Bitcoin Forum

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up. The last few weeks have given us nice increases in price. It's also obvious to any long term observer that once this rocket starts to take off, the current price (~280) will seem miniscule. Why sell now and trade against the trend? I would set some stops to protect myself, but let the price go up more before considering to sell. If anything, it is buying time right now.

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

Too soon to call, the price is steady and rising some damn news about the Winkevelis exchange came out so that moved it a bit.
I'm still waiting on the ETF but at the least were going to test the $290 line next from the $280 were at now.

Some people is trading on short time, and on last days the movement was big, now they sell and expect to buy lower. If you trade at long it seems clear that it will go up.

Whats it?? Taking up then down again.


Nothing changes ;)  :D

That's definitely the case until it suddenly is not.

I'm not saying that it's happening now, but people who bet the house on that cycle will eventually get wiped out if it goes beyond it in either direction.

your post history confuses me, but yea you have a point.

I'm surprised it went this far but I'm definitely not buying today. I will wait this one out. Very overbought in my opinion.

sell represent NOTHING ... big PUMP, DUMP is irrelevant.


EURO
http://imagizer.imageshack.us/a/img905/9333/sBKyya.png

You can't tell this surely! I wouldn't have balls to sell my coins at the moment and to short it to $220 as you have suggested! What you have said is pure guessing!

The new in trend and a new run is bound to start eventually. I wouldn't want to be left off in a station as train is leaving!

Well of course it's profitable doing it like that, but what when price jumps over 300 and you end up being forced to buy at a loss ?!
I don't believe this is the time to sell, but i'm now in longer term plan (will wait for the halving and continue trading then). If you think you can do this all the time, you're wrong.

Bitcoin's price volatility is unsettling. From the time I bought my first bitcoin to the day I sold it, the price of bitcoins jumped over and over again. What I learned from buying and selling bitcoins is you have to sell when you are able to make profit.

The previous highs to 300+ happened too quickly for the price rise to be sustainable. The latest rise has been slow and steady so I wouldn't bet on the 200/300 cycle continuing this time. That cycle can't continue forever and this latest rise is probably the start of something much bigger that keeps going all the way up to the halving.

i am sorry but i do not quite understand please explain and  the charts means little to me if you could explain (oh and i hope it goes higher before i sell)

Yeah, I've seen this with traders in other markets. They trade this pattern and make modest consistent gains for some period of time until one big wipe out in the end when the price finally breaks out.

Yes keep going that way it will last for ever (NOT)

Nuff said

Dont let me spoil btc future

I was thinking of that too but seeing that we're in the start of a new week and we finished the previous weeks with nothing but greens, I think we'll continue to be in it up until the halving. But no assurances or whatever, still I won't sell all until 2020, that's for sure.

(while he dumps his btc)

I'm still waiting to buy, petty sure we will see a drop soon.
Then buy some more right before the block reward halving.

some people bought earlier this month at a cheaper price and they simple want to cashout out on their quick profit.

Pretty much nailed. it

bitcoin bounced above $300 before just to crash to low 2s. short term holders may want to take their 10-20% gains. If there are enough of those to offset new money then down it goes.

if you are long, then you probably wont sell until at least a 100% gain, maybe more.

I am long, but skeptical. It is unlikely that I have chosen the one investment that is truly better than all other possibilities.

We should be closing in on $300 in the next few days, so we'll see if this prediction holds up or not.

the price is quite good now around $288-$290 and i think not yet the time to sell now and i still hold my bitcoin wait the price reach $295

because some do not believe that we are going to break the 300 wall, thus they will simply play their cards in a good established range of quick profit

there must be someone who is feeding those guy, and those "someone" are those that believe that we can break the 300 mark

A few days of rise doesn't determine a 7-month movement up until the halving. Could be some whales trying to take up profits based on hype with the recent news and not organic market movement.

We might have seen the bottom of bitcoin. The bitcoin price will consolidate around $280 and prepare for next push to $320 in the next two months.

Exactly this! Previous rises were parabolic rises on the news like Coinbase for example that lasted a day and then just crashed back down. This time around feels different. Steady rise! I mean, heck we are pushing it even more up during this night. There is a constant upward pressure!

I guess we'll see everything soon, who are right and who was wrong! :)

And they will cry if we continue climbing.This time I think we continue rising after a short and low dip.

The true test is $300 however the rise to $290 to $280 before the end of the month is a good sign
And the last October rally we had well brings back delusions of grandeur he-he

Some people thinks price is not stable and quickly sells at little highs.
Some people hold, even add more buying, waiting for next 2 years.
It is pretty much personal decision.
I am planning to buy for example.

Traders who bought around $220 are better off taking some profits than thinking later why they haven't sold as they had the chance. I think we'll struggle to see the price go and stay over $300. For now we seem to have reached the top, it's better to take profits if you're a short term trader and buy back lower.

The price is already $293. So the sign is good. It is the consolidation time. Don't rise too fast.

If it reached your target, just sell.

Yes, always stick to your plan. Good chance we are at the top since we have been trading in this $220 - $300 range for the entire year.

It's not worth to sell at the moment as you can probably sell for a better price later.

Nah, I won't be selling anytime soon. In the scenario the current rise is just small and temporary and prices go down again, it'll be a nice oppertunity to scoop up BTC once more.

guys please dont dump your coins. itll only lower the price :-\ just keep believing in bitcoin its bound to go up. you've hodled this long, just keep hodling on

$300 is the absolute top currently on exchanges as Bitstamp and Bitfinex. They didn't even made an attempt to break through the $300 barrier. Bitstamp's high is $296 and Bitfinex's high is $295.99. People know that, and that's the reason we are seeing people taking profits now instead of waiting to sell over $300.

o i didnt think about the traders lol, i guess its not that bad cuz if theyre trading coins it doesnt really affect the price that much. atleast thats what i think.

When more traders buy actively, the price will rise.

already dumped some on the previous pump to 300, because i need to loan to my family, i'm about to buy again back, what i've dumped previously

not much, just 16 btc

Relax mate, price even when goes up, it goes up in cycles. It rises then it drops a bit, then it continues its growth again. The chart look pretty much like waves. Long-term we can't go nowhere but up!

There's a ton of people with a ton of different reasons for having BTC in their life. Who is anyone else to tell them what to do?

Yeah they are free what to do with their money... but unfortunately massively selling btc now will make the price crushing with a little profit. Seeing the ''resurrection'' of bitcoin price, it could reach 400$ in the next weeks.

It's never going to be a viable monetary system if we all have to cross our fingers and suppress our needs for it to succeed. It either fits around real lives or it don't.

If you sell now, you are aiming for really low gains, and you may be rendered an idiot in the future. There's actually big chances of this happening. Look at this guy for example:

https://bitcointalk.org/index.php?topic=27348.360

It must suck being him right now. Im pretty sure we will see threads like this in the future, but with way bigger sell off price. Once the price 10K, the 1K sellers will be rendered as idiots.

let them sell as much as they want. at some point they are done with dumping and we can focus on advancing to the +$300 levels.

It is never obvious, it cannot be obvious - because obvious would move the price already. And the alternative interpretation is that we are in the 200-300 range at the upper bound and we are now heading back to the lower bound. Once we cross 316 this alternative interpretation will be invalid and then it will be a little more obvious and the price will move up quickly. But if we cross 200 - then it will also be a little more obvious - but in the other direction.

After they sell now for around $300, they may have to buy at $500 next year. If you think bitcoin has future, just hold it.

I guess most people who sell here are not selling their complete position. If you bought in for 210 and sell 50% of your position at 290, then your average price per btc is 130. this is risk management.
If it goes up further you have less profit but still profit, if it goes down you have fiat to accumulate more and you can also set your stop loss way lower.

Some people sell there there btc because they satisfied on the price and maybe later or sooner the price will drop and they can buy again in lower price. But for the people whom is holding the btc and wAit the price reach the $500 above they will not sell.

May be you're right as with the current trend it seems to early to sell bitcoin now. Bitcoin will reach higher and higher prices in upcoming days with respect to the current market scenario. When people find any negative trend like bad news only that time is suitable for selling, not now.

bitcoin will be increasing because of the demand and the halving is nearly coming so some people are keeping and collecting bitcoin because they know that the price will increase. before the year finish i think the price will above $300.

$300 is achievable by the end of the year. However, price has to be around $300 for some time to prepare for the next push.

I would say only sell because if you need money.
For example for emergencies your bitcoin can be use very useful & helpful.
Personally i will try to hold as much as i can until i need to sell them.

That's how markets work - people have different views on the price and different timeframes for their investments.

If everyone was in agreement that the fair price was $500 right now, the price would have immediately gone up to $500.
It's thanks to these different opinions that we have buyers and sellers in the market at any given time.