Bitcoin Forum

I just keep buying from the weak hands and welcome the price drop. this is a gift at these and possibly lower levels. I would have never thought that btc would be $450 in August 2014 though :(

450 $ is a good price, we wont buy at this price in othre moment

BTC will recover, its pretty stable in my opinion. Just wait for a week more.

BTC is not stable... 22% in only 1 week :/

That's not much really, prices will hold from 400$-800$ for a couple more months until the next boom. Mark my words. :)

I don't know when it will exactly, but my prediction for december 2014 is over 1500$.

The same strategy can be followed when the price is increasing (by selling of course).

December i think is too quick for $1500 raise. Looking at the stats of past few months I think would be $1k :-?
Anyways, it is profitable for all the investors :P

I was lucky to buy 2btc at BTC-E at $352 yesterday, instant profit  ;D

Agree, but my btc target price is much lower about 350-400$. I will wait until that level to buy some..

If it would rise to $1500 It would be fantastic, we are all waiting for this so much, hope your words will become true. I was about to invest decent amount in BTC and I think It is the right time to buy.


EDIT: BTCmaster3, how do you know that the target price will be $350-$400?

That's a nice strategy but it involves some risk, for beginners I think that holding is the way.

More cheapo ass coins for intelligent money.

My strategy is the same and to just keep holding. I expect big things from bitcoin so I don't sweat the small stuff. I try and earn as much as I can per month in whatever ways and buy a little as an investment with some spare cash.

my strategy is simple....... " Just Wait "

let's say 99% are weak hands, and you bought all 99%..what happens next  :D

This is just the same that happened after the big big period of stability, things get shaked up and down then higher than ever before. Not worried at all.

Yeah, these days I think anyone who was here during the days of MT.GOX have gotten used to it now, what I'm most surprised about are the drop in altcoin prices, because normally when the Bitcoin prices go down the altcoins go up and vice-versa.

Sell when price goes down
Buy when price goes up

Buy high, sell low.

Stagger buy on the way down... I think its dropping further to $400 maybe even lower. Thats when we rally the troops! I agree buying now is sensible, you'd expect BTC to hit $1k again at some point so its safe-ish, but nevertheless in short term I'm expecting more drops.

It's a good price but I do admit that I was a bit saddened that it wasn't a significant amount higher right now
Still for an entry price for a new investor into Bitcoin and for ones that are a bit veteran and experienced in it
This is not a bad entry range.

You must be doing well today then. Are you going to cash out now and wait for another crash?

How high do you think bitcoin will go this time?

In theory this would be a great plan, however you really don't know when the price is "low" and when it is "high" as the price can do many things over short periods. If everyone knew when the price was lower then it should be then it would never get that low in the first place.

Sometimes buying when the price is going down is risky but the rewards are usually higher than holding.

my plan:

http://99bitcoins.com/wp-content/uploads/2013/12/bitcoin-roller-coaster.gif

Buy is the strategy.

so many people predict it will be that. but it doesnt really have to be. most likely it will be a stable going up as mining costs go up more and more. usually the price of a bitcoin is tied with how much it takes to mine them.

at the price of $500 for one BTC, there is every month about $62 Mill. new BTC coming on the market and about $650 Mill. a year. The investment capital into bitcoin ecosystem will be about $250 Mill. this year, so we are pretty good right now. There is no need this year to go higher as $500 level. From the speculative point of view on $680 there is a very strong chart technical resistant line, the same a strong support zone at $450 and $380-$350. And thats great.

So, my strategy for when Bitcoin price is going down, is buying and when its going up selling. Thats an anticyclic speculation strategy, vis-a-verse works too.

Hello, what nonsence. Bitcoin Mining is binded to Murphys Law, due to using computerchips: Double the speed every 18 months. In sha-2 mining, its every 6 months! The difficulty is not rising fast enough as mining costs are dropping down. We will see a drop in elec. costs up to 5x in the next years for sure. the difficulty has to 5-fold first.

The title of this thread suggests you are speculating that it's going down more, following a trend, but the fact is that it already has gone down.
Take it from the brighter side, it may go back up as well just have patience.

This price of downtrend only means larger opportunity to get it. You'll look back to threads like this in tears if you did not get at least a some BTC.

The correct strategy is to sit back and relax, as it will go up again eventually.

that's a good attitude, but it's better that there are no weak hands, the price would be better, even if we need that someone sells, otherwise the trade can't move

Or you could take advantage of lower prices and buy some more (if you are not fully invested).  :)

Bitcoin 2014 ytd return is negative..

If current bottom is valid, we will see $1200 on next jump.

I sure hope it crosses $1000 at the next peak.

I think this strategy is very classic
Most people do this when price down

This time still also great time to but/sell when the price still unstable

It is a good strategy as long as the price increases in the long run and you don't run out of money to invest.

This. I dollar cost average my purchase so am buying x dollars worth at the same time each week. From there I do spend some. I guess I don't change strategy based on price change. Bitcoin is a buy for me, unless something major happens. (edited to answer OP)

How does that even makes sense here?That shouda opposite isn't it?Or you folks are just trolling

That strategy is called trend trading coined by Paul Tudor Jones.

Market is big enough to have all kind of strategies. One thing all have in common is risk control.

My strategy when bitcoin is Keep hold down and wait
while hoping bitcoin prices rise and let the whales worked  ;D
but when it fell continuously until the $400 I do not know what keeps hold or sell

The Op said the market surprised him with the current price, I wonder if he isn't going to be surprised negatively again.

Avoid buying on a bearish trend until there are signs of reversal.

it is not that surprising it is not the first time bitcoin went down and then back up

Yes, people said that too, when the price went for the second time below 1000 on the 5th december 2013.

I will not sell my bitcoin, I will wait until prices return to normal bitcoin, maybe a week, a month or a year, but its regular price of bitcoin will be back to normal within a week, hopefully bitcoin prices will not go down in the next few months ...  ::)

Buy low sell high is the motto. Here is the fact:

A strong base and resistance at 500. So buying at around this price will have low to moderate risk.

If the price drop below 450, sell to limit downside exposure. If it go up to 550, sell to cash in profit. And wait for another downtrend.

What do you think 'normal' bitcoin prices are?

I like your strategy. With anything it's always wise to buy to make a profit so if you can buy bitcoins when the price is low and sell when the price goes up again you are in actual fact making a profit which is one way to help you invest more.

Not many have the discipline to carry out the strategy.

Most people buy when the price is high and hoping for new high. And then they sell when the price is low to cut their loss.

That's why people should see Bitcoin as a long term investment and comparing it to any traditional fiat currency which probably in the next finincial crisis will blow up....
The psychology of an "inexperienced investor" is like you mentioned so called "weak hands".

https://bitcointalk.org/index.php?topic=745710

This is typical of the newbies trying to enter in the trade game, but they always lose part of their capital in this way.

Agree, I am a newbie but Ive already seen bitcoin dove twice in a month. And not by $5 or $10. Dove down up to $30. Its ok to say that bitcoin is not stable currency but still it has a lot of potential and a lot space to develop more.

Buy and forget for a year. Try not to look at the price fluctuations (easier said than done)

That's the good strategy loose holders sell the coins quick,it's always a profit buying from them directly

If the strategy stop working, he will lose a lot of money.

Trend trading is cheaper and more effective.

Trend trading is no different than day trading it can always backfire in your face and you can lose a lot of money as a buy rally will happen randomly and it can catch you while you sleep. Thats like 8 hours minimum daily you are risking + more if you are not monitoring the market constantly.

The is very intelligent if you ask me.  We've been is similar situations before and this is nothing new.  People think the price is too low and Bitcoin is doomed...  This happens time and time again and bitcoin recovers.  For that is enough reason to just hold and buy on the dips what you can afford to lose.

https://play.google.com/store/apps/details?id=br.eti.fml.satoshi&hl=en Bitcoin Paranoid - set alerts for various thresholds of price movement, and let it wake you up when your device is plugged into its charger.

The price of bitcoin is very volatile. Unless you set the thresholds to be a large percentage from the current price, it would not be uncommon for your "alarm" to be set off several times per day. If you are woken up in the middle of the night the potential for profit could already be gone by the time you wake up and boot up your computer/laptop.

EDIT: also if you have a significant other I can say with a good amount of certainty that s/he will not like this idea.