Bitcoin Forum

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

So you have asked everyone here what their plans are?  Where is your research and sources please?

I am in the 10%, yay.

Seriously do you understand market cycles and volatility. Do you have patience? Or when you get the urge to open your bowels do you just instadump right where you stand :)

SSS plan. The people who are happy with merely breaking even will always be poor.

LOL at people stupid enough to do what you are suggesting. oh nice call on 90% of us having bought over 600. its probably more like 25% at the most, not everyone is as dumb as you.

That's true. That's why $7000, $25 000, $100k predicitions are total nonsense.

I doubt it will ever happen, but if bitcoin somehow ever again reaches $1000, everyone would go in selling mode. It would be impossible for people to be patient and hold at levels that high.

The ones that bought at 600+ and still holding have no idea of markets. And most of them have no patience. Half of them already panic-dump-ed.
Of course, these are assumptions and I may be horribly wrong.

The smart few already made money, despite the down trend of BTC taking avantage of the markets.
And that's because the ups and downs of BTC can make money, just you need the b*lls and the knowledge to sell and buy and sell and buy again 1000 times and getting (on average) on profit.



But yeah, some traders made and will make money, and we, the "script kiddies" (younger or older) will post "what's best to do" :)

And this is exactly why you are in red. You hold at the wrong time and you sell at the wrong time.

Maybe the $7000, $25000,... predictions are actually predictions on a deep fall of $????

Of course. But you gotta understand that the people that have been in the red for almost a year will instantly dump when the opportunity to get even or even get a little PLUS appears.

You can't beat the market, you can get lucky a few times and then the market suddenly catches you off-guard and you lose all your profits and more. This is true for 98% of traders, you and me are no exceptions. It can be argued whether there is a small percentage of traders who can be and stay profitable in the long run, but I think most of them 'cheat' in one way or another. Like people who have inside knowledge or HFT, or use some kind of manipulation. There is a reason why banks are so often caught cheating in markets. So far I'm still in the positive with the little bit of trading I do myself, but I attribute that more to luck than anything else. And my biggest profits are still from just holding and then slowly taking out some profits as the price continued to climb. That's also luck, but I feel that betting on Bitcoin's long term trend to continue is better than trying to predict the intermediate bear and bull markets. Why am I still doing it? Well it's a learning experience and it's fun, but I'm not trying to fool myself thinking that I can actually beat the market.

Could you please stop being foolish? I bought some of my coins at 1100+. Average price is in the 600s. I'm buying more. Not selling anything until at least 2k.

Not everybody bought in at their peak and not everyone wants to dump as soon as possible and get out. I'm sure you might also chnage your mind if bitcoin shoots up quickly and past its peak.

Yeah, idiots will, no doubt. But idiots usually operate with small amounts of money, so it takes quite a lot of idiots to really affect the price.

I tend to disagree. A lot of people make a living of this. On various markets. Bitcoin market is not much different.


There are ways to minimize loses. They.. happen. Next time you may cover them.


No. You and me are no traders. What we do is.. like playing in the sand.
And yes, getting as much extra info is .. part of the game, not cheating. That's their homework.
Here they also have options like pump and dump, which is not nice, but yeah...


Nicely said!
Learning about crypto and learning about markets is possible already with 10$ investment (especially on altcoins). Which is an opportunity to learn that not many understand.
Holding is an option. Playing and learning is another option. Investing big bucks.. some can, some cannot. Some play with big bucks, some hold. It's matter of personal options.

I have bought when the price was 130$ so holding is working for me, unlukily I had very few FIAT to invest in btc.

Got a link to support that 90% figure?

I'd like to be able to call myself a 10%er but I have a feeling most of us aren't noobs with less than a year in Bitcoin.

Exponential growth means that most of us at any given moment are "new blood".

I'm holding my 0.01 bicoins and I have never bought them because I have earned with faucets and some lucky gambling.

Perhaps they are, I remain however skeptical of their long term success in predicting short term direction of markets. I think their success can also be attributed to a few lucky calls and that's why they managed to stay in business so far. The ones who weren't so lucky simply left or became more long term oriented investors.


In a volatile and thinly traded market like Bitcoin tight stops don't seem very productive to me, you will get farmed like an idiot.

Oh my god, you guys are missing the point. You want quick cash? then yeah, fucking dump it as soon as you want. You want SERIOUS cash? then you have to wait SERIOUS time. Learn from Warren Buffet for god's sake.

I've been pretty successful with my trading so far. I would go so far as to call myself an old timer (my first forum account was banned). I was here when the first gpu mining software came out. I was here before Silk Road, and when Gox first opened. I was here when Bruce Wagner was the self elected voice of Bitcoin. I pulled out of bitcoin savings and trust with massive gains.

I would say I have pretty good experience with Bitcoin.

I'm not selling a single coin until after the next halving.

Difference between you and me right now? My strategy is based on logic, yours is based on emotion.

Actually I think many people bought way lower then that and your exaggerating the truth to suit your interests which is spamming and misleading newbies, for what I'm not sure but I'd guess..  Cheap coins!

People that bought a bunch at those prices were likely panic buying in order to avoid not being left behind due to the rapid speed the price had raised in a short about of time and continued to rise.  Those people should hold because their just now seeing bitcoin stabilize and lots of good news coming in.  So while sell before what many like to call a "bubble"?  :D

Yeah whats wrong with noobs these days. They are happy to jump out when they are in the green 1% or when they go 40% in the red; that is some money management which is doomed to fail again and again, with any outcome, just statistically.

This thread shows the slow sentiment change - when the down trend started it seemed obvious to hold, but it was actually better to sell. Now the sentiment seems to be that holding is ridiculous - that probably means that most holders have sold and it can go up again.

I hope to be that rare purple unicorn that has hodled through 2014 ;)

Definitely, it is more difficult to stay calm if you bought recently. After couple of price ramps it will be easier. If you think now is good time to sell, be my guest  :) I think now you should buy. If you have run out of fiat, then hold.

Perhaps, sell now buy back cheaper, won't work this time. 

If you're that negative that you'll insta-dump when you hit your buy point.... Then you probably were dumping already. So this is probably a factor keeping the price low, disillusioned people cashing out at a loss at every minor spike.

But eventually everybody that wants to dump will have done so.

Well that sell-at-1%-profit-or-40%-loss strategy will still break even at some very high win/loss ratio.

OP take all the risk and take none of the return, a sure way to go broke  :D

Grandpa, did you really hodl through the Great Bear Market of 2014?

History in the making gentlemen. It's a simple choice. Which risk is worse, losing some money now or losing the chance to be among the richest people in the world in the future?

You are doing wrong you should buy alts and when sell have insta double of BTC :)

Title is very misleading.  If people don't know when to sell then their best be is to hold.  Here's an example if the try to sell now and the price goes back to 600 they'll lose more money if they'd just held the coins and disregarded the price. 

I think most people give the advice to hold thinking people will sell at the wrong time and lose their coins in bear traps.  Unless there is some obvious reason to sell before the price went down it's best just to hold.

Certainly many people make a living from trading.  But you've got to remember that most pro traders are paid to manage other people's money.  They get paid big money if they make money for their clients.  And if their clients lose money - well, the traders don't lose anything.  Really - that's how hedge funds work - they take a percentage of their clients profits in good years.  And in bad years, well, they don't take a percentage of the losses, and tey still get their management fees.

roy

you're going to dump the best form of money in existence for a bunch of government papers? you are aware that no form of paper money has ever survived, they all went to zero.