Buy when the price is down $10, sell when the price is up $10-15. The reason it's $10-15 is because bitcoin on average is going up, and usually goes up 10-20 at a time.
for now this strategy is good increase for 20 and fall for 20 for now this is good also good is to keep an eye on some alt cuz they change price rapidly now the altcoin market is a complete mess. beside that, putting money into altcoins isn't really what i consider to be investing. it's more like gambling. |
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Selling will be now not the best thing that you can do and that is because the value of Bitcoin was stable for a long time and you can already see now that the value is rising.
And it is really nice if the value is rising because we already waited a long time until we can have some profit.
agree i'm waiting for 1k before selling, or 2k, selling now is stupid, it's a good way to lose money imho, i'll sell when i see that the market is reverting its trend, and the dump begin, it's a bit hard to do it, but it's possible there is nothing wrong with securing profits every now and then. especially when there are a lot opportunities to buy back lower after you sold. it allows you to increase your coin count and to have good fun. |
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This is why you need to be careful with stop losses... it's a great way for people to buy up your coins at a discount.
people are willing to hold on to their coins for a longer while, but they do it while they protect their profits by placing stop loss orders. the only negative is that if too many people are doing this, that it will have a chain reaction of stop loss orders going off. just now the price went down to $564 on bitfinex. let's see how low this will go. |
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the best thing you could do with your money is investing into big companys off course not just a little bit but you have to invest many coins will you get any nice profit out of it you know.
why put a lot money into certain companies while people can buy themselves enough coins from potentially the best investment in this decade, called bitcoin!? and the best thing of all is that you fully own what you pay for with bitcoin.  |
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we are in fact very close to reaching $600 today, but the market right now seems calm and not really showing any upwards potential to reach $600 today. i think if we give the price this whole week the time, that it will be done before sunday.
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lol do you all really think that the bitcoin will be 4000 each i dont think that is a relevant amount for the bitcoin. If the price of the bitcoin will be that high there comes a big problem
$4000 prices to happen within this year is indeed beyond insane and will simply not happen. we won't even reach the $1000 price level this year. buy you got me interested. what's the big problem you are talking if the price would be at $4000 levels? |
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i have coins in my cold wallet, these i will not sell below $1000. the coins that i have for trading purposes, i might start selling some at $500 to $550 as i want my profits in my pocket.
Well you would've probably need to wait for a year before bitcoin hits at $1000 because in my honest opinion, by the end of the year the price of bitcoins would probably cap at $600. Well, that's just my opinion. very late reply, but better late than never. i don't mind having to wait some years before i see my price targets become reality. i have enough patience and dedication to not touch my cold wallet coins before the price reaches at least $1000 at some point in the coming years. in the meantime i am doing a lot trading to increase my coin count and to entertain myself as i like trading. |
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I am also holding for the future in the hope that the price is going to be higher then we have ever seen. I am then going to sell all my coins at once and then I am just going to stop with Bitcoin forever.
It's your choice of course if you want to quit Bitcoin at some point in the future when the price reached a very high price point but you can always use Bitcoin as currency or simply as store of wealth if you don't want to invest anymore. And I'm quite sure that by that time you will think completely different about selling all your coins at once and stopping with Bitcoin completely. Not many people have managed to quit as they nearly always come back. Once you start using bitcoin its really difficult to get rid of it, and I am sure no one can quit it so easily, and pretty sure that no one will sell all their coins at once, will save some hoping for best price in future. i personally know 2 friends who have said to never use bitcoin again. they got mad because they bought at the top back in 2013 and kept seeing the value of their investment go down and down. both have bought back in 2015 and are using bitcoin as currency now. and that while they promised to never ever come back.  I think bitcoin is something like addiction that you can't live without once you start using it, I think if bitcoin dies, I will also die  the thing is that there is no point in leaving bitcoin for ever. you can use it for trading purposes or as store of wealth, or just as currency. bitcoin gives you the freedom to be the full owner of your money. people have been sick and tired of banks using their money to gamble with it on the financial market. embrace bitcoin and you'll give the right signal! Holding bitcoin for a long term can always be profitable, as you never know what higher value it will hold in future, so saving for long time can give best rewards. There are now a lot of people that is holding their Bitcoin if they have that and that is nice to see that they have all patience for it so that is nice. But it will be really hard to know what will happen later in the future with the value of the Bitcoin and that is risky. risk is something you can not avoid. even not with the safest possible investments. if you want to profit to the most, then the best thing is to cash out some profits every now and then while the price is going up. it allows you to buy back at lower prices with the money that you got from cashing out some coins, and when the price continues to go up it allows you to benefit because you can sell at higher levels. it's a win win. |
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For a minute let us assume that fiat has been stopped, then how we will determine what the price of bitcoins is, I mean what is the worth of 1 bitcoins for a user ? So you can see fiat cant go  you mean if all fiat currencies in the world don't exist anymore? then surely gold will be taken to tie everything in the world against it. Great logic If fiat die then the rate bitcoin will not matter anymore? I think Fiat will survive anything. including bitcoin is worth more than $10k though. you see gold if worth $2k and it does not make any bad effects on fiat. even-minded people do not make gold as a payment method you didn't understand what i tried to say. when fiat is no more in the picture everything will be tied to gold. then we'll have a market pair of btc-gold instead of btc-usd. |
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For the price go down again to 400 some serious things need to be happening. I don't see this coming, since we got a positive market.
Perhaps after the halving?
The big whales can push down the price briefly down to $400. But it will not last long, the value is there. Big whales can do anything they want with the price. But they want to profit from it, so why dump a lot of coins to lower the price if they can sell them slower and profit more? If the whale open a short position and sell the bitcoin price to lower level, they can make profit from the short position. Not only whales, but even smaller traders can make profits no matter in what direction the price is moving. It requires a good understanding of markets and enough experience. For small investors, they can buy and sell coins easily because they have smaller positions, not like big investors. That is true. But the big investors control the market, they can manipulate the price of bitcoin easily. So we need more people to be aware of the bitcoin and buy the bitcoin. Bitcoin will be owned by more people. The more people own the bitcoin, the higher the price the bitcoin will be. That is the case for the past 7 years. if you're talking about when the wealth (bitcoins in this case) is spreaded between a lot people instead of having a few persons controlling insanely high amounts of coins, that the price will be higher... i don't think it will be that different. whale traders owning such a large amount where they can manipulate and even control the market are very welcome for traders. these whales can move markets up and down which allows us traders to benefit from it. beside that, we will never reach a point in life where everything is spreaded fair. it's wishful thinking. |
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For a minute let us assume that fiat has been stopped, then how we will determine what the price of bitcoins is, I mean what is the worth of 1 bitcoins for a user ? So you can see fiat cant go you mean if all fiat currencies in the world don't exist anymore? then surely gold will be taken to tie everything in the world against it. |
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As more time elapse more and more websites are developed and people start offering services which were earlier unknown. So, in my opinion as each year passes the bitcoins will get more and more popular obviously.
yup, it basically makes every year 'the year of bitcoin' and not just a certain year. but it's also personal. for example: for some people 2013 was a fantastic year as the price reached its all time high, while for others it may have been a horrible year as they bought their coins above $1000 back then. |
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Bitcoin will die this year
and at the same time it will increase in value
just like paintings of dead painters increase in value
No way, the bitcoin price could reach $800 to $1000 by the end of the year. It depends on the block size increase to 2MB. The block size increase will surely have a positive impact on the price, but I don't expect it to last very long. In order to see +$1000 prices we need more traders with decent amounts of money for investment purposes. Fresh money is what we need to see the price increase throughout the years. The 1MB to 2MB block size increase will push the price to $1000. The next 2MB to 4MB will push the price to $2000. i can't see the block size increase to 2mb will have that much impact on the price. my guess is that at the time the update rolls out, the price will get boosted with $50-$100 at most. |
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Well I just wanted to say if you hold bitcoin that you have when its price was $ 300, then sell. benefits will you get today is very high, especially if you have more than 1 BTC
the price is actually holding its position pretty strong, which means that people aren't willing to sell their coins yet. they believe the price will go even higher than $600 before the block halving. but yes, it's good to cash out a certain part of your coins if you managed to buy somewhere around the $300 price level back then. or if you don't want to sell anything yet, then make sure you make use of stop loss orders. better safe than sorry. |
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The bitcoin has risen more than $150 from the opening of the thread. So it is just undrvalue by $50 now.
bitcoin is always undervalued by $200 no matter what the price is. well, if you strictly look at the technology that powers bitcoin and the potential to transform the entire financial industry, then yes, no matter what the actual market price is, bitcoin will always be undervalued in that aspect. |
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both have their own advantages and disadvantages. to choose should adjust to your needs
there is no need to choose when you can have the best of both worlds. it's fantastic to have open investments in whatever you prefer to get a certain percantage back on your investment. but it's also very important to have a buffer with savings for when you need it. that's why it's better to do 50% investments, and the other 50% will be your savings money. that's how i do it. |
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The price was as high as $600 yesterday and now it's down to $570 again. I think the current market movements we are seeing are probably mostly caused by the Chinese investors buying Bitcoins because of the weakening Yuan. These small ups and downs are not characteristic of a pump and dump scheme at least for now but I am not a trader so don't quote me on that. People expect the price to double at the time of the halving but if speculators start selling back Bitcoins the price drop will be imminent. I think we need to hold our Bitcoins at least till December when the dust will be settled and we will have a better picture of what the market trends will be. Just my 2 cents on the Bitcoin price speculations due to the block halving people were expecting the price to double back in 2015 when the price was below $300 back then. if you look at things from that point of view, then these people are more than right as the current price is over $570. but if some people think that the price will double from the current price levels due to the block halving, then keep dreaming. the price will fall back heavily after the halving. |
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i can't blame anyone for thinking the price may or may not be calculated in the current price (at that time), because the price went up from very low $200's in 2015 to over $400 for the major part of this year. at that time a lot people were thinking the halving was already in the price. normal reaction.
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I think bitcoin is actually more secure than a lot of other payment gateways. Rather, I think it's the bad image that has been cast over what bitcoin is used for that is creating doubts over the public about the morality of bitcoin.
For example, bitcoin is used for buying drugs. The public thinks that is all bitcoin is used for, and therefore they don't use it because they think it's illegal.
i agree. sadly the media has always been mostly against bitcoin especially whenever it is in their favor and most of the time they are just spreading the negative news because it is hot. and this negative publicity is one of the biggest obstacles in front of bitcoin. I think these are people who are against bitcoin, and I am seeing that they are more active on media, if they are more active then why the supporters of bitcoin are not much that active? We also have to be more active and have to spread it to every corner of the world. Because no matter how much we explain to people that bitcoin is actually good for the society and to them as an individual, the negativity on their mind still wins. People will only hear what they want to hear. They want to hear that bitcoin is bad that's why that's the only thing they believe. What's stopping them from using bitcoin is fear. Fear that someone would be after their lives when in fact, they are fully anonymous when it comes to bitcoin. Unless if they upload their photo and other personal info and say that a wallet belongs to them, of course.  I think everyone thinks that the BTC as digital currencies are dangerous, because they still do not have knowledge of the bitcoin and plus there has been no recommendation from the corporate, Government, and people are popular for using Bitcoin. 99% of people will want to use something if they are recommended by famous people, companies, and Government. ignorance indeed plays a big role when it comes to people leaving bitcoin or not willing to use bitcoin. the thing is that it will only cost an average person around 30 minutes to understand the basic things of bitcoin. after that he/she can decide whether or not to dive deeper into the technical aspects of bitcoin. that's up to them. just doing some unbiased research will help to convince the average joe to adopt bitcoin, or at least to give it a fair chance. they will realize that bitcoin stands for freedom. |
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I do not have a strategy to trade because I just gamble sometimes on it, taking the risk to make some fast money these days.
Also a strategy with trading is also not always working...
the bitcoin market most of the times is in state of repeating. if you understand the market and its movements, then you'll know how easy it is to make money on various price swings every day when there is enough volatility. so far it allowed me to make some decent profits in quite a short time. especially the previous weeks. |
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