We'll see... 

Unless the price tanks, then you are stuck holding the bag.

Buying and holding is great until the market crashes...then you are stuck with BTC worth almost nothing.  Sure, the market could resurrect itself a third time after a major crash (ie: down to singles), but there is no guarantee.

Buy on dips, sell on recovery, stay primarily in USD to minimize exposure to a major crash.

My strategy is the Best Strategy.

Nope. Just watching a bubble be a bubble.


When it pops, then I'll be on the edge of my seat.

Stop trading emotionally.

I've said it a million times...Go into your trades with a plan. Have a clear entry and exit point on both the top end (profit taking) and bottom end (which needs to be low enough to account for daily volatility, but high enough to preserve profits).  Stick to the plan and don't buy or sell on emotion.  Most of all, if you cant tolerate risk, stay out of the market.

Despite common belief, it really isn't that hard to make money trading in this market.

To sell it for a higher price.

Profiting.

Daytraded/swingtraded until the recovery from the mini crash...cashed out completely and staying in USD until the big one brings us down to reasonable prices.

Hahaha, yeah you and me both!! I definitely didnt expect it to bounce back this quick...  (not that I'm complaining )

Yes, my brilliant (yet cartoonishly evil) plan to manipulate BTC price through goofy polls is working perfectly.... 









...you're silly, Herodes.

If you read a few posts above you, you'd see I agree (to a point).

I think we will beat the all time high before we see a major crash....which is why I am still daytrading/swingtrading, and will be up until the high 20's.(and then I'm out until after the crash)

Most of my profits since the price raised from single digits have been from jumping in and out during corrections.  Its somewhat risky, but as long as you set clear entry and exit points (and avoid emotional trading) it seems to work fine as a trading strategy...at least for me.

Then again, I'm trading an amount of money that I don't need or care about (I considered it "lost" when I first bought in a couple of years ago) so I have a fairly large tolerance for risk.

Yeah, I think people will be a little shook and wait for the dust to clear to buy back in.

Actually, I jumped in too high in the correction (hoping for a quick profit) today, and got caught with my pants down.... ..... I figure I will just wait it out and take profits once we are back on track (I don't panic sell).

 

Actually, I agree. I don't think we'll see a severe crash (down to singles) until we are past the all time high. 

Too bad no one told him to cash out before it was too late....

...Oh, wait.....

 

Lol yeah, fixed.

 

I bought and sold all the way up and down the first bubble, through the stagnation around $5 (with my bot), and have been buying and selling all the way up this bubble (profiting the entire time)...thanks for your concern though. 

I watched a lot of people buying in at $20-$30 last time; a lot of them were stuck with BTC they could barely give away a month later when they hit $1.98.  I'm hoping that people learn from their mistakes from last time and don't get caught up in the hype.  Someone needs to provide a counter-point to all the madness that people are spouting on the forum lately.

If I were you, I'd cash out now before you get left holding the bag...again.

Quoting it as a +1.  The chart alone makes a perfect counterpoint to OPs log graph....no explanation is really needed.