Bitcoin goes up

[Kapz786]

For those who realized how btc price went up yesterday by 10 dollars and dropped, and now it remains around $274 USD. When we bitcoin users see a moment like this, what was your first reaction? Sell your bitcoins right away (if you have a lot) to make profit, or not care at all. Will btc continue the grow? Here's an analysis I read.
 http://cointelegraph.com/news/114758/bitcoin-price-analysis-the-running-of-the-bulls-week-of-july-6

[pereira4]

For those who realized how btc price went up yesterday by 10 dollars and dropped, and now it remains around $274 USD. When we bitcoin users see a moment like this, what was your first reaction? Sell your bitcoins right away (if you have a lot) to make profit, or not care at all. Will btc continue the grow? Here's an analysis I read.
 http://cointelegraph.com/news/114758/bitcoin-price-analysis-the-running-of-the-bulls-week-of-july-6

If you are here for the long term, this means nothing. If you've been here for a while, you should be used already to hold during ups and downs. It all comes down to you. Do you want to make some quick cash and enjoy your fiat beermoney for a vacation, or do you want to retire early in 10 years? pick your poison.

[OROBTC]

...

I did not buy BTC just to make a small-ish short-term profit.  I bought BTC for the below reasons:

1)  BTC, well-hidden, is a private asset that can be moved overseas easily.  You never know.  It's good diversification.

2)  BTC could very well have a sharp price increase... 

3)  While losing some "transactions costs", BTC can now be used (in the USA anyway) to buy gold.  Buying options will increase in the future.


Talk to me when BTC goes up to over $2000....

[--Encrypted--]

I'm happy with the increase. but 10-20$ are just a small amount on a long term so I don't think this is the right time to celebrate.

[Kapz786]

I'm happy with the increase. but 10-20$ are just a small amount on a long term so I don't think this is the right time to celebrate.

Yeah not for us, but for those big players out there who own a lot, should it be a right time for them?

[--Encrypted--]

I'm happy with the increase. but 10-20$ are just a small amount on a long term so I don't think this is the right time to celebrate.

Yeah not for us, but for those big players out there who own a lot, should it be a right time for them?

maybe. that depends on what price did they bought BTC at. if they invested when the price was at the 220$ then yes, they should celebrate. but I bet they won't sell it in a hurry after waiting so patiently.

[Lauda]

How about you start making these thread in the appropriate section? If you make an individual examination of exchanges it is easy to figure out what is going on.
Someone is actively preventing the price from going to $280 at Bitstamp.

It can be clearly seen here. As soon as the price was dangerously close to reaching $280 someone dumped over 1k coins.

The story at BTC-e is different. People are jumping on the litecoin train to make a huge profit. You will just have to wait a little bit before litecoin gets dumped and crashes again. It does not have the proper infrastructure for a $200M market cap.

[achow101]

How about you start making these thread in the appropriate section? If you make an individual examination of exchanges it is easy to figure out what is going on.
Someone is actively preventing the price from going to $280 at Bitstamp.

It can be clearly seen here. As soon as the price was dangerously close to reaching $280 someone dumped over 1k coins.

The story at BTC-e is different. People are jumping on the litecoin train to make a huge profit. You will just have to wait a little bit before litecoin gets dumped and crashes again. It does not have the proper infrastructure for a $200M market cap.

Why is someone trying to prevent Bitcoin from reaching $280?

[jonald_fyookball]

For those who realized how btc price went up yesterday by 10 dollars and dropped, and now it remains around $274 USD. When we bitcoin users see a moment like this, what was your first reaction? Sell your bitcoins right away (if you have a lot) to make profit, or not care at all. Will btc continue the grow? Here's an analysis I read.
 http://cointelegraph.com/news/114758/bitcoin-price-analysis-the-running-of-the-bulls-week-of-july-6

There are all kinds of traders, from "hold forever" a la Warren Buffet style to scalpers looking at the 5M chart.
Personally, I'm holding 100% for at least a decade.

[ebliever]

I'm a HODler. My experience in altcoin trading taught me over and over to resist my emotions and the impulse to sell at the first significant rise, thereby missing out on some huge increases. "Always sell on the BACKSIDE of a spike" has become my motto. I don't want to be the one who sold at the first little increase to some fortunate soul who goes on to ride it many times higher. Let them find some other sucker to buy from. ;-)

[Lauda]

Why is someone trying to prevent Bitcoin from reaching $280?

I guess it could signal more confidence, and things might go much further. People with a lot of money are trying to flush out weak holders and get as much as they can. I would try doing that if I had a bigger sum of money available.
It's not specifically tied to $280. You do have to consider that the last time that we have reached $280 and a bit above was in March, which was almost 4 months ago.
There is 3k buy wall at $250 on Bitstamp. Hopefully it remains there as a good support level.

There are all kinds of traders, from "hold forever" a la Warren Buffet style to scalpers looking at the 5M chart.
Personally, I'm holding 100% for at least a decade.

Exactly. Once the right infrastructure is there, and the right price has been achieved I won't even cash out. I'm just going to rely solely on Bitcoin.
Although if a new bubble appears in the coming years I might sell a few (<10) to upgrade some systems and go on a vacation.