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Author Topic: How has this year's action affected your attitude and plans?  (Read 475 times)
edisystem
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November 25, 2017, 04:58:42 AM
 #21

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

Gotta say it's all happened considerably faster than I was expecting. My plan was to stay put until 2020 and then have a think and that hasn't changed yet.

I am starting to wonder what the next bear market will look like though. It's easy to savour five figures when everything's on the up. When people can't drop that shit fast enough is when the real mettle is tested.

Wow 2020, that's a long plan to hold your coins. This year is a big year for bitcoin, the price of bitcoin increase so high this year and my plan is holding my bitcoins until the next year. Tbh i'm nervous and afraid what will happen on bitcoin in the future because the price is surprisingly high rn.

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November 25, 2017, 05:32:18 AM
 #22

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

Gotta say it's all happened considerably faster than I was expecting. My plan was to stay put until 2020 and then have a think and that hasn't changed yet.

I am starting to wonder what the next bear market will look like though. It's easy to savour five figures when everything's on the up. When people can't drop that shit fast enough is when the real mettle is tested.

I'm stuck between 2 choices, whether to dump now and buy later or just keep holding. My average buy price is well under the current value and i doubt it'll ever crash to that figure, so i'm a lot more free on my decisions regarding bitcoin price.

And the events that happened this year has definitely led to this as well. Before this i was planning on holding it for at least a decade without worrying much about the short term trends, but this trend is just so huge that i can't ignore it.

I guess i'm going to wait till at least $10k before dumping any.
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November 25, 2017, 05:42:42 AM
 #23

No plans on selling until I have seen charts that says I will make a decent profit of 5x or higher. You may think I am greedy but It is reasonable. Since most happenings recently lead to bitcoin and ethereum rising, decided to hold and soon enough will reach my target. People are starting to realize the advantages of cryptocurriences for daily usage and now they are thinking to exchange their fiat to bitcoin. This the the beginning of our golden age and I better be part of it.

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November 25, 2017, 07:41:13 AM
 #24

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

i always cash out something at each step of the way when there is a rise. but i never cash out  completely. that is how a low risk strategy should be in my opinion.
to tell the truth this rise, specially when it is this fast, is very scary but also missing out on all the possible prices in the future is even scarier.

what i do is that when there is a fast price surge i sell something to get the profit out but i try to do it on the highest price and then when the correction comes i buy back what i have sold.
That's really a great idea to follow.It would definitely help avoid huge losses when price falls down.

But i have decided to just hold my bitcoins despite small market dips as we have seen many times bitcoin price falling after reaching new heights and then immediately recovering and reaching ATH.So,i hope that even if price falls,it would not affect the journey of bitcoin price progressing.

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