"My re-entry price is now essentially fixed at $1250 regardless of how low the price goes"
Vinny Lingham shows commitment, i like that.
Although i'm involved in BTC for a year now, I'm quite a newbie.
Therefore my question might sound a little bit naive, but anyway:
Why is the price of BTC still rising, despite the threat of a hardfork & the heavy FUD/panic selling associated with this ?
Some influential people in the Bitcoin-Universe even seem to be excited about BU, because they think it's a good move to get rid of the bad elements.
Because it is the same story like back in August 2015. Just with different actors.
Of course it is strong enough to shake the new weak hands, who entered Bitcoin at some point of its more than a year long bull-trend and never experienced strong FUD. It is also working for long-time holder like Dafar, who are now too much financially invested in Bitcoin, due to the price rise, to keep a clear head. But on the other hand, it might also be a good idea to play it safe.
I was buying the dip at 950$.
Definitely feel terrible for selling... im sorry bitcoin
Dafar, you are currently too emotional when it comes to Bitcoin. Don't buy back at a loss. The price could easily swing back down to retest the 950$ bottom. Don't let the hardfork FUD impact you that much, it is the same story like it was in august 2015, when the price crashed from 270$ down to 170$(at Bitfinex). What I learned from that is: hardfork FUD is always a great buying opportunity.
I managed to catch the dip at 950$ and increased my trading stash by 25%. Now I am again at 15% profit. All coins are now back in cold storage, riding the swings for the next 12 months until they are taxfree again.
Obviously I was just lucky and I have no idea what I am doing.
@Shannen Just compare it to the situation from the 7th august.2016. At that time the scaling debate was under full force and many expected a hard fork zu happen, the uncertainity+fear+fud lead to a low price. Even though nothing happened after that, Bitcoin started its bull trend.
https://i.imgur.com/56PHuIE.png
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