jehst (OP)
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December 03, 2015, 04:57:36 PM Last edit: July 19, 2016, 01:53:33 PM by jehst |
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Advantages: If the price reaches $1300, then there is strong momentum and it will probably go much higher. If the price doesn't reach $1300, then bitcoin failed or something seriously went wrong. You will save yourself a lot of time and money.
Disadvantages: You miss the gains from 350 to 1300
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mobnepal
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December 03, 2015, 05:45:04 PM |
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Why to loss the chance of getting profit of 1300-350= 950$ for the fear of loss of only 350-100= 250$? I can't get how you calculate that to save us from loss.
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jehst (OP)
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December 03, 2015, 05:50:00 PM |
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Why to loss the chance of getting profit of 1300-350= 950$ for the fear of loss of only 350-100= 250$? I can't get how you calculate that to save us from loss.
Calculate again. It's to save you from a loss of 100%.
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Zicadis
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Dump it!!!
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December 03, 2015, 05:55:09 PM |
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You can change your figure of $1300 to $500. Is your theory still valid? I would say, if the bitcoin price does not reach $1300 in 5 years, then it is in serious trouble.
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jehst (OP)
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December 03, 2015, 06:25:25 PM |
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You can change your figure of $1300 to $500. Is your theory still valid? I would say, if the bitcoin price does not reach $1300 in 5 years, then it is in serious trouble.
$1300 is chosen because it is above bitcoin's all-time high, which means that there is more momentum than ever indicating a new wave of adoption. This reasoning doesn't apply under $1200. Any price under $1200 could be caused by pump and dumps orchestrated by the same old cast of characters.
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dloghwak
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December 03, 2015, 06:33:47 PM |
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Good old sell low, buy high tactic.
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Amph
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December 03, 2015, 06:35:03 PM |
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i don't want to miss that gain, which x350+, on the other hand it's true that i'm not waiting for 1300 only, but if we are really going above 1300 then it's better to simply hold then doing anything else more risky, for a not-professional trader/manipulators
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RodeoX
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December 03, 2015, 06:43:37 PM |
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Advantages: If the price reaches $1300, then there is strong momentum and it will probably go much higher. If the price doesn't reach $1300, then bitcoin failed or something seriously went wrong. You will save yourself a lot of time and money.
Disadvantages: You miss the gains from 350 to 1300
>If the price reaches $1300, then there is strong momentum and it will probably go much higher. Breaking the all-time high is simply that. Doesn't imply momentum. >If the price doesn't reach $1300, then bitcoin failed or something seriously went wrong. Failed? I'd be quite happy if by this time next year, BTC traded at $1k. Wouldn't you? I would be happy finishing 2016 at $600. That would still be more growth than any other item in my portfolio. In fact, I can't think of anything likely to almost double in a year.
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escrow.ms
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December 03, 2015, 06:47:01 PM |
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It's like literally saying if you are selling now you have to buy at higher rate.
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eddie13
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December 03, 2015, 06:53:00 PM |
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Sounds like a good way to sell the bottom and buy the top..
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clever trevor
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December 03, 2015, 07:12:50 PM |
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Sounds like a good way to sell the bottom and buy the top..
It sounds like jehst has an agenda and is trying to convince us all to sell at the bottom so he can buy our cheap coins to sell back to us at the top. That would give him over 300% profit on his investment into our coins. There will be a dump if bitcoin goes above its old ATH as traders take profit.
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randy8777
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December 03, 2015, 07:26:07 PM |
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sell low and buy high. you advice people to do so, and you benefit from buying cheap coins, right? investors aren't here to lose money.
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uki
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December 03, 2015, 09:31:12 PM |
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I would be happy finishing 2016 at $600. That would still be more growth than any other item in my portfolio. In fact, I can't think of anything likely to almost double in a year.
I expect that $500-600 would be the new stable price at the end of 2016, after we finish halving mania. That is exactly the point: Bitcoin is very likely to deliver considerable return in the coming year and thus worth playing the game. Not being present at the market between $350 and $1300 as the OP suggests is like missing nearly three-fold gain (950/350). I don't think it is a wise play. I would suggest the contrarian play: think of exiting once we cross $1300.
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HarryKPeters
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December 03, 2015, 10:05:16 PM |
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Great advice, let me safe you some trouble. When it reached 1300, I will buy your coins for 350.
Because I am so generous, I will not charge you with a fee :s
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windjc
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December 04, 2015, 12:00:14 AM |
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Advantages: If the price reaches $1300, then there is strong momentum and it will probably go much higher. If the price doesn't reach $1300, then bitcoin failed or something seriously went wrong. You will save yourself a lot of time and money.
Disadvantages: You miss the gains from 350 to 1300
Is there a "Dump Post of the Year" award? If so, I nominate this one.
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maokoto
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December 04, 2015, 12:14:29 AM |
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I think this guy is somewhat joking. I think he means many people sell for low profit and then want to get in again when price is too high.
That is why he says ... sell now buy again at 1300.
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gentlemand
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December 04, 2015, 12:23:29 AM |
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Hmm. Four or so times less coins for the same money? That's not exactly the deal of the century. I'll take the risk, ta.
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ajareselde
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December 04, 2015, 05:06:06 AM |
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Not really "pro" advice here in op. If anyone wants to gain by trading, they should do it while bitcoin had somewhat low price, because price move (% - wise) of 10$ now and when price goes to >1000 is three times greater. I wouldn't debate much when it comes to probability of good speculative buying, for me everything under 500$ is a steal.
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azguard
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December 04, 2015, 08:27:19 AM |
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maybe OP meant to say buy now and sell on 1300 when halving comes we all gain from buy cheap and sell high i dont know how he gain from buy high and sell cheap
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MaxTax
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December 04, 2015, 10:04:30 AM |
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If I would buy at $1300 I would've lost out on the profits I could've made when today the price is around $360.
I would rather buy in now rather than later.
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