Sell now and buy again at $1300.

[gentlemand]

so for me OP translates to: when price goes above 1300$ all issues are resolved and BTC can unleash its true potential ;-)

I don't think the bots and whales really care at all about the technological conditions. I'll bet a few of them don't have the slightest clue how Bitcoin works. If there's significant money to be milked then the price will rise. It wasn't far off that a couple of years ago and nothing was resolved then.

[niallo27]

I can see the op point though. A big price gain like this would mean serious respect and power for bitcoin overall and it would still be early enough to invest.

[LFC_Bitcoin]

Ummmm yeah this sounds like the most retarded idea ever. I'm ok HODLING thanks. Feel free to follow your own advice though

[lindin99]

That's an interesting approach specially since BTC reached the ~$1000 mark before but the momentum wasn't strong enough and it fell to aroud the hundreds so it's about a 75% loss if someone did that before. I think BTC has potential of hitting that mark again this year because of the increased adoption and publicity but I doubt it will go much higher.

[lixer]

That's an interesting approach specially since BTC reached the ~$1000 mark before but the momentum wasn't strong enough and it fell to aroud the hundreds so it's about a 75% loss if someone did that before. I think BTC has potential of hitting that mark again this year because of the increased adoption and publicity but I doubt it will go much higher.

Yes, bitcoin has all the required potential to hit again $1000 levels. Hopefully by the time of halving it will again reach that mark. We can witness the increased adoption of bitcoin compared to 2013, so there are lot of possibilities to a stable price above $1000 once bitcoin prices hit it.

[BitAurum]

That's an interesting approach you got there op. But what is guaranteeing that the bitcoin price won't fall after we buy.

[pissedoff]

That's an interesting approach you got there op. But what is guaranteeing that the bitcoin price won't fall after we buy.

There is no guarantee that the bitcoin price will continue to rise after you buy them. Like all investments this has risks.

[Toxic2040]

That's an interesting approach you got there op. But what is guaranteeing that the bitcoin price won't fall after we buy.

Nothing. Scientia est potestas.

[pissedoff]

so for me OP translates to: when price goes above 1300$ all issues are resolved and BTC can unleash its true potential ;-)

I don't think the bots and whales really care at all about the technological conditions. I'll bet a few of them don't have the slightest clue how Bitcoin works. If there's significant money to be milked then the price will rise. It wasn't far off that a couple of years ago and nothing was resolved then.

The bots or at least the ones who wrote the software for the bot needs to have a deep understanding of how Bitcoin works.

[jehst]

That's an interesting approach specially since BTC reached the ~$1000 mark before but the momentum wasn't strong enough and it fell to aroud the hundreds so it's about a 75% loss if someone did that before. I think BTC has potential of hitting that mark again this year because of the increased adoption and publicity but I doubt it will go much higher.

It is more comparable to buying at $32 in January 2013 or buying at $267 in October 2013.

It is surpassing the previous all-time high that indicates the momentum. It is not a difficult concept.

[Pollak]

I can see the op point though. A big price gain like this would mean serious respect and power for bitcoin overall and it would still be early enough to invest.

I don't see how this would be a good idea. What about the profits you could've made if you were just to hold right now?
Maybe when you're investing in different markets, this would work but not if you're just in it for bitcoin.

[UnDerDoG81]

Sounds like a good way to sell the bottom and buy the top..

Yeah we all did that 

[niallo27]

I can see the op point though. A big price gain like this would mean serious respect and power for bitcoin overall and it would still be early enough to invest.

I don't see how this would be a good idea. What about the profits you could've made if you were just to hold right now?
Maybe when you're investing in different markets, this would work but not if you're just in it for bitcoin.

Yes but think of all the money you would save IF bitcoin never takes off and slowly drifts away to nothing.

[Slark]

so for me OP translates to: when price goes above 1300$ all issues are resolved and BTC can unleash its true potential ;-)

Price alone is not good enough. We had price over 1000 before, and Bitcoin wasn't in its 'full potential either. If we reach over $1000 once again it will spike caused by traders, trading bots and speculators.
After that price will go immediately go down, because most of us will sell at $1000, me included.

[fravia]

i believe that in the future for example in 2 or 3 years the price might be that high so i believe that i should save all the bitcoins i have and not buy anything though if the price would go down i would loose all the money i have so i dont know what would be the best decision to do in such case

[rogerwilco]

I personally wouldn't do it because I'm not a trader, but the idea in principle isn't as unsound as everyone makes it out to be.

Obviously, if Bitcoin were guaranteed to make it to $1300, then there's no reason at all to sell until that point. But we're all constantly being told that Bitcoin is risky and could go to zero. So if you concede that point at all, then there certainly is potential value to be had by selling now.

The idea of the OP is that, if Bitcoin were to ever hit $1300, then it would likely not only be far less risky at that moment, but almost surely a great investment set to rise, say, another 3-4x. This idea is founded on the pattern that each new ATH creates a bubble that always reaches several multiples higher than the previous one. Right now, it's relatively uncertain whether such a bubble will even get a chance to form.

It's a game of perceived percentages. For example, perhaps you think Bitcoin is terribly risky now, with an 80% chance of failure and a 20% chance of achieving another bubble to, say, $3000. That's an expected return of ($3000)*(0.2) = $600 per coin. At a price of $377, that's a 59.2% return, but you also take on the risk of wildly high volatility.

But say right now you also think that, if it were indeed to reach $1300, it would almost have to be in the middle of a meteoric rise. If right now, you think that hitting $1300 would provide a 20% chance of failure and an 80% chance of reaching $3000, then the expected return would be (3000)*(0.8) = $2400 per coin. At a price of $1300, you get an expected return of 84.6%, not just a higher percentage but also with lower volatility. A much better buy.

Of course, all of this analysis depends not only on your perception of the asset, but on your perception of your future perception of the asset. If this doesn't match your perception, then this strategy isn't for you.

Edit: There's also the time factor. Who knows when that 59.6% will happen, as we're currently waiting indefinitely for a new bubble. But the 84.6% would be gained during a bubble that already started, and so would be pretty much instant.

[lexuz]

so for me OP translates to: when price goes above 1300$ all issues are resolved and BTC can unleash its true potential ;-)

Price alone is not good enough. We had price over 1000 before, and Bitcoin wasn't in its 'full potential either. If we reach over $1000 once again it will spike caused by traders, trading bots and speculators.
After that price will go immediately go down, because most of us will sell at $1000, me included.

If we hit price over $1000 again, yeah many people will sell but not all because in the other side some people will thinking bitcoin can touch level more than $1500

[onemorexmr]

so for me OP translates to: when price goes above 1300$ all issues are resolved and BTC can unleash its true potential ;-)

Price alone is not good enough. We had price over 1000 before, and Bitcoin wasn't in its 'full potential either. If we reach over $1000 once again it will spike caused by traders, trading bots and speculators.
After that price will go immediately go down, because most of us will sell at $1000, me included.

i think the market decides if these issues are resolved or not.
if we go above latest ATH without any changes dont you think that the market just said: bitcoin is fine as-is?

[chesthing]

I'm a shit trader, but this advice makes me look brilliant.

[hunnaryb]

Given the eyes on Bitcoin now. It would be hard to believe we'll see anywhere near 1000 for a good while.

I'm sorry for all the people who bought high, but right now, its already above a fair price for BTC.