Who will be selling at 450 range (today)

[lightfoot]

Well, I bought a Steam game for 1.5 bitcents. I know, sometime when that would buy a mansion I will question my decision, but it was the quickest option at the time....

[lumeire]

I sold some coins a bit before Christmas to buy a gift. I just though I'd buy back sometime in January. I'm just hoping it stays at this floor till early next year.

[abs350]

You guys realize that these days bitcoin is traded by a completely different crowd to even just a few years ago.

Back in the day most traders were amateurs. Hell you could even manipulate the price through a post on these forums.

These days most of the traders are either pro's (hedge funds or ex HF traders) or algorithms. And these HF guys and algorithms don't buy btc in isolation. They buy depending on their view of the wider economy just like they buy gold/oil/EUR ....

Basically btc will only go up if the economy goes bad in some way, just like gold. When the economy is in trouble btc or gold start going up. There's no other reason why the price will go up.

So all these speculation or chart analysis is useless. If you buy btc basically you are betting the wider economy will go down. Cause thats the only way btc price will go up. Lets quit any of this bullshit TA or stuff. Btc is now the same as gold in terms of its investment category.

Also just fyi many of these HFs have supercomputers and algo's analyzing billions of data on the economy, even using satellite imagery of parking lots to go behind their trading decisions. Not to say you cant win again 'em but just so you know.

[MatTheCat]

So all these speculation or chart analysis is useless. If you buy btc basically you are betting the wider economy will go down. Cause thats the only way btc price will go up. Lets quit any of this bullshit TA or stuff. Btc is now the same as gold in terms of its investment category.

Yet, I can think of a few traders that I have witnessed do rather well in Bitcoin, utilising, you guessed it, TA!

Of course, a distinction should be made between TA, and drawing some pretty coloured lines and graphs on a market chart.

[disclaimer201]

The crowd that trades seems to have changed indeed. But from what I read here on the speculation forum it has become more unprofessional and amateurish. I believe a lot of regular people are using BTC to play around with trading that have not informed themselves enough about BTC but just see a chance to make a few bucks. It's totally brainless to ever sell all of your BTC and why would you do that at 450? Totally random. But go ahead, lose some money and buy back in at 500+ or wait until it goes lower (it might) but if you are unlucky, you will be waiting forever and need to buy back higher and higher. It's just bad trading. But who knows, it may be educational.

[UnDerDoG81]

So, I wonder what those morons who sold 1000 coins to crash the price yesterday did now? Bought them back? Somebody tried it again with 200 coins today and failed hardly 

[Farma]

I would wait for the price to 600, I think bitcoin prices will be more than that, maybe next year the price will be higher again, and if that happens I will sell all the coin I have 

[Amph]

So, I wonder what those morons who sold 1000 coins to crash the price yesterday did now? Bought them back? Somebody tried it again with 200 coins today and failed hardly 

yeah it does not make sense to sell at this point, it's clear that we are heading above 500, it's just a matter of when , i would only buy at current range

i learned that each time the price remain stuck for so long after a dump, there is a pump, each time it remain stuck so long after a pump there is a dump...it work most of the time

[tn211]

I  was on of the people who did not sell any bitcoin.
Why? Simple i expect the price to go up a lot after the holidays. Maybe even upto 550 dollar.
So yes holding and buying.

[Snorek]

Well, I bought a Steam game for 1.5 bitcents. I know, sometime when that would buy a mansion I will question my decision, but it was the quickest option at the time....

Never think in category of loss, you gained something at this time and that is profit for you. Price of the bitcoin is constantly changing and we have no idea if bitcoin will be extramarital expensive asset in the future.
I doubt that you will be able to buy mansion for 1 Bitcoin (not to mention 1.5 bitcent) during our lifetime.

Personally I sold some bitcoins earlier and won't be selling it anymore for now. This could be a mistake - because for whatever reason bitcoin price in January always seems to be really low.

[lixer]

I  was on of the people who did not sell any bitcoin.
Why? Simple i expect the price to go up a lot after the holidays. Maybe even upto 550 dollar.
So yes holding and buying.

I'm also. I'm expecting some bigger prices like above $2000, so there is no point in selling current level of $450. I strongly believe in halving surprises. So, I do not want to miss those life's biggest opportunities by selling now itself.

[lexuz]

I already sell all my coins today and waiting to buy again when price goes down.. i have a feeling, price will crash before end of this month

[safari88]

I already sell all my coins today and waiting to buy again when price goes down.. i have a feeling, price will crash before end of this month

prices will remain stable until the end of the year in my opinion. probably early in 2016 there was a slight decrease to $430.
I am also waiting for the price crash.

[greBit]

I think most people sold since they are afraid it will go back to 440 or even under the 400 area. I did sell too, but not all.
This pump is so weird compared to other pumps, it would make no sense they would stop at 460 USD

Yes even I sold my Bitcoin yesterday when it was more than $450 because of fear of recent dip to $430 and most of people did the same and I am just waiting for the right moment to buy more Bitcoin just wish that there won't be a major slump in the value of BTC.

[Suntouri]

I sold @ 460 im waiting 350 again

[MatTheCat]

So, I wonder what those morons who sold 1000 coins to crash the price yesterday did now? Bought them back? Somebody tried it again with 200 coins today and failed hardly 

Maybe those 'morons' are the same 'morons' who bought a big bunch of BTC down around $320, and are now cashing out at retail prices, before they take the market back down to $350, where they will again stock up?

Or who knows, perhaps the Bitcoin Cowboys (or these 'morons') have their sights set more on $280 Bitcoin?

[Wapinter]

Actually I'm HODL ! I'm sure about price rising in the next year, so, I consider that is better to save my btc than sold it in change of fiat !

I also agree with this view.I think next year in March price will touch to $800 mark.Its not the right time to sell if you can hold it,hold it till next year or repent later

[jaberwock]

I won't sell until close to the halving time.

I know I may lose some, but I won't risk don't ear much and I'm not in despair for money right now

[kwukduck]

Just sold 80 @ $456 less than an hour ago.
Waiting for around 320 at 28 december to buy back.

[MatTheCat]

Just sold 80 @ $456 less than an hour ago.
Waiting for around 320 at 28 december to buy back.

If BTC gets down to $360, that would be a fucking stunning correction. If this is a bull market, which I think it is, then $320 will be a push too far.