nuevo (OP)
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March 23, 2016, 01:36:47 PM |
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Let's assume that we reach a new ATH of $1,700, what do you do?
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BitcoinHodler
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March 23, 2016, 01:39:10 PM |
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if we reach $1700 because of the halving effect and as a bubble i will make sure to sell my bitcoin and buy back when the price went down again.
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Holding Bitcoin More Every Day
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Slark
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March 23, 2016, 01:39:46 PM |
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Let's assume that we reach a new ATH of $1,700, what do you do?
No way. There are not valid data backing 3x price increase of bitcoin just because Halving is approaching. At best it will be slight price boost - no more that $100-$150. You will be a silly wishful thinking man for believing bitcoin can go that high, it would be a short lived bubble if that ever happened in 2016.
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nuevo (OP)
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March 23, 2016, 01:42:14 PM |
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Let's assume that we reach a new ATH of $1,700, what do you do?
No way. There are not valid data backing 3x price increase of bitcoin just because Halving is approaching. At best it will be slight price boost - no more that $100-$150. You will be a silly wishful thinking man for believing bitcoin can go that high, it would be a short lived bubble if that ever happened in 2016. I appreciate that you believe I am thinking and a man, I'll take both.
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n0ne
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March 23, 2016, 02:03:56 PM |
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We can predict, none denies it. But if the price go to $1700 every user gets a opportunity to grab it in a short time as the price won't get fixed to it for a long time.
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Real-Duke
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March 23, 2016, 02:05:54 PM |
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I would sell 50% of my coins and keep the rest in my wallet
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a7mos
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March 23, 2016, 02:43:05 PM |
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If the price reaches +1000 $ after the halving, I will sell all my coins with that good profit and I may buy again after the price go down as I believe that after any high rise, the price go down again as a lot of sellers would sell
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r0ach
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March 23, 2016, 02:47:48 PM |
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I will watch the shakeout at $1700, sell at $3200, then buy the dip at $2400.
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Red-Apple
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March 23, 2016, 02:50:36 PM |
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Let's assume that we reach a new ATH of $1,700, what do you do?
i don't think this possible. buy hypothetically speaking, reaching $1700 in a couple of months means a super unstable price, so i will make sure to sell most of my bitcoins (i will never sell all of them) and buy back when the bubble is over and the price is back to normal.
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Snail2
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March 23, 2016, 03:00:00 PM |
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Without a great increase of real world demand for bitcoin, $1700 would be a short living bubble so I'd sell and buy back after it settled on a lower rate.
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Amph
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March 23, 2016, 03:16:13 PM |
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i would not sell at 1700, i would wait 10k for selling massively, and not for selling and forget but for buying more
however if there is the opportunity to sell before that mark and gain more profit easily buy re-buying back, i'll do it for sure
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ImHacked
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March 23, 2016, 03:34:12 PM |
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I will sell all my coins if that price skyrocket to $1700 but everyone knows thats not gonna happen, and if that happen, its just a bubble not too long to stay at that price.
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~Bitcoin~
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March 23, 2016, 03:34:59 PM |
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I think it is hard for bitcoin to cross all time high 1k mark because lots of trader will short bitcoin at that mark again if it reach on halving.
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| ligma | | | | ███ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ ███ ███ | | ███ ███ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ ███ | | |
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Junko
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March 23, 2016, 03:52:07 PM |
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If the price reaches ~$1200, I think a portion of the people who bought at around that price years ago during the last ATH - those who didn't already sell at a loss, ie, the ones who have been hodling since then - may well sell. Will that be a significant portion? WHo knows. Who knows if the price even goes as high as OP is assuming.
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blunderer
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March 23, 2016, 03:52:22 PM |
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$1700?! I guess a bit less smug about having sold in the $6xx back in '13. I will watch the shakeout at $1700, sell at $3200, then buy the dip at $2400.
Crappy meth. Not even once, kids, not even once...
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BellaBitBit
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March 23, 2016, 03:55:29 PM |
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If it gets that high it means there is a bubble factor and I would probably sell some due to the fact it could dip and dip quite a bit.
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I love Bitcoin
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RoommateAgreement
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March 23, 2016, 04:09:12 PM |
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Let's assume that we reach a new ATH of $1,700, what do you do?
it depends on whn we are getting there. i believe bitcoin price is going to get there and even more someday and by that point i will not sell but if it reaches $1700 in 2016 i would definitely sell because it is not stable.
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Buying the dip...
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nuevo (OP)
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March 23, 2016, 04:10:58 PM |
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If the price reaches ~$1200, I think a portion of the people who bought at around that price years ago during the last ATH - those who didn't already sell at a loss, ie, the ones who have been hodling since then - may well sell. Will that be a significant portion? WHo knows. Who knows if the price even goes as high as OP is assuming.
I think I'm interested in the psychology of the conflicting market forces is the halving. IF Bitcoin goes high(anything north of 700), you will have people taking profit but you will also have attention from those who wouldn't otherwise be interested. I guess one thing I'm excited to watch from a case study standpoint is, for every person who exits to take profit, how many will buy out of fomo(or another reason).
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Copper Member
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hee-ho.
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March 23, 2016, 04:17:11 PM |
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Let's assume that we reach a new ATH of $1,700, what do you do?
if we reach that much in less than 6 month, I'll be watching the market very closely for any sign of dumping. and buy some at the bottom.
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Denker
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March 23, 2016, 04:17:39 PM |
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Let's assume that we reach a new ATH of $1,700, what do you do?
Very unlikely to happen but if it would it could be smart to sell at the top and buy in again later. Because such a rise will definitely see some correction.So this could be a nice opportnity to increase your BTC stash or take some profits.
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