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zkay (OP)
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March 09, 2013, 05:17:36 PM |
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See title. How long does the price need to be stable before you'll buy back in? Is this a bear trap? Is the subsequent run up a bull trap?
I sold at $45.50 and I am very hesitant to buy back in above what I sold at. I think I will wait at least a week, if not a few weeks, to get back on the train.
After all, if it's going to the stars, what's a few percent profit?
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lebing
Legendary
 Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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March 09, 2013, 05:20:55 PM |
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After all, if it's going to the stars, what's a few percent profit?
exactly. It will hurt more to lose out on gains than it will feel good to make a bit on the right trade. Its also very, very difficult to do that in the bitcoin market. |
Bro, do you even blockchain?
-E Voorhees
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mccorvic
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March 09, 2013, 05:21:11 PM |
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I will continue to buy my normal $ amount of bitcoin at a time, regardless of price.
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dopamine
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March 09, 2013, 05:21:40 PM |
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im buying till $100  |
Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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1Pakis
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March 09, 2013, 05:23:48 PM |
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sold at 45 buying in if we break 50 or 30
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Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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neoivan1987
Newbie
Offline
Activity: 30
Merit: 0
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March 09, 2013, 05:29:23 PM |
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sold at 45 buying in if we break 50 or 30
+1 I sold at 43$ |
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nobbynobbynoob
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March 09, 2013, 05:30:43 PM |
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I love bitcoin, but with the current trends I'm sticking to cheap stuff like gold and silver for now. |
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dopamine
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March 09, 2013, 05:35:30 PM |
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I love bitcoin, but with the current trends I'm sticking to cheap stuff like gold and silver for now. I still don't understand why you cant have both... DIVERSIFY but I would be buying alot more bitcoins if I was living in the US because you can't take silver with you when you flee the country if and when the US dollar collapses. |
Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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mccorvic
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March 09, 2013, 05:48:27 PM |
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I love bitcoin, but with the current trends I'm sticking to cheap stuff like gold and silver for now. Yes, I too prefer to lose money on my investments. Wait, no I don't. |
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Vladimir
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March 09, 2013, 05:57:21 PM |
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bears are worried, apparently
yep you should be
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CurbsideProphet
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March 09, 2013, 06:04:28 PM |
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See title. How long does the price need to be stable before you'll buy back in? Is this a bear trap? Is the subsequent run up a bull trap?
I sold at $45.50 and I am very hesitant to buy back in above what I sold at. I think I will wait at least a week, if not a few weeks, to get back on the train.
After all, if it's going to the stars, what's a few percent profit?
We've seen a million of these threads at different increments. Psychological barriers, retracements, testing old highs, bear trap, bubble, etc. etc. Everyone looking to call a top and so far being wrong. Will someone eventually correctly call a top? Of course, even broken clocks are right twice a day. But really, what's the point of putting so much effort and agonizing over as you say, "a few percent profit." My feeling is you either believe in Bitcoin or you don't. Invest what you can afford to lose, we're still in the early adoption phase for 99% of the population. You can take profits now but really, what is a few hundred or thousand dollars going to do for you? Is it going to change your life? Probably not. The way I see it, either we're part of something really revolutionary or we lose our investment (but we're not investing more than we can afford to lose right? So why sweat it). I'm sure there are many day traders here just to make a buck. That's fine, but those types aren't going to be answering these random polls/threads. You need to ask yourself why you're here and make an investing strategy accordingly. |
1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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Piper67
Legendary
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Activity: 1106
Merit: 1001
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March 09, 2013, 06:07:28 PM |
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Stability? You'll be waiting for a while, son. Buy Bitcoins. Spend Bitcoins. If you spend, buy some more to compensate. Any Bitcoin purchased for these prices is a good deal in 2015  |
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nobbynobbynoob
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March 09, 2013, 06:13:11 PM |
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I still don't understand why you cant have both...
There's no reason at all.  I want to get into Au/Ag a bit because I don't have any serious holdings in them, whereas I already have a handful of BTC and the BTC has tripled up almost overnight. |
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zkay (OP)
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March 09, 2013, 07:14:31 PM |
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sold at 45 buying in if we break 50 or 30
+1 I sold at 43$ Excellent strategy, covered both ways! I think I will try to stick to this too, but I might move the low end up to $33 just because that was the low the other day. As far as the long haul investment goes, I am right there with all of you! I am simply trying to expand my USD holdings in order to then turn around and turn them into BTC. Thank you for the thoughtful replies, everyone. |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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March 09, 2013, 07:31:20 PM |
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sold at 45 buying in if we break 50 or 30
+1 I sold at 43$ Excellent strategy, covered both ways! I think I will try to stick to this too, but I might move the low end up to $33 just because that was the low the other day. As far as the long haul investment goes, I am right there with all of you! I am simply trying to expand my USD holdings in order to then turn around and turn them into BTC. Thank you for the thoughtful replies, everyone. Every penny acquired in this bull run will get straight back into BTC between here and $20  |
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zkay (OP)
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March 09, 2013, 07:37:56 PM |
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sold at 45 buying in if we break 50 or 30
+1 I sold at 43$ Excellent strategy, covered both ways! I think I will try to stick to this too, but I might move the low end up to $33 just because that was the low the other day. As far as the long haul investment goes, I am right there with all of you! I am simply trying to expand my USD holdings in order to then turn around and turn them into BTC. Thank you for the thoughtful replies, everyone. Every penny acquired in this bull run will get straight back into BTC between here and $20 And why not? Even with a crash of that magnitude, it has performed great! Though if I get over a certain amount, I intend to either buy a firearm or a refridgerator, not quite sure which yet. |
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Severian
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March 09, 2013, 07:46:02 PM |
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My feeling is you either believe in Bitcoin or you don't. Invest what you can afford to lose, we're still in the early adoption phase for 99% of the population. You can take profits now but really, what is a few hundred or thousand dollars going to do for you?
I'm also buy and hold but we do have to recognize that the short term speculators add liquidity to Bitcoin and are helping to push up the price overall. Even when the price tanked into the 30's the other day, many still didn't lose any of the gains in their holdings. We're all speculating on this anyway when it comes down to it. |
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samson
Legendary
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Activity: 2097
Merit: 1068
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March 09, 2013, 08:18:39 PM |
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I'm going to wait until late Sunday and then I might buy back in depending on how it looks.
All over these forums everyone's been talking about the massive weekend dip / crash / correction. So far there's been nothing apart from a seemingly controlled fluctuation around the $44 - $46 range.
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jwzguy
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March 09, 2013, 08:29:41 PM |
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After all, if it's going to the stars, what's a few percent profit?
I am not advising a change in your strategy, however, you may want to think a little more carefully about this bit. If it's going to the stars, a few percent ends up being HUGE. If it doesn't go up much, -then- a few percent won't be a significant amount of actual value. |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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March 09, 2013, 08:39:43 PM |
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It won't go up forever like this. In terms of risk/reward, it is always better to get in at a low assuming that BTC will always go up in the near future. Currently, all indicators are red hot, so if you have balls you could wait a little longer before stepping in. Remember, sellers have the same fear, but the other way around (should I sell now or will the price increase?).
Things that cannot go on, will not go on. This extreme rise in price will end sometime; the indicators will cool off in some form of price correction. I will be ready.
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