Anyone SOLD Bitcoin June 21 when price drop to 660?

[nanonymousx]

Just a mimic of the thread "Anyone bought Bitcoin June 21 when price drop to 660?"

It is quite a ride when 2016-06-21, Bitcoin took a beating dropping from 790 to 660, and 06-22, price dropped from 660 to low 500, at some point of time, it was traded below 500 at some exchanges.

This is 37% move in 48 hours. I was expecting 10% move and this is dramatic.

Did any of you sell out your position or reduce your position in the past 48 hours?

[adam48]

I was too late to sell, when I woke up and I was surprised to see the price of bitcoin down under $600. now I am stuck and expect it to rise back

[hasiramasenju]

currently the prices still continue to fall even the last prices $600 below unfortunately i didn't sell my bitcoin during the prices $660 but i won't regret my decision because this is the risk if we holding bitcoin even though i would be loss

[pacopico]

I was too late to sell, when I woke up and I was surprised to see the price of bitcoin down under $600. now I am stuck and expect it to rise back

Have you ever heard about stop losses? There is some crazy witchcraft nowadays that allow you sell or buy your shares w/ being in front on the phone or the computer at that moment. I called that option bots, what a misterious thing, hu?

[nanonymousx]

Well I was to late to sell some portion of my bitcoin I have left for trading I have sold it @650$ then bought again at 588$. I was lucky that I sold 75% of my btc stash when bitcoin was sitting at 780$ each. I just got it all for free so I don't matter if it rise or fall. 

You are a good trader, it is real that trading Bitcoin can make money or reduce the cost base of coins.
But trading also need skills.

[socks435]

I told some here before that 700 level is not the best price to buy because its high but i think many people are still buying for that price.. but don't be worry you will not lose anything if you just holding it and the price right now is increase again and back to 600 level according to bitstamp..
So this is the best time to bitcoins.. and we will see the price sooner once investors are online..

[Oralmat]

I told some here before that 700 level is not the best price to buy because its high but i think many people are still buying for that price.. but don't be worry you will not lose anything if you just holding it and the price right now is increase again and back to 600 level according to bitstamp..
So this is the best time to bitcoins.. and we will see the price sooner once investors are online..

Yes even if the price crosses 800$ do not sell your coins. the reason is simple. The halving is about 15 days away and we are hoping to see bitcoin crosses 1000$. If it didnt happen at halving, then it would never happen.