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AlexBits
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October 07, 2016, 03:58:51 AM |
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Dumping is not the a good thing to do in the overall with the bitcoin, I think right now its more the time of holding because it has a good future and it will also rise to a higher amount in a couple months if we have to believe some speculators.
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maudevang
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October 07, 2016, 04:20:06 AM |
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The price is okay, its depending on what price you bought and also what you want to do if you want to make profit right now selling is an option if you have the chance to wait longer you should do that because it has a good future.
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MyBTT
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October 07, 2016, 04:31:03 AM |
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I'm holding about 21 bitcoin collectively with my family. Trying to go for the long-term, however if we happen to need the fiat we might be forced to sell.
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martinacar
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October 07, 2016, 08:10:25 AM |
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Long term goals are what fit the profile of bitcoin the best, bitcoin is slowly ricing and with every halving actually getting better.
Long term would be best just invest fiat into bitcoin and wait for the values to go up while watches the prices every day to be up to date.
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Xenophoto
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October 07, 2016, 08:22:45 AM |
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Definitely do long term goals. Bitcoin will rise over time and if you really want to earn some good amount of profit, then you'll have to wait for a long time. Dumping today might make some profit to you but it's not as much as you'd earn when you wait for years.
But if an emergency comes, you should have some Bitcoins reserve for that so not all of your Bitcoins will be gone and all of the time that you waited will just go to waste.
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newcoins1978
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October 07, 2016, 08:53:23 AM |
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I find dumping or day to day trading a bad strategy for making money. Ofcourse you'll make profit but you'll miss out often on even more profit like that.
I wouldn't dump and just put a long term goal for yourself gathering x amount of bitcoin before x amount of time.
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harizen
Legendary
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Activity: 3122
Merit: 1398
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October 07, 2016, 08:58:26 AM |
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Definitely do long term goals. Bitcoin will rise over time and if you really want to earn some good amount of profit, then you'll have to wait for a long time. Dumping today might make some profit to you but it's not as much as you'd earn when you wait for years.
But if an emergency comes, you should have some Bitcoins reserve for that so not all of your Bitcoins will be gone and all of the time that you waited will just go to waste.
Long term goals is not always "We don't have to dump at the moment". We can able to make a huge profit out of price increase panic which the average increase is about $100-$200. We can considered to dump our coins in that moment. No worries about the buy back since there is always a price decrease rally after the huge increase. By taking advantage of the price fluctuations that's happening in bitcoin, we are building long term goals of investment with this kind of crypto. |
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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October 07, 2016, 09:00:59 AM |
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I find dumping or day to day trading a bad strategy for making money. Ofcourse you'll make profit but you'll miss out often on even more profit like that.
I wouldn't dump and just put a long term goal for yourself gathering x amount of bitcoin before x amount of time.
People selling a certain amount of coins to secure profits, or doing day trading, or trading in general, mostly have several balances for each a different purpose. If they secure profits, it doesn't mean they run out of coins. They have much more since it's only a small percentage that they sell. |
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Denker
Legendary
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Activity: 1442
Merit: 1014
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October 07, 2016, 09:07:36 AM |
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i wants that no dump in the bitcoin rate should take plce because i am.a local trader . i usually smbuy and sell btc from my clients , so big dump will distrub my trading . so i think stability is best in price .
The market doesn't care what you want or not! That's the most important rule you have to learn!You as a small individual will have no influence on the market. So always be prepared for situations you don't like to happen.Therefore always have a plan b! And no stability is not the best. People who invest now want to see profits, as usual.Therefore the best has to rise in the future, otherwise people who see Bitcoin as an investment, and that's the oveall majority of users at the moment, will dump it and put there money somewhere else, which of course would result in a decrease of Bitcoin's value. Bitcoin is still far far away from being a currency.We will have volatility for many many years.And as long as it is an upwards volalitlity I'm pretty fine with that. |
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DeathAngel
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October 07, 2016, 10:37:52 AM |
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Definitely do long term goals. Bitcoin will rise over time and if you really want to earn some good amount of profit, then you'll have to wait for a long time. Dumping today might make some profit to you but it's not as much as you'd earn when you wait for years.
But if an emergency comes, you should have some Bitcoins reserve for that so not all of your Bitcoins will be gone and all of the time that you waited will just go to waste.
Agree with all of this, day trading is a fools game. The only way to make serious money in bitcoin now for the amateur guy is to HODL & wait for a significant price increase. |
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Zadicar
Legendary
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Activity: 1316
Merit: 1020
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October 07, 2016, 10:41:09 AM |
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I find dumping or day to day trading a bad strategy for making money. Ofcourse you'll make profit but you'll miss out often on even more profit like that.
I wouldn't dump and just put a long term goal for yourself gathering x amount of bitcoin before x amount of time.
People selling a certain amount of coins to secure profits, or doing day trading, or trading in general, mostly have several balances for each a different purpose. If they secure profits, it doesn't mean they run out of coins. They have much more since it's only a small percentage that they sell. Day traders .r bitcoin traders are commonly do these things because in this way they could make profits even bitcoins price would move even how many dollars only. You are right they have lots of coins and they are trading only on small amounts and sell or buy it on the best time on bitcoins price points. |
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ultrloa
Legendary
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Activity: 2744
Merit: 1226
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October 07, 2016, 11:07:20 AM |
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Definitely do long term goals. Bitcoin will rise over time and if you really want to earn some good amount of profit, then you'll have to wait for a long time. Dumping today might make some profit to you but it's not as much as you'd earn when you wait for years.
But if an emergency comes, you should have some Bitcoins reserve for that so not all of your Bitcoins will be gone and all of the time that you waited will just go to waste.
Agree with all of this, day trading is a fools game. The only way to make serious money in bitcoin now for the amateur guy is to HODL & wait for a significant price increase. We can't blame them if they sell their coins maybe they are been satisfied for the little result and little profits but i think it cannot effect the price if they are just a small chicken on that basket, but if they are big holders well provably selling all they've got is the baddest thing they could do since they can make the price breaks, but really if they believe the bitcoins legacy i think its better to hold this coin for more longer years since the price has high chance to regain like on what happen back on 2013, |
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Doms
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October 07, 2016, 11:36:10 AM |
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Right now, I can see that the price is slowly rising, just don't know if this is going to last. For those who bought at about $700 or higher, their patience are surely being tested with the slow climb back to those levels. We might not even see the price that $700 again this year. But for long term holding, I think there's still a good chance that they can profit once the price starts to go upward.
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LarryHocks
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October 07, 2016, 09:17:24 PM |
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Long term investing is the way to go because you can make some good money with it and I think that its very profitable if you are doing it on a good and safe way.
Dumping right now is not the answer.
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Piltover
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October 08, 2016, 01:11:03 AM |
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I must say that long term goals are for me the thing due to the fact that it has a nice future so I think its good to go for long terms.
Dumping is also profitable but if you know that its gonna rise more its worth to go long term.
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carlfebz2
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October 08, 2016, 02:49:31 AM |
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I must say that long term goals are for me the thing due to the fact that it has a nice future so I think its good to go for long terms.
Dumping is also profitable but if you know that its gonna rise more its worth to go long term.
For me i would choose both because i love to see profits either on short or long terms  . I have enough money to invest on bitcoin which some of my holding are being kept and never intend to touch it no matter what because they are for future investments and also im doing short trading because i really like to see profits and dont wait for long time. |
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Snorek
Legendary
Offline
Activity: 1400
Merit: 1001
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October 08, 2016, 03:28:36 AM |
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I am a position trader, therefore I am not satisfied with small fluctuations of price. Waiting for huge wave is the only interesting part of investing in BTC IMO.
I will probably dump my coins at some point, most definitely when price will reach our previous ATH - as I don't believe BTC price of +$1200 will sustain itself.
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Caladonian
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October 08, 2016, 04:03:54 AM |
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I must say that long term goals are for me the thing due to the fact that it has a nice future so I think its good to go for long terms.
Dumping is also profitable but if you know that its gonna rise more its worth to go long term.
which really hard to know good exit and entry with btc fluctuation its profitable if you come in with the right timing but if does not much better to keep hold and wait until it reach your goal amount. |
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Yakamoto
Legendary
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Activity: 1218
Merit: 1007
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October 08, 2016, 04:46:05 AM |
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I personally am hoping that I'll be able to use Bitcoin over a longer period of time rather than a simple and quick use-n-lose thing for me, and I am all for working for the longevity of Bitcoin and keeping everything going.
I'm more interested in starting my own Bitcoin-related business and getting everything rolling that way, and then keeping Bitcoin relevant and expanding the community so more people use it more consistently.
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Leonard2016
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October 08, 2016, 05:03:29 AM |
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I must say that long term goals are for me the thing due to the fact that it has a nice future so I think its good to go for long terms.
Dumping is also profitable but if you know that its gonna rise more its worth to go long term.
which really hard to know good exit and entry with btc fluctuation its profitable if you come in with the right timing but if does not much better to keep hold and wait until it reach your goal amount. it is not that hard if you are not that greedy when it comes to buying or selling. you can set a fixed amount of profit for yourself and then buy at a low price and sell when you hit that profit and not be greedy for higher profit and hold longer. |
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