spiritglove (OP)
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January 06, 2017, 07:53:23 PM Last edit: January 06, 2017, 08:19:53 PM by spiritglove |
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I know we are currently seeing the fall of coin prices, and many of us may think to get out while the getting is good. Well if you need the money, I guess that is understandable. However if your in it for the investment, and you can hold your ancie pants together during the drop. I don't need a chart to tell you that Bitcoin is on a continuing upward trend, in spite of coin price drops. Panicking and selling off not only hurts your longterm investment, but breaks the market down also. I know speculators that just made hefty purchases at high prices are losing, Don't panic there is a way to recover the loss You can sell your coin at 5% over Spot, take that money and repurchase coin at 5% under spot and resell. This way you do not lose your profit, you continue to accumulate coin and increase your holdings without purchasing more coin. Because Bitcoin will continue to move upward in spite of a few downward spikes, you can't lose. Try to convert business to accepting coin, inform them of BTC virtues, Security ( from Robbery ), Customers pay BTC fees, Goodbye to Credit, debit and Paypal fees for businesses, and it is quicker and easier than using plastic. Most important, this money will actually increase in value if saved, and can be used to generate even more income through the sale of the currency. You can't do that with American Dollars. Look at these recent events Japan accepts Bitcoin as legal tender https://www.cryptocoinsnews.com/bitcoin-accepted-japanese-users-can-soon-pay-utility-bills/Uganda First African Nation to Accept Bitcoin as Legal Tender http://afkinsider.com/135498/uganda-become-first-african-nation-adopt-bitcoin-regulations/
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Idrisu
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January 06, 2017, 08:15:21 PM |
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Market panic can impact the price of bitcoin negatively but bitcoin has a strong foundation for recovering back. My experience in trading has thought me some lessons, one of the lesson is identified market trends and trade along the trends until the market is extremely over bought or over sold. Coin may be felling recently because of panic but market outlook for bitcoin is very positive and that is what matters.
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spiritglove (OP)
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January 06, 2017, 08:24:50 PM |
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Dude you are so right, if your a Bitcoin investor, then you should be trading and repurchasing and re-trading all of the time. It is the only way to profit in spite of price drops. You protect your investment by selling and re-buying, This way you continue to garner a profit, increase the value of your long term investment. The price drops don't mean much if your constantly rotating. your coin.
If you want to buy and just sit on the coin, you will have to be very patient, expect to wait around 2 years before it is really worth selling off. Buy and sell buy and sell that is how you win in this game.
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spiritglove (OP)
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January 06, 2017, 08:29:05 PM |
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Well if things have gotten that bad, an apocalyptic scenario is one where the Internet may not even be a functioning network any longer. On the other hand "IF" shit gets so bad, like you say then markets will collapse and coin value might plummet into the ground. IT would be easy to hide, and hard to steal. Here is some ammunition for your sales Pitch in 2036 there is the likelihood that the earth could get hit by an asteroid that we share a path around the Sun with. The Asteroid Apophis crosses the Earths path twice a year, and comes close to the Earth every 6 years. It is expected to pass safely "JUST UNDER OUR ORBITING SATELLITES " in 2029 and the NASA near Earth Object Program has not calculated the possibility of impact, for 2036. They said it was calculated to be a safe pass in January 2013, then 3 months later recanted and said "WE DON"T KNOW" Recovery if any, is harder to calculate.
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trigger1975
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January 06, 2017, 08:59:10 PM |
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… but never try to catch a falling knife and don't try to be smarter as the market ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) SCNR. //alex
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deadsilent
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January 07, 2017, 02:05:59 AM |
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I really dont care bout the price falling down. It will just recover quickly again anyway. We have been through this before and this is a normal for me. Everyone can buy and dump their bitcoin. We cant do anything bout that. We cant stop them to sell their btc.
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JeffBrad12
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January 07, 2017, 02:12:02 AM |
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I really dont care bout the price falling down. It will just recover quickly again anyway. We have been through this before and this is a normal for me. Everyone can buy and dump their bitcoin. We cant do anything bout that. We cant stop them to sell their btc.
It will recover but not for over $1000 again. At least it's will be back to the previous price before the bubble was happening. Who the peoples are not selling his bitcoin @$1100++ They will need wait about some years later to see the price will be back over $1000. I don't think if this is an effect by the massive adoption but more likely to call it manipulate the price.
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davis196
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2017, 01:12:16 PM |
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I know we are currently seeing the fall of coin prices, and many of us may think to get out while the getting is good. Well if you need the money, I guess that is understandable. However if your in it for the investment, and you can hold your ancie pants together during the drop. I don't need a chart to tell you that Bitcoin is on a continuing upward trend, in spite of coin price drops. Panicking and selling off not only hurts your longterm investment, but breaks the market down also. I know speculators that just made hefty purchases at high prices are losing, Don't panic there is a way to recover the loss You can sell your coin at 5% over Spot, take that money and repurchase coin at 5% under spot and resell. This way you do not lose your profit, you continue to accumulate coin and increase your holdings without purchasing more coin. Because Bitcoin will continue to move upward in spite of a few downward spikes, you can't lose. Try to convert business to accepting coin, inform them of BTC virtues, Security ( from Robbery ), Customers pay BTC fees, Goodbye to Credit, debit and Paypal fees for businesses, and it is quicker and easier than using plastic. Most important, this money will actually increase in value if saved, and can be used to generate even more income through the sale of the currency. You can't do that with American Dollars. Look at these recent events Japan accepts Bitcoin as legal tender https://www.cryptocoinsnews.com/bitcoin-accepted-japanese-users-can-soon-pay-utility-bills/Uganda First African Nation to Accept Bitcoin as Legal Tender http://afkinsider.com/135498/uganda-become-first-african-nation-adopt-bitcoin-regulations/I agree,but we can`t stop people to sell their coins when they panic. The new year bitcoin price was a little speculation bubble caused by China traders. This has nothing to do with bitcoin growth,development and mass acceptance.
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X-ray
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2017, 01:32:11 PM |
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Market panic which trigger panic selling, FUDers, and another strange creatures could affect bitcoin and drive its price lower than it should be,but there's nothing we can do as we're actually just an ordinary bitcoin users whose wealth is not as much as those whales who's now already ruling the exchangers and could make a significant price changes by their appearance and activities.
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beerlover
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January 07, 2017, 02:38:51 PM |
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Yes, probably there is a sentiment of bitcoin price levels like it will peak around $1150 alone. If we happen to see again $1000 or $1100, then we can huge sell off unlike what we have seen by this new year.
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BitcoinHodler
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January 07, 2017, 03:17:48 PM |
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first of all market panic can only last for long. it is not going to be like this forever, and not everyone is panicking by the way. those who are called weak hands panic and dump their hands so fast and get flushed out immediately.
second of all the method you are suggesting to sell at 5% and buy back at 5% is not as easy as you make it sound like, it actually is hard and the more volatile the market gets it becomes harder to do this because swings are not predictable and big.
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Zadicar
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January 07, 2017, 05:13:00 PM |
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Its is part of making money on bitcoin and if you are smart enough on trading it then you will surely gain profits but seeing the situation here mentioned by OP that in able to recover your losses because of panic selling then you will surely do hedging on bitcoin price movement getting small percentage profits on each movement.
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xuan87
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January 07, 2017, 05:17:15 PM |
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It is true that market panic can make the price go down, because there will be a lot of people selling because they afraid the price will fall down lower again, but according to the expert in trading, when they see the panic sell it is the best time to buy, so yes market panic can make the price go down but you can also find a way to make profit even when the price go down
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lionheart78
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January 07, 2017, 09:53:12 PM |
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Its is part of making money on bitcoin and if you are smart enough on trading it then you will surely gain profits but seeing the situation here mentioned by OP that in able to recover your losses because of panic selling then you will surely do hedging on bitcoin price movement getting small percentage profits on each movement.
Definitely, smart traders always wanted this thing to happen. Weak hands will sell out because of the fear of losing the value of what they are holding. Hedging is somehow a good strategy but actually very difficult to do. It actually takes much of the time unless we have bot to setup the setting of buying coins when the price goes down x percentage and selling it when price goes up at equivalent x percentage. I actually do this kind of stuff in altcoin trading and actually it works like a charm if you have lots of time or focus in trading.
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trigger1975
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January 07, 2017, 10:32:14 PM |
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Its is part of making money on bitcoin and if you are smart enough on trading it then you will surely gain profits but seeing the situation here mentioned by OP that in able to recover your losses because of panic selling then you will surely do hedging on bitcoin price movement getting small percentage profits on each movement.
Definitely, smart traders always wanted this thing to happen. Weak hands will sell out because of the fear of losing the value of what they are holding. Hedging is somehow a good strategy but actually very difficult to do. It actually takes much of the time unless we have bot to setup the setting of buying coins when the price goes down x percentage and selling it when price goes up at equivalent x percentage. I actually do this kind of stuff in altcoin trading and actually it works like a charm if you have lots of time or focus in trading. So, you are not using any kind of signals, trend indicators or equivalent? Just simple "price drop x% --> buy, price rise y% --> sell"? Interesting that this works like a charm as a bot never knows the market around him. But that reminds me on a MtGox bot I was using 2011. Simple: buy limit @current price - 0.5% and after that was settled, sell limit @buy price + 0.5%. Had this running for 3 months and it gained me ~20%. //alex
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bitbunnny
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January 07, 2017, 10:35:18 PM |
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There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
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HaXX0R1337
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January 07, 2017, 10:39:23 PM |
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Fear is one of the main factors i am making a living ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ,it was obvious that the price would come down after the rally and on what news was the big question and we have our answers,it is because of the chinese ,the price will ride in the current price for some time and after a while the rally again continues.Nothing surprising folks.
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trigger1975
Full Member
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Activity: 252
Merit: 113
NFTs on Sale: https://bit.ly/2POlV17
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January 07, 2017, 10:48:45 PM |
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There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
If one has invested some decent amount of money at let's say 1050 US$ and saw the movement after it bounced at the ATH, I totally understand that this guy was in fear and did panic selling. If one loses 20% of his investment within 4 hours, I understand anybody selling off any asset in panic. //alex
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cryp24x
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January 07, 2017, 11:29:01 PM |
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There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
If one has invested some decent amount of money at let's say 1050 US$ and saw the movement after it bounced at the ATH, I totally understand that this guy was in fear and did panic selling. If one loses 20% of his investment within 4 hours, I understand anybody selling off any asset in panic. //alex Anyone would worry if someone bought at $1100 in a huge volume and then after one day price goes down at around 20%. It is not normal so the first thing in mind of this person would be selling at the next increase to cut the losses. But people who are in for the long run really would not be bothered.
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