york780 (OP)
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February 24, 2017, 03:11:36 PM Last edit: February 24, 2017, 07:01:36 PM by york780 |
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Guys, i always bought & sold and bought back. With this strategy I made quite some nice profit. Big dumps like before less likely (PBOC defeated, no Gox anymore, increasing demand etc ) . So maybe it it time to change my strategy to buy & hold + buy more After the ETF dicision I will stop selling my coins for a couple years at least. What do you guys think ?
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BrewMaster
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There is trouble abrewing
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February 24, 2017, 03:59:57 PM |
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in general and after all i have done i always end up buy and hold bitcoin and take some of the profit out. at this point i think it is a good idea to only buy and hold at least until the ETF fate is determined if it is accepted then good. if not you can sell some then and buy back again with more profit.
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There is a FOMO brewing...
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Johnny00
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February 24, 2017, 05:23:15 PM |
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unlikely to be approved. The US doesnt like Chinese control of the market.
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maker88
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February 24, 2017, 06:54:12 PM |
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unlikely to be approved. The US doesnt like Chinese control of the market.
If the last month has proven anything it is that the Chinese have no control over the market. They have lagged behind in price the whole time, and haven't led ant dumps or breakouts. China's influence is over and done with.
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cakravothy
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February 25, 2017, 01:13:20 AM |
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the best strategy is buy and sell, if profit sell it because use this strategy can compound system
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | | | CHAIN JOES | | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | ✨ | | | | | | | ✨ | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | 📝 | |
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JimboToronto
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You're never too old to think young.
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February 25, 2017, 01:29:45 AM |
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The best strategy is to buy and hold. Don't sell unless you absolutely must.
Every coin tucked away offline in a paper wallet reduces the supply available to those who wish to buy, whether it be to actually use them or merely gamble ("trade") with them.
Less supply = higher price.
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Meuh6879
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February 25, 2017, 01:30:05 AM |
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We make the network of money for the next 30 years. This 8 years, it's nothing. And it's good.
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bohr
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February 25, 2017, 02:04:54 AM |
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The best strategy is to buy and hold. Don't sell unless you absolutely must.
Every coin tucked away offline in a paper wallet reduces the supply available to those who wish to buy, whether it be to actually use them or merely gamble ("trade") with them.
Less supply = higher price.
I agree, if you need to sell then sell, but if you can hold then by all means do it, since at the time it seems bitcoin can go in a long rally and it is a good idea to try to be in it for the most time possible.
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davis196
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February 25, 2017, 12:18:02 PM |
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The best strategy is to buy and hold. Don't sell unless you absolutely must.
Every coin tucked away offline in a paper wallet reduces the supply available to those who wish to buy, whether it be to actually use them or merely gamble ("trade") with them.
Less supply = higher price.
There are people who buy bitcoins offline,so i can`t agree with this "less supply=higher price" thing. Bitcoin supply isn`t reduced,the mining continues.Btc demand is increasing. The buy and hold strategy is the best,but i`m too afraid to hold my bitcoins for a long time. Anything can happen,someone can hack my wallet or Localbitcoins account or i might forget my password because i`m stupid.
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Seansky
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February 25, 2017, 12:29:28 PM |
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For me I think your strategy was quite good enough as it is now. Buying more then holding is not that of a good choice yet since right now the price is high and there is still the possibility that bitcoins price will dump so for me the best strategy right now is what you are currently doing now OP buying at dump and selling at pumps and high prices like what we see now. This ain't the new floor price yet so let's wait for that for it to stabilize at that before buying more again.
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BitcoinHodler
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February 25, 2017, 12:58:55 PM |
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the best strategy is always to buy and hodl these ETF are coming and going, it is only bitcoin that stays it is like yesterday when people were arguing about price going lower than $900 or not and now we bid to 3 digits adieu! unlikely to be approved. The US doesnt like Chinese control of the market.
If the last month has proven anything it is that the Chinese have no control over the market. They have lagged behind in price the whole time, and haven't led ant dumps or breakouts. China's influence is over and done with. to be 100% accurate, the Chinese influence has never changed. they still have their size. but this size is not as small and non existent as what most people think these days and it certainly is not as huge and unrealistic as people thought back at the time of fake volume. we can't deny the fact that Chinese ore big traders and they are investing in bitcoin. but it is not as people show and say "China controls bitcoin" that is just bullshit to build FUD on.
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Holding Bitcoin More Every Day
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jtipt
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February 25, 2017, 01:21:52 PM |
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Guys, i always bought & sold and bought back. With this strategy I made quite some nice profit. Big dumps like before less likely (PBOC defeated, no Gox anymore, increasing demand etc ) . So maybe it it time to change my strategy to buy & hold + buy more After the ETF dicision I will stop selling my coins for a couple years at least. What do you guys think ?
My strategy is to Buy&Hold till the price is high enough that I can sell a part of bitcoin to get even with the amount I bought and still have some bitcoin remaining, I think this is the best way to make profit as the bitcoin that I have saved is gonna increase in price and whenever I require I can sell it if necessary and get a pure profit of whatever I sold.
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Bops
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February 25, 2017, 01:22:53 PM |
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My strategy is to Buy&Hold Eth and BTC only .
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valta4065
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February 25, 2017, 01:36:20 PM |
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Buy and sell trading is too dangerous for me here!
I mean there is nothing in btc history that allows you to predict what's going to happen... Too dangerous I wouldn't take the risk! Better just hold what I got ^^
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X-ray
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February 25, 2017, 04:29:02 PM |
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So maybe it it time to change my strategy to buy & hold + buy more After the ETF dicision I will stop selling my coins for a couple years at least. What do you guys think ?
Every bitcoin users have betting on 11 march, Does SEC approve bitcoin or not. So about your strategy it looks like the current condition is unpredictable, but most of the speculators are saying if there are a lots of chance for SEC try to give a delay again about ETF decision.
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york780 (OP)
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February 25, 2017, 04:33:18 PM |
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Thats true, and thats exactly why its time to jump in again. I sold everything yesterday because i saw this little dump from a mile away. And 11 march the dump will be even more. Atfer that dump the price will slowly increase to 2k at the end of the year are my predictions. I expect an dip to $950.
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Ayers
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February 25, 2017, 05:06:48 PM |
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unlikely to be approved. The US doesnt like Chinese control of the market.
this is not true anymore because after the government new policy and their exchange money freezed they have not any sort of manipulation on the market, go check the volume japan is leading above chinese, and chinese only control the mining activity now
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Yakamoto
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February 25, 2017, 05:15:34 PM |
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My personal strategy right now is all coming down to playing the market and buying when it goes low, selling when it goes high and hoping that I never really get caught out in a bad position.
So far it has been working relatively well, but since there is a bit of a downtrend right now I'm exploring more shorting options.
I don't know how effective it's going to be, but so far I'm not poor so that's nice.
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JimboToronto
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You're never too old to think young.
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February 26, 2017, 07:22:50 PM |
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The buy and hold strategy is the best,but i`m too afraid to hold my bitcoins for a long time. Anything can happen,someone can hack my wallet or Localbitcoins account or i might forget my password because i`m stupid. You don't really keep your bitcoins in an online wallet or at an exchange, do you? Always keep your coins safely offline in paper wallets. If you never expose your private keys to the internet, your coins can never be stolen. ...I sold everything yesterday...
You have my deepest sympathy. Better buy back as soon as possible before the price continues to skyrocket. Next time, don't sell, hold. Selling is a sucker's game.
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JimboToronto
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You're never too old to think young.
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February 26, 2017, 07:52:57 PM |
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Not yet , i buy back on 11 march , all part of the strategy. After that i hold for the coming years to come. Now i must wait till 11 march. A bit risky but we will see.
Good luck with that. If the ETF is approved the price will probably rise abruptly before anyone without inside information even hears about it. You might never see these prices again. Of course if it's rejected the price will dip abruptly before anyone has a chance to react, creating a panic and a great buying opportunity. The difference is that the dip will be temporary. Before long the price will rise again to much higher than it is now. My strategy is to hold and wait, but try to reallocate some funds for March 11. If the ETF is rejected, buy the dip. If it's approved, wait for the mega-rally to run its course and buy the inevitable correction which will follow.
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