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Author Topic: Current USD price question  (Read 1757 times)
Sn350 (OP)
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March 02, 2017, 03:13:12 PM
 #1

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?

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March 02, 2017, 05:40:54 PM
 #2

No one knows anything. Anyone who does claim to know something needs slapping upside the head or is trying to sell you something.

The seeds are there for further insane rises and also a brutal fall. You could look into spreading your buys over a period of time and hope it evens out.

Only you can decide. The trend for months has been steadily up. That's not something to mess with.

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March 02, 2017, 06:07:10 PM
 #3

No one knows anything. Anyone who does claim to know something needs slapping upside the head or is trying to sell you something.

The seeds are there for further insane rises and also a brutal fall. You could look into spreading your buys over a period of time and hope it evens out.

Only you can decide. The trend for months has been steadily up. That's not something to mess with.



I think there are no options for a brutal fall anymore. Bitcoin has demonstrated that it can recover from the most brutal crash ever (from $1250 to like 100$), then rise to new all time highs.

This is now into the global psychology, which means, the resistance will now be way closer to the current price, which means, no way big crashes will happen, and if they happen they will get bought back quickly by people that isn't in the game already.

BTC is insanely undervalued at current price, in the long term it can only go up.
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March 02, 2017, 06:12:39 PM
 #4

I think there are no options for a brutal fall anymore. Bitcoin has demonstrated that it can recover from the most brutal crash ever (from $1250 to like 100$), then rise to new all time highs.

This is now into the global psychology, which means, the resistance will now be way closer to the current price, which means, no way big crashes will happen, and if they happen they will get bought back quickly by people that isn't in the game already.

That is 'this time it's different' paraphrased. And we all should know what happens when that's wheeled out.

At this very moment the only thing that's different in Bitcoinland compared to its utter doldrums is excitement. There aren't any more fundamentals right now. If ETF stuff happens then that's a different matter.

China's demise is probably the biggest obstacle that's been removed but anyone who thinks utter triumph is in the bag is too caught up in the moment.
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March 02, 2017, 06:14:27 PM
 #5

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?



Even an expert can't tell you the exact thing to do since their fearless analyzation is just a reference of what should they do. Now because you have been wrecked up for selling early then want to try again another risk by putting again some money to the current price? We all don't know what will happen to the price behaviour here and then, so if you think that the bitcoin price will continously to go uptrend then buy at the current rate. In case of a loss, then up to you if you will minimize the loss or damn hold since and act as a long term holder.

Your's to decide.

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March 02, 2017, 06:15:29 PM
 #6

No one knows anything. Anyone who does claim to know something needs slapping upside the head or is trying to sell you something.

The seeds are there for further insane rises and also a brutal fall. You could look into spreading your buys over a period of time and hope it evens out.


I think if there's a fall soon it won't be to any lower than 800-900USD, so that would be the ideal time to buy.

A lot of this rise is speculation about the ETF, so if it's approved Bitcoin could be headed way up and it might even be realistic to think Bitcoin will get a lot of media attention soon since it's surpassed the ATH and if it surpasses the price of gold it could get even more media attention.  

If you want to be safe, I wouldn't buy now, because there are always loads of people who buy at the peak and it's unlikely that Bitcoin will just keep rising unless it really goes somewhere with block size issues etc - and it doesn't seem like everyone can agree on anything.

But if you want to take a chance, and you're betting with small amounts of money, it would be a good idea because at some point Bitcoin will definitely rise higher than this and I don't think there are any more total brutal falls to come.

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March 02, 2017, 06:35:16 PM
 #7

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?


Like other said no one knows it.. but if you holding a large amount of bitcoin the good thing that you can do is to have your own margin and every margin you sell 20% of your bitcoin more or less. depends in your strategy in order to save profit.. if the price is going to increase you can sell the rest and you can buy bitcoins again if the price is lower than the selling price you made.. or just set  a good margin in selling.



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March 02, 2017, 07:02:06 PM
 #8

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?


No one can predict what will happen because we are not fortune teller. It is all about guts and good analytical because if you are a true trader and you know how to read charts then you can find some patterns there or you can conclude a conclusion for the price if you will sell or just wait for another dump or pump. It is always depend on you and not other's people decision because you are the one who is in charge of your bitcoin and you just need to be smart in doing decision by reading some articles or news about the bitcoin whether it will continue the trend or not.
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March 02, 2017, 11:15:07 PM
 #9

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?



this now bitcoin go the moon, bitcoin price now 1260 dollar
so is very dificult in few time one day or one week down again to 1170 dollar
except ETF, SEC, and china autorized not aprove bitcoin, bitcoin price can down under 1000 dollar
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March 03, 2017, 12:59:09 AM
 #10

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?



I'm not that an expert but I would say that just go with the flow. If you will wait for some more time and hopes for the price to go down, I guess you'll just wasting your time. The price of bitcoin may be down again for sometime but it's not that very far as we are expecting. Maybe you should buy somehow right now and just keep on holding.



.
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March 03, 2017, 01:50:03 AM
 #11

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?


Just wait, but the final decision on 11 march. If it gets another delay and thanks for yourself to sell your bitcoin on that price. The bullish trend will be turning into the bullish trap and red candle will be coming asap, but it will never reach below $1000.

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jossiel
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March 03, 2017, 02:28:06 AM
 #12

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

With this type of move and you did already as long as you did gain some profit from it, don't regret it. That's what I' doing to relieve when I'm feeling regret.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

It's hard to say if the price will get back again to what we are expecting but your estimation seems to be fair and quite possible to happen.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?

With I'm planning to do, I wanted to sell before the ETF approval and will buy again when the result is disapproved. It's hard to expect that the ETF will be approved.

Because many are saying that only small percentage that it will be approved.

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March 03, 2017, 04:58:48 AM
 #13

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?


Just wait, but the final decision on 11 march. If it gets another delay and thanks for yourself to sell your bitcoin on that price. The bullish trend will be turning into the bullish trap and red candle will be coming asap, but it will never reach below $1000.

Rate will not get to that low now. It'll be disastrous if that happened because lots of people are eyeing on $1300. It needs some time to get stable. The bullish market trend should get less before turning to a gradually increasing one.

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ReLieD
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March 03, 2017, 03:42:37 PM
 #14

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?


You can never predict what is going to happen in the future with bitcoins. The prices might increase as well as decrease no-one knows. But it is pretty sure that one day the price of bitcoin will be a lot like you can buy bitcoins now and then after 4 or 5 years of you go to sell whatever you have bought then no doubt you will be rich as compared to now.

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March 03, 2017, 05:06:25 PM
 #15

With I'm planning to do, I wanted to sell before the ETF approval and will buy again when the result is disapproved. It's hard to expect that the ETF will be approved.

Because many are saying that only small percentage that it will be approved.

That's pure gambling and on top of that you're basing it on the worthless opinion of others who know nothing.

Have a flutter by all means but I hope you're not betting the farm on it.
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March 03, 2017, 05:26:08 PM
 #16

So I had a good amount of bitcoins, then decided it was good to sell all of it during $1185.

I was thinking I would buy again at $1170, but obviously the price just kept shooting up and I was shooting my foot for selling too early.

With the boring USD I am now holding, do you any experts out there suggest I sell at some during this point or just wait and hope it goes down again?


So if you can ask in simple words, you wanna know the right time to buy/sell Bitcoins. While simplest answer to this question is - Never.
You can't predict the bull, sometimes it grows strong sometime collaspe. You can see in past we were talking in $500-600 till last year, today you are lamenting for $1185 and maybe it is possible that we see $5000 in future. No surprise!
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March 03, 2017, 06:14:02 PM
 #17

Bitcoins price will rise more in a few days or weeks and at some point it will go downm. It might be back to a flat $1k so just keep

watching the market for opportunities. I won't buy and sell on that amount because their interval is still low for me. In the past

after the price rises greatly it will decrease horribly and I'm waiting for that.

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March 03, 2017, 06:49:25 PM
 #18

Best time to sell your bitcoin is at the peak price after instant surge like 50$+ increase within 24 hour and wait for some correction which is quite natural but don't expect correction of over 10$-20$ after such surge. If you sell your bitcoin and wait overnight for price to come down than you may actually loss rather than making any profit with daily price swing.

 
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March 04, 2017, 06:27:50 AM
 #19

No one can accurately predict bitcoin price movement. For the price to pull back to $1,170 in a short term it might not be possible though bitcoin price fluctuate. Currently bitcoin is price $1286 and has established strong resistance at $1200! Except something fundamentally happens price might not pull back to 1,185 that you sold.
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March 04, 2017, 06:43:49 AM
 #20

This place is a troll land you shouldn't ask for advice in such place, go to school then university or attend to some online courses to learn the basics of trading. at some point I literally almost caused a crash in the market of some s*itcoin in yobit but this is BTC we're talking about, the time when some whale could easily manipulate the price greatly has past fortunately.
Anyone sold under $1200 now is crying Cheesy because price is now well above $1280.
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