Current USD price question

[bravehearth0319]

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?

If you had an amount of bitcoin, I would suggest never sell all your bitcoin, Now if you cannot stop yourself to selling because the price is moving up then you feel attempt to do it sell few only of bitcoins. but as much as you can hold it, be patience to keep it.

[traderethereum]

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?

If you had an amount of bitcoin, I would suggest never sell all your bitcoin, Now if you cannot stop yourself to selling because the price is moving up then you feel attempt to do it sell few only of bitcoins. but as much as you can hold it, be patience to keep it.

its make sense that you give this advice because i see the price is too much often to up and down and i think the price will be up more high and its better that we save to see how much the price will be increase. i am selling some part of my bitcoin and yes i made profit from this but i still save the rest of my bitcoin, i only waiting the next higher price later.

[Iranus]

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. this is BTC we're talking about, the time when some whale could easily manipulate the price greatly has past fortunately.

I think there are still some giants which could manipulate the price if they wanted to, it's just less likely to happen.  If Bitmain announced that they had gone bankrupt and would stop selling miners, shut down Hashnest and stop mining Bitcoin, Bitcoin would hugely collapse.  If Bitstamp screwed up like Mt. Gox, Bitcoin would hugely collapse.  The problem is that in a few ways, we are reliant on different parts of Bitcoin, especially monopolised areas, and this will never be past us entirely so we have to be aware and keep history in mind when considering the future.

[aardvark15]

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 suggest that you wait for the decision on the ETF on March 11. I wouldn't place an order until after that date and definitely not for $1170. See if the price drops even lower than that. I'm looking for under $1000 to buy back in.

[markyminer]

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?

If you had an amount of bitcoin, I would suggest never sell all your bitcoin, Now if you cannot stop yourself to selling because the price is moving up then you feel attempt to do it sell few only of bitcoins. but as much as you can hold it, be patience to keep it.

yes that will be really a good decision. i think selling all bitcoin will be a wrong decision. even i am not selling bitcoin in current price at all i think if a person can manage and afford he should try to hold their bitcoin for a long time at least for next 4 to 5 years and then he can get good profit from it.

[bncbnc]

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?

If you had an amount of bitcoin, I would suggest never sell all your bitcoin, Now if you cannot stop yourself to selling because the price is moving up then you feel attempt to do it sell few only of bitcoins. but as much as you can hold it, be patience to keep it.

i think if if you cannot manage then you should try to at least keep half your bitcoin with you and sell the remaining half for fulfilling your needs. whenever i need bitcoin i try to sell some of them and keep the remaining with me and specially  in present time when the price of bitcoin is continuously increasing i try my best to hold more and more bitcoins.

[Sn350]

Thanks to all you guys who gave me such great advice.

Long story short, I ended up buying back in at a much higher price after 1200 (+$30-$40) missed the opportunity to make the extra money.

 And I've been day trading, which didn't turn out too bad. Making a few extra $100 bucks.

In the end, I didn't make as much, but I didn't lose any amount I had initially put in.

I sold again at $1274 and now waiting for the bearish turn to buy back in.

I give up on day trading, I'm too inexperienced to be chasing that $$.

[gentlemand]

I sold again at $1274 and now waiting for the bearish turn to buy back in.

I give up on day trading, I'm too inexperienced to be chasing that $$.

So you're still day trading, albeit on a slightly longer timeline.

What do you want out of Bitcoin? A few bucks short term? Super long term gains?

[Sn350]

Hm yeah you're right. Long term is better off of course.

What are your guy's expectations in the few days prior to March 11th?

[gentlemand]

I have absolutely noooooo idea.

Decide your most beneficial positions and stick to them. There might be a lot of irrational action over the next few days. Don't get caught up in them yourself. The real traders make money off the emotional moves of the regular folk. Neither dumps nor pumps last long. Make sure you're on the right side of them.

[JeffBrad12]

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?

If you had an amount of bitcoin, I would suggest never sell all your bitcoin, Now if you cannot stop yourself to selling because the price is moving up then you feel attempt to do it sell few only of bitcoins. but as much as you can hold it, be patience to keep it.

yes that will be really a good decision. i think selling all bitcoin will be a wrong decision. even i am not selling bitcoin in current price at all i think if a person can manage and afford he should try to hold their bitcoin for a long time at least for next 4 to 5 years and then he can get good profit from it.

How do you guys give an answer to the question without try to gets understand the OP's question?    The OP is not holding any amount of bitcoin. he had sold his bitcoin.

[carlerha]

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?

If you had an amount of bitcoin, I would suggest never sell all your bitcoin, Now if you cannot stop yourself to selling because the price is moving up then you feel attempt to do it sell few only of bitcoins. but as much as you can hold it, be patience to keep it.

yes that will be a good decision to hold bitcoin and not to sell it in present time. as there are more chance that the price of bitcoin will increase much more in near future, therefore holding bitcoin will be a good decision.

[juras54]

Wait right now comes down again for $ 900 for btc, just put an order, the candle down should be exactly

[aardvark15]

Wait right now comes down again for $ 900 for btc, just put an order, the candle down should be exactly

It could drop to $900 but even putting in an order at $1000 or breaking it into 2 orders would still give a good profit margin.  Either way is better than placing a buy at $1170

[ethereumhunter]

Wait right now comes down again for $ 900 for btc, just put an order, the candle down should be exactly

It could drop to $900 but even putting in an order at $1000 or breaking it into 2 orders would still give a good profit margin.  Either way is better than placing a buy at $1170

if the price is down or even is up, the only thing that we should know is we need to be prepare from now and if after etf is release, the price is down, we don't have to get panic. there are many possibility for the price and its better to gets ready for the bad situations. if the price is drop until that price, then i think its the good time for us to buy more bitcoin so we have more stocks of bitcoin in our wallet.

[xIIImaL]

Wait right now comes down again for $ 900 for btc, just put an order, the candle down should be exactly

It could drop to $900 but even putting in an order at $1000 or breaking it into 2 orders would still give a good profit margin.  Either way is better than placing a buy at $1170

I do not think that bitcoin rate dropped to lower than 1000$. The value today marking around 1150$ and more than that. This would be base value for this year and price won't dump lower than this. Heavy adoption and demand of btc in the market. This is pulling the up. Still many companies are initializing blockchain technology this seems good for btc as well.

[pooya87]

this is a good example of bitcoin price volatility.
by the time OP was complaining about missing out on price rise, price was above $1200 and now it is back where OP was buying/selling and regretting.

if you don't like the volatility just change your outlook to a long term one instead. for example if you buy at $1170 then just wait for a couple of months (like 1 to 6 months) to see profit.

for example as you can see from https://bitcoinwisdom.com/ homepage or you can calculate it yourself. right now even with the price drop that everyone is talking about, we are still in profit in the last 30 days. which means if you have bought 30 days ago you wouldn't be losing money.

[Rude Boy]

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.. hold 80% 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.