Buy, Sell, or just watch

[Kencha77]

There are a lot of talks about the value of bitcoin going down and many are already selling their bitcoins. Some say that these people who sold their bitcoins and it is not the right decision because it's value will increase again at some point.
If selling your bitcoins is not the right decision, then is buying bitcoins be the right move, right, or just observe how things will turn out?

[The Sceptical Chymist]

Notice how there's no "spend it" option in this poll.  Bitcoin is dead as a currency,  IMO.

I said wait, but mostly because I'm broke.  If I had more dough I'd be buying.  Definitely not selling.

[LittleBitFunny]

Well buying is a bad idea - people should have done that before all the hype about the ETF coming soon which has dramatically pushed up the price.  You should only but if you're very optimistic about the ETF or you're prepared to hold for a long time.

Selling could have been a good idea recently - it was clear for a while that it was staying near $1300 before it then fell down to around $1200.  If you were clever enough to notice that temporary climax you could have sold then and bought again about now.

In my view, there's an option missing here, which is trading.  If you're clever enough then during this time of volatility you could earn some decent money by buying and selling repeatedly in ways which earn profit.

For the less experienced in the market like me, the best option is to hold because I know that eventually Bitcoin is going to rise much higher.  It could well take a year before the network issues are sorted out and it becomes good enough, but that's okay because there's no point making a rash decision to sell during this (probably temporary) high.

[btcmerich]

I voted just watch. keep cool  a day or so, all this might be panic  caused by latest news from china.  

[Kencha77]

Well buying is a bad idea - people should have done that before all the hype about the ETF coming soon which has dramatically pushed up the price.  You should only but if you're very optimistic about the ETF or you're prepared to hold for a long time.

Selling could have been a good idea recently - it was clear for a while that it was staying near $1300 before it then fell down to around $1200.  If you were clever enough to notice that temporary climax you could have sold then and bought again about now.

In my view, there's an option missing here, which is trading.  If you're clever enough then during this time of volatility you could earn some decent money by buying and selling repeatedly in ways which earn profit.

For the less experienced in the market like me, the best option is to hold because I know that eventually Bitcoin is going to rise much higher.  It could well take a year before the network issues are sorted out and it becomes good enough, but that's okay because there's no point making a rash decision to sell during this (probably temporary) high.

i guess trading is also an option. i already added it as an additional option
Thank you for telling.

[Skarner21]

Well if there is bad news the price is always dumping so always go to trends news so if you heard bad news about bitcoin expect that in few minutes or hours that the price of bitcoin will going to decreases.. Like i heard ETF rejection that affects the value 2 days ago until now continues decreases.

[Meuh6879]

dump fiat money, buy bitcoins.



every months.

[btcmerich]

Well if there is bad news the price is always dumping so always go to trends news so if you heard bad news about bitcoin expect that in few minutes or hours that the price of bitcoin will going to decreases.. Like i heard ETF rejection that affects the value 2 days ago until now continues decreases.

what do you mean you heard ETF rejection?  the first verdict is on Monday 13th

[Arcteryx]

I voted just watch. keep cool  a day or so, all this might be panic  caused by latest news from china.  

Says the guy with the moneybag sneaking away.

I will just watch now while the excitement unfolds before our eyes.
It can either way at this point so might as well just sit back and just enjoy it.

[btcmerich]

I voted just watch. keep cool  a day or so, all this might be panic  caused by latest news from china.  

Says the guy with the moneybag sneaking away.

I will just watch now while the excitement unfolds before our eyes.
It can either way at this point so might as well just sit back and just enjoy it.

but as you see in the avatar i am like 10 inches tall ,  sorry to say the amount of money in that bag is like 1 USD in small cents


as for the action we are looking at im sure it will bounce back within 12-24 hours . the red candles were panic sells  because of bullshit news. No way it will go down more  before the ETF verdict.

[Bitcoin0916]

I recommend to buy bitcoin, it should be recognized that the price of the bitcoin can still rise again. Many observers say this year the price will reach $2,500, so if we buy and hold up to 9 months in advance then we get profit more than 120%.

[LLec]

Is it me or the price dropping $1 every 20 minutes?

News URL : http://www.coindesk.com/bitcoin-remittance-companies-strug-off-swift-blockchain/

It was $1149.47 last time I checked a few minutes ago.

[fearlesscat10]

Well buying is a bad idea - people should have done that before all the hype about the ETF coming soon which has dramatically pushed up the price.  You should only but if you're very optimistic about the ETF or you're prepared to hold for a long time.

I have mixed feelings on this. You could still buy right now since the ETF hype is still affecting the price. It's only gone down for now due to the issues with the Chinese exchanges. Soon the hype will take over the price again since we're nearing March 13. You could still make a profit regardless of the ETF results. If it's rejected, you just have to be quick to sell before the dump.

Selling could have been a good idea recently - it was clear for a while that it was staying near $1300 before it then fell down to around $1200.  If you were clever enough to notice that temporary climax you could have sold then and bought again about now.

This, I agree on. Personally I missed the peak though, but I'm hoping for the price to get near $1300 before the ETF decision.

In my view, there's an option missing here, which is trading.  If you're clever enough then during this time of volatility you could earn some decent money by buying and selling repeatedly in ways which earn profit.

For the less experienced in the market like me, the best option is to hold because I know that eventually Bitcoin is going to rise much higher.  It could well take a year before the network issues are sorted out and it becomes good enough, but that's okay because there's no point making a rash decision to sell during this (probably temporary) high.

If you really believe that bitcoin will rise, then if you have cash right now, buying won't be a problem. But if you're satisfied with your stash, holding is definitely the best option.

Personally, I plan to wait for the ETF decision. If it's approved, I'll buy more and ride the succeeding pump. If it's rejected, I'll sell my short-term stash and wait for the dump before buying more. The issue with the Chinese exchanges and the current price admittedly caught me off guard. But if I won't be able to sell my short-term stash at a profit, I'm fine with holding.

[lemipawa]

I wouldn't buy for now but if anyone will pay me for any services or trade with me using Bitcoin I would love to. If you are into short term investment, you can still try to buy a few and sell when it reached your target selling price. Holders who bought coins few months back maybe having second thoughts right now if they will keep or unload.

[X-ray]

Because i've already sold my bitcoin on the top price, and it give me a lot of the opportunity to buyback on the cheap price and in my speculation in this time the bitcoin already touched the bottom price(maximum).
I guess we are very close on the SEC decision and in this time the price of bitcoin is really sensitive.

[RoommateAgreement]

the answer is obvious : buy

and i'll tell you why. all these things you are seeing these days are temporary. it may take a while till they are over but they will be over eventually and when they are over price will surge up and break $1300 and that is the least price.

so buying now means profit, buying lower means more profit, missing the chance of buying at these prices means kicking yourself why you didn't

[Pursuer]

There are a lot of talks about the value of bitcoin going down and many are already selling their bitcoins. Some say that these people who sold their bitcoins and it is not the right decision because it's value will increase again at some point.
If selling your bitcoins is not the right decision, then is buying bitcoins be the right move, right, or just observe how things will turn out?

people usually invest for long term because most of them are not traders or are not good at trading because they have tried it and failed at making profit. this means you buy when price is low and just keep holding it without paying attention to these short term fluctuations. buying last month at $1020 for example and holding it for end of the year.

but if you are a trader then you should have sold a couple of days ago when this FUD about split/fork started and kept the money ready to get back in before the ETF results and watch the result to see what happens.
if you missed selling that day then you should just hold and watch. if ETF was rejected you can sell and buy at the bottom, if it was approved then either get new money to invest in or enjoy the ride with the coins you already have and held.

[Amph]

if you really believe that bitcoin will be $2k or more one day one not keep buying until you invested what you can afford to lose, if you invested everything possible, you have nothing to worry about just watch

bitcoin is a niche market, and EFT will make it grow by a small factor, EFT is not the final point, only the beginning, and every time bitcoin retreat i see it as a good opportunity to buy

i fact by buying at every dump that happened you could have made a great profit today

[n0ne]

Majority of the users have suggested to just watch what's gonna happen next. From my understanding about the current situation I've made a suggestion to go on buying, because bitcoin won't experience a downfall at any situation. Also in respect to time the growth rate is absolute. This confirms an early or long term profit.

[1Referee]

It's actually very simple;

Option 01 - Cash out 5-10% of your profits in case you are in the green.
Option 02 - Buy with 10-15% of your capital in case you don't have any coins.
Option 03 - In case you already have enough coins, then just keep watching how the market is bouncing up and down.
Option 04 - Use this volatility in your advantage in order to scoop up a few extra profits through trading. With the market being in a repetitive state, it's not all that difficult.

If you play it well, you can even combine all four options.