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1337leet (OP)
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May 04, 2017, 06:10:28 PM |
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What is going on with the price?!
It seems to explode.
What do you do?
Buy more in case the price continues to rise?
Hold and wait for higher prices?
Sell and take profits?
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onrise
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May 04, 2017, 06:18:40 PM |
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It's has crossed 1600 plus per Btc . Not sure the rate at which it is increasing seems that at same pace it may even fall . So be cautious and sell it if you hold any Btc .
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Junko
Legendary
 Offline
Activity: 1512
Merit: 1000
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May 04, 2017, 06:25:33 PM |
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What is going on with the price?!
It seems to explode.
What do you do?
Buy more in case the price continues to rise?
Hold and wait for higher prices?
Sell and take profits?
All of the above. Buy more because the price will continue to rise. Sell some at a higher price for profit. Hodl the rest for long term higher prices. |
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Cereberus
Legendary
Offline
Activity: 910
Merit: 1000
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May 04, 2017, 06:31:21 PM |
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It is wrong to sell now unless you are in for some short term profit and you are hoping the price to go down again (which I don't think it will). If you are not for a short time profit the best is to wait as price of bitcoin in the longer run can only go up.
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LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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May 04, 2017, 06:34:21 PM |
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I'm going to HODL for a number of years still. If we crash I will buy more.
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Iranus
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May 04, 2017, 06:36:57 PM |
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What is going on with the price?!
It seems to explode.
What do you do?
Buy more in case the price continues to rise?
Hold and wait for higher prices?
Sell and take profits?
All of the above. Buy more because the price will continue to rise. Sell some at a higher price for profit. Hodl the rest for long term higher prices. You're basically just telling him to do everything. The market is in a weird state where reason and fundamentals mean nothing. Buying and selling, unless you're an extremely good analyst, is not going to help. I say just HODL. |
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cointrader99x
Newbie
Offline
Activity: 5
Merit: 0
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May 04, 2017, 06:39:51 PM |
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It all depends at what your goal is - if you need to buy something with BTC and are going to spend the coins right away, the price doesn't really matter too much as long as you buy it and spend it right away.
The worst time to make any investment is when there is a lot of fluctuation (up or down) as you will never "time" it right ie buy at the lowest point and sell at the highest.
If you are a long term investor then what you should do is "dollar cost average" that is say you have $1000 to invest you make equal investments over time so you are catching the ups and downs, say buy $100 worth every other day.
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mining1
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May 04, 2017, 06:45:55 PM |
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Well, the eth crazy train major news will end in about 2 months, assuming no more of them pop out. Which means the amount of people who buy BTC to get into ETH, because not every exchange accepts fiat deposits, will slow down and the btc surge will slow down too. If no major crash for the whole scene happens, by then eth will be worth over 10bil usd.
Bitcoin will also increase but not as % much.
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7788bitcoin
Legendary
Offline
Activity: 2282
Merit: 1023
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May 04, 2017, 06:47:55 PM |
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Nothing is not going to increase forever but so far there is nothing to stop the rally.
If you convert the price to in unit of mBTC, it is only $1.60/mBTC. LTC was about $4/LTC and it is now about $25/LTC... So it might go much further. If you can afford, buy is still a strong recommendation.
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chaser15
Legendary
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Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
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May 04, 2017, 06:53:01 PM |
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Buy more in case the price continues to rise?
It's up to you if you can afford. No person here can tell you the exact and right thing to do. Face the risk and see what will be the result. This is an investment after all. Hold and wait for higher prices?
Analyze the current situation first and then decide afterwards. It's an obvious thing to just hold based on the price movement. Sell and take profits?
If you already profits and satisfied with it, then why not? But look at my statement prior to this line and consider that. |
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arransiv
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May 04, 2017, 06:58:42 PM |
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At best I can say you have to hold and even buy if you can.As we are seeing the market is really on a race on who knows for how long it will continue to be.BTC is in a strong position right now and it seems like it will be for quite a while so holding seems like the best option
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xskl0
Sr. Member
Offline
Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
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May 04, 2017, 07:06:17 PM |
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Don't sell, price will reach 2k soon. You shoud just keep buying more bitcoins
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xskl0
Sr. Member
Offline
Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
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May 04, 2017, 07:08:53 PM |
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Nothing is not going to increase forever but so far there is nothing to stop the rally.
If you convert the price to in unit of mBTC, it is only $1.60/mBTC. LTC was about $4/LTC and it is now about $25/LTC... So it might go much further. If you can afford, buy is still a strong recommendation.
I think Litecoin will reach 50 $ with segwit activation |
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Hobo66
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May 04, 2017, 07:09:57 PM |
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To my calculation bitcoin is at $1658.99 I would encourage you to hold on to it, It may increase more in the weeks to come.  use the profit and buy profitable altcoins with high trading Vol and hold them.  |
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mlferro
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May 04, 2017, 07:12:18 PM |
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I also think it's not the time to sell. Moreover, if many start selling, one can expect the price to fall.
Not very related to the post, maybe this topic is better positioned in the area of speculation
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1337leet (OP)
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May 04, 2017, 07:12:30 PM |
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It is funny... I did ETH Mining about 1 year ago... I mined ~2 ETH/day... and sold them for like 14$ each.. I am so stupid  |
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Nagadota
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May 04, 2017, 07:18:46 PM |
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It's very surprising how steady the price rises have been. The Coindesk BPI has shown a consistent rise in the last few days. There might well be a correction soon, but this is no pump. Buying wouldn't be the worst thing in the world. Personally, I would just wait and see but I certainly wouldn't sell quite yet. |
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Wesimon
Sr. Member
Offline
Activity: 406
Merit: 250
https://gexcrypto.io
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May 04, 2017, 07:20:52 PM |
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What is going on with the price?!
It seems to explode.
It would seem that bitcoin's destination is at the top. Every single day we can see an increase on bitcoin's price. This just indicates that the demand for bitcoin is constantly increasing over time and, maybe, the number of bitcoin user is constantly increasing as well. What do you do?
Well from time to time I look at my btc wallet and surprise myself in seeing bitcoin price increase. I could watch it all day  Buy more in case the price continues to rise?
Hold and wait for higher prices?
That is for persons that can afford to buy bitcoin. As we can see, bitcoin value is too high and I cannot even afford half of it. So as for now, I am trying to earn some and of course hold them and wait for it's value to increase more just like most of us are expecting. Sell and take profits?
I would say that that is the main idea right? To earn/buy bitcoin and if it increases in price, sell it and take profit. |
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Mpamaegbu
Legendary
Offline
Activity: 2688
Merit: 1208
Once a man, twice a child!
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May 14, 2017, 03:51:11 PM |
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Don't sell, price will reach 2k soon. You shoud just keep buying more bitcoins
You really can't say don't ever sell. Again, you never can know when price will drop. It can be at any time. It may even be at a time when you think price will hit the roof like now. I think buying, holding or selling should depend on the market dynamics. |
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Sundark
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May 14, 2017, 03:58:15 PM |
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It is funny... I did ETH Mining about 1 year ago... I mined ~2 ETH/day... and sold them for like 14$ each.. I am so stupid I did the same with Bitcoin when the price was like $250 and I thought that Bitcoin is crashing to the oblivion. You are not the only one. Don't be bitter about it, if you managed to earn profit at that time it is still fine. We can hope that price of BTC after next halving will reach 4 digits. You still can buy and hold cheap bitcoin, don't make the same mistake twice. |
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