It's time to re-invest

[Lucid717]

Day traders/Blue Chippers, and those few in here that saw the inevitable coming and followed their lead... it's time to pull your money out of whatever liquid asset you temporarily kept your money in, maybe even just the bank, and throw at least the $700 per BTC you made back into them if not the whole kitten kaboodle.

Some of us tried warning everyone in here the "temporary" slide was inevitable as it approached 3K.  Most did what they could to vehemently deny it.  Then when it happened even blamed us for "creating hype", but the truth is they don't know how the market works.

Honestly I expected the slide to be even worse.  I expected it to get down around the 1600 range.  When I saw it stabilize around 2200-2300 I knew it was even stronger than I thought.  The truth is BTC is still in very good shape in the long term, and I doubt it will get any, or at least much lower than it is now ever again.  It's time to watch it rise again.  When the day traders, the people with cold feet that aren't sure whether they should get in now or not, afraid they've already missed the boat, along with the day to day operations combine forces there will be another meteoric rise again.  Once it hits 3K it will probably hit 4K within a matter of months, and by the end of 2018 will be sitting around 5K at least.

Don't miss the boat again to those that did the first time.  And to those that wisely cashed out and made $700 per BTC is a few months time, it's time to get back in the game and help kick start another rapid ascent.

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[Andre_Goldman]

support and resistance
lines are not easy
to draw these lines ...

not sure ...



What was time-frame are you talking about ?

[pooya87]

the thing about bitcoin is that you can't speculate about the price based on charts and looking at the market,... it is all the messed up things that are going on all around bitcoin that affects the price. and right now everything depends on the August first and whether or not they split bitcoin.

i say if things go well, without any harm to bitcoin, price will rally; big time.

[Lucid717]

I know all of this, but in the end confidence dwarfs everything else.  I believe Aug.1 will have little to no impact, and especially true if the balls gets rolling by then.  How do you think some of us saw this coming in the first place while most people denied it?... then blamed us for warning people and "creating hype".

People even blamed me for trying to peddle my own warez people I recommended people to buy gold coins and get them slabbed & certified to sell for a profit, lol... as if I own a coin store or something (I don't, btw).  Just giving advice on how to make gold make some quick gains instead of just sitting stagnant.  These days investing in gold isn't much better than just putting your money in the bank.  Well... at least back when you actually gained interest worth a darn on your money.

Anyhow I did what I told others to do, made a bit, and am re-investing every red cent back into BTC now that I see the price hovering around 2100.  I waited a week after the Alphabay debacle to see what (if any) effect it would have on BTC.  The answer = little to none.  That's another testament to just how capable it is of weathering any potential storm, just like the one a few months back when many expected a steep drop only to see it stabilize again quickly around 22-2300.

It's not going anywhere.  Practically every institution that accepts credit cards accepts BTC these days.  And the ATM's aren't going anywhere either.  Those who wait until Aug 9'th or whatnot to see what kind of effect this next storm has will wish they'd had the confidence they lacked when the price was sitting around 900/share, and be asking themselves once again...  "Is it too late now".

[CoinCidental]

I know all of this, but in the end confidence dwarfs everything else.  I believe Aug.1 will have little to no impact, and especially true if the balls gets rolling by then.  How do you think some of us saw this coming in the first place while most people denied it?... then blamed us for warning people and "creating hype".

People even blamed me for trying to peddle my own warez people I recommended people to buy gold coins and get them slabbed & certified to sell for a profit, lol... as if I own a coin store or something (I don't, btw).  Just giving advice on how to make gold make some quick gains instead of just sitting stagnant.  These days investing in gold isn't much better than just putting your money in the bank.  Well... at least back when you actually gained interest worth a darn on your money.

Anyhow I did what I told others to do, made a bit, and am re-investing every red cent back into BTC now that I see the price hovering around 2100.  I waited a week after the Alphabay debacle to see what (if any) effect it would have on BTC.  The answer = little to none.  That's another testament to just how capable it is of weathering any potential storm, just like the one a few months back when many expected a steep drop only to see it stabilize again quickly around 22-2300.

It's not going anywhere.  Practically every institution that accepts credit cards accepts BTC these days.  And the ATM's aren't going anywhere either.  Those who wait until Aug 9'th or whatnot to see what kind of effect this next storm has will wish they'd had the confidence they lacked when the price was sitting around 900/share, and be asking themselves once again...  "Is it too late now".

Aha, I thought I was the only one who understood that
Looks like there are two of us...
C u on the moon! 

[ajqjjj]

the thing about bitcoin is that you can't speculate about the price based on charts and looking at the market,... it is all the messed up things that are going on all around bitcoin that affects the price. and right now everything depends on the August first and whether or not they split bitcoin.

i say if things go well, without any harm to bitcoin, price will rally; big time.

From my point of view, price of bitcoin will doubles the today's rate after August 1. Why, because, the price of bitcoin is keeps on increasing due to increase in bitcoin user. So, I am damn sure that, you can inverse your money on bitcoin now. It's the correct time to inverse your money on bitcoin. After August 1, you will get very huge return. Which you not even expert.

[Lecsor]

the thing about bitcoin is that you can't speculate about the price based on charts and looking at the market,... it is all the messed up things that are going on all around bitcoin that affects the price. and right now everything depends on the August first and whether or not they split bitcoin.

i say if things go well, without any harm to bitcoin, price will rally; big time.

From my point of view, price of bitcoin will doubles the today's rate after August 1. Why, because, the price of bitcoin is keeps on increasing due to increase in bitcoin user. So, I am damn sure that, you can inverse your money on bitcoin now. It's the correct time to inverse your money on bitcoin. After August 1, you will get very huge return. Which you not even expert.

Judging by today's rate and therefore, how many Bitcoin users sell their coins, very weak User belief in the crypto currency. Perhaps these are not true adherents of cryptography but nevertheless uncertainty is present in the future.

[HI-TEC99]

the thing about bitcoin is that you can't speculate about the price based on charts and looking at the market,... it is all the messed up things that are going on all around bitcoin that affects the price. and right now everything depends on the August first and whether or not they split bitcoin.

i say if things go well, without any harm to bitcoin, price will rally; big time.

Bitcoin's price often does the unexpected. IMO it won't fork on August the 1st, but it could its price could start recovering before then. You are not alone in thinking it could rally after August the 1st, and people buying back in long before then could start pumping the price. Anyone who sold on the way up will be looking for a re-entry point now its gone back down, and anything close to $2000 is a great buy in price..

[maokoto]

Those who bought before the raise from 1200$ to 2000+ yet hava a lot of margin for selling and rebuying lower. It can go lower than this, but I agree that it will probably be much higher than now in the end, so it is buying time too.

[Baofeng]

the thing about bitcoin is that you can't speculate about the price based on charts and looking at the market,... it is all the messed up things that are going on all around bitcoin that affects the price. and right now everything depends on the August first and whether or not they split bitcoin.

i say if things go well, without any harm to bitcoin, price will rally; big time.

From my point of view, price of bitcoin will doubles the today's rate after August 1. Why, because, the price of bitcoin is keeps on increasing due to increase in bitcoin user. So, I am damn sure that, you can inverse your money on bitcoin now. It's the correct time to inverse your money on bitcoin. After August 1, you will get very huge return. Which you not even expert.

For me, I see that the price will really soar after Aug 1 date. Although we are seeing the price is going down. This is expected. Because there are a lot of negativity around this date, others are now worrying about the split and all of that, but if you have faith in bitcoin. its really nice to buy bitcoin back at this low price because almost all of us still thinks that bitcoin will go to the moon.

[stergium]

the thing about bitcoin is that you can't speculate about the price based on charts and looking at the market,... it is all the messed up things that are going on all around bitcoin that affects the price. and right now everything depends on the August first and whether or not they split bitcoin.

i say if things go well, without any harm to bitcoin, price will rally; big time.

From my point of view, price of bitcoin will doubles the today's rate after August 1. Why, because, the price of bitcoin is keeps on increasing due to increase in bitcoin user. So, I am damn sure that, you can inverse your money on bitcoin now. It's the correct time to inverse your money on bitcoin. After August 1, you will get very huge return. Which you not even experts.

i think experienced and wise peole will like to invest money in present time, i think experience investors must be thinking about the present time to invest thier money in bitcoin in present condiion because to me i think that is really the lowest price of bitcoin in which it is trading. and the price of bitcoin is infact not going to stay here for a long time but will start inccreasing in next few days, most probably after 1st August.

[JeffBrad12]

Those who bought before the raise from 1200$ to 2000+ yet hava a lot of margin for selling and rebuying lower. It can go lower than this, but I agree that it will probably be much higher than now in the end, so it is buying time too.

It is not the right time to buy bitcoin, We are in the middle of July, the BIP148 will have deployed in August, there is a lot of chance for the price of Bitcoin gets lower. I mean below $2000. And just wait a little bit more and you will see what will happen with the bitcoin. The possible thing if the bitcoin gets another dump and the price will be recovered after the hardfork.

[aso118]

Unfortunately, long-term holders have no extra cash to reinvest. Of course, I believe this is a buying opportunity.
But it would be foolish to invest the money you have been saving up for your house down-payment into Bitcoin now. If you have made profits selling bitcoins at $3000, then you might give it a try.

[Lucid717]

I just wanted to pull this thread back up to give you the idea that I somewhat know what I'm talking about here, and have been right the entire time up til now, not to sound obnoxious, but as you can see with your own eyes (+ the date stamps), it's true.  I also said although it will go from 3K-4K quickly, there will be another slide until it ultimately gets back on track, and THEN possibly stays on track, finally, for good.

I still contend that by the end of 2018 it will reach 5K, and that's a conservative figure, be prepared for another slide first, and quite probably very soon.  The sharks that re-invested after getting out when it was around 3K and re-investing when it was down around 2K are going to cash out on their (very) quick double-up very soon, the moment they sense a possible slide.  And the truth is it's very volatile right now... even more-so than usual.  In just the past 12 hours it went up $200, then down $400, that quick $400 dip was likely due to some of them already cashing out on their double-up.  Plus this type of volatility is often a precursor to a mass pull-out.  It creates panic & uncertainty.  They know it's a solid long term investment, but they're the type to always keep their money moving and maximize profits.  Don't be surprised if a lot of people pull out again and put their money into a low-no risk situation where it's not tied up so they can jump back in at any time... like gold/buying gold coins in tubes in brilliant uncirculated (BU) condition, then sending them to NCG to be graded & slabbed, then selling them that way is a good way to earn a few quick bucks.  It doesn't take long and if you price them even 1 cent cheaper than what anyone else on EBay is they'll sell themselves.  Or just keeping it in the bank, though with today's miniscule interest rates I prefer door #1.  Especially since the value of gold has actually gone up recently, for the first time in quite awhile, and I expect it to continue to.

Once you see the value of BTC stabilize once again, + climb a bit, it will be time to re-invest once again.  And THAT time I believe it will be for good/the long haul.  And we can just stick them in our Trezors and sit on them indefinitely, adding more with every spare dollar we come across.  Then retire off of it 10 years from now.

Just as I tried warning people in here before, I'm doing it again.  I'm not trying to scare anyone, just inform, and make you cautious, and some sense of caution can be healthy.   

[KennyR]

There is no time for reinvestment, because I sold a coin when the price was around $3300 and in a short the growth is massive. The same has lead to have a panic mentality on investing the same amount back into bitcoin. But if the price is not concerned then investing into bitcoin will be highly profitable.

[arpon11]

Op  as at this morning bitcoin went as high as $4070 and the bubble has just began. Many day traders are seriously regretting after taking profit around $2,750 during the last splitting including me. I seriously believe that bitcoin will get to $5000 before the end of this year. The truth is that I am regretting selling my coin last two weeks but hope to buy soonest and wait to take profit at $5000.

[BrewMaster]

Plus this type of volatility is often a precursor to a mass pull-out.  It creates panic & uncertainty.   

you have very good points here. but at times like this i am never certain of this "pull-out" and most of the times i am right.
you see, this "pull-out" or dump or whales manipulating, or 100 other names have always been accompanied with some news, some FUD or something that helps speed up the "pull-out" and make it bigger so they can make the most profit.

when there is an uprise and market is on the rise, ready for it 110% you can't really go against it and dump. and right now it seems more ready for it than ever.

in spite of what i said the dump is happening though it is small. the worst was $3841 on bitstamp.

[Mbah Djoko]

Good idea, I'm sure that it's not too late to get profit and the price of $ 4000 is the beginning and I'm sure this year's price will continue to increase as the number of users continues to grow.

[Denker]

Op  as at this morning bitcoin went as high as $4070 and the bubble has just began. Many day traders are seriously regretting after taking profit around $2,750 during the last splitting including me. I seriously believe that bitcoin will get to $5000 before the end of this year. The truth is that I am regretting selling my coin last two weeks but hope to buy soonest and wait to take profit at $5000.

Well if somebody regrets it to have taken profits depends on the size of the position I'd guess. Selling 30%  or having sold 70% of your position is a big difference.
In the end just holding Bitcoin may be the better deal.
If you wanna increase your BTC stash and have enough skills in trading I would only use altcoins. There are some good ones with decent volume on several exchanges you can make some nice profit with. And this profit just convert to BTC and put it in cold storage.