samwolf (OP)
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November 10, 2017, 08:50:37 PM |
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Hi,
I'm new here. Bought in to bitcoin at £5100, sold at £6050, then bought back in at £5400, but it seems to be dropping.
Should I trade all my BTC for BCH on the short term or is it too late to get in to BCH?
BCT seems to be losing me money by the minute.
Thanks.
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hypersonic1
Full Member
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Endless Horizons!
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November 10, 2017, 08:54:54 PM |
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I've bee given info that this is another huge shift, and in the short term BCH is a good idea.
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Youngsta
Member
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November 10, 2017, 08:55:51 PM |
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Hi,
I'm new here. Bought in to bitcoin at £5100, sold at £6050, then bought back in at £5400, but it seems to be dropping.
Should I trade all my BTC for BCH on the short term or is it too late to get in to BCH?
BCT seems to be losing me money by the minute.
Thanks.
no way! just hold your BTC |
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samwolf (OP)
Jr. Member
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Activity: 64
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November 10, 2017, 09:04:38 PM |
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Don't get me wrong, I've not got huge volumes, only 2BTC worth.
But it just seems to be going right down.
But BCH is now at nearly $1000, is it just investors that are all going to sell once it hit's $1000 and buy back in to BTC?
Just don't know what to do, since posting, BTC has dropped a further £90.
As you can tell, I'm very new to this!
Will BCH hit $2000? Or will it crash back down to the $500 mark next week?
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samwolf (OP)
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Activity: 64
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November 10, 2017, 09:17:37 PM |
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It's still falling and BCH is still rising.
I'm getting worried.
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lambomoonmoney
Newbie
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Activity: 56
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November 10, 2017, 09:19:45 PM |
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Hi,
I'm new here. Bought in to bitcoin at £5100, sold at £6050, then bought back in at £5400, but it seems to be dropping.
Should I trade all my BTC for BCH on the short term or is it too late to get in to BCH?
BCT seems to be losing me money by the minute.
Thanks.
more risk in BCH than BTC imo |
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seekoin
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November 10, 2017, 09:27:45 PM |
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Bitcoin has collapsed many times during last month, but always recovered after a while.
Bitcoin is a venerable money which is already 8 years old.
BCH may have a future but you need to give it more time to trust it.
Be patient, time will help you.
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samwolf (OP)
Jr. Member
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November 10, 2017, 09:48:18 PM |
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It seems to be rising again.
Fingers crossed.
Wish I'd waited to buy back in at less than £5k.
I'm like a nervous wreck!
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Xavofat
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November 10, 2017, 09:52:47 PM |
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It's still falling and BCH is still rising.
I'm getting worried.
What you're observing is an arbitrary pattern. If you decide to sell some or all of your BTC in exchange for BCH, it will be based on the (unjust and late) assumption that this current trend will continue to occur. If true, this will only be the case due to other people having the same poor logic as you. Furthermore, Bitcoin Cash has had a higher BTC price before, even topping 0.2 BTC at some points. Pay less attention to the charts and more attention to your brain. |
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bitfornewbs
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Activity: 168
Merit: 10
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November 10, 2017, 09:53:04 PM |
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Hi,
I'm new here. Bought in to bitcoin at £5100, sold at £6050, then bought back in at £5400, but it seems to be dropping.
Should I trade all my BTC for BCH on the short term or is it too late to get in to BCH?
BCT seems to be losing me money by the minute.
Thanks.
Be patient and have faith. Short term investment is good if you really want to but for long term, don't do that. Bitcoin will stay at the top and will never be replaced. It's value will soon go higher just wait. Bitcoin is really the future. We don't really know what will happen to BCH but BTC has much more stable foundation. Many backers and investors. So don't lose faith. Choose what you think is right. |
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angaper
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November 10, 2017, 09:55:53 PM |
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I am worried about this usual tendency in many traders to react emotionally as soon as they see an abnormal movement of the markets. That's why it's always recommended to have a long-term plan to manage your investments without the pressure of the sudden swings that are frequently observed in the markets. If you are convinced of the inherent value of bitcoin, you should keep it in spite of the fact that there is now an important movement in Bitcoin Cash.
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squatz1
Legendary
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Merit: 1285
Flying Hellfish is a Commie
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November 10, 2017, 09:58:07 PM |
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Like it really matters on what you're trying to do with the Bitcoin that you currently have, are you trying to make some quick money and risk some of it to make some more money? Then yes, this may be the move at the moment to try to make a couple bucks off the spike in BCC.
I don't see a reason for the spike, so it could be some of people just pushing this hype to make some good money.
But if you're up to risking it then I'd say go for it, matters how much risk you want to expose yourself too.
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penig
Member
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Merit: 13
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November 10, 2017, 10:00:45 PM |
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You're looking at short term trading pattern and getting nervous. I was thinking same about switching some, but digging through Cryptomarketcap I noticed there's near $3bn (yep) of Bitcoin Cash traded on the Korean exchanges. For sure Bitcoin has been been selling off too, but most the Bitcoin Cash rise is new Korean cash flooding in.
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wisdomcn
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November 10, 2017, 10:02:34 PM |
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When it comes to trading, for you to succeed. You must learn how to keep your emotions at the door. Do not let your emotions to guide you will you trade. At this point the price of bitcoin is dropping this weekend but with the little understanding I have gotten have make me to know that most weekend the the price of bitcoin do drop.
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buharikx31
Sr. Member
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Merit: 258
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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November 10, 2017, 10:06:55 PM |
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Indeed, the price went down a lot of traders sold their bitcoins, to save the loses, but if you are looking for a long term investment my advice to keep the coins or invest BCH
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iL_P4driNo
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November 10, 2017, 10:09:54 PM |
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I suggest you to hold your btc and not gamble with bch. I don't think bch price will increase more than this.
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usmcvet11
Newbie
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Activity: 16
Merit: 0
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November 10, 2017, 10:12:21 PM |
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It's still falling and BCH is still rising.
I'm getting worried.
What you're observing is an arbitrary pattern. If you decide to sell some or all of your BTC in exchange for BCH, it will be based on the (unjust and late) assumption that this current trend will continue to occur. If true, this will only be the case due to other people having the same poor logic as you. Furthermore, Bitcoin Cash has had a higher BTC price before, even topping 0.2 BTC at some points. Pay less attention to the charts and more attention to your brain. i kinda wanna laugh because yes it has hit .200 but the price of btc at the time was so much lower just because its at 0.07xx bhc is at a all time high, basically your not giving him all the info he needs to make a clear decision on the topic |
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sloworm
Newbie
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November 10, 2017, 10:20:02 PM |
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BTC seems in some kind of trouble within its dev team, and the postphone of 2x forking has angered some. That is why BCH is booming in my opinion.
I don't think you would have a lot to oss if you spread your eggs in two basket.
Coinbaese, the largest exchange of BTC has promised to add BCH next year. I think there will be a surge in BCH price b4 it happens.
anyway bet what you could afford to loss, then you will be calmer.
Newbies always find grass greener on other side of the hill.
But it is not the truth sometimes.
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negancoin
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November 10, 2017, 10:27:22 PM |
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It's up to you, no one here can give the right answer, anyway, since you are newbie I highly recommend you to stay away from Bitcoin cash and stick with bitcoin. in your situation if I were I will put a sell order at £5600 in case bitcoin went down.
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