SELLING NOW = THE PEOPLE WHO SOLD WHEN IT DIPPED FROM $1000 TO $200

[Enjel]

Definitely you should hold most of your coins (way too early for "the crash", and BTC has survived much worse), but it is not a bad idea to hedge.

If you sell and get your principle back, you won't have terrible regrets no matter what happens. In fact, if you sell some at a high, you can then buy the dips.

Anyways, Novogratz predicts it will bounce between 10k-16k for a little while, and I think that is reasonable.

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[cryptodontus]

Definitely you should hold most of your coins (way too early for "the crash", and BTC has survived much worse), but it is not a bad idea to hedge.

If you sell and get your principle back, you won't have terrible regrets no matter what happens. In fact, if you sell some at a high, you can then buy the dips.

Anyways, Novogratz predicts it will bounce between 10k-16k for a little while, and I think that is reasonable.

There's money to be made playing bitcoin-usd swings, but if you ask me its not worth it when smart altcoin holdings can get you much bigger profits with little risk of being left behind in fiat.

[TERA2]

I think theres something wrong with your math. At this level, selling would be a 30% drop from ATH, not a 80% drop from ATH.

[South Park]

even i think to sell my bitcoin  blocking me.
my wallet ask me to pay 91$ to send 100$  it will be big lost if i sell now

You may try sending with a lower fee and then using a bitcoin accelerator and see if you are one of the lucky ones that can get their transaction accelerated for free, I know it sucks but currently the fees are very high and are not affordable for most people in the forum.

[BitcoinPC]

DONT DO IT!!! HOLD YOUR BITCOIN!!!! YOU WILL FEEL VERY FOOLISH WHEN IT HITS 25K IN LATE JANUARY-EARLY FEBRUARY!!!!!

Well i don't panic nor i follow my emotional. I know i have to hold my all bitcoins. I bought some few coins when the price was 19k and now its drop to 13k but i won't sell them, I don't want to feel regret again in future. I am pretty sure next year will bring happiness in our life and we shall see all time high of bitcoins next year.

[Bloomie]

DONT DO IT!!! HOLD YOUR BITCOIN!!!! YOU WILL FEEL VERY FOOLISH WHEN IT HITS 25K IN LATE JANUARY-EARLY FEBRUARY!!!!!

Well i don't panic nor i follow my emotional. I know i have to hold my all bitcoins. I bought some few coins when the price was 19k and now its drop to 13k but i won't sell them, I don't want to feel regret again in future. I am pretty sure next year will bring happiness in our life and we shall see all time high of bitcoins next year.

You should buy some more at the price now to offset your 19k purchase and average it out at a lower buy-in. The price will go back up but you should try to make a profit when it does, not just break even.

[hatshepsut93]

Definitely you should hold most of your coins (way too early for "the crash", and BTC has survived much worse), but it is not a bad idea to hedge.

If you sell and get your principle back, you won't have terrible regrets no matter what happens. In fact, if you sell some at a high, you can then buy the dips.

Anyways, Novogratz predicts it will bounce between 10k-16k for a little while, and I think that is reasonable.

With Bitcoin it's really hard to call highs and bottoms. The recent rally was super explosive - at first people were carefully predicting $6,000, then maybe $8,000 but despite the most brave predictions it went to $10,000 and eventually to $20,000. To those who got in at around $4,000 it would be a tough choice to call the top of $20,000 as every price jump was so big and could have easily be the top. Same thing goes for downward movements - it's always hard to tell how low will it crash. This means that for newcomers it's better to just hold for years, as there's no good way to call tops and bottoms on this market.

[okala]

DONT DO IT!!! HOLD YOUR BITCOIN!!!! YOU WILL FEEL VERY FOOLISH WHEN IT HITS 25K IN LATE JANUARY-EARLY FEBRUARY!!!!!

I did not see any reason why people are cannot hold there coins but are selling out of panic. We have had this experience many times this year and the price always go up after this happen. I believe that before middle of next February bitcoin will be trading above $25,000 and by then many will be regretting that the sold there coins below cost.

[STT]

Past performance is not an indication of future results as they say.  

 

Dow Theory says differently.  Thats a warning given to state nothing repeats simply as it did previously and I do agree with that point but also past events matter for reference.     I was just going to say I've been crypto since before Mt. Gox. blew up and I think that was the main influnce to the top that formed at 1000 and the drop afterwards.

The whole market was far more dependent on just BTC then it is now, we have some strong second place candidates now with different kinds of rhythm to them.     Also the market then was centralised to that exchange and without fully realising this price was not accurate, it was leveraged with the coins being counted twice.    So false accounting and too much trust in 1 company was a problem then, we wont exactly repeat that though its still true now that not enough wallet use occurs.

There is the ironic effect of forks, this encourages people to use wallets in order to claim the fork coins.    Ironic because I think this reinforces the BTC protocol by wallet use over these possibly insecure websites that are targeted by virtual thugs.

Also the drop took a long time, the speed of change now is far more rapid.   The main point would be to focus on the protocol not the price changes that occur in speculation of its changes.   I'm bullish on BTC if it fixes its logjam and puts power to transact back with the vast majority of users, serving the many over the few.

[Malsetid]

DONT DO IT!!! HOLD YOUR BITCOIN!!!! YOU WILL FEEL VERY FOOLISH WHEN IT HITS 25K IN LATE JANUARY-EARLY FEBRUARY!!!!!

Lol. Newbie mistakes. These people likely didn't have the time to evem read a little about bitcoin that's why a slight setback makes thrm abandon ship.

[btcone111]

Well, what about those who were able to sell at $800 and then rebought double the amount of BTC when it fell to $400?
 

[expert4knowledge]

Writting in MAJ does not replace decent arguments...

[Ararbermas]

According to Masterluc, its 10k.

It will be swinging between 10-16k for some time.

really?  Then its good news.  but im very curious maybe it will take s long time before the price goes to 10k cause as i see the price nowadays is 13k and the price is crashing slowly. Maybe the price will recover in mid of January after the price touch down the 10k value,.