Long or Short since Bitcoin reached 8800 again?

[magneto]

Long, always long. I hold bitcoin because I believe it is and will be the best coin, so I don’t care that much about the price. I am fully aware that it is a highly volatile asset, so I take what has happened in the past months for granted. It reached 19k too fast, so now we are in a consolidation phase.

I have been long since 2013 and I see no reason why I should not continue being long as I believe in the future of bitcoin. I did a little bit of shorting anyway when the market had a bull rally and it simply showed some possibility of downtrend and I got back long at $6200.

So, I guess I have to wait to see how that turns out eventually. Nothing much is going on in the market apart from the recent news, but it seems that is not sufficient enough to give the market a good boost.

I think that he is talking about the short term.

Long term speaking, I am also extremely bullish on bitcoin. I think that as soon as mass adoption starts to happen and people stop worrying about regulation which doesn't even affect how bitcoin is used and we consolidate for enough time, we will be able to see a pump around the same size or even bigger than the 2017 pump. Sky's the limit for bitcoin in the long run.

But for now, we've dropped back to $8500 after attempting to break $9000 at the start of the day. Resistance is pretty strong for sure. I would be careful going long or short with any sort of leverage here. Either hold your coin that you've already got, or wait until we get to around $9.3k to buy in as the uptrend is confirmed if that resistance is breached. I think we should still see $9k+ by the end of month, however.

[1714023404]

1714023404

[davinchi]

Depends on your risk appetite IMO. Like with all investments all your supposed moves should depend on how well you tolerate risks and your investment goals.

Well, tolerating risk and investment goals may work for someone who is actually holding which is not bad anyway. However, for a trader, it is just to play with the patterns and see how things eventually go. For me right now, I am just plain and looking to see how things would end up. The market is really just not giving me those vibes yet for any much activity but I am eagerly waiting to see how the whole thing eventually unfolds by next week and April.

But, we can expect something new from 2nd quarter of this year. New in the sense of something like a trend change, in last 4 months we are facing downward trend and more fluctuations and in these two, fluctuations may stay with us and upward trend may start .

[lablab03]

 On this scenario that always happen maybe i will choose short-term 'cause the price always fall back when the price goes to 8k as we noticed its been 2 times attempts to surge and it always fall, so to assured that our money is safe buy dip and sell at 8k 'cause for sure the price will manipulate again and again due to whales that always swing the price back after the uptrend.

[bozo333]

On this scenario that always happen maybe i will choose short-term 'cause the price always fall back when the price goes to 8k as we noticed its been 2 times attempts to surge and it always fall, so to assured that our money is safe buy dip and sell at 8k 'cause for sure the price will manipulate again and again due to whales that always swing the price back after the uptrend.

Your reason is not exactly suitable for short term investment. price are fluctuating in due to whales I agree your point. But Long term investment is reduce the risk and we don't panic in any situation so I will always prefer long term investment is the best way to protect our investment and it will failed in future.

[Omega Weapon]

I am still short from above $14k when I lost my nerve (now glad I did) and I am still waiting for a good bottom to jump back into. I did pick a little bit up back when we were near $6k, but I am still waiting for the big "mother of all buys".

I trade a small amount in-between to keep from getting bored, but I don't think we have reached the real bottom quite yet. I could be wrong, but then again I have plenty of room to get back in again before I lose any money, or more correctly lose any Bitcoin.

I do not think we are going to see a price below 6000 you should have taken the opportunity to buy at that price, it was less than a third of the all time high that bitcoin reached just a few months ago however you could be right the price of bitcoin could go lower and you could buy even more bitcoin when it happens but you are taking a huge risk because if that doesn't happen and you don't have bitcoin when the price begins to grow you will lose a lot of money.

[Herbert2020]

I am still short from above $14k when I lost my nerve (now glad I did) and I am still waiting for a good bottom to jump back into. I did pick a little bit up back when we were near $6k, but I am still waiting for the big "mother of all buys".

I trade a small amount in-between to keep from getting bored, but I don't think we have reached the real bottom quite yet. I could be wrong, but then again I have plenty of room to get back in again before I lose any money, or more correctly lose any Bitcoin.

I do not think we are going to see a price below 6000 you should have taken the opportunity to buy at that price, it was less than a third of the all time high that bitcoin reached just a few months ago however you could be right the price of bitcoin could go lower and you could buy even more bitcoin when it happens but you are taking a huge risk because if that doesn't happen and you don't have bitcoin when the price begins to grow you will lose a lot of money.

$6500 has been showing a good support so far and price had a nice recovery from that bottom, and although i don't like saying never when it comes to bitcoin but it seems like you are correct about it. we have already seen a HUGE drop from the ATH and that has to count for something.
as for buying the best strategy is to buy at least some amount in this dip so that you have not completely missed the chance and also not to go all in at the same time so that you still have some money left for possible lower prices.

[batang_bitcoin]

It is just hard for a Virgin like me in this Bear Trend  to Survive 

Haha better use the term new instead of virgin. You are also with my friends who are in the same situation but you guys need to do is focus on your goals and what you really want in bitcoin. If you want to short then short if you want for longer term then go for it. But I choose to be long term with bitcoin and I've been always bullish with it.

[fabiorem]

Long. Im not going to sell anything at this ridiculous price.

However, if it keeps falling, perhaps I will buy more.

I was wondering these days if the price of bitcoin in May 2018 will be the same price of May 2017. I regret not having bought more back then... maybe if we fall to that price just for some days, I can load my bag, and then we can depart to new heights. Also it would be a 90% fall from previous ATH, so a very deep bottom.

[Denker]

Long. Im not going to sell anything at this ridiculous price.

However, if it keeps falling, perhaps I will buy more.

I was wondering these days if the price of bitcoin in May 2018 will be the same price of May 2017. I regret not having bought more back then... maybe if we fall to that price just for some days, I can load my bag, and then we can depart to new heights. Also it would be a 90% fall from previous ATH, so a very deep bottom.

I wouldn't sell here either. If the price dips more, awesome! Just buy.And then hold!
In a few years this will pay off with huge ROI.
But until then it will be tough times.With major up and down swings. Manipulation in the market and dirty FUD by MSM and incumbents just to separate you from your precious coins!
Nobody should ever say again is hodling is easy. Because it is not.

[noormcs5]

It is not a panic situation, we should wait for a time, bitcoin will be reached more than it. We don't forget the start of 2017, bitcoin price was normal but in the mid of 2017 bitcoin suddenly grow and that was a good time for bitcoin-users and once again this time will come in 2018. So it is not important that bitcoin have reached at $8800, see now bitcoin is $7002.