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Author Topic: BTC at $205? Should I buy into a rally?  (Read 8708 times)
bitcoinrocks
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November 03, 2013, 06:05:41 PM
 #1

I've been waiting for BTC to come back down so I can buy more but it's not cooperating.  Will I be left behind or is this a bubble?
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plato14
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November 03, 2013, 06:10:26 PM
 #2

Fuck ya ...
BUY BUY BUY!!!!!!! HURRY!!!
Caesar V
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November 03, 2013, 06:25:04 PM
 #3

I've been waiting for BTC to come back down so I can buy more but it's not cooperating.  Will I be left behind or is this a bubble?
If you really don't want to take risks then I would just wait for a crash, buy into that rather than a rally.
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November 03, 2013, 06:34:12 PM
 #4

if your ever unsure about when to trade, dont throw all your stash into that gamble. risk half of your stash. that way if it pays off your still profiting, if it doesnt, you still have cash left over to buy in at the cheaper price (thus averaging down the first orders cost)

i personally break orders down into 5-10 different price points and never sell on a loss. and if i had 50% stash already in waiting for a sell point to hit, i wait for an adequate price drop to compensate, EG not buy in on a $2 drop if im waiting for a $10 rise.. (id wait for atleast a $10 drop to buy in and then wait for the correction)

theres many ways to limit risk, just dont be foolish throwing it all in at one order price. because you end up being foolish selling at a loss thinking you can profit on the next dump and ramp

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bitcoin carpenter
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November 03, 2013, 06:37:29 PM
 #5

205 was the dip for this week...
Get ready for235


 
 
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bitcoin carpenter
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November 03, 2013, 06:40:32 PM
 #6

Just watch btc China for now if the price is above go and climbing buy in at bitstamp... When it is below Mt go and dropping sell


 
 
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Rluner
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November 03, 2013, 06:41:35 PM
 #7

That's got to be your call. Read as much as you can about bitcoin. You need to make the call for yourself.
 
However, don't ever risk more money than you are willing to lose.
tutkarz
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November 03, 2013, 06:41:39 PM
 #8

buy, forget, hold few years. Profit.

600watt
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November 03, 2013, 06:44:21 PM
 #9

if your ever unsure about when to trade, dont throw all your stash into that gamble. risk half of your stash. that way if it pays off your still profiting, if it doesnt, you still have cash left over to buy in at the cheaper price (thus averaging down the first orders cost)

i personally break orders down into 5-10 different price points and never sell on a loss. and if i had 50% stash already in waiting for a sell point to hit, i wait for an adequate price drop to compensate, EG not buy in on a $2 drop if im waiting for a $10 rise.. (id wait for atleast a $10 drop to buy in and then wait for the correction)

theres many ways to limit risk, just dont be foolish throwing it all in at one order price. because you end up being foolish selling at a loss thinking you can profit on the next dump and ramp

+1


this way you might miss the biggest possible gain, but you are safe not to buy at the peak.

generally, in my opinion, it is ok to buy into bitcoin rally since this rally will take it to 4 digits sooner or later.
rpietila
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November 03, 2013, 06:47:59 PM
 #10

buy, forget, hold few years. Profit.

+1.

64% of the weeks are actually positive for bitcoin, only 36% have been negative.
Birdy
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November 03, 2013, 06:51:21 PM
 #11

buy, forget, hold few years. Profit.
forgetting is the hardest part, I'm too curious for that xD
justusranvier
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November 03, 2013, 06:55:13 PM
 #12

64% of the weeks are actually positive for bitcoin, only 36% have been negative.
Holding periodPercent positivePercent negative
1 day55.9%40.0%
7 days63.9%36.1%
30 days63.0%37.0%
60 days73.2%26.8%
90 days78.8%21.2%
365 days89.3%10.7%
730 days100%0%
bitcoinrocks
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November 03, 2013, 07:05:21 PM
 #13

Quote
i personally break orders down into 5-10 different price points and never sell on a loss. and if i had 50% stash already in waiting for a sell point to hit, i wait for an adequate price drop to compensate, EG not buy in on a $2 drop if im waiting for a $10 rise.. (id wait for atleast a $10 drop to buy in and then wait for the correction)

This sounds really interesting.  So always wait to buy until there is a drop equal to the rise that would cause you to sell?

Quote
buy, forget, hold few years. Profit.

I think this is a great idea, but when to buy and when not to buy?  Every week or so I get more comfortable and I want to buy more.  What about when the urge to buy is in the middle(?) of a major rally like this?
MAbtc
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November 03, 2013, 07:14:13 PM
 #14

(Shrug) I have no idea these days. Momentum kept dropping but keeps bouncing. I sold a bunch at $198-199 BTC-E and proceeded to buy it all back at very negligible profit. I'm not gonna trade this market for a while. My feeling is that I can probably accumulate more BTC other ways...
smoothie
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November 03, 2013, 07:18:33 PM
 #15

I think most here underestimate the short-term price spike that may materialize in the next 60 days.

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zuckerant
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November 03, 2013, 07:20:27 PM
 #16

As a newbie I got burned last week with an all-in. Now I sell some coins during the rally if I have done an all-in again or hold cash back for a crash. Better to make small profit than no profit. Or you buy in and wait. I decided to sell in the middle of the crash and buy back at lower prices so I could reduce the loss of possible profit. Had luck and worked in some way. Could have waited and still got profit now, but less. Or more with bad luck. Smiley

Still, transaction costs are a bitch. Fortunately they get lower with more trading. I don't trust BTC-trading on btc-e and hold my coins there until more BTCs are traded.
windjc
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November 03, 2013, 07:21:56 PM
 #17

This rally today is surprising anyone?Huh!!!!

With all the press last week, the delayed effect to money coming into the markets, the fact that Bitstamp hasn't processed wires for what will be 4 days by tomorrow?

This means everyone is expecting an influx of capital to the markets.

Its pretty obvious isn't it that these markets want to AT LEAST test the ATHs?

That doesn't mean we are going to the moon, but ALL INDICATORS point to higher this week. Every. Single. One.

I think we are going up for 2 weeks and we are going to test the ATH on Mtgox.   I don't think we will test the ATH on Bitstamp unless there is a real run.

But to think we are going down here barring unforeseen news, I just don't know how you justify that prediction.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
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November 03, 2013, 07:25:51 PM
 #18

I think most here underestimate the short-term price spike that may materialize in the next 60 days.

+1
600watt
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November 03, 2013, 07:52:17 PM
 #19

ath this coming week. quote me  Wink.
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November 03, 2013, 08:21:46 PM
 #20

ath this coming week. quote me  Wink.

Quoted  Grin

Oh, and I share your sentiment. I am 95% in.

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