Sold earlier at $380....

[romerun]

the only time to sell is when you can use btc to buy everyday goods, implying btc has saturated, and no longer grows exp.

[Lauda]

the only time to sell is when you can use btc to buy everyday goods, implying btc has saturated, and no longer grows exp.

Correct. You shouldn't be cashing out unless you really need it.

[Mirsad]

lmao...
when are poeple going to learn.
only sell BTC when you actually want the dollars

Why only sell BTC, when you want to dollars?
Portofolio rebalancing?

Sell if the price goes up -> only tiny amounts (50% of the won $ in BTC from the last buy/sell)
and buy if the price goes down

Allways have $ ready to buy more coins.


Buy and Hold is absolutly ok for long term (5-10 years), but you haven't won anything if you never realise the "win".  Without cashing out (some amount) or buy some products with btc, you waste your money.

It's the same with the people who tell you "why did you sell @ 250$, you would have more cash now!" -> that's not true. At that point it was absolutly ok to take the profit, because noone can see the future. Just get over gone buy/sale possibilities.

[Wilhelm]

My "sensible" cashing out principles

Once you hit 10x or 100x your initial investment then take the investment out (1-10% of your total). You can no longer loose whatever happens.

Determine how much you need to live the rest of your life comfortably. Think realistic like $400,000.00 to $800,000.00
If you have your goal cash out 50-90% of your bitcoins for dollars, euro's, gold, whatever...
Make sure you did your taxes up to that point so you don't get in trouble
Invest a part in a house or other items that will set you for life, you now only need food and drinks to survive
The remaining 10-50% of bitcoins can be cashed out or used when needed. Hopefully they will become more so you can afford luxuries like a big ass boat, jetliner, etc....  

Live your life...

[Lauda]

My "sensible" cashing out principles

Once you hit 10x or 100x your initial investment then take the investment out (1-10% of your total). You can no longer loose whatever happens.

This is correct. Not many do however use this tactic.

[mvidetto]

My "sensible" cashing out principles

Once you hit 10x or 100x your initial investment then take the investment out (1-10% of your total). You can no longer loose whatever happens.

This is correct. Not many do however use this tactic.

Yeah but last I checked its almost impossible to pull a 10 folder in an investment.  But, bitcoin has done it again and again.

[Lauda]

Yeah but last I checked its almost impossible to pull a 10 folder in an investment.  But, bitcoin has done it again and again.

Bitcoin has done it many times and will likely continue to do so.

[thetopham]

pulling my hair out for selling at 200

[Lauda]

pulling my hair out for selling at 200

I've sold one for $120 

[DoomDumas]

Sold earlier at 1$, when should I buy back in ? 

[Ausversucht]

pulling my hair out for selling at 200

I've sold one for $120  

Sold ~3 for 300 back a few months ago.   That was the last big sale I made.   I mine my coins though,  and even though I do believe in bitcoin long term,  need money for Christmas


Just to add,  I got $300 for like 0.51 coins today.   I do like where we are heading.   

Now if only I still had the 250 I sold for $1000 last year. ....

[Lauda]

Sold earlier at 1$, when should I buy back in ? 

Buy in at $700 before it is too late. 

[Tzupy]

Money flow and stochastic RSI are quite low, but nothing is happening yet. Will this be a minor drop or a large one?

[Skybits]

Money flow and stochastic RSI are quite low, but nothing is happening yet. Will this be a minor drop or a large one?

if you use the stochastic RSI to gauge your trades, does anyone know if you buy after the line moves above 20 and sell after it drops below 80? if thats the case its a buy right now.

[UnDerDoG81]

Would have bought at 450$ but whyever, the cash at bitstamp came not on morning but on evening when the price was already back at 580$

I hope the price will go back down I have 13k$ on that account to spent but at 700$ I dont think its a good idea to buy or what do you guys think? If I had bought at 450$ that would already be a plus of 250$ per coin  

[over1977v]

Would have bought at 450$ but whyever, the cash bitstamp came not on morning but on evening when the price was already back at 580$

I hope the price will go back down I have 13k on that account but at 700$ I dont think its a good idea to buy or what do you guys mean? If I had bought at 450$ that would already be a plus of 150$ per coin 

Wait and see, there is only small possibility you wont be able to buy under 700$

Make buy orders at prices you feel comfortable with, these oppurtunities dont last long

[UnDerDoG81]

At the moment I dont feel comfortable at 700$ per BTC. I think I´ll have to wait and if the price drops, great, if not, will probably pay out the cash.

[Pruden]

At the moment I dont feel comfortable at 700$ per BTC. I think I´ll have to wait and if the price drops, great, if not, will probably pay out the cash.

Why not fractionalizing your purchase? That way, whatever way the price goes after your first buy, you win.