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Author Topic: sold at $600. what to do?  (Read 7142 times)
Adrian-x
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November 22, 2013, 07:24:30 PM
 #41

Best advice:
Never follow advise like "Buy back IN NOW!!!" -> most of the time it's a bulltrap and you could just have waited and bought more coins.
Also good advice,
Although
I'm still wafting on the $13 coins I sold in January.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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noob2001
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November 22, 2013, 07:25:50 PM
 #42

punch yourself in the head, and buy
UnDerDoG81
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November 22, 2013, 07:26:58 PM
 #43

Litecoin went up from 4$ to 9$ on Nov. 18th. Maybe that was the better choice  Smiley

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Ibian
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November 22, 2013, 07:28:29 PM
 #44

Litecoin went up from 4$ to 9$ on Nov. 18th. Maybe that was the better choice  Smiley
Not convinced until I see a year+ graph.

There is no bubble.
notme
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November 22, 2013, 07:29:14 PM
 #45

Litecoin went up from 4$ to 9$ on Nov. 18th. Maybe that was the better choice  Smiley
Not convinced until I see a year+ graph.

http://www.ltc-charts.com/
http://www.cryptocoincharts.info/

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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romerun
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November 22, 2013, 07:29:22 PM
 #46

no big deal, buy back bro, could be the last time we see 3 digits price

Well, about litecoin, it shouldn't be bench marked against USD, but btc, any investment in cryptcoins has to value against BTC
jzcjca00
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November 22, 2013, 07:38:15 PM
 #47

You have two options.  If you buy in now, you might not get the best price.  However, if you wait for a better price, you might never get back in.

I would probably set multiple limit buy orders, perhaps at 5%, 15%, and 25% below the current price.  The next flash crash could easily get down below $600.  

If you can get the fiat quickly to a cheaper exchange, definitely buy there.  However, if you sold on Gox, you'll have to buy back in at Gox prices.  You could miss a lot of run up waiting for an international wire.

"Buy and hold" is the safest strategy in a rapidly rising market.

Tips much appreciated! 1PPJHDawPvjh6MEzsvXrMYLgpLmyAaNXUc
emanymton
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November 22, 2013, 07:40:26 PM
 #48

Look at the history and make up your mind for yourself. TA or tea leaves it doesn't really matter.
Understand that everybody on here has an agenda of their own and don't put your faith in anonymous people on a board.
Most of all don't invest more than you can afford to lose.

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November 22, 2013, 07:41:04 PM
 #49

Im sure given the attention Bitcoin got lately, it is much more likely to rise big than stay under $1000

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November 22, 2013, 07:41:23 PM
 #50

Litecoin went up from 4$ to 9$ on Nov. 18th. Maybe that was the better choice  Smiley

Yeah but for the past few weeks Bitcoin has gone up far much more then that. I know Litecoin is tempting, but it hasn't really gone up much against bitcoin at all. 0.0009 to 0.0014 at the most, I'm not so impressed. Bitcoin has been going up much faster in comparison.

If perhaps you could have timed it perfectly, then yes it would have been a great deal. But like always. It's gambling at best.
 

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Coinseeker
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November 22, 2013, 07:43:48 PM
 #51

Litecoin went up from 4$ to 9$ on Nov. 18th. Maybe that was the better choice  Smiley

Yeah but for the past few weeks Bitcoin has gone up far much more then that. I know Litecoin is tempting, but it hasn't really gone up much against bitcoin at all. 0.0009 to 0.0014 at the most, I'm not so impressed. Bitcoin has been going up much faster in comparison.

If perhaps you could have timed it perfectly, then yes it would have been a great deal. But like always. It's gambling at best.
 

That's true.  I was lucky, made money while it was climbing but it failed to break $10, while BTC just kept going.

If your ignore button isn't glowing, you're doing it wrong.
jzcjca00
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November 22, 2013, 07:48:57 PM
 #52

This thread is quite bullish. Panic buying is in the air Cheesy

With the number of recent articles, plus Google Trends now saying searches for the term "Bitcoin" are at an all-time high, panic buying cannot be far behind.  These newcomers will buy in a panic at each new ATH, then dump it all in a panic after the first major correction.  I almost feel sorry for them, but not quite.

We hit an ATH on Bitstamp this morning, but we're not there yet on the other major exchanges, so this is not a terrible place for OP to buy back in.

Tips much appreciated! 1PPJHDawPvjh6MEzsvXrMYLgpLmyAaNXUc
bitmarket.io
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November 22, 2013, 07:50:24 PM
 #53

i freaked out and sold a large portion of my coins around $600, suspecting the price would continue to oscillate between $400-700 for a couple weeks... (i know)

do I

A) wait it out hoping for a better price to get back in
B) take a loss and buy back in at $750
C) ??

thanks guys

I just purchased 50 @ 770.  I sold at 630. Here's why I bought:

  • People are eager to see it at 1K+
  • Lots of money moved a couple days ago, the price fell like a domino effect but it bounced back after it dropped $250, then people started buying like crazy again, boosting it back up.  This tells me it's stabilizing and it won't just die in one day, and the worst I could lose is 30% of my investment if things got really bad.
  • It's also the end of the FISCAL year for lots of businesses and tax time is about.  I wonder how tempted people will be to test the IRS now that so many know about BTC.
  • If gold can hit $2K+, so can BTC. Esp. now that so many are selling precious metals for BTC. You can also see the price of those metals continuously drop.
  • It's approaching holiday season December and lots of money will be moving globally
firstlast
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November 22, 2013, 07:53:17 PM
 #54

Take that fiat you now have and buy yourself a trip to space. You'll forget about all this selling low buying higher nonsense.
UnDerDoG81
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November 22, 2013, 07:59:26 PM
 #55

Litecoin went up from 4$ to 9$ on Nov. 18th. Maybe that was the better choice  Smiley

Yeah but for the past few weeks Bitcoin has gone up far much more then that. I know Litecoin is tempting, but it hasn't really gone up much against bitcoin at all. 0.0009 to 0.0014 at the most, I'm not so impressed. Bitcoin has been going up much faster in comparison.

If perhaps you could have timed it perfectly, then yes it would have been a great deal. But like always. It's gambling at best.
 

Well, I have taken a look to litecoins 10 mins ago the first time. It was just an comment. I dont know Litecoins but all I said was, if you bought LTCs for 4$ you would have doubled your money. But as it always is, you never know what will happen in future. Of course you are right.

The BTC price is too stable at the moment. I dont know if this is the silence before the storm or if the price has stabled and will keep on this level for a couple of months (like in april). But I dont feel comfortable to buy in at 760$ where I missed the 500$ 2 days ago :/

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digitalfog
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November 22, 2013, 08:09:14 PM
 #56

I don't think the Bitcoin naysayers understand the massive financial/currency/asset markets that exist *now. 

In real terms, Bitcoin has not even dipped its tiny toe into the global financial pool.  When it does, you'll be
kicking yourself at how cheap $600 per Bitcoin was.  Bitcoin will probably be trading as mBTC and one millibitcoin
will be worth $100.00.



   


John999
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November 22, 2013, 08:21:17 PM
 #57

Look at the history and make up your mind for yourself. TA or tea leaves it doesn't really matter.
Understand that everybody on here has an agenda of their own and don't put your faith in anonymous people on a board.
Most of all don't invest more than you can afford to lose.


Wise words.
mvidetto
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November 22, 2013, 08:25:22 PM
 #58

It just seems like with all of the people waiting on the sidelines a major dump could punch a big dip into the price.  One 10k dump and all of the fear will hit the market.
Adrian-x
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November 22, 2013, 08:28:26 PM
 #59

Look at the history and make up your mind for yourself. TA or tea leaves it doesn't really matter.
Understand that everybody on here has an agenda of their own and don't put your faith in anonymous people on a board.
Most of all don't invest more than you can afford to lose.

The best advice so far.

I'd not emphasize the history though. Look to the future.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
Fernandez
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November 22, 2013, 08:33:09 PM
 #60

Put on a tutu and do a bear dance.






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