Bitcoin Forum
December 12, 2017, 04:18:33 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: when should i sell a bitcoin?  (Read 1533 times)
BitcoinTraderFX
Member
**
Offline Offline

Activity: 98


View Profile WWW
November 27, 2013, 04:09:07 AM
 #21

@Anon. I thought Contrarian trading is a fundamental based trading. Based on economics of consumption and psychology.

www.QuantTech.us -- Artificially Intelligent Adaptive Algorithmic Trading Systems
1513095513
Hero Member
*
Offline Offline

Posts: 1513095513

View Profile Personal Message (Offline)

Ignore
1513095513
Reply with quote  #2

1513095513
Report to moderator
1513095513
Hero Member
*
Offline Offline

Posts: 1513095513

View Profile Personal Message (Offline)

Ignore
1513095513
Reply with quote  #2

1513095513
Report to moderator
1513095513
Hero Member
*
Offline Offline

Posts: 1513095513

View Profile Personal Message (Offline)

Ignore
1513095513
Reply with quote  #2

1513095513
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513095513
Hero Member
*
Offline Offline

Posts: 1513095513

View Profile Personal Message (Offline)

Ignore
1513095513
Reply with quote  #2

1513095513
Report to moderator
shmadz
Legendary
*
Offline Offline

Activity: 1512


@theshmadz


View Profile
November 27, 2013, 04:21:05 AM
 #22

I sold coins at 200, don't do it!

You sold bitcoin for fiat. I think the OP wants to sell his bitcoin for litecoin. Completely different scenario.

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
thetopham
Jr. Member
*
Offline Offline

Activity: 56


View Profile
November 27, 2013, 04:25:15 AM
 #23

I sold coins at 200, don't do it!

You sold bitcoin for fiat. I think the OP wants to sell his bitcoin for litecoin. Completely different scenario.

ohh my bad read it wrong

once I sold, now I hold: 1NmPGsSFQdRYbBQbYyBhVs7aiqYF7mpbAB
Buy Bitcoins: https://coinbase.com/?r=525e03600349f76de2000115
Buy Gold & Silver with Bitcoins: https://www.goldsilverbitcoin.com/index.php?plugin=wafp&controller=links&action=redirect&l=6&a=thetopham
shmadz
Legendary
*
Offline Offline

Activity: 1512


@theshmadz


View Profile
November 27, 2013, 04:34:28 AM
 #24

I sold coins at 200, don't do it!

You sold bitcoin for fiat. I think the OP wants to sell his bitcoin for litecoin. Completely different scenario.

ohh my bad read it wrong

no worries! and cheers dude! hold on to your crypto!  Grin

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
superkawaii
Member
**
Offline Offline

Activity: 72



View Profile
November 27, 2013, 04:37:52 AM
 #25

yeah i am definetly a buy and hold guy , i actually bought 5 bitcoins when they were 100usd per and i plan on holding

the only reason want (need) to sell that one bitcoin is i dont see any other easy way to put fiat on btc-e

after buying the litcoins i plan on holding for a long time

@BitcoinTraderFX thanks for that it was an interesting read
aminorex
Legendary
*
Online Online

Activity: 1344


Sine secretum non libertas


View Profile
November 27, 2013, 05:40:00 AM
 #26

bitcoin is such an abstract cocnept, no one knows what the right price is for it.

That's not true.  PQ=MV.  That defines the fundamental value of bitcoin.  When price exceeds the present value of the future valuation, sell.  When it is inferior to the discounted future value, buy.  The only thing difficult to estimate is PQ.  But we can but certain floors under it.  PQ must include at least 500 bn USD2013 from Western Union and Moneygram international remittances alone.  It must also include at least half of the UN-estimated 2tn USD2012 global black market.  It is likely to also include a substantial portion of the hadwalla network traffic and at least 30% of the GDP of the 4 minor central asian republics (where remittances are about half of GDP).
I think it is safe to say that unless there is some unforseen disaster a minimum value of BTC is 20 years is 15000 USD2013.  Apply your preferred discounting curve to that, and you probably won't go too high.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
Anon136
Legendary
*
Offline Offline

Activity: 1344



View Profile
November 27, 2013, 05:57:36 AM
 #27

bitcoin is such an abstract cocnept, no one knows what the right price is for it.

That's not true.  PQ=MV.  That defines the fundamental value of bitcoin.  When price exceeds the present value of the future valuation, sell.  When it is inferior to the discounted future value, buy.  The only thing difficult to estimate is PQ.  But we can but certain floors under it.  PQ must include at least 500 bn USD2013 from Western Union and Moneygram international remittances alone.  It must also include at least half of the UN-estimated 2tn USD2012 global black market.  It is likely to also include a substantial portion of the hadwalla network traffic and at least 30% of the GDP of the 4 minor central asian republics (where remittances are about half of GDP).
I think it is safe to say that unless there is some unforseen disaster a minimum value of BTC is 20 years is 15000 USD2013.  Apply your preferred discounting curve to that, and you probably won't go too high.


M= money supply, V= the velocity of money, P=prices, Q=quantity

how does this account for time? can you show me an example of you using this with actual data to make a prediction?

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!