buy back in - when?

[piramida]

Nah, I would suggest using downtrend to increase your position by *buying*. You can sell some when it's much above what you bought it for, and then use that cash to buy back lower. Once you sell anything below your buying price, you are fixing a loss that is absolutely not needed as the price would recover.

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[600watt]

i know it is a stupid advise, but it worked for me when i was cought in situations like yours:

buy back half (or a third) now.

whatever you lose or win, it is only half as bad after you did it. it will make you feel more relaxed and you can wait for the other half for better prices.

in addition, i can only repeat what others wrote: never play with all your coins. put the larger part in ice-cold storage. play with the smaller part to satisfy your temptations/panics.  

i keep 95% (cold) & 5 % (exchange). it´s still a thrill, but much less nerve wrecking.

[KFR]

That's actually pretty good advice under the circumstances.

[sumantso]

Good things come to those who are patient.

Best advise IMO.

I still think we are on a downtrend. Though it will be clear in 2-3 days.

[Salivan]

i know it is a stupid advise, but it worked for me when i was cought in situations like yours:

buy back half (or a third) now.

whatever you lose or win, it is only half as bad after you did it. it will make you feel more relaxed and you can wait for the other half for better prices.

in addition, i can only repeat what others wrote: never play with all your coins. put the larger part in ice-cold storage. play with the smaller part to satisfy your temptations/panics.  

i keep 95% (cold) & 5 % (exchange). it´s still a thrill, but much less nerve wrecking.

+1

[jones31]

Wait until the price stays down for a few days in a row.  It's only been spiking down recently.

The price is spiking up right now , what charts do you use , if you use any at all?
The price is around 950 from 700 in the last days.
Stop giving advices if you don't have a clue what you're talking about.

[UnDerDoG81]

Im in the same position and sold @780, waiting for a price dump back to ~7xx. I hope for the friday or saturday dump like it happened so often in the last 2-3 weeks.

[jones31]

Im in the same position and sold @780, waiting for a price dump back to ~7xx. I hope for the friday or saturday dump like it happened so often in the last 2-3 weeks.

Well , and why should a dump happen this week?
Why should a dump that would bring us to 700 happen?
Care to elaborate a bit on your scenario?

[Jcw188]

A little worried right now.  It appears to be in a downtrend, and we can't get over $1000.  Id' watch that number I think it's psychologically important.

[piramida]

Im in the same position and sold @780, waiting for a price dump back to ~7xx. I hope for the friday or saturday dump like it happened so often in the last 2-3 weeks.

Well , and why should a dump happen this week?
Why should a dump that would bring us to 700 happen?
Care to elaborate a bit on your scenario?

Because he wants to! That is as deep a strategy as 95% bears on this board use. "I sold at $129 to make a profit so current prices are unsustainable, bitcoin should cost $100". I think it is a period in life when small kids start to understand that the whole world is not rotating around them and their wishes; bitcoin can be a cruel teacher at that

[I_bitcoin]

Im in the same position and sold @780, waiting for a price dump back to ~7xx. I hope for the friday or saturday dump like it happened so often in the last 2-3 weeks.

This strategy has never worked for me.   Typically because I think like everyone else and thus prevent the outcome.   You are best off NOT thinking like everyone else and thinking about what people MIGHT be thinking in the future.

We know one thing.  The trend for Bitcoin has been remarkably positive and as we become more embedded in society the trend gets reinforced.

[humanitee]

I would watch China and act accordingly. They are looking really strong to me, so you might want to buy back at least 25%.

[jones31]

Im in the same position and sold @780, waiting for a price dump back to ~7xx. I hope for the friday or saturday dump like it happened so often in the last 2-3 weeks.

Well , and why should a dump happen this week?
Why should a dump that would bring us to 700 happen?
Care to elaborate a bit on your scenario?

Because he wants to! That is as deep a strategy as 95% bears on this board use. "I sold at $129 to make a profit so current prices are unsustainable, bitcoin should cost $100". I think it is a period in life when small kids start to understand that the whole world is not rotating around them and their wishes; bitcoin can be a cruel teacher at that

This strategy has proven so damn wrong so many times I don't know why people even try it these days.

The price of bitcoins is almost always not following the board feeling.

[Sitarow]

Im in the same position and sold @780, waiting for a price dump back to ~7xx. I hope for the friday or saturday dump like it happened so often in the last 2-3 weeks.

Well , and why should a dump happen this week?
Why should a dump that would bring us to 700 happen?
Care to elaborate a bit on your scenario?

Because he wants to! That is as deep a strategy as 95% bears on this board use. "I sold at $129 to make a profit so current prices are unsustainable, bitcoin should cost $100". I think it is a period in life when small kids start to understand that the whole world is not rotating around them and their wishes; bitcoin can be a cruel teacher at that

This strategy has proven so damn wrong so many times I don't know why people even try it these days.

The price of bitcoins is almost always not following the board feeling.

One can look at sentiment as the primary driver for price for so long.

Anyone who does not look at the other potential factors are limiting the true vision of this technology sector and what benefits it will and can bring to society.

Factors such as what it costs to generate a btc or validate and secure the block chain, or the emerging options for the general public to use Bitcoin as a currency, commodity, or securities (EFT).

Other proposed uses of the network that we may see in the not so distant future could be for elections and voting, Public registrar of property rights and so on, and even goods trade agreements between continents and agencies.

[hd060053]

you should panic buy now, it will go above 1000 today, and probably wont come back,

ath in the next 2 weeks

[I_bitcoin]

you should panic buy now, it will go above 1000 today, and probably wont come back,

ath in the next 2 weeks

Holy crap, almost back to 1k on gox.   

[Ibian]

Don't think we will see sub-800 again. Maybe not even sub-900. Someone call me on this in a week. PM me for good measure if I'm wrong.

[UnDerDoG81]

I said I hope, I did not say I´m sure. I know it was stupid to sell but I did and cant change the past anymore.

[Tirapon]

Good things come to those who are patient.

I sold some coins at $100 after the SR shutdown. This was after the initial selloff, which I missed, in the hope of a further selloff (I was looking to increase my coins)

I then was hung up on whether or not to buy back in, once price had recovered and was pushing up past $150. In the end, I decided to use some of the fiat to pay bills, and keep the rest to wait for a dip.

The dip never came. Fortunately I decided to put the remainder on Litecoin at around $2.

[move_zig]

I increased my position at $850 on the way down. In hindsight, I could have gotten them cheaper, but any price you buy in at today will seem ridiculously cheap in 10 years.

I've said it before, but this quote seems applicable:

“The best time to plant a tree was 20 years ago. The second best time is now.” –Chinese Proverb