Its been $800 for a reeeeeallly long time.....

[favelle75]

Bitcoin is crashing now, at 2:30 AM EST (USA) it's just dropped to USD $770. HODL or sell?

Sell INTO a crash?  Why, so we can lose money? I can understand selling BEFORE a crash or at an all-time-high....but to sell after it loses 7-8%?  No thanks.  Sounds counterproductive.

[Sindelar1938]

Next week will be interesting, that's for sure

[billyjoeallen]

Bitcoin is crashing now, at 2:30 AM EST (USA) it's just dropped to USD $770. HODL or sell?

Sell INTO a crash?  Why, so we can lose money? I can understand selling BEFORE a crash or at an all-time-high....but to sell after it loses 7-8%?  No thanks.  Sounds counterproductive.

+1

BTFD

[traderCJ]

Bitcoin is crashing now, at 2:30 AM EST (USA) it's just dropped to USD $770. HODL or sell?

Sell INTO a crash?  Why, so we can lose money? I can understand selling BEFORE a crash or at an all-time-high....but to sell after it loses 7-8%?  No thanks.  Sounds counterproductive.

+1

BTFD

Bullshit.  Selling into a drop makes all the sense in the world if you understand the reason for the drop and anticipate further downward movement.

[Lloydie]

Reason for drop in your view traderCJ?

[traderCJ]

Reason for drop in your view traderCJ?

Background psychology: MtGox continues to flounder, worldwide regulatory uncertainty, mining centralization concerns, GOOD NEWS doesn't budge the price much anymore, however price has been stable @ $800
Foreground psychology: Bitfinex was either hacked or is glitching, Apple openly hostile to a yet another Bitcoin app, CampBX likely to implode, will the price drop tomorrow as the Bitfinex issues are more widely publicized?

Outcome: Best case, stabilized in the high $700s.

[billyjoeallen]

Bitcoin is crashing now, at 2:30 AM EST (USA) it's just dropped to USD $770. HODL or sell?

Sell INTO a crash?  Why, so we can lose money? I can understand selling BEFORE a crash or at an all-time-high....but to sell after it loses 7-8%?  No thanks.  Sounds counterproductive.

+1

BTFD

Bullshit.  Selling into a drop makes all the sense in the world if you understand the reason for the drop and anticipate further downward movement.

Thanks for you coins!

[Lloydie]

Reason for drop in your view traderCJ?

Background psychology: MtGox continues to flounder, worldwide regulatory uncertainty, mining centralization concerns, GOOD NEWS doesn't budge the price much anymore, however price has been stable @ $800
Foreground psychology: Bitfinex was either hacked or is glitching, Apple openly hostile to a yet another Bitcoin app, CampBX likely to implode, will the price drop tomorrow as the Bitfinex issues are more widely publicized?

Outcome: Best case, stabilized in the high $700s.

Thanks.

[TERA]

annnd.... back to $800

[banaltcoin]

Bitcoin is crashing now, at 2:30 AM EST (USA) it's just dropped to USD $770. HODL or sell?

Sell INTO a crash?  Why, so we can lose money? I can understand selling BEFORE a crash or at an all-time-high....but to sell after it loses 7-8%?  No thanks.  Sounds counterproductive.

selling in crash is to prevent lose more, if you don't sell, you are going to lose 10% 30% 50% 70% 99% until bitcoin goes $0, then you have nothing left.

[dg2010]

So I would argue that some volatility is good for bitcoin at this stage.

This is idiotic. For Bitcoin to become truly successful it needs a solid base of utility use and that requires some level of price stability.

What you basically want when you say more volatility is bigger gains to attract more fevered speculation, we don't need that.

[jamesc760]

"selling in crash is to prevent lose more, if you don't sell, you are going to lose 10% 30% 50% 70% 99% until bitcoin goes $0, then you have nothing left.

Whatever you do, do NOT be this guy. Bitcoin is not going to $0. Not for another ten years, if ever.