Bitcoin Price Will Drop - Sell Your Bitcoins - Part II - Get 180% Profit

[b18Rp]

So you sell your Bitcoins and get either USD or EUR. Now invest, get 80% profit in let say 3 ( three ) months, then 80% profit change to Bitcoin back, and yes you have previous BTC in cash plus new Bitcoins too.  You can also reinvest cash oncemore and get more 80% BTC.
Thanks forum members for previous inputs, if you do not agree that Bitcoin price will drop, just wait for it. Simple. 

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[jackg]

I think a lot of people here generally have a micro, active and passive parts to their portfolio.

I can say I have sold most of my active part when we were at 10k. I don't know if we are going up and down and my alt-active portfolio still remains intact and at the same value its had for a while...

I think most people will have sold portions of their active btc assets as we've gone up, at least because we've gone up though it's hard to keep track of things atm because there seems to be about as many bears as there are bulls (to which we could probably fluctuate sideways for some time).

[Febo]

What you are saying is a bit confusing.

You say that we should sell BTC and hold EUR and USD for about 3 months and then buy back Bitcoin at $6000?

[tbterryboy]

Separating newbie accounts from other accounts is really a big must for bitcointalk. I get it you make money from the ads that your forum gets but simply just ask people to write 10 posts first (not topic, just posts or replies) and make them stay hidden until accepted, and that way bitcointalk would have a writers test that would allow only the people who talk in coherent sentences to be here.

The idea is not absurd, of course bitcoin could go down, or it could go up, or it could stay around same, there is 33% chance for each of them. Even bitcoin may fall down, it will quickly bounce back to $10k region how it has done multiple times in last 12 to 15 months. So, I am not having any plan to sell now and to buy back because I do not want to miss the rally if bitcoin rises toward $12k from here.

[bitbunnny]

What you are saying is a bit confusing.

You say that we should sell BTC and hold EUR and USD for about 3 months and then buy back Bitcoin at $6000?

It.doesn't make any sense.
Besides I don't know why would someone actually listen to such advice and the only purpose that I can see here is to confuse people.
This are just some silly ideas without any ground and support with analysis, data and similar so why to pay attention at all.

[carter34]

without any ground and support with analysis, data and similar so why to pay attention at all.

Yes I think op should do more of convincing rather than throwing it up like that to people. He might have seen that in his chart but reasonably, he can do open chart or better analysis on the fall and not to believe users to start getting panic to sell off just like that.

[STT]

i'll throw up a chart, prior trend forming a top in very short term price action.   Just so happened todays action matches it and suggests bearish action is not ended.   Could be invalid still, just think its quite funny how closely it matches something I drew ages ago.    Still seems to be the case we presume a little too much the price continues upwards, to me it seems far too hesitant to give me confidence its now reliable in that direction and if market itself forms doubts the speculators will pull their money.   Doesnt take that much to roll back when going uphill.

[chaser15]

So you sell your Bitcoins and get either USD or EUR. Now invest, get 80% profit in let say 3 ( three ) months, then 80% profit change to Bitcoin back, and yes you have previous BTC in cash plus new Bitcoins too.  You can also reinvest cash oncemore and get more 80% BTC.
Thanks forum members for previous inputs, if you do not agree that Bitcoin price will drop, just wait for it. Simple. 

Not disagree with your idea. We are in Speculation thread after all.

But still, a simple analysis came from your own instincts without supporting details.

If that's work for you then good.

Best of luck then.

[exstasie]

No charts, no fundamentals, no nothing? These numbers look like the OP pulled them straight out of his ass.

At least it's comforting knowing there are still some bears out there.

[jackg]

These numbers look like the OP pulled them straight out of his ass.

It's quite a conservative estimate too based on what other bears are suggesting. I don't know where the 180% profit came from, at this point maybe he thinks we'll just about break down to 5.5k-5k but that's not really stated...

At least it's comforting knowing there are still some bears out there.

I'm seeing about a 50/50 split with most people, other than the superbulls that'll never be bearish (the people I autmoatically class as hodlers).


The way I see it:
Short term: bullish (potentially $10-12k in the next few weeks)
Mid term: bearish (down to 3-6k)
Long term: bullish to 50-90k (inflation adjusted based on what's going on with the stock market - we might see a $300k bitcoin if enough retail sell a tiny proportion for risk)

(my mid term estimate has no fundamentals and the only analysis assumes a descending rectangle - it could be completely ignored)

i'll throw up a chart, prior trend forming a top in very short term price action.   Just so happened todays action matches it and suggests bearish action is not ended.   Could be invalid still, just think its quite funny how closely it matches something I drew ages ago.    Still seems to be the case we presume a little too much the price continues upwards, to me it seems far too hesitant to give me confidence its now reliable in that direction and if market itself forms doubts the speculators will pull their money.

Hmmm so you think stagnation or even a small incline here is actually similiar to slow decline in price?
People are just going to start pulling out here and keep doing so if we don't move anywhere.
I just wakt for a movement after stagnation like this and hope i can catch it in a direction (or catch the move's complement/reversal later on)...

[exstasie]

At least it's comforting knowing there are still some bears out there.

I'm seeing about a 50/50 split with most people, other than the superbulls that'll never be bearish (the people I autmoatically class as hodlers).

Good to know. What do you look at to measure sentiment? I haven't been watching Twitter much these days. I'm mostly just looking at margin data, the forum, and a handful of traders I follow. All seem to indicate people are more bullish than 50/50 though.

[jackg]

Good to know. What do you look at to measure sentiment? I haven't been watching Twitter much these days. I'm mostly just looking at margin data, the forum, and a handful of traders I follow. All seem to indicate people are more bullish than 50/50 though.

It's mainly based on what I can find on this forum although I also take into account SOME YouTube videos (often stuff I watch about the stock market). You can normally tell if a person knows something remotely about what they're saying or not and I'm not sure about twitter, the character limit always seems quite constraining when looking at posts.

I have economics and speculation board on notify too (so I can have a quick read of the titles as they come in) and that adds an additional point for people who actually know where to post but they all seemed to be around 50/50.

Edit: I also use telegram a bit too...

[exstasie]

Good to know. What do you look at to measure sentiment? I haven't been watching Twitter much these days. I'm mostly just looking at margin data, the forum, and a handful of traders I follow. All seem to indicate people are more bullish than 50/50 though.

It's mainly based on what I can find on this forum although I also take into account SOME YouTube videos (often stuff I watch about the stock market). You can normally tell if a person knows something remotely about what they're saying or not and I'm not sure about twitter, the character limit always seems quite constraining when looking at posts.

So you just browse through market stuff? Or otherwise what are some of the channels you watch? I've always steered clear of Youtube because it seems awash with scams and pump-and-dump stuff, but if you've got any good suggestions.....

On Twitter I'm mostly looking at charts and bull vs. bear surveys, not deep analysis. They also doubled the character limit some time ago, allowing for a lot more elaboration. It doesn't take many characters to indicate if you're bullish or bearish anyway.

I need to re-curate my feed though. Too many permabull and hodler types. I need more active traders.