Benjig
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June 10, 2014, 12:58:35 AM |
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not all the rallies work the same, if you try to catch the peak you also can miss the real price, better to hold until the water is calm
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rocks
Legendary
Offline
Activity: 1153
Merit: 1000
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June 10, 2014, 01:10:01 AM |
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Will only sell once I don't have to.
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BitcoinHeroes
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June 10, 2014, 08:57:30 AM |
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Going to sell at $1000 this time, the last time was greedy and wanted $2000..
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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June 10, 2014, 10:39:48 AM |
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If you want to make real money you gotta hold alot more than till nearest rally incoming I agree, I'll sell at a predetermined price but unless this next rally is a rally way beyond anything we've seen before, it'll not be in this rally or maybe even in the one after. anything we've seen before? the biggest rally so far was a 31x increase in price, so if that would repeat, it would end at approximately 40k per coin. truth is, you can cash out part of your stash after about 1-2 months of double exponential growth. PS and selling at 1000 into this rally would be like selling at 100 during the last one. i.e. quite stupid
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i am satoshi
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Ilsk
Legendary
Offline
Activity: 834
Merit: 1015
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June 10, 2014, 11:01:36 AM |
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I would be ok with 5000, but only to try to buy cheaper later.
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Swordsoffreedom
Legendary
Offline
Activity: 2912
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
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June 10, 2014, 11:17:27 AM |
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At the All time High or 20 to 50% above that level would be my selling price However it depends on sentiment and how long it would take to refill that position So disbursements variate
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DolanDuck
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June 10, 2014, 12:27:36 PM |
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Going to sell at $1000 this time, the last time was greedy and wanted $2000..
The next peak won't be near $1000 but almost at 2000-3000$, the history of the btc charts have spoken, not me
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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transit
Member
Offline
Activity: 85
Merit: 10
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June 10, 2014, 06:30:54 PM |
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Everybody is going to sell @ 800-900-1000
I'll wait until we pass the last ATH.
Last time was the same @ 100-200ish, then it went to the moon. I expect 1-digit increment per year rally.
This time should be 10k USD per BTC.
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hellscabane
Legendary
Offline
Activity: 896
Merit: 1000
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June 10, 2014, 07:22:16 PM |
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I intend to keep my liquid assets at no more than 90% Bitcoin. So I will sell at price points along the way up to ensure that ratio is maintained. Thus if my Bitcoin assets increase in value and my liquid assets are now worth $10 million, I will have at least $1 million in USD.
For some reason, this seems like the most lucid stream of thought. As for me though, I'll be selling a portion of my holdings at around 900-1250 and an even greater portion if it gets to 1500-2000. If it dips after getting to those powers, great! If it keeps going up, I fine with that also. After all, if you want more money, you should make the money you currently have work for you.
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sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
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June 10, 2014, 09:12:00 PM |
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I sell a small percentage 6 times per 10x increase... kinda like this
$1,394 $2,047 $3,004 $4,410 $6,472 $9,500
Then optimistically at... $13,944 $20,467 $30,042 $44,095 $64,723 $95,000
Then theoretically at.... $139,441 $204,671 $300,416 $440,951 $647,227 $950,000
but morpheus meme probably precludes the last tranche.
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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howardb
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June 10, 2014, 09:18:37 PM |
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There cannot be many asset classes where 32% of holders would not sell under any circumstances!
That means that come the rally, 32% of bitcoin are effectively out of action. This will force the steepness of any rally higher and faster aswell as contributing to volatility.
I for one will be holding my bitcoin until it's officially recognised as the world reserve currency.
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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June 10, 2014, 09:29:30 PM |
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$647,227
* goes to set sell order at $647,226 * - haha beat you!
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i am satoshi
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btcbug
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June 10, 2014, 10:16:31 PM |
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Sold a bunch around $1000 last time. This time my target is $5000 - $6000 for the peak based on many analysis threads and my own reasoning. I will sell a few around $5000 to live the next year and wait for the following peak to diversify out of BTC a bit.
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BTCtrader71
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June 11, 2014, 12:51:12 AM |
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I intend to keep my liquid assets at no more than 90% Bitcoin. So I will sell at price points along the way up to ensure that ratio is maintained. Thus if my Bitcoin assets increase in value and my liquid assets are now worth $10 million, I will have at least $1 million in USD.
For some reason, this seems like the most lucid stream of thought. I too agree with Raystonn. Targeting a percentage of net liquid wealth is a very very good strategy. It is better than pure HODL I think; you will effectively be selling high and buying low. If every HODLer implemented this strategy, they would increase their bitcoin holdings (as compared to pure HODL) AND help smooth out the market fluctuations AND wouldn't have to waste time trying to read any tea leaves about where the price is going. I've been toying with the idea of varying the percentage as a function of how much above or below the most up to date log-trendline we are. For example: if present value drops to one-third the trendline, buy until you keep 95% in bitcoin. If present value increases to three times the trendline, decrease that to 70%. I'm still mulling that over. It would be fun to run the numbers and compare these various strategies using past data (pure HODL versus target fixed percentage versus target variable percentage)
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BTC: 14oTcy1DNEXbcYjzPBpRWV11ZafWxNP8EU
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cooldgamer
Legendary
Offline
Activity: 1218
Merit: 1003
We are the champions of the night
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June 11, 2014, 01:04:14 AM |
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HODL and keep buying as we go up if possible. I might sell some after something massive (like tripling price), but for the most part I don't want to get off right before we go to the moon
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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June 11, 2014, 01:16:42 AM |
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The more I look into this type of thing the more my interest in accumulating conventional currency fades. Zero plans to sell at all for me.
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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June 11, 2014, 01:40:14 AM |
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If you want to make real money you gotta hold alot more than till nearest rally incoming Right. But many of us want to increase their BTC stash by selling high and buying low. But some of us are afraid of getting out & never getting the chance to get back in just like when you're first getting into bitcoin, never risk more fiat than you are willing to lose: so too with selling, never risk more bitcoin than you are willing to lose.
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"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
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Vrontis
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June 11, 2014, 01:50:33 AM |
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IMO the trading should be based on a strategy and strategy has a lot of techniques to identify every decisions you make.In this example, the selling price must be determined as well by a technique i.e. on an uptrend you hold, you don't want to sell but you must sell if price drop to the previous resistance.You might think "hey...this is support, I will hold"...but what if isn't ? So to conclude, always follow a rule, at 20% profit, at determinent resistances, at everything your strategy says.
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TheJuice
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June 11, 2014, 02:35:22 AM |
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I'm a long term holder, that said around 5k id liquidate a solid position. After that hold until 15k. Then 100k.
People said I was crazy when at 2 my sell points we 10, 100 and 1000.
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Bitcopia
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June 11, 2014, 03:55:34 AM |
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multiple sell orders, + 1 part price based trading one part sell at : buy point + 33% 2nd part sell at : buy point + 66% 3nd part sell at : buy point + 100% and there is that notorious 5% of all trade profits that i never sell, for small chance, big profits im trading in months for large amounts, i dont mind the waiting...
Why so bearish?
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