Be *very* careful

[piramida]

Having been here for all of bitcoin rallies, I can see a pattern emerging. Pattern of time periods in bitcoin price history when you never know if todays price level will happen again, ever. Before last month, we all are lulled to believe that we will see $400 again and again and again, well, not anymore. Call that intuition or blind guessing, but be very careful when exiting bitcoin positions now, even partially - you may have no choice but to re-enter higher or much higher later. If you feel the urge to play short-term speculation, sell after spikes up and re-buy at the nearest correction, but try to avoid risking much at that; whatever you do, do not go to bed while in fiat.

You have been warned

[BowieMan]

but weren't you saying stuff like this throughout the whole bear market? maybe I am remembering wrong.

[spazzdla]

This post has me all hot and bothered.

[spazzdla]

but weren't you saying stuff like this throughout the whole bear market? maybe I am remembering wrong.

... why would he warn you about selling BTC in a bear market...?

[BowieMan]

but weren't you saying stuff like this throughout the whole bear market? maybe I am remembering wrong.

... why would he warn you about selling BTC in a bear market...?

wat

"be very careful when exiting bitcoin positions now, even partially - you may have no choice but to re-enter higher or much higher later."

[cech4204a]

I can see the pattern as well, but nothing significant there TBH.

[piramida]

but weren't you saying stuff like this throughout the whole bear market? maybe I am remembering wrong.

No, first time I said that Yes, I have always said that below $600 is a buy zone. And that you never sell bitcoins lower than you bought them. Other than that, before recent rise up it could have still went both ways. Somehow now I don't feel that anymore. We sure will be correcting on the way up, but some price levels, like $400, are gone forever now, and the trick is that every day that bottom line rises.

[spazzdla]

but weren't you saying stuff like this throughout the whole bear market? maybe I am remembering wrong.

... why would he warn you about selling BTC in a bear market...?

wat

"be very careful when exiting bitcoin positions now, even partially - you may have no choice but to re-enter higher or much higher later."

I miss read your post, sorry ignore me, my bad.

[BowieMan]

i was leaning towards an incoming bubble a couple months ago, but now i am more open to a retest of sub-400 levels. shrug, we'll see.

[Torque]

I agree piramida.  I feel much safer sleeping in coins right now, than worrying about some silly dip that turns into a major bear trap right before takeoff.  You never know, takeoff could be months from now, or it literally could be tomorrow morning.

I think people that bought just after the bottom are much more skittish right now, than people who have been holding for the last 4+ months.

Another big tipoff for me to go all in?  All the bulls, the bears and the trolls disappeared from this board since the SR auction.  That leads me to believe that all 3 camps are ALL IN at this point, with nothing left to talk about!  

[CryptInvest]

The price will be about $ 1,000 for the new year anyway.

[bigdave]

That is just investing 101... I guess you're just stating the obvious for all the newbies out there.

[BowieMan]

That is just investing 101... I guess you're just stating the obvious for all the newbies out there.

well, some people do try to trade the swings -- doing so accurately during the bear market would have paid off well.

[piramida]

That is just investing 101... I guess you're just stating the obvious for all the newbies out there.

Probably, shorter version for non-newbies will be "I think bear market is over so get your asses back in coins and don't blink for several months"

[HigsonPP]

what are you saying, bubble coming? seems everyone thinks that. makes me nervous (being in coin)...

[Hunyadi]

I agree with Piramida. I think this price is dirt cheap considering current mining costs and all the super positive news lately. I think it is pretty safe to say we wont go significantly lower unless bitcoin is completely destroyed.

[FelixOliver]

whatever you do, do not go to bed while in fiat.

  I think you've got that the wrong way round

[ArticMine]

whatever you do, do not go to bed while in fiat.

  I think you've got that the wrong way round

No he does not. I agree with piramida this is an extremely dangerous time to be a bit bear.

[Bitcopia]

Been through 3 bubbles myself. No doubt another is a brewing! Been slowly buying every week since we broke the downtrend line that emerged from December to May.

[tabnloz]

It's good to look back on those calls to see how far bitcoin has come.

It'll never be under $50 / 100 / 500 again!!