Still great time to sell litecoin and bitcoin.

[guy_wonderful]

If you read my early posts then you might know that I was recomending to sell. (https://bitcointalk.org/index.php?topic=694833)
Still same now, great time to sell at 7.52 with target to 4-5 (ltc at btc-e) stop at 7.92.

Bitcoins  is also great to sell right now. btc slowly moves to 220.

Two main factors works here such as unsafety of crypto system and technical analysis.

Result on 21.08.14:

[sandykho47]

This great time LTC, because LTC too much mined by ASIC. and diff. still low

But, this time great time to but BTC. because the price went down a bit

[guy_wonderful]

This great time LTC, because LTC too much mined by ASIC. and diff. still low

But, this time great time to but BTC. because the price went down a bit

August is bloody month for btc .
you cant do anything to fundamental stuff, as hard you try.

UPDATE btc slowly moves to 220.

[arbitrage001]

A good spreading strategy is short litecoin and long bitcoin.

[Brut]

more than 1000$ per bitcoin by the end of the year

[InwardContour]

I don't think bitcoin will reach a bottom of 220$, with all the good news of these months and the adoption of big companies
it should be closer to the start of a new rally rather than dropping at low values.

[spazzdla]

I have an 10oz of silver that says BTC does not hit $220. 

[guy_wonderful]

I don't think bitcoin will reach a bottom of 220$, with all the good news of these months and the adoption of big companies
it should be closer to the start of a new rally rather than dropping at low values.

When I said that goes down I meant that price move to direction of 220 where 220 is a lowest bottom.
Those news is okayish, compared to the fundamentals.

more than 1000$ per bitcoin by the end of the year

I hope it does so, then I will be among first who know this. Funny though there was almost the same reaction to my prediction where I told that price will reach 390 in a couple weeks wich done at february 4.

[guy_wonderful]

I don't think bitcoin will reach a bottom of 220$, with all the good news of these months and the adoption of big companies
it should be closer to the start of a new rally rather than dropping at low values.

When I said that goes down I meant that price move to direction of 220 where 220 is a lowest buttom.
Those news is okayish, compared to the fundamentals.

more than 1000$ per bitcoin by the end of the year

I hope it does so, then I will be among first who know this. Funny though there was almost the same reaction to my prediction where I told that price will reach 390 in a couple weeks wich done at february 4.

btw
https://litecointalk.org/index.php?topic=13206.30
https://bitcointalk.org/index.php?topic=446304.msg4921220#msg4921220
https://bitcointalk.org/index.php?topic=447612

[Malin Keshar]

Was taking as a good advice, until I saw the $200 bottom.

Wont happen, cost to mine 1 bitcoin is $600, so we have 3 options: above 600, near 600 for some months maybe, and 0 in the long run.


The good time to sell was above 600, now you risk sell at the bottom.

You may try to short want try to multiply your coins until the recover, though.

[guy_wonderful]

cost to mine 1 bitcoin is $600

even before checking if this is true, i would say that just means that hash rate will fall. so?

[Brewins]

cost to mine 1 bitcoin is $600

even before checking if this is true, i would say that just means that hash rate will fall. so?

So network will be more vulnerable and confirmations will take longer?

[guy_wonderful]

cost to mine 1 bitcoin is $600

even before checking if this is true, i would say that just means that hash rate will fall. so?

So network will be more vulnerable and confirmations will take longer?

and price per btc less. yep. :] good point, although there will be no big drop of hash rate, maybe some 10-13% in worst case.

[Cluster2k]

The price nudges slightly lower and the panic merchants are out in force.

[guy_wonderful]

any questions?

[counter]

Pretty bold move to suggest people sell their coins now.  Why not suggest they buy on the dip if you suspect there will be lower prices.  I don't think people should take this advice, personally is just seems rather rash.  Feels almost like the fud bears spew a lot around here but at least you take the time to explain yourself.

I personally think we are in the middle of a bear trap  though it could be heading south I don't think it is a good reason to suggest selling coins.  People shouldn't attempt to start trading and should hold is the best choice in my experience.

[verlosser89]

The Bitcoin price has begun to descend.  I believe that the Bitcoin price will continue down in the weeks to come...

it could be a great time to cash in your Bitcoins now and await for the suspected price decline, and then buy back in when the price has stabilized, thats my opinion 

[guy_wonderful]

Pretty bold move to suggest people sell their coins now.  Why not suggest they buy on the dip if you suspect there will be lower prices.  I don't think people should take this advice, personally is just seems rather rash.  Feels almost like the fud bears spew a lot around here but at least you take the time to explain yourself.

I personally think we are in the middle of a bear trap  though it could be heading south I don't think it is a good reason to suggest selling coins.  People shouldn't attempt to start trading and should hold is the best choice in my experience.

Good post, unlucky I cannot add anything else but, corse I WOULD suggest to buy if saw a good price wich I dont see now. In some way I'm bearish trader (in current market?) therfore im sure more in bearish trends than bullish. Indeed bold move and therefore I wouldn't' be posting my forecast if woulnd't be pretty sure in it.

[BtcGains]

I don't think bitcoin will reach a bottom of 220$, with all the good news of these months and the adoption of big companies
it should be closer to the start of a new rally rather than dropping at low values.

I agree
All these prediction are based on trends and not on any of the news for bitcoin
I believe it will rise

[counter]

Pretty bold move to suggest people sell their coins now.  Why not suggest they buy on the dip if you suspect there will be lower prices.  I don't think people should take this advice, personally is just seems rather rash.  Feels almost like the fud bears spew a lot around here but at least you take the time to explain yourself.

I personally think we are in the middle of a bear trap  though it could be heading south I don't think it is a good reason to suggest selling coins.  People shouldn't attempt to start trading and should hold is the best choice in my experience.

Good post, unlucky I cannot add anything else but, corse I WOULD suggest to buy if saw a good price wich I dont see now. In some way I'm bearish trader (in current market?) therfore im sure more in bearish trends than bullish. Indeed bold move and therefore I wouldn't' be posting my forecast if woulnd't be pretty sure in it.

Thanks for clarifying and I do appreciate your willingness to have a discussion, I really respect that.  I'm more just thinking of people who may take your words as gospel instead of using an open mind needed to hear as many different views as possible before making any decisions.  You bring up some interesting points that I for one will take into consideration.