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Author Topic: Bitcoin dropping  (Read 2055 times)
sgk
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January 18, 2015, 05:49:10 AM
 #41

Are you still saving your bitcoins or you selling them?

Even if I bought my Bitcoins at much higher price, it doesn't make to sell them now. I would just make loss if I sell them now - confirmed.

If I HODL, there is a slightest chance that the price would recover so that I do not make loss, or can even profit.

Choice is clear - sell now to make confirmed loss or HODL for potential loss or profit.

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January 18, 2015, 05:50:55 AM
 #42

LOL, charts. If charts had predictive value then everybody would be rich.

Bears buying in at $130, also LOL. As soon as it hits $130, most bears are going to wait for $50.

Lets not forget the reasons bitcoin is so low, and that is people just lost interest in it.

When I was taking a position I was not either bullish or bearish exactly.  I just noticed you are Edward50 who I remember from back in those days.  Hiya!  How did you make out?

Anyway, although I changed my numbers on occasion, I mostly picked an amount of USD I planned to put in.  I'd buy, say, 25% of that number then pick a lower target for the next tranche.  Yes, I missed my last target ($1.65-ish as I recall), but I ended up with many many more BTC in the long run considering I started at about $15.

Times are a little different now.  The details of development and ecosystem are different, but they are just as important to keep an eye on.  If I had no BTC now and some money I could afford to lose, I very possibly would be a buyer at this point to sit on just in case there is a big win.  No different than when I started out though I ended up buying a lot more than I had initially planned.  And I'd be employing the same buying strategy that I did back in the day.


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January 18, 2015, 01:30:19 PM
 #43

I am still saving it and buying some in low price, it will pick up at some point. But making rash decisions won't help the situation.

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