Topic: $1100 to $750 is significant - page 10. (Read 7830 times)

This is one of the reason while bitcoin does really decrease its price and the most obvious thing that the cause of decrease even more because of panic selling not only on big accumulators but also to some investors of bitcoin.It does really affect when they saw bitcoin price drop immensely then they sell off the coins to cut losses.

I honestly don't think that it will never drop to that level - I imagine even the black market users would be buying like crazy at any price below $400-500, and that would keep the price from dropping as low as the 200s.

But you never know, if it does go that low I will be buying like crazy, (even though most of my coins were bought at roughly 10% of that price). I haven't been buying many recently, I think I bought a single coin at around $500 during that May 2014 bulltrap, just because I had some spare cash and felt the market was on it's way up. I don't have any cash to buy more now, and it seems like a silly idea to increase my dollar average price by risking a lot of money for a small percentage of 1 BTC, when I have a few tucked away for when I need them.

Just wish I'd saved and bought more when they were $20 each. Hindsight's a bitch, but at least I have some tucked away on a trezor for when I need them!

My guess is a consolidation around this area for a week or so, the mid 700s, and then either a pullback into the 800s or a drop to around 680ish, with a longer consolidation before another increase in price. I'd put the odds at around 50%/30% respectively for the two scenarios.

I'd say the odds of going below $600 are low, 20% perhaps. But if it does, then it could go a lot lower and there will be blood in the streets (and my credit card limit will be withdrawn and spent on the cheap coins!)

If you have applied this strategy on the recent pump then lukcy you, I didn't do the same thing unfrotunately but it is a good lesson that if you have a profit on something don't wait to get more and more profit because like now there is no profit to sell the bitcoins.

I think sooner or later the price of bitcoin will stop down, I think this happened because a lot of people who panic and sell their bitcoin sequentially due to a decrease in price very quickly. I'm sure this will soon stop. and will go up, so be prepared to dump

If you are going to wait till it drops to $200 I'm afraid you gonna wait for a long time, maybe it will never reach that price again (I certainly hope so). Some media make this China happening  a big deal, I think its good news for the long term. It made me panic at firs talso, but I didnt sell anything, and I dont intend to.

Thats a good idea. Just believe in Bitcoin and im sure that Bitcoin price is going up again in the 2nd quarter of this year.Just hold   Bitcoins.

Good strategy, and very nicely done. It require a big portion of luck and even bigger portion of courage
I still dont feel comfortable doing that, but I gotta try it with small amount, not much to lose I guess. Bitcoin is excellent for that, its volatility is great, even without this China pump and dump has good range on daily basis.

This is the good strategy of doing trading with the bitcoin holding, like this you can increase the quantity of bitcoin and this way the price of the purchase is also lowered. And if bitcoin trades in this range for some time then it will be very good for next bull run

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

bitcoin price is crash
and very bad down price, because over 30% is down price
i think bitcoin price is down, because dollar down price too

Yes it was also a good way, always buy when the price drops then hold it, and when the price goes up will get many profits. But if I still hold some of the bitcoin remainder of the results of the signature campaign, I will buy when the price is really under and I will do buy. Because I think if you do buy when the price is below it cheaper so when prices rise will certainly get a big profit.

Well.... that drop is actually totally normal for bitcoin. It has dropped like that many times before.

I bought some when it was up at whatever price it was a week ago and no doubt i will buy some at the price its at now. I still beleive it will be worth far more than it is currently. The price fopr now will just be swings and roundabouts though, I see no reason why it cant pump hard very soon but even if it doesnt then we are sitting at a good price.

A lot of good replies, as with most investments every one has their own style that fits them. I also agree with most in the next couple of years BTC will most likely be 3 to 4 x where its trading now. Also BTC is the king of crypto currency and we can see as it goes down the others seem to follow. Its still to early to tell in this price range where support and resistance are. It mostly effected by world wide economics so a trading strategy has to include that as the main variable. 

Some including me see 100% gain in an investment and start easing out in portions only to reinvest at a later date. 

Thanks for the input!

I just missed the chance to sell a small amount of bitcoin while it was at the highest price in the recent years, this because I hoped that the price of bitcoin will be much higher but got disappointed so I will hold for a longer time now.

There are bad and good days in exchanges trading. Bitcoin is a currency and not only an asset as many people see it. Now many people are in panic and cry that is a crash and are the same people few days ago screaming "sky rocket", "to the moon" "$2000 in the end of the month" and so on. I strongly believe that even now bitcoin is a safe haven. Markets were expecting a major correction. The way I see it, if anyone has fiat money to afford and bought at $900, $1000 or higher this is a chance to buy more bitcoins in order to trade off with the loss.  

Famous words "back the f*cking truck up" or "don't be sore, buy some more".

I'm a long term guy so for me it's an opportunity to bitcoin cost average, buying on the dips provides you a consistent lower cost basis from which to make substantial gains.

The price crash is huge, I believethose selling are people that enter the market around $800-$1000 range, though I'm very surprise that PBOC pronouncement  have this impact on the price.

Alas.. I am not being sarcastic :S.. Fear could push people to sell to cover potentially losing everything.

I will profit off of that fear.

you are only noticing the bad things, you forget about the rise from $700 to $1160, that is also significant, i see the alue now is again at what it was before the pump or slightly above

i highly doubt we are ehading lower than $700 went he pump started, this last pump was unsustainable it was expected to be dumped