We have just started the bullish trend again. The christmas holidays are not going to stop this one for sure..
We will probably see a lot less action around the holidays, but don't expect to be able to buy insanely cheap coins this year.
Topic: (Almost) Foolproof plan: Sell above 400$, rebuy on holidays - page 3. (Read 2796 times)
Historically, bitcoin's price goes down during Christmas celebratory season or after.
Historically? You mean last year? That's a pretty small sample size.
When I read that I just had to check it out, because that's not how I remembered it.
When I looked at the Dec15-Jan15 historical charts I saw that the prices actually rose around Christmas in 2010, 2011, 2012, and 2013.
Only in early January 2015 did the price fall, and that occurred when Bitstamp was hacked.
Sounds like a lame attempt to try to get people to sell because you missed the chance to buy below $400. You had almost a year to stock up on coins for less than $300 and a couple of opportunities to accumulate at less than $200. Proven fool.
Historically, bitcoin's price goes down during Christmas celebratory season or after. The holiday is followed by new year's eve and Chinese new year on Feb 8 and celebrations. Play it safe, sell some of your coins now only to re-buy as the price goes down.
You weren't around here in late '12 early '13 were you.
Seems risky to be off bitcoin for holidays, you can loose an increasing point we don't know if it will go down before increasing another time. I don't want to loose the train on this bitcoin climbing price.
Historically, bitcoin's price goes down during Christmas celebratory season or after. The holiday is followed by new year's eve and Chinese new year on Feb 8 and celebrations. Play it safe, sell some of your coins now only to re-buy as the price goes down.
If I have learned something after looking at Bitcoin charts for years is that past performance doesn't guarantee future performance, therefore you are just risking that a past even t will repeat again which is not worth risking your coins for.
I wouldn't be too sure that the price will drop as holidays approach, as people do tend to stop thinking about rational spending and end up spending
large sums of their funds exactly on holiday season. There's no sure way of knowing what will happen, but i would do just the opposite of what you suggest and
buy now, and then wait end of Dec or mid Jan to sell.
cheers
large sums of their funds exactly on holiday season. There's no sure way of knowing what will happen, but i would do just the opposite of what you suggest and
buy now, and then wait end of Dec or mid Jan to sell.
cheers
Historically, bitcoin's price goes down during Christmas celebratory season or after. The holiday is followed by new year's eve and Chinese new year on Feb 8 and celebrations. Play it safe, sell some of your coins now only to re-buy as the price goes down.
Of course this could very well work.. Or you might just end up regretting selling your coins at $400..
Christmas time could lead to large amounts of dumps in BTC prices as we see consumers moving money out of bitcoin and into items and gifts..
My money is on that by boxing day we might be sitting lower than $400.. But then again it could be at $800 by then too. Its super hard to tell with BTC which way the market is going to trend really.
I'd hold onto your bitcoins until you can afford to get rid of them... Or you make mad profit.
400$ became support point right now. They tested under 400 but support worked today, it went back from $400.09. I think it's fair to say holding is better for Christmas, we might see a small rally before the year ends.
Historically, bitcoin's price goes down during Christmas celebratory season or after. The holiday is followed by new year's eve and Chinese new year on Feb 8 and celebrations. Play it safe, sell some of your coins now only to re-buy as the price goes down.
and Chinese New year
Anyone else find it ironic that he said to 'play it safe' by selling your BTC. Only thing safe is to hold for the long haul.
You mean fool proof? If you do it, it proves you're a fool.
Dunno, BTC keep going up, at some point its going to go back down, make it will be back down 20% which is still much higher than before. We know it is going to happen, we just don't know when.
You mean fool proof? If you do it, it proves you're a fool.
Dumb plan. too risky.
Sounds like the opposite of foolproof. I'd call it extremely high risk to sell 6 months prior to halving.
As with everything in the BTC world there is no foolproof plan.
Only deal with what you're OK losing.
Do your research and don't necessarily rely on others.
Only deal with what you're OK losing.
Do your research and don't necessarily rely on others.
You should change thread title. Say "Almost Foolproof plan" as you agree it is no foolproof plans in bitcoin. And I could be all wet.
I just see difficulty going up and up... I don't think your going to get so lucky that you can call it fool proof in today's mining.
As with everything in the BTC world there is no foolproof plan.
Only deal with what you're OK losing.
Do your research and don't necessarily rely on others.
Only deal with what you're OK losing.
Do your research and don't necessarily rely on others.
Historically, bitcoin's price goes down during Christmas celebratory season or after. The holiday is followed by new year's eve and Chinese new year on Feb 8 and celebrations. Play it safe, sell some of your coins now only to re-buy as the price goes down.
it's not full proof though. Look at price right now 411.97 on coinbase. We are up quite a bit. I don't know that we will drop a lot for events above.
Part of reason is the difficulty level. Look at it there has been a huge jump in difficulty compared to normal level. I don't see it dropping quick with miners getting less and less. So I think this year will be a little different.
Historically, bitcoin's price goes down during Christmas celebratory season or after. The holiday is followed by new year's eve and Chinese new year on Feb 8 and celebrations. Play it safe, sell some of your coins now only to re-buy as the price goes down.
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