I sold at a BTC loss a few days ago (ICO participant) I'm not a troll or anything but I'm glad I did sell. I know this project will be massive in the long run but that isn't now. I wouldn't watch my BTC decrease each day so I sold, I could buy back thousands more Waves now because of my decision. Like many have said, the price will go up as more features are implemented, but for now they are being worked on, so the market reflects that..
Also I am a day trader but I'm not trying to cause any panic at all, if you are in for the long run just ignore the current price and come back in a few months.
Strange decision for a day trader. Instead of selling, I kept my WAVES but started day-trading (sell and buy, repeat) to increase my stack because there is a huge risk if you sell all at once : you lose the rapid pump opportunity.
How will you anticipate the first pump when it happen ? When are you going to buy-back ?
It was pretty ballsy and I've never usually sold at loss only in extreme circumstances (Didn't actually make a loss in Fiat). I just don't see the price going up dramatically short-term (Say a week), I know long-term (Say a few months) it will skyrocket but I just am going with my gut feeling. I'd ideally like to re-buy in at 22k but I feel like we will hit 20k. There again I could be completely off and Polo lists Waves tomorrow and I miss out on a huge pump & profit, but that is Crypto for you! Everyone has to make a decision, not everyone is going to profit. I'm ready to buy back in at any time and I'm pretty much constantly watching the market 24/7, I think I would have enough time to buy back in lower than where I sold and still catch a rise.
It can be the best decision to dump all at once but with waves, there are huge variation depending on FUD / hype which is perfect for trading.
With buying/selling, despite the dumping, I am at less than 10% loss from my BTC investment which is nothing for me but I grew my stack and I'm ready for a pump any time.
Any big announcement would pump it. The other day when Sasha was just answering boring questions on YouTube with TaiZen, the price increased for a short time. The hype potential is strong.
Yeah I could have been wrong, it is always a risk with Crypto but that is why it is so addictive.
That's pretty good, I did accumulate on the way down to 30k but I decided enough was a enough at 28.5k, expected more selling and more followed, seeing so much buy support get eaten wasn't pleasant but it was an indication for me the price would keep decreasing.
Yeah it is literally waiting to explode though I don't think it will be in the next week and I don't think there are many sellers left either, so I'm expecting a very boring market for the time being. I expect a lot of people will exit on the way up around ICO price though but once the market gets moving it will blow past ICO price pretty quickly.
