Best Time To Sell In Over A Year - page 3.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: niko on August 07, 2012, 05:35:57 PM

Quote from: TraderTimm on August 07, 2012, 01:01:30 PM

I can't wait for it to punch $30, screw around for a month at $35 then go towards $40's. Perhaps then all the bubble idiots will shut their pie-holes. Hell, they don't even know the definition of one - not that we haven't tried to educate them, of course.

I am not a trader. Here is my uneducated attempt: a bubble is the increase in price of an asset caused mainly by the demand due to expected continuing increase in price. Good enough?

From what I see, these things only make sense in retrospect, or with the help of insider information. You are brave to make predictions, although that's easy without providing a time frame.

As far as I am concerned, yes, this is a good time to sell because I bought them and mined them cheaper. If the price next week shoots up or drops down, I won't play captain hindsight with "should've" or "told you so" - my decission to sell was good, and based on what I knew for sure.

This I can agree with.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Quote from: TraderTimm on August 07, 2012, 01:01:30 PM

I can't wait for it to punch $30, screw around for a month at $35 then go towards $40's. Perhaps then all the bubble idiots will shut their pie-holes. Hell, they don't even know the definition of one - not that we haven't tried to educate them, of course.

I am not a trader. Here is my uneducated attempt: a bubble is the increase in price of an asset caused mainly by the demand due to expected continuing increase in price. Good enough?

From what I see, these things only make sense in retrospect, or with the help of insider information. You are brave to make predictions, although that's easy without providing a time frame.

As far as I am concerned, yes, this is a good time to sell because I bought them and mined them cheaper. If the price next week shoots up or drops down, I won't play captain hindsight with "should've" or "told you so" - my decission to sell was good, and based on what I knew for sure.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: TraderTimm on August 07, 2012, 01:01:30 PM

I can't wait for it to punch $30, screw around for a month at $35 then go towards $40's. Perhaps then all the bubble idiots will shut their pie-holes. Hell, they don't even know the definition of one - not that we haven't tried to educate them, of course.

You sound kind of mad!

Silly question: Your name suggests you do trading, that is buying and selling with no particular preference on whenever the price goes up or down. Yet you are one of the loudest bulls in this forum currently... somehow this doesn't fit that well together.

TraderTimm

legendary

Activity: 2408

Merit: 1121

I can't wait for it to punch $30, screw around for a month at $35 then go towards $40's. Perhaps then all the bubble idiots will shut their pie-holes. Hell, they don't even know the definition of one - not that we haven't tried to educate them, of course.

BitcoinOPX

member

Activity: 112

Merit: 10

Quote from: fcmatt on August 06, 2012, 08:49:48 PM

Bitcoin bubble part deux for the win

I don't think this is a bubble as the rise has taken a long time overall. Another thing is the maturity of bitcoin holders. At the last bubble many were saying told you so! SELL SELL SELL. But bitcoiners in it for the long haul said yes, go ahead and sell so we can clear the unbelievers out of the market.

CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

Quote from: RodeoX on August 07, 2012, 10:46:34 AM

Quote from: ?? on ??

Sell for what? Something spat out of a printing press and called 'real money' because its backed by a broken system? This is the first time I've bothered saving in my life, I'll convert some to that other crap when needs be but the bulk is staying in for the long haul.

That's where I'm at. I don't want real money. I spend bitcoin, not cash out.

spend it on what ? can you live by spending bitcoins somewhere yet ?

99% of the retailers in my country wouldnt even know what a bitcoin is
never mind accept it for a purchase

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: ?? on ??

Sell for what? Something spat out of a printing press and called 'real money' because its backed by a broken system? This is the first time I've bothered saving in my life, I'll convert some to that other crap when needs be but the bulk is staying in for the long haul.

That's where I'm at. I don't want real money. I spend bitcoin, not cash out.

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: CoinCidental on August 07, 2012, 06:09:34 AM

Quote from: fcmatt on August 06, 2012, 08:49:48 PM

As a miner for more then a year i only pooled up my btc when prices were lower then 4-5.
Anytime the price is higher then 5 i let some go. As the price recently climbed i unloaded more and more and now i am the point i sell daily. Good times again. 300+ dollars a month easy.

Bitcoin bubble part deux for the win

will you still feel so good about coins you sold for $5 if the price reaches $100 in the next few weeks ?

C'est la vie...

CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

Quote from: fcmatt on August 06, 2012, 08:49:48 PM

As a miner for more then a year i only pooled up my btc when prices were lower then 4-5.
Anytime the price is higher then 5 i let some go. As the price recently climbed i unloaded more and more and now i am the point i sell daily. Good times again. 300+ dollars a month easy.

Bitcoin bubble part deux for the win

will you still feel so good about coins you sold for $5 if the price reaches $100 in the next few weeks ?

fcmatt

legendary

Activity: 2072

Merit: 1001

As a miner for more then a year i only pooled up my btc when prices were lower then 4-5.
Anytime the price is higher then 5 i let some go. As the price recently climbed i unloaded more and more and now i am the point i sell daily. Good times again. 300+ dollars a month easy.

Bitcoin bubble part deux for the win

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: goxed on August 05, 2012, 06:41:35 AM

This may be a consolidation phase, before the next leg begins.

Or perhaps your first lesson in to what "goxed" really means? Cheesy

goxed

legendary

Activity: 1946

Merit: 1006

Bitcoin / Crypto mining Hardware.

This may be a consolidation phase, before the next leg begins.

Vandroiy

legendary

Activity: 1036

Merit: 1002

He has a point, even though it's technically "only" the best time since 11 months.

Selling high is not a bad tactic. Current price is 100% higher than 2-3 months ago, one can hardly call it "wrong" to take such an enormous profit.

I also sold a few in the last days, which I had picked up between 6 and 4. It was a methodical decision: the rise in BTC value was so fast, risk management started to look unbalanced. Also, we have seen bad liquidity in asks multiple times, causing a more jumpy price, and an abundance of trend-following posts. These might be indicators for decreasing stability.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper