Topic: BITCOIN PRICE UNDER $500!!!! ($450) is it time for panic selling + Buying :? - page 2. (Read 3205 times)

300-400 price level is the next resistance if it ever broke 400.

I have some buy order set up at 300 in case it hit that price.

right! these guys who want you to sell when its hitting lows so someone else can buy and hold until the highs... wait, what?

haha probably! I need to see how much I want to buy at these levels, I have some time to see over the next days

Sounds like youre counting on making profit with this money then (I mean all the money that was put in, no matter the price), which means you cant afford to lose it - you need this money, whcih means (to me) that its best not invested, but put where it needs to be for you.

Maybe you can cash out 50%? Im a big believer in investing only what you can afford to lose - once its put into an investment, you must consider it gone. only then can you sleep safe no matter the price and youre not prone to panic sells/buys etc

no worry $450 will soon be filled

oops! I meant my order filled at 475, I was thinking of my low targets: 450 was my 'soft' predicted low, 350 medium low, 250 hard low 50$ fail trend low sorry!

do not listen to those lying scammers who ask you to buy their "cheap coins" bags
sell and cut loose!

Well for me theres a limit to how much of a loss i can take but as of recently $600 to $450 in some cases which is a drop of $150. Its just too much unless youre a really early adopter who bought at $2 or more in which case your still rich ...

edit #1 falling you might be right as of now prices $475

Where?

As others have said, if you panic sell at the first sign of trouble then speculation / trading game is not for you!

Question you need to ask yourself is, can I afford to lose my btc investment? If the answer is no, then you should not be in this game and protect yourself by cashing out in case things go badly. No one knows the future, and money put into investments should never be the 'rent money'.

If the answer is yes you can afford to lose 'all of your BTC investment money', then you can also afford to hold until you think is worth cashing out and try not to panic sell and just wait to see. Not until its converted or spent for stuff is it actually 'lost' in the sense that most of us have about BTC right now.
 
I will be holding my coins because:
 people talk a lot about what is happening, but i look at market cycles. Unless BTC is fundamentally flawed (we all know its not) or will somehow be killed off (gvnt isnt that organised, and technically it's pretty hard to do that) then the market will go through these crazy cycles in the first years no matter what happens in the news. Since most of the world does not yet use BTC, then as new markets move in, so do new buyers. The rate of new buyers will exceed sellers once we break into a new market (like China last year).

Imagine what the price would be once SAmerica, IndoAsia and AFRICA start to jump on board. Since this hasnt happened yet, I think we are still on the 'initial' stage bull trend. I think about <1~2% of the world uses BTC or is aware of it right now, thats still a lot of upside potential to come...

Anyway, my technical 'price action' logic is (while on bull trend) price sets new higher highs followed by higher lows, then higher highs then higher lows etc etc in its upward cycle. So, $1 low to $15 high, then $6 low to $250 high, then $50 low to $1200 high, then $400 (or 300 or 200 take your pick) means a new high of....

SO - as long as, on this current low price (happening now),  we dont go below 50$ (the last low price before the last high price of 1200) then we are still on bull trend:) Considering how much of a jump there was between the last low to the next high, then the next low to the next high etc. The next high should be at least equal to the last high:

my bet is we go down to 350 now (maybe even 250), then up to 800 by xmas. if Argentina jumps in, then 1500. If we get lucky in the next 8 months and some African nation jumps in, then new high of 2000 is my target:)

If it does drop a couple of hundred to 250 (or any time after you buy in ) and you now consider this as 'lost' then you kinda have lost already. But its not really lost until its "cashed out" as i mentioned, and we see what impact the new markets adopting has and we still stay above the last low of 50$...

So anyway, THE Question is can you afford to lose the money if this does not happen, and if so - can you afford to WAIT for it to happen? Just remember, as long as the last low is not broken then keep the ratio of the difference between the successive lows and highs and think what will logically happen next considering the rate / amount of WWide of adoption right now? That is all you can do, weigh probabilities, no balls of crystal needed, only steel.


Edit1: Sorry for repeating myself across threads, but Im tired of seeing all this panic spreading / selling. As a buyer/bull of BTC I have a vested interest in seeing the price go up, as do many of us - 75% of those calling doomsday prices are buyers waiting for better prices by spreading panic - there can only be a buyer at low prices if there is a seller (there can only be winners with losers). Dont be one of the sell low panic victims!

Edit2: my BUY order just filled @450. I remain long to $1993.00 assuming this trend continues. Thank you to the panic seller(s) that gave me the liquidity.
If it drops below $50 I will then sell at $450 and break even (plan subject to change depending on new market adoption impact).

Many people invested recently so they like me have seen loss of hundreds of $$$ 

Are you retarded? Do you realise how much BTC was worth 2 years ago?

What's your problem? Seriously.

prices at $480 !!! 

I would stand by wharever position you are until the the monday at least. It still weekend, and it is rare big changes happen on weekends;

But I would be way more confortable holding money han holding Bitcoin

Well the tipping point might be much closer than everyone thinks. The next rise should definitely push us way above $1200.
Buying now is the best thing that you could do. We might not see these prices ever again.

If I had dry powder, it would be going in right about now. We may go a few more months before the next lift-off, or we could start in a few weeks. Sell now at your own peril.

I think we're supposed to wait for 600ish to panic buy.
I'm debating byuing some right now before it goes up again.

my suggestion:

buy some bitcoins to panic sell... now 

Nom nom nom   

The price has changed!!!!! Save me Ben Bernanke!!! Please print me more money!!!