Topic: BTC at $205? Should I buy into a rally? - page 3. (Read 8935 times)
Buy high and sell higher? Hm... never liked that but I guess I got no choice but to jump in now...
(Thread here)
My advice for successful bitcoin investing is as follows:
- Every time the price is below the trendline, BUY
- If it is above, HOLD, if you think you can buy cheaper after a dip (for lazy investors: BUY unless the price is more than double the target)
- If the price overshoots by a great margin, such as 5x the trend, HOLD/SELL (never sell more than a fraction, even temporarily)
The trendline goes up 23% per month, so you should not sell after every little blip over the trendline, because it will catch the price so soon. Only major overshoots should be sold into. Always buy if the price is below trendline, because the trend will rise so quickly and the price will need to rise even quicker, just to catch up with the trend. Never wait in this kind of situation. We are now in this situation, since Nov. trendtarget is $310.
My advice for successful bitcoin investing is as follows:
- Every time the price is below the trendline, BUY
- If it is above, HOLD, if you think you can buy cheaper after a dip (for lazy investors: BUY unless the price is more than double the target)
- If the price overshoots by a great margin, such as 5x the trend, HOLD/SELL (never sell more than a fraction, even temporarily)
The trendline goes up 23% per month, so you should not sell after every little blip over the trendline, because it will catch the price so soon. Only major overshoots should be sold into. Always buy if the price is below trendline, because the trend will rise so quickly and the price will need to rise even quicker, just to catch up with the trend. Never wait in this kind of situation. We are now in this situation, since Nov. trendtarget is $310.
In my opinion that trend line is unsustainable and arbitrary. 10k by jan 2015? Some unforeseen event(s) of ridiculous magnitude would have to occur. Maybe by 2020. But not by 2015.
^ Golden post.
(Thread here)
My advice for successful bitcoin investing is as follows:
- Every time the price is below the trendline, BUY
- If it is above, HOLD, if you think you can buy cheaper after a dip (for lazy investors: BUY unless the price is more than double the target)
- If the price overshoots by a great margin, such as 5x the trend, HOLD/SELL (never sell more than a fraction, even temporarily)
The trendline goes up 23% per month, so you should not sell after every little blip over the trendline, because it will catch the price so soon. Only major overshoots should be sold into. Always buy if the price is below trendline, because the trend will rise so quickly and the price will need to rise even quicker, just to catch up with the trend. Never wait in this kind of situation. We are now in this situation, since Nov. trendtarget is $310.
My advice for successful bitcoin investing is as follows:
- Every time the price is below the trendline, BUY
- If it is above, HOLD, if you think you can buy cheaper after a dip (for lazy investors: BUY unless the price is more than double the target)
- If the price overshoots by a great margin, such as 5x the trend, HOLD/SELL (never sell more than a fraction, even temporarily)
The trendline goes up 23% per month, so you should not sell after every little blip over the trendline, because it will catch the price so soon. Only major overshoots should be sold into. Always buy if the price is below trendline, because the trend will rise so quickly and the price will need to rise even quicker, just to catch up with the trend. Never wait in this kind of situation. We are now in this situation, since Nov. trendtarget is $310.
Oh you peanuts... That is me since 0.25!!!
Buy high and sell higher, in-case it crash you can average down...
I'd hold out if I were you...
Right. Shouldn't have bought at $205. Shouldn't buy now at $211. If it goes to $220 don't buy. Don't buy at $230. Or $245. Or especially not at $250.
And don't buy at $266. Or $267. And if we go to $300 DO NOT buy then.
Wait for a correction. Then maybe you can "get it" at $280. Or $270. Or maybe $248. Get in then, on the downswing.
So, to summarize, the price is $211. Do not buy.
(Does anyone see how bad advice often sounds so sound?)
lmao, spot on.
205 was the dip for this week...
Get ready for235
Very nice ride ! Get ready for235
I've been waiting for BTC to come back down so I can buy more but it's not cooperating. Will I be left behind or is this a bubble?
did you buy in? @ 205? cause it just left the station...
64% of the weeks are actually positive for bitcoin, only 36% have been negative.
| Holding period | Percent positive | Percent negative |
| 1 day | 55.9% | 40.0% |
| 7 days | 63.9% | 36.1% |
| 30 days | 63.0% | 37.0% |
| 60 days | 73.2% | 26.8% |
| 90 days | 78.8% | 21.2% |
| 365 days | 89.3% | 10.7% |
| 730 days | 100% | 0% |
Awesome breakdown. Quoting so I can find it later :-)
You can buy but its really risky, why not buy some alt-coins instead? You know the price is few $ now and it might go as high as $10...
Yeah, why buy the risky stuff, if you can buy the super-risky stuff?
ath this coming week. quote me 
.
Done. .
LOOL
You can buy but its really risky, why not buy some alt-coins instead? You know the price is few $ now and it might go as high as $10...
yeah, why buy expensive gold when there is cheap tinfoil available. the alts are not
Quote
really risky
?
You can buy but its really risky, why not buy some alt-coins instead? You know the price is few $ now and it might go as high as $10...
you do know that altcoins are losing value when bitcoin rises? It's even more risk because you never know what will happen to altcoin in few months if devs will drop it.
Depends on the timeframe. If I would invest for anything longer than 3 weeks, or for something between 24-96 hours, I would definitely buy. In all other cases I would just buy.
You can buy but its really risky, why not buy some alt-coins instead? You know the price is few $ now and it might go as high as $10...
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