Come on, it all depends on you !
Lets look at the situation:
Bitcoin has crashed, quite hardly, markets are down, price is low.
There are dozens of different opinions on every corner, someone thinks the price will rise fast and high soon enough, others makes a prognosis of slow sliding down to one digits numbers, between these two "peak" opinions there are millions of different speculations on every cent probably.
Conclusion - no one knows what will happen for sure, no one really knows if all this crash was manipulated or started naturally.
So, I do recommend for you to think rationally. What those 2.5 btc means to you. Maybe you invested most of your capital, or maybe it's just a week earnings. Well you care about them, because you ask our opinion, so answer this question to your self. Do I need extra 150usd right now ?
Maybe you have to pay your rent, buy equipment or something, then sell them, if you don't need money right now, leave them or try to speculate,
Lets look at the situation:
Bitcoin has crashed, quite hardly, markets are down, price is low.
There are dozens of different opinions on every corner, someone thinks the price will rise fast and high soon enough, others makes a prognosis of slow sliding down to one digits numbers, between these two "peak" opinions there are millions of different speculations on every cent probably.
Conclusion - no one knows what will happen for sure, no one really knows if all this crash was manipulated or started naturally.
So, I do recommend for you to think rationally. What those 2.5 btc means to you. Maybe you invested most of your capital, or maybe it's just a week earnings. Well you care about them, because you ask our opinion, so answer this question to your self. Do I need extra 150usd right now ?
Maybe you have to pay your rent, buy equipment or something, then sell them, if you don't need money right now, leave them or try to speculate,
Thanks for this reply, it really puts it into perspective.
Yes I believe that I may hold onto them for the time being, I did only invest part of one paycheck into these coins (although it was a large portion of the paycheck, but I can survive with what I have got).
I do care about them, but it's more because I don't want to totally screw up my first time investments. I want to try and make this work out for me to make it as profitable as possible.
I believe I will be in for the long term, it will be interesting to see what the future holds!
If bitcoin hits 250/260 Id sell out in a second again
Agreed
Right now - its not very good.
Do you think I should try and resell them? Try and mitigate my losses for the time being and reattempt in a few days? Or should I just ride it out and see what I can make in the future?
lol, this is what is causing the panic.
Shit, I bought at 250, I better sell at 120 before they become worthless.
Then you get scared when it gets back to 200, so you buy again.
Then it drops to 80 so you sell once more.
Then it breaks 100, so you buy at 105.
Now it's 70, so you sell them again.
A fool and his money are soon parted.
Despite multiple DDoS attacks to the exchanges and following a major crash (THE major [1st ever] crash) - it's been remarkably stable past 1/2 day.
ROFL, the 1st ever crash, major crash? You guys are funny. Looking at a two week period, I hardly call going from 85 to 70 a major crash. If you look at it on a per hour basis, yeah, going from 200 plus into the 100's sure is scary.
This is what I am trying to avoid, I don't want to fall over myself making irrational decisions with my investments.
In your position, would you have bought BTC for that price? Or would you have potentially waited longer before buying?
