holding these levels or dropping? | Bitcointalksearch.org

brokenchair

member

Activity: 109

Merit: 10

Quote from: neurotypical on July 11, 2015, 02:17:19 PM

Quote from: brokenchair on July 11, 2015, 01:50:27 PM

Honestly i've been skeptical ever since we started going upwards from the 250 range, as that seemed to be the standard high price for the day for the last few months, which quite frankly I was happy with and had begun to accept as bitcoins value, but i'm just curious as to if anyone has a good reason to believe we will hold these levels ($20 either direction) from actual usage or see a substantial drop.

Greece issue appears to be resolved, I'm seeing the more recent news being China is rebounding (personally I see more of a downturn, but I honestly do not know enough about it), with the Greece resolution we won't see reports about puerto rico everyday lol, and the fed changes there mind every damn second so screw it. I also caught glimpses of the uber rumor being denied, which is sort of sad as uber and bitcoin have some similar principles, and it didn't appear to impact the btc which is odd, as normally bears jump on that shit.

Try to not be a troll thread for once lol.

Are you here for the long term because you think Bitcoin will scale up to challenge every single electronic payment infrastructure existing today + all the other features that the blockchain can do? Do you believe that the current marketcap is ridiculously tiny compared to what it can be achieved with this technology? Then hold.

Are you scared to lose your investment because you aren't sure of that? Do you want some quick beer money? Then sell.

You and only you can choose.

I am here now for long term overall, but my main btc stash, I will occasionally sell if it looks like an impending drop is incoming, and then re buy slightly lower, and get more btc (which I add to that stash for when I have to buy btc because it went up to what I guess we will call a stop loss. Normally I just keep a 5 dollar or so buyback in just to get some extra $$, but the last few times we approached 300, we fell fast.

I don't try and play trader anymore as I get to stressed out with leveraged calls lol.

Miz4r

legendary

Activity: 1246

Merit: 1000

Greece issue is far from resolved, they're just kicking the can down the road while the core problems remain. And the people of Greece will not forget how they were cut off from their own money, they will be looking to store part of their money outside of the banking system now and BTC is likely to benefit from this. The rest of the world who is watching this all are also not stupid (at least a part of it) and will also be more motivated to take steps to secure their money outside of the banking system. Chinese stock market and US stock market as well are still in a huge bubble and this is gonna pop big time for sure, we've seen nothing yet. Bitcoin value is definitely going to benefit here, as people are looking for alternatives and BTC market is still very small and has huge potential for growth. Just my opinion.

zby

legendary

Activity: 1594

Merit: 1001

A correction would be normal. The rally slowed down - now it looks like the downward pressure is overtaking. It would not mean anything wrong with the uptrend if it does not go too low.

neurotypical

hero member

Activity: 672

Merit: 503

Quote from: brokenchair on July 11, 2015, 01:50:27 PM

Honestly i've been skeptical ever since we started going upwards from the 250 range, as that seemed to be the standard high price for the day for the last few months, which quite frankly I was happy with and had begun to accept as bitcoins value, but i'm just curious as to if anyone has a good reason to believe we will hold these levels ($20 either direction) from actual usage or see a substantial drop.

Greece issue appears to be resolved, I'm seeing the more recent news being China is rebounding (personally I see more of a downturn, but I honestly do not know enough about it), with the Greece resolution we won't see reports about puerto rico everyday lol, and the fed changes there mind every damn second so screw it. I also caught glimpses of the uber rumor being denied, which is sort of sad as uber and bitcoin have some similar principles, and it didn't appear to impact the btc which is odd, as normally bears jump on that shit.

Try to not be a troll thread for once lol.

Are you here for the long term because you think Bitcoin will scale up to challenge every single electronic payment infrastructure existing today + all the other features that the blockchain can do? Do you believe that the current marketcap is ridiculously tiny compared to what it can be achieved with this technology? Then hold.

Are you scared to lose your investment because you aren't sure of that? Do you want some quick beer money? Then sell.

You and only you can choose.

brokenchair

member

Activity: 109

Merit: 10

Honestly i've been skeptical ever since we started going upwards from the 250 range, as that seemed to be the standard high price for the day for the last few months, which quite frankly I was happy with and had begun to accept as bitcoins value, but i'm just curious as to if anyone has a good reason to believe we will hold these levels ($20 either direction) from actual usage or see a substantial drop.

Greece issue appears to be resolved, I'm seeing the more recent news being China is rebounding (personally I see more of a downturn, but I honestly do not know enough about it), with the Greece resolution we won't see reports about puerto rico everyday lol, and the fed changes there mind every damn second so screw it. I also caught glimpses of the uber rumor being denied, which is sort of sad as uber and bitcoin have some similar principles, and it didn't appear to impact the btc which is odd, as normally bears jump on that shit.

Try to not be a troll thread for once lol.

Topic: holding these levels or dropping? (Read 498 times)