How has this year's action affected your attitude and plans?

ladydark

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Quote from: BrewMaster on November 20, 2017, 10:54:34 AM

Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

i always cash out something at each step of the way when there is a rise. but i never cash out completely. that is how a low risk strategy should be in my opinion.
to tell the truth this rise, specially when it is this fast, is very scary but also missing out on all the possible prices in the future is even scarier.

what i do is that when there is a fast price surge i sell something to get the profit out but i try to do it on the highest price and then when the correction comes i buy back what i have sold.

That's really a great idea to follow.It would definitely help avoid huge losses when price falls down.

But i have decided to just hold my bitcoins despite small market dips as we have seen many times bitcoin price falling after reaching new heights and then immediately recovering and reaching ATH.So,i hope that even if price falls,it would not affect the journey of bitcoin price progressing.

kaya11

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No plans on selling until I have seen charts that says I will make a decent profit of 5x or higher. You may think I am greedy but It is reasonable. Since most happenings recently lead to bitcoin and ethereum rising, decided to hold and soon enough will reach my target. People are starting to realize the advantages of cryptocurriences for daily usage and now they are thinking to exchange their fiat to bitcoin. This the the beginning of our golden age and I better be part of it.

btcney

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Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

Gotta say it's all happened considerably faster than I was expecting. My plan was to stay put until 2020 and then have a think and that hasn't changed yet.

I am starting to wonder what the next bear market will look like though. It's easy to savour five figures when everything's on the up. When people can't drop that shit fast enough is when the real mettle is tested.

I'm stuck between 2 choices, whether to dump now and buy later or just keep holding. My average buy price is well under the current value and i doubt it'll ever crash to that figure, so i'm a lot more free on my decisions regarding bitcoin price.

And the events that happened this year has definitely led to this as well. Before this i was planning on holding it for at least a decade without worrying much about the short term trends, but this trend is just so huge that i can't ignore it.

I guess i'm going to wait till at least $10k before dumping any.

edisystem

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Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

Gotta say it's all happened considerably faster than I was expecting. My plan was to stay put until 2020 and then have a think and that hasn't changed yet.

I am starting to wonder what the next bear market will look like though. It's easy to savour five figures when everything's on the up. When people can't drop that shit fast enough is when the real mettle is tested.

Wow 2020, that's a long plan to hold your coins. This year is a big year for bitcoin, the price of bitcoin increase so high this year and my plan is holding my bitcoins until the next year. Tbh i'm nervous and afraid what will happen on bitcoin in the future because the price is surprisingly high rn.

cipher-x_09

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Definitely got me thinking to hold bitcoin most of the people especially some may call it greedy and I say I don't care in my case it is going to be up to me I want to sell it at my desired level of price because that is the purpose why you buying bitcoin to sell it at your desired price level. And back to the topic definitely the fast growing pace of bitcoin got us thinking and more believing in bitcoin now.

hase0278

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Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

Gotta say it's all happened considerably faster than I was expecting. My plan was to stay put until 2020 and then have a think and that hasn't changed yet.

I am starting to wonder what the next bear market will look like though. It's easy to savour five figures when everything's on the up. When people can't drop that shit fast enough is when the real mettle is tested.

The current action have greatly affected my plans. Instead of sitting, waiting for another 2 years to recover what I lost when the last bear market occurred, I recovered my investment now with a hefty sum of profit by selling 40% of my stash and what changed in my plan is that instead of selling it all, I will hold what I have left until 2020 and am planning to rebuy more on dips that will occur in the future.

timerland

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Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

Gotta say it's all happened considerably faster than I was expecting. My plan was to stay put until 2020 and then have a think and that hasn't changed yet.

I am starting to wonder what the next bear market will look like though. It's easy to savour five figures when everything's on the up. When people can't drop that shit fast enough is when the real mettle is tested.

Definitely made me a much more resilient holder of bitcoin in my opinion. I've came from a cash out target of $5k to now $15k, and at that point i'll only cash out half of my bag. I learned this the hard way as well when i cashed out my stash at $5k only and now i'm sitting on a 60% loss basically.

The real test is when bitcoin is dropping though, it's all merry until a flash crash happens. Like when China announced that ICOs will be banned, people panicked quite a lot and price plumetted as a result. It's important to hold through these patches.

Kemarit

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Quote from: HeRetiK on November 21, 2017, 10:07:50 AM

Quote from: BrewMaster on November 20, 2017, 10:54:34 AM

Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

i always cash out something at each step of the way when there is a rise. but i never cash out completely. that is how a low risk strategy should be in my opinion.
to tell the truth this rise, specially when it is this fast, is very scary but also missing out on all the possible prices in the future is even scarier.

what i do is that when there is a fast price surge i sell something to get the profit out but i try to do it on the highest price and then when the correction comes i buy back what i have sold.

Pretty much the strategy that I am following as well. Trying to tell the top of a current grow phase or waiting for the point where exchanging BTC for fiat has become obsolete is too risky for me. I'm very bullish on BTC, but I prefer diversifying my holdings on the way up.

What has changed however is that I reduced my cash out rate. I expected a much faster, but less enormous price increase, making it easier to buy back on the way down. Now I'm just happy to take small profits every now and then. I got lucky with the first 2 dips, but I unfortunately slept through the climax of the BCH / BTC drama :X

Me too mate. I cash out when bitcoin reach ATH but not completely. I still have a X amount that I hold for longer term. And when there's a dip buy in bulk to accumulate more. Of course I'm a believer and the more I saw the price reaching this far, the more I think I made the right decision to invest on it. I never got nervous or anything when the price is going down. Sometimes I went like 2-3 days away without checking the price and when I came back quite surprise to see the price falling at $5600, during the BCH/BTC drama.

ivrynx

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The movement of the market today, only made me to trust in Bitcoin more, since entering this year, it is just less than 1000 usd, and after how many forks and a lot of negative news about Bitcoin, it still has proven itself to be a great investment, I think it only showed us to take on investing with Bitcoin seriously, since it will give us a fortune, in time. it didn't made me change any plans, rather to improve it and find ways to get more positive returns.

HeRetiK

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Quote from: BrewMaster on November 20, 2017, 10:54:34 AM

Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

i always cash out something at each step of the way when there is a rise. but i never cash out completely. that is how a low risk strategy should be in my opinion.
to tell the truth this rise, specially when it is this fast, is very scary but also missing out on all the possible prices in the future is even scarier.

what i do is that when there is a fast price surge i sell something to get the profit out but i try to do it on the highest price and then when the correction comes i buy back what i have sold.

Pretty much the strategy that I am following as well. Trying to tell the top of a current grow phase or waiting for the point where exchanging BTC for fiat has become obsolete is too risky for me. I'm very bullish on BTC, but I prefer diversifying my holdings on the way up.

What has changed however is that I reduced my cash out rate. I expected a much faster, but less enormous price increase, making it easier to buy back on the way down. Now I'm just happy to take small profits every now and then. I got lucky with the first 2 dips, but I unfortunately slept through the climax of the BCH / BTC drama :X

Happichfun

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when price increase risk increase that make me hold little and try to gain high possible amount

jamids

sr. member

Activity: 616

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Still the same plan. I will hold bitcoins as long as it is profitable for the long term. There are so many positive views about bitcoin's price in the next year or next five years and it seems so ambitious to think that we will reach that price but then no one thought or shall I say majority thought that bitcoin cannot reach $8,000 this year. It seems too much to think about the price reaching $8k now when in the beginning of the year its price did not even reach a thousand dollars yet. I'm more inclined to earn more bitcoin because my plans and goals may be reach sooner rather than later because of the price surge.

imstillthebest

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Quote from: omonuyak on November 21, 2017, 01:24:59 AM

I have developed a strong believe that bitcoin is going to be number one currency and some countries are going to adopt it before 2025. I have a plan to be keeping some of my coins till around 2020 before sell the interest and hold the capital. I have changed my perspective about bitcoin since close to end of last year when I discovered that bitcoin is becoming a formidable force in the world economic and many great institutions has started picking issues with its advancements.

bitcoin is already the number one currency and most countries are already adapted it to be use as an alternative currency next to fiats. @op im still sticking to my same old plan which is cashing out every week ends or whenever i recieved something in my bitcoin wallet though im soon planning to save up if bitcoins value can climb up untill 10,000$ and can totally convince me.

omonuyak

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Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

Gotta say it's all happened considerably faster than I was expecting. My plan was to stay put until 2020 and then have a think and that hasn't changed yet.

I am starting to wonder what the next bear market will look like though. It's easy to savour five figures when everything's on the up. When people can't drop that shit fast enough is when the real mettle is tested.

I have developed a strong believe that bitcoin is going to be number one currency and some countries are going to adopt it before 2025. I have a plan to be keeping some of my coins till around 2020 before sell the interest and hold the capital. I have changed my perspective about bitcoin since close to end of last year when I discovered that bitcoin is becoming a formidable force in the world economic and many great institutions has started picking issues with its advancements.

MiningSensei

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Well bitcoin has not changed a lot in my life, i mean, i was the same nice guy that i am at the moment, the only thing that i changed during this years, is that i have been improving a lot and i learned a lot, and that is true.
At the beggining, i was not even able to make a simple trade, and now i am making a lot of profit through bitcoin trading (not altcoin trading)
But yes, it changed me the way that i see bitcoin, and how do i spend it, the way that i invest it, it is all a difficult thing because sometimes you dont know if you really diserve to spend your bitcoins, or if you are just making a huge mistake by selling them.
Sometimes it is a fifty-fifty situation.

maxj57634

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Activity: 168

Merit: 100

Ever since the price hike went to a full blast it drastically changes on what i plan to do with my bitcoin, i was thinking that i should hold it more and maybe just play about 1/4 of my bitcoin into the market so that i can profit.

RyNinDaCleM

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Legen -wait for it- dary

Far less fucks given in every day life. Plans really haven't changed considering I always knew it would eventually get here, just perhaps not the exact time frame it got here. My biggest regret is not being able to get my oldest daughter into a Bitcoin mindset until recently when people at her school have begun bringing it up.

jbombfb

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Quote from: AT101ET on November 20, 2017, 10:56:52 AM

HODL HODL HODL.
That’s the long term plan Grin

I guess there are a big mistake of grammar in your sentences right Cheesy

Indrawan77

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Activity: 1274

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This year really change on how I spend my bitcoin, in previous year I take bitcoin for granted and underestimate its value, so I keep on spending on the things I like, but this year I hold myself and try to hold as much as possible and find way to invest my bitcoin, and the rising had shown me that the people now already really attracted to bitcoin

The_Dark_Knight

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Quote from: gentlemand on November 20, 2017, 10:19:26 AM

Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?

Gotta say it's all happened considerably faster than I was expecting. My plan was to stay put until 2020 and then have a think and that hasn't changed yet.

I am starting to wonder what the next bear market will look like though. It's easy to savour five figures when everything's on the up. When people can't drop that shit fast enough is when the real mettle is tested.

My overall plan has not changed, but the figures I think I was going to see have changed, at the beginning of this year I would have been happy if I saw bitcoin growing up to 2000 dollars and yet we saw this huge price increase, however while I think it is possible that the next year could be incredible in terms of profits there is also the possibility the price goes down, I was not around the last time there was that huge crash so I do not know exactly how I’m going to react, I just hope to be mature enough to resist and keep holding even in those circumstances.

Topic: How has this year's action affected your attitude and plans? (Read 525 times)