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Topic: I dumped. Are you? - page 5. (Read 6265 times)

full member
Activity: 350
Merit: 100
August 19, 2012, 07:03:01 AM
#10
Quote from: ElectricMucus
People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down.... At least till december imo.

I very much doubt that. Going totally all-in is actually an option right now, I've never seen such a buying opportunity with Bitcoin.

The basis for this is that regardless of the bubble & crash Bitcoin fundamentals are stronger than ever. Block reward halving is also getting closer and closer which will most definitely cause upward pressure.

Currently a good strategy is to buy and buy more the lower it goes.

That's all good and well, but what about the guy that's got 500000 BTC burning a hole in his pocket?
hero member
Activity: 602
Merit: 508
Firstbits: 1waspoza
August 19, 2012, 07:01:43 AM
#9
Quote from: ElectricMucus
People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down.... At least till december imo.

I very much doubt that. Going totally all-in is actually an option right now, I've never seen such a buying opportunity with Bitcoin.

Yea it might be last chance to get coins at single digit.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
August 19, 2012, 07:00:38 AM
#8
People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.

If we go down that speed till December, we're at -400
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
August 19, 2012, 06:58:44 AM
#7
Quote from: ElectricMucus
People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down.... At least till december imo.

I very much doubt that. Going totally all-in is actually an option right now, I've never seen such a buying opportunity with Bitcoin.

The basis for this is that regardless of the bubble & crash Bitcoin fundamentals are stronger than ever. Block reward halving is also getting closer and closer which will most definitely cause upward pressure.

Currently a good strategy is to buy and buy more the lower it goes.
full member
Activity: 159
Merit: 100
August 19, 2012, 06:58:35 AM
#6
People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.

I feel it is going to stop very early. We would go up tomorrow and so on
full member
Activity: 350
Merit: 100
August 19, 2012, 06:58:27 AM
#5
Remember, sell when others are buying, buy when others are selling.

Not in such an illiquid market that a single player selling can wipe out the entire thing.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
August 19, 2012, 06:56:54 AM
#4
People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.
hero member
Activity: 602
Merit: 508
Firstbits: 1waspoza
August 19, 2012, 06:56:40 AM
#3
Best case - buy back when the dump is over, price rebounds Monday.

Okay case - price continues to fall, I'll take my losses and avoid being a bagholder for six months.

Worst case - I just sold into the daily low and it's about to rebound right now. Lips sealed

Im not gonna sell. If it fall more im gonna buy.

Remember, sell when others are buying, buy when others are selling.
legendary
Activity: 3472
Merit: 1724
August 19, 2012, 06:55:10 AM
#2
Keeping, I think the price will increase in the next 2-3 days.
full member
Activity: 350
Merit: 100
August 19, 2012, 06:52:11 AM
#1
Best case - buy back when the dump is over, price rebounds Monday.

Okay case - price continues to fall, I'll take my losses and avoid being a bagholder for six months.

Worst case - I just sold into the daily low and it's about to rebound right now. Lips sealed
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