I need bitcoin to be $690 to break even.....will I make it? - page 7.

deisik

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Quote from: Dafar on June 19, 2015, 11:39:45 AM

Quote from: deisik on June 18, 2015, 12:04:42 PM

Quote from: Xialla on June 18, 2015, 08:07:41 AM

Quote from: arallmuus on June 18, 2015, 05:13:28 AM

There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it

can you please tell us couple of them? day trading is risky, investing to dice-site is risky, cloud mining is unprofitable or ponzi, gambling is mega risky..I really don't get, what you actually mean. Maybe I'm just conservative or something, but waiting to recover seems to me no-risk most feasible way how to deal with loss..

I have already said somewhere (and probably exactly in this thread) that one of the simplest strategy to deal with a loss is to sell some small part of your Bitcoin holdings (say 5-10%) now when the price has risen a little from its support levels, and then wait and see. If the price continues to grow, wait for an increase of, say, 10-15%, then sell again. Since it is highly unlikely right now that the price will rise more than 20% without a significant rebound, you will be able to buy back when the price reverts for the same 10-15%...

And you can do the same with smaller parts of your hoard, thereby taking chance to profit from smaller rebounds (potentially down to exchange fees)

You are still playing a guessing game and hoping you are selling at the top of a run and hoping you can get back in lower. From my experience I can almost never time this right.

Look, you are already at a loss, big time, as the title assumes. So, if you sell a minor part of your stock and the price goes up, isn't that what you were looking for, to begin with? Since you sell only a small part, you would still be better off than if the price didn't change at all. Thereby, you are taking advantage of volatility, independent of the actual price change direction...

arallmuus

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Quote from: Dafar on June 19, 2015, 11:39:45 AM

You are still playing a guessing game and hoping you are selling at the top of a run and hoping you can get back in lower. From my experience I can almost never time this right.

It isnt a guessing game to be honest. People should stop generalizing that trading is the same type of a guessing game or gambling because it isnt. Actually you dont need to buy at the bottom and sell at the top, honestly no one could time it perfectly as well .
What you need is only to sell higher from your position i.e of the few days ago rally where the price gone up for about 10 % or so. If you would take a part on that you would gain some from it because the price has been showing a sign of rally for few days and it reaches its peak at around $250 which is plenty spot for you to gain some profit from the previous $228 before the rally

Quote from: Amph on June 18, 2015, 02:15:08 PM

anyway the OP discussion is pointless, if he not respond anymore

It seems he responded already

Dafar

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dafar consulting

Quote from: deisik on June 18, 2015, 12:04:42 PM

Quote from: Xialla on June 18, 2015, 08:07:41 AM

Quote from: arallmuus on June 18, 2015, 05:13:28 AM

There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it

can you please tell us couple of them? day trading is risky, investing to dice-site is risky, cloud mining is unprofitable or ponzi, gambling is mega risky..I really don't get, what you actually mean. Maybe I'm just conservative or something, but waiting to recover seems to me no-risk most feasible way how to deal with loss..

I have already said somewhere (and probably exactly in this thread) that one of the simplest strategy to deal with a loss is to sell some small part of your Bitcoin holdings (say 5-10%) now when the price has risen a little from its support levels, and then wait and see. If the price continues to grow, wait for an increase of, say, 10-15%, then sell again. Since it is highly unlikely right now that the price will rise more than 20% without a significant rebound, you will be able to buy back when the price reverts for the same 10-15%...

And you can do the same with smaller parts of your hoard, thereby taking chance to profit from smaller rebounds (potentially down to exchange fees)

You are still playing a guessing game and hoping you are selling at the top of a run and hoping you can get back in lower. From my experience I can almost never time this right.

Quote from: CoinBateman on June 18, 2015, 01:16:50 PM

You need to cover your investment by trading your coins. Hedging is important when putting larger sums of money into longer term investments.

Since I'm not a trader, this sounds like a fast way to lose even more coins

Amph

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Quote from: arallmuus on June 18, 2015, 01:14:37 PM

Quote from: Amph on June 18, 2015, 12:12:39 PM

lending is not that risky

Only if you secure a collateral, otherwise it will be the same as Lending in some BTC lending platform . No matter how reputable your lender is bitcointalk, without a collateral it will bear the same risk as lending to a stranger ( unless you know his identity of course )

P.S : Even a reputable member like Maidak is pulling a "scam" ( not sure a scam, could be an interest free loan without permission, call it whatever you want )

still very easy to offer a collateral here, you can just give your account, and then you have practically, zero risk involved

btw i still think that maidak account was hacked

anyway the OP discussion is pointless, if he not respond anymore, if he is still holding good for him, otherwise there is no much to add

CoinBateman

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You need to cover your investment by trading your coins. Hedging is important when putting larger sums of money into longer term investments.

arallmuus

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Quote from: Xialla on June 18, 2015, 08:07:41 AM

Quote from: arallmuus on June 18, 2015, 05:13:28 AM

There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it

can you please tell us couple of them? day trading is risky, investing to dice-site is risky, cloud mining is unprofitable or ponzi, gambling is mega risky..I really don't get, what you actually mean. Maybe I'm just conservative or something, but waiting to recover seems to me no-risk most feasible way how to deal with loss..

Dont use the word "risk" too much because everything are risky to begin with. Risk is a part of our life and to hold yourself because you think things are risky isnt a good way to do things. Everything is indeed risky, best thing would be to choose the one that bear less risk for you

Waiting to recover should be the last resort that someone has to use. Whats the point of waiting if you could minimize your loss by now?

This would be one of the things you can do to recover some of your loss (below) .Basically it is about to cut your lost and buyback lower and get a chance for profit during some mini pump or rebound ( this isnt a day trading )

Quote from: deisik on June 18, 2015, 12:04:42 PM

to sell some small part of your Bitcoin holdings (say 5-10%) now when the price has risen a little from its support levels, and then wait and see. If the price continues to grow, wait for an increase of, say, 10-15%, then sell again. Since it is highly unlikely right now that the price will rise more than 20% without a significant rebound, you will be able to buy back when the price reverts for the same 10-15%...

And you can do the same with smaller parts of your hoard, thereby taking chance to profit from smaller rebounds (potentially down to exchange fees)

P.S : well explained deisik , save me some time to type the same thing

Quote from: Amph on June 18, 2015, 12:12:39 PM

lending is not that risky

Only if you secure a collateral, otherwise it will be the same as Lending in some BTC lending platform . No matter how reputable your lender is bitcointalk, without a collateral it will bear the same risk as lending to a stranger ( unless you know his identity of course )

P.S : Even a reputable member like Maidak is pulling a "scam" ( not sure a scam, could be an interest free loan without permission, call it whatever you want )

Amph

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Quote from: Xialla on June 18, 2015, 08:07:41 AM

Quote from: arallmuus on June 18, 2015, 05:13:28 AM

There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it

can you please tell us couple of them? day trading is risky, investing to dice-site is risky, cloud mining is unprofitable or ponzi, gambling is mega risky..I really don't get, what you actually mean. Maybe I'm just conservative or something, but waiting to recover seems to me no-risk most feasible way how to deal with loss..

lending is not that risk if you offer a service here on the forum, like quickseller, you can earn a decent amount, there are many that need big loan every day with a very good interest of 10-20% depend on the time for the return

i find it as a good way to increase your bitcoin stash

deisik

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Activity: 3514

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English ⬄ Russian Translation Services

Quote from: Xialla on June 18, 2015, 08:07:41 AM

Quote from: arallmuus on June 18, 2015, 05:13:28 AM

There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it

can you please tell us couple of them? day trading is risky, investing to dice-site is risky, cloud mining is unprofitable or ponzi, gambling is mega risky..I really don't get, what you actually mean. Maybe I'm just conservative or something, but waiting to recover seems to me no-risk most feasible way how to deal with loss..

I have already said somewhere (and probably exactly in this thread) that one of the simplest strategy to deal with a loss is to sell some small part of your Bitcoin holdings (say 5-10%) now when the price has risen a little from its support levels, and then wait and see. If the price continues to grow, wait for an increase of, say, 10-15%, then sell again. Since it is highly unlikely right now that the price will rise more than 20% without a significant rebound, you will be able to buy back when the price reverts for the same 10-15%...

And you can do the same with smaller parts of your hoard, thereby taking chance to profit from smaller rebounds (potentially down to exchange fees)

Xialla

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/dev/null

Quote from: arallmuus on June 18, 2015, 05:13:28 AM

There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it

can you please tell us couple of them? day trading is risky, investing to dice-site is risky, cloud mining is unprofitable or ponzi, gambling is mega risky..I really don't get, what you actually mean. Maybe I'm just conservative or something, but waiting to recover seems to me no-risk most feasible way how to deal with loss..

arallmuus

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Activity: 2562

Merit: 1414

Quote from: Bit-Gods on June 18, 2015, 04:43:22 AM

Hold it for few years and you will break even, put btc in cold storage and check back after 5 years, most likely you would have break even and made profit, seeing the increased adaptability of bitcoin throughout the world.

Most likely indicate that you are pretty much unsure about this. Basically holding it for a few years and "hope" that the price will increase in a few years timeframe will be the last resort that someone has to do in order to break even. There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it

Moonpig

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Quote from: lissandra on June 16, 2015, 03:20:44 PM

Quote from: brendasmith982 on June 15, 2015, 10:20:57 AM

Quote from: Dafar on March 01, 2015, 07:23:35 PM

Quote from: AtheistAKASaneBrain on March 01, 2015, 07:09:35 PM

If you have patience you will regain your loses.

How much patience..... are we talking 2 years or 20 years?

20years will make you a millionaire.

20 years id be 47, and id say why the hell would I hold these coins for so long.

If anyone holds this long, much props to them. I could be dead before 47 due to natural causes etc.

You could die today also. Most people save until there older and bitcoin could give you a nice early retirement package and give you the freedom to do all the things you ever wanted. On the flip side of that nothing is guaranteed but it is exciting to see where bitcoin will go in the future.

Bit-Gods

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Quote from: Dafar on March 01, 2015, 06:34:57 PM

Will I make it?

Hold it for few years and you will break even, put btc in cold storage and check back after 5 years, most likely you would have break even and made profit, seeing the increased adaptability of bitcoin throughout the world.

arallmuus

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Quote from: LottoBooking on June 18, 2015, 03:01:17 AM

Don't you think if the US would start raising interest rates then investors would prefer a currency that yields % by itself instead of picking BTC that yields no interest whatsoever? Huh

Even without increasing the interest rates, people would still be much more interested in putting their money to yield interest for them rather than putting it in form of BTC that yield no interest. However if there is much demands for it and the price of BTC is high enough than this interest rates wouldnt be a problem at all

LottoBooking

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Quote from: softstorb on June 17, 2015, 07:11:24 PM

There will be a day where bitcoin will start to skyrocket and right after there will be some heavy adoption announcement.

Don't you think if the US would start raising interest rates then investors would prefer a currency that yields % by itself instead of picking BTC that yields no interest whatsoever? Huh

softstorb

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Quote from: CrackedLogic on June 17, 2015, 06:45:35 AM

Quote from: eerygarden on June 16, 2015, 03:02:43 PM

Quote from: grendel25 on June 16, 2015, 02:45:02 PM

Quote from: CrackedLogic on June 16, 2015, 10:51:14 AM

Quote from: Dafar on June 16, 2015, 10:25:52 AM

Quote from: fatguyyyyy on June 15, 2015, 06:15:05 PM

Funny, I am in the same boat. I bought a large amount of bitcoin at $650-$700 and I've been suffering ever since ..

We ride together or we die together.... bitcoin broz 4 lyfe!

There's been a minor pump? From 235-248 over night. I propose that we'll hit around $270 now.

I don't know about that. I don't think we'll see such a gradual incline. I think it will be an explosive jump in price followed by another gradual decline. That just seems to be the basic trend. I think what we're seeing right now are modest panic buying of a few new entrants to the bitcoin market. There is a storm brewing and it will get political and corporate attention and I think it could be led by the same people behind movements like occupy Wall Street.

I agree that there will be an explosive jump at some point. I don't know why there is all this talk of a storm brewing but I sense it too. It must be a lot of wishful thinking causing a lot of hot air.

Well the current average sits at $257. I still predict it to hit $270 and then fall back to around $240 -$250 as of the current trend.
Let's hope I'm proved wrong and it rolls over $270 with ease.

Bitcoin is still on a short term view right now. There will be a day where bitcoin will start to skyrocket and right after there will be some heavy adoption announcement. There are way too many projects in the making right now the market is not representative of the potential here.

You should buy some at this range and hold for a good 2-3 years this baby is still at its youngest stage.

CrackedLogic

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Quote from: eerygarden on June 16, 2015, 03:02:43 PM

Quote from: grendel25 on June 16, 2015, 02:45:02 PM

Quote from: CrackedLogic on June 16, 2015, 10:51:14 AM

Quote from: Dafar on June 16, 2015, 10:25:52 AM

Quote from: fatguyyyyy on June 15, 2015, 06:15:05 PM

Funny, I am in the same boat. I bought a large amount of bitcoin at $650-$700 and I've been suffering ever since ..

We ride together or we die together.... bitcoin broz 4 lyfe!

There's been a minor pump? From 235-248 over night. I propose that we'll hit around $270 now.

I don't know about that. I don't think we'll see such a gradual incline. I think it will be an explosive jump in price followed by another gradual decline. That just seems to be the basic trend. I think what we're seeing right now are modest panic buying of a few new entrants to the bitcoin market. There is a storm brewing and it will get political and corporate attention and I think it could be led by the same people behind movements like occupy Wall Street.

I agree that there will be an explosive jump at some point. I don't know why there is all this talk of a storm brewing but I sense it too. It must be a lot of wishful thinking causing a lot of hot air.

Well the current average sits at $257. I still predict it to hit $270 and then fall back to around $240 -$250 as of the current trend.
Let's hope I'm proved wrong and it rolls over $270 with ease.

Amph

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Quote from: lissandra on June 16, 2015, 03:20:44 PM

Quote from: brendasmith982 on June 15, 2015, 10:20:57 AM

Quote from: Dafar on March 01, 2015, 07:23:35 PM

Quote from: AtheistAKASaneBrain on March 01, 2015, 07:09:35 PM

If you have patience you will regain your loses.

How much patience..... are we talking 2 years or 20 years?

20years will make you a millionaire.

20 years id be 47, and id say why the hell would I hold these coins for so long.

If anyone holds this long, much props to them. I could be dead before 47 due to natural causes etc.

you don't need to wait that much, i believe that the next year will reserve plenty of good surprise, in the worst case in 2020, bitcoin will be already big enough, surely we don't need 20 years to achieve mainstream, even satoshi said so, and he was talking about it 6 years ago....

lissandra

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Quote from: brendasmith982 on June 15, 2015, 10:20:57 AM

Quote from: Dafar on March 01, 2015, 07:23:35 PM

Quote from: AtheistAKASaneBrain on March 01, 2015, 07:09:35 PM

If you have patience you will regain your loses.

How much patience..... are we talking 2 years or 20 years?

20years will make you a millionaire.

20 years id be 47, and id say why the hell would I hold these coins for so long.

If anyone holds this long, much props to them. I could be dead before 47 due to natural causes etc.

eerygarden

sr. member

Activity: 406

Merit: 250

Quote from: grendel25 on June 16, 2015, 02:45:02 PM

Quote from: CrackedLogic on June 16, 2015, 10:51:14 AM

Quote from: Dafar on June 16, 2015, 10:25:52 AM

Quote from: fatguyyyyy on June 15, 2015, 06:15:05 PM

Funny, I am in the same boat. I bought a large amount of bitcoin at $650-$700 and I've been suffering ever since ..

We ride together or we die together.... bitcoin broz 4 lyfe!

There's been a minor pump? From 235-248 over night. I propose that we'll hit around $270 now.

I don't know about that. I don't think we'll see such a gradual incline. I think it will be an explosive jump in price followed by another gradual decline. That just seems to be the basic trend. I think what we're seeing right now are modest panic buying of a few new entrants to the bitcoin market. There is a storm brewing and it will get political and corporate attention and I think it could be led by the same people behind movements like occupy Wall Street.

I agree that there will be an explosive jump at some point. I don't know why there is all this talk of a storm brewing but I sense it too. It must be a lot of wishful thinking causing a lot of hot air.

grendel25

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Quote from: CrackedLogic on June 16, 2015, 10:51:14 AM

Quote from: Dafar on June 16, 2015, 10:25:52 AM

Quote from: fatguyyyyy on June 15, 2015, 06:15:05 PM

Funny, I am in the same boat. I bought a large amount of bitcoin at $650-$700 and I've been suffering ever since ..

We ride together or we die together.... bitcoin broz 4 lyfe!

There's been a minor pump? From 235-248 over night. I propose that we'll hit around $270 now.

I don't know about that. I don't think we'll see such a gradual incline. I think it will be an explosive jump in price followed by another gradual decline. That just seems to be the basic trend. I think what we're seeing right now are modest panic buying of a few new entrants to the bitcoin market. There is a storm brewing and it will get political and corporate attention and I think it could be led by the same people behind movements like occupy Wall Street.

Topic: I need bitcoin to be $690 to break even.....will I make it? - page 7. (Read 26258 times)