Author

Topic: Is it going up or down??? (Read 826 times)

hero member
Activity: 826
Merit: 508
December 19, 2013, 02:18:39 PM
#14
He's a "day trader".  All he does is buy, sell, buy, sell  "Holding" isn't in his vocabulary.  Best advice possible right now is:   Do nothing and hold.

I have some cold storage for holding. Why would I hold everything in a market with swings like this? Again, best advice for some... maybe...
hero member
Activity: 924
Merit: 1001
December 19, 2013, 01:58:07 PM
#13
He's a "day trader".  All he does is buy, sell, buy, sell  "Holding" isn't in his vocabulary.  Best advice possible right now is:   Do nothing and hold.

sr. member
Activity: 462
Merit: 250
December 19, 2013, 01:53:18 PM
#12
Don't even bother checking the price movements because it's pointless.
I couldn't possibly disagree more. Fuck buy and hold during these times.

Very simplistic view you are taking there, in your case yes maybe, it depends really at what stage you got in at and the level of your exposure and what you can afford to lose etc..

The main point is that if the guy has to ASK the question he's probably not capable of executing any sort of worthwhile trading strategy in the short term so in his particular case it's probably better to make a long term bet on BTC and only invest what you can afford to lose.

I've been buying and selling all damn day, my trading volume has gone through the roof. 50% of my coin is in long term storage. The other 50% I'm trading with. Though I'm mostly out at the moment, it's been far too stable for me the last few hours so I can't call it either way. A few wild swings is what I like Smiley
hero member
Activity: 826
Merit: 508
December 19, 2013, 01:49:49 PM
#11
Don't even bother checking the price movements because it's pointless.
I couldn't possibly disagree more. Fuck buy and hold during these times.
sr. member
Activity: 462
Merit: 250
December 19, 2013, 01:46:01 PM
#10
Yes.

It's an indicator that it took 7 replies before someone hit the nail on the head.

The answer is yes, it will go up and it will go down. What are you doing investing in bitcoin if you have to ask a question line that?

You want some guys on the forum to tell you that it's going up so you can buy and turn a profit? save your money and the heartache or fix up your trading strategy.

You clearly shouldn't be trading short term, so the only question you have to ask yourself is, do you believe in bitcoin? If yes, invest something you can afford to lose and leave it for 12 months. Don't even bother checking the price movements because it's pointless. If not, then step away from the keyboard and forget about bitcoin.
newbie
Activity: 42
Merit: 0
December 19, 2013, 01:40:31 PM
#9
Remember latest stable price? Around 550's.
So even without China in the game the stable price should be much lower, I expect 400's so I think it will go down soon
sr. member
Activity: 260
Merit: 251
December 19, 2013, 01:36:55 PM
#8
Yes.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
December 19, 2013, 01:34:10 PM
#7
lol

who the hell knows
legendary
Activity: 1232
Merit: 1195
December 19, 2013, 01:25:45 PM
#6
It's going up down and 'round and around.

Seriously, I'd say it's on its way slowly up now.
hero member
Activity: 811
Merit: 1000
Web Developer
December 19, 2013, 01:21:39 PM
#5
It's going up and then down and then up and then down and then up and then down...
sr. member
Activity: 434
Merit: 250
December 19, 2013, 01:19:54 PM
#4
I expect it to go down till 2014 and at the start of the 2014 go all the way up! Wink
sr. member
Activity: 440
Merit: 250
December 19, 2013, 01:17:58 PM
#3
This is million dollar question

Personally I think the price will go bit down
hero member
Activity: 826
Merit: 1000
°^°
December 19, 2013, 01:15:46 PM
#2
no its hodling its level!
hero member
Activity: 777
Merit: 500
December 19, 2013, 01:12:33 PM
#1
Hi, I am a bit confused. On gox a few days ago it was $455. I missed that chance to buy as I was busy. Currently it has shot up to $684! Is it going to go down in correspondence with the BTCChina situation.
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