Last chance to get some GEO before today's pump bump - page 2.

greyworld

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Activity: 168

Merit: 100

Quote from: MC-Maxim on August 21, 2017, 01:37:33 PM

Thank you for nice explain Wink

If the the price would drop to 65 again for example that would be good to buy some more, and sell again at peak.

NP.

If the price drops to 65 again I think the party is over.

If that happens, wait until late on 8/22 to buy after today's bump settles in a little. Personally, I would spend no more than half of what you made in profits from today's trades. Keep your risk low.

Probably there will be another big pump on 8/23.

MC-Maxim

newbie

Activity: 28

Merit: 0

Quote from: greyworld on August 21, 2017, 01:31:48 PM

Quote from: MC-Maxim on August 21, 2017, 01:26:24 PM

I`m not that good in those calculations yet. Just begining. At what price you suggest to sell the rest? Should we really wait for 100?

Here's how I do it:

Say you buy 100 at 65k.

Total buy in, 6,500,000 satoshi

Say you sold half those (50) at 77k

So now your total buy in is 6500k - 3850k = 2650

So your cost per, with 50 left, is 2650k / 50 = 53k

To find out how many you have to sell at what rate to break even, do this:

2650 / (how many of those 50 you'll sell) = Sell price

2650k / 30 = 88.3k

So if you sell 30 at 88k, 100% of your buy in is covered.

Leaves you with 20 GEO left that you didn't have to pay for. I would be very reluctant to sell those at all, maybe just a little here or there if you notice a really nice spike. Save some for 8/23!

Thank you for nice explain Wink

If the the price would drop to 65 again for example that would be good to buy some more, and sell again at peak.

greyworld

full member

Activity: 168

Merit: 100

Quote from: MC-Maxim on August 21, 2017, 01:26:24 PM

I`m not that good in those calculations yet. Just begining. At what price you suggest to sell the rest? Should we really wait for 100?

Here's how I do it:

Say you buy 100 at 65k.

Total buy in, 6,500,000 satoshi

Say you sold half those (50) at 77k

So now your total buy in is 6500k - 3850k = 2650

So your cost per, with 50 left, is 2650k / 50 = 53k

To find out how many you have to sell at what rate to break even, do this:

2650 / (how many of those 50 you'll sell) = Sell price

2650k / 30 = 88.3k

So if you sell 30 at 88k, 100% of your buy in is covered.

Leaves you with 20 GEO left that you didn't have to pay for. I would be very reluctant to sell those at all, maybe just a little here or there if you notice a really nice spike. Save some for 8/23!

MC-Maxim

newbie

Activity: 28

Merit: 0

I`m not that good in those calculations yet. Just begining. At what price you suggest to sell the rest? Should we really wait for 100?

greyworld

full member

Activity: 168

Merit: 100

Quote from: MC-Maxim on August 21, 2017, 01:09:46 PM

Sold half for 77 Grin

like you adviced Wink

Cheers!

Now your remaining average buy price is 53k, not 65.

Suggestion: You could sell 60% of what you have left at 88k - Then the remaining 40% (20% of original purchase) is 'free', and let that ride. It's a very cautious approach (no actual realized profit yet) but I like to minimize risk.

MC-Maxim

newbie

Activity: 28

Merit: 0

Sold half for 77 Grin

like you adviced Wink

greyworld

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Activity: 168

Merit: 100

Quote from: MC-Maxim on August 21, 2017, 12:31:16 PM

90 is that you mean 0,0009 BTC? Wink

NO! 90 BTC!!! TO THE MOON!

j/k. Yes 90k satoshi.

Just spiked again, up to 80k this time.

HODL!

MC-Maxim

newbie

Activity: 28

Merit: 0

Quote from: greyworld on August 21, 2017, 12:03:38 PM

Quote from: MC-Maxim on August 21, 2017, 11:51:36 AM

I missed it Sad

I bought at 65K some time ago and should sold it now.

Nah, news isn't out yet, this is just some pre-pump activity.

Just hodl and wait, maybe set up some sells at 90 or so to cover your initial cost and then sit on the rest. I think it'll easy spike over 100k as soon as devs post news.

90 is that you mean 0,0009 BTC? Wink

greyworld

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Activity: 168

Merit: 100

I just heard from the devs that it will be 'midday Pacific time, similar to last release.' So I'd guess between 2 and 6 hours from now.

octomob

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Activity: 155

Merit: 12

Crypto Mining Hardware for Sale

Quote from: greyworld on August 21, 2017, 12:03:38 PM

Quote from: MC-Maxim on August 21, 2017, 11:51:36 AM

I missed it Sad

I bought at 65K some time ago and should sold it now.

Nah, news isn't out yet, this is just some pre-pump activity.

Just hodl and wait, maybe set up some sells at 90 or so to cover your initial cost and then sit on the rest. I think it'll easy spike over 100k as soon as devs post news.

Any info on when the news are expected?

greyworld

full member

Activity: 168

Merit: 100

Quote from: MC-Maxim on August 21, 2017, 11:51:36 AM

I missed it Sad

I bought at 65K some time ago and should sold it now.

Nah, news isn't out yet, this is just some pre-pump activity.

Just hodl and wait, maybe set up some sells at 90 or so to cover your initial cost and then sit on the rest. I think it'll easy spike over 100k as soon as devs post news.

MC-Maxim

newbie

Activity: 28

Merit: 0

I missed it Sad

I bought at 65K some time ago and should sold it now.

octomob

member

Activity: 155

Merit: 12

Crypto Mining Hardware for Sale

Quote from: octomob on August 20, 2017, 10:46:54 PM

I'm in at 51k )

Closed @65k and happy

greyworld

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Activity: 168

Merit: 100

Quote from: topcigars on August 21, 2017, 11:00:10 AM

80 is basically in a couple of minutes.

Yeah, considering the news didn't even hit yet, I think the real pump hasn't even started. Maybe I'll wait for 100k

GEO just made Bittrex's 'Biggest # gain of the day' slot, but it looks like it's neck and neck with Monero.

topcigars

newbie

Activity: 136

Merit: 0

80 is basically in a couple of minutes.

MC-Maxim

newbie

Activity: 28

Merit: 0

Quote from: greyworld on August 21, 2017, 10:53:19 AM

Quote from: topcigars on August 21, 2017, 10:43:55 AM

i will be happy with a 150%. Roll Eyes

Congrads, I hope you held onto a little.

I might sell enough at 80 so the rest I'm holding was basically free and then let that ride. This could blow up in a big way.

What is 80? 80%? If you talk about the %, what is the start price for calculate those %? Is is last actual price before blow? Thanks.

greyworld

full member

Activity: 168

Merit: 100

Quote from: topcigars on August 21, 2017, 10:43:55 AM

i will be happy with a 150%. Roll Eyes

Congrads, I hope you held onto a little.

I might sell enough at 80 so the rest I'm holding was basically free and then let that ride. This could blow up in a big way.

MC-Maxim

newbie

Activity: 28

Merit: 0

At what price you will sell it guys?

topcigars

newbie

Activity: 136

Merit: 0

i will be happy with a 150%. Roll Eyes

greyworld

full member

Activity: 168

Merit: 100

Up 30%+ in the last hour.

Still a good buy at anything under 80k imo.

News hasn't even hit yet.

Topic: Last chance to get some GEO before today's pump bump - page 2. (Read 2672 times)