What is your exit strategy?
None. As I replied to other thread with a “sinking ship” metaphor, I'm not planning to exit because I trust the technology Bitcoin is built upon.
Topic: OFFICIAL - FUD thread (Read 940 times)
None. As I replied to other thread with a “sinking ship” metaphor, I'm not planning to exit because I trust the technology Bitcoin is built upon.
Ok, I have been following Btc since around xmas when it was big news and the price shot up. I haven't invested in it as the price keeps falling and have only brought enough to buy a few bits and pieces.
Now if you look at any of the price graphs you will see that it goes from nothing to silly money for no apparent reason, and then seems to have been in gradual decline since then. Every time it does go up, it never goes above the previous low. It has dipped below $300 recently and I would say will be heading towards $200 in another month. Was the high point just a blip?
All this is despite all the publicity it has had since xmas and all the work that is currently going on in the community. As no one is mining anymore, does it matter if Expedia or Overstock accept Btc? Unless you are paid in Btc, you would still have to pay a % to acquire it.
My question to you is, what is your exit strategy? If you invested in the last nine months, can you afford to sell up? Are people still investing despite the downward trend?
Now if you look at any of the price graphs you will see that it goes from nothing to silly money for no apparent reason, and then seems to have been in gradual decline since then. Every time it does go up, it never goes above the previous low. It has dipped below $300 recently and I would say will be heading towards $200 in another month. Was the high point just a blip?
All this is despite all the publicity it has had since xmas and all the work that is currently going on in the community. As no one is mining anymore, does it matter if Expedia or Overstock accept Btc? Unless you are paid in Btc, you would still have to pay a % to acquire it.
My question to you is, what is your exit strategy? If you invested in the last nine months, can you afford to sell up? Are people still investing despite the downward trend?
I will sell t at least half of value i did buy them.
If were for me, i would buy at the dip. Doing this will at least mitigate the losses provided that you have the fund. If i bought 1 btc at 400 and bought another btc at dip when price is 300, i would only need 350 to break even. At least for now, price has rebounded back to 390. In a nutshell, i won't put everything i have on first buy. Save the bucks for the subsequent one. Anyway this is not fx when you have a margin call. Anyway for those who bought at 1000, nothing much can be done unless seriously you have the cash. I'm waiting fir it to hit the magic 100 though 
I agree, buy at the dip. However, it has been dipping for 9 months now. No point buying at 300 when it could be 250 next month. It's not just Btc either. Most CCs are slumping.
I'm just saying, we don't know what caused the peak last year and there is no sign of another one. Would you all keep your coins even if they went back down to $10?
My question to you is, what is your exit strategy? If you invested in the last nine months, can you afford to sell up? Are people still investing despite the downward trend?
I'll let you know my exit strategy in 10 years…
OP treats bitcoin investment from the perspective of traditional traders in financial market. It is understandable we need some policies to close the position which is against us. They will build the position when the price movement has obvious direction. I think it is not the right time for you to invest it due to being the bear market of bitcoin.
If you bought in looking for the quick flip, that's not going to happen. the technology part is amazing but it is too early to tell what that does for the price long-term
If were for me, i would buy at the dip. Doing this will at least mitigate the losses provided that you have the fund. If i bought 1 btc at 400 and bought another btc at dip when price is 300, i would only need 350 to break even. At least for now, price has rebounded back to 390. In a nutshell, i won't put everything i have on first buy. Save the bucks for the subsequent one. Anyway this is not fx when you have a margin call. Anyway for those who bought at 1000, nothing much can be done unless seriously you have the cash. I'm waiting fir it to hit the magic 100 though
My question to you is, what is your exit strategy? If you invested in the last nine months, can you afford to sell up? Are people still investing despite the downward trend?
Only fudsters need an exit strategy. Those that believe with hold their coins and ride out the ups and downs because they believe the best is yet to come. Bitcoin hasn't reached anywhere near it's full potential yet and it could be a while before it does, but you should have faith.
This some people will HODL no matter what the price is.
My question to you is, what is your exit strategy? If you invested in the last nine months, can you afford to sell up? Are people still investing despite the downward trend?
Only fudsters need an exit strategy. Those that believe with hold their coins and ride out the ups and downs because they believe the best is yet to come. Bitcoin hasn't reached anywhere near it's full potential yet and it could be a while before it does, but you should have faith.
Ok, I have been following Btc since around xmas when it was big news and the price shot up. I haven't invested in it as the price keeps falling and have only brought enough to buy a few bits and pieces.
Now if you look at any of the price graphs you will see that it goes from nothing to silly money for no apparent reason, and then seems to have been in gradual decline since then. Every time it does go up, it never goes above the previous low. It has dipped below $300 recently and I would say will be heading towards $200 in another month. Was the high point just a blip?
All this is despite all the publicity it has had since xmas and all the work that is currently going on in the community. As no one is mining anymore, does it matter if Expedia or Overstock accept Btc? Unless you are paid in Btc, you would still have to pay a % to acquire it.
My question to you is, what is your exit strategy? If you invested in the last nine months, can you afford to sell up? Are people still investing despite the downward trend?
Now if you look at any of the price graphs you will see that it goes from nothing to silly money for no apparent reason, and then seems to have been in gradual decline since then. Every time it does go up, it never goes above the previous low. It has dipped below $300 recently and I would say will be heading towards $200 in another month. Was the high point just a blip?
All this is despite all the publicity it has had since xmas and all the work that is currently going on in the community. As no one is mining anymore, does it matter if Expedia or Overstock accept Btc? Unless you are paid in Btc, you would still have to pay a % to acquire it.
My question to you is, what is your exit strategy? If you invested in the last nine months, can you afford to sell up? Are people still investing despite the downward trend?
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