Well, if you can take advantage of this strategy, it is very good to increase profits when the bullish season occurs,
But the buy back strategy must also be done with the right analysis technique,
because if not then you will miss the moment again, and this must be done with care.
Topic: Play smart, set exit points, take profit, re-enter (Read 539 times)
Other people do that they hold they sell their bitcoin now and they waiting for another dumping which is a good idea that will gives you more profit. But it will also cause to you to lose profit let say you sell all your bitcoin and the price is rise so you lose it , what ever you do a decision they have consequences so make a research first before you do that like selling or holding this coin.
facts, i didn't really need money back in 2016-2017, and i had some bitcoin, and after a small profit, i exchanged it to FIAT, and bitcoin skyrocketed and i regret doing that, it's more than 30k now and i sold them at 2100$, now i would rather lose everything hoping for bitcoin to go up than sell and just take that small profit people are searching for. Been here since 2013 and I already saw this happening at least twice (2014, 2018). The price skyrockets, predictions are crazy, companies get in, adoption seems to get boosted, and many other things we are experiencing now. Then, one day the price goes down. From 1200 to 200 (2014), from 20000 to 3900 (2018). I know we all want this time to be different, but I truly think it's going to be the same.
Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
Those are my two cents ...
Basing off with those previous years and experience that we had in the past then it cant really be avoided not to think that it might really happen again.Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
Those are my two cents ...
When it comes to possibilities then it can happen again but for those who do really go for long term then this wont really be an issue.
Exit points is a must for those who do go for short term trades to ensure out profitability.
Re-entering the market is much more difficult because we wont able to now on when and what price it can possibly fall.
Other people do that they hold they sell their bitcoin now and they waiting for another dumping which is a good idea that will gives you more profit. But it will also cause to you to lose profit let say you sell all your bitcoin and the price is rise so you lose it , what ever you do a decision they have consequences so make a research first before you do that like selling or holding this coin.
[...] you can sell some portion but do not sell all your bitcoin at once, instead set the target at a higher point, probably at $100k during the bull run market or at least until Q4 2020 that the value might hit the peak.
This was precisely what my OP said. Set exit points such as 35, 36, 37, 38, 39, 40, and sell some BTCs to take profit. You can buy cheaper when the corrections occur or just convert to FIAT and cash out. Corrections will happen. Even if you think it's gonna hit 100K, it will correct a couple of times until your target. It's not about selling all your coins, it's about programming little sells that will most likely let you get back in cheaper.
Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
The price surely will be corrected at some point, there are some minor corrections yet the big one seems to have not come up to the surface.
everyone who has sold at $42k maybe obtains a considerable profit right now, but what if bitcoin hits $50k this week? they could have made more profit, you can sell some portion but do not sell all your bitcoin at once, instead set the target at a higher point, probably at $100k during the bull run market or at least until Q4 2020 that the value might hit the peak.
It is likely we are playing safe, that exactly a smart thing to do even for me.
Have someone wanted to lose? NO, we all are aiming for returns, and that we need to think several times before hitting the button to sell, buy, or hold. Because if that we miss last 2017 Bullrun and that we miss again this year, there is something wrong with our strategy and that our plan is not been followed. Many got to failed because of being too confident that the market will continue to surge neglecting to think the possible dumb and that it happens last Bullrun.
This must not have to happen again...
Exactly, we are aiming the same to get profit, not just a loss.Have someone wanted to lose? NO, we all are aiming for returns, and that we need to think several times before hitting the button to sell, buy, or hold. Because if that we miss last 2017 Bullrun and that we miss again this year, there is something wrong with our strategy and that our plan is not been followed. Many got to failed because of being too confident that the market will continue to surge neglecting to think the possible dumb and that it happens last Bullrun.
This must not have to happen again...
But that is not a smart decision, because you don't know when to exit the market and take profit. For me, take profit once there is and hold the remaining balanced you have left. Or reinvest when there is a short correction happen, just like now, the market has shown a short correction and I think hold and invest more is an appropriate decision during this time. Because you did not know when to re-enter the market once you exit.
It is likely we are playing safe, that exactly a smart thing to do even for me.
Have someone wanted to lose? NO, we all are aiming for returns, and that we need to think several times before hitting the button to sell, buy, or hold. Because if that we miss last 2017 Bullrun and that we miss again this year, there is something wrong with our strategy and that our plan is not been followed. Many got to failed because of being too confident that the market will continue to surge neglecting to think the possible dumb and that it happens last Bullrun.
This must not have to happen again...
Have someone wanted to lose? NO, we all are aiming for returns, and that we need to think several times before hitting the button to sell, buy, or hold. Because if that we miss last 2017 Bullrun and that we miss again this year, there is something wrong with our strategy and that our plan is not been followed. Many got to failed because of being too confident that the market will continue to surge neglecting to think the possible dumb and that it happens last Bullrun.
This must not have to happen again...
Yeah, they're all in to the market and they wouldn't waste those sold coins in the market. And like those that I've read before, there were some of them that have been buying OTC to make sure that they've kept themselves unknown. Big money is in and as soon as bitcoin reaches the one trillion dollar market cap. I think there will be more from these institutions and those that are still lurking around just to make sure that their decision would fit their standards.
What you guys are thinking about corporations is actually something I fear not support. If companies have this much bitcoin, it means the money is at hands of just one place, which means if Grayscale wants to, they can destroy bitcoin today with one click of a button.It is going to take a while to sell them all, but can you imagine what would happen if graysacale decides to sell over half a million bitcoins? That would make the price go under 3k for sure, we haven't been under 3k for over 3-4 years now, but we would be under it for sure without a doubt when that much is sold. This is why I think it is going to be crucially important to make sure these companies can't sell all of them all at once by regulators, if they do that, it is going to cause a ton of people losing a lot of money, collectively billions of dollars will be gone, all because of one company.
There's always a certain price level that will effectively never be seen again, unless Bitcoin falls to zero, and this level is constantly going up. $1,000 seemed like a big deal in 2017 when it was witnessed for a second time, but after that is has never been seen again. When you sell, there's always a risk that this price will be below the bottom that will come after the crash, so no matter what you do, you will miss out on some profits. This is why people choose to HODL - you can't make mistakes with it.
I feel the same about going under 10k right now. Back in 2017 it was a big deal to go over 1k, but we never went under 3k even again, which means 3k+ was the bottom, before that it was a big deal to go over 100 dollars, but we have seen 1400 dollars, never seen under 100 dollars again (which is what ethereum is doing right now I think) and now we have seen 40k, I think we are not going to see under 10k ever again from now on.We may never know this, we didn't know we wouldn't go under 100 dollars ever again, we didn't know we wouldn't go under 3k ever again, and just like that we don't know if we will see under 10k ever again neither. All we can do is speculate and right now I think that speculation is definitely 10k. It was a hard psychological number that we went high and low constantly and we didn't really go above it easily, but when we did, we just skyrocketed to 40k+ dollars.
Been here since 2013 and I already saw this happening at least twice (2014, 2018). The price skyrockets, predictions are crazy, companies get in, adoption seems to get boosted, and many other things we are experiencing now. Then, one day the price goes down. From 1200 to 200 (2014), from 20000 to 3900 (2018). I know we all want this time to be different, but I truly think it's going to be the same.
Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
Those are my two cents ...
But with the MOvement of Bitcoin now , I think it's really harder to decide exiting unless you are willing to risk the chance of having profit by Selling .Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
Those are my two cents ...
I know your intention and that's a Helpful advice but if you wanted to sell you Bitcoin then Better convert to another Good performing altcoins .
Good on theory, bad on practice for the past 30 days results.
IMO the current turbulent market conditions are not allowing selling and re-entering at a lower price.
IMO the current turbulent market conditions are not allowing selling and re-entering at a lower price.
Not if Bitcoin drops to 30K next week ...
, Any Plans if this not happens ? maybe another weeks ? 
Been here since 2013 and I already saw this happening at least twice (2014, 2018). The price skyrockets, predictions are crazy, companies get in, adoption seems to get boosted, and many other things we are experiencing now. Then, one day the price goes down. From 1200 to 200 (2014), from 20000 to 3900 (2018). I know we all want this time to be different, but I truly think it's going to be the same.
Well, I might agree this but if you will see the trend of Bitcoin from 2008 to the present the trend is bullish and even though it will drop it will drop higher than the price where it dropped years ago. I know that the market will go down at some time as all of the markets are doing the same kind of cycle (going up and then going down). Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
In short, have some plans in whatever things to happen. Have some cash if it started to go down. Learn to take profit if you need to. If you have a target price and it reached it then sell it. Whatever happens, the trend of Bitcoin will still be bullish and it will not change. legendary
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Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
Those are my two cents ...
Those are my two cents ...
The fact is there's going to be a correction, but just like other years back, the corrections won't matter when the bullruns comes because by then we'll be doing outrageous numbers as we're currently doing. Now the ball is in your court choose wisely or leave to regret selling very early like most users are currently regretting.
Nobody knows how high the price of bitcoin will go therefore trying to pick the right price to sell become an issue that can be solved by simply holding unto your coins for more years. The bear is a part of the market and if you can hold your emotions back and avoid selling, you'll be among the next enthusiast filled with joy when the next bullruns begin although this run hasn't ended yet, we're just at the early stage.
Ps: How about this 2
Actually for those users who have felt bitcoin price 2017 ago they will afraid to buy at the current price. They will doubt every time they will buy bitcoin, because it had happened quickly. We hope it will be different because we can feel the different situation, there is no anything at 2018 ago, just a few companies that accept bitcoin and make its price soared.
But now we have a verg good factor, bitcoin has considered as a safe heaven beside gold. I bet at this bull run season there have been attracted many new investors and make its price increase more than we expected. I myself, to avoid to be victim like the bull run market 2018 ago I choose as a day trader, seem like it is the save way because we will know when the bear market will come.
But now we have a verg good factor, bitcoin has considered as a safe heaven beside gold. I bet at this bull run season there have been attracted many new investors and make its price increase more than we expected. I myself, to avoid to be victim like the bull run market 2018 ago I choose as a day trader, seem like it is the save way because we will know when the bear market will come.
Been here since 2013 and I already saw this happening at least twice (2014, 2018). The price skyrockets, predictions are crazy, companies get in, adoption seems to get boosted, and many other things we are experiencing now. Then, one day the price goes down. From 1200 to 200 (2014), from 20000 to 3900 (2018). I know we all want this time to be different, but I truly think it's going to be the same.
Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
Those are my two cents ...
Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.
Those are my two cents ...
What if it dont go lower and it just continue grow 10 times higher then when you sell? When you say play smart you need to keep this situation n mind also. Yes definitely have sale strategy. And best sale strategy is (SSS) - A Sane and Simple bitcoin Savings plan. https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065
With it you can never miss the train and with it you can never be left with full bags of useless coin.
Whats different for sure this time is, even dumps of 1000 coins within 5 minutes drops the price only for 1-2k and very quick everything is getting bought up again. Whales really getting wrecked this time. Money is switching hands from very early adopter nerds and gamers to pro sharks and institutions.
Yeah, they're all in to the market and they wouldn't waste those sold coins in the market. And like those that I've read before, there were some of them that have been buying OTC to make sure that they've kept themselves unknown. Big money is in and as soon as bitcoin reaches the one trillion dollar market cap. I think there will be more from these institutions and those that are still lurking around just to make sure that their decision would fit their standards.It is going to take a while to sell them all, but can you imagine what would happen if graysacale decides to sell over half a million bitcoins? That would make the price go under 3k for sure, we haven't been under 3k for over 3-4 years now, but we would be under it for sure without a doubt when that much is sold. This is why I think it is going to be crucially important to make sure these companies can't sell all of them all at once by regulators, if they do that, it is going to cause a ton of people losing a lot of money, collectively billions of dollars will be gone, all because of one company.
Good on theory, bad on practice for the past 30 days results.
IMO the current turbulent market conditions are not allowing selling and re-entering at a lower price.
IMO the current turbulent market conditions are not allowing selling and re-entering at a lower price.
Not if Bitcoin drops to 30K next week ...
It's different this time. Not that much attention from the institutions has ever been made than what we're seeing today. Yes, there's the possibility that there will be a crash but there are too many of them waiting for a small dip and then they'll buy all of those available bitcoins to be bought by them just to be brought up long term and with a higher price. He's correct about taking profits, if you've held since $3k, $4900 and we're @ $30k, $41k, those prices are profit if that satisfies you and you need the cash.
Whats different for sure this time is, even dumps of 1000 coins within 5 minutes drops the price only for 1-2k and very quick everything is getting bought up again. Whales really getting wrecked this time. Money is switching hands from very early adopter nerds and gamers to pro sharks and institutions.
It's different this time. Not that much attention from the institutions has ever been made than what we're seeing today. Yes, there's the possibility that there will be a crash but there are too many of them waiting for a small dip and then they'll buy all of those available bitcoins to be bought by them just to be brought up long term and with a higher price. He's correct about taking profits, if you've held since $3k, $4900 and we're @ $30k, $41k, those prices are profit if that satisfies you and you need the cash.
Whats different for sure this time is, even dumps of 1000 coins within 5 minutes drops the price only for 1-2k and very quick everything is getting bought up again. Whales really getting wrecked this time. Money is switching hands from very early adopter nerds and gamers to pro sharks and institutions.
One thing to keep in mind about institutions is that they got tons of cash available, much more than an average investor. They can buy BTC at $40K and then later say that their fund is "invested in bitcoin" and they don't really care if BTC goes to $20K or $80K because they are holding it long term like decades, whereas the average investor will hold it max for a few months and dump when it doesn't go anywhere.
So institutions right now can buy the top, but they can handle the drawdown, most retail investors can't. So just because institutions are buying, doesn't mean it has to go up. Obviously the last institution that buys in will get to hold the bag, question is when will it happen.
Good on theory, bad on practice for the past 30 days results.
IMO the current turbulent market conditions are not allowing selling and re-entering at a lower price.
IMO the current turbulent market conditions are not allowing selling and re-entering at a lower price.
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