Play smart, set exit points, take profit, re-enter - page 3.

judeafante

sr. member

Activity: 2254

Merit: 258

Quote from: raskolnikovx on January 07, 2021, 09:02:14 PM

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 ...

It's good if we have an indication that it's going to have a repeat, what happened back in 2017 was fast and unexpected, right now we expect this to happen but we need to see an indication of when will this big pump going to end, the only difference I've seen so far is only the top coins in the market are making huge pump but other altcoins especially new ones are not experiencing pump, this is the only difference.

amishmanish

legendary

Activity: 1904

Merit: 1159

Well. Won't we all love it this to happen this time too? At least those of us who are still stacking.

Despite your experience of the past two bull runs, you cannot deny that market sentiment this time around is very different. The kind of endorsements coming in are not just from celebrities but companies and CEOs. Many of the single buy orders have been for 100s and 1000s of BTC. That is serious money and not the retail FOMO of 2017.

thecodebear

hero member

Activity: 2240

Merit: 848

Quote from: raskolnikovx on January 07, 2021, 09:02:14 PM

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 ...

Well, companies have never gotten in before (other than the odd company deciding to be the lone wolf and jumping in). That's the difference. If the companies end up panic selling everything no different than FOMOing retail investors then it will end up being the same. But there is certainly reason to think that companies and those in charge of investment firms have more experience than the average person who heard about some investment making people rich and jumps in trying to get rich quick. Institutions are much more likely to buy for the long term. Maybe we will get another year long 80% drop later on when this bull run ends, but it might also be completely different because a different breed of investor is driving this bull run. Sure price is skyrocketing and there are plenty of predictions, but the ones doing the buying are different.

That said, of course being smart, figuring out exit points you'll be happy with, and planning to re-enter as well is all good, though take into account the fact that if you plan to re-enter 80% down or something you may end up re-entering at a higher price than you exited because the market is changing now. Best not to exit entirely, but just exit partially when you are happy taking money completely out of Bitcoin.

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: raskolnikovx on January 07, 2021, 09:02:14 PM

....If you are a holder, then this will allow you to buy cheaper.

Then you're not a holder. A long term holder wouldn't care about exits and re-entry right? If it goes up, buy. If it goes down, buy - Dollar Cost Averaging.

I'm not going to question your own method. You can exit anytime at a profit if you feel like it.

I'm just going to say thatanyone selling now is also at a risk of buying higher if he or she plans to re-enter since BTC has been crushing the market. It briefly breached $40,000 hours ago and I don't think it'll be stopping there. Who knows if correction comes after $100,000? If it does correct, will you re-enter when the new bottom is $50K?

raskolnikovx

full member

Activity: 186

Merit: 100

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 ...

Topic: Play smart, set exit points, take profit, re-enter - page 3. (Read 555 times)