Topic: Sell now and buy again at $1300. - page 5. (Read 6915 times)

We can buy now and sell at $1300. And then sell at $1300 and buy at $600. The price of bitcoin is too volatile.

HUH? Why is that right to buy so high amount I think with that I will just lose my money.
I don't think that bitcoin price will be fast to increase and a shot time.

I will never to that except if 1300 dollars will be a stable price.
With that kind of amount I won't make a profit.
I just better sell it when the price is high and buy when is low.

There's no way that I would want to miss that large of a profit.
I see no upside to selling now and buying at $1300 again
Who knows what will happen when bitcoin reaches $1000, it could go down to a solid $700 and stay there for who knows how long.

It's good fun to see that people are commenting very seriously on this thread while OP is just trolling and having a good laugh while reading all posts.

Why would I do that? Does that make profit? I don't think so, the most of people here always goes for profit and that is buy low sell high. I know if you buy 1300 dollar maybe bitcoin will have a good changes to grow, but people just love to make profit so we will see.

Then cryptsy collapses when price reaches 1300 and you'll lose big, while you could profit by selling at the $1300 top

Price alone is not enough. We need more users of bitcoin. The more user, the higher the price. More people know bitcoin now.

Given the eyes on Bitcoin now. It would be hard to believe we'll see anywhere near 1000 for a good while.

I'm sorry for all the people who bought high, but right now, its already above a fair price for BTC.

I'm a shit trader, but this advice makes me look brilliant.

i think the market decides if these issues are resolved or not.
if we go above latest ATH without any changes dont you think that the market just said: bitcoin is fine as-is?

If we hit price over $1000 again, yeah many people will sell but not all because in the other side some people will thinking bitcoin can touch level more than $1500

I personally wouldn't do it because I'm not a trader, but the idea in principle isn't as unsound as everyone makes it out to be.

Obviously, if Bitcoin were guaranteed to make it to $1300, then there's no reason at all to sell until that point. But we're all constantly being told that Bitcoin is risky and could go to zero. So if you concede that point at all, then there certainly is potential value to be had by selling now.

The idea of the OP is that, if Bitcoin were to ever hit $1300, then it would likely not only be far less risky at that moment, but almost surely a great investment set to rise, say, another 3-4x. This idea is founded on the pattern that each new ATH creates a bubble that always reaches several multiples higher than the previous one. Right now, it's relatively uncertain whether such a bubble will even get a chance to form.

It's a game of perceived percentages. For example, perhaps you think Bitcoin is terribly risky now, with an 80% chance of failure and a 20% chance of achieving another bubble to, say, $3000. That's an expected return of ($3000)*(0.2) = $600 per coin. At a price of $377, that's a 59.2% return, but you also take on the risk of wildly high volatility.

But say right now you also think that, if it were indeed to reach $1300, it would almost have to be in the middle of a meteoric rise. If right now, you think that hitting $1300 would provide a 20% chance of failure and an 80% chance of reaching $3000, then the expected return would be (3000)*(0.8) = $2400 per coin. At a price of $1300, you get an expected return of 84.6%, not just a higher percentage but also with lower volatility. A much better buy.

Of course, all of this analysis depends not only on your perception of the asset, but on your perception of your future perception of the asset. If this doesn't match your perception, then this strategy isn't for you.

Edit: There's also the time factor. Who knows when that 59.6% will happen, as we're currently waiting indefinitely for a new bubble. But the 84.6% would be gained during a bubble that already started, and so would be pretty much instant.

i believe that in the future for example in 2 or 3 years the price might be that high so i believe that i should save all the bitcoins i have and not buy anything though if the price would go down i would loose all the money i have so i dont know what would be the best decision to do in such case

Price alone is not good enough. We had price over 1000 before, and Bitcoin wasn't in its 'full potential either. If we reach over $1000 once again it will spike caused by traders, trading bots and speculators.
After that price will go immediately go down, because most of us will sell at $1000, me included.

Yes but think of all the money you would save IF bitcoin never takes off and slowly drifts away to nothing.

Yeah we all did that 

I don't see how this would be a good idea. What about the profits you could've made if you were just to hold right now?
Maybe when you're investing in different markets, this would work but not if you're just in it for bitcoin.

It is more comparable to buying at $32 in January 2013 or buying at $267 in October 2013.

It is surpassing the previous all-time high that indicates the momentum. It is not a difficult concept.

The bots or at least the ones who wrote the software for the bot needs to have a deep understanding of how Bitcoin works.