Sell now and buy again at $1300. - page 8.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: ?? on ??

Quote from: jehst on December 03, 2015, 11:57:36 AM

Advantages: If the price reaches $1300, then there is strong momentum and it will probably go much higher.
If the price doesn't reach $1300, then bitcoin failed or something seriously went wrong. You will save yourself a lot of time and money.

Disadvantages: You miss the gains from 350 to 1300

>If the price reaches $1300, then there is strong momentum and it will probably go much higher.
Breaking the all-time high is simply that. Doesn't imply momentum.

>If the price doesn't reach $1300, then bitcoin failed or something seriously went wrong.
Failed? I'd be quite happy if by this time next year, BTC traded at $1k. Wouldn't you?

I would be happy finishing 2016 at $600. That would still be more growth than any other item in my portfolio. In fact, I can't think of anything likely to almost double in a year.

Amph

legendary

Activity: 3248

Merit: 1070

i don't want to miss that gain, which x350+, on the other hand it's true that i'm not waiting for 1300 only, but if we are really going above 1300 then it's better to simply hold then doing anything else more risky, for a not-professional trader/manipulators

dloghwak

sr. member

Activity: 290

Merit: 250

Good old sell low, buy high tactic.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: Zicadis on December 03, 2015, 12:55:09 PM

You can change your figure of $1300 to $500. Is your theory still valid? I would say, if the bitcoin price does not reach $1300 in 5 years, then it is in serious trouble.

$1300 is chosen because it is above bitcoin's all-time high, which means that there is more momentum than ever indicating a new wave of adoption. This reasoning doesn't apply under $1200. Any price under $1200 could be caused by pump and dumps orchestrated by the same old cast of characters.

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

You can change your figure of $1300 to $500. Is your theory still valid? I would say, if the bitcoin price does not reach $1300 in 5 years, then it is in serious trouble.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: mobnepal on December 03, 2015, 12:45:04 PM

Why to loss the chance of getting profit of 1300-350= 950$ for the fear of loss of only 350-100= 250$? I can't get how you calculate that to save us from loss.

Calculate again.

It's to save you from a loss of 100%.

mobnepal

legendary

Activity: 1218

Merit: 1006

Why to loss the chance of getting profit of 1300-350= 950$ for the fear of loss of only 350-100= 250$? I can't get how you calculate that to save us from loss.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Advantages: If the price reaches $1300, then there is strong momentum and it will probably go much higher.
If the price doesn't reach $1300, then bitcoin failed or something seriously went wrong. You will save yourself a lot of time and money.

Disadvantages: You miss the gains from 350 to 1300

Topic: Sell now and buy again at $1300. - page 8. (Read 6915 times)