As long as that $300 isn't going to cause you or your family any hardship, just keep it invested long term. In a year or two it may double or triple. Nobody knows what will happen for sure, but $300 isn't usually life and death and there is a potential for BTC to get huge at some point.
Long term BTC is basically going to go to $1000 or more, or to $0. For $300 I would just wait and see.
Topic: Should someone who bought in at $150 sell and cut their losses NOW or hold? - page 2. (Read 3762 times)
April 16, 2013, 09:25:43 AM
April 16, 2013, 09:20:21 AM
I remember seeing BTC go from $32 to like $2, then back up. That is not weird when you consider the liquidity of bitcoin and the total lack of regulation. Unlike a stock, anyone can completely divest in seconds and the fundamentals don't change. If it were a stock then the lack of incoming funds would leave the company insolvent and the stock would become worthless. Bitcoin is more like gold. It doesn't matter what the price is, it could always go up or down.
April 16, 2013, 09:10:23 AM
Looking at the broader view, there's really a tremendous amount of support building up around $10 that can protect against single digits. That's probably a lot of the institutional money placing itself visibly on the sideline in order to watch this play out a little while longer. As MtGox builds confidence around improving their backend, that money will feel more confident about getting back in the pool. It'll probably take some time, but I think there's a good chance this gets repaired.
When you say support do you mean large buy walls at $10?
April 16, 2013, 09:07:02 AM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
Just hold on. If you have the technical understanding to know the source of the volatility then you know it's in the process of being fixed but that it could take 3-6 months. We are waiting for Gox to update their trade engine and waiting for more advanced trade engines to be built. This typically takes 6 months to code, possibly could take a year but from looking at the code myself I'd say at the most it will take 6 months because it's not that complicated.
April 16, 2013, 08:54:03 AM
I'm not going to make a new thread for the same exact topic, so I hope you don't mind if I ask a question as well.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
It might go lower, be-careful day trading, it might go down and down, and then you sell to buy more Bitcoin when it goes further down. Except that ends up being the real low and it starts to gradually rise again. $70 will be met again, might take a year max. (unless Bitcoin goes to zero never to return)
But...I guess I'll hold. It seems to be rising slightly anyway.
April 16, 2013, 08:52:21 AM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
Assuming you don't need the money, hold, it will keep you in the game and Bitcoin will either return or go to zero and never return, many people sold at -$10 after buying at $30+ in the last peak, if they held they would still be up even right now.
I'm not going to make a new thread for the same exact topic, so I hope you don't mind if I ask a question as well.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
It might go lower, be-careful day trading, it might go down and down, and then you sell to buy more Bitcoin when it goes further down. Except that ends up being the real low and it starts to gradually rise again. $70 will be met again, might take a year max. (unless Bitcoin goes to zero never to return)
It's beginning to look like $50 is the bottom, folks.
Are you being sarcastic? I think $50 is quite high for your bottom proudhon. Not expecting single digits?
Looking at the broader view, there's really a tremendous amount of support building up around $10 that can protect against single digits. That's probably a lot of the institutional money placing itself visibly on the sideline in order to watch this play out a little while longer. As MtGox builds confidence around improving their backend, that money will feel more confident about getting back in the pool. It'll probably take some time, but I think there's a good chance this gets repaired.
April 16, 2013, 08:49:25 AM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
Assuming you don't need the money, hold, it will keep you in the game and Bitcoin will either return or go to zero and never return, many people sold at -$10 after buying at $30+ in the last peak, if they held they would still be up even right now.
I'm not going to make a new thread for the same exact topic, so I hope you don't mind if I ask a question as well.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
It might go lower, be-careful day trading, it might go down and down, and then you sell to buy more Bitcoin when it goes further down. Except that ends up being the real low and it starts to gradually rise again. $70 will be met again, might take a year max. (unless Bitcoin goes to zero never to return)
It's beginning to look like $50 is the bottom, folks.
Are you being sarcastic? I think $50 is quite high for your bottom proudhon. Not expecting single digits?
It's beginning to look like $50 is the bottom, folks.
*Grabs chest, staggers backwards, collapses*
O.O
Yeah, unprecedented right?
April 16, 2013, 08:38:10 AM
It's beginning to look like $50 is the bottom, folks.
*Grabs chest, staggers backwards, collapses*
O.O
No shit, now I'm worried!
April 16, 2013, 08:33:23 AM
wat
sell when it reaches $10,000 a coin in 2016 obv
sell when it reaches $10,000 a coin in 2016 obv
April 16, 2013, 08:29:56 AM
Hold and play long, it will be an interesting ride. $300 isn't much in the grand scheme of things.
April 16, 2013, 08:25:26 AM
I'm not going to make a new thread for the same exact topic, so I hope you don't mind if I ask a question as well.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
April 16, 2013, 08:17:46 AM
It's beginning to look like $50 is the bottom, folks.
Never heard you that bullish...
Proudhon bullish = crash imminent?
Now that's how to spread panic! ...prepare to test support at 0.05$!
April 16, 2013, 08:07:44 AM
It's beginning to look like $50 is the bottom, folks.
To the brave Spartans who fought and held at 50:
http://www.youtube.com/watch?v=HdNn5TZu6R8
April 16, 2013, 08:05:28 AM
It's beginning to look like $50 is the bottom, folks.
*Grabs chest, staggers backwards, collapses*
O.O
April 16, 2013, 08:00:57 AM
Hold. It's been like one week- definitely hold at this point. It was money you were okay with losing anyway- right? So don't lose it without needing to lose it.
April 16, 2013, 08:00:35 AM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
please sell sell sell everything all the way down to 0.1c.....so I can be and early adopter !!!!!
April 16, 2013, 07:59:15 AM
It's beginning to look like $50 is the bottom, folks.
Never heard you that bullish...
Proudhon bullish = crash imminent?
April 16, 2013, 07:53:49 AM
Sell until it's too late to get even 60.
April 16, 2013, 07:51:49 AM
It's beginning to look like $50 is the bottom, folks.
Maybe for the day. My feeling is we'll be at 40 and 30 before long.
April 16, 2013, 07:42:37 AM
There were people who bought during the first bubble that finally saw profit recently because they held long enough. You could continue that proud tradition 
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