Topic: Smart to sell at a loss in anticipation? (Read 2549 times)

Quote from: MatTheCat on March 29, 2014, 02:35:03 PM

Once this persistent rumor is confirmed, Its gonna get really ugly when bulls ( knife-catchers) and hodlers panic and capitulate as it pops.
Sheer Panic and unreal prices is not excluded in the coming weeks..

It is possible you are very wrong.

It is indeed possible. But do you know how many times and at how many price ranges I have heard that 'China is already priced in', only for it to turn out that it actually isn't?

Going forward, we have to assume that sooner rather than later, all the volume on the Chinese exchanges is going to stop, as the exchanges cease to operate because the Chinese government are not going to allow a phenomena to openly flourish that has the potential for undermining their entire economic system. As the reality continues to materialise, there will be further sell-off events, which a combination of arbitrage takers, those anticipating the arbitrage takers, and those simply panic selling cos the price is going down, will ensure that activities on the USD exchanges mirror the CNY exchanges.

Any uptrend between now and the end of digital Bitcoin trading in China will be a counter-trend rally...........(and I personally am suspecting a little rally up to mid $550 ranges).

It is that simple.

The China story is losing it's power especially after the recent hoax.
The China story is still losing it's power even if the recent rumors are true.

Gotta remember though, "the markets can remain irrational longer than you can remain solvent."

I still feel that there is a lot of consolidation that is yet to occur before any other trending will occur. After all, the Chinese markets have been affected by all of the news (rumors as they may be) and their market share will continue to impact the entire bitcoin landscape for a while to come. Sure I don't think the trendline will continuously go down, but I think it could last a little while longer. As for that analysis chart that someone posted, I think at this stage, better results would be gotten with a exponential chart. If this stretches out to May (which I highly suspect will be the case) we could see ~$300, but I think by then the market trend will have finally shown signs of going in the other direction.

Sawadekub

full member

Activity: 350

Merit: 102

yea its for 99.9% sure wont drop < 200 thats for sure LOL!! 200-300 very diff.. 300-400 abit diff.. 400-500 yes might drop to 400..

softron

full member

Activity: 210

Merit: 100

Better to hold and buy some if it hits 400

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

I also bought at 680 and my only way is to hodl. Too risky for me to play this sell and buy game. Bitcoin almost do the opposite of that what we expect.

As we were at 520 just 3 weeks ago everybody was expecting a downfall back to 400s again so I was waiting with buying and than that whale bought 10k coins and we were at 710 in just minutes. So I thought 680 is a good price and bought.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Bit_Happy on March 29, 2014, 01:55:56 PM

Quote from: Bit_Happy on March 29, 2014, 01:55:56 PM

Once this persistent rumor is confirmed, Its gonna get really ugly when bulls ( knife-catchers) and hodlers panic and capitulate as it pops.
Sheer Panic and unreal prices is not excluded in the coming weeks..

It is possible you are very wrong.

It is indeed possible. But do you know how many times and at how many price ranges I have heard that 'China is already priced in', only for it to turn out that it actually isn't?

Going forward, we have to assume that sooner rather than later, all the volume on the Chinese exchanges is going to stop, as the exchanges cease to operate because the Chinese government are not going to allow a phenomena to openly flourish that has the potential for undermining their entire economic system. As the reality continues to materialise, there will be further sell-off events, which a combination of arbitrage takers, those anticipating the arbitrage takers, and those simply panic selling cos the price is going down, will ensure that activities on the USD exchanges mirror the CNY exchanges.

Any uptrend between now and the end of digital Bitcoin trading in China will be a counter-trend rally...........(and I personally am suspecting a little rally up to mid $550 ranges).

It is that simple.

The China story is losing it's power especially after the recent hoax.
The China story is still losing it's power even if the recent rumors are true.

K128kevin

member

Activity: 84

Merit: 10

I believe that once you buy some bitcoin, you should not even think about how much you paid for them. Honestly what you originally paid should have no bearing whatsoever on when you choose to buy or sell. If the price is going to go down, the right decision will always be to sell, even if it is for less than what you originally paid. And on the flip side of that, if the price is going to go up, the best option is always going to be to buy.

Although personally I don't buy/sell often. I'm a fan of hodling xD

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: igorr on March 29, 2014, 02:05:19 PM

Once this persistent rumor is confirmed, Its gonna get really ugly when bulls ( knife-catchers) and hodlers panic and capitulate as it pops.
Sheer Panic and unreal prices is not excluded in the coming weeks..

It is possible you are very wrong.

It is indeed possible. But do you know how many times and at how many price ranges I have heard that 'China is already priced in', only for it to turn out that it actually isn't?

Going forward, we have to assume that sooner rather than later, all the volume on the Chinese exchanges is going to stop, as the exchanges cease to operate because the Chinese government are not going to allow a phenomena to openly flourish that has the potential for undermining their entire economic system. As the reality continues to materialise, there will be further sell-off events, which a combination of arbitrage takers, those anticipating the arbitrage takers, and those simply panic selling cos the price is going down, will ensure that activities on the USD exchanges mirror the CNY exchanges.

Any uptrend between now and the end of digital Bitcoin trading in China will be a counter-trend rally...........(and I personally am suspecting a little rally up to mid $550 ranges).

It is that simple.

toxic0n

member

Activity: 413

Merit: 10

Quote from: toxic0n on March 29, 2014, 01:52:02 PM

Quote from: toxic0n on March 29, 2014, 01:52:02 PM

Lol Igorr, you posted the exact same message in multiple threads.
I get that you are depending on bitcoin price collapse so you can make money, but can you restrict your "analysis" to one thread? It's really annoying and you are convincing no one

Obviously, you fear is that people see this Huh

What? I have nothing to gain from spreading lies. I barely own any bitcoins and not planning on speculating.
You have money to make from spreading fear. I get it. Just be less transparent and annoying about it, please. You are about as subtle as the propaganda on Russian news Cheesy

Then, let the people yourself assessing whether these are lies or not.

Lol, I'm sure they can since I don't see anyone buying your FUD. Just stop spamming every thread, you already have your own thread to tell stories.

igorr

sr. member

Activity: 406

Merit: 250

Lol Igorr, you posted the exact same message in multiple threads.
I get that you are depending on bitcoin price collapse so you can make money, but can you restrict your "analysis" to one thread? It's really annoying and you are convincing no one

Obviously, you fear is that people see this Huh

What? I have nothing to gain from spreading lies. I barely own any bitcoins and not planning on speculating.
You have money to make from spreading fear. I get it. Just be less transparent and annoying about it, please. You are about as subtle as the propaganda on Russian news Cheesy

Then, let the people yourself assessing whether these are lies or not.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Once this persistent rumor is confirmed, Its gonna get really ugly when bulls ( knife-catchers) and hodlers panic and capitulate as it pops.
Sheer Panic and unreal prices is not excluded in the coming weeks..

It is possible you are very wrong.
The China story is getting old, and being replaced by good news.
People in Denmark can buy the cheaper BTC (on non-Chinese exchanges), and legally pay no taxes on the profits.

toxic0n

member

Activity: 413

Merit: 10

Quote from: segeln on March 29, 2014, 01:36:31 PM

Lol Igorr, you posted the exact same message in multiple threads.
I get that you are depending on bitcoin price collapse so you can make money, but can you restrict your "analysis" to one thread? It's really annoying and you are convincing no one

Obviously, you fear is that people see this Huh

What? I have nothing to gain from spreading lies. I barely own any bitcoins and not planning on speculating.
You have money to make from spreading fear. I get it. Just be less transparent and annoying about it, please. You are about as subtle as the propaganda on Russian news Cheesy

igorr

sr. member

Activity: 406

Merit: 250

Lol Igorr, you posted the exact same message in multiple threads.
I get that you are depending on bitcoin price collapse so you can make money, but can you restrict your "analysis" to one thread? It's really annoying and you are convincing no one

Obviously, you fear is that people see this Huh

igorr,the king of trolling

Then please just buy, give all your money for bitcoin, much buy.
Sell your house and everything and invest in bitcoin.

segeln

hero member

Activity: 602

Merit: 500

Lol Igorr, you posted the exact same message in multiple threads.
I get that you are depending on bitcoin price collapse so you can make money, but can you restrict your "analysis" to one thread? It's really annoying and you are convincing no one

Obviously, you fear is that people see this Huh

igorr,the king of trolling

igorr

sr. member

Activity: 406

Merit: 250