sold at $600. what to do? - page 4. | Bitcointalksearch.org

windjc

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Quote from: CryptStorm on November 22, 2013, 04:16:54 PM

Quote from: Ibian on November 22, 2013, 04:07:41 PM

Quote from: glendall on November 22, 2013, 03:57:22 PM

Selling at 600 isn't that bad at all !

I sold most of mine around 230 I think it was, didn't see this bubble happening.

Be happy you got out at 600, it's been 500-550 so hey it's easy to get make in and you made 10%+ profit.

Stop calling it a bubble :/ Years from now it will be clear that the blackboard guy was right all along. We are in the very early stages of an s-curve. There is no bubble, only a steep rise and then a plateau ahead.

I'm in the same boat with the OP, so here's where I am with it:

IF the price attacks that $778 Gox resistance point and cracks through, I will buy back in, and likely it will charge forward due to momentum (to 1k or more, who knows).

However, I don't see where the momentum is going to come from? Just the facts across distinct categories:
1) The news storm is drying up and everyone is back to (t)werk; (COMPOSITE DATA)
2) We are way ahead of the trend line (no matter how you slice it); here's one reasonable way--
--the 1 day chart shows Parabolic SARs are pushing us back down hard (PRICE DATA);
4) The ARMS Ease of Movement is heading back towards zero very quickly (above is bull, below bear) (VOLUME DATA);
5) Volatility is decreasing as we normalize (downwards-- and for the moment, gently) (VOLATILITY DATA)
6) The Senate hearing has clearly been priced in (perhaps this is more composite data, perhaps a BUSINESS FUNDAMENTAL (it's legal))

So, there you are. Set a bitcoinreminder for 790 and one for 600, and 500 and wait.

1. Nope. Its continuing. Maybe gaining momentum.
2. Yep. But not nearly as far past it as the bubble in 2011.
3. Just 1 signal among dozens. RSI for instance is very bullish.
4. Consolidating near highs. Exchanges evening out. Bullish news.
5. No way. New deposits tend to lag news by about 1-2 weeks.

We are going to have 1 more awesome, mind blowing leg up. We will consolidate and work our way through several layers of resistance to 1000 in the next handful of days. Then we will blow up through 1000 and China will race towards 10k CYN, or $1630. We might not make it there, but its going to be total chaos.

Ibian

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Quote from: CryptStorm on November 22, 2013, 04:16:54 PM

Quote from: Ibian on November 22, 2013, 04:07:41 PM

Quote from: glendall on November 22, 2013, 03:57:22 PM

Selling at 600 isn't that bad at all !

I sold most of mine around 230 I think it was, didn't see this bubble happening.

Be happy you got out at 600, it's been 500-550 so hey it's easy to get make in and you made 10%+ profit.

Stop calling it a bubble :/ Years from now it will be clear that the blackboard guy was right all along. We are in the very early stages of an s-curve. There is no bubble, only a steep rise and then a plateau ahead.

I'm in the same boat with the OP, so here's where I am with it:

IF the price attacks that $778 Gox resistance point and cracks through, I will buy back in, and likely it will charge forward due to momentum (to 1k or more, who knows).

However, I don't see where the momentum is going to come from? Just the facts across distinct categories:
1) The news storm is drying up and everyone is back to (t)werk; (COMPOSITE DATA)
2) We are way ahead of the trend line (no matter how you slice it); here's one reasonable way--
--the 1 day chart shows Parabolic SARs are pushing us back down hard (PRICE DATA);
4) The ARMS Ease of Movement is heading back towards zero very quickly (above is bull, below bear) (VOLUME DATA);
5) Volatility is decreasing as we normalize (downwards-- and for the moment, gently) (VOLATILITY DATA)
6) The Senate hearing has clearly been priced in (perhaps this is more composite data, perhaps a BUSINESS FUNDAMENTAL (it's legal))

So, there you are. Set a bitcoinreminder for 790 and one for 600, and 500 and wait.

It was in the 500s TWO DAYS AGO. Don't wait, it's not going to stop, not with the chinese dragging the price up and the recent positive senate hearings.

CryptStorm

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Quote from: Ibian on November 22, 2013, 04:07:41 PM

Quote from: glendall on November 22, 2013, 03:57:22 PM

Selling at 600 isn't that bad at all !

I sold most of mine around 230 I think it was, didn't see this bubble happening.

Be happy you got out at 600, it's been 500-550 so hey it's easy to get make in and you made 10%+ profit.

Stop calling it a bubble :/ Years from now it will be clear that the blackboard guy was right all along. We are in the very early stages of an s-curve. There is no bubble, only a steep rise and then a plateau ahead.

I'm in the same boat with the OP, so here's where I am with it:

IF the price attacks that $778 Gox resistance point and cracks through, I will buy back in, and likely it will charge forward due to momentum (to 1k or more, who knows).

However, I don't see where the momentum is going to come from? Just the facts across distinct categories:
1) The news storm is drying up and everyone is back to (t)werk; (COMPOSITE DATA)
2) We are way ahead of the trend line (no matter how you slice it); here's one reasonable way--
--the 1 day chart shows Parabolic SARs are pushing us back down hard (PRICE DATA);
4) The ARMS Ease of Movement is heading back towards zero very quickly (above is bull, below bear) (VOLUME DATA);
5) Volatility is decreasing as we normalize (downwards-- and for the moment, gently) (VOLATILITY DATA)
6) The Senate hearing has clearly been priced in (perhaps this is more composite data, perhaps a BUSINESS FUNDAMENTAL (it's legal))

So, there you are. Set a bitcoinreminder for 790 and one for 600, and 500 and wait.

Ibian

legendary

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Quote from: glendall on November 22, 2013, 03:57:22 PM

Selling at 600 isn't that bad at all !

I sold most of mine around 230 I think it was, didn't see this bubble happening.

Be happy you got out at 600, it's been 500-550 so hey it's easy to get make in and you made 10%+ profit.

Stop calling it a bubble :/ Years from now it will be clear that the blackboard guy was right all along. We are in the very early stages of an s-curve. There is no bubble, only a steep rise and then a plateau ahead.

bitmarket.io

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@OP When I make an investment I assume that money is forever gone. Reduced to zero. And I try to forget it and work on collecting more money going forward, occasionally peaking taking a peak at the growth of my investment. This helps. Temptation is a bitch. And when it gets ahold of you and you sell, you're gonna regret it.

windjc

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Quote from: Mirsad on November 22, 2013, 01:28:10 PM

Of course it's not the time to sell, but also not to buy back.

If it's going to the moon, does it really matters if he bought the coins @ 760 or 850$ ?
No, it doesn't.

You all "believe" in bitcoin, so you are not for the short term profit -> doesn't really matter when you buy

But why take the risk in such a situation? It looks like a double top in all other exchanges then bitstamp.

No it doesn't. You obviously dont know how to read charts. Nor do you know what happened in March.

Coinseeker

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Quote from: Rampion on November 22, 2013, 03:45:01 PM

You are slow man, it really took you a looong time to understand. No offense intended, but the enormous potential of BTC was like the third thing (after decentralized + trustless) that got my attention. That happened like in the first 10 minutes of reading about it Cheesy

Better late than never, huh? Grin

Nothing like $900 BTC values to open ones eyes. Wink

Truth is, I didn't really know enough at that time to grasp it all. I had no idea about our monetary system, I had no idea why decentralized even mattered so, it really became a battle against ideology and not the tech. As I've learned Ripple, I've learned more about the whole crypto-space. I've learned tons about our failing global monetary system, what the bills in my wallet really are and the list goes on. From that I realize that this is all really important. Whether it will be Bitcoin or something like it, the truth is we have to do something.

The straw for me was I watched a video of Erik Voorhees talking about Bitcoin and during a Q&A at the end, I come to find that he's a Democrat, not a Libertarian. Now I'm not a Democrat but it really changed my perspective on the whole Bitcoin thing. Without the political crap, Bitcoin is much more appealing to me. Probably shouldn't have judged all of Bitcoin, on a handful of random forum avatars. Undecided

Oh well, I was at least smart enough to keep some BTC close at hand, just in case I was wrong. Shocked

glendall

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Buzz App - Spin wheel, farm rewards

Selling at 600 isn't that bad at all !

I sold most of mine around 230 I think it was, didn't see this bubble happening.

Be happy you got out at 600, it's been 500-550 so hey it's easy to get make in and you made 10%+ profit.

Rampion

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Quote from: Coinseeker on November 22, 2013, 03:40:49 PM

Quote from: digitalfog on November 22, 2013, 03:09:14 PM

I don't think the Bitcoin naysayers understand the massive financial/currency/asset markets that exist *now.

In real terms, Bitcoin has not even dipped its tiny toe into the global financial pool. When it does, you'll be
kicking yourself at how cheap $600 per Bitcoin was. Bitcoin will probably be trading as mBTC and one millibitcoin
will be worth $100.00.

In the past I would have called a comment like this delusional. Now, I'm wondering why you're lowballing my BTC value. Grin

You are slow man, it really took you a looong time to understand. No offense intended, but the enormous potential of BTC was like the third thing (after decentralized + trustless) that got my attention. That happened like in the first 10 minutes of reading about it Cheesy

adamstgBit

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Trusted Bitcoiner

Quote from: digitalfog on November 22, 2013, 03:09:14 PM

I don't think the Bitcoin naysayers understand the massive financial/currency/asset markets that exist *now.

In real terms, Bitcoin has not even dipped its tiny toe into the global financial pool. When it does, you'll be
kicking yourself at how cheap $600 per Bitcoin was. Bitcoin will probably be trading as mBTC and one millibitcoin
will be worth $100.00.

we all know this, this is what makes it hard to sell the tiniest amounts of bitcoin even after a 1000% jump

Coinseeker

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Quote from: digitalfog on November 22, 2013, 03:09:14 PM

I don't think the Bitcoin naysayers understand the massive financial/currency/asset markets that exist *now.

In real terms, Bitcoin has not even dipped its tiny toe into the global financial pool. When it does, you'll be
kicking yourself at how cheap $600 per Bitcoin was. Bitcoin will probably be trading as mBTC and one millibitcoin
will be worth $100.00.

In the past I would have called a comment like this delusional. Now, I'm wondering why you're lowballing my BTC value. Grin

adamstgBit

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Trusted Bitcoiner

worst case scenario we paint a cup and handle.

buy with me at the bottom of the cup

don't worry i will be yelling loud and clear when its time to buy.

Fernandez

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Put on a tutu and do a bear dance.

Adrian-x

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Quote from: emanymton on November 22, 2013, 02:40:26 PM

Look at the history and make up your mind for yourself. TA or tea leaves it doesn't really matter.
Understand that everybody on here has an agenda of their own and don't put your faith in anonymous people on a board.
Most of all don't invest more than you can afford to lose.

The best advice so far.

I'd not emphasize the history though. Look to the future.

mvidetto

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It just seems like with all of the people waiting on the sidelines a major dump could punch a big dip into the price. One 10k dump and all of the fear will hit the market.

digitalfog

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I don't think the Bitcoin naysayers understand the massive financial/currency/asset markets that exist *now.

In real terms, Bitcoin has not even dipped its tiny toe into the global financial pool. When it does, you'll be
kicking yourself at how cheap $600 per Bitcoin was. Bitcoin will probably be trading as mBTC and one millibitcoin
will be worth $100.00.

UnDerDoG81

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Quote from: crazy_rabbit on November 22, 2013, 02:41:23 PM

Quote from: UnDerDoG81 on November 22, 2013, 02:26:58 PM

Litecoin went up from 4$ to 9$ on Nov. 18th. Maybe that was the better choice

Yeah but for the past few weeks Bitcoin has gone up far much more then that. I know Litecoin is tempting, but it hasn't really gone up much against bitcoin at all. 0.0009 to 0.0014 at the most, I'm not so impressed. Bitcoin has been going up much faster in comparison.

If perhaps you could have timed it perfectly, then yes it would have been a great deal. But like always. It's gambling at best.

Well, I have taken a look to litecoins 10 mins ago the first time. It was just an comment. I dont know Litecoins but all I said was, if you bought LTCs for 4$ you would have doubled your money. But as it always is, you never know what will happen in future. Of course you are right.

The BTC price is too stable at the moment. I dont know if this is the silence before the storm or if the price has stabled and will keep on this level for a couple of months (like in april). But I dont feel comfortable to buy in at 760$ where I missed the 500$ 2 days ago :/

firstlast

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Take that fiat you now have and buy yourself a trip to space. You'll forget about all this selling low buying higher nonsense.

bitmarket.io

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Quote from: saddambitcoin on November 22, 2013, 11:38:49 AM

i freaked out and sold a large portion of my coins around $600, suspecting the price would continue to oscillate between $400-700 for a couple weeks... (i know)

do I

A) wait it out hoping for a better price to get back in
B) take a loss and buy back in at $750
C) ??

thanks guys

I just purchased 50 @ 770. I sold at 630. Here's why I bought:

People are eager to see it at 1K+
Lots of money moved a couple days ago, the price fell like a domino effect but it bounced back after it dropped $250, then people started buying like crazy again, boosting it back up. This tells me it's stabilizing and it won't just die in one day, and the worst I could lose is 30% of my investment if things got really bad.
It's also the end of the FISCAL year for lots of businesses and tax time is about. I wonder how tempted people will be to test the IRS now that so many know about BTC.
If gold can hit $2K+, so can BTC. Esp. now that so many are selling precious metals for BTC. You can also see the price of those metals continuously drop.
It's approaching holiday season December and lots of money will be moving globally

jzcjca00

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Quote from: Rampion on November 22, 2013, 02:20:08 PM

This thread is quite bullish. Panic buying is in the air Cheesy

With the number of recent articles, plus Google Trends now saying searches for the term "Bitcoin" are at an all-time high, panic buying cannot be far behind. These newcomers will buy in a panic at each new ATH, then dump it all in a panic after the first major correction. I almost feel sorry for them, but not quite.

We hit an ATH on Bitstamp this morning, but we're not there yet on the other major exchanges, so this is not a terrible place for OP to buy back in.

Topic: sold at $600. what to do? - page 4. (Read 7456 times)