sold at $600. what to do? - page 6. | Bitcointalksearch.org

adamstgBit

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Trusted Bitcoiner

Quote from: proudhon on November 22, 2013, 12:34:19 PM

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

Where do you think bitcoin will be in 2 years?

everywhere

windjc

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Activity: 2156

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Quote from: Mirsad on November 22, 2013, 01:17:08 PM

Best advice:
Never follow advise like "Buy back IN NOW!!!" -> most of the time it's a bulltrap and you could just have waited and bought more coins.

This is flat out simply HORRIBLE advice. Do not listen to it. Sure we could go back down. But there is a very good chance that if we leave where we are today and go up we will never see this price again. This forum is littered with dozens of people who have made this mistake. We just had a 50% correction. This is not the time to sell.

bassclef

hero member

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There is no good answer. This is why most day traders don't come out with profit, or a bigger coin stash.

Mirsad

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Bitcoin - love & hate

Best advice:
Never follow advise like "Buy back IN NOW!!!" -> most of the time it's a bulltrap and you could just have waited and bought more coins.

davider

member

Activity: 72

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If it can make you feel better, I sold at 500$.
I'll wait few days to see what happens.

After many many lessons in the last few months I completely agree that the buy and hold is the best strategy for bitcoin!
And also the never sell everything at one rule is pure gold.

Thanks everybody for the good advices.

Adrian-x

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Activity: 1372

Merit: 1000

Quote from: Rampion on November 22, 2013, 11:44:39 AM

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

Buy back everything and have some fresh fiat ready in case it flash-crashes so you can make up the loss by buying more.

Just sell little by little in the future. Selling BTC is risky in itself - selling a large portion of one's stash is just reckless unless you've made so much profit you'll never need to worry about money ever again.

Good advice take the knock on the chin, chalk it up to experience and get on the train.

GriTBitS

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“A decentralized registry for unique assets”

BUY BACK IN!!!!!!!!!!!!!!!!!!!!! We are still in a Daily and Weekly uptrend,,, just because there was a day of traders and I mean traders taking profits. Not people that don't do this every day of their life! Consider down days in an uptrend as a buying opportunity. The day candle didn't even close below the 8EMA you had more of a sell signal on Oct 26th. Not to forget we are in a huge bull market right now... You have to be crazy to be short. You're better off watching it go low and waiting to buy more or to buy back in. Otherwise you do what all ppl does get scared puke up your coins or shares at the low only to create the supply that the demand has been sitting there waiting for. 10 min later you are trying to figure out why it's going up now... Market must be rigged... No its called Fear and Greed. You should have bought back in right after it hit 600 again. Now you sit and think to yourself. But if I buy now, I wont have as many coins as before!!! But if you don't buy now you are going to watch the boat sail away!!!!!

trumbadera

member

Activity: 113

Merit: 10

Quote from: ?? on ??

Sell low/ buy high is a common mistake. Wait, we will see a pullback one way or the other.

Unless you just buy and spend immediatelly, but without SR not best idea

proudhon

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Activity: 2198

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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

Where do you think bitcoin will be in 2 years?

raskolnikovx

full member

Activity: 186

Merit: 100

I sold 20% of my BTCs yesterday at 680 USD in BTCe. Now is 688 and going up but I will wait for it.
I think it will crash again and I will be able to buy cheaper on BTCe, then move to Bitstamp and resell.
We will see ...

alexeft

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Activity: 854

Merit: 1000

Quote from: chriswilmer on November 22, 2013, 12:00:06 PM

Quote from: Nemesis on November 22, 2013, 11:58:22 AM

Quote from: chriswilmer on November 22, 2013, 11:52:24 AM

Quote from: Nemesis on November 22, 2013, 11:49:23 AM

C) Join the Bears club lead by Blitz and spread BS to scare the noobs....... Also pretend to use TA so they think you're pro trader. And crash is always coming. Say something like .... "i expect under $400 soon" or " we're not gonna see $600 untill 2015". Oh and just ignore anyone says otherwise.

LOL

There are tons of "pro traders" who turn into bears because they "cashed out" at 200s, then 300s, then 400s....They either left .... then come back to a correction or flash crash and chant " crash crash, bubble pop" or never come back. Samson, where art thou?

You get the idea.

ps, when anyone ask, they will say " hell yeah, my strategy works out better than buy and hold. I'm pro so..."

Yeah, and it is REALLY HARD to beat the "buy & hold" strategy. I mean seriously, if you aren't satisfied with 1000% growth per year, there's little in life that will make you happy

This!!!

GhanaGamboy

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Activity: 191

Merit: 100

Dadice Fixed Rate.

Wait and see. You can decide later, but corrections are necessary on the way up so still good chance you rebuy lower

Ibian

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Quote from: sumantso on November 22, 2013, 12:09:11 PM

I think it will see low $500s (gox price) in the near future. Of course, predictions may never come to fruition.

Quote from: notme on November 22, 2013, 11:46:37 AM

1. Never sell everything at once.
2. Never buy all at once.

Since you've already violated 1, take your USD and divide it into 20 or so chunks. Then, buy the same amount of USD worth in BTC every day until you are back in. If prices dips, you will get a good average price. If price rises, you won't get as many BTC, but you will at least get some.

A very good strategy actually.

I would do something similar - break my money into 3-4 parts. Buy some now, put some at the break even price and keep a few far below. Once you have done that, be patient and don't tinker. It may take even months for the price to come down. If it doesn't, well, the few you ended up buying will be worth a lot more.

It may be that the price never comes down as low as you want it to go - and that if it does, you will chicken out thinking the whole thing is falling apart. Buy & hold.

sumantso

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Activity: 1050

Merit: 1000

I think it will see low $500s (gox price) in the near future. Of course, predictions may never come to fruition.

Quote from: notme on November 22, 2013, 11:46:37 AM

1. Never sell everything at once.
2. Never buy all at once.

Since you've already violated 1, take your USD and divide it into 20 or so chunks. Then, buy the same amount of USD worth in BTC every day until you are back in. If prices dips, you will get a good average price. If price rises, you won't get as many BTC, but you will at least get some.

A very good strategy actually.

I would do something similar - break my money into 3-4 parts. Buy some now, put some at the break even price and keep a few far below. Once you have done that, be patient and don't tinker. It may take even months for the price to come down. If it doesn't, well, the few you ended up buying will be worth a lot more.

Ibian

legendary

Activity: 2268

Merit: 1278

Curse your own cowardice/stupidity/lack of understanding/foresight, then buy as much as you can afford. Not afford to lose, but actually afford and still pay the rent and food.

C10H15N

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Activity: 944

Merit: 1026

It will go up, then down, then back up.... wash, rinse repeat. If you follow the heard, you are going to get slaughtered.

chriswilmer

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Quote from: Nemesis on November 22, 2013, 11:58:22 AM

Quote from: chriswilmer on November 22, 2013, 11:52:24 AM

Quote from: Nemesis on November 22, 2013, 11:49:23 AM

C) Join the Bears club lead by Blitz and spread BS to scare the noobs....... Also pretend to use TA so they think you're pro trader. And crash is always coming. Say something like .... "i expect under $400 soon" or " we're not gonna see $600 untill 2015". Oh and just ignore anyone says otherwise.

LOL

There are tons of "pro traders" who turn into bears because they "cashed out" at 200s, then 300s, then 400s....They either left .... then come back to a correction or flash crash and chant " crash crash, bubble pop" or never come back. Samson, where art thou?

You get the idea.

ps, when anyone ask, they will say " hell yeah, my strategy works out better than buy and hold. I'm pro so..."

Yeah, and it is REALLY HARD to beat the "buy & hold" strategy. I mean seriously, if you aren't satisfied with 1000% growth per year, there's little in life that will make you happy

Nemesis

sr. member

Activity: 462

Merit: 250

Quote from: chriswilmer on November 22, 2013, 11:52:24 AM

Quote from: Nemesis on November 22, 2013, 11:49:23 AM

C) Join the Bears club lead by Blitz and spread BS to scare the noobs....... Also pretend to use TA so they think you're pro trader. And crash is always coming. Say something like .... "i expect under $400 soon" or " we're not gonna see $600 untill 2015". Oh and just ignore anyone says otherwise.

LOL

There are tons of "pro traders" who turn into bears because they "cashed out" at 200s, then 300s, then 400s....They either left .... then come back to a correction or flash crash and chant " crash crash, bubble pop" or never come back. Samson, where art thou?

You get the idea.

ps, when anyone ask, they will say " hell yeah, my strategy works out better than buy and hold. I'm pro so..."

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: Nemesis on November 22, 2013, 11:49:23 AM

C) Join the Bears club lead by Blitz and spread BS to scare the noobs....... Also pretend to use TA so they think you're pro trader. And crash is always coming. Say something like .... "i expect under $400 soon" or " we're not gonna see $600 untill 2015". Oh and just ignore anyone says otherwise.

LOL

Nemesis

sr. member

Activity: 462

Merit: 250

C) Join the Bears club lead by Blitz and spread BS to scare the noobs....... Also pretend to use TA so they think you're pro trader. And crash is always coming. Say something like .... "i expect under $400 soon" or " we're not gonna see $600 untill 2015". Oh and just ignore anyone says otherwise.

Topic: sold at $600. what to do? - page 6. (Read 7456 times)