do what i do.
wait.
if you get run over by the market
be rich!
Topic: sold at $600. what to do? - page 7. (Read 7453 times)
You can either:
1) Buy back right now at a ~20% loss, but roughly have your original position intact (just slightly reduced) or
2) Wait it out and risk that the price then rises and never returns causing you to lose out on the multi-year ramp up. If the price drops you can get your original position with no loss, but if the price rises you've lost out on the early adopter benefits
The choice is yours
1) Buy back right now at a ~20% loss, but roughly have your original position intact (just slightly reduced) or
2) Wait it out and risk that the price then rises and never returns causing you to lose out on the multi-year ramp up. If the price drops you can get your original position with no loss, but if the price rises you've lost out on the early adopter benefits
The choice is yours
I am going to quote another user on this board. "Buying now is like fucking hooker without condom." 
Tomorrow Bitcoin can be worth 1500 or 250, you´d be gambling.
Seasoned users like Chodpaba or Rpiteila already stated, that growth of bitcoin recently passed exponential curve, hell right now, market swallows 2,5 million dollars daily just to keep itself from deflating. I´d wait for the crash.
Tomorrow Bitcoin can be worth 1500 or 250, you´d be gambling.Seasoned users like Chodpaba or Rpiteila already stated, that growth of bitcoin recently passed exponential curve, hell right now, market swallows 2,5 million dollars daily just to keep itself from deflating. I´d wait for the crash.
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.
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.
If big queen topped out at $750 for the next few months and you got $600 not done badly. It is very hard to call a top in a wildly fluctuating market like Bitcoin.
If you think big coin is going to continue to rise you should try to buy coins back at one of the sites that is undervalued. Camp BX and BTC – E can fluctuate by $100 in one day. You may be to get those coins back pretty much for what you sold them at for a little while at least.
If you think big coin is going to continue to rise you should try to buy coins back at one of the sites that is undervalued. Camp BX and BTC – E can fluctuate by $100 in one day. You may be to get those coins back pretty much for what you sold them at for a little while at least.
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
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.
I suspect that BTC is going to crash again sometime in the near future, but have no idea if its going to be lower than $600. I imagine that it will, but who knows these days.
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
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
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