Topic: Sold my Bitcoin today - page 5. (Read 4956 times)

Litecoin is already up 20 fold this year. So $100 is quite ambitious, at least in the next months.
You should look into coins that belong to actual projects by the way. Your whole portfolio consists of coins/smart contract platforms, so you have practically no diversification.

I have invested in few altcoins like NEO, Waves, Shift, Qtum, DeepOnion, ZenCash, Florincoin. But i am not comfortable investing big amounts in other altcoins, that is the reason i bought Litecoin. I think $100 for Litecoin is not an ambitious target, i would be happy with that.

If you actually spend any time carefully researching altcoins instead of buying hypes and fake news it would be quite hard not to x5-10 your investment in 6 months.

Ya it is correct that investing fully in once altcoin is full risky as their are other altcoins which are very cheap and their projects are good. If you can hold them for more then six months or above then you can see a very good profit in them.

I would've parked my Bitcoins somewhere else as well. Quite a few alts around that are very cheap right now with breakout potential.

Its a decent price to exit a small amount maybe but why would you put it in litecoin when litecoin has had a much large run in percentage terms - from just over $1 to where it is now, its like a 40x move.  If the market did ever go back down you might see litecoin at $5 to $10 my friend. 

Bitcoin price never goes drop actually if it does it's mean that bitcoin cares for there investor that they get bitcoins in a cheap price that's why that things happen. Everybody know that bitcoin price is rising and it will cross 15000USD in the end of year so what you can expect more from bitcoin if you are holding your coins from now you will achieve a huge target.

It could go down... but it's very unlikely given the increased interest in blockchain technology.

Well if you earned already with the value you sold it then its a good decision.
Recently i sell some of my bitcoins too and notice that the value decrease a bit. I thought it will continue but its not.
Currently the value is above $5k and i dont think it will go down anytime as you expected it to be.

sell, you sell now and buy when the price drops and sells when the price is high and buy when the price falls.

You will never know when high is high and when low is low. So you're always going to take some risk

I see so that's the dip for this time, last time it was $3,000 and yesterday it was $5,150 that's right? I did sold some for my cash @ $5,500 and now it was up by $5,600+ so it was a quick $100 increase. As the time goes by the price of bitcoin keeps on pumping so for those young ones out there that are keep on waiting for more dip I guess it's quite too late unless there is something going to happen unexpected again.

I would suggest that you pay attention to support and resistance areas to give you some idea of where price might be headed.  It's also good to keep in mind what happened at different key price points that resulted in large subsequent moves.  For example, bitcoin was around $4500 when all the China problems hit the fan a few weeks ago.  When we broke back above that, it showed that the market had gotten past all of that and was likely interested in new highs again.  And so, it wasn't too surprising that it made a beeline for $5k, tested it, pulled back a little, and then blasted through.  Important levels to watch now include the new ATH around $5900, the first pullback level around $5400, and the latest pullback level around $5100.  The sharp bounce off of $5100 (which I hope was effectively a test of the $5k level) to me indicates that there's a lot of confidence in bitcoin right now.  If we can get back up in the $5800s, it might make another run for new ATHs shortly thereafter.  Or it might stall close to $5900 and reverse, creating a double top that could mean a retest of $5k.

Note that, of course, it's a lot easier to see these things and explain these moves in hindsight.  But, breaking or bouncing off of a significant level often leads to a significant move in one direction or the other.

Current price of Bitcoin still 2 two scenario. First, it is just a bullish recover price trap and want to make the traders think it has bounce again. Of course, if it is really a trap, you will loss your money if buying now. Second, it is really bounce and will move to $6,000 and breakout to new AHT price.

Bitcoin dropped a few hours ago and I panicked enough to see that I sold a few percent of the bitcoin I had, but now the bitcoin price is rising again and my opinion is better to hold bitcoin until the price hits at $6000 and that's a good time to sell before a hard fork.

If you do look up on the chart it did dip on $5150+ price which have been mentioned above which is the best time to buyback since the price bounce up again then if we do make active trading then that would really be a good profit for us but there are really times which we wont really know if its the dip or not which we would really hesitate to buy on and now we are regretting again on missing the opportunity,

It didn't dropped below $5,000 the lowest price that I saw is $5,300 or I just a smaller price. And today the price was up again at $5,500 so you missed the chance of buying back at lower price. I don't think that there will be another dip for bitcoin this month, this I guess is the final dip for bitcoin this month as we are near to the hard fork so you did sold at the earlier moment but it's still good that you have profit.

Good move by you which is normal thing to do specially if you are an active day trader which the peak of 5.8k usd would be the sweet spot to sell out those bitcoins we do have and we did actually see the price did dip again on 5.1 and now it starts to climb up on 5.5k usd as of writing which means it would really be an easy money if you did able to rise on those waves.

That is a good decision i think but still i will like to say that most of the people do not have the decision power to take in right time. I think it is too much important that you have the decsion power and whenever you realize to take the step you should try to do that in first chance and not to waste the time, because some time when it become late to take decision it really bring a big lost to us.

I agree, I also did the same. The rise is pretty good right now, and I think prices will get a correction before Segwit2x and it will rise really high after it. That's been the norm lately and we can all check it through the charts. Every time there is an issue with bitcoins it goes down and when the issue is resolved bitcoins just goes up. Pretty normal occurrence with bitcoins.

I see no harm in what you did, just be careful not to miss rise in price when you plan to buy again. Price of Bitcoin can rise fast, be prepared and follow price as much as you can. Maybe it was smart to sell, but I believe that price will rise after SegWit2x. There fill be fall before that, it happened before. But after it price will go up again. Maybe it would be even better to wait for that price drop to buy. What ever you decide you can not make a big mistake, Bitcoin price has always been going up .