Take profits now! - page 4. | Bitcointalksearch.org

aTriz

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Quote from: zimmah on April 16, 2017, 08:45:30 AM

Bitcoin is undervalued right now.

it might continue to be undervalued for a few days, but it will eventually recover as it has always done.

selling now may not be the best move IMO.

either way, I'm in it for the long term.

who cares how many pieces of monopoly money I have, it's bitcoin I care about.

fuck dollars.

The current price for bitcoin is 1 191 USD, are you sure that BTC is undervalued?

Of course it is only my point of view, but I cannot understand how did you manage to think that bitcoin price is undervalued now, we are close to the all-time high!
Or you are maybe one of the people that believe bitcoin going up to 2000$ in first half of 2017 ? That would be understandable then.

My analysis for bitcoin is different, I would say that it is rather slightly overvalued, I would sell now and wait for 950-1050 $ level's to enter long once again.

arwin100

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Jack of all trades 💯

Quote from: zimmah on April 16, 2017, 08:45:30 AM

Bitcoin is undervalued right now.

it might continue to be undervalued for a few days, but it will eventually recover as it has always done.

selling now may not be the best move IMO.

either way, I'm in it for the long term.

who cares how many pieces of monopoly money I have, it's bitcoin I care about.

fuck dollars.

It happen always that bitcoins price goes undervalued and suddenly price goes up without giving us any hint. And that would be a good thing since we can earn by that if we want short trade and contented to earn a few bucks daily. But as you said your aim is for long term but are you sure that you can earn huge for that matter if you stick to your god feels? Although Bitcoins got + ratings for now but could you think that its good thing to earn daily and have a spare of bits to be traded on long terms plan?

zimmah

legendary

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Bitcoin is undervalued right now.

it might continue to be undervalued for a few days, but it will eventually recover as it has always done.

selling now may not be the best move IMO.

either way, I'm in it for the long term.

who cares how many pieces of monopoly money I have, it's bitcoin I care about.

fuck dollars.

moviebuff777

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So if we take profits now, what should we put that money into? Should I just hold in fiat or should I buy some other altcoins. Which altcoins could go up while bitcoins are going down?

york780

sr. member

Activity: 392

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Quote from: ?? on ??

Apparently LTC will likely be a hedge against the coming BTC decline. Go long LTC (Litecoin) now.

https://bitcointalksearch.org/topic/speculation-rule-buy-when-others-are-irrationally-pessimistic-or-too-cautious-1663070

No ltc fanboy. The hedge for btc is ethereum not ltc. Go away with you ltc propaganda

justdimin

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Quote from: ~Bitcoin~ on April 15, 2017, 01:50:58 PM

I have choosen to hold few alts along with bitcoin on all this panic market, sold almost 30% of my bitcoin for USD, Bought ETH and LTC with 30% of my bitcoin and holding remaining 40% bitcoin in my wallet. I think this is the safest combo i can have right now.

I am holding some bitcoins earned from signature campaign and faucets and doge and litecoins earned from purely faucets.

But I keep all of them in cold storage without touching them. Honestly I do not have any eth till today as I do not get any chances to earn them. I believe I will continue these for next to 3 to 4 years to see what will be happening with my holding.

I'm not the one who is changing portfolio based on trends. I believe into these three crypto currencies and just sticking with them to see what I will be getting after some long holding.

iamnotback

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Quote from: Proof of Bullshit on April 15, 2017, 11:49:42 AM

Quote from: iamnotback on April 15, 2017, 11:00:29 AM

Quote from: Proof of Bullshit on April 15, 2017, 09:05:37 AM

Quote from: iamnotback on April 15, 2017, 12:41:48 AM

Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded

hmm.
Current bitcoin price is $1175 on average today (April 15).
-30% dive means price going down to $822.5

now we wait...

It would have been interesting if you added some timeframe to this speculation. For example is the dive going to happen in next day, a week, a month, 2, a year, in 10 years from now?

The ~30% decline would be from the peak price of BTC in April, if it happens.

Highest price of bitfinex in April: $1244.7 ---(-30%)---> $871.29
Current price: $1214

Highest price of Bitstamp in April: $1229 ---(-30%)--> $860.30
Current price: $1188

Still disappointed since you've given us no timeframe.

The Bitcoin chart is a recursive, diminishing (decaying energy wave) fractal pattern.

The price should peak again at approximately $1208 (Bitstamp) in 3 days and 6 hours from now. After that up to a day of diminishing pattern clustered in tight range around that price, then after that should begin the precipitous decline similar to last month.

SONG GEET

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I am quite optimistic on current bitcoin market. I am holding all my bitcoins tightly for next possible bull run which can drive price to well over $1300.

Don't like to get trapped into any FUD created by whales to buy cheap bitcoins. I am not selling...

chaser15

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Quote from: DustyRah on April 13, 2017, 06:15:58 PM

The momentum is dying out, its time for a profit taking if anyone wants to make 10-20% and buy back.

http://bitcoincharts.com/charts/btceUSD#rg180ztgSzbgBza1gWMAzm1g10za2gWMAzm2g25zxzi1gCCIzi2gMACDzv

The way things are going, there is more money in dumping/buying back than just HODLing.

If other traders doesn't execute it early then just hold some while at the same time add some quantity of bitcoins to make some opportunity to purchase coins at low price to consider by others.

Going back to this current price rate might seem not to repeat once there is a big pump that will happen again especially it will start at close to $1,200. Sometimes there is a growth of 20% or even more to the initial starting line before hard pump. We are not erasing the fact that same goes to price hard dump. But likely, bitcoin price will still recoved as it was happened many times even after a major negative news.

~Bitcoin~

legendary

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I have choosen to hold few alts along with bitcoin on all this panic market, sold almost 30% of my bitcoin for USD, Bought ETH and LTC with 30% of my bitcoin and holding remaining 40% bitcoin in my wallet. I think this is the safest combo i can have right now.

Proof of Bullshit

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Quote from: iamnotback on April 15, 2017, 11:00:29 AM

Quote from: Proof of Bullshit on April 15, 2017, 09:05:37 AM

Quote from: iamnotback on April 15, 2017, 12:41:48 AM

Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded

hmm.
Current bitcoin price is $1175 on average today (April 15).
-30% dive means price going down to $822.5

now we wait...

It would have been interesting if you added some timeframe to this speculation. For example is the dive going to happen in next day, a week, a month, 2, a year, in 10 years from now?

The ~30% decline would be from the peak price of BTC in April, if it happens.

Highest price of bitfinex in April: $1244.7 ---(-30%)---> $871.29
Current price: $1214

Highest price of Bitstamp in April: $1229 ---(-30%)--> $860.30
Current price: $1188

Still disappointed since you've given us no timeframe.

york780

sr. member

Activity: 392

Merit: 250

Quote from: coinling on April 15, 2017, 11:17:44 AM

Quote from: iamnotback on April 15, 2017, 11:09:04 AM

Quote from: coinling on April 15, 2017, 08:43:32 AM

Quote from: iamnotback on April 15, 2017, 07:49:39 AM

Quote from: iamnotback on April 13, 2017, 06:52:47 PM

Quote from: magneto on April 13, 2017, 06:21:40 PM

If it does drop below 1000 and I'll be the first person to buy in lol

This is why altcoins decline more than BTC does when BTC declines.

Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.

So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.

Comparing to the last BitFUnix heist crash which was a ~28% decline from Jan 5 to 7 and another ~11% decline from Jan 11 to 12 for a total decline of ~33%.

LTC/BTC had a 11% relative decline the day before on Jan 4 but it recovered and ended a 15% relative gain on Jan 9.

ETH/BTC had a 20% relative gain.

XMR/BTC had a 25% relative decline, but note XMR had been rising with BTC but lately XMR hasn't rise with BTC.

DASH/BTC had no leverage, so meaning it has same percentage moves as BTC.

I still don't get the point why altcoins should react bearish to BTC decline just now?
For the past months they were quite anti correlated to bitcoin.

Are you disagreeing or agreeing that I agreed with you? You see I was correcting myself.

Ok. But this situation now might be different, since almost all coinse pumped a lot.
So yeah you might be right about the wise decision to sell those pumped coins.

For what? For bear(bit)coin? Or fiat ^^ nah. Selling will cost them money

coinling

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Quote from: iamnotback on April 15, 2017, 11:09:04 AM

Quote from: coinling on April 15, 2017, 08:43:32 AM

Quote from: iamnotback on April 15, 2017, 07:49:39 AM

Quote from: iamnotback on April 13, 2017, 06:52:47 PM

Quote from: magneto on April 13, 2017, 06:21:40 PM

If it does drop below 1000 and I'll be the first person to buy in lol

This is why altcoins decline more than BTC does when BTC declines.

Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.

So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.

Comparing to the last BitFUnix heist crash which was a ~28% decline from Jan 5 to 7 and another ~11% decline from Jan 11 to 12 for a total decline of ~33%.

LTC/BTC had a 11% relative decline the day before on Jan 4 but it recovered and ended a 15% relative gain on Jan 9.

ETH/BTC had a 20% relative gain.

XMR/BTC had a 25% relative decline, but note XMR had been rising with BTC but lately XMR hasn't rise with BTC.

DASH/BTC had no leverage, so meaning it has same percentage moves as BTC.

I still don't get the point why altcoins should react bearish to BTC decline just now?
For the past months they were quite anti correlated to bitcoin.

Are you disagreeing or agreeing that I agreed with you? You see I was correcting myself.

Ok. But this situation now might be different, since almost all coinse pumped a lot.
So yeah you might be right about the wise decision to sell those pumped coins.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: coinling on April 15, 2017, 08:43:32 AM

Quote from: iamnotback on April 15, 2017, 07:49:39 AM

Quote from: iamnotback on April 13, 2017, 06:52:47 PM

Quote from: magneto on April 13, 2017, 06:21:40 PM

If it does drop below 1000 and I'll be the first person to buy in lol

This is why altcoins decline more than BTC does when BTC declines.

Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.

So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.

Comparing to the last BitFUnix heist crash which was a ~28% decline from Jan 5 to 7 and another ~11% decline from Jan 11 to 12 for a total decline of ~33%.

LTC/BTC had a 11% relative decline the day before on Jan 4 but it recovered and ended a 15% relative gain on Jan 9.

ETH/BTC had a 20% relative gain.

XMR/BTC had a 25% relative decline, but note XMR had been rising with BTC but lately XMR hasn't rise with BTC.

DASH/BTC had no leverage, so meaning it has same percentage moves as BTC.

I still don't get the point why altcoins should react bearish to BTC decline just now?
For the past months they were quite anti correlated to bitcoin.

Are you disagreeing or agreeing that I agreed with you? You see I was correcting myself.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: Proof of Bullshit on April 15, 2017, 09:48:08 AM

Quote from: YuginKadoya on April 15, 2017, 09:40:41 AM

Quote from: Proof of Bullshit on April 15, 2017, 09:05:37 AM

Quote from: iamnotback on April 15, 2017, 12:41:48 AM

Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD ~~or altcoin USDT (dollar peg)~~ temporarily until this dip has concluded

hmm.
Current bitcoin price is $1175 on average today (April 15).
-30% dive means price going down to $822.5

now we wait...

It would have been interesting if you added some timeframe to this speculation. For example is the dive going to happen in next day, a week, a month, 2, a year, in 10 years from now?

Are you so sure about this -30% dive that is gonna happen, in your previous value the price is $1175, and as of now the price has slightly increase and now become $1182.69 I suppose if not the next day or two, but bitcoin keeps on moving forward and increasing it's value and if we speculated something like that are we so sure it's gonna happen? but well it is just a speculation that is why we are here!

Unless by "you" you mean iamnotback, I have to ask you to read again. Because I am not the one making this speculation.

The ~30% decline would be from the peak price of BTC in April, if it happens.

Proof of Bullshit

newbie

Activity: 14

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Quote from: YuginKadoya on April 15, 2017, 09:40:41 AM

Quote from: Proof of Bullshit on April 15, 2017, 09:05:37 AM

Quote from: iamnotback on April 15, 2017, 12:48:09 AM

Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded

hmm.
Current bitcoin price is $1175 on average today (April 15).
-30% dive means price going down to $822.5

now we wait...

It would have been interesting if you added some timeframe to this speculation. For example is the dive going to happen in next day, a week, a month, 2, a year, in 10 years from now?

Are you so sure about this -30% dive that is gonna happen, in your previous value the price is $1175, and as of now the price has slightly increase and now become $1182.69 I suppose if not the next day or two, but bitcoin keeps on moving forward and increasing it's value and if we speculated something like that are we so sure it's gonna happen? but well it is just a speculation that is why we are here!

Unless by "you" you mean iamnotback, I have to ask you to read again. Because I am not the one making this speculation.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: Proof of Bullshit on April 15, 2017, 09:05:37 AM

Quote from: iamnotback on April 15, 2017, 12:48:09 AM

Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded

hmm.
Current bitcoin price is $1175 on average today (April 15).
-30% dive means price going down to $822.5

now we wait...

It would have been interesting if you added some timeframe to this speculation. For example is the dive going to happen in next day, a week, a month, 2, a year, in 10 years from now?

Are you so sure about this -30% dive that is gonna happen, in your previous value the price is $1175, and as of now the price has slightly increase and now become $1182.69 I suppose if not the next day or two, but bitcoin keeps on moving forward and increasing it's value and if we speculated something like that are we so sure it's gonna happen? but well it is just a speculation that is why we are here!

Proof of Bullshit

newbie

Activity: 14

Merit: 0

Quote from: iamnotback on April 15, 2017, 12:48:09 AM

Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded

hmm.
Current bitcoin price is $1175 on average today (April 15).
-30% dive means price going down to $822.5

now we wait...

It would have been interesting if you added some timeframe to this speculation. For example is the dive going to happen in next day, a week, a month, 2, a year, in 10 years from now?

coinling

sr. member

Activity: 431

Merit: 251

Quote from: iamnotback on April 15, 2017, 07:49:39 AM

Quote from: iamnotback on April 13, 2017, 06:52:47 PM

Quote from: magneto on April 13, 2017, 06:21:40 PM

If it does drop below 1000 and I'll be the first person to buy in lol

This is why altcoins decline more than BTC does when BTC declines.

Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.

So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.

Comparing to the last BitFUnix heist crash which was a ~28% decline from Jan 5 to 7 and another ~11% decline from Jan 11 to 12 for a total decline of ~33%.

LTC/BTC had a 11% relative decline the day before on Jan 4 but it recovered and ended a 15% relative gain on Jan 9.

ETH/BTC had a 20% relative gain.

XMR/BTC had a 25% relative decline, but note XMR had been rising with BTC but lately XMR hasn't rise with BTC.

DASH/BTC had no leverage, so meaning it has same percentage moves as BTC.

I still don't get the point why altcoins should react bearish to BTC decline just now?
For the past months they were quite anti correlated to bitcoin.

And most people still see the undecided future of bitcoin scaling bullish for altcoins. So if Bitcoin price drops, they still go into altcoins.
For sure there will be and end at some point and maybe the end is near.

But there is still so much $ on the sidelines which wants to get into crypto and the market is tiny.

I doubt the whole crypto market will drop a lot in the coming weeks.
I rather think if Ethereum takes a big hit, the altcoin market turns bearish, which was the leader during the last bubbles.

But since Ethereum corrected already and might have found a new midterm bottom ( not sure yet of course, could even drop to 20$ again ).

I am still bullish on Litecoin, Ethereum and some smaller Cap coins.
Litecoin will get Segwit before Bitcoin, thats for sure.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: iamnotback on April 13, 2017, 06:52:47 PM

Quote from: magneto on April 13, 2017, 06:21:40 PM

If it does drop below 1000 and I'll be the first person to buy in lol

This is why altcoins decline more than BTC does when BTC declines.

Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.

So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.

Comparing to the last BitFUnix heist crash which was a ~28% decline from Jan 5 to 7 and another ~11% decline from Jan 11 to 12 for a total decline of ~33%.

LTC/BTC had a 11% relative decline the day before on Jan 4 but it recovered and ended a 15% relative gain on Jan 9.

ETH/BTC had a 20% relative gain.

XMR/BTC had a 25% relative decline, but note XMR had been rising with BTC but lately XMR hasn't rise with BTC.

DASH/BTC had no leverage, so meaning it has same percentage moves as BTC.

Topic: Take profits now! - page 4. (Read 5651 times)