Take profits now! - page 7. | Bitcointalksearch.org

iamnotback

sr. member

Activity: 336

Merit: 265

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.

magneto

hero member

Activity: 1666

Merit: 753

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.

I've sold some coin at the top already so I'm not that concerned right now. Worst situation for me is that bitcoin crashes to sub one thousand dollars and I lose some of the profits I made from buying at 700, that's all.

But it does seem like that the moon island is changing right now it is starting to move sideways instead of going up every day it is interesting that we have never broken $1,300 and stayed above that level it's interesting to see when that would happen actually.

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

DustyRah

sr. member

Activity: 533

Merit: 251

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.

Topic: Take profits now! - page 7. (Read 5651 times)