Thinking about Selling - page 2. | Bitcointalksearch.org

Torque

legendary

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Quote from: SilenceDogreat on June 27, 2014, 04:32:40 PM

So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.

Good luck to all

That article was the most ill informed FUD hit piece I've ever seen, timed perfectly the day of the auction so as try to sway the market downward. Some forex guy that works for Citi weighed in on this whole thing with his brilliant uber insight? Wow, just wow.

Shame on you Coindesk for publishing such a piece of crap article.

600watt

legendary

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Quote from: SilenceDogreat on June 27, 2014, 04:32:40 PM

So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.

Good luck to all

this is really interesting, i don't think price will drop big at all. at what price have you sold (if you want to share) ?

good luck as well

SilenceDogreat

newbie

Activity: 31

Merit: 0

So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.

Good luck to all

atp1916

legendary

Activity: 854

Merit: 1000

Quote from: falllling on June 25, 2014, 03:55:39 AM

Quote from: atp1916 on June 25, 2014, 03:50:09 AM

These threads. Roll Eyes

The current "crises" is the SR coin auction. Every single one of you bears know full well that bitcoin will recover after this auction is done.

no, it won't, The Bitcoin bubble bursted, after 20%-40% off discount auction, all coins will be dumpped, we are now going back to $4xx and $3xx, say GOODBYE to $600

https://bitcointalksearch.org/topic/m.7501383

they look similar? Fear + Capitulation + Despair are coming!!!

https://bitcointalksearch.org/topic/--665043

SilenceDogreat

newbie

Activity: 31

Merit: 0

<--- not with ^this guy.

I'm bullish in the long-term, as I said. Just enjoy trying to identify dips and trading on them.
And of course, I could be completely wrong - which is why I still have more than half.
I will let you know when I get back in... and how hard I kicked, if I did.

falllling

member

Activity: 112

Merit: 10

Quote from: atp1916 on June 25, 2014, 03:50:09 AM

These threads. Roll Eyes

The current "crises" is the SR coin auction. Every single one of you bears know full well that bitcoin will recover after this auction is done.

no, it won't, The Bitcoin bubble bursted, after 20%-40% off discount auction, all coins will be dumpped, we are now going back to $4xx and $3xx, say GOODBYE to $600

https://bitcointalksearch.org/topic/m.7501383

they look similar? Fear + Capitulation + Despair are coming!!!

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: SilenceDogreat on June 25, 2014, 03:37:23 AM

I hate to be negative in my first post - I know how people generally view that too.
So I'll start with saying I fully believe holding long-term is a fine strategy.
I'm not with the school of thought that believes 1 BTC will be worth 10K within the next year...
but I do think it will set new highs in that time frame.

Crystal ball aside, I sold over 30% of my stash this week. If you look at the numerous past trends as a guide:
significant "bad news" results in a rapid, major decline in price; significant "ambiguous news" usually results in a decline;
"good news"? typically a slow incline as long as it's outweighing the rest.

The best case scenario is that every batch goes at a premium, correct?
If you sell, sure, the price could potentially jump to 630 before you get them back.
But before that's even determined we have the "ambiguous period". I think there's opportunity with that alone...enough people are worried.
If the coins sell at a major loss and/or we see a huge dump(s) you'll probably be kicking yourself.
I won't kick myself as hard for selling some and having to buy back in for ~50 bucks more.
But I'm no Miss Cleo. Do what you think makes sense, that's always the best way to go.

ok, let us know when you buy back.

atp1916

legendary

Activity: 854

Merit: 1000

These threads. Roll Eyes

The current "crises" is the SR coin auction. Every single one of you bears know full well that bitcoin will recover after this auction is done.

SilenceDogreat

newbie

Activity: 31

Merit: 0

I hate to be negative in my first post - I know how people generally view that too.
So I'll start with saying I fully believe holding long-term is a fine strategy.
I'm not with the school of thought that believes 1 BTC will be worth 10K within the next year...
but I do think it will set new highs in that time frame.

Crystal ball aside, I sold over 30% of my stash this week. If you look at the numerous past trends as a guide:
significant "bad news" results in a rapid, major decline in price; significant "ambiguous news" usually results in a decline;
"good news"? typically a slow incline as long as it's outweighing the rest.

The best case scenario is that every batch goes at a premium, correct?
If you sell, sure, the price could potentially jump to 630 before you get them back.
But before that's even determined we have the "ambiguous period". I think there's opportunity with that alone...enough people are worried.
If the coins sell at a major loss and/or we see a huge dump(s) you'll probably be kicking yourself.
I won't kick myself as hard for selling some and having to buy back in for ~50 bucks more.
But I'm no Miss Cleo. Do what you think makes sense, that's always the best way to go.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: trader001 on June 24, 2014, 11:48:00 PM

Quote from: saddambitcoin on June 24, 2014, 05:28:50 PM

Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

Unrealistic for late comer to expect bitcoin will make them rich. Early adopter should just realize the profit and enjoy the beach.

Latecomers? We're still all early adopters. Adoption has barely started.

trader001

full member

Activity: 166

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Quote from: saddambitcoin on June 24, 2014, 05:28:50 PM

Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

Unrealistic for late comer to expect bitcoin will make them rich. Early adopter should just realize the profit and enjoy the beach.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Wouldn't recommend selling more than 15-20% of your coins at most. I too am expecting a fairly large dip after the auction but not as a result of anybody buying the coins at Marshall's auction premium. My guess: one or more big bag holders will want to get people to sell their coins so they can re-buy cheap.

percocet

full member

Activity: 222

Merit: 102

Hold on to your coins for dear life. The longest you will have to wait is until the end of 2015 to see an astronomical return. The world will be a much different place by then, mark my words!

FNG

hero member

Activity: 588

Merit: 500

Sell. It's going to be funny to watch people scramble as the auction is sold off to strong hands who pay a premium to purchase a large lot of coins, without wiring $millions to an un-trusted exchange

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: HurricanOday on June 24, 2014, 03:24:11 AM

I have 10 coins right now with an average of around 530. I bought 2 coins at 557 and then 2.863 coins around 635-45, with the rest all being in the low/mid 400s. I was thinking about selling 2-4 coins before the auction to try to buy down lower. Doesn't seems like a great idea but wanted to get some speculated opinions. I can't tell the troll posts from the "normal" posts so I'm not really sure what effect the auction will really have on the price of btc. I would like to get my average down closer to 500 or below but not sure if it is worth the risk

What do people think it will go down to after the auction?

Best case scenario would be to sell and then buy back lower, maybe even a couple extra coins to put me up to 12 or so

See these 3 red lines:

If Bitcoin pops through the bottom support trend (in place since Jan 2013) on strong volume, then drop your BTC like they were hot coals.

If Bitcoin gets above the middle one, then that is a good sign but nothing more than that.

Only when/if Bitcoin breaks through the upper red line, would that be a strong sign that we are good until at least $720-$750.

houseo

full member

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Quote from: houseo on June 24, 2014, 08:47:11 AM

the amount of coins being auctioned represents about 8 days worth of mining. it won't have a significant effect on the price of bitcoin.

what will have a more significant effect on the price is not how much the coins are bought for, but who buys them. we've seen a partial list of bidders. if someone like BNP Paribas buys them, even at a discounted price, the value of bitcoin should go up.

I don't really see what party buying them would cause the value to dip.

houseo

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the amount of coins being auctioned represents about 8 days worth of mining. it won't have a significant effect on the price of bitcoin.

Torque

legendary

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Here's what most people that are scared to be underwater with bitcoin don't understand. Go look at the historical data. Between the bubbles there's only about a 3-4 week window at most out of the whole 6-8 months that you can purchase bitcoin and be pretty much guaranteed to be in the black until the next bubble. For the rest of the time, the price will likely dip below your buy-in price at one point or another. Unfortunately, most bitcoiners have purchased bitcoin outside of this narrow window (because it's hard/impossible to predict the true bottom), and thus spend most of their time with their investment in the red until the next leg up. Well, unless you are a day trader that is, who panic sells every time the price gets even close to their buy-in or stop loss.

That's why the most sensible option is to hold, especially during the uptrend phase.

OP, you just so happened to buy when the timing was good. Don't lose your nerve now just because you haven't seen any upward movement in a while. Being able to buy back cheaper is not at all guaranteed. If you want to acquire more bitcoin, the safest thing to do is just hold and buy more on the dips.

SirChiko

legendary

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Quote from: falllling on June 24, 2014, 03:36:14 AM

after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x

better sell now or you will lose $$$

Is it really you fonzie? It seems so...
Don't trust this guy these coins won't be sold altogether they will be separated into more piles and actually big % of these people are bitcoin supporters and these are only "legal" coins sold by feds or the most trusted party wich is goverment so they may actually be sold over the current price and if no i think that most of them will be holded and not dumped anyway.

Topic: Thinking about Selling - page 2. (Read 4996 times)