This pump is not sustainable. - page 4.

legendary

Activity: 1288

Merit: 1087

Quote from: pereira4 on January 04, 2017, 01:12:38 PM

Long time holders are so weak, specially bitcoin holders... im sure a lot of people sold at $1000. "Oh wow, one thousand bitcoin!, this will surely dip".

i dunno. if you'd been here since 2013 then you've probably hardened yourself and learnt an awful lot more. i can see those who bought in the 200-400s in the last year or two taking some profit but maybe not the real long termers.

pereira4

legendary

Activity: 1610

Merit: 1183

Quote from: European Central Bank on January 04, 2017, 12:32:00 PM

no pump is sustainable. at the same time no pump and subsequent fall is predictable either. why did you sell at such a huge psychological barrier? it's obvious it was gonna continue if it breached it.

Long time holders are so weak, specially bitcoin holders... im sure a lot of people sold at $1000. "Oh wow, one thousand bitcoin!, this will surely dip". It's 1138 right now, that's 1138 of shorting losses, a lot of money lost for those that decided not to believe in bitcoin's strenght when rising.

And as you pointed out, it's simply impossible to predict when this ride will take a break. Sure, all pumps end up correcting, the question is, you can't know if it will be in $1000, the ATH, or $10000.

ebliever

legendary

Activity: 1708

Merit: 1036

I don't really think of myself as a trader, but if I've learned anything with my occasional buying and selling of altcoins it is this: Always sell on the BACKSIDE of a spike.

You will miss the high point, but guess what? So does practically everyone else anyway. And at least you don't sell out too early and kick yourself all through the subsequent rise.

BestWebCreator

hero member

Activity: 675

Merit: 513

:)

Bitcoin is at 1120$, wow! I am holding a couple of bitcoin and in half a year the value has doubled. I don't know if bitcoin will dump or pump more. I am clueless. Opinions please?

saddampbuh

legendary

Activity: 1078

Merit: 1014

shouldn't have been a pussy and sold, sorry for your loss

BitcoinBarrel

legendary

Activity: 2026

Merit: 1034

Fill Your Barrel with Bitcoins!

Pump LOL, good one Grin

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: WillMitchell on January 04, 2017, 12:47:16 PM

Im starting to think you guys may be right and selling out may have been a big mistake but im still hoping to see 700 -800 again.

There is nothing wrong with sellig some coins to secure profits, but you have to make sure you never sell all your coins at once as you then miss out in case the price goes up further.

I have no doubt about getting back to $800s, but it might take a while before we see that become reality as current pump/rally has too much power to be pushed back that far.

European Central Bank

legendary

Activity: 1288

Merit: 1087

there's a good chance you'll be fine. kind of a shame to miss out on participating in all the fun though.

WillMitchell

member

Activity: 98

Merit: 10

Im starting to think you guys may be right and selling out may have been a big mistake but im still hoping to see 700 -800 again.

WillMitchell

member

Activity: 98

Merit: 10

Quote from: ZoSo15 on January 04, 2017, 12:39:35 PM

Quote from: WillMitchell on January 04, 2017, 12:36:18 PM

Quote from: European Central Bank on January 04, 2017, 12:32:00 PM

no pump is sustainable. at the same time no pump and subsequent fall is predictable either. why did you sell at such a huge psychological barrier? it's obvious it was gonna continue if it breached it.

No it was not. I figured it may hit 1030-1020 and crash back to 750 where it took of to redistribute. Makes sense, does it not?

Ok, and what was the risk/reward on that trade? What was your plan if it kept going up like it's doing?

Why did you try to fight the trend?

Im still holding about 25% of what i had in total, so it was more like, take profit and lock it in to pay the bills and let the rest ride. If it went back down I would have bought back maybe 30% of what I sold.

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

Quote from: WillMitchell on January 04, 2017, 12:24:51 PM

It cant continue like this, mostly because I need to buy back in lower then I sold $1000 and also because its charts is just going straight up. This is insane.

Not only you, there are many panic sellers like you who have sold at $1000 and now regretting it. They just want a dump or correction to buy back but i doubt price will go below $1000 anytime soon. You may have to wait for few more months or even years to buy back below the price at which you have sold.

I am holding tight and riding this bull run Grin

ZoSo15

newbie

Activity: 8

Merit: 0

Quote from: WillMitchell on January 04, 2017, 12:36:18 PM

Quote from: European Central Bank on January 04, 2017, 12:32:00 PM

no pump is sustainable. at the same time no pump and subsequent fall is predictable either. why did you sell at such a huge psychological barrier? it's obvious it was gonna continue if it breached it.

No it was not. I figured it may hit 1030-1020 and crash back to 750 where it took of to redistribute. Makes sense, does it not?

Ok, and what was the risk/reward on that trade? What was your plan if it kept going up like it's doing?

Why did you try to fight the trend?

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: WillMitchell on January 04, 2017, 12:36:18 PM

No it was not. I figured it may hit 1030-1020 and crash back to 750 where it took of to redistribute. Makes sense, does it not?

well, not really. this was something that's been in the works for over 3 years. it's fairly natural that there'd be some irrational exuberance once it was taken care of. it's been a long, slow burn too until very recently.

2017Bubble

full member

Activity: 121

Merit: 100

What kind of moron shorts this?

You failed at life.

MiladMax

full member

Activity: 121

Merit: 100

You made a huge mistake by selling at $1000 lol

WillMitchell

member

Activity: 98

Merit: 10

Quote from: European Central Bank on January 04, 2017, 12:32:00 PM

no pump is sustainable. at the same time no pump and subsequent fall is predictable either. why did you sell at such a huge psychological barrier? it's obvious it was gonna continue if it breached it.

No it was not. I figured it may hit 1030-1020 and crash back to 750 where it took of to redistribute. Makes sense, does it not?

European Central Bank

legendary

Activity: 1288

Merit: 1087

no pump is sustainable. at the same time no pump and subsequent fall is predictable either. why did you sell at such a huge psychological barrier? it's obvious it was gonna continue if it breached it.

WillMitchell

member

Activity: 98

Merit: 10

Quote from: 2017Bubble on January 04, 2017, 12:26:04 PM

You must be new..

Not new enough to not see whats going on. The crash is coming and its coming very soon.

2017Bubble

full member

Activity: 121

Merit: 100

You must be new..

WillMitchell

member

Activity: 98

Merit: 10

It cant continue like this, mostly because I need to buy back in lower then I sold $1000 and also because its charts is just going straight up. This is insane.

Topic: This pump is not sustainable. - page 4. (Read 3725 times)