Torn between two lovers, Honest opinion please.

oblivi

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Quote from: lophie on October 04, 2014, 01:12:12 AM

Hi guys,

I have sold a decent amount of Bitcoins at $400 to buy back at $350. Now the time is here and I am thinking of waiting a little bit longer. The weekend is nigh, But it might be the last weekend before the rend upward /:.

I realize that currently if I consider my initial decision, That I am moved by greed and not rationale. But if I buy this week and it keeps on down-trending for 3-4 weeks, I consider it a loss, personally.

What do you guys think? $350+ in 3-4 weeks? a pure speculative question either you want to share your rationale with us or not.

p.s. $560k people and $100 people are just trolls and not invited in this gentlemen conversation, thank you.

Why you rule out 100? It may seem ridiculous but who knows, im considering all scenareos. I think it will go lower than we can expect, BUT long term its a big UP. Maybe I am wrong and will lose all my coins value but it just makes sense this gets adopted gradually this year into next - then 2016 its goes everywhere! like 98-99' Internet adoption curve! One thing is clear. The upside potential is huge but if BTC is not accepted then the value collapse. Its all or near nothing with investing in Bitcoins. If people don't use it - its worthless :-)

ravenjt

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You have to decide whether you believe some serious buyers are about to cash in on muchmuch cheaper coins, or whether demand has dried up and serious panic selling is about to begin.
If the former, then get in now. Otherwise wait.

lophie

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And again as I was tempted to buy at $350 and just waiting for tomorrow's dip.... the price falls to $330 (BTC-E)..........

Now I am really torn to wait or buy... I also do not see the price falling any lower but it is, Maybe if I buy now... it will go even lower....

The exchanges are imploding.....

lophie

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Quote from: Wandererfromthenorth on October 04, 2014, 05:34:03 AM

Quote from: Hunyadi on October 04, 2014, 05:24:26 AM

Quote from: yokosan on October 04, 2014, 04:45:01 AM

Quote from: kwukduck on October 04, 2014, 04:36:34 AM

We dropped 26% in the past 4 weeks, we have risen and fallen even faster in the past, in this small and emotional economy it's hard to tell what will happen in a few days, extreme price fluctuations are a real thing here.

Currently i feel there is a very negative sentiment. But that could just be because of all the troll posts..

I think we may check around 266 but i have to say it completely baffles me why anyone would sell that low considering the scarcity of btc and difficulty to mine them. Infrastructure growth and adoption are at an ever increasing rate.

This is just panic selling. I suspect we will recover to 400-500 soon and hang around there for a bit.

This.

+1 BTW: there are LOTS of shorts atm.

But the vast majority of BTC being dumped though this months long downtrend is real actual BTC being sold off not shorts. Look at the Bitfinex data http://www.bfxdata.com/combined/btc.php

Ouch this is really a thing to consider......

Wandererfromthenorth

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Quote from: Hunyadi on October 04, 2014, 05:24:26 AM

Quote from: yokosan on October 04, 2014, 04:45:01 AM

Quote from: kwukduck on October 04, 2014, 04:36:34 AM

We dropped 26% in the past 4 weeks, we have risen and fallen even faster in the past, in this small and emotional economy it's hard to tell what will happen in a few days, extreme price fluctuations are a real thing here.

Currently i feel there is a very negative sentiment. But that could just be because of all the troll posts..

I think we may check around 266 but i have to say it completely baffles me why anyone would sell that low considering the scarcity of btc and difficulty to mine them. Infrastructure growth and adoption are at an ever increasing rate.

This is just panic selling. I suspect we will recover to 400-500 soon and hang around there for a bit.

This.

+1 BTW: there are LOTS of shorts atm.

But the vast majority of BTC being dumped though this months long downtrend is real actual BTC being sold off not shorts. Look at the Bitfinex data http://www.bfxdata.com/combined/btc.php

Hunyadi

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☑ ♟ ☐ ♚

Quote from: yokosan on October 04, 2014, 04:45:01 AM

Quote from: kwukduck on October 04, 2014, 04:36:34 AM

We dropped 26% in the past 4 weeks, we have risen and fallen even faster in the past, in this small and emotional economy it's hard to tell what will happen in a few days, extreme price fluctuations are a real thing here.

Currently i feel there is a very negative sentiment. But that could just be because of all the troll posts..

I think we may check around 266 but i have to say it completely baffles me why anyone would sell that low considering the scarcity of btc and difficulty to mine them. Infrastructure growth and adoption are at an ever increasing rate.

This is just panic selling. I suspect we will recover to 400-500 soon and hang around there for a bit.

This.

+1 BTW: there are LOTS of shorts atm.

piramida

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Borsche

Quote from: kwukduck on October 04, 2014, 04:36:34 AM

i have to say it completely baffles me why anyone would sell that low considering the scarcity of btc and difficulty to mine them. Infrastructure growth and adoption are at an ever increasing rate.

This is just panic selling. I suspect we will recover to 400-500 soon and hang around there for a bit.

Alot of profit chasing - short selling makes money, so invites more short sellers. I'm not sure when will this thing explode, but it should, just like any leveraged longs rally explodes when it runs out of steam.

cbeast

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Let's talk governance, lipstick, and pigs.

I'm expecting another Gox type event when the panic buying starts. I never recommend bulk buying or selling. Use cost averaging incremental trading always. The profits are not as much, but you don't kick yourself for getting burned.

yokosan

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Quote from: kwukduck on October 04, 2014, 04:36:34 AM

We dropped 26% in the past 4 weeks, we have risen and fallen even faster in the past, in this small and emotional economy it's hard to tell what will happen in a few days, extreme price fluctuations are a real thing here.

Currently i feel there is a very negative sentiment. But that could just be because of all the troll posts..

I think we may check around 266 but i have to say it completely baffles me why anyone would sell that low considering the scarcity of btc and difficulty to mine them. Infrastructure growth and adoption are at an ever increasing rate.

This is just panic selling. I suspect we will recover to 400-500 soon and hang around there for a bit.

This.

kwukduck

legendary

Activity: 1937

Merit: 1001

We dropped 26% in the past 4 weeks, we have risen and fallen even faster in the past, in this small and emotional economy it's hard to tell what will happen in a few days, extreme price fluctuations are a real thing here.

Currently i feel there is a very negative sentiment. But that could just be because of all the troll posts..

I think we may check around 266 but i have to say it completely baffles me why anyone would sell that low considering the scarcity of btc and difficulty to mine them. Infrastructure growth and adoption are at an ever increasing rate.

This is just panic selling. I suspect we will recover to 400-500 soon and hang around there for a bit.

lophie

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Quote from: Wandererfromthenorth on October 04, 2014, 03:42:49 AM

Don't buy now. This is my advice.

By the look of things we are going much lower.
This thing is NOT gonna just pump right now out of thin air (nobody is buying from the asks)

This is my advice. Don't worry about missing "cheap coins", a lot cheaper coins are coming anyway.

If you really want to buy, wait a few days and see what's up.

Yes in a sense I agree but I have 2 problems with this idea.

1- No one can know if money is coming in from a big buyer until it is too late to get money in as well especially if you trade according to an exchange price and not on the exchange itself.

2- It is mostly greed moving me now since obviously I reached my estimated goals.

ravenjt

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Activity: 215

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There seems to be a regular cycle of partial recoveries after declines, so perhaps gradually buy back in after each decline?
Ie buy 20pc now, then wait a week...

marvinrouge

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Wait for enough volume. You can buy with a quarter of your fiat and buy the rest later.

rebuilder

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You could replace the coins you sold and keep the difference in usd as profits, or keep the fiat on hand to buy lower if you want.

blitzbad

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Quote from: Feneusens on October 04, 2014, 03:29:26 AM

Quote from: lophie on October 04, 2014, 01:12:12 AM

Hi guys,

I have sold a decent amount of Bitcoins at $400 to buy back at $350. Now the time is here and I am thinking of waiting a little bit longer. The weekend is nigh, But it might be the last weekend before the rend upward /:.

I realize that currently if I consider my initial decision, That I am moved by greed and not rationale. But if I buy this week and it keeps on down-trending for 3-4 weeks, I consider it a loss, personally.

What do you guys think? $350+ in 3-4 weeks? a pure speculative question either you want to share your rationale with us or not.

p.s. $560k people and $100 people are just trolls and not invited in this gentlemen conversation, thank you.

If you don't buy now you risk missing the boat.... bitlicence coming..

what boat? the Titanic?

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Don't buy now. This is my advice.

By the look of things we are going much lower.
This thing is NOT gonna just pump right now out of thin air (nobody is buying from the asks)

This is my advice. Don't worry about missing "cheap coins", a lot cheaper coins are coming anyway.

If you really want to buy, wait a few days and see what's up.

Feneusens

sr. member

Activity: 275

Merit: 250

Quote from: lophie on October 04, 2014, 01:12:12 AM

Hi guys,

I have sold a decent amount of Bitcoins at $400 to buy back at $350. Now the time is here and I am thinking of waiting a little bit longer. The weekend is nigh, But it might be the last weekend before the rend upward /:.

I realize that currently if I consider my initial decision, That I am moved by greed and not rationale. But if I buy this week and it keeps on down-trending for 3-4 weeks, I consider it a loss, personally.

What do you guys think? $350+ in 3-4 weeks? a pure speculative question either you want to share your rationale with us or not.

p.s. $560k people and $100 people are just trolls and not invited in this gentlemen conversation, thank you.

If you don't buy now you risk missing the boat.... bitlicence coming..

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: SunBin on October 04, 2014, 02:18:42 AM

Quote from: lophie on October 04, 2014, 01:12:12 AM

Hi guys,

I have sold a decent amount of Bitcoins at $400 to buy back at $350. Now the time is here and I am thinking of waiting a little bit longer. The weekend is nigh, But it might be the last weekend before the rend upward /:.

I realize that currently if I consider my initial decision, That I am moved by greed and not rationale. But if I buy this week and it keeps on down-trending for 3-4 weeks, I consider it a loss, personally.

What do you guys think? $350+ in 3-4 weeks? a pure speculative question either you want to share your rationale with us or not.

p.s. $560k people and $100 people are just trolls and not invited in this gentlemen conversation, thank you.

We are in down trend and catching the falling knife is dangerous.

What is your exit plan if you do buy at this price?

I am a long term hodler who gets in and out in % of the portfolio. For this particular endeavor my plan is as follows. I got out at 400 and wants to get back in at 350. Will not touch the funds for 3-4 weeks and then trinkle a bit from time to time. 10% -15% at a time.

SunBin

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Activity: 151

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Quote from: lophie on October 04, 2014, 01:12:12 AM

Hi guys,

I have sold a decent amount of Bitcoins at $400 to buy back at $350. Now the time is here and I am thinking of waiting a little bit longer. The weekend is nigh, But it might be the last weekend before the rend upward /:.

I realize that currently if I consider my initial decision, That I am moved by greed and not rationale. But if I buy this week and it keeps on down-trending for 3-4 weeks, I consider it a loss, personally.

What do you guys think? $350+ in 3-4 weeks? a pure speculative question either you want to share your rationale with us or not.

p.s. $560k people and $100 people are just trolls and not invited in this gentlemen conversation, thank you.

We are in down trend and catching the falling knife is dangerous.

What is your exit plan if you do buy at this price?

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: piramida on October 04, 2014, 01:49:24 AM

350 is a pretty solid resistance given that spring flash crash went to it and stopped. so it either holds or get broken, if it does break then you might see lower 300's but I would not bet much on it.

as for practical advice, buy half now and see how it unfolds.

You sir are the opposite of the person first responded to this thread, thank you it is indeed a good advice.

Topic: Torn between two lovers, Honest opinion please. (Read 1680 times)