There, I sold .01BTC. That should make this down trend reverse.
Same feeling here. I need to sell something for price to go up again.
Seems crazy as fuck to see guys in this thread doing the exact opposite of what they should be doing.. .
Crazy
Fuck
Each of us, reading this thread, should realize that we buy on the way down and sell on the way up, not the opposite.
Helrow??
Agreed! Panic selling when price going down is the noobs mistake.
(edit: though I know the feeling very well of doing a trade and then the price going the other way just because you did it!
)
I'm curious if you hold all your bitcoin on an exchange ready for good moments to buy and sell? My own trading style necessitates that I don't hold anything on an exchange, (because I have lost funds from exchange hacks which is not nice really and I decided not to risk it happening again). Also is selling any real amount of your stash a tax event? For me it is. This all makes trading in and out quite a difficult business potentially. Because of these factors I only trade very infrequently, ie last time I bought in any decent amount bitcoin was about $300. I have cashed out some at a few different levels but because like I say tax makes me hesitate to do more when I otherwise might have. But I might only trade once, twice or less in a year.
However I do a lot more trading in and out using other crypto, mainly Dash with smaller amounts, mainly for fun, but also because I can profit pretty well generally. I chose Dash because I really like it but any other pair with decent liquidity could do it. This is good because most the time I don't need to get carried away thinking about fiat and tax. I don't use leverage and so if price goes the wrong way I can be patient. I like bitcoin and Dash so holding either bags if fine for me.
Anyway thought I'd give you the chance to elaborate a bit more, which I'd be interested in hearing. Cheers