Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18017. (Read 26611268 times)

Overall, this year was good for going long, but yeah, you can short or sell and buy back at any time.

I just personally don't think that it is a good strategy to sell on the way down, unless you are pretty confident about the continued downward direction.

Accordingly, I personally employ a strategy to sell on the way up and to buy on the way down, unless I have a pretty high level of confidence that the price is going to continue to go in one direction or another, then I may tweak my strategy a little bit in order to take advantage of that anticipated movement.

So, yeah, each of us employs a bit of a different strategy that is likely tailored to our own risk profile, overall finances and views. 

For example, I have been selling BTC on the way up, since about $250, and around $400 or so, I tweaked my BTC trading strategy in such a way that I tend to attempt to keep a certain percentage in BTC and a certain percentage in fiat. 

Currently, I am little bit under 92% bitcoin and 8% fiat.  If the BTC price goes shooting down, let's say $200, I will probably get into about the 94% or 95% bitcoin territory, but if I think that we have kind of bottomed out on our downward test of support, I may employ a bit more fiat and get into a 96% bitcoin territory (I don't want to run out of trading fiat), on the other hand, if BTC prices goes shooting up, let's say to $200, I may get into about 90.5% bitcoin territory, depending on how quickly it goes up... 

From time to time, I will tweak my holdings in such a way to try to push them a little more in one direction or another but my percentages do not really change too radically, and if I were to sell 1 or 2% of my BTC holdings at any one time, that would be a pretty big deal for me (more than I usually do at any one time because I tend to play in smaller increments and I don't really gamble too much with my overall holdings.  I just attempt to protect my BTC holdings somewhat through what buying and selling that I do from some of the sometimes extremes of bitcoin's volatility).   

I have 30 btc to play with and some more in cold storage which i wont touch for a long time.
I dont plan to invest more, but rather want to increase my stash with trading. So far this year was quite good with me (us). 

You can sell any time that you like.  It depends upon how apportioned you are.  If you are 100% BTC, then maybe you should sell a bit.  If you are only 1% BTC, then maybe it is a decent time to buy some, and figure out a longer term plan rather than asking on the interwebs about what to do about your personal bitcoin allocation situation.

I dont think any of us will know.... however according to previous stats, it may drop and increase 3 times then only bull.... I'm not selling because Im not taking the risks.

Is the bottom in or can i still sell? 

 


~love u too

LuL'z!




Touche! ... You spoke like a true Abe Lincoln impersonator giving a speech in front of thousands of hemp & weed farmers in the 18-hundreds! (Laughing in Portuguese: HueHueHueHueHue ) 

 

*edit

Word! If you come here from wherever, prepare to be productive and take care of your own. Or, visit and gtfo.

Money draining into the alt market. I hate when this happens. 

Well... that's the trick right there. I can count the people I could *possibly* trust with my life on one hand and most of those are family, not friends. Unfortunately, most people disappoint when it really matters.


You can't have open borders along with a massive welfare state. Get rid of the latter and I'm all for the former.

I hear you Jimbo.  People are creative, innovative, adaptive and when we work together the impossible can become reality. 

I understand peoples negative view of peoples though too.  The thing is that the destructiveness, selfishness, shortsightedness that we are exhibiting right now isn't our nature like some people think.  We humans don't have a specific nature.  We are born blank slates and programmed from birth.  The system as is stands right now is not very conducive to programming any other than selfish, egotistical, consumer, slaves at the moment.  The other beautiful thing about humans is we have the power to change our own programming once we are awakened to this fact.  I'm not going to say that its easy though...

Humans are primitive creatures.

I'l take the : "100 skids of canned food and 100 barrels of drinking water" ... any day, all the time, repeating the same mistake endlessly like a mad man! ...


And me having 100 real friends, its like claiming I'm one of the few hidden trillionairs on the planet.

I'm probably a little older than you but long ago I realized that the most valuable assets are people.

To paraphrase Freewheelin' Franklin of the Fabulous Furry Freak Brothers, friends will get you through times of no money better than money will get you through times of no friends.

When the shit hits the fan, which would you rather have? $100k in fiat currency, 100 cases of Uzis and ammo, 100 skids of canned food and 100 barrels of drinking water, 100 kilos of Shirak-i-Mazar, or 100 friends with whom you could trust your life? I'll take the friends any day.

I understand you were making a case for clean natural organic commodities versus corporate manufactured crap, but I'm saying that human resources trump outdo them all.

(It's a sorry commentary that I feel reluctant to use an expressive English verb because of some xenophobic bigoted reality TV personality. I try to keep my nose out of foreign politics but I'll say this: If you want to make America great again, open up Ellis Island again. It's what made America great in the first place.)

Human resources are far more important than natural resources.

Hmmmm... I see more value in breathable air, wood, water, organic consumables and processing power.. But rocks, metals and precious metals are somewhere at the end of the list for me. And it is weird to see an awakening.. Of everybody wanting more organic produce and not mass scale industrial productions that are genetically modified. The thing is that organic things are way, way, wayyyyyy more cost/energy consuming to produce them on a large scale. So basically the world is not sustainable. And I'm not really sure what will happen when people will not have clean air, healthy unpolluted soil, clean drinking water. Because standards will rise and there will come to dark conclusions that there is poison in everything. And changing our diet may be harder than we think, to make us return to a cleaner path.. because even radioactive material or many toxins can get passed to the next generations. Then there will be.. or it will be a genetic cleansing where people will not get married to make children on matters of "clean future genetic potential". Humanity is on a brink of divide. But yeah.. sry I got sidetracked there.. But.. I see gold + silver as the next global money system since we have technology to verify things like money authenticity better than in the past. And I call it "fiat" because there will always be more! And when we will finish mining it from Earth we will mine the Moon, then Mars, Venus(but first we need to fix the atmosphere there), the Asteroid Belt, the Sun, etc... So it is somehow endless.  

Hm, overconfidence in posters on this forum is what. Deeper inspection reveals he most likely is a man. Now if you excuse me, I need to slap an egg on my face.

I thought that "fiat" by definition is money created by government decree.

Coins minted from precious metals may owe some of their value (face value) to decree, but they still have some intrinsic value due to their metal content.

This is why very few fiat coins are made of precious metals anymore. As their real value surpasses their face value due to fiat devaluation and as the price of precious metals rises, they are replaced with coins minted from base metals.

The last time I was using the BTC ATM at Toronto gold, there was somebody there cashing in a sizeable hoard of real silver Canadian dimes (discontinued in 1968). I thought most of those got melted down during the Hunt silver fiasco in 1979-80. It gave me flashbacks to my childhood when I used to dissolve dimes in nitric acid to make silver nitrate for photosensitivity experiments.

Precious metals are still precious but today's fiat coins are just glorified wooden nickels.

I'm not buying, mine are all in cold storage. Just trying to figure out which exchange most accurately reflects volume and depth.

The only fiat I deem 'relevant' is gold and silver coins or any other shape or form made from those metals. And I have a good feeling about copper as well in the future, buy a few tons and you will profit.  

The better question is: Who is stupid crazy enough to send 7k coins to Finex?

Some whales are just begging to get Goxxed.