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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31949. (Read 26608261 times)

donator
Activity: 1722
Merit: 1036
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.

Im still accumulating, but trying to sell on peaks to buy later cheaper, ive sold almost all at 400 but finally bought again at 500 and now i dont really know what to do, im a beginner... looks like it going up to maybe 1k i dont want to lose the train lol, neither the crash explode on my face ;-)

If you are still accumulating, don't sell! Easy as that.

Also since you are accumulating, when the crash hits, just refresh your wallet balance every 5 seconds. As long as it stays the same, you are doing good. If you scrape some cash to buy some more, you do even better.

WTF is wrong with this generation that sees a purpose in selling all that they have.. Why buy in the first place if you don't want it...
full member
Activity: 237
Merit: 101
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.

Im still accumulating, but trying to sell on peaks to buy later cheaper, ive sold almost all at 400 but finally bought again at 500 and now i dont really know what to do, im a beginner... looks like it going up to maybe 1k i dont want to lose the train lol, neither the crash explode on my face ;-)

It is easy to panic when the price drops. But assuming you aren't using borrowed money and you don't need your cash back out for a little bit, resist the urge to sell.
Just wait it out. Nothing about the long-term advantages of bitcoin will have changed.
donator
Activity: 1722
Merit: 1036
Quote from: rpietila link=topic=178336.msg3620642#msg3620642 date=1384760328
Do not swing-trade or daytrade unless you know. I don't know any [b
successful bitcoiners[/b] who daytrade.

daytrading works on high volatility days when crashes and corrections occur. If the price is making 15%+ swings, this will give you enough room to pay your commissions and have a margin of error to make mistakes and still profit.

How much did you make daytrading (y-t-d), and how much could you have made doing something else?  Roll Eyes
full member
Activity: 179
Merit: 100
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.

Im still accumulating, but trying to sell on peaks to buy later cheaper, ive sold almost all at 400 but finally bought again at 500 and now i dont really know what to do, im a beginner... looks like it going up to maybe 1k i dont want to lose the train lol, neither the crash explode on my face ;-)
full member
Activity: 134
Merit: 100
sure, but the chance to make money by daytrading is lower than the chance to make money by going long

@mccorvic: nope
hero member
Activity: 518
Merit: 500
hero member
Activity: 728
Merit: 500
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.

daytrading works on high volatility days when crashes and corrections occur. If the price is making 15%+ swings, this will give you enough room to pay your commissions and have a margin of error to make mistakes and still profit.
legendary
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
donator
Activity: 2772
Merit: 1019
Danger: Curving upward on the log chart. If we don't get a correction soon this could be the final blow-off to quadruple digits then crash.

Someone please STOP THIS THING Grin

Look at this chart, and compare the $10->$266->$100 period from earlier this year with the 2011-February through 2011-April time period: http://bitcoincharts.com/charts/mtgoxUSD#igDailyztgSzm1g7zm2g25zl

I'd post a chart with those two regions circled, but my MSPaint skills aren't good enough.

try inkscape
donator
Activity: 1722
Merit: 1036
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.
copper member
Activity: 2898
Merit: 1465
Clueless!
WTF is going on!!! 600!!!


well I'd like to keep some coins I've been mining a month and have 21 btc..how you people with 100's of coins are not
selling now is beyond me ..I'm having problems and I've really only been doing this a month....(knc miner)

sheesh.....

oh well its only money (kinda sorta maybe could be if xchanged and if you remember the pswd and the usb drive ....money)

er by the by when I started mining oct 18th what was BTC like 150 bucks (I think may be wrong) and now its around 600 bucks....(hmmm.....
.....I smell 'Tulips!!!!" its a 'TRAP!!!!!"

anyhoo all the thrills ski jumping in front of your desktop....the speed the jump the fall the crash.....(probably)

hero member
Activity: 518
Merit: 500
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

It's never time to sell. I don't get why anyone sells anyway, bitcoin IS a payment system, why switch over to a defunct broken fiat system while we can have something that's 10 times better?

That's the mutha frakin' truth man.
hero member
Activity: 504
Merit: 500
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

It's never time to sell. I don't get why anyone sells anyway, bitcoin IS a payment system, why switch over to a defunct broken fiat system while we can have something that's 10 times better?
hero member
Activity: 518
Merit: 500
What's funny is that from what I can tell, most of the selling that's going on is being done at Gox.

Which just means these people are just going to have to turn around and buy back their coin anyways if they ever want their money back.
hero member
Activity: 669
Merit: 500
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Gavin hasn't even give one Public Service Announcement yet.
newbie
Activity: 56
Merit: 0
my god we are going to mars

edit: bitcoinity seems to be stuck on all time high... oh wait... constant all time high lol
hero member
Activity: 728
Merit: 500
I'd say it is safe to sell some here temporarily. At the very least you will get a correction to this level (or lower) if not the crash. Btc has entered full parabolic mania mode, it has not tested the short daily ema since $280 and has not tested the long daily ema since $175. On gox it takes 2000btc to drop the price 20% to $500.
full member
Activity: 179
Merit: 100
Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...
full member
Activity: 134
Merit: 100
it's fun to see the chinese people going april-crazy while the us and europeans are like "whee, no, we want to correct the price... aaah, we are gettin dragged along... omg, china, stahp!"

full member
Activity: 179
Merit: 100
WTF is going on!!! 600!!!
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