What do you think about this plan? | Bitcointalksearch.org

Xardasim

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Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

What you said might be true. But while we cannot fully understand the situation we are currently in, another risk can make the situation worse. What if price will move to the opposite of what you said and if the current price is the bottom? Huh

Tagus45

copper member

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That is what is expected, buy when the price is low and get a profit by selling when the price jumps high. Buy now and be patient in holding for the next few years, bitcoin will provide a sweet profit.

South Park

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Quote from: thecodebear on December 07, 2018, 05:14:49 PM

Exactly, selling near or at the bottom is obviously not a good strategy.

Some people learned that the hard way, trading is an activity that seems to be very easy but timing is everything, the strategy that is suggested could have been very successful one year ago but trying that strategy now is probably going to lead to huge losses, it is the very same strategy but in a moment in time that strategy is the best thing that you can do and in another moment it is the worst thing that you can do.

thecodebear

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Quote from: South Park on December 07, 2018, 12:09:58 PM

Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

You should have done that during the previous year, if you had a bitcoin you could have sold that bitcoin for a price close to 20000 dollars and now you could buy it for a price below 3300 dollars, so that one bitcoin could allow you now to buy six bitcoins, but if you want my opinion it seems to me that is very late to try that strategy, because I really do not think that we're going to see a price of 1000 dollars for each bitcoin.

Exactly, selling near or at the bottom is obviously not a good strategy.

South Park

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Activity: 2884

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I am terrible at Fantasy Football!!!

Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

You should have done that during the previous year, if you had a bitcoin you could have sold that bitcoin for a price close to 20000 dollars and now you could buy it for a price below 3300 dollars, so that one bitcoin could allow you now to buy six bitcoins, but if you want my opinion it seems to me that is very late to try that strategy, because I really do not think that we're going to see a price of 1000 dollars for each bitcoin.

mrcash02

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Looks very good (considering it will happen)... But keep in mind you will have an initial loss by selling BTC for $3800, as you have probably bought it for a more expensive price before. Also, you are being very optimistic about buying BTC for $1000.

Anyway there is some chance it can work, like people who sold for $6000 and are thinking now if it's already the best moment to enter the market again.

thecodebear

hero member

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Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

That is incredibly risky. Selling now hoping to buy in significantly lower is just hoping to get extremely lucky. You should not be selling anything now, only buying.

What I've learned from mostly doing very poorly trading, don't try to predict the market, just ride the market. Price is very low now, so buy. If price falls, buy again. Keep buying while its low as much as you can. Sell it later on at some point for a far higher price.

acener

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Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

I think that's the basic principle of trading, to buy low and sell high. That's how traders earn money thru cryptocurrency trading. However, the problem is, how will you speculate whether how deep the market will dip? When to buy, and when to sell?

Capt00

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Quote from: bitcoindusts on December 06, 2018, 01:43:00 PM

Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

Everyone already think of this strategy. But sadly not all are be able to pull this through. You can short now and buy later at a lower price but as you said it is not guaranteed. There is a possible chance that after you sell your 1 Bitcoin the price goes up so that means there is also a possibility you will regret your decision about selling your BTC at this current rate.

Nah, that is not a brilliant idea. That strategy is not worth it if you mean that selling your bitcoin at the lower price and buy when it is high.
But here is the best thing to do is hold your Bitcoin until your profit was there, easy as that we all know that it will back soon the price. This is the right time to buy while the market is down and bitcoin price was up.

bitcoindusts

sr. member

Activity: 1092

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Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

Everyone already think of this strategy. But sadly not all are be able to pull this through. You can short now and buy later at a lower price but as you said it is not guaranteed. There is a possible chance that after you sell your 1 Bitcoin the price goes up so that means there is also a possibility you will regret your decision about selling your BTC at this current rate.

fabiorem

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Your "plan" is what the bears at BITMEX do every day.

In other words, its pure gambling.

sheenshane

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I don't think so if Bitcoin will drag too much and hit the lower price at the 1k dollar or lower than that. Yes, your right we are free to speculate here since it is speculation board but make it sure that your speculation has a sense and supported with a strong reason why is that possible to happen. Well, the best thing to do now is purchase as much as you can in Bitcoin rather than selling your asset, because right at this moment for sure you won't find your profit.

The Sceptical Chymist

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So what you're asking for an opinion about is whether to "buy the dip" and giving the advice to "buy low, sell high".

Sure, great plan IF bitcoin continues to fall and IF after it bottoms out it rebounds to the point where you can make a profit. Lots of traders do this; some make money, others don't. Ultimately since nobody knows where bitcoin is headed, this plan of yours is risky at best and there's no one on this forum or anywhere else who can tell you if it's a solid plan. If any of us had functioning crystal balls that could accurately foretell the price of bitcoin at any time in the future, it'd be a sure shot idea. Unfortunately none of us have those crystal balls, just a talent (or lack thereof) for figuring out what other traders might do in the future..

It's all guesswork. If you think that's what's going to happen in the bitcoin market, go for it. My advice would be not to sell anything right now and to just hold until the market rebounds.

Jet Cash

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How about keeping your Bitcoin, and doing some extra work or selling some stuff so that you can buy another some more Bitcoin. If you think the price will drop, then you can price average.

imapessimist

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I think you would need to be very brave or very rich or both to buy at this time. I think it will crash spectacularly before Christmas. And go to practically nothing. Still it's anybodys guess.

1Referee

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Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

Horrible plan.

The only good thing about what you have stated is that I am more inclinded to think that we're very near the bottom. The more people believe we'll tank hard in the coming months, the more I am tempted to buy another load of coins right now. I'm actually very tempted to do so right now. I'm like a kid in the candy store. Sugar overload, what amount should I buy candy with. Cheesy

I need more bearish talk please. Where the heck is kwukduck when you need him. Grrrr.

okala

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Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

Easy saying but very difficult to achieved that. I don't bitcoin will get to $20,000 in 2019 and it might not get to $1000 this year. Believe me that it will be difficult for you to buy bitcoin at $1,000 as you will be afraid that bitcoin is going to fall further. The best time to buy is now and not selling to buy low as you might be out of the equation.

Theb

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What you are talking about is not a plan but just a dream running in your head. You didn't even have mentioned the necessary steps on how or why you would think this prices would come out. Sometimes your expectations must be aligned in the conditions of the market in order for it to become a reality but what you are doing is simply guessing numbers and dreaming of it happening in the future. Yes sure this is a speculation thread but I barely even count what you are saying as speculation, you simply have no basis with your numbers you are targeting.

cabron

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First, How much was the price when you bought your 1BTC?

That is if the price dip to $1k, anything is possible though so you can speculate whichever you may want. That's free. There is a higher chance that BTC may not rise as quick as possible like it did last year. The alts may actually be a better investment. China had been speculating those list too.

GreatBug

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Quote from: davis196 on December 06, 2018, 02:48:21 AM

Imagine having one bitcoin.
You sell that bitcoin at the current price(around 3800 USD).
Bitcoin crashes again somewhere around Christmass and the price goes down to 1K USD.
You buy 3.8 bitcoins with the dollars you got from the previous sale and you HODL.
In 2019-2020 bitcoin recovers to 10K USD (or maybe reaches 20K ATH).
You have made atleast 38K USD. Grin

I know it's not guaranteed to happen,but hey,this is the Speculation forum,so why not speculate about this.
I think that this is every crypto whale's trading plan for the next 2 years.

I think that many people have already done so and thats why we saw such large price drops .. Now they are waiting for optimism to return to the cryptocurrency market, but unfortunately no one knows when it will happen and this is what we call the investment risk.

Topic: What do you think about this plan? (Read 422 times)