Topic: What is your quit point for Bitcoin price? - page 7. (Read 13874 times)

This person optimistically believes that the price will conquer new heights in 2019.
Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori.

The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he believed bitcoin bottom is near, Kayamori stated that the market would not show any significant bullish corrections until the end of this year. But after the new year, a lot of catalysts could influence a sustainable rally in the bitcoin market.
https://www.ccn.com/bitcoin-price-will-hit-new-all-time-highs-in-2019-quoine-ceo/

The word quit are for losers. I do believe in this technology and I will stick with my plan since from the start. I invest in bitcoin for long term and this current situation and dips won't really bother me since I'm so certain that the market will correct itself anytime soon. With the scarcity of bitcoin few years from now due to difficulty of mining, I'm pretty sure that its value will also increase. I only invest an amount that I can afford to lose so this bloodbath won't really affect me that much.

Completely agree with this. The main reason for this topic was to see what would be the reaction for a solid price dump. I see that so many real investors will hold the ground. Good to see that.

i have never invested in bitcoin "only" for its price so i would never "quit" because of its price either. i invested in bitcoin because it was a decentralized currency which i could use globally without anybody being able to dictate my actions or force me to do anything that i don't want.
price has only been a secondary reason for me and that is not going to change.

I agree. It is not the fast track to become rich but if you leave the market now because you are afraid to take risk on bear time you might regret this. It is the new start on crypto, maybe it is the lower price now which you can take and wait till the worth if profit comes. We cannot predict what will happen after this so better to be ready.

For me I didnt think on quiting bitcoin before I agree that the market is really bad right now but im still hoping that bitcoin will rise again before the end of this year 2018.
To answer the main question here, I think I will quit when BTC value fall down on 2 digits.

I don't quit, and even I will buy more bitcoin especially if the price is down for more because I see a good time to buy more and more and hold it for a while. Maybe he wants to ask about when we need to quit buying bitcoin and take a rest for a while and only watching the market moving fast. I think this time, we can try to buy, hold it, and sell for making a profit and still hold bitcoin for some amount and waiting for the price to increase higher. And if bitcoin price touches less than $3000, then I need to buy again and again because that is my chance to buy bitcoin at the low price.

The lower the bitcoin price goes the more i can buy with my money, there's no more quitting once you get into bitcoin. If by someday someone attacks the network and succeeded, maybe that's the time to evacuate. But I thinks it's still expensive to make and maintain a 51% attack on the bitcoin network.

in this point we can get two possibilities, the first possibility is bitcoin price will go up after getting the price down, or the second possibility is bitcoin will go down and down until it doesn't have any value anymore.we should make a prediction about our choice, are we still believe in bitcoin and hold it or not

i think for now i'm not determining where the stop point is at the price of bitcoin.

bitcoin will develop better in the future, indeed for some people may give up at some point for various reasons. but i think someone has taken advantage of it, i personally will not stop and surrender my shares to them. i will wait until the market returns.

Well there seems to be a consensus here

1.) Nobody is Quitting

2.) BITCOIN is heading to $1k

IMHO Jan/Feb will be ugly, but after that if 'new money' can be found, or there is a war, or some justification for moving into crypto then BTC could maybe head back to $6k, or something like that, hell our 'investors' don't care they just flip the bitch,


Anybody making money 'shorting btc' on the futures market here? Or are the shorts too expensive to buy?

Until all these speculators "GO AWAY", quit I  guess is the word, bitcoin will continue to the roller coaster thing, but eventually it needs to stabilize for a long time near common mean-reversion price that the 'professional market' can understand, the current volatility, is just a sign of infantilism, and for a 10 year old to still be acting like a baby, is a bad sign.

...

The conflict in interest here is fascinating, just yesterday the majority of our HODL'rs were telling others to BUY and now they're saying the concur price is going down, so its sounds like there isn't going to be many buyers stepping forward anytime soon, unless our flock here is going to continue to tell others to BUY into a falling market.

Lastly, the consensus here is "Do as I say, NOT as I do", YOU HODL, I wait for the low entry price. This is exactly what the whales do, they SELL and cash out for real fiat, but tell the little fish to "HODL", then the little fish try to do the same thing with the moron fish.  If you go higher up the HODL food-chain you even find more liars, criminals, & ponzi-scammers.

To be part of the BITCOIN CULT you must really live in cognitive dissonance? Right?

So what is your 'entry target'?

IMHO btc will revert to $1400, but not until next Jan/Feb, like last year last 1/2 of xmas season btc trading seems to slow down, I see a major dump early next year, Then more consolidation above $1k, if that fails then the next floor at $400 will be tested.

That's easy, I think the hard thing for people like you will be at what price do you go in, and at what price do you exit?

BITCOIN is NOT going to go back to $20k any time soon, not for a long-long time, thus say when it goes to $1500 do you buy? Then you HODL and assume it starts climbing back to $6k? Then do you sell or do you HODL and watch it fall back to $1k? Just curious about your 'entry' plan

Note in REAL investing, when people buy into an asset they have a plan, a planned purchase price, and a planned 'take the profit' exit price.

BITCOIN seems to attract this HODL thing that all 'virtual currencys' revert to the moon, and that is insane, cuz the real world don't work that way,

So tell us, oh wise one, now that your wiser, what low entry point are you looking for, and what exit price will you follow up to sell, to take your profit?

That will really affect this market. I dont see myself quitting here, since I trusted Bitcoin due to the fact that I have onced have my own profit here and it really feels amazing when you are able to help your parents and sustain your way of living. I think the current statistics must not be rely on since it was just a turning point for this currency to blow in the upcoming year,we should be just patiently wait for it.

the investors won't just stop because they don't want to lose their money just because the price drops, so they will hold on until the price rises.

even though BTC will drop below 2k I think investors will still hold or buy it back.

I dont have any plan about quiting, im just waiting for the very lower drop point to fill my empty bags, and it must be great if weak hands and most have panic investors dump their very last bitcoin so the price of it will fits to my price budget. I will be more wiser now than before, and dont want to miss the ride again.

Pessimistic comments is a bad response, it can make the market worse. even, I hope that BTC falls to $ 1,000. then,  I can buy again.

investors will not give up, and will always hold their assets, investors understand this bad market is affected by hash battles, and the hash battle will end, then, BTC will create a rising graph.

"Smart" & "INVESTING" & BITCOIN are oxymorons

There is nothing smart about buying bitcoin, it was always a 50/50 bet, a roll of the dice, up or down.

A speculative wager is NOT investing.

QUIT WHAT?

Day-Trading Bitcoin?

Sell-Out and walk away?

Suicide?

You really didn't even define what you mean by 'quit'

I suspect by context you mean, pull-out because of the price drop. I think the HODL morons will stick around well after Bitcoin drops below $400 ( last real solid floor ), the fact is most of these kids have never known anything else, and the lower Bitcoin goes the more likely they can afford to buy it, ...

I never personally saw a 'quit' in Bitcoin, it began in 2009, with engineers mining  on their PC's and then went insane with speculators post 2013, I always saw Bitcoin price collapsing, but even at $1 support level there will by hobbyists who keep mining, because it started as a hobby, and it will end as a hobby.


You speculators, tried to make 'invisible shit' tangible and invaluable, and what you ended up is screwing yourselves, thus you all get what your deserve.

For those of us that came in for the technology, and stick around for the technology, we don't give a rat's ass what the price is,


The real question is the exchanges and infrastructure and criminals and pump&dump whores that have built business models around bitcoin, that's a good question, when do they quit? As now they're bleeding, and truly losing money.

The average 'little guy' owns 0.05BTC, I don't think that guy needs to quit, hell he can HODL all the way to $1, now if he were smart he would have sold that 0.05BTC(@21k USD), and pocketed the cash and quit long ago, but all the morons didn't come to BITCOIN as investors ( classical ) at $1,000, they came as get-rich-quick speculators, and that always ends in disaster.

It depends on each investor. But I believe most of the smart investors are in the market for the long-term so they don't care about the current prices. But even if some give up there'll more investors ready to jump in at the lower prices as it could give them a perfect entry-point to maximize their profits in the long run.

rest assured that the price won't go below 4-digits.

New technology is still into progress blockchain is continue to develop itself
So bitcoin are part of technology people strongly believes bitcoin price not goes into zero value
Price decrease is part of the bitcoin year corrction who's can wait and sacrifice will gonna win later