Whats your crash-comming-panic-sell number? - page 2.

SuperHakka

full member

Activity: 196

Merit: 100

Quote from: Cryddit on November 18, 2013, 07:17:37 PM

Rather than preparing to sell, however, I'm just going to hold on, in the expectation that in a year or two there will be a higher peak, and by that time my preparations to cash out without owing taxes will be ready to go. Grin

I learnt something in trading school long time ago and that is: never base a trading decision on tax merits. ooh arr!! good luck.

eindbaas

member

Activity: 70

Merit: 10

umad?

sold 75% , i'm gonna rest in my bear hole tille the storm is over.
(bought at 200-350 dollars)

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: SuperHakka on November 18, 2013, 07:04:23 PM

i know what happen. the price is going to drop 50% when everyone in Western world is sleeping. they wake up and price is $400, ooh arr?! Then the real dumping begins...

so you sold at ... 380 ?

good luck, mate

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Cryddit on November 18, 2013, 07:17:37 PM

I'm expecting the current silliness to peak around $1000 and crash back to about $500.

Rather than preparing to sell, however, I'm just going to hold on, in the expectation that in a year or two there will be a higher peak, and by that time my preparations to cash out without owing taxes will be ready to go. Grin

It is stunning however, to watch something I picked up for $400 as a "whimsical long-shot entertaining" kind of investment having day-to-day swings the size of my house mortgage. And you know what, it isn't a cheap house. Shocked

Then your investment in Bitcoins isn't small either

Cryddit

legendary

Activity: 924

Merit: 1132

I'm expecting the current silliness to peak around $1000 and crash back to about $500.

Rather than preparing to sell, however, I'm just going to hold on, in the expectation that in a year or two there will be a higher peak, and by that time my preparations to cash out without owing taxes will be ready to go. Grin

It is stunning however, to watch something I picked up for $400 as a "whimsical long-shot entertaining" kind of investment having day-to-day swings the size of my house mortgage. And you know what, it isn't a cheap house. Shocked

bitcoin carpenter

legendary

Activity: 1582

Merit: 1001

I plan to sell enough to cover my initial investment at 1200
I'll throw 50% of what remains into cavirtex and cbc and hope for some dividends over time while keeping the rest to play this most enjoyable of endeavors.... guessing the trends

spndr7

legendary

Activity: 1020

Merit: 1000

After some calculations, panic sell number is 675 USD/BTC, if LTC price stays below 9 USD/LTC.

As litecoin crashed to 1 USD/LTC and bitcoin crashed to about 75 USD/btc.There has been 9 times increase in LTC price and the same has happened to bitcoin.

Already the highest is achieved that is 676 may be crash may happen any time.

SuperHakka

full member

Activity: 196

Merit: 100

i know what happen. the price is going to drop 50% when everyone in Western world is sleeping. they wake up and price is $400, ooh arr?! Then the real dumping begins...

sStC9

newbie

Activity: 14

Merit: 0

Quote from: BittBurger on November 18, 2013, 06:00:19 PM

Quote from: Sage on November 18, 2013, 05:51:31 PM

You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.

Can you rewrite all of this in normal english, since most of us aren't stock market junkies?

Then when you finish that, reassure me that you're not trying to compare bitcoin to stocks again ... because you're wasting your time.

The rules don't apply.

They have, and will always apply, even to bitcoin. I promise you that we will have a big correction any time soon. It always happens. But with the numbers so high right now, we might be tanking over this correction. People tend to get nervous when we're up in these numbers.

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: nikanon on November 18, 2013, 06:09:35 PM

Quote from: Bitcopia on November 18, 2013, 06:05:25 PM

Quote from: Sage on November 18, 2013, 05:51:31 PM

You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.

Is there an exchange with a stop-loss feature or are you using a bot? Would LOVE to use a stop loss so I can stop checking price every 5 minutes.

Campbx..

Stop-loss feature is still not enabled on CBX... Undecided

Sage

hero member

Activity: 632

Merit: 500

Quote from: BittBurger on November 18, 2013, 06:00:19 PM

Quote from: Sage on November 18, 2013, 05:51:31 PM

You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.

Can you rewrite all of this in normal english, since most of us aren't stock market junkies?

Then when you finish that, reassure me that you're not trying to compare bitcoin to stocks again ... because you're wasting your time.

The rules don't apply.

Good lord... look at a Bitcoin chart. Show me anywhere on that chart that doesn't perfectly match the common stock or commodity cycles.

The only difference is the cycles are far shorter with crypto currencies.

We are in the distribution phase of this cycle. It cannot keep this momentum much longer without at least doing a 50% correction. Only question is just how high does China push it. I suspect we'll all be suprised.

...The rules most definitely apply!

nikanon

newbie

Activity: 12

Merit: 0

Quote from: Bitcopia on November 18, 2013, 06:05:25 PM

Quote from: Sage on November 18, 2013, 05:51:31 PM

You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.

Is there an exchange with a stop-loss feature or are you using a bot? Would LOVE to use a stop loss so I can stop checking price every 5 minutes.

Campbx..

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: Sage on November 18, 2013, 05:51:31 PM

You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.

Is there an exchange with a stop-loss feature or are you using a bot? Would LOVE to use a stop loss so I can stop checking price every 5 minutes.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: AndrewWilliams on November 18, 2013, 06:03:27 PM

You guys all realize that by the time BTC hits $2,000 it will be an accepted form of payment in most places, right?

Tomorrow?

AndrewWilliams

full member

Activity: 182

Merit: 100

Fourth richest fictional character

You guys all realize that by the time BTC hits $2,000 it will be an accepted form of payment in most places, right?

mootinator

sr. member

Activity: 274

Merit: 250

Quote from: 600watt on November 18, 2013, 05:58:09 PM

Quote from: Elwar on November 18, 2013, 02:09:16 PM

What is this "sell"?

Seriously though, my mortgage is about $150k. I will sell one bitcoin when it gets that high since my mortgage company already told me they will not take Bitcoin.

epic

Heh. Corporate minds have a way of changing.

freethink2013

full member

Activity: 224

Merit: 100

We're going to have a crash but I feel it's a crash on the way to 10k so I'm not going to panic

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: Sage on November 18, 2013, 05:51:31 PM

You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.

Can you rewrite all of this in normal english, since most of us aren't stock market junkies?

Then when you finish that, reassure me that you're not trying to compare bitcoin to stocks again ... because you're wasting your time.

The rules don't apply.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: Elwar on November 18, 2013, 02:09:16 PM

What is this "sell"?

Seriously though, my mortgage is about $150k. I will sell one bitcoin when it gets that high since my mortgage company already told me they will not take Bitcoin.

epic

Sage

hero member

Activity: 632

Merit: 500

You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.

Topic: Whats your crash-comming-panic-sell number? - page 2. (Read 4037 times)