Sell BTC now?
6 years ago in #bitcoin by knircky (72)
$43.13
- Past Payouts $43.13
- - Author $34.31
- - Curators $8.82
56 votes
- lordoftruth: $8.07
- knircky: $7.98
- famunger: $7.67
- kommienezuspadt: $5.94
- teamsteem: $2.32
- laurabanfield: $2.17
- dan-atstarlite: $1.66
- justtryme90: $1.46
- midnas-howler: $1.09
- bubke: $1.02
- andyjaypowell: $0.77
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- ew-and-patterns: $0.24
- masterofcoin: $0.08
- lovemetouchme2: $0.07
- maxinpower: $0.07
- and 36 more
I got off the train at $9k. Today I sold some alts to BTC and then to cash at $11150. Thank you BTC for paying for my expenses for the next 3 months.
Sweet!
The thing with bitcoin is its not like stocks you seriously can not put those old rules and tactics from a stock into bitcoin it does not work. If anything we are going to see a balancing some sell off and then back up within the $500 range till we hit Dec 11th after that time frame money is going to be flowing into bitcoin from stocks and come 2018 things are going to blow the freak up.
Now of course there will be pull backs there has to be. However these pull backs are super quick and the reason is bitcoin markets are up 24/7 unlike stocks where you are limited on your trading window.
I completely agree. This is an entire new asset class and applying standard finance strategies will make you miss out.
If BTC does sell off here, do you think Alts will too? How about Bitcoin Cash?
Most of the time the market moves in sync. I doubt that btc can crash and alts rally.
Bitcoin might still continue to go up for a while, even if a major correction is to happen next. But to invest in it now seems like a very risky thing to do. Technically it doesn't have the qualities to sustain in the future. Waste of energy, high fees, high volatility, long transaction times... Should I go on? It's only due to its name that has kept it up so long in the first place.
I agree with your sentiment, but I also think you underestimate its value and potential.
I don't think any of the issues you outlined cannot be solved are nor self made.
Now is definitily a good time to sell, the prices need a correction after this big Run up, but we never know what to predict with Bitcoin. My suggestion is to take some profits and gold some
Thanks for sharing
Vielen Dank für den Bericht.
Das, was Du schreibst, deckt sich weitesgehend mit dem, was ich von vielen Seiten aufgeschnappt habe.
Ich bin kein Trader, habe aber ein paar meiner bescheidenen Gewinne mitgenommen und verharre nun in Lauerposition an der Seitenlinie.
Wer weiß, vielleicht ist ja das Anfängerglück auf meiner Seite...? ;-)
Thank you for the report.
What you write, coincides largely with what I have picked up from many sides.
I'm not a trader, but I've taken some of my modest winnings and are now lurking on the sideline.
Who knows, maybe the beginner's luck is on my side..? ;-)
Du siehst, @knircky und ich sind derselben Meinung. UNd was ist, wenn der Zug nun ohne dich weiterfährt?
Es gab viele Leute, die haben bei 1000 gekauft und bei 2000 verkauft. Und nun sind sie draußen.
Dann werde ich Lehrgeld zahlen und zu höheren Preisen wieder einsteigen müssen.
Ich werde aber nicht der einzige sein, dem das dann so ergeht (was die Sache natürlich nicht besser macht). ;-) Ich habe ja zudem "nur" ein paar bescheidene Gewinne mitgenomen und bin NICHT komplett aus der Kryptowelt ausgestiegen.
Ich glaube es kommt auch immer auf das ziel und persönliche Strategie an. Ich persönlich bin sehr aggressiv und möchte vor allem nicht potentiellen wert missen, gehe aber sehr hohes Risiko ein damit.
Die meisten Menschen sind nicht so risikofreudig und eine Strategie mit Gewinnmitnahmen ist dann passender.
Ich würde wenn Du verkaufst eben eine gezielten Neueinstige planen.
Wenn man wie hier angedachten z.b. shorted müsste man sich vorher überlegen wann man den closed oder nachkauft.
Nach der Strategie from Tone könnte man Dienstag dann eben wieder einsteigen wenn der Kurz über dem vom Sonntag liegt.
Ich glaube an einen weiteren "Aufstieg " diverser Kryptowährungen. Bislang war ich eher in andere Assets investiert und nutze nun Kryptos zur Diversifikation.
Ich hatte mir fest vorgenommen, bei einem Erreichen des Kursziels von 10k Dollar für 1 BTC, einen Teil als Gewinn erst mal zu sichern.
Leider hatte ich ähnliche Aktionen bei Rohstoffaktieninvestments damals verpasst und wollte diesen Fehler nun nicht wiedeholen. Möglicherweise liege ich nun einmal mehr falsch. ;-)
Auf jeden Fall gedenke ich definitv Einstiegsgelegenheiten zu finden und zu nutzen.
Naja, du hast nun ja gewinn gemacht. Also ist das erstmal ein win. Und du bist im markt also nimmst du auch weiter mit.
Die Frage bei solcchen zielen ist immer, wie bist du auf das 10k ziel gekommen?
Ich finde es ist wichtig eine strat zu haben gewinne zu realiesieren. Aber diese ziele muessen auch passen.
Ich z.b habe diese jahr ETH bei 70 verkauft. Einfach weil ich die zahl so schoen und koennte mir gar nicht vorstellen auf einmal so recih zu sein. So habe ich dann eben etwas gewinn eingestrichen. Das war aber uberhaupt keine strategie und hatte nix mit dem markt zu tun.
Das war ein riesen fehler von mir und war emotional und hat mich riesig kohle gekostet. Ich haette um gewinn zu realisieren schon verkaufen koennen aber dann eben mit einer strat warum ich meine das 70 ein top war und was ich tue wenn ich falsch liege. Aber das hatte ich nicht. Und das war eben der fehler.
Ja, ich kann Dir glaube ich folgen. Ich hatte mir die 10k als Zielmarke gesetzt, weil ich davon ausging, daß es viele so tun würden (wie u.a. auch G. Mannarino), und daß dies der Punkt sein könnte, wo wir einen Rücksetzer sehen könnten. Bislang lag ich definitiv daneben mit dieser Einschätzung - da will ich nichts beschönigen.
Glücklicherweise habe ich einen Teil meiner sowieso bescheidenen Gewinnmitnahmen nicht in FIAT Money, sondern in Steem gesichert. Wenigstens war das - Stand heute - nicht ganz so schlecht.
I cant disagree with anything you said.
I, too, am thinking of lightening up a bit. My reasoning is not so much I fear a pullback in BTC...we have them often. It is that I think STEEM and BTS offer a great multiple for 2018 than BTC does.
But this is an interesting post from a guy who tends to have his finger on the bitcoin pulse.
Thank you very much! I also think that steem has potential. More potential i think has EOS, which is just starting to rally. I am actually worried about EOS being underrepresented in my portfolio.
Outstanding post! As I look at the price development of BTC every day since many years, I can share all your arguments. At the moment, all patterns and all reasonable facts cry for a distinctive correction. But - what if the Bitcoin itself doesnt know this??
I am entirey convinced that 100.000 will be reached in 2021 or even earlier. So why should I sell now and take the risk to miss the bus?
=> Never never sell your precious coins before you can efford yourself a house or a yacht!!!!!
that's it exactly.
It seems the easiest and safest start is to just load up as much as possible.
Hay as all that you had discussed here may make sense if I am a trader, but well if I am here not just for profit but for investing in market . Then it would be good for me stay in the bitcoin.
i think so
Welcome for your aggree
you should pull back some of your capital.
As someone who has sold BTC several times in the way up this bull run and only a couple of times successfully bought back in so my total BTC holding are less than half what they were 12 months ago I am in the HODL camp.
yea this is exactly the issue with selling.
This is a great opportunity, but it's a little gambling. If we look at longer tracks then it's good to keep Bitcoin. Thanks for Huge support @knircky
good information,
so we are not wrong in choosing the order.
I agree. I did take some btc profits at 10,000 which was part of my long term plan but I’m not going to make any trading moves beyond that. Tone’s indicator is often right so it’s tempting to try to increase my possition with a swing trade but I’m not going to... I’ve tried that before and it’s not worth the stress, especially when, as you said, it also looks like we’re breaking out. Either way, I figure btc has a good chance of being $100,000+ by 2020.... so I’m just gonna hold till then.
its also often not right. trading is very hard
Yes, I'm just holding what I have as this isn't a clear time to add, but also I want to have a core long-term position.
LTC and ETH gave better buy entries on the pullbacks this week.
yep. 400 eth price was a great entry.
BTCs growth has been wild this year, and for those of us who have been around for a long time it sort of feels like it's about damn time. I haven't a clue what the top of the current hype cycle will be, based anecdotally on conversations I have with "regular people" it seems like most are just hearing about this for the first time. That alone indicates we are in the middle of the run as you said. However the frequent news coverage about Bitcoin being a "new paradigm" (which it is) is an indicator that we are toward the end of this hype cycle (the media is always late to the party).
I just keep on holding what I got, no trade but hope for the way up long-term, would make me happy enough already :-)
me 2 my friend!
I sold mine and bought steem with it. I think steem is also on the way up although I don't think Bitcoin is nearly finished climbing either.
I kind of agree with some of your points.
There has been quite some momentum behind Recent BTC rise and as you said we broke out of the upper channel. And it is end-of-the-year time, which may help to go even a little further.
Also the news around BTC are quite positive, lots of echo in the media and the announcement of BTC futures at Nasdaq might fuel us too.
But let's always be aware of the possibility of a big readjustment.
yes, absolutely. the crash is certain to come. but like u said, i just don't think we are there just yet.
P.S. You forgot to deactivate the 100% payout option :-)
how annoying is that! i hope SBD comes down in a week.
fuck!
@knircky, what do you think of what is written in the following post? It has a very scary aspect but i don't think it is fully right... Would love to hear your thoughts on this...
https://steemit.com/bitshares/@docmastery/bitcoin-a-ticking-time-bomb
I don't trust tether but have not seen any evidence of fraud. Yes there is no legal backing, but before we can make accusation we need proof of lacking reserve.
I see plenty other reasons and cause that drive this bubble i think this is fud.
But i would not hold tether, she is right that bitUSD or SBD is much safer peg. The biggest issues is that tether can easily be used to launder or use USD without regulation, i am sure authorities hate this and are looking to confiscate this money that is backing tether. I am sure that is the reason for the legal fineprint. If the money is seized than its just gone tether can shut down and it's over. If they had to pay holders than they would have a huge issue.
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