Quote from: rpietila on July 12, 2015, 01:18:41 PM

I have the feeling that the uptrend is slowly getting started. My hunch is that there is a good chance that this one will carry us to quite high values.

Caveats:
- I think it will be slow. Much slower than the culmination of the 2013 uptrend(s). If we put this in perspective of the time after the 2011 peak and downtrend, we are now emerging from the "$5 plateau", with perhaps a year more before hitting even the old ATH.
- The banksters are getting Bitcoin in their grip. The combination of extensive controls, AML/KYC, exchange failures, shorting, etc. means that no honest person has much business trying to affect the price. It will go where they want it to go, within bounds of course. They have managed it to stay low for this long, but cannot do it indefinitely
- Selling will be difficult, because at the apex of the bubble, ordinary old guard people will have million$ worth of BTC, and it's even possible that special taxes will be enacted by govts to capture most of the value from recorded sales (selling such amounts off-record and buying anything with the proceeds off-record is an activity not reserved for honest people in our current system).
- Because of the high cost of selling, not much coin will enter the market quickly enough, making the peak quite steep, as the previous peaks also have been. When the price doubles in a week, it's time to exit, and better have thought the way to do it in advance.

I would abstain from selling now, except for immediate cash flow needs. It is more likely that every month from now the price is higher, so delaying is advantageous. When the old ATH is broken, things get interesting. My sell zone starts from $3000 as I have said many times starting from more than a year ago

What do you think are the best ways to do so for us common mortals (ie non-whales)?

I get nervous just thinking about thw new ath because I have no idea how I would proceed!