Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
if it reaches $1000 i will dump 150btc, call it a day and do something else with my life. even if it reaches the sun later, no regrets. ive tried enough
Many people will dump around $1000. That is psychological resistance. See the dumps of 27/11 - 28/11 2013.
It's rather logical. That's why I always put my orders a few dollars before the too round numbers xD
That is why dumps also occur at prices like 950$, 1050$, 1040$.
Yeah xD
And that is why you've got to find the real dumping price and get few cents before/after ^^
Sure, some of you goofballs are going to be attempting to time the market, and believe that you are making a killing when you dump all your coins at $949.83...
But, the smarter ones are going to ride out some of the waves and make sure that they are hanging onto some coins.
Playing all or nothing remains a very risky proposition... surely sometimes you can make out real well, but it is not a very good longer term strategy.. especially regarding bitcoin and its various unexpected exploding outbursts..