Hi All,
I sold some days ago at 48.5 raking a good profit and posted about it. This post is to let you know I'm back in. I placed a semi-stink bid which got executed after being surprised by how the bitcoin price recovered fro the plunge. If the 50 resistance is broken, I have no bloody idea where this is going but seems like the bubble has a very good run ahead. But one thing is for sure, if the 50 resistance is broken, price will go vertical and be awash with volatility.
However, I have decreased my bitcoin exposition to just 25% of what I had before. And purchased cheper =P
PS: Rumor as reached my ears that bankinter bank is creating a product based on bitcoin.
Yeah, I sold some coins at the previous top and rebought some of them during the subsequent dip, but I am impressed by the rebounce as well. I am finding it hard to adhere to my long-term strategy of selling little bits now and then along the way up, just because it looks so darn bullish (despite the crazy bubblespeed appreciation).
yes you are right. consider in my case I have 1000 btc if i sell now i get 48000 $ but when 60$/btc reaches i will have lost 12000 $ that is bad. so its better i hold to make huge profit not sell at the wrong time and lose much money because rising price of bitcoin in the future (this is logistically speaking)