Quote from: delliaerd on February 24, 2017, 07:40:24 AM

Quote from: kumax on February 23, 2017, 11:33:06 AM

Quote from: fright on February 22, 2017, 03:28:33 PM

I was new to BTC trading and made a mistake in January, so sold my few bitcoins for 800$, now i just want an opportunity to buy it back and hold for long.
Can we expect a correction to less than 1k$ in near weeeks, months?

Ouch, typical panic sell.. Grin

How could you do it after you saw that btc was over $1100 already in January and everyone predicted it will come back above $1000 within month or two? (I know, it's easy to be smart ass after "the battle" Cheesy

)
Honestly, I think there may be some correction back to $1000 in a near furute, but I don't believe it would come back to $800.

Now bitcoin about $ 1200 dollar, and i think that number will not stay too long. When panic selling happen like last month you should as soon as possible to cut your loss. Actually cut loss is not really loss your money, otherwise it will minimize your loss. After cutting loss buy back at stable level that potentially the price go up again soon.

Every well instructed trader secures profits at these prices and is well prepared to buy back in case the price happens to go down. Good thing is that people are willing to hold their coins even at current levels. It shows how good the sentiment is among people in the market. People are afraid of selling too many coins as they will then risk seeing the price go up while they sold before that. #HODL!