Quote from: TheUltraElite on February 26, 2017, 07:21:45 AM

Quote from: Atmelin on February 25, 2017, 08:37:24 AM

Quote from: TheUltraElite on February 25, 2017, 07:59:34 AM

Most of us are hoping to see big rises in bitcoin prices in the next few months and years maybe upto 1500$+. It may take some time and maybe associated with dips in prices as well. But then I am also hoping prices to reach such amounts and hoping to sell much of my coins then. It will be a big profit then. Otherwise I will just hold the coins and sell at other prices when targets reach.

It might take a few months to achieve $1500. There will be dips, not worry.

I am ready for dips. In fact I hope prices dip upto 300$ so I can buy more again. I am a very patient type of trader enough to hold coins upto a decade.
I never panic on the field or get tensed specially since its bitcoin.

Selling everything is never my thing again. In that case its difficult to get back into the business. One thing I do often is sell smaller parts of it to book profits and then bank that. Maybe reinvest it later on as well.

I think if the price dropped from the $1200 range to $300, many people would be wondering about the future of Bitcoin, not backing up the truck to load up on a coin whose future is suddenly in doubt. A 75% decline would cause panic. I think people talking about how much they would buy if it dropped to $300 take for granted that it will automatically rise again in the future. Nothing works that way. There are no guarantees. If the price dropped so severely, it is probably because the future outlook has been greatly diminished.