Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitserve
on 04/05/2017, 14:09:53 UTC
I've got a good sized stash of coins that I keep in cold storage, been buying & HODLING for years. I'm happy with my stash & plan to HODL for a good few years yet.

Would love to buy another 10-15 coins though but feels too much of a risk at these prices. Is anybody considering buying more at these prices? When I say more I don't mean 1 or 2.

Don't think I'm going to buy any more unless we go back to around $1000. Seems stupid saying that because I'm pretty sure we'll see $5000 in a couple of years.

Thoughts?

It all depends on your particular situation. For someone buying 10-15BTC could mean more than doubling their current stash, and for them that could be a risky investment to do while at ATH. I would at least wait for some dip/correction or do it gradually. Also, for someone that already have 1000+ BTC buying 10-15 would not change much....

If you were SURE that BTC will be $5000 in a couple of years, obviously you should buy as much as you could afford... But you are not really SURE, noone is. And even if you could somehow be absolutely SURE, you could still think that a correction could lower the price from what it is now... and buy there.

That said, yes, I consider buying some more, the same as I do consider selling some depending on the situation. I have my long term stash that I don't plan to touch in years, and a 20-40% that I trade regularly to keep increasing my main stash. I also sometimes add some fiats funds to my trading stash when I feel like and regularly keep moving profits to my long term stash.

I have never transferred any FIAT back so I would say I am still buying and have no plans to stop yet. But my new deposits are gradually being less and less in comparison to my ever increasing stash value.

In the end of the day, you are on your own.