Quote from: ArnoldChippy on May 25, 2017, 10:49:06 PM

Quote from: Fireblade on May 25, 2017, 10:07:25 PM

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Quote from: batang_bitcoin on May 25, 2017, 03:00:27 AM

Quote from: bitcoinboi on May 24, 2017, 11:58:39 PM

I think I will probably sell at 3000. I think its a very rational price and there is going to be a lot of profit taking. will be looking to re-enter on the drawback.

You sure that you will sell at $3,000? I'm setting my goal now that I'm going to sell maybe 50% of my bitcoin at $10,000 and will let the remaining one to keep on staying on my wallets. But if the price of bitcoin will be good at $2,000 and this is it's new floor price, I'll be happy to see the price of bitcoin be stable at that moment.

Easier than done, normally we don't sell when we feel there is more to come, that's how human is, we are greedy.
Even in my cash I would not sell that amount when the price is rising because I do not want to miss the opportunity to make good profit.

and specially in present time, where there such an uncertainty in the price of bitcoin. some time the price start increasing and we decide to wait for some more time as people are still expecting that the price will continue increasing for some more time therefore it will be better to wait for some more time. but when the price start taking correction and start decreasing then we try to sell bitcoin as we are also expecting panic selling, because we have better experience of panic selling in past.

i do not think that there is any uncertainty. i think people are very clear that the price of bitcoin will continue increasing, although the price of bitcoin can take some correction but we cannot take it as panic selling. it is expected that the price of bitcoin is going to reach to 5000 USD level very soon. therefore no one is ready to sell bitcoin and will continue holding bitcoin tell the price reach to such a high price.

I am seeing that people are selling panic but they will regret in the future as not everyone is selling and the price of it will once again start to reach to $2700 and those who will not sell will be very happy because the price will make them earn more money. Now the time of buying is started and we have to buy as much as possible.