Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 17/08/2017, 09:34:28 UTC
Quote from: sgk on August 17, 2017, 08:18:40 AM
Quote from: JayJuanGee on August 17, 2017, 08:01:24 AM
Quote from: sgk on August 17, 2017, 07:28:45 AM

On topic: Not sure if I need to buy or sell. I'm hoping for a dip before 22nd which tempts me to do a short but I'm scared if I could get rekt.

You seem to be gambling way too much with your crypto, if you are cutting your cashflow with those kinds of tight timelines.

It seems to me that guys need to have a pretty solid idea of their cashflow and attempt to have it figured out for 6 months. 

Of course there are going to be crunch periods, but in a crunch period, your cashflow should not depend on the performance of BTC.

Accordingly, in the past 2 years, we have had more than 16x price appreciation.

And from the beginning of the year we have had more than 4x price appreciation.

I think that the point that I am getting at is that these kinds of price appreciations should allow enough accumulation of bitcoin's and cash (especially cash, because we are at an upwards point right now)...

anyhow sounds like you are overinvested and you need to sell a little bit so that you do not stress about it so much, and if it goes up sell a little more... if it goes down, buy... and everything will work out fine. Cheesy Cheesy

Thanks for your advice, I appreciate the opinions provided.

I wouldn't say I am overinvested, I have fair balance between crypto and cash. After some thinking I am deciding to HODL instead, as always! In fact I haven't touched my paper wallets from 2013 and haven't even cashed out those BitCH coins. I am very patient that way  Grin

I understand that sometimes guys will just post a question about should I sell or should I buy because there are various uncertainties in the market... and if we are human, we cannot help but to go through these phases of uncertainties.. especially when the price is moving a lot... and we feel that it could reverse at any time, and even though the current momentum is up.

When we have a consolidation period, though, like we had in the past several days, that should have been a little bit of an opportunity to get our bearings back, so then at that point, we are again ready for either price direction.... because we do not know which way the price is going to go - even though currently, the price pressures are up.