Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BTCMILLIONAIRE
on 17/01/2018, 15:50:13 UTC
Quote from: Elix9 on January 17, 2018, 03:42:48 PM
Quote from: 1982dre on January 17, 2018, 03:40:56 PM
Quote from: Elix9 on January 17, 2018, 03:37:33 PM
Quote from: LFC_Bitcoin on January 17, 2018, 03:36:27 PM
I’m eating a late lunch, sipping champagne & even I will admit this is fucking terrible. I won’t be able to retire for at least another two or three years at this rate.

Let me stress to all those panicking though - You haven’t lost anything if you don’t sell - 1 bitcoin is still 1 bitcoin. HODL & you will be greatly rewarded after the next halving.

Why HODL if you can sell and re-enter at a better price?

I tried that before and every time after i sold some, the price started rising.   Huh

HODL makes sense for small corrections, but something like this - should have gotten out yesterday and look for a place to re-enter. There's plenty of room for margin of error.
You never know when there's going to be a small correction or "something like this". And taxes are a very real and substantial cost in most countries. If you flunk your exit and re-entry you'll end up losing more in tax than you would've earned with the short.