Quote from: adaseb on January 19, 2018, 01:18:30 AM

Quote from: GinooHazel on January 17, 2018, 04:12:15 PM

I sold my 7 Bitcoins for $11400 a few hours ago.
I will buy back when Bitcoin reaches $8000.

Then I will have more Bitcoin than before.
This is the best solution.

Many have tried this before.

They sold at $3K, wanted to buy back at $1K and instead bought at $20K.

What will do you when it doesn't reach $8K ?

Obviously, most people think about it, hoping for the price to fall down through the floor of $9500.
But, it's too late in my opinion, the best time to sell when bitcoin at $17,000 a few days ago, or at least at $14,000.
Sold bitcoin at $11,400 and buy back at $8000 (if it really happens) isn't so profitable unless you have a lot of bitcoin.
Let's calculate if you have BTC1, sell at $11,4K waiting for the price decline to $8000, which mean you can buy back BTC1 but can generate $3,400. But how if bitcoin will stay above $10,000? Instead, it will recover to $13K? Honestly, I doubt bitcoin will fall below $10K again, because the storm has passed now. What makes bitcoin price corrected is bitcoin futures contract holders who dump bitcoin in order to get profit from their contracts. They just using South Korea fud news to influence people to panic sell, that was a perfect moment to make it happen. Discount time is over for now.