Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
gandhibt
on 24/11/2013, 13:55:24 UTC
Quote
$350 is cheap, it is the ATH from 15 days ago Wink

$500 is a reasonable level to start buyback.

so you're buying back in now?

Now, meaning 'at the moment', I am not buying back in. The price is above $500. My average sale price is $672 and I am not a daytrader. It has to go down a lot before I care to buy back.

Now, meaning 'whether I changed the strategy concerning what to do', the answer is: strategy stays the same until something new happens. Just that price follows some of my old scenarios (goes up, down, or stays put) is not considered 'new'. I don't think I will ever buy bitcoins above $500. If it goes to the moon, my next problem will be when and how much to sell more, as my bitcoins are worth $100M and the rest of my wealth is just a few million$.

I should really post my wisdom concerning position management, because so many are clueless about it.

my words were sarcastic Smiley