Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

$6245 is over $5000 Wink

I think well start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally cheap coin.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...

Hi

I would be interested to know more. Can you tell us whether you have sold some previously since the peak, and your thinking?

Well that's what I did:

Buying from 2 to 9k in 2017. Took small profits in 7k.
Saw it go to 20k and, as a newbie I thought: I will necer be able to buy one BTC again, I will not take profits. My average is about 3800usd.
Holding since then.

I believe that BTC will bounce . I has bounced so many times since 2017, and much more since 2013, 2015 etc etc...

But I am not willing to bet so much money. As this is almost gambling

I thought i was ready to lose that money, but when I got red (especially because of ethereum, average 280 USD) I feel that I can't take another 40% dump which is very likely now.

Ethereum is in a bad shape now. Casper is delayed and ICOs are fuked. This affects yhe whole market, even BTC imo...

I am about to sell my ethereum which is like 30% of initial investment.

I am thinking about selling btc too, at least some and try to buy back at lower price (I am so bad at this)

When I sell the chances are that we are going to have a big bounce, so I will tell everyone first so you can make some money lol..

What are yours thinking?

Ultimately you have to decide for yourself.

It seems a bit of a deviation from good practice to sell on the way down, although I am not opposed to such in Ethereum because I have almost no good thoughts about ethereum beyond that it is a platform for scams, a distraction from bitcoin and even a misleading attempt to pose as sound money (when it is none of that). BTC's value comes from it's soundness in money, so best case would be to continue to buy on the way down or at least just keep dollar cost averaging, otherwise just HODL and save money for dips (if they come), and third preference would be to sell a tiny bit of BTC (just for comfort and insurance to be able to use that money to buy back, if such further dip happens and be willing to lock into that decision with a down buy back plan that makes you comfortable and not to use that money for buying back in other circumstances unless a considerable change in the market happens, which could take several months or even a year to play out).