Quote from: JayJuanGee on April 08, 2014, 06:43:02 AM

Quote from: shmadz on April 08, 2014, 05:30:57 AM

Quote from: JayJuanGee on April 08, 2014, 05:18:44 AM

Quote from: shmadz on April 08, 2014, 04:47:26 AM

Quote from: JayJuanGee on April 08, 2014, 04:41:24 AM

who would have even guessed that we may be floating in the mid-$450s price territory for so long.

I know this one guy....

Quote from: masterluc on December 17, 2013, 02:41:03 AM

No legit target during few years. Fuck it, I go away.

I think that it is a different story if an investor was in a position to cash out part of his stash in December 2013.. or had been analyzing what to do during that period mid-to-late 2013 period. So for example if anyone got into BTC in any kind of heavy way before mid-October 2013, the quick bubble may have likely caused a considerable incentive to cash out part of the appreciation - yet many may have just remained "in for the long term."

Surely the January, February and March performance seemed to draw considerations that BTC prices would remain at higher than $450s resting price points. Of course, hindsight is 20/20, but a very large majority of those would have pegged a much higher resting point than our current mid$400s.

And, i suppose, I could be just inviting some bears to chime in to say, I told you so regarding this current mid$400s price range....

As I already stated, I doubt that we are going to be hanging around here for too long.. and probably a bit higher would be more in line with current fundamentals or at least the probability of going up seems greater than going down.. despite current low volume..

Also, even though we know that graphs can be constructed to show that $450-ish is a good stable price point, i think that BTC prices are a considerable bargain at the moment and I am sure that quite a bit.. little by little is being snatched up at these price points by the future elite (to coin a phrase from another bitcointalk thread)

I think that 450 is a nice price point and I have bought there on the last 2 dips; this one, I am sitting out.

the point I'd really like to address is the part I bolded: I don't think there are many savvy traders that have remained "in for the long term" when we've lost 50% in what? 2-3 months?

I get the feeling that the next bump will be big, and I think many of those that sold at $1000+ were people that bought much lower, and they remember the ride, and would like to do it again.

just don't forget to take profits when the price goes in your favour.

:edit: "taking profit" is a term I used for NFL betting, that's where I learned to trade. and when you're up, you better take some profits off the table, or you will lose it all. (you can consider "profit" as either extra fiat for hookers and blow, or skimming extra bitcoin and saving it for a rainy day Wink

I agree with you completely about the need to skim profits in accordance with whatever scheme is comfortable for the investor. My skimming will probably be in the form of reallocation of my total investment portfolio.. especially if there are gains in one area, as compared with another).. So for example, if I had been into BTC in early 2013, then ended up realizing an unexpected 10 times gain, that may have likely triggered me to reallocate the gains into other areas.. .or maybe engaging in some consumption, as you mentioned.

My perspective remains somewhat skewed by the fact that I began investing in BTC in late November 2013. Accordingly, my BTC portfolio remains in the red, even though I have been buying BTC as the price goes down in order to bring down my average price per BTC - which currently is around $640 - though I started at $1,200.

When I got into BTC, I realized that there had been a recent and stupendous bull run, so that caused me to plan out my investment over the next several months... rather than sinking in a lump-sum at that particular moment. Surely, in retrospect, there are probably ways that I could have played trades (or made my buys) in ways that would have caused even a lower average price per BTC.

At the time that I first got into BTC, I was also thinking that my BTC investment would likely run for at least 2 years, absent some catastrophic occurrence that may undermine the fundamentals of BTC with part of my motivation to diversify away from the dollar, since the remainder of my investments (which is a much larger proportion) are tied into the performance of the dollar. I am sure that many of us in the bitcoin sphere realize the amazingly high level of printing press matters going on with the dollar and also some of the threats of US government shut downs, and those seemingly irresponsible governmental behaviors have caused me considerable concerns about having so much of my total investment dependent upon the ongoing value of the dollar - especially when I am also planning overseas travel.

So,yes, I do NOT have any major problem with floating around in the $450 range for a while - even though it would be a bit more comfortable floating in the black rather than in the red... but I have already banked on the possibility that my total BTC investment could go belly up.. so the worse case scenario would be if it kept going down and sucking out my money.... which I really doubt will occur based on the totality of what is going on with bitcoin and there continue to be lots of interesting value adding developments in the bitcoin sphere.

Unfortunately, I do NOT have any advice for you, JJG. Wink

hehehe!! no? not funny? oh well Sad

this is why I don't do sales.

I can't lie very well, I can't tell you the future, I can't tell you that as long as you hold on to those $1,200 coins for at least a year, then you'll be just fine.

I actually shouldn't even be speaking right now, but I feel a compulsive urge to be involved in this thing somehow, and perhaps this is just my way of acting out, thowing a tantrum and all that.

I've always had the feeling that I would be involved in something great. maybe it's just a dream, a dream that everyone shares?
as far as price action? that is for traders, if you want to be a trader, then you can.

personally I think we are approaching some interesting times and I'm not very excited about some of the possible outcomes.