Re: Honeymoon savings... hold or sell?

I made the decision in January to save for my (end of September) honeymoon in bitcoin. In the last few months, I'm getting slaughtered. I've held strong and not sold a bitcent that wasn't required. It's getting close enough (2 weeks), that I'm starting to worry...

So, the question is... sell now, or sell in two weeks?

I do not envy anybody in this situation. Honestly, you've taken pretty close to the full brunt of the downturn at this point. I imagine we'll see somewhere around $340 to $350 following a flash crash... then we'll jump up. But, that's tempting fate. I really have to believe that there is a better reentry point.

So, what am I saying? You can hold and you'll probably see $450 range, again... maybe even $500s (higher than that is really questionable at this point). That said, there probably will be a better reentry point. You have to ask yourself whether you are good enough with TA to time and price that point.

Sorry for your loss, brother.

Thank you. I sold this morning at $398. That hurt. I lost about 40% of what I saved. I sold because it was the low end of what I estimated I could do the trip for. I started saving in January. Bought from $850 all the way down. I knew this was a risk. One of the major reasons I did it was because I knew it would be harder to touch the money for bills and whatever, if it was in BTC. After panic selling 1/3rd of my btc during the crash of 2013, I know better than to sell, ever.

Regardless, we'll still have a hell of a time. Just have to be a little conscientious of costs.

In the end, it's just money. Most of us never have much of that, anyways. This really is an incredible game for losing money, isn't it? Even the folks shorting (I count myself in those ranks) have found a way to lose money throughout on jumps up and down.

Enjoy the honeymoon. That's what really matters. Love, who you have around you, and the time you get to spend. Money comes and goes... that's what it does. She's lucky to have you.

Cheers!