Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 31/10/2014, 19:42:58 UTC
Quote from: BitAddict on October 31, 2014, 06:50:31 PM
Quote from: BitChick on October 31, 2014, 06:41:41 PM
Quote from: seleme on October 31, 2014, 06:18:11 PM
I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.   Undecided  

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas. Wink  Hopefully we are at least back to $600 by then?  I can hope anyways.


Do you have a plan in case bitcoin goes below $275 and stays lower for several months or even 1-2 years?
This kind of thinking of delaying and being overinvested in bitcoin is going to lead to a massive panic dump like the good old times if we go below $275. Dunno if it will break, but be careful.

My plan is HODL and continue to buy, buy, buy.... and I hope this 1-2 years of continued bear-market scenario does NOT happen.  I will stop buying and maybe even sell if something significant changes with the fundamentals - on the contrary, it seems to me that BTC fundamentals remain pretty strong.