Bitcoin Price Thread

Pekelo said:
I think at the end of year there will be articles about YTD returns and people will get more exposure to better performing cryptos.

But PR goes both ways, the negative PR also mostly falls on Bitcoin. (like the woman financing ISIS with BTC)
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I am sure there will be more crypto articles but i see the largest pool of money at broker accounts and they can not access the little known coins.

Was a huge price ramp up before start of futures last weekend. Looked like pump but we did not get the dump.

Maybe you should be loading up on Litecoin then ?

BTW - Almost 19,000 usd now but no doubt the 'Surprise' shorts are still doing lovely. Another wave of free media as cross 20,000 next week ?
 
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Jakobsberg said:
So you do not now know and just guessing like the rest of us. I think miners are just in it to make money nothing to do with their effort or true believers but I'm also just guessing with that. Wish I knew some of the big miners to know what they are doing.
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The higher the price goes the less the miners have to sell to cover costs. It is in their economic interest to hodl.
 
just21 said:
The higher the price goes the less the miners have to sell to cover costs. It is in their economic interest to hodl.
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Only if the price keeps going up and they have lots of coins to sell so exiting is tricky for them. We can all have opinions but noone seems to really know. All we can do is observe the price and guess.
 
I would like to ask holders, what is your cash out/taking profits policy?

1. As price goes up I keep taking out profits.
2. I have a predetermined target where I would get out (what is it?).
3. I have a trailing stop loss, or I adjust my stop loss daily.
4. I never cash out just occasionally spend when I need to buy something.
5. Something else.
 
E="Pekelo, post: 4566186, member: 39548"]I would like to ask holders, what is your cash out/taking profits policy?

1. As price goes up I keep taking out profits.

Want to avoid until IRS get their head out of their ass.

2. I have a predetermined target where I would get out (what is it?).

I've thought about it but greed keeps winning. I reckon taking 15-50% periodically for someone disciplined would be a good strategy.

3. I have a trailing stop loss, or I adjust my stop loss daily.

I did this with terrible results... Have reckoned now you need a 50% stop to avoid missing out on the eventual breakout post correction... Observed most corrections can be as high as -30% on BTC. It didn't help that I was stopping against other coins and not tether. Additionally, flash crashes makes this risky on smaller coins.

4. I never cash out just occasionally spend when I need to buy something.

Nah, got dollars for that.... I'm sure the exchanges will have liquidity when it pops...jk

5. Something else.

I would say stop against a different coin... Didn't work out too well as most coins follow BTC, but am certain there's an angle that can be played.

I would add the pucker up and let it ride approach.... Which still seems to be the most profitable albeit the dumbest.


Note, I think most of these problems are not so for day traders as they can afford to baby sit the charts, which even I as an amateur find rather predictable.
 
johnarb said:
Hello Everyone, Bitcoin is over $19,000 each on Coinbase/GDAX. Yay.
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Big sell supply sitting at 19K:

https://imgur.com/mdjvO0X
mdjvO0X
 
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