Spoken like someone with no skin in the game nor understands the why of Bitcoin.
Bitcoin Price Thread
- Thread starter Magna
- Start date
Spoken like someone with no skin in the game nor understands the why of Bitcoin.
My friend, who I told to buy bitcoin in 2013 for $100, was urging me to sell at $1000 in early 2014. You can just imagine how much I had to deal with when bitcoin crashed and kept going down finally bottoming 2 years later in 2016 at below $200
So again, in 2017 when bitcoin hit $5000, he was urging me to sell. When it hit $10,000 he thought I was crazy for not planning to sell....
Anyway, with Covid and all, I've only seen him a few months ago and I showed him that bitcoin was $16K and he was surprised it came back up. He didn't tell me to sell any more, he probably got tired and he knows I wouldn't anyway.
I would have probably sold at 1000 had I bought at 100. Anyway:
1. Until you cash out or buy products with it, it is just paper profits. So when/at what price are you planning to do that? Just curious.
2. You could have sold at the last runup over 15K 3 years ago and bought it back under 5K or 4K and you would have 4-5 times more coins. Just saying, you are on a trading website.
People who are good at holding for a decade are also tend to end up holding the bag eventually and giving back most of their paper profits. Do you have a stop loss sell price?
BTC can easily hit 50k soon.
Then it might hit 6 digits (100 000) or even 7 digits (1 000 000).
That is why the charting software allows you to change the Y-axis from
linear scale to log scale or perhaps log of the log scale.
By then, CME better creates mini, micro, or nano BTC.
If not, the margin requirement would be extremely extremely high.
The last time I did swing trading was ~ 2 decades ago.
Time for me to get ready to do just one swing trade on BTC.
Who knows, the price might drop from
7 to 6 to 5 to 4 to 3 to 2 to 1 digit at 89-degree gradient.
That will be the mother of all Tulip Mania.
Never miss such once in a millennium opportunity.
Then it might hit 6 digits (100 000) or even 7 digits (1 000 000).
That is why the charting software allows you to change the Y-axis from
linear scale to log scale or perhaps log of the log scale.
By then, CME better creates mini, micro, or nano BTC.
If not, the margin requirement would be extremely extremely high.
The last time I did swing trading was ~ 2 decades ago.
Time for me to get ready to do just one swing trade on BTC.
Who knows, the price might drop from
7 to 6 to 5 to 4 to 3 to 2 to 1 digit at 89-degree gradient.
That will be the mother of all Tulip Mania.
Never miss such once in a millennium opportunity.
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Yea, I was asleep, had to work late last night for a maintenance upgrade (IT job, lol), Went smoothly, only took less than an hour, but had to be done after 1AM local time.
Tom Lee, yea, he's always bullish on bitcoin!
Hello Bitcoin btc $41K
I would have probably sold at 1000 had I bought at 100. Anyway:
1. Until you cash out or buy products with it, it is just paper profits. So when/at what price are you planning to do that? Just curious.
2. You could have sold at the last runup over 15K 3 years ago and bought it back under 5K or 4K and you would have 4-5 times more coins. Just saying, you are on a trading website.
People who are good at holding for a decade are also tend to end up holding the bag eventually and giving back most of their paper profits. Do you have a stop loss sell price?
1. This is a very good question and I think the answer is similar to someone who bought Amazon after the Nasdaq bubble burst in early 2000's and still holding.
We were planning to sell $200K plus $40K (for a Tesla purchase), and after more discussions, we decided on $100K + $50K.
The reason is simple, we don't need $200K sitting in the bank earning near 0% interest. We could turn it into crypto $ and earn 10% but it defeats the purpose of cashing out.
2. I think this is very important topic that I wish I was prepared for in 2017 and should have learned my lessons in 2014. When the bitcoin bull market ends, do not fight the bear market, start selling.
In 2017, we already had stablecoins and could have easily been the way to virtually cash out immediately and eventually real cash out to fiat, but I was in disbelief that the bull market ended and I did not trust the stablecoins at that time due to Tether issues. This time I believe I'm prepared
No stop loss, since most coins in local wallets, but ready to accept when this bull market ends and convert to stablecoins.
I must say i am still glad i sold my bitcoins in 2017 and got it all into tech stocks.
Even though i didn't exit near the top, the returns i have made on my stocks by now are much larger than the returns i would have had if i held onto BTC.
Not that i had much BTC or i am holding an extraordinary amount of shares.
Even though i didn't exit near the top, the returns i have made on my stocks by now are much larger than the returns i would have had if i held onto BTC.
Not that i had much BTC or i am holding an extraordinary amount of shares.