The Bitcoin Thread

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Did not monitor myself, but apparently the market cap has not increased significantly in line with the price which means mostly existing investors which in turns could possibly mean another correction.
 
Well done to all you hodlers :).
Now to see when you start selling.
 
handyman007 said:
New to Bitcoin, only got in at the back end of August. No idea what to do now.
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If the price is going to correct (come down) in the near future (after the fork) then you wanna sell before it drops. Buy low, sell high. Or just hold forever and never take any profits.
 
handyman007 said:
So basically we should hodl to just after the fork at least?
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Well.... if I remember right, after the previous fork it did still climb slightly (Mmm R67500 ?) (That's when I sold everything), and it dropped.... bought in again at R56K... So... answer is yes. (My $hitty opinion)
 
saor said:
If the price is going to correct (come down) in the near future (after the fork) then you wanna sell before it drops. Buy low, sell high. Or just hold forever and never take any profits.
Click to expand...

I sodl'ed at 40k when it was going down a steep curve with a buy order at 35k. Had to switch off my phone as I was flying, but when I got to my hotel that night it was at 50k again before the buy order amount was reached, so I rebought everything I sold and lost 10k per BTC value. Fortunately I've held onto that long enough to now be above my initial buy in.

So yeah, thanks to hodl'ing, I've managed to absorb my losses and finally seeing profit on my initial investment. If you're going to sell when it starts dropping, make sure you're not an idiot like me and missing the bottom turn.
 
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