My original aim was to sell half of them when half doubled my original input (and let the other half gather whatever was on offer for the long run) but I am way past that already and haven't sold any yet... My gut feeling is... possibly $1000 a bitcoin by Xmas ! But please make your own due diligence...
Unfortunately, I sold my LTC @ $3.80 whilst it was ranging up and down in that area... so now it's decided to jump to $4.10 hahaha, fuck.
It's quite arbitrary selecting a sell point. Best way to exit if you are trading it is using a simple moving average maybe 50 days initially and if it accelerates switch to 20 day. I've looked at trend following trading systems and letting the market take you out rather than predicting a price level is a much better longer-term strategy.
Yeah I'm tempted to put some more money into LTC, once it goes on Gox, you've got to think it'll explode.
As of this evening, Russian underground market now accepts litecoin; http://www.reddit.com/r/litecoin/comments/1qj3ol/ramp_russian_anonymous_marketplace_the_biggest/
These prices are starting to freak me out. Have never been this nervous holding gold and silver - think that's telling me something. Just need a new Cyprus banking crisis thrown into the mix now.
There is an argument to be made that investments in Bitcoin/Litecoin/et.al. are taking that money away from gold/silver. What I mean by that is, the punter who think that fiat is on a slippery slope to devaluation, and would have traditionally bought gold/silver, is now considering (or actively buying) digital currency. Would this have any effect on gold/silver prices? I doubt it. But I think it's interesting. I guess this subforum is testament to that.
American Silver Eagle 1oz coins will have record sales for 2013. When Cyprus encountered it's woes this year silver dropped!. So..... Personally, I'm content enough with my lot of PMs for the meanwhile. I'm very reluctant to buy silver over $20/oz.
Just sold 5 BTC at $567 USD ea and bought back 6.35 for the same money - the dangers of someone placing "at market" buy orders without checking market depth Nice little earner for the evening.
Not feeling at all inclined to sell my Bitcoins while the value keeps increasing like this. Back when Max Keiser tipped buy I used some spare fiat thinking "OK" this is a highly speculative investment and I'm not taking this too seriously. All this before I really understood how it worked. Well now I see Bitcoin heading towards an "investment only" crypto. As more investors trade and the value increases then Bitcoins become a more solid bet for the future. Anonymity and security are the number one strength IMO. Max said $10K, $100K even a million isn't out of the question. Perhaps my puny investment will be the best thing I ever did? Well I promise not to take it too seriously and we will see I suppose.
