Bitcoin Forum

Ok It's official. If I buy bitcoin price goes down..

This morning I sold one to help pay for a weekend trip...Price is up 5$ :) LOL

Yeah, you surely regret selling your coin now you know you could have a potential $5 extra  :D

yeah this is strange but happens to me too.Each time I sell my bitcoins later I see some rise in price and I always think would have good to wait for little more.Why price goes up always after selling.

You are unlucky man ..... but probability of Wins in a raw increase over the time so i can not accept your action as a signal ...... Sorry

I wouldn't call is a bad move just yet. With the new stress test and still active debate on client versions, bitcoin is far from regaining higher support levels.
I'm pretty confident that we will have another slide under 200$, otherwise how would people hype the price later on for halving  ::)

i had experienced this a lot at the very beginning. but throughout the months/years you'll see why it goes down when you buy and why it goes up when you sell.

Better luck next time. It's not like you can predict what is going to happen so these things are sometimes based on timing and luck. Same goes when it comes to trading

Finally 100% predictions. please let us know in this topic what you're gonna do.

Please give me a pm whenever you decide to buy or sell. There will be a tip in it for you if it is indeed allowed me to predict the right direction of the market :)

yeah pretty strange. when we hold and do not sell, sometimes bitcoin prices further down and no price increases, but the rise in prices that always come when we've sold bitcoin

I'm inclined to attribute it to confirmation bias (https://en.wikipedia.org/wiki/Confirmation_bias)!

More helpfully, since the OP was exchanging - rather than trading - and the need for the exchange was known in advance then the transaction could have been "hedged" - the OP could have used options to insure against a rise (and/or a fall) in price. (As far as I know, right now this is only possible with BTC/USD, which may not be useful to the OP).

There's a poster on Bitcointalk who sells options OTC (https://bitcointalk.org/index.php?topic=223626.0 (https://bitcointalk.org/index.php?topic=223626.0)) and one exchange (http://www.coinut.com (http://www.coinut.com)) with another opening this month (http://www.quedex.com (http://www.quedex.com)). The latter exchange looks like it's going to offer USD and CNY in addition to BTC/USD.

Ok fair warning folks. I am buying tomorrow. Price will probably go down this weekend...

Thanks. We will sell our Bitcoin and buy them back later.

Please go ahead and buy tomorrow, I plan to open a short tomorrow... ;)

This is because an efficient market always moves to minimize profits. In this way, it can be understood as a crowd-sourced, adversarial intelligence.

Thus, in fact, even beyond confirmation bias, it is theoretically more likely than a coin-flip for the market to punish informed, strategic speculative actions, especially on the short term.

lol, as long as the "go down" and "rise ups" that happen because of your luck are in range of $5 i think we are safe.

thanks for your insights rich boi

yeah I think this time better to buy, because some days tend to fall and stable. well i guess will rise to $235.
I have bought and hopes to get profit about $5-10. I hope my prediction right  :)

yes i'm agree with you too because it happened to me several times
when i'm try to hold my bitcoin the price does not go up but when i'm already sell my bitcoin the price suddenly rise

No one can really predict what it is in the future and these 100% price predictors are not always correct because of
it always changes and it depends on the market, so we cant really say this price predictor is 100% reliable.

no one know when price can up 100% right
Im not trust 100% with you
but maybe you are right

It is very hard to predict what will happen tomorrow but market seems stable.This is normal when you buy or sell and after short time you see price up or down.This doesn't have anything with prediction.Bitcoin doesn't have fix prices.It happens with everyone of us after sell often price has upward movement.

It's indeed very stable. It hovering around the 230 for a few weeks now. Just don't know which site it will go after this. Up or down.

It will hover in this range waiting for some news. Negative or positive, depending the which ones arrive first. Positive should be a block size increase consensus successfully solved. Negative can be pretty much anything since the Bitcoin is still far away from drama free territory.

I would have to say that my personal feeling is that there is much bigger support on the down side than resistance on the upper side of the order book.

Ok selling some coins to pay for another trip. Plus my fortune cookie last nite stated "You will have greater financial resources soon."

MOOOOON!!

Murphy's law is reckless  ;D

But if we buy, it will apply to us too.