Bitcoin Forum

Get ready, there is a great buying opportunity incoming 8)

It looks like it. The fun seems to be over for this week...

Cheap coins ahead  ;D

Let's just say the euphoria has died down, and things aren't looking so great. Yet next week a few key moments are on the cards.

If events unfold as I predict then we are going to see double digits followed by explosive growth to a new ATH occurring within 1 week of each other.

Don't risk more BTC than you are willing to lose ;)

Or: If you can't stand the heat, get out of the kitchen   :D

This should be plastered everywhere on this site, as a PSA.

The stories I'm seeing of mortgages, unaware wives and people chasing a quick mean to cover FIAT loans terrifies me.

Sorry i ask much today.
But how can you  know that great buying opportunity is incoming ?

You can start by looking for changes at the depth charts. If bid size is increasing or ask size decreasing it's usually a good sign. Psychological barriers also tend to give a good hinch. Also when you study the game for a while you will get some kind of feel for it. Not saying you will guess the outcome 100% of the time. Just be sure that you get it over 50% of the time and you will profit.

Thanks for explaining:)
I hope i will profit, buying back later this weekend
Just sold 67btc for 144$ 10min ago
Fuck, this shit is exiting :)

You gonna get played.  ;)

rich man

No problem. If you're interested in longing and shorting BTC try bitfinex.com. I made alot of easy money on that site.

ok :) maybe ill give it a shot later
I need learn little more about all this

Maybee i will.. but im ready to take some risc for my 12$ coins

Really?! I think the opposite. I think there is going to be another spike after yesterdays slow crawl up 10BTC.

With people getting paid on Fridays and still more media interviews and such I think it will be a good 2 days worth of going UP.

Nothings wrong with taking a loan to buy BTC as long as its a loan you can afford to pay back.

Your sentiment is correct, but not worded the best way to inform those not smart about investments and finances..

It is ok to get a loan to buy BTC if you can afford to pay back the loan without using the BTC you purchased.

It is a thought process to alot of new investors that taking a loan at say 10% is OK because they will be making atleast 20-50% on trading their investment.

Problem is they never think that their investments will fail or not work out as they planned.

Then the wives get even angrier and the mortgages become late. ;)

And let's add the following piece of advice:
If your guess or anticipation doesn't work out, i.e. if there is no dip, but a spike up, then wait until you're sure the spike is permanent and the movement continues up. Then buy back in.

If it takes this path (i.e. your guess was it goes down, but it didn't), then please don't count that as a loss. Basically you were watching on the sidelines, and to get there, you sold into a safer position for the moment (USD). Maximising profit means also maximising risk. Often it is better to play safe, even if this means sacrificing a bit of (possible) additional gains.

Yes, i had that feeling
No dip last evening, so i bought back before i go sleep :)
I will not never cash in my lovely coins, I love them.
But sometimes i gamble to gain more

All the newbies talking about loans and leverage is making start to feel bearish.  Sorry guys, but "easy money" doesn't exist and when this thing turns around it will be all the leverage you idiots are putting on that will drive price to fall so quickly that you will be wiped out.

In genneral taking loans for anything is stupid.. specially for BTC at these prices

If you don't have disposable income, don't borrow money. Think like you will completely lose your investment.

http://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt

So god damn true!

Warned you guys.

I buy them back friday 30min after i sold.
Im not so easy played.. but i will take chances daytrading.
To get the rush :)  

If I would not have any BTC or fiat if would definitely take small loan to buy some BTC. I think that the risk to lose completely couple of grands is much smaller risk than the risk that one day 1 BTC will be priced 100k$ and you missed the train.

I am much more willing to take the risk to lose my money investment in BTC than to take the risk of missing the train.

What are you saying? Was now not a good time to buy in? Because I spent a nice chunk of cash on some coins.

Its just like borrowing money to gamble on horse-racing
you dont gamble with money you dont have or the big guys with the bat will wait for you in the corner

Nothing wrong with buying and holding?
Why not?
Although at some point it would be nice to spend this coin
Someplace ...

Nothing wrong with buying and holding... buying with funds you don't actually have aka borrowing funds for investments... is what is bad.

So I'm guessing you have sold, made a profit and now hoping
For a correction down to buy back in?

Nothing wrong with buy and hold tho.

Haha, a month ago, you would have said Single Digits. Next month you will call a dip into Triple Digits.