Bitcoin Forum

For those who are not aware we are ALREADY in double digits..

I prefer holding and watching it either crumble to dust or rise again.

Know when to hold em, know when to fold em.

I agree, sell them all and buy back cheaper

time to buy more and hold.  ;D

AFTER a crash is usually the dumbest time to sell. Instead you should be buying in small increments all the way down, adjusting along the way as you get more information.

+1

implying the crash is over

my strategy too, though it does accumulate loses! as well as bitcoins ;)

Buying "all the way down" works in a subjective fashion. When I consider this still an inflated price, am I really buying on the way down, or at the top of my perceived overvaluation? My "on the way down" is a lot different than yours, especially if you think $110-$120 is cheap like some people were saying.

Not really. The point is you don't KNOW when the crash is over, at each point you have to consider the probability that this is the bottom right now, and buy in at that probability. That's why you buy in increments, never do all-or-nothing trades.

I had a buy order @ 128 that went through yesterday and completely forgot about it lol  :-X

I'm not going to sell right now that's for sure.

That's true. You have to invest according to YOUR view of future probabilities and appetite for risk. If you are 100% sure this is not the bottom then you don't need to buy anything of course.

it is going to 70 $ by tomorrow

I am bearish, too, but only based on the twisted perception of ignorant morons who haven't got a clue. ATM, only the post "bubble" desperation gets priced in, not the potential 3 order magnitude upturn.

i sell all my bitcoins and waitig for better times

I thought you sold all at 165 ? :D:D

Selling all is really the most stupid thing to do.

I have to say you were right mate ;)

For those who are talking about the troll box look into this forum section  ::)

this is the first time that the price of BTC is constantly higher in BTC-e.com than mtgox and bitstamp

Yep I'm aware and I'm buying.  Sell now?  WTF?  Put buy orders in to the bottom.  The herd will come back on the first non-news story on CNET in a few months.  SELL HIGH BUY LOW.  DAMN THIS SHIT IS EASY AS FUCK!

Again I have a feeling that is going to 70 or less by tomorrow, I feel so bad because just yesterday I was convincing a friend who have an IT business to accept BTC, when he will see the price today he will never do it.


BTC is just not that good for small and medium company that can lose everything in a day .

im day trader bro :) buying low, selling high :)

The one day price drop from $266-$105 was the most clear and obvious evidence of all time.  All you perma bulls go back and look and ask why did you choose to believe with no evidence?  I fucked up and lost on plenty of bad investments.  Learn from this and profit next time.  Good luck, sorry to those who lost money.  As for those who attacked me with words like idiot and moron well, no hard feelings, whatever.  Maybe next time you'll use logic to invest your money and not your heart.

Sell, sell, sell, ... Tomorrow will be below 70 usd :(

I bought all my coin at $14 and I sold 20% at $103 and then 80% at $230.  I'm buying it down to the bottom.  I'll still be up way over 1000% profit.  And if some real news comes out soon, I'll be in a great position for more profit.  If it takes forever for adoption to come at least I'm back in the game and here for the long term again.

FUUUUUUUUUUUUCKKKKKK I wish It didn't take a month to get verified

there were less "sold" coins during that crash than the volume that followed. there's been 10x more sold this past day that during the crash. it's all artificial bs

Now if everyone sells to reduce loss, how is this going to help reducing loss?

-1

WTF ?

How can selling all your BTC at $140+ when it was obvious this was coming be stupid when the price is now lower than $100 ?

Yes yes keep selling, more cheap coins  8)

 ::)

This place is worse than the BTCE chat.
This forum used to be fun, now it's such a shit hole.

Well it seemed pretty obvious to me which is why I sold everything and waited for a crash.

I didn't have to wait long. Just a coincidence ?

He couldn't sell at 140 because at the time he wrote this, as you accurately stated, the price was lower than 100. That means he has to speculate that the price goes much lower. But what happens if Slovenia closes the banks tomorrow?

Really was this crash that obvious? Wow you must have made a killing!

And by the way, thanks for selling to me at 93 on GOX. Just transferred to BTC-e and sold @102

Has anyone ever made a better arb deal?

If west coast decides to join the dump we will see $60 $70 again today then Price will rally up again . Tmrw v likely it will start another Asian European dump and decent to the $50 wall, I don't see it breaking that wall easily If ever, if it does then bit coin will be priced fairly low on the short term. Only savior from double digits is a powerful rally back to 120 - 130.

$100 was an important psychological barrier that is now broken unfortunately. Also I'd imagine a lot of merchants who gathered btc will want to dump btc to get the most of it. A lot of the new bit coin entrepreneurs were depending on bit coin strength and stability, if it fails to hold above $50 alot will cancel their venture plans and hold, only market makers and true believers will continue with their bit coin ventures.

Long term I'm not too concerned but this is my expectations based on the price trends.

Your important barrier has been broken at least a dozen times in the last 2 months.

T o all who are panic selling... Thank you so much, I really appreciate it.   :)

Also it's not that much of a barrier of you aren't trading in $
Bitcoins aren't a local thing.

PRICE CRASH = SELL NOW AND CREATE MORE LOSS.  (there. fixed that for you.)

Yes, it was pretty obvious.

I sold all my BTC at $162 then went back in for a small profit of a couple of thousand USD in the $140's before selling it all again.

It was massively oversold and the price went up way too fast, now it's correcting.

I'm sure it will happen all over again once this settles down over the coming weekend.

Be sure to panic sell, I want to load more cheap coins.  :-*

Can you sense panic? I see constant selling pressure since yesterday, more sellers than buyers,hence the price crash.Wake up the hype bubble has popped.

i think all it takes is opening up a few more exchanges to stabilize price - also, writing better engine/rules at gox. panic buying and selling is rather dumb and i think most people realize this by now

Agreed, I see no panic here. Just people reacting naturally to reduced demand coupled with inflationary pressure.

Dude, I just sold my last sliver. got a good average selling price on the way down overall. I didn't panic I don't think, just experience from getting burnt in other markets, e.g. the tech stock bubble in the early noughties. oh people who wanna post again that btc does not equal stocks, don't bother. you posted that before the latest crash, changing your minds now eh, eh? anyhoot, I'm going to do now what I didn't do 14 years ago. I now waiting with my keg of dry powder and seeing what happens. I MAY buy in again but only after I is sure it has bottomed out and steady and started rising again but only after the bulls have mostly left forums like this because they is fed up because price isn't shooting up for them. for these bull guys, this is their lesson so that they can do better in 14 years time for the next bubble zwangcoin or whatever that may be innit.

shit confirmations are taking so long

Why does this shit always happens the day before I get my BTC...

Tsk* This is simply a test of the warrior! Sell? Take loss? Fool! I will sit calmly during the storm and preserve my strength. The storm will pass...

I will wait for the rally.

Its not panic selling while no money comes into bitcoin anymore.

the buy volume is 10x the selling volume orders
people are just trying to push the wave down with most doing that knowing that they will be buying back in when it's "cheaper"
i doubt anyone really is panicking

all these jr. member bears crack me up. they play the market for two months and they think they have it all figured out. 

We oughta make a manipulation post for the newbs who are getting fleeced. It's only fair.

You realize they're outnumbered by jr. member bulls by a factor of about 10 right?

see a hero there making money and shit. you may know me as a jr.member but you do not know who I am  .

You've been here too long, falling into  "delusion of grandeur", this is a "Reality check" from juniors..

I might be bitcoin newb but I isn't newb to markets in general, doing since 1994, seen some shit in my time I tells ya. so far nothing about bitcoin tells me that it is the special one, it is like many other types of highly speculative markets. but my main point is that you got to have RISK CONTROL or the markets are going to give it to you bending over. you need to know when to put RISK ON and know when to take RISK OFF. ah what the point, just pay good attention to what is going to happen over the next few months and try to learn from it for your future.

It just cracks me up how everytime we're in a correction or a rally, everybody takes everything so personal. It's like "Stop selling! My bitcoins lose value!"

Most of the vocal people in this forum buy and refuse to sell no matter what the price.

They bury their heads in the sand and watch it crash all the while still holding. They think it makes them 'strong' and only the 'weak' sell.

dump and pump maybe

last chance to get on double-digit

Here's one of those Jr Member March2013 bulls I was talking about bitcon. This is the fish at the poker table.

i guess you have to own some coins before you know the feeling.
but keep instilling panic i like cheap coins too.

I see by your responses that a lot of you are not panic selling. Your sensible and rational approach is ruining bitcoin for me! Can't you panic a little? A guy on the internet is saying sell and crash. He is using all caps. You should be crying and covered in sweat as you pound on the sell button.
 ;D

Here's how I see it.

When the price was rising, I was selling on the way up. Thus, buying on the way down is nothing more nor less than rebuying the coins I sold at a lower price than I sold them.

It's pure profit, and requires zero speculation as to where the market will go in the future. That is, if you had the foresight to sell on the way up. I certainly wouldn't recommend for someone to be "getting into" Bitcoin right now.

maybe you are an earlier adopter than us , but this doesn't mean that you know better or even you are smarter than a jr.member . most people I know that are involved in BTC are highly educated with long experience and knowledge, even if some do not hold a degree they  smart and heavily involved here.

so that jr.member in their profile doesn't mean anything to me. well this attitude only proves that you are an ignorant person who have no self confidence .

I do own coins and i am long term bullish but BTC have clearly been overbought in the last couple of months and now we are correcting. I have never made FUD posts either so i don't know where that came from. For the record i believe in 300USD/BTC at the end of the year when VC's have upgraded infrastructure and big money starts pouring in. But i'm reasonable and right now i think BTC is a little overvalued.

i guess i should dump all my coins then and take it down to $30. sounds reasonable.

it's about perception.. if you do that and many others too everyone will think it'll go lower. only problem is if you by accident dump at a time when sentiment has changed. the idea is that your actions one way or another will influence the actions of others.
out of curiosity i wonder how the dark pools of tradehill are doing

correct, and thats why threads like this are created also. tradehill opening back up is a good/bullish sign. i did a lot of business with them back in 2011 before they closed.

never sell on a crash unless there is no hope of it coming back lol - I wish I could get some cash in so I can buy right now!

You'll have plenty of time and get in at a lower cost per coin, so don't feel hurried.

They will never learn. As long as Bitcoin itself is sound, every crash must stop, eventually. And every single crash in the history of Bitcoin eventually rebounded, at least to some degree, even the crashes from 32 in 2011 and from 266. I so far made money on every single crash I did not miss out and I am sure so did many on this forum. As it is a zero sum game, our gains must be someone's losses.

I am not too happy about it. All those shaky hands not only take losses, they also give Bitcoin a bad name. We want Bitcoin used as a means of payment by the rest of the world and we want it in 6-digit ranges. All those Morons are spoiling the party.

Bullish Sign: Coinbase out of coins.

Dude.

Coinbase is always out of coins.

I think 5 days is pretty normal actually.

While you are reducing loss, you are increasing gains for the manipulators.

All my coins are mined I'm not losing anything!  Once I get some cash I may try to get some on the market so I can buy but had some really bad luck the last month.  Had to kill my BFL ASIC preorders ask for a refund and sell some hardware on ebay at a loss.  But I've got that money pit car out of my life!  Mortgage still up $300+ a month :(