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Title: Why are all the stocks going down? Post by: thehun on August 07, 2013, 10:13:14 PM In the last week all (or most) of the BTC stocks are in a downwards trend. What are the possible reasons for this? The slow bursting of a bubble or fear of possible SEC action on Bitcoin securities?
Title: Re: Why are all the stocks going down? Post by: deltanine on August 07, 2013, 10:16:13 PM In the last week all (or most) of the BTC stocks are in a downwards trend. What are the possible reasons for this? The slow bursting of a bubble or fear of possible SEC action on Bitcoin securities? I think the market was overheated to begin with so we are seeing people locking in profits. Also, we have seen an upswing in IPOs so there are more options for the investor to choose from, spreading the money around. There are a few good deals laying around now for sure, but i think there is now a lot of money on the sidelines waiting for even better entry prices. Title: Re: Why are all the stocks going down? Post by: thehun on August 07, 2013, 10:22:54 PM In the last week all (or most) of the BTC stocks are in a downwards trend. What are the possible reasons for this? The slow bursting of a bubble or fear of possible SEC action on Bitcoin securities? I think the market was overheated to begin with so we are seeing people locking in profits. Also, we have seen an upswing in IPOs so there are more options for the investor to choose from, spreading the money around. There are a few good deals laying around now for sure, but i think there is now a lot of money on the sidelines waiting for even better entry prices. Makes sense. I guess most of the people buying/selling are not investors but speculators looking for fast bucks, especially in IPOs like the last ones of BTCGarden and Labcoin. Title: Re: Why are all the stocks going down? Post by: superduh on August 07, 2013, 10:33:22 PM have you heard of the speculation forum?
Title: Re: Why are all the stocks going down? Post by: deltanine on August 07, 2013, 10:34:43 PM Makes sense. I guess most of the people buying/selling are not investors but speculators looking for fast bucks, especially in IPOs like the last ones of BTCGarden and Labcoin. I don't understand it to be honest. Bitcoin is risky by itself already so I always invest in Bitcoin securities cautiously. Securities have to be reasonably verifiable, have a good managerial track record, pay divs and have a solid APR before I invest. But if someone is gonna day trade with Bitcoin securities, they must have gigantic balls and I salute them! Title: Re: Why are all the stocks going down? Post by: mgio on August 07, 2013, 10:37:19 PM Makes sense. I guess most of the people buying/selling are not investors but speculators looking for fast bucks, especially in IPOs like the last ones of BTCGarden and Labcoin. I don't understand it to be honest. Bitcoin is risky by itself already so I always invest in Bitcoin securities cautiously. Securities have to be reasonably verifiable, have a good managerial track record, pay divs and have a solid APR before I invest. But if someone is gonna day trade with Bitcoin securities, they must have gigantic balls and I salute them! If you wait for all that, you'll be too late. Title: Re: Why are all the stocks going down? Post by: deltanine on August 07, 2013, 10:43:07 PM Makes sense. I guess most of the people buying/selling are not investors but speculators looking for fast bucks, especially in IPOs like the last ones of BTCGarden and Labcoin. I don't understand it to be honest. Bitcoin is risky by itself already so I always invest in Bitcoin securities cautiously. Securities have to be reasonably verifiable, have a good managerial track record, pay divs and have a solid APR before I invest. But if someone is gonna day trade with Bitcoin securities, they must have gigantic balls and I salute them! If you wait for all that, you'll be too late. All I know is... I've been doing pretty well by waiting for all that. So much so that I'm only playing with house money now. But I understand what you are saying. I'll miss out on the "get rich quick" IPO to market dominance success. i can live with that. I have to admit, I did throw some into ActiveMining a couple of weeks ago. With the missteps I got really anxious and pulled out after my investment doubled. If was only a nominal amount of shares anyway. I may buy back in only because I feel like Ken is working his ass off. For now, though, I'm just watching. If you wait for all that, you'll be too late. Title: Re: Why are all the stocks going down? Post by: forensick on August 08, 2013, 09:58:01 AM one of the reason is also the price on btc in fiat money... it increased in last weeks from some 70 USD to over 100 USD, so it could be a reason to take profits in securities and change some funds into fiats. Even I do not do it personally, I understand it. There is also too much mining attempt and most of them sux. I guess maybe 1/3 of current mining securities could be successful, but we will see...
Title: Re: Why are all the stocks going down? Post by: pascal257 on August 08, 2013, 12:03:05 PM Could also be related to stronger BTC. The rate never dropped below 100$/BTC.
Title: Re: Why are all the stocks going down? Post by: forensick on August 08, 2013, 12:45:27 PM This is a daytrader's dream though. I made quite a bit of money already, as a simple amateur. there is a difference between luck and skill :D anyway, congratulations, I am satisfied as well Title: Re: Why are all the stocks going down? Post by: damiano on August 08, 2013, 02:59:14 PM This is a daytrader's WET dream. Let me fix that for you ;D Title: Re: Why are all the stocks going down? Post by: Carnth on August 08, 2013, 10:30:55 PM What is that supposed to mean? Don't worry about it. Just take delight in your profit and enjoy an <insert favorite beverage here>. |