Bitcoin Forum

Whoops.

I don't think you have much to worry about. Sure you could have made more but you still stand to make a profit as the price drops lower.

Disregarded females and sold all your bitcoins, so what's left? Tears and a shaky hand :)

Verry bad move ! Thanks to psihology of people like you getting so scared when price drop speculators gain profit... It was said thousand of times if pople knows their interest things will look better, but here are plenty of kids that surely dont know anything about value of money and thing this is a game of mining an selling at any price...

LOL.  You sold at 8 and change...it sucks but that is life when playing a market.

I sold some at 13.13 when I traded it for silver coins.  Now it looks like I made a great deal.

I sold some coins at 13,7 and withdrew $... Now i wish to be able to reverse withdraw and to buy some ceap coins but...

I've sold hundreds of BTC at under $1. I deeply regret it now. Oh well. I learned my lesson :)

What's stupid is that the price is 9.5 and I can't find anyone to sell to me for 10.5 !  >:(

Hey don't feel too bad... I sold Half my BTC at 8.9
I was gonna sell since 9.9 when the damn fake 10.00 wall vanished, but it crashed so fast + Mt.Gox logged me off!!!  I've been Goxed!!!
... anticipating a flash crash down to 7.xx, and then.... swooop! back to over 10!!!

Then.... Needing to buy them back... I buy back at 10.1  !  Then it dropped again to 9.x

God damn I'll never day trade bitcoin again..

which is?

Hindsight is a jerk?

Look at yesterdays lotto numbers I wish I had played them too.

you cant really look at the past and let it get you down.

and really you shouldnt just base your trades on market movement. It is a variable to look at for sure but the best thing you can do is be as informed as you can be, and make the best educated guesses on that information.
Most people dont sell at the peak or but at the bottom, it's just a fact of life. WE get as close as we can and we are happy.

For me the bad news (mybitcoin and that polish exchange I cant ever remember its name) said look for a big drop.. but bitcoin is still chugging along, the mining hash rate still rising, and development is chugging along and these forums get busier every day. Ruxum is starting to take asian currencies, in a week many european currencies. And their are various trading choices coming soon..shorting, derivatives.. etc. WE are probably going to take a beating all week, and prices wont recover fast, but this is no reason to be down, it's like a second chance to buy that lotto ticket. You might think I am crazy, but then again you might read this a year from now and say, "WHY THE HELL DIDNT I LISTEN TO THAT STUPID TALKING COW!".. then again you may be saying the opposite, hindsight is a jerk.

Which is, I'm here for the long term because Bitcoin solves some hard problems in a unique way and thereby has the potential to be a significant positive force in society. When I say significant, I mean the sort of significance that historians write whole series of books about. I have absolutely no reason to sell unless I desperately need fiat money for some reason. (It could happen...)

For those of us who are here because we believe Bitcoin is worth having, selling them is not usually the right thing to do. Spending them, on the other hand, works well enough. But it's incumbent on me (and anyone else who feels so inclined) to do whatever I can to ensure Bitcoin succeeds.

From my understanding of the situation, the Polish bitcoin exchange lost its coins through deletion of the wallet file by Amazon's virtual machines.  The coins weren't stolen and dumped into the market.  They are gone for good and not coming back.  This will be one of the fatal long term flaws of bitcoins and will ensure we can never see anywhere near 21 million created and active.

It matters not the number of units of currency in circulation. Bitcoin would be just as viable with 200m coin limit, or 2m coin limit. So long as it's divisible enough to enable small purchases, the total number of coins is completely irrelevant so long as money supply is predictable and stable (criteria which Bitcoin satisfies very well).

Loss of coins is bad for the person who held the coins, not for the economy at large (with the caveat of short-term psychological issues).

good for most trading..day trading is hard on the heart.

sell if you think bitcoin is over with, if you think it will die, otherwise just enjoy the ride, these drops are mostly meaningless to the long term outlooks.(which still could be good OR bad, but that's up for you to divine)

The downward trend started at roughly 14.50. I think someone tried to corner the market. Now they are going to hold the coins going up to probably 20 before they sell. I'm thinking about 10 days from now it will be there.

It's ok.

Think about the volume of sale trades that also occured at 8.7--you're not alone.

Since finding about bitcoins I have gained a new understanding of why most stock brokers gulp down pills against stomach acid and pay expensive shrinks...  :-\


It started at 17 actually... Or 20 if you wanna go further back. I bought at 16.9 and sold for less later.

Your up now  ;D! This will be one epic rally folks.

Nope, I'm thinking it will hover around 10$ for a few days. Even then the longterm bottom may not yet be reached. It may drop to 5$ before starting another longterm rise.

I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...

EDIT:
Lets thump everyone back to reality. The majority of this community consists of miners who have invested their time and money into this project. Vultures who have nothing better to do, or are to dumb to produce the same results we do want nothing more than to make us all go crazy, so we can sell our Bitcoins at ridiculous prices. Now what would happen if we all just held the fort down, and instead of exchanging our Bitcoins for dollars or euros , we spend them within our growing community https://en.bitcoin.it/wiki/Trade, You can literally find anything you want on that list, and believe me there are many many more services coming soon.. What do you think these speculators will do then when Bitcoins are a hot new commodity? They will drool over the coins thats what... I have heard some very good ideas, and there are some very smart people working behind the scenes to bring you some of the services that will make Bitcoins the currency that it was always meant to be. Much of this needs to be simplified that's true, but don't insult our intelligence by telling us that we have to sell our coins at an obvious loss. That sir simply is not going to happen.

I've stopped mining at $15. At that price and difficulty I can only make $3 after electricity costs. That's with almost 1 GH/s, too.

Not everyone is a miner, and everyone including miners will sell if they think they're not going to be able to get anything for them later.
And you are obviously a self-promoting miner who is trying to manipulate public opinion to suit his own interests, just like many others in this thread are trying to manipulate public opinion to suit their own interests (especially that Edward50 or whatever guy whos EVERY post is about bitcoins falling !)...
And if you want to help miners, you can just quit the business ! The less miners there are, the lower the difficulty and the more they earn. So if you're such a self-sacrificing miner-crusader, go jump off a cliff for the good of other miners !  :D  ;D


Electricity costs now don't matter if you believe bitcoins will be a lot more valuable in the future.


Selling BTC for dollars or buying goods with them is the same thing when it comes to the effect on the bitcoin price, because all traders immediately sell the BTC they get. So you'll crash the price in one way instead of another.

Sounds like you want people to sell their money at a huge loss, so YOU can gobble them all up :).

I think its a bit premature to be calling that.

The underlying indicators just arent there atm and in fact even $10 is standing on a very thin sheet of ice.

Though I do agree that when the rally comes it will in fact be quite epic.

That is an inaccurate assumption.  Many traders hold onto their bitcoins or trade them for other goods.

i did buy a 8.7 :P

Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

You win!!!1!one  :P

we grave diggin now

Sold all?  As in, 100% of your holdings?  Do you have any intention to buy in again (or mine)?

He can't. Wasted all his money on drugs, women, and booze.

and that's a bad thing... how?

"I spent 90% of my money on women, drink and fast cars. The rest I wasted"
george best