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Bitcoin => Bitcoin Discussion => Topic started by: eodxx on June 11, 2011, 08:39:12 AM



Title: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 08:39:12 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: FreeMoney on June 11, 2011, 08:41:45 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

Sell low is the advice I always hear.


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: Oldminer on June 11, 2011, 08:42:03 AM
Flip a coin. Heads = yes Tails = No


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: vuce on June 11, 2011, 08:43:13 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

Sell low is the advice I always hear.

this. Sell low, buy high.


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: jhansen858 on June 11, 2011, 08:43:50 AM
yes selllllllllll

lets get them back down to 10


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 08:46:25 AM
Flip a coin. Heads = yes Tails = No

filpped a coin and it said yes.. :/


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 08:47:16 AM
Flip a coin. Heads = yes Tails = No

filpped a coin and it said yes.. :/

does anyone understand this fall?


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: Grant on June 11, 2011, 08:48:40 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

"Buy when there's blood in the streets, even if the blood is your own."
- Baron Rothschild




Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 08:49:51 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

"Buy when there's blood in the streets, even if the blood is your own."
- Baron Rothschild



?


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: Oldminer on June 11, 2011, 08:50:14 AM

filpped a coin and it said yes.. :/

Ok well maybe its an omen? Maybe its not? Flip another coin. Heads = it IS an omen Tails = it's NOT an omen



Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 08:53:36 AM
f*** Its headind to 21.5 oh shit


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 08:55:38 AM
f*** Its headind to 21.5 oh shit
now its 21.1224


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: Grant on June 11, 2011, 08:56:05 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

"Buy when there's blood in the streets, even if the blood is your own."
- Baron Rothschild



?

Diversify your positions, play both sides of the game and conquer the short-term sentiment or it will conquer you.


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 08:59:12 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

"Buy when there's blood in the streets, even if the blood is your own."
- Baron Rothschild



?

Diversify your positions, play both sides of the game and conquer the short-term sentiment or it will conquer you.

but i have no more money on mtgox to buy them now


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: gigabytecoin on June 11, 2011, 09:09:17 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

"Buy when there's blood in the streets, even if the blood is your own."
- Baron Rothschild



?

OMFG lol.

Nice quote.


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: ChupacabraHunter on June 11, 2011, 09:12:03 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

Sell low is the advice I always hear.

this. Sell low, buy high.

...or just have a Kit-Kat ... and offer one to the Baron too... or (if you're really lucky) he'll offer you one :)



Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: Stardust on June 11, 2011, 09:14:35 AM
i am little afraid, shall i sell now before the price falls below 20 or even 10?

Bitcoin is way undervalued, do what you will.  Check some forex charts, prices always dive a little before continuing up.


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: Oldminer on June 11, 2011, 09:16:00 AM

Bitcoin is way undervalued

^^


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: sequence on June 11, 2011, 09:17:39 AM
Considering I still can't figure out liberty reserve ???,  I'm kinda glad its nosediving because by the time I do figure it out I might be able to buy low again!


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: istar on June 11, 2011, 09:21:44 AM
Dont sell. It will go up the following months as the news spread.


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: FinancialAdvisor on June 11, 2011, 09:21:49 AM
Mark my words: Only a fool would sell all his Bitcoins.

Whatever you do, keep at least a small amount of BTC as a wager for Bitcoin becoming the new gold a decade from now.

If you are in it for the long run, don't sell anything at all right now.  

This is a marathon, not a sprint.

-- Your FinancialAdvisor


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: ChupacabraHunter on June 11, 2011, 09:27:16 AM
Considering I still can't figure out liberty reserve ???,  I'm kinda glad its nosediving because by the time I do figure it out I might be able to buy low again!

Same here. 

Please direct anyone who has used and figured out LR to this thread:
https://forum.bitcoin.org/index.php?topic=14969.msg200526#msg200526


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: piuk on June 11, 2011, 09:31:35 AM
No need to sell, just hold this bag while I go do something quick.


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 09:37:54 AM
this guy tweeted 2h ago:

@BitcoinAnalyst
S3052
Bitcoin Technical Update: BTC/USD indeed fell towards 20$ as projected last night. If 18.2-20$ falls we may see an avalanche down to 10$

i am jumping off


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: eodxx on June 11, 2011, 09:39:26 AM
this guy tweeted 2h ago:

@BitcoinAnalyst
S3052
Bitcoin Technical Update: BTC/USD indeed fell towards 20$ as projected last night. If 18.2-20$ falls we may see an avalanche down to 10$

i am jumping off

so i can buy again when at 10, makes sense? feedback please


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: DamienBlack on June 11, 2011, 09:42:15 AM
I would not sell at the moment, it could be a low, and it certainly isn't a high. Sell high, buy low. If you feel the price is low and are worried about it, it is time to buy, not sell.


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: Nesetalis on June 11, 2011, 09:44:15 AM
NO ONE knows what bitcoin is going to do.. period.
the reason for this is that there are far too many hidden factors.. from dark pools, to news articles that havnt been written yet... or new sites that attract new customers..

however, the nature of bit coin is that it will deflate, this means if you buy low, eventually it will climb up again. So I'm quite happy the price is dropping, that means i get to be even richer with the coins i'm buying now :P


Title: Re: Bitcoin price nosediving -- sell all my bitcoins?
Post by: Grant on June 11, 2011, 09:51:00 AM
this guy tweeted 2h ago:

@BitcoinAnalyst
S3052
Bitcoin Technical Update: BTC/USD indeed fell towards 20$ as projected last night. If 18.2-20$ falls we may see an avalanche down to 10$

i am jumping off

so i can buy again when at 10, makes sense? feedback please

A highly unlikely (but not completely impossible) scenario.
Instead of selling now, you could buy some puts, here: https://bitoption.org/?closedate=2011-06-30
In particular, the one that's available at $1.6 with strike price $15
If this avalanche down to $10 holds and BTC trades at around $10, on 30th june the options you paid $1.6 for will be worth $5 each. Or you can create your own option at say $20 and see if someone is willing to sell to you.