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Title: Lower Price Pundits Set Straight Post by: smoothie on April 13, 2013, 06:02:20 AM All of you people who believe bitcoin will "crash to $2X.XX" or lower or believe we are in for a slow slide down...think again.
The stage has been set with Cyprus being the warning shot to you fools who want to keep your fiat on deposit at the banks (yes or even on a Bitcoin exchange) for Bitcoin to usher in a new payment/currency paradigm. BE YOUR OWN CENTRAL BANK. The genie is out of the bottle. Even if bitcoin dies (likely it won't any time soon), the idea of a cryptocurrency will live on and live strong. For those of you who think you can game the system and the market by buying low and selling high, I will reiterate what Cypherdoc has said previously...the risk of selling to buy back in lower and have the market run away from you is too great. Just look at all the fools who sold 10,000+ coins at $29, $30, $31, $34, $52, etc .... and each time having to buy back higher. Yes we may see prices go side ways for a month (who knows)...but if you sold at $9 in October 2012 hoping to buy back lower, you would be still waiting 6 months and having to buy back in at 5-10 times higher prices at least. Have fun praying to the bitcoin bear gods for lower prices (continually). ;D ;D ;D Title: Re: Lower Price Pundits Set Straight Post by: Ichthyo on April 13, 2013, 07:07:50 AM Generally I concur. But... For those of you who think you can game the system and the market by buying low and selling high, I will reiterate what Cypherdoc has said previously...the risk of selling to buy back in lower and have the market run away from you is too great. This seems a bit exaggerated, since you leave risk out of the picture. Actually selling at $31 and buying back at $38 can be a clever move, given the often increased instability and thus high probability of a correction right after passing a psychological barrier. The maximal profit amount is not the most likely amount you'll make, at least when observing over a longer time span. Title: Re: Lower Price Pundits Set Straight Post by: smoothie on April 13, 2013, 07:14:43 AM Generally I concur. But... For those of you who think you can game the system and the market by buying low and selling high, I will reiterate what Cypherdoc has said previously...the risk of selling to buy back in lower and have the market run away from you is too great. This seems a bit exaggerated, since you leave risk out of the picture. Actually selling at $31 and buying back at $38 can be a clever move, given the often increased instability and thus high probability of a correction right after passing a psychological barrier. The maximal profit amount is not the most likely amount you'll make, at least when observing over a longer time span. So are you saying you want to sell to me now and buy back at a higher price? Sounds good name your volume, price, and escrow. Thanks. EDIT: The capital that I have in bitcoins is that of which I can afford to lose (i.e. profits only). So no risk here. Only upside in our current hyperinflationary monetary paradigm we are currently in. Title: Re: Lower Price Pundits Set Straight Post by: oakpacific on April 13, 2013, 07:36:16 AM For those of you who think you can game the system and the market by buying low and selling high, I will reiterate what Cypherdoc has said previously...the risk of selling to buy back in lower and have the market run away from you is too great. I beg to differ a bit here--I personally don't sell at the dip, but whenever the price increases by a certain percentage, only a small percentage of my holding of course, something like 5%-10%. And it turns out that, bears never disappointed me one time, they always handed back their coins to me cheaper than I sold. ;D But I don't think this is going to work for quite a while--seeing how they fire sale nearly 1 million bitcoins at ridiculously low prices I think their wallets will remain empty for some time. ;) Title: Re: Lower Price Pundits Set Straight Post by: shibaji on April 13, 2013, 08:05:35 AM Just buy and hold for some time. Avoid the rush, and keep the blood pressure in check.
Title: Re: Lower Price Pundits Set Straight Post by: smoothie on April 13, 2013, 09:00:41 AM For those of you who think you can game the system and the market by buying low and selling high, I will reiterate what Cypherdoc has said previously...the risk of selling to buy back in lower and have the market run away from you is too great. I beg to differ a bit here--I personally don't sell at the dip, but whenever the price increases by a certain percentage, only a small percentage of my holding of course, something like 5%-10%. And it turns out that, bears never disappointed me one time, they always handed back their coins to me cheaper than I sold. ;D But I don't think this is going to work for quite a while--seeing how they fire sale nearly 1 million bitcoins at ridiculously low prices I think their wallets will remain empty for some time. ;) You clearly are not who I was referring to. I am talking about those who sell out of coins. Title: Re: Lower Price Pundits Set Straight Post by: oakpacific on April 13, 2013, 09:10:31 AM For those of you who think you can game the system and the market by buying low and selling high, I will reiterate what Cypherdoc has said previously...the risk of selling to buy back in lower and have the market run away from you is too great. I beg to differ a bit here--I personally don't sell at the dip, but whenever the price increases by a certain percentage, only a small percentage of my holding of course, something like 5%-10%. And it turns out that, bears never disappointed me one time, they always handed back their coins to me cheaper than I sold. ;D But I don't think this is going to work for quite a while--seeing how they fire sale nearly 1 million bitcoins at ridiculously low prices I think their wallets will remain empty for some time. ;) You clearly are not who I was referring to. I am talking about those who sell out of coins. Ah right, then let's just say I tried to explain why those who thought they can game the system got no chance(seeing that you actually want to make a serious post this time :D): there are many guys even more aggressive than me waiting for their coins--what happened yesterday. |