Bitcoin Forum

the whole world starts watching the bitcoin price (yahoo, google, etc.) and then the price is still subject to such erratic behaviour? shame on everyone trading.  >:(

Well, if it goes higher, it might actually look like an overall gain I guess.

World pop. gettin a little taste of what a honeybadger is about

Right. Why can't everyone just be nice and hodl, like they do in the markets of fiat currencies... oh yeah, right.

shame on you for being mean to your own kind.

What erratic behaviour? This is the normal bitcoin market...

exactly. WTF do you think this is? [No offense intended]. We are on the edge of transformative sea change - this is what it looks and feels like. And it is not going to get smooth and pretty some time soon. No one who understands what is going on expects that. Get over it.

6 months from now, those google and yahoo charts are going to be like super magnets for the next waves of money coming into the game...

enjoy it all.

It's crazy how quickly the sentiment changes around here in a heartbeat.   If we go up by $50 in one day, there is immediate talk of crossing the $1,000 or new all time highs.   When we go down by $50, people act like the sky is falling...

lol so true. Last week at 680, 700 looked easy (especially to me). Now its like oh noes  :-\

FBI selling 30,000 Coins, that's what is causing the crash.

 http://www.usmarshals.gov/assets/2014/bitcoins/  (http://www.usmarshals.gov/assets/2014/bitcoins/)

Thanks for the coins.

https://i.imgur.com/nWV1FH1.png

This sub-forum is dedicated to those who are short-sighted.  

-B-

Could have spent only $4k for that same 10 coins just a couple weeks back. But I get it. You need to prove/show you cought a dip for the internet friends lol

I bought coins then also.

In addition, I bought some at $340

Tera posted sub 400 coin pics as well (If I recall correctly)

I have to admit I was a little scared from this dip and thought about selling a few coins. I just bought another coin when it was about 630 so I am up to 10 coins with an average of 530 so hopefully it will go back up. Already sitting at around 600 now. Everyone could have bought when it was down around 420, I was hesitant because I thought it would go lower. (and it did to 350 but still didn't buy)  :-\

I thought when it dipped to 630 that was a decent deal

Most of the seasoned people here were urging people to keep buying when it was in the low $400s...

Always look at the volume on Stamp before you sell.  In this case there was about 20K btc volume on a 4 hour candle which had eclipsed anything that had happened in the past 2 months. We were also on a fib line at $560 and the trendline that everyone is following is at $530, as well as various EMA lines on the 1D, 3D and 1W charts. The 'news' behind the selloff was weak as well - Someone is going to sell some coins (at auction. not even on an exchange)- so what? What does this have to do with the fundamentals of Bitcoin?

me personally I was still reading about bitcoin, wasn't sure if I wanted to just drop 4-5k on bitcoin and getting my coinbase account set up so that is why I was a little hesitant. It seems like a lot of people don't ever factor in comfort level when assessing peoples decisions to hold/sell etc. It made more sense to me (imo) to slowly get into bitcoin and buy more coins as the price moved and I learned more.


Sure I could have bought 10 at 350 but I ended up buying at average 530. (that high because I bought my last 2 around 630) Even the 580-590 it is at now that is still in the plus, is that considered a failure? Looked a lot better when it was close to 700 obv

certainly not a failure. and hold those coins until you see multiple thousands and it sure won't be. should have bought ten at 350 thought, but hindsight is always 20-20 right?

Agreed. But it was also an excellent opportunity for a short term trade.

I had originally planned to not get into this swing, but at some point it became clear there was real panic building up. And there was that tasty wall at 600. Out at 600, back in at around 555, minus slippage on the re buy and that was still a pretty safe 5% coin profit. Pleasant surprise.

So you sold around 800 coins to $600 wall? And bought them back around $555? =D Nicely done. Pretty risky I would say, but if you know what you're doing then it's not so risky. I'm still waiting to here from your RI indicator in this swing.

I would have traded this if my coins were on an exchange, but they're in cold storage, and I don't consider it worth the risk to take them out of cold storage just to make a single trade during a bull trend. Your 5% gain could be a 100% loss if the exchange dies, your account is stolen, or you fuck up transferring or resecuring the coins.

True. But a) not all my coins are on an exchange, and b) if I had always avoided the counter party risk, I would have never had the amount of them I have now. Nevermind. Just realized you were talking about the risk you would face when un-coldstoring for a single trade. Agreed then.

Just as they were urging people to buy in $800s back in January of this year. Bitcoin Nutters are urging people to buy all the time so of course they were urging people to buy in $400s, $500s, $600s, and so on forever more.

Most 'seasoned' people here are not worth listening to, save for the odd notable exceptions.

Well put, and great advice to consider fundamentals, volume, and technicals before making a trade.