But you can't buy at the absolute bottom, only if you're really lucky. Almost always when you buy the price will go lower again afterwards, and probably more than you are comfortable with. So why not just choose a price you think is acceptable based on trend analysis and stuff and simply place buy orders there? I'm pretty sure you will get a better price this way rather than waiting for all your indicators to align and you are 100% sure we're in an uptrend that will continue for a while.
Go tell that to all the noobs that were told by Bitcoin Nutter that $800 Bitcoin was cheap Bitcoin, cos it was going 2 da moon, and that they should dive in with as much 'worthless fiat' as they could possibly muster. I was told that not only at $800, but was called crazy for selling $1000 Bitcoin on this forum. U should go and take a little look at TERA's thread: https://bitcointalk.org/index.php?topic=489756.0Neither the 1 day RSI or the MACD of this latest crash are consistent with the reversal of a bear phase. $400 might not be the bottom. Sure, maybe we'll go lower. I have Fiat waiting. Point is, I'm hedged against either outcome. |
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Man I wish I knew what the hell you guys were saying  I just look for a reasonably low price, try to get in there, and hold on. All this technical trading talk is hurting my head, lol You'll probably be just fine then. Unless the market continues to bear trend in which case he will be holding a bag full of overpriced vapour, like so many others around here who happened to buy into the HODL philosophy at the wrong time in the market. Once you have identified the long term trend (hint: UP) then you just want to get in at a good price. Bottom picking is a dirty business, so just buy when you think you're getting a good deal, and then if it goes lower take advantage and buy more. |
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Man I wish I knew what the hell you guys were saying I just look for a reasonably low price, try to get in there, and hold on. All this technical trading talk is hurting my head, lol You'll probably be just fine then. |
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Someone should stop mark destroying BTC
We are - we're making all kinds of memes and funny pictures. I for one spent 2 days on those masterful illustrations. |
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I'm ready for another Goxing; it brings me no end of amusement to see people burned time and time and time again.
I do feel bad for them, but I can't help but wonder: WHY??? WHY DID YOU CHOOSE MT GOX? |
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maybe we can catch him with a trap!  Shadow and everything. Mad skills.  Much better than my tekkers:   |
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OK my turn. I hope the following will happen. I have no money or BTC in GOX but it sounds like this is possibly going on which would be good for those goxxed. MtGOX is in the process of being taken over by a yet to be mentioned (hopefully competent) party. Investor has asked Mark to stop all forms of communication without approval of investor to stop any false promisses or problems. Investor forced MtGOX offline to look into the exact depth of the mess and to prevent further hacks. Depending on the mess they will invest or not. Investor is looking into a solution to all whom got goxxed. If investors name leaks the deal is off since they do not want to be associated to this mess  Next milestones - Site magically starts up again around 1 april with new rebranding (leaked fake document  ) - Directly followed by the presentation of new management including takeover announcement and a new CEO. - With a new CEO Mark Karpeles can officially step down. He will officially appologise for the mess he made and take the fall for all the shit that went wrong. (In Japan I would expect him to cut off a finger or nipple like in the movies  ) - A day or two later a plan for helping goxxed people get's communicated. - Business resumes... - Withdrawls get enabled in a limited fashion. - Slow recovery and build new trust..... - LTC support implemented (finally) |
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I can see MtGox coming back. But what will be the most puzzling thing will be the people that still use that exchange.
I very much doubt we've exhausted the worlds supply of idiots, given that only a very small percentage of the population even use Bitcoin |
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During this Gox scare I bought a few at 600ish and under. Only a weak-handed fool would SLEL.
But damn, Litecoins are tempting right now... Which wouldn't be a problem if my BTC-e account wasn't locked.
Could help you get some LTC if you trust me... |
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i bought below 500, couldn't resist.
+1 Also scooped up a few at 550 a few weeks ago, I will not sell those for any less than double what I payed for them. |
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http://www.reddit.com/r/Bitcoin/comments/1mr91m/i_am_the_ceo_of_neo_the_bee_payment_network_in/There was a lot of hype surrounding NEOBEE when they first launched - you could buy shares on the now no longer operational Bitfunder - I actually read over their company profile and remember being fairly impressed - enough so that I bought some shares. I forgot about them until Bitfunder closed down, and NEOBEE did a great job of migrating the shares to a new platform (their own platform I believe). Nice to see they are ready to launch, I look forward to seeing how things go. I'm also quite keen to have one of those Bee cards in my wallet...
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Fuck it, why not eh? Its only money. In fact, most of the world don't even consider it that.
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At this point, the bulls are just the suckers who bought in way too high.
I am bullish for 2014. I bought at ~10 USD. I'm expecting that once the dust settles, we will hopefully get a bit of stability for a while, and then the next move should be yet another spectacular rally. I'd say we'll see a new ATH by summer. |
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hmmm seans outpost is gambling I see
What does this have to do with Sean's outpost  |
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My address: https://blockchain.info/address/1MVb3rhB18WZKvh2FgskhjmmoAhB7th3Y1 As you can see, a series of payments, and then 130% return within a few minutes. Please be aware, this is a ponzi scheme, the end game is that the very last investors will not see a return. Having said that, I guess this could go on for a while... I am pretty happy with my ~0.18 BTC profit in 40 minutes, so I will now quit while I'm ahead. But good luck to ya, t'was an interesting experience for me.  |
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Hey, just thought I'd weigh in here: I saw this post and thought, 'what the hell, lets see what happens' so I sent a small amount of coin, and whaddya know, 130% returned in minutes. I repeated the process a few times and its definitely legit. Having said that, its also a ponzi scheme... So, a genuine ponzi scheme right here, join in if you want, but don't send anything more than you would willingly lose - this is pure gambling, like playing SD or something.
I was just bored, and somewhat curious.
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Hey, those frappuccinos aren't exactly cheap.
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I was all for Max until maxcoin, lol. Now he just looks like an idiot, supporting every dumbass crypto out there. I probably have more respect for dogecoin than maxcoin, rofl.
@Maxkeiser It was Quarkcoin that changed my opinion - Up until then, sure you were a bit off the wall, but I found that quite entertaining. And I thought you were completely fair in your LTC call and also incredibly accurate (although I think that was a case of self fulfilling prophecy). But Quark? WTF?? Why sell out like that? You had a good thing going, plenty of supporters despite your somewhat crazy demeanour, but now you've lost a lot of that support IMO. Tone it down a bit, focus on something else for a while, then come back when it all blows over. Just my advice though, who am I to tell you what to do? Do whatever you want mate, its your show. And thanks for your contribution over the last few years, just don't throw it all away to greed. Cheers. (I wonder if he reads these boards?) |
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I have .20BTC in Crypsty that I use for day trading (as a hobby). As of now I'm trading only Bitcoin, Litecoin, and Dogecoin.
I check Cryptsy at a minimum of 4X daily (8AM, 1PM, 5PM, 8PM). Simply put, if my investment value is up .01 BTC, I trade in full (all or nothing). Otherwise I wait. No emotion, no speculation...just numbers.
As,of now I have 94,000 Dogecoin with a current value of roughly .180 BTC. So I'm down, which sucks. But if and when I see the value of those Dogecoins are worth .210 BTC or roughly 8.5LTC, I'll make a complete swap.
My goal is to climb the ladder from .20 BTC to .50BTC. So far I'm down.
Keep a close eye on LTC. If it slides down to a nice low, maybe below 0.02 or even 0.01, just switch everything up into LTC and then wait patiently. You may be waiting months, but when that shit rallies against BTC, it doesn't fuck about. You could easily see 5x from 0.01 to 0.05, and LTC is a fairly safe hold IMO. |
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