btw i have moved from a sophisticated strategy (buy on Monday and sell on Friday) to watching Adam's post of BUY BUY BUY or SELL SELL SELL.... i hate to use this " if i can do it, you can do it"  BUY BUY BUY  |
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paypal just called me
they're not happy that i've been selling FTC
apparently this will have no effect on my account, I just have to reply to some e-mail with " i wont do it again " type thing.
i want to empty my paypal account and only use BTC from now on.
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This is my bet for the weekend dip:  i'm thinking 720 |
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The only thing that worries me is the possibility of a straight shot to the moon.  It is the most frightening thing that exists. It keeps 90% of my coins off the exchange. I'm showing moderate growth in my exchange account, but not enough to merit the risk of being light on bitcoin when this thing erupts... I don't understand this mentality. A jump to any sort of high level of price is going to take days and weeks and months. Why not ride it up when it's going up and down when it's going down? There's always time to jump back in. If you don't have the time or desire to pay close attention to the markets, then buy and hodl can be a decent strategy. I don't know, it just makes me nervous going to sleep with a trade open. I'll try to explain. I'm in a bit of an awkward position. I live in Canada. I'm a miner. The only reliable withdrawl method I've found is cavirtex. They charge me 1.5% per trade, so if I try to trade too close to the edge, I will get burned. However, the fiat withdrawls are fast (1 or 2 days) and directly into my bank account; the withdrawls also incur only a flat 6 dollar fee. So, I guess I'm trading as more of a hedge than an opportunity. A miners life for me  Why don't you trade elsewhere and only send coins to Virtex when you want to exit that position permanently? I mainly trade on BTC-E, paying .2% commission. 1.5% is crazy! cuz you're fucked if you don't get the trade right. i do the same thing, i eat the 1.5% fee because if i get knocked out, at least i can withdraw with ease and comfort i guess you can wait until the spread between btc-e and virtex is tight and use BTC to transfer the funds.... is it that headache worth 1.3% , not to me. |
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you're asking if you should speculate with the money you NEED, really? reeeeaallllllyyy?
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1) gox has been "collapsing" since they opened, they are really good at hanging on by a string, and i think they will continue to do so.
2) this can have a temporary effect on price, but as a HODLER you shouldn't care about short term price swings
3) i agree with you
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The only thing that worries me is the possibility of a straight shot to the moon. It is the most frightening thing that exists. It keeps 90% of my coins off the exchange. I'm showing moderate growth in my exchange account, but not enough to merit the risk of being light on bitcoin when this thing erupts... I don't understand this mentality. A jump to any sort of high level of price is going to take days and weeks and months. Why not ride it up when it's going up and down when it's going down? There's always time to jump back in. If you don't have the time or desire to pay close attention to the markets, then buy and hodl can be a decent strategy. I don't know, it just makes me nervous going to sleep with a trade open. I thought like you once, and waiting to buy back in after Bitcoin went north of $10, I knew I was going to nail this market. But do you think your problem was selling in the first place or that you misjudged the market and should have bought back in sooner? You would have had some great opportunities to buy back in after that rise and crash. There are some pretty awesome benefits of trading vs hodling though. Like for instance in that bloody day after the BTC-China news, I increased my account 60%. Hodlers did not. I'm all for hodling in a raging bull market Catching part a crash is easy. See the news, react to it. Wait 10 minutes to 2 hours. Buy back. Trading the market right now? Different story. You so sure we are in a bear market? Absolutely positive? Ok, if you are then you are smarter than me. Sure it looks heavy, but every day it doesn't go down is a day I would be worried if I was you. Anybody who thinks they have a read on this market better have access to some specific data --> actual cash inflow/outflow into and out of all exchanges, actual volume of off exchange purchases, prototypes and development stages of current bitcoin eco-system products and apps, pending announcements from large retailers, specific EFT approval status, miner sentiment, just to name a few. If you don't have access to these data points, then you are GUESSING right now not trading. And if you are trading the swings you better have trailing stops. I'm not a bear at all. Long term I'm bullish but it doesn't matter because I just trade whatever is happening at the time. Right now we're looking at this big sloppy symmetrical triangle breaking out in a downward direction. If that doesn't materialize, I'm sitting 100% fiat until something materializes up or down. I actually closed my previous trade and am sitting on my hands until there's some confirmation which looks like it'll take at least a few more hours if it happens at all. The great thing about trading is that you don't have to play all the time. Locking in small gains and more importantly not losing money are the way to go in my opinion. edit: This is just how my mind works. Don't mean to be down on anyone's strategy! Lots of opportunity for us all to make good money in this crazy market. very wize but you really have to take a sizeable position on the long term and not play with that. trading is fun and games taking the bitcoin bet is a once in a life time opportunity |
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Is it time to panic sell because of panic selling because of no bad news again?
And then panic buy in when it hits 950 again in a few days?
no no no now is the time to strategically sell a % of your coins as risk management / possible low buyback opportunity coming soon. |
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What is up with the sell off? It is not like the FBI is auctioning off the coins tomorrow. Plus there is some really good news out there today too with a major sports team taking BTC. Sometimes I just don't get it. Actually, I NEVER get it.  Yes, but they announced it. So now the price will reflect post-sale. Also new merchant is meh. They don't accept BTC as a currency. They only accept BTC as business. Yea it's good for BTC in general, but not good for the price. Hmm. I remember after the silk-road shut down announcement in Oct. there was a panic sell but then we proceeded to go on a run to the last ATH after that in November. So maybe this little panic sell off is a good sign? Well, I'm hoping for a huge panic sell off. :/ But looking at the new merchants accepting BTC, it looks like a mess dealing with refunds. Coinbase & Bitpay take no responsibility for BTC volatility and it's up to the merchant to figure it out themselves. I sense a lot of complaints in the future. It's not complicated. It will be handled like this; Do you agree to pay Overstock.com $100 You click yes you are agreeing to pay them $100 and your payment method is bitcoin Your $100 will be refunded via bitcoin, whether that equals 1B or 0.1B Bitcoin is not the currency but rather the method of transferring funds What if that's 10B and you only paid 1B? Do you see the problem now? they can use the dollars they get to market buy and send you that wtv that maybe. wats the problem? or store credit or no returns. |
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FBI would not be selling if they did not have buyers in ready "Loaded".
If this is the case it's a great sign as someone with $20 mil wants coins
i think they should split it up a bit on 20 paper wallets and auction them off. |
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Confirmed bad news = confirmed triangle breakdown.
too bad there is no bad news.. FBI private auctioning the bitcoin is a good thing.. we don't have to worry about them having a horde in the future well it all depends if they end up selling to an investor or a trader. |
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is this it? is this were the trend breaks and we test support in the 700's? i think so |
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CRRRRRRRRRAAAAAAAAAAAAAAAASHHHHHHHHHHHHHHH
TIME TO BUY SOME RIPPLES !!!
lol ripples I did some analysis yesterday and found a very low number of confirmed foreign language bad news sources about ripples, which to me suggests it's a buy right now.  wtf 800$ pre ripple? LMAO |
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CRRRRRRRRRAAAAAAAAAAAAAAAASHHHHHHHHHHHHHHH
TIME TO BUY SOME RIPPLES !!!
lol ripples |
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Coming soon to a bitcoin exchange near you! I cant wait!!! |
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"eBay UK to Allow Sale of Virtual Currency", I thought people could already sell wallets inside usb drives well technically no but i big fat did it anyway |
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PMed 004 and 010 SOLD! |
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the new daily candle is green again everyone HODL!!!!!
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SOON *img* thats nasty what happened he jumped because bitcoin. lol |
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