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Previously-collected £20 have been sent to the Trust in donation with order number 131218-10788
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Stop thinking too much about regrets mate, it won't bring you anywhere. We could all be multi millionaires if there's no regrets, you can't make it right each time, nobody can't.
Thanks for the words of support. Only time will tell if I take anything from analyzing these emotions, but I think that making oneself aware of them is the first step in bringing ones emotions under control and thus making better decisions. If you're going to analyze them then at least do it when there's no much action. Days like this are not right time to analyze emotions as they could push you to make wrong decisions, and market is already too crazy in days like this one to afford that to happen. Try to make some profits, as long as you are in profit, it's easier to swallow that you could be even in bigger one. I made like 3500$ on LTC today in 20 minutes or so, could make 8k if I waited half an hour more. But fuck it, I worked like 3 months for those 3500$ before Bitcoin, it's great. Thank you, I'll take that into account. By the way, someone mentioned paper trades. I am better at those than at actual trades.  It's quiet different actually pushing that sell or buy button. Oh, and congratulations on the great LTC trading. I am usually happy when I don't turn up a loss and make 0.5-1 BTC from my trades. And I don't think I am brave enough to trade alts - then I'd have to keep track of even more markets and I barely manage to keep track of BTC/USD.  |
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I have a ton of tabs, including this site and FireFox is only at 4% CPU load. |
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Stop thinking too much about regrets mate, it won't bring you anywhere. We could all be multi millionaires if there's no regrets, you can't make it right each time, nobody can't.
Thanks for the words of support. Only time will tell if I take anything from analysing these emotions, but I think that making oneself aware of them is the first step in bringing ones emotions under control and thus making better decisions. |
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I don't think I've experienced as many occasions for regret during my entire rather long life, as I did during the last month.
Just take your pick for the day:
I should have sold earlier/later.
I shouldn't have sold.
I should have bought earlier/later.
I shouldn't have bought.
I should have gone all in.
I should have been all out.
I should have been 50/50.
I should have placed a bid beforehand.
I should have placed that bit just a bit higher/lower.
I should have spread the bids.
I should have placed just one big bid.
Need to ponder over it. Maybe I am expecting too much from myself. I think there is also a healthy amount of greed at work. This often makes me second-guess my decisions and procrastinate a buy/sell a little bit longer, waiting for that last little spike/dip, or to place bids just a little too far out of reach of to think that I can place bids later, when I am sure that the price is were I want it to be.
At least I managed to decouple myself from fear earlier, and it helped a lot. I did a small botched sell on the way up, and it looks botched in the current situation. Before I would have rushed to undo it at a loss. Now I'll wait and see. From my experience almost all prices get visited at least twice. But I need to place a realistic bid, for now it's greed on the emotional termination list.
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It amazes me how difficult some people find it in life to give credit where it is due. I guess it's just a lot of embarrassment kicking in now for the bulls who did nothing but mock bears for the past 2 months for attempting to be rational about the situation we were currently in. If anything this recent rally has taught me who in this thread is the day dreamers, the shit talkers and those who are blatantly blind based on their investment. Bitcoin does attract a strange group of folk, I must say.
There are some rational bears, but they are a minority and rpietila is not one of them. Protip: Rational bears don't sell at $700, then buy back higher and start screaming that we're headed to the moon shortly before we top out. From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world. Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B. I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others. This +1000! You should post it as a separate thread. This is exactly the mental process that I went through at some point. I mainly scoff at fiat-denominated losses as long as my bitcoin position gets stronger. True, it could have gotten even stronger if I traded smarter or was more daring, but the most important thing is the extra bitcoins that trickle into my cold storage. Everyone here, who scrambles to get more bitcoins is a bull at heart, because they believe that Bitcoin has great future ahead of it. |
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Damn, why did I sleep through all the action?
And more importantly, why didn't I place the low bids around $400 that I intended to put there? Didn't see us go down this fast...
Welcome to the club. I did exacly the same mistake last week when it visited 550... |
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It will always go up and down, but never that down again (talking Bitstamp). All my downside targets are fulfilled, so basically bitcoin can resume uptrend.
Trendtargets:
31.12. - 479
31.1. - 608
Welcome back. Good to hear from you again! I should have had more faith in your prediction and stayed all fiat since you disappeared around 850-900 and ignored the swings. I would have made a fortune (or at least, would have doubled my position). Instead I jumped in and out, making a steady trickle of BTC, at the overall loss in fiat-denominated value. |
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Damn this bloody hindsight and cautiousness.
I should have gone all fiat yesterday evening at 700, and I definitely should have gone all fiat this morning at 583. Now we are down to 430.
If I had more balls (which I don't have after my earlier trades), I would have made between 10 and 20 BTC today. As it is, I only made 1.5BTC
And now I definitely think is too late to sell. Waiting for a rebound and a second dip.
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What's up with the trades in China?! http://bitcointicker.co/combined/Oh, and good-night everyone. Today was slightly fruitful, bringing in 0.8 BTC, traded only by placing two sets of limit orders in the morning and the evening. I am done panic-doing whatever. I would really like to see a day with like 500,000 volume on mtgox to give me confidence that a bottom is in. I've been watching all the exchanges and all of the action has been weaksauce - no evidence of any kind real capitulation , plus they're still following BT China which is a sinking ship.
Everyone needs to start following Bitstamp! |
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somtimes i just want to dump all my money into BTC and run away from my problems  BUY BUY BUY! There's always one more trade... |
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Good morning from Europe!
What a rough bouncy wake-up.
My pessimistic overnight call of 661 paid off with 1.3BTC in profit.
Now I caught the upward leg of the bounce and been selling at intervals between 703 and 740.
Will see if it was a stupid, sleep-addled move and we are off to the moon, or if we'll revisit 600-s again...
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Good night, every one. I'll let the night decide if I made the right choice. I'll tell in the morning.
EDIT: I'm in this position, because I couldn't resist making "just one more trade". Damn. Another lesson learnt.
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I made an interesting observation. If I just held fiat from the morning and didn't do any trade, then bought back about an hour ago, I would have made 10BTC.
As it stands now, I only made 3.
I look at it as an insurance that I secure BTC at lower price and don't botch the bottom (like I did the previous time, when I didn't place a buy order at 550 and then waited through 650 and 750, expecting a second drop).
Still, not making the full potential stings..
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This thing is testing my resolve not to buy back at a minute loss from the previous averaged sell.
Wonder if I just should place a lower buy order and go to bed...
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BTC-E decided to take a small plunge.  |
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notice how everybody ignores gox now in this thread?
Yes. I am following this http://bitcointicker.co/combined/ , and I am glued to the lower left and upper right corners  |
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I really start feeling stupid for not selling a single coin since I bought some in late summer... It seems that all bulls sold at least some of their coins during the runup?
But on the other side, I do not have many coins and I believe a much greater value will be achieved during the next years, so I don't want to "lose" some due to bad trading (even I'd profit $-wise).
It just feels strange to lose more dollars than I ever owned...
I thought the same on April this year. Calm down, everybody. True, however, if you made profit, I'd suggest to cash out at least the initial investment. Does wonders to your sanity and the sense of serenity during the turbulent times such as this. But don't cash out now. |
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To da moon (again)?  Called rebound.. or pig trap. The love to sell @ bottom and rebuy @ top of dead cat bounce -> repeat x-times and cry Too true. Sold on the way up at intervals. Didn't catch 728 (only 708) and had an order for 730. |
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