Buying, holding, trading, spending, gambling like a boss.
Reminds me of that Daft Punk song. Technologic. Me myself 80% fiat, cause I'm piss poor, broke and in overall bad situation in the world. No strength to hold. So... $80 in fiat, $20 in coins? |
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Nothing will move the price much before we get China out of our system.
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People are starting to suffer from 'Waiting for Teh Dump fatigue'. When wait for dump fatigue is strong enough, dump will happen. Law of the universe.
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Weird timing on that stamp buy.
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Pfft, only 40,000 coins... Thought for a moment he was a heavyweight.  |
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There is a guy called Loaded who owns 200k coins?  |
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Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.
if you knew about bitcoin when it was 1000 than sure 550-600 is really cheap, if you knew about bitcoin when it was $10 and if you were present on the crashes we had than 500-650 still looks optimistic, although I have to point out that any move you do now is really risky because bitcoin by nature is unpredictable. I know that I risk so much but I make sure that I wont regret my action if the price will start climbing so fast.... most of the time I am all BTC but when I have the sense of the price going down I sell 50% and open limit orders and wait, if the price start climbing back my strategy is to cash out. since I invested in bitcoin, I cashed out less than 15% of my holdings, I always think about cashing out some of my profits but I always buy back because at the moment I don't really need that cash... When comparing how the price looks for a person knowing bitcoin when it was at $10 with a person getting to know it the last months, you have to take into account how enormous Bitcoins progress towards adaption has been. At $10 it was basically just a bet for the pure visionaries, totally unproven in all aspects but the theoretical. At $1000 we were dealing with something that just might change the concept of money as we know it. Since then the price has halved, and apart from the China spectacle, the good news keep rolling in. Personally I am fully accepting towards the prospect of losing my entire Bitcoin investment, but I will not risk the regret of not acting on and taking the chance on something that resonates completely with me. I have a strong feeling Bitcoin will change the world. If it doesn't, I will go on with a smile on my face, feeling good that i did what i believed to be right.  bitcoin was a revolution since day one, sure we achieved allot this year and next year will see even a bigger boom, Bitcoin investment will pay out long term no matter when you buy, but being on the speculation sub-forum means that you want to catch the ups and downs, otherwise you would just buy and HODL  I guess you are right  But that does not imply that I doubt Bitcoin. It just means I want to increase my position. I also put more fiat into it regularly, every time my finances can accomodate it. |
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Just itching to buy back in... this is torture!
I have sold at 670, two days ago. Since then, the price went up to 720, went down to 550 and kept fluctuating so I can say that I do know the feeling, even though I'm in this thing for only 2-3 weeks now. Now, the itch and anxiety have faded, and I'm just watching and waiting for the perfect moment to jump back in, but not before we get to another low. Be patient and have some sort of a plan, any plan; that will help drive the anxiety away. In it for 2-3 weeks.. Does that mean you bought in at +$1000? |
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Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.
if you knew about bitcoin when it was 1000 than sure 550-600 is really cheap, if you knew about bitcoin when it was $10 and if you were present on the crashes we had than 500-650 still looks optimistic, although I have to point out that any move you do now is really risky because bitcoin by nature is unpredictable. I know that I risk so much but I make sure that I wont regret my action if the price will start climbing so fast.... most of the time I am all BTC but when I have the sense of the price going down I sell 50% and open limit orders and wait, if the price start climbing back my strategy is to cash out. since I invested in bitcoin, I cashed out less than 15% of my holdings, I always think about cashing out some of my profits but I always buy back because at the moment I don't really need that cash... When comparing how the price looks for a person knowing bitcoin when it was at $10 with a person getting to know it the last months, you have to take into account how enormous Bitcoins progress towards adaption has been. At $10 it was basically just a bet for the pure visionaries, totally unproven in all aspects but the theoretical. At $1000 we were dealing with something that just might change the concept of money as we know it. Since then the price has halved, and apart from the China spectacle, the good news keep rolling in. Personally I am fully accepting towards the prospect of losing my entire Bitcoin investment, but I will not risk the regret of not acting on and taking the chance on something that resonates completely with me. I have a strong feeling Bitcoin will change the world. If it doesn't, I will go on with a smile on my face, feeling good that i did what i believed to be right. |
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Just itching to buy back in... this is torture!
I know that feeling Worst thing to imagine is standing at the station with your pockets full of fiat, seeing the train gaining speed in the horizon... |
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Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.
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Why are people still selling?
Look at that tidal wave of bid orders + triple bottom!
Am I missing something?
Bottom is far away. China bought a crapload of coins. They need to sell them till jan 31 and they will. I would not advise to keep 100% btc. How come you are so enlightened about the needs of the Chinese people? Chinese new year is coming up right after their cashout deadline. Source: I am Chinese. So this Chinese new year makes it impossible to just hold the coins on another exchange or in a wallet? Must be year of the compulsive spending rat. |
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Why are people still selling?
Look at that tidal wave of bid orders + triple bottom!
Am I missing something?
Bottom is far away. China bought a crapload of coins. They need to sell them till jan 31 and they will. I would not advise to keep 100% btc. How come you are so enlightened about the needs of the Chinese people? |
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Why are people still selling?
Look at that tidal wave of bid orders + triple bottom!
Am I missing something?
Rpietila said he was selling. Stop asking questions! |
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Also, why would Rpietila put extra selling pressure on Gox, while waiting for his BTC to be confirmed?
It's not a big deal really, but good thing is that now it's cleared. I'm just maybe starting to believe my own Elliott Wave interpretation and not sell...  You hear that cattle herd, HOLD HOLD! |
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Also, why would Rpietila put extra selling pressure on Gox, while waiting for his BTC to be confirmed?
I was this in mind when I was asking my question, I just don't understand why Loaded would inform others that he is going to large buy for his client, in order to make price even higher before he will buy? I don't get it If it looks like you are being manipulated, and it smells like you are being manipulated and it sounds like you are being manipulated.... You are probably being manipulated |
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Also, why would Rpietila put extra selling pressure on Gox, while waiting for his BTC to be confirmed?
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So now everyone is agreeing that SELL is the thing? Sounds like someone is being manipulated..
I would argue that it is good analysis. As the buys and bullishness was fading off... didn't understand last part you said I'm just saying that if playing and winning the Bitcoin day trade game was as easy as following the herd blindly, we would all be filthy rich. |
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So now everyone is agreeing that SELL is the thing? Sounds like someone is being manipulated..
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Probability is high that there was more to that wallguy action than first interpreted by bitcointalk expertise. Anyways, I used the opportunity to buy back in. Hated sitting in fiat, my belief in Bitcoin is rock solid. Have a feeling it will go lower before this is over, but now I can breathe easy. Hodling since december 21! |
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