I'm not a gambler either. Tried trading, wasn't for me. It's too much exhausting work to try and stay on top of things (at least as much as is needed to be competitive in trading), so I am just an accumulator as well. My time is better spent earning money elsewhere so I can use that money to keep buying more coins. I buy them assuming I'm throwing the money away, so if they are worth $0 or $300,000 in a year I won't sell. My average buy in price is something like $200 for my 210 coins, so I feel lucky. Although my buddy Jake told me about bitcoin when they were worth like 20 bucks and I dismissed him... darn!
I know what you mean. I first heard about Bitcoin when it was $12-$15. By the time I figured it wasn't a scam it was already over $30. By the time I was actually able to buy some it had doubled again. Snooze you lose.
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I am not sure exactly my strategy if we were to have another 10x bubble in the near future because that kind of price movement, depending on whether it occurs quickly, would cause a lot of temptation to sell a lot of bitcoins; however, even with a 10x increase in the price, a person would not need to sell all of his/her bitcoins in order to take reasonable measures to protect the investment.
For example, if a person has about 100BTC, then he knows that every dollar BTC goes up, he has $100 profits. Therefore, he could sell some of those profits and maintain the principle... There are probably as many strategies as there are people; however, I am mostly similar to you in the sense that I am attempting to accumulate overall (even though at the moment, your average BTC buy price seems to be a whole hell-a-va lot lower than mine)
When I first bought bitcoins (starting at $68) I figured I'd sell enough to recoup my original investment when the price had tripled in value. By the peak of the spring 2013 bubble, my average price had risen to about $120 and the market price only reached $266, a hundred bucks shy. When the "dead cat" bounce took the price back up to $155 after the crash down to $50, I sold some coins and was feeling fairly smug after making a 30% profit after a crash. It didn't take long to realize I wanted to buy more bitcoins though. Luckily I was able to buy back in for $97. Now I realize that if I sold any coins, I'd only end up buying them back again, probably at a higher price. I happened to get lucky with my timing then but I can't count on being that lucky again. I'm not a gambler by nature (in fact I'm adamantly anti-gambling for myself) so I'll stick to the slow and safe.
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This thread title reminds me of, "no more triple digits in 2013". We saw how that turned out. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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...these things sometimes can take time.. maybe a lot longer than any of us (potentially weak hands, including myself) have to have sufficient patience to wait it out and keep buying more than we sell if we really believe in BTC as the best of the cryptos.
I guess it depends on why a person buys Bitcoin. If one buys bitcoins to sell them, it's not surprising to see a certain amount of impatience. "We want the world and we want it now." Those of us in slow-accumulation mode don't care. If the price goes down, it's a buying opportunity. If the price goes up too sharply, it means that if we absolutely must sell some coins, we'll make a larger fiat profit. Win-win.
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Good morning Bitcoinland. Still going roughly sideways but with a slight edge upward. I guess Bitcoin's not dead after all. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Let's get past $420 and onward up.
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Good morning Bitcoinland. I see the small window of buying opportunity is closing fast.
I hope everyone got their cheap coins yesterday when the price was below $400. I also hope nobody here was foolish enough to sell at such a low price, although obviously someone had to sell cheap in order for the smarter ones to buy.
Sideways for a while or back up over $420?
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A late good morning Bitcoinland. Stayed out way too late last night and slept in by a couple of hours. I see I might have missed a great buying opportunity by sleeping in. I'd better get going before the price goes back over $400 for good. I didn't consider the dip from the $440 range to the $420 range be buyable. $400 certainly is. _____ Gotta love how whenever we dip by 5% the FUDsters, anti-Bitcoin trolls and alt shills reach the frenzy point. Ooooh, it's the end of Bitcoin. Fullblocalypse is upon us. Sell everything. The sky is falling. Cluck cluck cluck. LOL ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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An early good morning Bitcoinland.
Despite waking up early, I see last night's buying opportunity has already vanished, just as I feared it would.
Oh well, next time. For now, go Bitcoin go.
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Wow 2 nights in a row. Just got home from the bar to see I missed the action again.
Maybe it'll still be low enough in the morning to buy the dip.
Don't ever go to a bar no more! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) We had a hell of dump actually. I'm having a coffee trying to recover from both a sleepless night and a misty morning with low btc ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) price >>>Don't ever go to a bar no more!<<< That's like telling a fish not to swim. >>>I'm having a coffee trying to recover from both a sleepless night and a misty morning with low btc ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) price<<< I'm having dinner trying to recover from a night of drinking and hoping I'll still be able to buy BTC below $220 in the morning (crack of noon EST). No chix tonite. Maybe I'll wake up early. Not looking good so far.
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Wow 2 nights in a row. Just got home from the bar to see I missed the action again.
Maybe it'll still be low enough in the morning to buy the dip.
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signs of war in the heavens ... or is it the blockapocalypse?
Repent! pm luke-jr for further instructionsWooooow!!! A piece of toast with a picture of my art teacher from school!!! Is that "religious artifact" embedded in polymethyl methacrylate? What a great idea. I wonder how long before the toasted-in image begins to fade. Long enough to sell 'em on eBay I'd think.
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Chix like geex. Or at least their money. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi664.photobucket.com%2Falbums%2Fvv10%2FJimboToronto%2Fmichael-marlen-cowpland.jpg&t=663&c=PpqqV8Bz3Rfm_g)
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The price rose from $410 to $450, now it is $410 again. The price is really very volatile. I am not a good trader.
The price didn't go down to $410. It met firm support above $16 repeatedly and seems to be hovering around $420 now. This is where we were for a half a week before Saturday's rise saw it go to the $440 range for a couple of days. Today's dip is just the flip side of Saturday's excess. No big thing.
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A very late good morning Bitcoinland. Down by $20 I see, which amounts to 4.5% dip.
Too bad it's not quite enough for me to consider buyable. Just an annoying little speed bump on the road up.
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Just got home to see I missed the action by minutes.
No one else here? I only see Chartbuddy.
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Why is there nothing parenthetical after my name? What am I? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) A joker? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Monkey anticipates recovering 450 over the next 2 or 3 days, then a small-ish correction before resuming a weekly uptrend.
I won't argue with monkey. I also see returning to $450 within a few days but I thought we just had the predictable $450 correction, all the way down to under $430 before the equally predictable return to $440. What surprised me was how quickly it happened. It usually takes a day or two, not just a few hours.
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Good morning Bitcoinland.
Still stuck around $440, eh?
Let's get this thing moving up.
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its been pretty sideways since we first hit $500 i would say (big picture)
Say what? Since we first hit $500 it more than doubled to over $1000, fell to less than $200, went over $500 again and down to $300 before reaching $450. Those are some pretty extreme fluctuations, hardly what I'd call sideways.
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Good morning Bitcoinland. Seems I missed a little drama last night. I leave to go out for Saturday night with the price hovering around $440, make it home this afternoon and it's $436. That's not surprising. What is surprising is that it went all the way up to $451 and then all the way down to $428 before ending right back where it was yesterday. Meanwhile some people around here are acting as if the price had crashed. NLC is posting Tinkerball pix and Abercrombie is asking if crypto is dead. Silly little bears. Sigh. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi664.photobucket.com%2Falbums%2Fvv10%2FJimboToronto%2Fboohoo.jpg&t=663&c=uZO_Tmo7eB7uSg)
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