And this is why nobody should listen to anybody for trading advice on this forum.

It's great that some people get lucky and make profits, and that experienced traders use volatility to their advantage. It creates market depth, which is a good thing.

I'm probably preaching to the choir, but there are sharks in the water and most noobs are armed with little more than a leaky inner tube

Now what I'd like to see are traders who brag about their bad trades. That would be entertaining, and sobering to newbies who think its easy to "double their stash".

I sure hope he has a few. You do have to understand about sentiment surrounding these massive, logarithmic price movements. There are always those who can't see the forest through the trees, and cannot imagine a higher price than today, or this week. It was the same when Bitcoin was $10, and will be if it reaches $10,000.

I'm partially in, having invested a percentage of my savings, some credit cards, and subsequent extra monthly income. When I first read about Bitcoin in April, I was immediately hooked and was glued to my computer for a week learning about it. I had to get invested somehow. My method of acquiring coins, however, is a bit of a roundabout story...

Back in May, I bought thousands of dollars worth of ASIC equipment in bitcoins, thinking it would be a brilliant idea to build miners based on an unfinished open-source project with chips that didn't exist yet. It was risky. At that time Bitcoin had just crashed from an ATH of $266 to $60. It then stabilized around $80-$130, which is when I bought most of my coins to pay for the hardware. Back then, GPU mining was still profitable and ASICS were just arriving on the scene. If we could get the chips and finish the board design on time, we would be second only to Avalon in having working ASIC miners. Those of us with big mining plans were praying for a BTC valuation of $100-$200 toward the end of the year, and certainly none of us would have predicted a valuation of over $500, much less $1000.

Long story short, the ASIC chips we were supposed to receive were sold out the back door, the Klondike board didn't get completed in time, difficulty soared far beyond predictions, and most of us ended up with chip refunds in bitcoins. Thank god for that. I personally lost a percentage of my initial investment and was pretty depressed about it for a few weeks, that is until the price run-up to $1200, where I watched my wallet grow to an amount of fiat I had never seen before.

While I regret my decision to get into mining, I don't regret the coins I bought in the process and I don't regret the excitement of being involved with such a game changing technology. If I hadn't, I'd have likely delayed buying so many bitcoins in May to meet deadlines and would have far fewer right now.

Merry Christmas gentlemen, singing a song for you all.

1BUD95eSZv6ariYDkcP59xMBBf6ECDktYm

Any US transfer amount over $10,000 is required to be reported to the IRS by the bank.

So if you're cashing out like a boss, they already know.

Day Traders Bible by Richard Wykoff. It's available as a free pdf online.

Ahh so much lolz... thanks for that!

Truth is nobody knows. Whatever you do, don't listen to anybody on this forum.

Massive buys on Gox. Something's up.

I thought he was referring to the discount supermarket chain.

Playing the finale of Bruckner Symphony #1 in your honor, Loaded. Nice job.

I think I see Edward50 back by the radio tower.

True, but it's a glimpse of things to come.

Personally I think the Overstock.com news is being underplayed. Those of us from the US realize how big it is, and it may encourage other retailers to jump on board to remain competitive.

1, 4 & 6 hours charts looking awfully bullish.

Weeee there we go while I was writing!!

Don't forget the Senator who announced that he would be making a phone call after the first recess, coincidentally right after fincen gave its green light.

Ok you make your case. Sock puppets tend to quote themselves. Once you use the ignore button liberally on questionable accounts this becomes patently obvious. So when you quote them more than a few times you go on the naughty list.

I just get annoyed at traders who post low value material solely to drive market sentiment in their favor. Grow a pair and stand behind your trade, or change it. This is a house of learned men, not your personal echo chamber to manipulate the market.

Not unless it breaks through the trend line.

Have you not ignored him yet? When not trolling he's quoting other trolls/sock puppets.

It's pretty funny to watch an entire thread of that shit, actually. There must be like 5 people controlling 20 accounts.

Good point. All those old wallets with thousands of coins would be mighty tempting right now.