BEAR TRAP :)

[600watt]

Everyone with a brain knew BTC was not going to hold at $1,000 forever.

Smart money made money the past few weeks as it oscillated between $700 and $1100 every day or so.

Pigs got stuck and didn't sell before this big crash.




Smart investor always cashes out at high and rebuys at low, no matter what price you bought in at. It's called locking in the profits.

fine if it works for you. but why bragging ?

hodling always worked. no one ever got burned and i hear no valid arguments telling me this time it is different. you guys laugh at the guys that say "this time it´s different"  - well, it is not. which also means: it will go back up. as normal.

[niothor]

Heading to $700
Still bearish?

I told the bears to wake up and buy when it hit $530 last night...

Oh well.  

A lot of bulls bleeding on the streets right now... it's going to get ugly.


Bulls, you day of judgement cometh.

oh well...

[piramida]

Smart investor always cashes out at high and rebuys at low, no matter what price you bought in at. It's called locking in the profits.

That's my definition of a potential pig, not a smart investor. The one who thinks he always cashes out high and rebuys low after he did it once; then proceeds to lose all.

"Look I am smart investor I flipped heads two times in a row". Ok son, now go play outside.

[Mirsad]

Smart investor always cashes out at high and rebuys at low, no matter what price you bought in at. It's called locking in the profits.

That's my definition of a potential pig, not a smart investor. The one who thinks he always cashes out high and rebuys low after he did it once; then proceeds to lose all.

"Look I am smart investor I flipped heads two times in a row". Ok son, now go play outside.

Just don't cash out ALL...
Why is this so hard to understand?
And this time it was really bad news -> drop was expected weeks ago

If you didn't sell any amount, you probably wouldn't sell if the price would go to 1$. Denial all the way down 

[zeroday]

Smart investor always cashes out at high and rebuys at low, no matter what price you bought in at. It's called locking in the profits.

That's my definition of a potential pig, not a smart investor. The one who thinks he always cashes out high and rebuys low after he did it once; then proceeds to lose all.

"Look I am smart investor I flipped heads two times in a row". Ok son, now go play outside.

Just don't cash out ALL...
Why is this so hard to understand?
And this time it was really bad news -> drop was expected weeks ago

If you didn't sell any amount, you probably wouldn't sell if the price would go to 1$. Denial all the way down 

Haha! "Silk Road bust" was also "bad news" and many "smart investors" dumped all their coins that time.
Now they are flooding forums with "bitcoin is doomed" topics and hope to crash the price to pre-silkroad-bust times.

BTW, we have just passed another bear trap yesterday. Those who sold below $500 are likely just missed the boat. To be more correct, I'd name it chicken trap catalyzed by proudhon's "bad news" thread

[GeniuSxBoY]

Predicting $785 before a collapse

[anu]

Predicting $785 before a collapse

What a prediction. If the price hits 785 in a week and continues to move up to $10,000 in the course of the next year, then collapses to $8,000, you can still say "I was right".

[alexeft]

Bitcoin is the biggest bear trap in history. I know one guy who is still waiting for sub-$0.01 coins.

Holy fucking BATMAN bear!!!! 

[piramida]

If you didn't sell any amount, you probably wouldn't sell if the price would go to 1$. Denial all the way down  

there's a price where I would sell a little and buy something good - it's 5 digits. there's a price where I would sell all and go away - it is currently $60, but growing every day.

[Mirsad]

If you didn't sell any amount, you probably wouldn't sell if the price would go to 1$. Denial all the way down  

there's a price where I would sell a little and buy something good - it's 5 digits. there's a price where I would sell all and go away - it is currently $60, but growing every day.

You are trading all the time.
So you are selling and buying  

Or do you only talk about cashing out?
I don't do that, my cash stays inside the exchanges. I don't have to wait 5 days to buy back.

[GeniuSxBoY]

Predicting $785 before a collapse

What a prediction. If the price hits 785 in a week and continues to move up to $10,000 in the course of the next year, then collapses to $8,000, you can still say "I was right".

I'm glad you noticed 

[piramida]

If you didn't sell any amount, you probably wouldn't sell if the price would go to 1$. Denial all the way down  

there's a price where I would sell a little and buy something good - it's 5 digits. there's a price where I would sell all and go away - it is currently $60, but growing every day.

You are trading all the time.
So you are selling and buying  

Or do you only talk about cashing out?
I don't do that, my cash stays inside the exchanges. I don't have to wait 5 days to buy back.

Yes, trading money is a small part set aside with a desire to lose all, this stays at exchange You only need like 10-20% traded to hedge against possible (temporary) moves down. You don't hold everything at exchange, that goes without saying.

The day when cold storage will be opened has not come, yet.