I fell into the bear trap... three times.

[Milkshake]

Protip from Milkshake: Long BTC forever with as much leverage as you can get.  

Doubled my bitcoins

[oakpacific]

My advice: learn to catch the bottom, not the top, the latter is a tricky business.

[Nemesis]

Storm is coming... see that big wall ?

yeah this is another step... dont say i didnt warn you.

[bitcon]

you should name the newborn Satoshi. Satoshi Dice. 

[niko]

Great advice, everyone!

[johnyj]

Congratulations for becoming a true believer

[Nesetalis]

I know how you feel man, I've been lucky mostly, though this current market is making me twitch a little.

I feel a little bit itchy under the skin that I didn't wait for the price to go up higher... here I am sitting, watching the price climb skyward, we are almost breaking our all time record.

All in all though, I am content.
I purchased 20 back in december-ish for around 11USD a bitcoin, I sold them at 27USD the other day... that is a massive profit margin. Whether the price ever goes back down for me to turn those sold bitcoins back in to more bitcoins doesn't REALLY matter. I have the money in hand, I can use it, It doesn't go to waste, it was over double profit.

Plus I have a decent sized savings of bitcoins.

My idea was, I "know" the bitcoins are worth at least 20 right now, so if it gets below 20, I buy back in. If it hits 40$ I'll sell another 10 bitcoins. The only part I don't have a plan for is if it keeps rising beyond that. I don't believe it will yet, I "know" there is going to be a another crash sooner or later here, there "has" to be, right? This can't be an endless ramp, right? The price is skyrocketing so fast...

[piramida]

it can't be an endless ramp, but 32 could easily become the new bottom.

[Mageant]

The best two strategies seem to be either to go fully into becoming a trader, which means you have to develop your skills and may take a long time,
or just buy and hold.

[Nesetalis]

it can't be an endless ramp, but 32 could easily become the new bottom.

I remember thinking that last time too, that 25 was the new bottom. I actually sold 2 bitcoins for equivlant of around 40$ USD at the time, purely by luck, and 10 minutes later the market crashed XD

But now I look back, and 31 being the mtGox peak seems so low, I swear it was in the 40s.. but nope.

32 might be the new bottom, but I'm not going to buy in more just yet.

[piramida]

last time, if you mean july 2011, 2 was the bottom. now it is about 20. look at the log chart, all the truth you need to know is there.

[istar]

Bitcoin only 16.000 subscribers on reddit.
Gangnam style from 0 to 1,337,768,313 views in a 6 months.
Trends on internet do explode if possible...

There will be articles if/once btc reach breaks $32.

There will be no more Bitcoin is dead articles unless Bitcoin really dies.
What reporter would want to look like a idiot proven wrong not only one time but two times?
 

[molecular]

There will be no more Bitcoin is dead articles unless Bitcoin really dies.
What reporter would want to look like a idiot proven wrong not only one time but two times?

haha, lol. It seems to me one could find some of this kind of journalist.

[phatsphere]

What reporter would want to look like a idiot proven wrong not only one time but two times?

I'm 100% sure there are at least a few who think they are "correct" if they stick with the main-stream view, i.e. that only official and centrally issued money should be used and nothing else.

[arepo]

Protip from Milkshake: Long BTC forever with as much leverage as you can get.  

Doubled my bitcoins

be careful. don't let greed blind you. learn from the OP; the flipside happens as well.