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Author Topic: I'm taking Vladimir's advice  (Read 1581 times)
Astro
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June 10, 2011, 08:59:45 PM
 #1

I can't take these price swings any longer so I'm going long on bitcoin and withdrawing all of my coins back to my wallets.  Trading bitcoin is a young man's game.
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w0mbat
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June 10, 2011, 09:00:42 PM
 #2

wise man.

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gigitrix
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June 10, 2011, 09:03:16 PM
 #3

The true value of the bitcoin has nothing to do with it's frequent mood swings, nor the people who profit from them. It's time to hoard those coins, and spend them on stuff you want to buy! Smiley
buryfarmer
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June 10, 2011, 09:07:18 PM
 #4

Agreed.
I've traded gold and silver the last 5 years and I would have been much better off buying at the beginning and holding instead of dipping in out and trying to time the market.
Its very stressful and not worth it.
triforcelink
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June 10, 2011, 09:09:48 PM
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I do enjoy watching the wild price swings.. where is it going next? nobody knows..

Astro
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June 10, 2011, 09:14:20 PM
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I do enjoy watching the wild price swings.. where is it going next? nobody knows..

I'll be watching with you from the cheap seats.  My bitcoin experiment has been an unqualified success so far, so going long is an easy decision. 
niemivh
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June 10, 2011, 09:26:33 PM
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I can't take these price swings any longer so I'm going long on bitcoin and withdrawing all of my coins back to my wallets.  Trading bitcoin is a young man's game.

And you get the added benefit of getting your life back.  My ability to work, sleep, eat, live has been severely impacted by BTC.  Think I'll go long too.

 Grin

I'll keep my politics out of your economics if you keep your economics out of my politics.

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Chris Acheson
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June 10, 2011, 09:43:47 PM
 #8

I had resolved to go long, but I'm having trouble sticking to it.  It's not that I doubt Bitcoin's long-term prospects, it's just that I want more coins.   Undecided
datguywhowanders
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June 10, 2011, 09:59:07 PM
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I had resolved to go long, but I'm having trouble sticking to it.  It's not that I doubt Bitcoin's long-term prospects, it's just that I want more coins.   Undecided

+1

I did manage to snag a few today at around $24. Could've waited and bought at $23, but the upside is... I have more coins Smiley

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swusc2
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June 10, 2011, 10:01:04 PM
 #10

Ultimately Bitcoin is NOT about day trading. It is a long term investment spending.

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dakshinachara
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June 10, 2011, 10:24:46 PM
 #11

Its very stressful and not worth it.

+1
gigitrix
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June 10, 2011, 11:35:52 PM
 #12

It's bad enough being a merchant who accepts bitcoins for payment, then has to buy hardware in GBP! There's an implicit speculation aspect there that's out of our control, and we're trying to find that right middle ground between reasonable BTC pricing and proper "risk insurance" in case it does another "tank" like today...
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