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Author Topic: How long will we continue to push new highs?  (Read 5519 times)
tvbcof
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March 05, 2013, 10:38:06 PM
 #41

I'll probably sell a few when we hit $4000.

I'm getting pretty close to the point where I'll want to recoup my initial outlay.


My plan was to sell 1/5 when that would have recouped my investment. That day is long overdue and I haven't sold a satoshi. Why? There is not much to buy in the market.

It would feel kinda stupid to sell for fiat, and I already have loads of silver and enough gold.

...

My target had been 1/10, but the questions about block size through in enough concern in my mind to shift it down some.  I still would rather see closer to $60 than todays $40.  I wrote off the money as I put it into Bitcoin so it won't be the end of the world if I don't proceed with this adventure.

I'm in the same boat wrt PM's.  I'm happy to have USD and there are some projects I have which could absorb them in a hurry.  My big hang-up is that I don't wish to give any of the exchanges scans of my identification documentation.  Hopefully the Coinlab/SVB goings-on can provide me a way to get over that little hurdle.  Or I can just find someone to do a Person2Person transaction with.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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March 05, 2013, 10:45:28 PM
 #42


friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

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tvbcof
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March 05, 2013, 10:50:51 PM
 #43


friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

Ya, well this forum was full of sage advice from 6/2011 to 11/2011 about how it was stupid to pump money into a falling market.  With very limited exceptions (particularly ~cypherdoc) most people were on death watch.

I tried to assess what a solution such as Bitcoin _could_ be worth and came up with a high number.  Much higher than we see even today in fact.  So I did my own thing and have never regretted it.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
Tomatocage (OP)
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March 05, 2013, 10:57:36 PM
 #44


friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

That's what people were saying at $20.

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tvbcof
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March 06, 2013, 01:28:19 AM
 #45

Just now watching ClarkMoody (my having no television.)  There's a hungry hungry hippo out there.

sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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March 06, 2013, 01:29:07 AM
 #46

great to watch isn't it? about 5k coins bought.

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
Tomatocage (OP)
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March 06, 2013, 01:35:51 AM
 #47

JESUS FUCKING CHRIST

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March 06, 2013, 01:47:31 AM
 #48

I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning
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March 06, 2013, 01:55:07 AM
 #49

I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning

it doesn't matter.  sell when you can get your investment out -- whatever left, play with it.  It's all just gambling anyway.

If you are all in, reset to state that is not going to break you.

DoomDumas
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March 06, 2013, 04:39:34 AM
 #50

I don't see kids buying BTC at $100 just for fun, and ordinary folks neither. For that, BTC needs a killer app.

Oops, did I just say 'will not cross $100'?  Roll Eyes

Kids will buy mBTC or Satoshi, dont matter if 1 BTC is priced @ 10k$
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March 06, 2013, 05:08:09 AM
 #51


friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

That's what people were saying at $20.

It was true then too. I'm still considering buying more bitcoin but it's because I'm convinced of the long-term strengths, not because I see it shooting up.

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usagi
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March 06, 2013, 05:27:41 AM
 #52

JESUS FUCKING CHRIST

$45

hot shit!
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March 06, 2013, 06:04:23 AM
 #53

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

Well you're not much of a friend if you told people not to buy at $33 lol... fail logic.

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TooCasual
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March 06, 2013, 06:25:16 AM
 #54

The answer to this post is the same answer to this question:

How long is a piece of rope?  Grin

TC

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March 06, 2013, 06:30:02 AM
 #55

JESUS FUCKING CHRIST

lmao  Cheesy

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March 06, 2013, 08:56:00 AM
 #56

I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning

it doesn't matter.  sell when you can get your investment out -- whatever left, play with it.  It's all just gambling anyway.

If you are all in, reset to state that is not going to break you.

Got up again - for another WTF morning Smiley

Thanks for your kind advice! Wenn I started this whole thing (mining and then buying about 2 years ago) I decided that all money I spent is something I can afford to loose completely.

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March 06, 2013, 12:19:20 PM
 #57

The answer to this post is the same answer to this question:

How long is a piece of rope?  Grin

TC



6 months?
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March 06, 2013, 12:34:13 PM
 #58

If the price action seems scary and has you stressed, go to weekly chart, log scale, data all the way back to 09. Makes the recent run look relatively benign compared to the moves in 2010 and 2011. Then take a Valium...no worries.  Cool
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March 06, 2013, 01:19:33 PM
 #59

If the price action seems scary and has you stressed, go to weekly chart, log scale, data all the way back to 09. Makes the recent run look relatively benign compared to the moves in 2010 and 2011. Then take a Valium...no worries.  Cool
Make sure to switch to displaying volume in currency. It makes the recent run look a lot stronger than 2011.
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March 06, 2013, 02:52:46 PM
 #60


Well you're not much of a friend if you told people not to buy at $33 lol... fail logic.

Like when you tell a friend not to drive home drunk but he still makes it home OK anyway?

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