lukestokes (OP)
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Activity: 165
Merit: 102
Live life on purpose
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March 23, 2013, 03:37:04 PM
Last edit: March 23, 2013, 04:10:28 PM by lukestokes |
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What's your "plan" and why?
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http://www.foxycart.com: Helping developers create flexible, powerful, custom ecommerce in less time, while equipping merchants with the fastest checkout flow available to their customers. 60+ payment gateways, including Bitpay. Bitrated user: lukestokes.
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jwzguy
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March 23, 2013, 03:40:49 PM |
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Laugh at people selling for cheap. That's all.
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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March 23, 2013, 03:42:38 PM |
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When I think the price rises too fast I sell a certain amount of Bitcoin and wait for a crash, then re-buy. I sold some at $60 and watched in horror as they almost hit $75.
Its all good though, bought back at $53.
Most of my coins come from the $11 - $23 days.
I'm not sure if I'll try guessing the market again, I don't think the gains I made was worth the stress. Also it was luck that I loaded up MtGox on my mobile whilst out at the shopping center because by the time I got home it had already corrected.
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lucif
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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March 23, 2013, 03:44:34 PM |
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If drop is out of my picture AND It breaks picture
Then i will not sell at first wave down. Will wait for a bounce. Sudden drop = sudden bounce.
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Missionary
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March 23, 2013, 03:45:28 PM |
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I am looking for the window. The reason is not because my tiny holdings are loosing value, but because I am to poor (as a student) to be able to afford to buy more, even at those low valleys.
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I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z You can find more information about my plans here: http://btcmission.com |
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mccorvic
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March 23, 2013, 03:49:00 PM |
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I hold. I tried to play the "sell then buy at bottom game" before in 2011 and 2012, but either I can't get the timing right or the gox lag screws me, so I gave up  |
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Qoheleth
Legendary
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Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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March 23, 2013, 04:02:13 PM |
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Buy. Just like I sell when the price goes up.
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If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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chmod755
Legendary
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Activity: 1610
Merit: 1021
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March 23, 2013, 04:07:07 PM |
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Sell low - buy high (good guy trader)
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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March 23, 2013, 04:10:18 PM |
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...wait for it to drop even lower. Seriously, look at the charts. We're headed much, much lower. Optimistically we'll stop in the teens, but we could easily go into the single digits again.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Nemesis
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March 23, 2013, 04:12:18 PM |
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...wait for it to drop even lower. Seriously, look at the charts. We're headed much, much lower. Optimistically we'll stop in the teens, but we could easily go into the single digits again.
I love you so much, China needs someone like you to bluff. " Did you hack XXX ?" "Nope, we're victims..." |
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lukestokes (OP)
Full Member
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Activity: 165
Merit: 102
Live life on purpose
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March 23, 2013, 04:12:53 PM |
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...wait for it to drop even lower. Seriously, look at the charts. We're headed much, much lower. Optimistically we'll stop in the teens, but we could easily go into the single digits again.
Can you be more specific? Link me to a chart you're talking about? |
http://www.foxycart.com: Helping developers create flexible, powerful, custom ecommerce in less time, while equipping merchants with the fastest checkout flow available to their customers. 60+ payment gateways, including Bitpay. Bitrated user: lukestokes.
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Vladimir
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March 23, 2013, 04:13:51 PM |
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Tilt your head to the right. The poll chart is showing you the finger.
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Spaceman_Spiff
Legendary
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 23, 2013, 04:21:14 PM |
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...wait for it to drop even lower. Seriously, look at the charts. We're headed much, much lower. Optimistically we'll stop in the teens, but we could easily go into the single digits again.
Can you be more specific? Link me to a chart you're talking about? You have just met Proudhon, our resident perma-bear. He has thus far had an uncanny track record of predicting bitcoin prices, as long as you reverse everything he says. |
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smoothie
Legendary
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Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
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March 23, 2013, 08:33:30 PM |
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...wait for it to drop even lower. Seriously, look at the charts. We're headed much, much lower. Optimistically we'll stop in the teens, but we could easily go into the single digits again.
Aren't we supposed to see single digits next month? Remember your call? So what happens if you are wrong again? Backpedal? |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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chrsjrcj
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March 23, 2013, 09:59:52 PM |
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Get a little nervous, but remind myself that the market needs to catch its breath occasionally.
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BTC Books
Member
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Activity: 84
Merit: 10
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March 23, 2013, 10:06:34 PM |
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...buy a little more than my regular budget. I just buy and hold and spend. I'm boring.
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Dankedan: price seems low, time to sell I think...
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lukestokes (OP)
Full Member
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Activity: 165
Merit: 102
Live life on purpose
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March 24, 2013, 03:12:42 AM |
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I have yet to try the whole sell high, buy low thing. Maybe that's because I'm more interested in Bitcoin as a technology solution than as a "single stock" speculative game. The few times I've run the numbers of timing it "perfectly" only equalled an extra coin or two. The risk of missing it seems too high, IMO, especially when my goals are to see this disruptive technology change how commerce is done. Being left with some $$$ and having to buy back in at a higher price would suck.
Based on this poll, it seems others think along the same lines as I do.
Lets just hope we won't be stuck with a bunch of digital "coins" with little worth if our disruptive technology simply turns out to be another fad like beanie babies, MySpace or RSS.
(OK, that last comment about RSS was kind of trollish, but you probably smiled)
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http://www.foxycart.com: Helping developers create flexible, powerful, custom ecommerce in less time, while equipping merchants with the fastest checkout flow available to their customers. 60+ payment gateways, including Bitpay. Bitrated user: lukestokes.
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ineededausername
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March 24, 2013, 03:20:53 AM |
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I have yet to try the whole sell high, buy low thing. Maybe that's because I'm more interested in Bitcoin as a technology solution than as a "single stock" speculative game. The few times I've run the numbers of timing it "perfectly" only equalled an extra coin or two. The risk of missing it seems too high, IMO, especially when my goals are to see this disruptive technology change how commerce is done. Being left with some $$$ and having to buy back in at a higher price would suck.
Based on this poll, it seems others think along the same lines as I do.
Lets just hope we won't be stuck with a bunch of digital "coins" with little worth if our disruptive technology simply turns out to be another fad like beanie babies, MySpace or RSS.
(OK, that last comment about RSS was kind of trollish, but you probably smiled)
If you tried to sell high, buy low, most likely outcome is sell high, buy higher. Anyone who has read the Bitcoin whitepaper knows that this is very, very different from beanie babies!  Something that is this well-engineered and intricate can't be a fad. |
(BFL)^2 < 0
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 24, 2013, 04:03:24 AM |
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I have yet to try the whole sell high, buy low thing. Maybe that's because I'm more interested in Bitcoin as a technology solution than as a "single stock" speculative game. The few times I've run the numbers of timing it "perfectly" only equalled an extra coin or two. The risk of missing it seems too high, IMO, especially when my goals are to see this disruptive technology change how commerce is done. Being left with some $$$ and having to buy back in at a higher price would suck.
Based on this poll, it seems others think along the same lines as I do.
Lets just hope we won't be stuck with a bunch of digital "coins" with little worth if our disruptive technology simply turns out to be another fad like beanie babies, MySpace or RSS.
(OK, that last comment about RSS was kind of trollish, but you probably smiled)
I am trying the trading game a bit, but honestly, buying and holding (when buying at a good time obviously) is probably much more efficient since you don't have to spend all the time looking at the charts (which I find entertaining ). |
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