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Author Topic: Punching Yourself?  (Read 1099 times)
mjoz
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June 12, 2011, 02:23:24 PM
 #1

I wonder how many people are punching themselves for panicking and selling around $10/btc.
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mr-sk
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June 12, 2011, 02:32:39 PM
 #2

This sort of behavior is expected and what creates a floor / support in the market. Go on, sell, I'll be buying.

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June 12, 2011, 02:42:07 PM
 #3

Hahaha agreed! I think when sudden fluctuations like that happen, its important to look at the broader picture : Yes, Bitcoin is fairly young and ocasionally a little unstable at times. But as more people learn about the benefits of using a decentralised peer-to-peer currency, demand will gradually increase while supply remains fairly stable over time. Which way does value go, long term? Smiley

Also worth remembering that plenty of people tried calling:"timber!" the last time Bitcoin's value dropped suddenly (a few weeks ago). The more often this happens, the less notice people will take of these Bitcoin-doomsday-lunatics and the more seriously the world is forced to consider Bitcoin as a currency.

I just used this opportunity to run out and buy a whole load more BTC Smiley so yeah, anyone desparately looking to sell quickly and cheaply should contact me! Lol

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June 12, 2011, 02:43:50 PM
 #4

Bitcoiners should get used to this .....its normal in any market.

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June 12, 2011, 02:54:34 PM
 #5

In order to make a buy, which drive the price back up, someone has to be selling. If no one were selling, you couldn't buy your cheap bitcoins. Everyone has their own reasons for getting into and out of the market. So don't judge them for selling, just be grateful for buying them all up!

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June 12, 2011, 05:26:05 PM
 #6

How many bitcoiners are young/inexperienced and invested a lot more than they probably should have? It must have been terrible to wait for a week+ to get their money into mt. gox, buy at ~$30, then watch it fall to $10.  Embarrassed

I would qualify as an inexperienced bitcoiner, but didn't invest too much. I can't say I was overjoyed to see the price drop (I bought at an average of about $28), but at the time I was thankful that it wasn't higher. Overall I don't see any problem in the price getting back over $28, and well over it at that.

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April 23, 2013, 12:38:07 AM
 #7

i'm punching myself for saying screw it back in october when i moved my system.  it wouldn't boot and i was like "oooh no $20 every 24hours lost booohooo" (2 coins a day) now i really wish i would have made it boot... at least i still had my 60BTC but by the time i noticed the spike it would have been over 200btc even with the difficulty increase

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April 23, 2013, 01:28:10 AM
 #8

I wish I had bought in when it was pennies...
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April 23, 2013, 02:54:10 AM
 #9

I wonder how many people are punching themselves for panicking and selling around $10/btc.

or like me planned to by at $10, but was just too lazy.
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April 23, 2013, 02:58:52 AM
 #10

Many.

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koolsolutions
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April 23, 2013, 03:03:41 AM
 #11

Is there any point in buying BTC at the current price ?
cojo244
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April 23, 2013, 03:41:40 AM
 #12

I wonder how many people are punching themselves for panicking and selling around $10/btc.
I know right? They are probably literally punching themselves in the face right now...
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April 23, 2013, 03:51:45 AM
 #13

Not me... Never sold and never will...

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April 23, 2013, 04:01:05 AM
 #14


namdrazil
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April 23, 2013, 04:43:14 AM
 #15

pretty awesome gif lol.I'm punching myself because i stopped mining bitcoins when they dropped that low Sad

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April 23, 2013, 04:52:59 AM
 #16

Is there any point in buying BTC at the current price ?

only people who are using them as currency as the price hasn't moved to much in the last few days.  looks like we are seeing the holding price for the next few months.... but who knows the pump and dumpers can mess things up fairly quick

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April 23, 2013, 05:10:32 AM
 #17

Gotta look forward man, never look back.
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April 23, 2013, 05:12:19 AM
 #18

I sold 80 at $12 each in early november, would have been a small fortune...

Pity fund, my MTGOX account got hacked and I've lost $2777 USD

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April 23, 2013, 10:38:32 PM
 #19

Gotta look forward man, never look back.

good advice Smiley
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