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Author Topic: I sold everything at $158/159 this morning  (Read 20712 times)
prophetx
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May 05, 2013, 10:10:26 PM
 #281

The traders will never disappear esp now that some pro's are getting their feet wet...
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mountaineer
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May 05, 2013, 10:13:37 PM
 #282

 In hindsight you made the right call with the info you had available at that time. The sharp rise was a bubble that would have popped sooner then later.
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May 05, 2013, 10:15:49 PM
 #283

Patience is golden.
deathcode
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May 08, 2013, 08:16:04 PM
 #284

Patience is golden.
+1 Panic is the worst enemy a trader can have!









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Mars,           
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.
"I could either watch it
happen or be a part of it"

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zocipro
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May 08, 2013, 08:19:29 PM
 #285

The best time for a person to sell is when they make up their mind to sell. That's what makes a market. It there wasn't any sellers willing to sell, there wouldn't be any buyers that could buy.
Totally agree, as mind is the our motor for many things.
Rampion
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May 08, 2013, 10:25:29 PM
 #286

Patience is golden.
+1 Panic is the worst enemy a trader can have!

Greed is not very good neither

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May 08, 2013, 11:40:30 PM
 #287

What are the best websites to trade BTC?
BitPappa
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May 08, 2013, 11:49:00 PM
 #288

Wow, fun going back in time and reading the comments as BTC rocketed and fell around April 9.

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May 08, 2013, 11:49:55 PM
 #289

What are the best websites to trade BTC?
Good question, but maybe there's a better thread?

DeathAndTaxes
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May 08, 2013, 11:54:41 PM
 #290

I don't see BTC crashing long with the world economies direction. I see it as an economic indicator and another Cyprus style event I expect it should rise. However I bought my 6 BTC to spend, not save. But now I am holding them, won't sell.
People have been buying Bitcoins less as an insurance against confiscation and more as a quick and easy way to make fiat profit. And as I see it, the system will not reach equilibrium again until every last person who is in it for the quick profit has given up.

That will never happen, ever on any asset/currency.  Someone is ALWAYS looking for a quick buck.  People "flip" stocks, cars, houses, foreign currency, precious metals, etc all looking for a "quick buck".  There never has been, nor ever will be a market where someone isn't looking for a quick buck.  So if that is the gold standard log out, give away all your fiat, BTC, and anything which can be traded and revert to barter.
gotosea
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May 09, 2013, 12:13:17 AM
 #291

I bet it hits $1000 before we see $100 again
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May 09, 2013, 01:29:04 AM
 #292

I'm hoping it dips down to $80 or lower again so I can buy more.
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May 09, 2013, 02:23:52 AM
 #293

All the cryptos have been on a wild ride recently. People are so afraid of tiny dips and get so happy with tiny inclines.
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May 09, 2013, 02:54:08 AM
 #294

Man. People are so happy when it jumps up just a bit. I'm excited to see professional traders coming to bitcoins.
linolis
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May 09, 2013, 03:00:13 AM
 #295

A lot of panic buying/selling. Trust your gut and stick with it.

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May 09, 2013, 03:09:16 AM
 #296

Whatever happened to investing in something because you think the economic strengths of the asset were good and therefore the price would go up eventually as people caught on?

workpart
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May 09, 2013, 08:29:10 AM
 #297

nice)
niniyo
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May 09, 2013, 09:09:53 AM
 #298

I bet it hits $1000 before we see $100 again

That's a huge call.  You should start a betsofbitcoin bet for that.  You'd get good odds Smiley
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May 09, 2013, 09:56:35 AM
 #299

Just read through a bit of this thread.  Thanks for the entertainment. 

Nobody knows anything.
Rampion
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May 09, 2013, 10:00:15 AM
 #300

Just read through a bit of this thread.  Thanks for the entertainment. 

Nobody knows anything.

Yeah. We know that the price can go up, or down.

But we know something even more important: in the long run, you win this game by holding the bitcoins.

2011 panic sellers made a mistake, unless they were clever enough to buy back more BTC. 2013 panic sellers are making a mistake, unless they end up with more BTC.

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