I sold everything at $158/159 this morning

[2dogs]

Yeah, now @ $170, so OP left some coin on the table.

[mark342]

I think it will only be going up as it gains more mainstream attention.

[bb113]

To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).

if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159

I think the experienced traders may get burned most of all by the end of this. Already $10 below the peak, it can continue for quite awhile based on speculation alone. However, I suspect this is driven by someone pre-buying btc before releasing a "killer app". Where is the room for a killer app for soybeans, etc?

[NedKLee]

I sold all my Bitcoin at $120 and set a buy order at $0.03

See you in a year, suckers

Cut and pasted this one to my calendar, just so I can have a really good laugh at least once a year.
This post ranks at the same level as the A&R guy that said the Beatles would never do any good and the HP guy that said that no one really needed or wanted a PC

Bitcoin @ 0.03, keep dreaming you silly sausage.

[deathcode]

I sold all my Bitcoin at $120 and set a buy order at $0.03

See you in a year, suckers

Cut and pasted this one to my calendar, just so I can have a really good laugh at least once a year.
This post ranks at the same level as the A&R guy that said the Beatles would never do any good and the HP guy that said that no one really needed or wanted a PC

Bitcoin @ 0.03, keep dreaming you silly sausage.

+1

[yefi]

^ Witness sarcasm being lost.

[Sage]

As a wealthy trader told me once...

"Cut your losers fast, and let your winners run.   While it's easy to know when to buy, it takes far more skill to know when to sell."

If you cut your winners too soon, they can't make up for the losses of the losers.

Having a methodology for exit is critical. Here's my methodology for what it's worth...

The fundamentals drive the long-term price.  Emotions drive the short-term price.  Sell at emotional state of frenzy.

You're gauging the emotions of only a small segment of the market by judging the comments on this forum.

Watch for the emotional temperature of new investors entering the market.

We've just entered first phase of public interest.  When that interest turns to frenzy, then is the time to set your stops really tight and/or take some profits.

...While it's dangerous as hell to buy now, we have not hit that frenzy phase.

The run isn't over yet.  Lots more room still on the top-side.

BUT...

Be ready to exit, and exit fast when the public hits the frenzy phase.

[bitcool]

Cut and pasted this one to my calendar, just so I can have a really good laugh at least once a year.

That's a brilliant idea, I just did the same.

[Ajay]

I also sold some of mine to get back my initial investment but still hoarding the majority hoping that they reach the $300-$500 mark in the coming weeks or months. just feel a bit better knowing that this will all be 100% profit with no real lose to my actual bank.

[tobobit]

not done yet.

[psybits]

Oh man I feel sorry for the OP

Bitcoin is different to Gold, Silver and conventional stocks - it hasn't even gone mainstream yet the market cap is still miniscule. Also the events leading to the collapse of 2011 should no longer be a factor this time, as the community has matured and a major security breach like that which triggered the 2011 collapse is unlikely to occur again. Technically it wasn't a "bubble" last time, it was a security breach that caused the price to collapse, and with the exchange rate as it is you can bet Bitcoin security has improved immeasurably since then.

Sorry man.

EDIT: Plus it looks like we'll be at $200 within a few days most likely.

Why did you sell it ALL? WHY!?!?!?

[Wekkel]

I've seen nothing of a frenzy yet. Might as well take until $3,xxx to get in frenzy mode.

[Sage]

I've seen nothing of a frenzy yet. Might as well take until $3,xxx to get in frenzy mode.

Nope, not even close.  The public is still very sceptically. And that's why I'm still long.

[M3t]

i guess that's why you're on the newbies board

[becoin]

To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).

How do you feel today, my friend? It's just one day after your OP and exchange rate is already at $178.

[liquidcrystalvision]

Man I wish I knew about bitcoins long ago. Although the recent spike in value seems crazy.

[coinsandcoins]

im gonna sell at 2500-3000$

[cunninlogic]

OP sold too soon.

[wopwop]

OP you are a noob and this train is leaving for huge ass profits for us that's still holding

tool

[Baratas]

OP you are a noob and this train is leaving for huge ass profits for us that's still holding

tool

+1