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Author Topic: Price Increasing Faster Than I Refresh  (Read 1484 times)
bonker
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April 08, 2013, 08:24:09 AM
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I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.


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wopwop
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April 08, 2013, 08:29:24 AM
 #2

I'm sitting here with tears in my eyes about how heart breakingly moving your post is
HappyBitCoinUser
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April 08, 2013, 08:37:18 AM
 #3

I'm trying to buy low, sell high, but how can I do that when the price is only going up?

And yes its going up every time I hit refresh too!

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April 08, 2013, 08:39:03 AM
 #4

Buy (Right now is the low... at all times)
then wait 10 minutes (now your at the new low and high)
Sell for profit
Smiley

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April 08, 2013, 08:39:29 AM
 #5

i just realized something. Look at this example:

person A bought 1 000 bitcoins at exchange.
Price doubled so he wants to sell it but he is not going to just get money back to his account because he would have to pay high income tax.
He is going to sell it face to face.
Now someone bought that bitcoins but he probably wont sell it at exchange too because he also would have to pay tax, especially as the price again increased.
Which brings us to the conclusion that there might be less and less bitcoins for sale at exchange which will increase the price all the time forever?
maybe i forgot about something? or maybe it wont be that "bad" Wink

Tronlet
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April 08, 2013, 08:42:12 AM
 #6

http://bitcoinity.org/markets

Or http://bitcoin.clarkmoody.com/widget/chart/ if you're weird and like/can read candlestick.

HappyBitCoinUser
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April 08, 2013, 09:06:56 AM
 #7

Buy (Right now is the low... at all times)
then wait 10 minutes (now your at the new low and high)
Sell for profit
Smiley

I can't take the pressure!

Ok ok, I put in $2k worth bid and hope to double my money within a few days.

I have faith!
smoothie
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April 08, 2013, 09:12:38 AM
 #8

i just realized something. Look at this example:

person A bought 1 000 bitcoins at exchange.
Price doubled so he wants to sell it but he is not going to just get money back to his account because he would have to pay high income tax.
He is going to sell it face to face.
Now someone bought that bitcoins but he probably wont sell it at exchange too because he also would have to pay tax, especially as the price again increased.
Which brings us to the conclusion that there might be less and less bitcoins for sale at exchange which will increase the price all the time forever?
maybe i forgot about something? or maybe it wont be that "bad" Wink

This ^

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April 08, 2013, 09:39:20 AM
 #9

I'm trying to buy low, sell high, but how can I do that when the price is only going up?

And yes its going up every time I hit refresh too!


Jesse Livermore: "A stock is never too high to buy and never too low to short."

He was a stock trader, but that probably applies to currency as well. Also, that guideline probably needs to be balance with all his ideas.

http://www.jesse-livermore.com/trading-rules.html


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April 08, 2013, 10:40:07 AM
 #10

I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.



At least I know who's responsible for repeatedly bringing down bitcoincharts.com's server.

MikeH
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April 08, 2013, 10:54:42 AM
 #11

person A bought 1 000 bitcoins at exchange.
Price doubled so he wants to sell it but he is not going to just get money back to his account because he would have to pay high income tax.
He is going to sell it face to face.
Now someone bought that bitcoins but he probably wont sell it at exchange too because he also would have to pay tax, especially as the price again increased.
Which brings us to the conclusion that there might be less and less bitcoins for sale at exchange which will increase the price all the time forever?
maybe i forgot about something? or maybe it wont be that "bad" Wink

Yeah, I've been thinking about this, I purchased all my bitcoins but have no proof of purchase. 

If I were to sell my coins through MtGox and send the funds via bank transfer, I might be hit for capital gains - even if I sold at a loss!

So I'm going to have to sell through localbitcoins or something to avoid being ripped off by the tax man.
01BTC10
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April 08, 2013, 10:56:13 AM
 #12

https://chrome.google.com/webstore/detail/auto-refresh-plus/oilipfekkmncanaajkapbpancpelijih?hl=en
600watt
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April 08, 2013, 11:28:09 AM
 #13

I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.



shit.i went out to piss and when i came back the price was still not at 200. momentum is getting lost.  Cheesy
wopwop
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April 08, 2013, 11:28:53 AM
 #14

I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.



shit.i went out to piss and when i came back the price was still not at 200. momentum is getting lost.  Cheesy

need new believers to enter
HappyBitCoinUser
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April 08, 2013, 11:42:48 AM
 #15

I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.



shit.i went out to piss and when i came back the price was still not at 200. momentum is getting lost.  Cheesy


Go to bed for 8 hrs, and I'm sure you'll wake up to see $300
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April 08, 2013, 11:45:51 AM
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Insane, can't wait for the $200.

Tronlet
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April 08, 2013, 12:07:40 PM
 #17

i just realized something. Look at this example:

person A bought 1 000 bitcoins at exchange.
Price doubled so he wants to sell it but he is not going to just get money back to his account because he would have to pay high income tax.
He is going to sell it face to face.
Now someone bought that bitcoins but he probably wont sell it at exchange too because he also would have to pay tax, especially as the price again increased.
Which brings us to the conclusion that there might be less and less bitcoins for sale at exchange which will increase the price all the time forever?
maybe i forgot about something? or maybe it wont be that "bad" Wink
Tax evasion plays too small a role for that.

And you certainly shouldn't hope for that, because what you're talking about is obviously unsustainable, and a deflationary doom spiral for sure. Deflationary spirals are already a possible problem in Bitcoin's far future, there's no need to ensure any.

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