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San1ty (OP)
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April 11, 2013, 09:20:26 AM |
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I got hit with a 10% loss yesterday...
I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold.
I would have sold at $215, but my exchange was down for the entire ride ($260 - $110).
I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull...
All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100.
I will join the support at $100 as I think we should not be going back to double digits at this point.
Best of luck and congrats to those that could sell at a descent price yesterday!
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BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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essem
Newbie
 Offline
Activity: 42
Merit: 0
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April 11, 2013, 09:25:38 AM |
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I got hit with a 10% loss yesterday...
I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold.
I would have sold at $215, but my exchange was down for the entire ride ($260 - $110).
I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull...
All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100.
I will join the support at $100 as I think we should not be going back to double digits at this point.
Best of luck and congrats to those that could sell at a descent price yesterday!
That's fine, the majority of people here took a hit but would never admit it because they fear tarnishing their username! What will trigger your buy at $100? |
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San1ty (OP)
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April 11, 2013, 09:30:38 AM |
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I got hit with a 10% loss yesterday...
I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold.
I would have sold at $215, but my exchange was down for the entire ride ($260 - $110).
I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull...
All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100.
I will join the support at $100 as I think we should not be going back to double digits at this point.
Best of luck and congrats to those that could sell at a descent price yesterday!
That's fine, the majority of people here took a hit but would never admit it because they fear tarnishing their username! What will trigger your buy at $100? Credits go to blackreplica who posted this image earlier:  Since January you have a pretty nice trend line supporting a $100 price at the current time. |
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BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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Newscastix
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April 11, 2013, 09:31:42 AM |
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Well... i didn't sell a single satoshi.... Did i take a hit or no?   |
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essem
Newbie
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Activity: 42
Merit: 0
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April 11, 2013, 09:32:04 AM |
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Interesting chart
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blackreplica
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April 11, 2013, 09:36:35 AM |
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Thank you for the credit on my chart. Now that we've dropped below 180 IMO we have broken support and may fall further to our next support at $100. I'll update my original thread
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www.sgBitcoin.net - The Premier News, Discussion & Marketplace Destination for the Singaporean Bitcoin Community
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San1ty (OP)
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April 11, 2013, 09:38:32 AM |
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Nevermind my INSANE paint skills:  If we break below the the price at my arrow me might see another drop (Do not know how strong). |
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BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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April 11, 2013, 09:45:39 AM |
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I got hit with a 10% loss yesterday...
I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold.
I would have sold at $215, but my exchange was down for the entire ride ($260 - $110).
I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull...
All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100.
I will join the support at $100 as I think we should not be going back to double digits at this point.
Best of luck and congrats to those that could sell at a descent price yesterday!
That's fine, the majority of people here took a hit but would never admit it because they fear tarnishing their username! What will trigger your buy at $100? I would say that the majority of people in here bought well below $50 so no hit taken. Don't forget that just a couple of months back we were below $20, and a LOT of bitcoiners are in this for the long haul. More than taking a hit, I would bet that the majority of speculation subforum posters have profited for the swing back, buying back lower than they sold, increasing their BTC holding while taking some fiat profits. |
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San1ty (OP)
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April 11, 2013, 09:50:05 AM |
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I got hit with a 10% loss yesterday...
I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold.
I would have sold at $215, but my exchange was down for the entire ride ($260 - $110).
I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull...
All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100.
I will join the support at $100 as I think we should not be going back to double digits at this point.
Best of luck and congrats to those that could sell at a descent price yesterday!
That's fine, the majority of people here took a hit but would never admit it because they fear tarnishing their username! What will trigger your buy at $100? I would say that the majority of people in here bought well below $50 so no hit taken. Don't forget that just a couple of months back we were below $20, and a LOT of bitcoiners are in this for the long haul. More than taking a hit, I would bet that the majority of speculation subforum posters have profited for the swing back, buying back lower than they sold, increasing their BTC holding while taking some fiat profits. You are correct, I bought most at $70-80 and I would have been fine if it wasn't for those overconfident buys at 200. The minority of BTC owners will have suffered a loss with yesterdays events, I was in late and got punished. |
Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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wopwop
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April 11, 2013, 09:57:49 AM |
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San1ty (OP)
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April 11, 2013, 10:11:18 AM |
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Gratz  ! I think we are heading for a continuation of the correction. So more power to you! |
Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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ruski
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April 11, 2013, 10:12:42 AM |
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Gratz ! I think we are heading for a continuation of the correction. So more power to you! You should probably have a look here for a good laugh before you congratulate him. |
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someguy123
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April 11, 2013, 10:13:39 AM |
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Well because I suck at trading, I lost 50% from stupid moves. (went from $800 to $500)
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San1ty (OP)
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April 11, 2013, 10:22:55 AM |
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Gratz ! I think we are heading for a continuation of the correction. So more power to you! You should probably have a look here for a good laugh before you congratulate him. Maybe he did win, maybe he didn't. I don't really care to be honest. I only care about my own mistake and how I can do better next time. CBA to get trolled. |
Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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wopwop
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April 11, 2013, 10:23:03 AM |
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Gratz ! I think we are heading for a continuation of the correction. So more power to you! You should probably have a look here for a good laugh before you congratulate him. Ruski why are you so butthurt? don't you have like 400.000$ AUD On MtGox and 900 bitcoins, I saw your ss on some other topic here few days ago you played the game better than me, you should be the one trolling people here with ss's about your sells instead of me since you pwned more losers than me that bought high  |
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ruski
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April 11, 2013, 10:24:13 AM |
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Ruski why are you so butthurt? DOn't you have like 400.000$ AUD , I saw your ss on some other topic here few days ago
I'm not butthurt, I'm cracking up at your horrible fakes. |
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wopwop
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April 11, 2013, 10:25:48 AM |
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Ruski why are you so butthurt? DOn't you have like 400.000$ AUD , I saw your ss on some other topic here few days ago
I'm not butthurt, I'm cracking up at your horrible fakes. well you're not going to make me try to convince you by posting a thousand proofs of bank statements etc so I'm happy to crack you up while I rub it in enjoy it either way is fine by me |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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April 11, 2013, 11:17:10 AM |
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Well because I suck at trading, I lost 50% from stupid moves. (went from $800 to $500)
don't trade, then: buy and hold. |
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