|
TERA
|
 |
November 21, 2013, 11:41:38 PM |
|
Wtf is going on here. The chart looks unnatural like nothing ive ever seen even in bitcoin. When do I sell? I sold just 20% of my coins yesterday as a hedge and on bitfinex I can I have a loss of several grand. Its bugging me out.
I thought you the unassailable king of the day traders who never made a loss? Schadenfreude and tea for breakfast...sorry  I almost never make a loss in FIAT but this is a loss of coins. In bitfinex I'm "shorting" against my own coins so I get to see the amount of fiat value that the "trade" is losing versus if I had just held. However, my total account balance is increasing faster than the "loss". I should have just transferred to my exchange wallet and did a normal sell so it wouldn't be so painful. |
|
|
|
|
|
|
|
The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
NewLiberty
Legendary
 Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
|
|
November 21, 2013, 11:41:45 PM |
|
Cup and handle again on Bitstamp?
Begins to look a lot like it yes, plus new money coming in. Next 24 hours will be very important i think. So people inside don't let the price fail because they think coins are cheap, and people on the outside want to get in because they think coins are cheap. And it's makes sense because there is no way the Senate hearing is already priced. Now I am pretty convince that this was only a correction (and that's mean was is coming gonna be epic). This. As a localbtc trader, I usually get an in-person trade request about once every two days. Since the rally to 900, I've gotten literally DOZENS of requests. 9 times out of 10 when I sell to someone in person, they need help setting up a wallet/ learning a few security/ safety tips. The people requesting lately aren't even there yet. They know they want bitcoin and they have cash for it. I'm turning half the people down if I can't immediately reinvest the cash back into btc (when Coinbase reached their max), and it's just a cycle. The same people still want it so they keep trying. Be careful with relying on coinbase. They frequently decide not to fulfill an order if the price goes up after you place the order claiming that it is high risk. It seems to happen whenever I get a really good price with them, I can have 5 or 6 approved on a day, but the one large order at the low of the day gets deemed "high risk". It is increasingly seeming that the risk is of Coinbase not being able to use its customers to take the risk on all their purchases and when the market goes up they keep your coins and send back your dollars. I have NEVER seen it happen on market down days. So if you rely on coinbase to backfill your coins that you sell on localbitcoin, you may find your coins declining unexpectedly when prices are going up and being stuck with dollars you don't want. |
|
|
|
|
|
YoYa
|
|
November 21, 2013, 11:41:55 PM |
|
Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.
All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.
Think of it another way, Bitcoin is the backend infrastructure that will allow entrepreneurs to build front end systems that take advantage of it's low transaction cost and security. It just happens to be a speculative vehicle as well, but in some ways if you think about it, it was fiendishly genus to make it deflationary driving huge demand from speculators guaranteeing it's adoption and growth as time goes on. We will eventually hit the top of the S-curve or it will all go to shit, but in any case.....enjoy the ride. |
|
|
|
|
MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
|
|
November 21, 2013, 11:42:05 PM |
|
Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.
All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.
Are you frozenlock or why you have his image? Who is frozenlock? The guy on his picture. He seems to be off the forum for the few months, he stopped trading... |
|
|
|
|
Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
|
|
November 21, 2013, 11:43:49 PM |
|
Wtf is going on here. The chart looks unnatural like nothing ive ever seen even in bitcoin. When do I sell? I sold just 20% of my coins yesterday as a hedge and on bitfinex I can I have a loss of several grand. Its bugging me out.
I thought you the unassailable king of the day traders who never made a loss? Schadenfreude and tea for breakfast...sorry I almost never make a loss in FIAT but this is a loss of coins. In bitfinex I'm "shorting" against my own coins so I get to see the amount of fiat value that the "trade" is losing versus if I had just held. However, my total account balance is increasing faster than the "loss". I should have just transferred to my exchange wallet and did a normal sell so it wouldn't be so painful. Making a profit in FIAT is trivial and obvious when trading an asset that constantly grows as BTC, just look at the all time graph. If you are losing coins then your doing bad - very bad. You'd be better by holding. |
|
|
|
|
|
YoYa
|
|
November 21, 2013, 11:45:18 PM |
|
Good morning HK,
Friday, 22 November 2013, 07:04:47 HKT
A good day to make history?
50th anniversary of the JFK assassination... Man, I wish we could embed youtube in this forum. |
|
|
|
|
|
ardana123
|
|
November 21, 2013, 11:46:51 PM |
|
If one Subway is accepting Bitcoin and Subways official twitter just posted a story about "hundreds" of people driving hours to support them for accepting Bitcoin how long do you think it will take before they all follow suit?
Yes, they will all buy a fluctuating volatile difficult to learn currency just to buy a sandwich. In the process they are prone to losing money while doing all this. Come on people, get real. It's hilarious how everyone thinks merchant adoption is important at this point. I'd say clearing up the regulatory status, creating better (and more liquid) markets, and making bitcoin more simple for the average person to use is of what is of importance at this very moment. Not to mention the consumer side of things that needs to be worked on. Why the hell would anyone use a currency that has irrevocable transactions and no consumer protection for large transactions? Yes there are pros to using bitcoin to buy stuff, but all the above cancels those pros out. |
|
|
|
|
|
tHash
|
|
November 21, 2013, 11:49:02 PM |
|
Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.
All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.
Are you frozenlock or why you have his image? He is definitely not Frozenlock. I have no idea why he stole his image, or why we have not heard from Frozen for quite a while. I would speculate Frozen never bought back in after the April correction, since he said he was not holding through the fall again, and was expecting prices to fall much further than they did. This guy who stole his avatar said in a post he only got into BTC this year. |
|
|
|
|
|
barbs
|
|
November 21, 2013, 11:49:08 PM |
|
Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.
All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.
Are you frozenlock or why you have his image? Who is frozenlock? The guy on his picture. He seems to be off the forum for the few months, he stopped trading... It's frozenlock, he thinks we're dummies. |
|
|
|
|
|
ardana123
|
|
November 21, 2013, 11:50:01 PM |
|
Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.
All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.
Think of it another way, Bitcoin is the backend infrastructure that will allow entrepreneurs to build front end systems that take advantage of it's low transaction cost and security. It just happens to be a speculative vehicle as well, but in some ways if you think about it, it was fiendishly genus to make it deflationary driving huge demand from speculators guaranteeing it's adoption and growth as time goes on. We will eventually hit the top of the S-curve or it will all go to shit, but in any case.....enjoy the ride. I totally agree that bitcoin is some sort of template for things to come. But thinking merchant adoption is important at this point is just wrong. There's a buttload of other stuff that needs to be solved first. |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
November 21, 2013, 11:51:15 PM |
|
Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.
All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.
Think of it another way, Bitcoin is the backend infrastructure that will allow entrepreneurs to build front end systems that take advantage of it's low transaction cost and security. It just happens to be a speculative vehicle as well, but in some ways if you think about it, it was fiendishly genus to make it deflationary driving huge demand from speculators guaranteeing it's adoption and growth as time goes on. We will eventually hit the top of the S-curve or it will all go to shit, but in any case.....enjoy the ride. I totally agree that bitcoin is some sort of template for things to come. But thinking merchant adoption is important at this point is just wrong. There's a buttload of other stuff that needs to be solved first. naa its a fully working beta. for money of the future better get use to it now then later. |
|
|
|
|
|
TERA
|
|
November 21, 2013, 11:53:44 PM |
|
But I'm traumatized from that 80% drop in April. What should I do see a doctor?
|
|
|
|
|
|
YoYa
|
|
November 21, 2013, 11:54:57 PM |
|
Hrmmm.....  Wasn't too sure about that 786 resistance earlier, but it might have been a bit precient after all :/ |
|
|
|
|
|
barbs
|
|
November 21, 2013, 11:55:18 PM |
|
But I'm traumatized from that 80% drop in April. What should I do see a doctor?
i basically sold half my btc at 388$, havent hit my bids yet .. also traumatized from april. she's going up, i was greedy, I deserve it. |
|
|
|
|
|
miningnew
|
|
November 21, 2013, 11:56:10 PM |
|
But I'm traumatized from that 80% drop in April. What should I do see a doctor?
i basically sold half my btc at 388$, havent hit my bids yet .. also traumatized from april. she's going up, i was greedy, I deserve it. Sold 80 %  |
|
|
|
|
Phinnaeus Gage
Legendary
Offline
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
|
|
November 21, 2013, 11:56:12 PM |
|
Good morning HK,
Friday, 22 November 2013, 07:04:47 HKT
A good day to make history?
50th anniversary of the JFK assassination... He penned assassination. Now, we're all fucked! |
|
|
|
|
|
YoYa
|
|
November 21, 2013, 11:57:08 PM |
|
Good morning HK,
Friday, 22 November 2013, 07:04:47 HKT
A good day to make history?
50th anniversary of the JFK assassination... He penned assassination. Now, we're all fucked! Nah, don't worry, He still succeeded in death, so shall we. http://www.youtube.com/watch?v=g25G1M4EXrQ#t=93 |
|
|
|
|
|
Pruden
|
|
November 21, 2013, 11:57:18 PM |
|
Yes, they will all buy a fluctuating volatile difficult to learn currency just to buy a sandwich. In the process they are prone to losing money while doing all this.
No, they will learn about and buy bitcoin to speculate. Then they will decide to spend it some day, the same way many bitcoiners are now spending their first bitcoins after years of hoarding. The article on Subway shamelessly talks of the constant appreciation. Speculation is the gateway drug to bitcoin. |
|
|
|
|
NO2squik
Newbie
Offline
Activity: 43
Merit: 0
|
|
November 21, 2013, 11:57:55 PM |
|
But I'm traumatized from that 80% drop in April. What should I do see a doctor?
i basically sold half my btc at 388$, havent hit my bids yet .. also traumatized from april. she's going up, i was greedy, I deserve it. I sold nearly all my btc around 360 because there was a huge jump, and I expected a correction. I waited for the big dump, but it never came, and I bought back in at a loss at 550. I made the good decision to sell at 870 before it dropped, so I pretty much made it back. |
|
|
|
|
MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
|
|
November 21, 2013, 11:57:59 PM |
|
Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.
All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.
Are you frozenlock or why you have his image? He is definitely not Frozenlock. I have no idea why he stole his image, or why we have not heard from Frozen for quite a while. I would speculate Frozen never bought back in after the April correction, since he said he was not holding through the fall again, and was expecting prices to fall much further than they did. This guy who stole his avatar said in a post he only got into BTC this year. He is not, much different type of thinking and writing yea. I think he bought back, at least he said he ended daytrading cause this fucked him up. |
|
|
|
|
|
Poll
