Bitcoin Forum
October 17, 2019, 01:46:01 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Oct. 5 Closing Price:
$0 - 5 (3.5%)
<$8,000 - 38 (27%)
$8,000-$8,500 - 16 (11.3%)
$8,500-$9,000 - 10 (7.1%)
$9,000-$9,500 - 13 (9.2%)
$9,500-$10,000 - 12 (8.5%)
$10,000-$10,500 - 10 (7.1%)
$10,500-$11,000 - 5 (3.5%)
$11,000-$11,500 - 2 (1.4%)
$11,500-$12,000 - 4 (2.8%)
>$12,000 - 17 (12.1%)
>$20,000 - 9 (6.4%)
Total Voters: 141

Pages: « 1 ... 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 [560] 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 ... 25253 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21403889 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (108 posts by 21 users deleted.)
Ultraviolet
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
May 27, 2013, 05:16:46 PM
 #11181


I've been wondering recently what is "more than you can afford to lose"?

should there be a distinction between "more than you can afford to lose" and "an amount that you can afford to lose, but it's quite a large percentage of what you own"...?


It's really up to the individual. You can set hard limits at the level of "an amount where if you lost it you'd be bankrupt/in serious trouble" etc, but for each individual what they're comfortable with risking on an investment/speculation, what they can recover, and what they can mentally and emotionally endure are all different for each person.

General principle: don't invest an amount where if you lose it your life will change for the worse in significant ways.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1571276761
Hero Member
*
Offline Offline

Posts: 1571276761

View Profile Personal Message (Offline)

Ignore
1571276761
Reply with quote  #2

1571276761
Report to moderator
Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
May 27, 2013, 05:22:15 PM
 #11182

Starting to look bad from here...  Lips sealed

Since when cheap coins look bad?

Wink

Always. It hurts the coin.

No only when you are "all in" (which means you are broke and invested more than you can afford to lose)


I've been wondering recently what is "more than you can afford to lose"?

should there be a distinction between "more than you can afford to lose" and "an amount that you can afford to lose, but it's quite a large percentage of what you own"...?



Well, the % you can afford to lose is different for every person, depending on his circumstances.

Some guy in his 20s could totally afford to lose all his fiat denominated savings on BTC - the cost of losing the opportunity could be higher than the damage done if his few $'s vanish.

A guy completely debt-free and with a nice and secure monthly income could also risk a relatively high % of his savings to BTC.

Au contraire, someone with a family to feed and a monthly income that is just enough to cover the expenses, should risk very little of his savings on BTC.

It's just a matter of personal situation. I know that in other times of my life I would have risked all my fiat savings, which is something I wouldn't do now.
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1016


Trusted Bitcoiner


View Profile WWW
May 27, 2013, 05:23:06 PM
 #11183

definitely put more then you can afford to lose in BTC... trust me don't make the same mistake i made
Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
May 27, 2013, 05:26:47 PM
 #11184

definitely put more then you can afford to lose in BTC... trust me don't make the same mistake i made

Sorry adam, but that's bad advice. Bitcoin is a high-risk investment, and that's why it has such a potentially huge return. If you put more than you can afford to lose (meaning that your life would change significantly if you lose it, that you may not be able to pay debts, send your kid to school, etc.) you are just a nuthead or a pathologic gambler. Because at the end of the day, BTC is more a gamble than an investment.

Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
May 27, 2013, 05:30:02 PM
 #11185

Starting to look bad from here...  Lips sealed

Since when cheap coins look bad?

Wink

Always. It hurts the coin.

This is not true. Bitcoin already went from $32 to $2. Did it "hurt the coin"? No. Bitcoin is resilient, but very much prone to volatility because of its scarcity. Don't fool yourself thinking that it can only go up. It will go up, then down, then it will bubble, then it will lose 85% of its value.

Been there, seen that. Nothing to worry about. Just be cold-minded enough to do not shit yourself when it loses 85% of its value, just BUY more.

 

Quite right but don't hold it like an idiot all the way down - sell it and buy it back much cheaper.


That's the ideal, but it's not so easy to spot the tops and the bottoms. I very much prefer to hold than to make a mistake and end up with less BTC's.

I admit a daytrade a bit, but only with play money, for the fun of it. Most of my trading consists in spotting the bottom to buy more, that's it.
michaelGedi
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


"to be or not to be, that is the bitcoin"


View Profile
May 27, 2013, 05:30:20 PM
 #11186

I've been wondering recently what is "more than you can afford to lose"?

should there be a distinction between "more than you can afford to lose" and "an amount that you can afford to lose, but it's quite a large percentage of what you own"...?

Well yeah, there is a distinction. That's why you expressed it differently.  Undecided


yes Smiley

..I feel the phrase gets thrown around a lot... personally more than I can afford to lose would mean I can't support myself if I lost it. I lost so much that I can't afford other things.


for someone else the same phrase will mean something different, e.g. if they lost their savings. They may still have their house and enough money coming in to survive and maintain a certain quality of life... the distinction is present but the phrase stays the same.

I'm enquiring more as to what a possible "standard definition" of the phrase should be.


e.g. I read some advice somewhere that it's not a good idea to have more than 5-10% of your assets in one investment. For those who subscribe to that practice, if they lost more than 11% then that would be their "more than they can afford".



EDIT - thanks for the other replies, typing rather slow today...

Rampion essentially covered what I've written here Smiley
phorensic
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500



View Profile
May 27, 2013, 05:30:54 PM
 #11187

It's any dump on MtGox now? (from $ 135.5 to $ 132.5) Shocked
Just the normal weekend dip I have been waiting for  Grin

You waited all weekend for a 3 dollar dip?


Depending on how many BTC you are trading a $3 dip could be huge. But I highly doubt they are playing with a couple thousand BTC
I'm sorry.  That was when it was just starting.  Here is the real dip.  Buy up fellas!
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1016


Trusted Bitcoiner


View Profile WWW
May 27, 2013, 05:31:19 PM
 #11188

definitely put more then you can afford to lose in BTC... trust me don't make the same mistake i made

Sorry adam, but that's bad advice. Bitcoin is a high-risk investment, and that's why it has such a potentially huge return. If you put more than you can afford to lose (meaning that your life would change significantly if you lose it, that you may not be able to pay debts, send your kid to school, etc.) you are just a nuthead or a pathologic gambler. Because at the end of the day, BTC is more a gamble than an investment.

ok fine, definitely put the MAXIMUM amount of money you can afford to lose.

Coinseeker
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250



View Profile
May 27, 2013, 05:36:54 PM
 #11189

Coinseeker, we all knew that suckers would have panicked after the Dwolla situation, and this is why everybody following this thread sold just before or at the beginning of the dip to buy back cheaper shortly after. But you were actually saying that the panic was justified, that the situation was indeed very bad news for BTC mid-term and that this was just a first step in a coordinated attack that would have killed Bitcoin - all these statements were based on superficial and flawed analysis that was destroyed by regulars with a better understanding of Bitcoin.

And BTW, here you are now "predicting" that BTC will go up up up.


I still totally believe that DHS and the USG aren't done with Bitcoin.  Not by a long shot. But are you really riding me for "speculating" in a speculation thread?  You don't have to agree that it's that dire, that's your right.  I do and only time will tell what's actually true.  I make my decisions based on how I interpret incoming information, just as you do.  I shouldn't be demonized just because it may be contrary to majority opinion.  

I get frustrated and say silly things just like anyone but I feel most of what I say is genuine based on my view of the information.  Last week I said clearly that it "appears" as if DHS is at least pretending to only care about not being in compliance of FinCEN.  That could prove to be absolutely true.  I don't believe that but I could be wrong.  I had information last week and I used that information, free from ideology, to correctly determine a rise in price.  If I was concerned with just being "right", according to ideology, I would never had said such.  

I don't come here to be "right".  I come here to learn from a couple I deem worthy and to share my view of the incoming information.  I make predictions and I've been pretty good at it.  I have weakness for getting sucked into nonsense and that's why you see that passage under my avatar.  It's not for any of you...it's to remind myself of what's most important because I am just as flawed as any of you.
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 27, 2013, 05:39:31 PM
 #11190

How dare you think Bitcoin will not always go up Up UP?!  Roll Eyes
Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
May 27, 2013, 05:40:34 PM
 #11191

definitely put more then you can afford to lose in BTC... trust me don't make the same mistake i made

Sorry adam, but that's bad advice. Bitcoin is a high-risk investment, and that's why it has such a potentially huge return. If you put more than you can afford to lose (meaning that your life would change significantly if you lose it, that you may not be able to pay debts, send your kid to school, etc.) you are just a nuthead or a pathologic gambler. Because at the end of the day, BTC is more a gamble than an investment.

ok fine, definitely put the MAXIMUM amount of money you can afford to lose.



There we have an agreement, my friend Smiley

I will say more: STOP buying silly things with your "spare" money, just throw it to Bitcoin!
michaelGedi
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


"to be or not to be, that is the bitcoin"


View Profile
May 27, 2013, 05:51:12 PM
 #11192

definitely put more then you can afford to lose in BTC... trust me don't make the same mistake i made

Sorry adam, but that's bad advice. Bitcoin is a high-risk investment, and that's why it has such a potentially huge return. If you put more than you can afford to lose (meaning that your life would change significantly if you lose it, that you may not be able to pay debts, send your kid to school, etc.) you are just a nuthead or a pathologic gambler. Because at the end of the day, BTC is more a gamble than an investment.

ok fine, definitely put the MAXIMUM amount of money you can afford to lose.



There we have an agreement, my friend Smiley

I will say more: STOP buying silly things with your "spare" money, just throw it to Bitcoin!


yes, this has already been done of course Smiley

after webmoney, VC announcements and conference default stance changed to all in.

more BTC accepting vendors for day to day shopping in UK would be nice... those purchases would have to be far more carefully considered and wouldn't have to keep "spare money" around to buy food/drinks/travel etc...
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 27, 2013, 05:55:30 PM
 #11193

after webmoney, VC announcements and conference default stance changed to all in.

You won't be able to prop up the price then.  Grin
michaelGedi
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


"to be or not to be, that is the bitcoin"


View Profile
May 27, 2013, 05:57:39 PM
 #11194

after webmoney, VC announcements and conference default stance changed to all in.

You won't be able to prop up the price then.  Grin


nah not unless I stop spending my spare money on food/drinks/travel etc... Smiley
ChartBuddy
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


View Profile
May 27, 2013, 06:01:53 PM
 #11195

adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1016


Trusted Bitcoiner


View Profile WWW
May 27, 2013, 06:35:55 PM
 #11196

I see a lot less wall manipulation these days. we haven't seen a huge bid or ask wall pop up purely to cause panic. good sign IMO



Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 27, 2013, 06:40:25 PM
 #11197

Yes, people are getting tired of watching the Bitcoin price.
Is this really a good thing?
kickinyou
Member
**
Offline Offline

Activity: 93
Merit: 10


View Profile
May 27, 2013, 06:40:56 PM
 #11198

Huge wall ?
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1016


Trusted Bitcoiner


View Profile WWW
May 27, 2013, 06:41:27 PM
 #11199

I see a lot less wall manipulation these days. we haven't seen a huge bid or ask wall pop up purely to cause panic. good sign IMO



lol i say that, and now their is a 5K ask wall


panic time?
ElectricMucus
Legendary
*
Offline Offline

Activity: 1666
Merit: 1005


CryptoTalk.Org - Get Paid for every Post!


View Profile WWW
May 27, 2013, 06:41:48 PM
 #11200

5k sellwall just popped up @132
lol adam was faster Grin
I see a lot less wall manipulation these days. we haven't seen a huge bid or ask wall pop up purely to cause panic. good sign IMO



lol i say that, and now their is a 5K ask wall


panic time?

I guess so.
Pages: « 1 ... 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 [560] 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 ... 25253 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!