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tutkarz
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July 12, 2013, 11:08:59 AM |
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This rally left many of us scratching heads, with single large buys setting new price level, and no profit taking 'yet'.
The road ahead is steeper requiring more heavy $ while USD coming in btc decreasing substantially. I believe saturation point is not far and big boys are just waiting for buy side to fill up before dumping starts, as currently 10k sell brings us back to 85.
would you sell if you didn't think you could buy back your 10k BTC at a profit? I wouldn't. think about it, Flash dump the wrong way, sure you might attract some sellers to go with you, but will you convince enough sellers so that you can buy back your position without a loss? pshh. don't forget about the bulls buying into your dump as a result of the lower prices (supply/demand don't forget!), taking up your position. i dont think they will cry much if they have 1k bitcoins more or less. I would. The name of this game is increasing the amount of bitcoins you have in the long term. if you don't get that then you're a weak hand. this is gambling, nobody wins 100% time. This is not simply gambling against chance like roulette or dice. This is controlling your risk to maximize some sort of objective, which in this realm is acquiring more bitcoins. it is gambling because you don't know what will happen tomorrow. And everything can happen. |
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ardana123
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July 12, 2013, 11:10:12 AM |
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so mad i didn't buy back in at 80 right now
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 12, 2013, 11:11:38 AM |
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it is gambling because you don't know what will happen tomorrow. And everything can happen.
the prudent gambler doesn't care about what will happen tomorrow, if he knows what will happen in 2-5 years |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 12, 2013, 11:12:30 AM |
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so mad i didn't buy back in at 80 right now
not too late, what's a few % of a bull trend?  |
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hlynur
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July 12, 2013, 11:16:57 AM |
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When you own 200,000BTC, there are only a few things you can do to increase your percentage  sure, i would do same thing. put some coins aside and multiply your active stash. hats off to the whale/s who manipulated market down and up during the last two weeks while taking advantage of the popular beliefs during that phase. first everybody expected a correction and later an overdue upturn because of bullish news. perhaps we would have seen 50 without these news. you can't manipulate against the sentiments of the masses...then it's really gambling. it's better to shake the tree during windy times because everybody's expecting it to go that way. |
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cosmicblue
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July 12, 2013, 11:18:34 AM |
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it is gambling because you don't know what will happen tomorrow. And everything can happen.
the prudent gambler doesn't care about what will happen tomorrow, if he knows what will happen in 2-5 years this is not called gambling. |
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gandhibt
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July 12, 2013, 11:22:10 AM |
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Seems like >100 does not hold very firmly. This is quite a thriller I must say.
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 12, 2013, 11:22:22 AM |
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it is gambling because you don't know what will happen tomorrow. And everything can happen.
the prudent gambler doesn't care about what will happen tomorrow, if he knows what will happen in 2-5 years this is not called gambling. I'm gambling on my future you see, by forgoing the use of my capital now. |
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Bitcycle
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July 12, 2013, 11:23:04 AM |
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Lots of small fries anxious to sell at 100.
But what will the whales do?
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 12, 2013, 11:23:24 AM |
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^eat them up
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cosmicblue
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July 12, 2013, 11:25:05 AM
Last edit: July 16, 2013, 10:37:41 AM by cosmicblue |
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Lots of small fries ..
LOL |
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Double-Spent
Member
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Activity: 74
Merit: 10
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July 12, 2013, 11:25:47 AM |
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Went all-in at $20.
Never sold, now I see it was a mistake. I could have easily doubled my holdings if I sold when I thought I should have, but I didn't just because I didn't even want to have the hassle to send coins to Gox.
There is a big difference in holding 300 or 600 coins, guys.
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 12, 2013, 11:27:43 AM |
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Went all-in at $20.
Never sold, now I see it was a mistake. I could have easily doubled my holdings if I sold when I thought I should have, but I didn't just because I didn't even want to have the hassle to send coins to Gox.
There is a big difference in holding 300 or 600 coins, guys.
hindsight bro and you're not considering other price entry points. what if you bought at 90, sold at 80, and missed buying back in at 60-70? it's not as easy as you think!! |
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crazy_rabbit
Legendary
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Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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July 12, 2013, 11:29:53 AM |
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Went all-in at $20.
Never sold, now I see it was a mistake. I could have easily doubled my holdings if I sold when I thought I should have, but I didn't just because I didn't even want to have the hassle to send coins to Gox.
There is a big difference in holding 300 or 600 coins, guys.
True dat'. |
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cosmicblue
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July 12, 2013, 11:31:07 AM |
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There is a big difference in holding 300 or 600 coins, guys.
Sure, but if you are 30+ and hold more than 50k coins, you dont care much about speculating. You just lean back and wait a few years  |
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cosmicblue
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July 12, 2013, 11:32:43 AM |
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what if you bought at 90, sold at 80, and missed buying back in at 60-70? it's not as easy as you think!!
If you bought @ 90, why should you sell @ 80? Makes no sense  |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 12, 2013, 11:35:17 AM |
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hindsight bro and you're not considering other price entry points. what if you bought at 90, sold at 80, and missed buying back in at 60-70? it's not as easy as you think!!
If you bought @ 90, why should you sell @ 80? Makes no sense Makes no sense unless you're one of the panickers that sold recently. they wanted to catch cheaper coins. haha it was a bad example but the point i was trying to make is that it's hard to time bottoms and it's hard to time tops. looking back it would've been easy to think that hey, i should've sold at $240, what was i thinking, when at that point you were afraid to lose any upside gains if we were to keep going up, the reason why you held, right? |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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July 12, 2013, 11:37:09 AM |
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There is a big difference in holding 300 or 600 coins, guys.
Sure, but if you are 30+ and hold more than 50k coins, you dont care much about speculating. You just lean back and wait a few years Plus, the market is still too small to successfully daytrade with big volumes. Sure, doubling 300 coins is not a big deal. Doubling +1,000 coins its not so easy because of the illiquidity of the market, you really have to catch juicy points both to sell and to buy. In this market its not easy at all to buy and sell frequently significant amounts without being burnt by the mix of high fees+slippage. |
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cosmicblue
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July 12, 2013, 11:39:43 AM |
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Makes no sense unless you're one of the panickers that sold recently. they wanted to catch cheaper coins. haha it was a bad example but the point i was trying to make is that it's hard to time bottoms and it's hard to time tops. looking back it would've been easy to think that hey, i should've sold at $240, what was i thinking, when at that point you were afraid to lose any upside gains if we were to keep going up, the reason why you held, right?
Panickers are always losing, thats life! If I bought 10k today @ 90, I'd sell @ 190 at the latest. I wouldn't wait for the bubble burst. |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 12, 2013, 11:40:19 AM |
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Makes no sense unless you're one of the panickers that sold recently. they wanted to catch cheaper coins. haha it was a bad example but the point i was trying to make is that it's hard to time bottoms and it's hard to time tops. looking back it would've been easy to think that hey, i should've sold at $240, what was i thinking, when at that point you were afraid to lose any upside gains if we were to keep going up, the reason why you held, right?
Panickers are always loosing, thats life! If I bought 10k today @ 90, I'd sell @ 190 at the latest. I wouldn't wait for the bubble burst. hindsight! |
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