CryptStorm
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November 13, 2013, 06:32:49 PM |
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We need another choo choo muthafucker.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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RooKIED
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November 13, 2013, 06:34:50 PM |
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mccorvic
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November 13, 2013, 06:37:17 PM |
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We are close to having a new ATH in terms of amount of USD on the books @ Gox.
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Walsoraj
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November 13, 2013, 06:39:31 PM |
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We are close to having a new ATH in terms of amount of USD on the books @ Gox.
Maybe i should sell my massive amount of coins into that?
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gambitv
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November 13, 2013, 06:44:32 PM |
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We are close to having a new ATH in terms of amount of USD on the books @ Gox.
Maybe i should sell my massive amount of coins into that? Good chance to find out the weak hands... WOW! My coins have arrived on bitstamp in record time from Gox! w00t! ( BTC balance: 4.20 )
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CryptStorm
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November 13, 2013, 06:44:46 PM |
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We are close to having a new ATH in terms of amount of USD on the books @ Gox.
Maybe i should sell my massive amount of coins into that? Translation to Chinese: "BUY, BUY, BUY!!!" (Jaroslaw eats slippage)
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 13, 2013, 06:44:48 PM |
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We are close to having a new ATH in terms of amount of USD on the books @ Gox.
Maybe i should sell my massive amount of coins into that? Well, nobody ever went broke taking profits, but you might be premature in doing so. The longer it takes for us to go parabolic, the higher the peak on this thing is ultimately going to be.
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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November 13, 2013, 06:53:08 PM |
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Well, nobody ever went broke taking profits
The only way you take profits in bitcoin is to buy some. The cheaper you buy, the more profits you take. Spending bitcoins may be fun, but I wouldn't call it profits... Goxbux is showing the way how all bux will be treated in not so distant future.
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LOADING.READY.RUN
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November 13, 2013, 06:58:30 PM |
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The only way you take profits in bitcoin is to buy some. The cheaper you buy, the more profits you take.
This isn't correct. You can do leveraged margin trading on Bitfinex (which also allows you to buy/sell on Bitstamp) and increase your stash of coins by that. A margin trade should be closed from time to time; in case of going long that means selling the coins you bought with borrowed USD.
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David M
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November 13, 2013, 07:03:49 PM |
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Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
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BowieMan
Full Member
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Activity: 154
Merit: 100
Is there life on Mars?
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November 13, 2013, 07:05:57 PM |
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The longer it takes for us to go parabolic, the higher the peak on this thing is ultimately going to be.
we haven't gone parabolic yet?
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 13, 2013, 07:06:56 PM |
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The longer it takes for us to go parabolic, the higher the peak on this thing is ultimately going to be.
we haven't gone parabolic yet? I thought we had, on the last runup before the correction to $300. But if you look closely at the most recent curvature, no.
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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November 13, 2013, 07:07:06 PM |
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Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
Yes, otherwise you will be out by summer. Tell him you expect him to live longer than summer and want to have more time discussing this with him.
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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November 13, 2013, 07:07:43 PM |
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"This is getting ridiculous. What am I meant to do with this $40K?
Bitcoin-er problems.. If he doesn't need the money, why is he selling at all? Hell, sell 10 btc every $100 if it makes you feel better about taking profits on occasion.
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BRADLEYPLOOF
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November 13, 2013, 07:08:24 PM |
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Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful! Or he could set up a scholarship for needy kids?
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 13, 2013, 07:15:28 PM |
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Somebody better let Bitstamp know there's a rally going on.
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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November 13, 2013, 07:16:25 PM |
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This market runs around like a headless chicken.
Zoom out. That chicken has been climbing a mountain for 3 years. it's not headless and it may have its hart ripped out when it gets to the top.
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David M
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November 13, 2013, 07:16:34 PM |
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If he doesn't need the money, why is he selling at all?
He hasn't needed more money for 15 years. One of the reasons for that is his discipline and management skills. His last two trades are reflection of those qualities. I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful! Or he could set up a scholarship for needy kids?
He donates to 4 charities and I am sure they will all get a nice surprise this Christmas.
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BRADLEYPLOOF
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November 13, 2013, 07:17:52 PM |
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If he doesn't need the money, why is he selling at all?
He hasn't needed more money for 15 years. One of the reasons for that is his discipline and management skills. His last two trades are reflection of those qualities. I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful! Or he could set up a scholarship for needy kids?
He donates to 4 charities and I am sure they will all get a nice surprise this Christmas.
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Chainsaw
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November 13, 2013, 07:23:20 PM |
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Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
Yes, otherwise you will be out by summer. Tell him you expect him to live longer than summer and want to have more time discussing this with him. That's the advantage of using a percentage-based withdrawal, with whatever level of conservative/aggression your tastes demand. Because we've recently gone parabolic, I've personally started using this format, but putting rebuys, proportional to each sell, below each normally finalized sale. As an example: You sell 10 Bitcoins at $100. Rebuy 4 Bitcoins at $90 Rebuy 3 Bitcoins at $80 Rebuy 2 Bitcoins at $50 Rebuy 1 Bitcoin at $33 This way, without knowing how far up the parabolic rise will go before the inevitable correction, consolidation, and finding of new equilibrium. You'll never have sold more than you were willing to ultimately part with. All your rebuys will be for a net gain of Bitcoins. The weakness is that you'll leave money on the table - there is virtually no chance such a system will maximize profits...but that is not the goal. The advantage? When the instigating event - whatever it may be - causes the crash to occur...all your rebuys will be in place, and according to a pre-planned, controlled method. You will not be hostage to the inability to change your order book for hours at a time - something that occurred both in the April crash, and most recently, for a few hours on our good friend Gox.
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