Davyd05
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November 23, 2013, 07:26:03 AM |
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Ahhh...there's that spike I could feel.
Went out and did some weeding...always a sure thing the market will move while I'm away.
So, educated madames et monsieurs....where do we take profits before this trend reverses?
somewhere between 1700 and 2200 Mwahhahah Then I looked at BTCWisdom and saw 6000CNY hoving in to view...that was Mr Reptile's prediction about 2200USD...1700 probably seems more realistic. What fun lets see if it can fight through some of the profit taking insurance points on the way back to 1000
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Vigil
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November 23, 2013, 07:31:51 AM |
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What sucks is that I bought back in above the point at which I sold before the crash - oh, well... at least I got in.
When will people learn from the great investing sage Zhou Tonged? Or I could have held and it crashed to $400 and stayed there for the next 3 months - missing out on doubling my coins. This recent "crash" wasn't a real crash, obviously, but it usually makes sense to take profit and buy in at the lower price point.
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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November 23, 2013, 07:33:10 AM |
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Ahhh...there's that spike I could feel.
Went out and did some weeding...always a sure thing the market will move while I'm away.
So, educated madames et monsieurs....where do we take profits before this trend reverses?
somewhere between 1700 and 2200 Mwahhahah Then I looked at BTCWisdom and saw 6000CNY hoving in to view...that was Mr Reptile's prediction about 2200USD...1700 probably seems more realistic. What fun lets see if it can fight through some of the profit taking insurance points on the way back to 1000 BTCChina just seems to get the shits close to 6000CNY..that's defo a profit point for a lot of investors there, big psychological barrier it seems.
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jojo69
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Activity: 3318
Merit: 4606
diamond-handed zealot
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November 23, 2013, 07:34:04 AM |
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"chew chew" fuck yeah!!
rofl
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justusranvier
Legendary
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Activity: 1400
Merit: 1013
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November 23, 2013, 07:34:07 AM |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.
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solex
Legendary
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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November 23, 2013, 07:41:22 AM |
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the 1000 USD mark will make lots of headlines around the world...
Almost as much as the $1279 mark (or thereabouts).
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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November 23, 2013, 07:43:19 AM |
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the 1000 USD mark will make lots of headlines around the world...
Almost as much as the $1279 mark (or thereabouts). AKA the gold price?
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Vigil
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November 23, 2013, 07:44:04 AM |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held. It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back.
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jojo69
Legendary
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Activity: 3318
Merit: 4606
diamond-handed zealot
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November 23, 2013, 07:50:17 AM |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held. It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back. good luck with that
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molecular
Donator
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Activity: 2772
Merit: 1019
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November 23, 2013, 07:53:37 AM |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held. It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back. good luck with that I've given up trying. Just doesn't work for me.
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Vigil
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November 23, 2013, 07:55:09 AM |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held. It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back. good luck with that What is luck about it? If you sold at $250 and bought back at $100 you would have done just as well. If you did the same at $30 even better. Once this rise is done its going back down to $400-$500. You sell once it starts going parabolic and buy in. Its not that difficult. Only thing is this past bubble burst early, so get back in to make profit and let it burst again.
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jojo69
Legendary
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Activity: 3318
Merit: 4606
diamond-handed zealot
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November 23, 2013, 07:56:58 AM |
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great, report back when you double your coins
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Vigil
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November 23, 2013, 07:59:13 AM |
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great, report back when you double your coins
I've already done so multiple times.
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ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 23, 2013, 08:02:06 AM |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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November 23, 2013, 08:04:46 AM |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held. For most people, holding 100% of the initial amount is not a wise choice. It is good to diversify by selling into strength to account for the possibility of a black swan event in Bitcoin technology. This way you steadily accumulate also non-BTC assets, and can learn how to handle wealth. You sleep better and don't see dips in price as an opportunity to panic, but rather an opportunity to buy back if you really feel like so. The selling plan must be based on percentages, which means that no matter how high bitcoin goes, you still have more value in your remaining BTC. If you have BTC1,000 and you absolutely want to have the same number when it hits $million, then it is best to just bury the paper wallet into ground and wake up when you are a billionaire. Trading only makes you lose the most of it over time with no gain. But it is not healthy for anyone to suddenly become a billionaire. If instead, you flex your Excel muscle and devise a plan to sell BTC900 in decreasing increments at exponentially rising price points, you will already be rich and well-established when bitcoin hits $1 million, and totally content with the idea that your remaining stash is still worth a cool $100M.
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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November 23, 2013, 08:10:05 AM |
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Ahhh...there's that spike I could feel.
Went out and did some weeding...always a sure thing the market will move while I'm away.
So, educated madames et monsieurs....where do we take profits before this trend reverses?
somewhere between 1700 and 2200 ... my calcs are putting this next peak somewhere between 2500-3200 ... but not until March or so. One thing to note is the total time taken for the run-ups at each adoption phase is longer than the last ... i.e. each bull wave gets more powerful than the last.
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crazy_rabbit
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Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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November 23, 2013, 08:22:06 AM |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held. For most people, holding 100% of the initial amount is not a wise choice. It is good to diversify by selling into strength to account for the possibility of a black swan event in Bitcoin technology. This way you steadily accumulate also non-BTC assets, and can learn how to handle wealth. You sleep better and don't see dips in price as an opportunity to panic, but rather an opportunity to buy back if you really feel like so. The selling plan must be based on percentages, which means that no matter how high bitcoin goes, you still have more value in your remaining BTC. If you have BTC1,000 and you absolutely want to have the same number when it hits $million, then it is best to just bury the paper wallet into ground and wake up when you are a billionaire. Trading only makes you lose the most of it over time with no gain. But it is not healthy for anyone to suddenly become a billionaire. If instead, you flex your Excel muscle and devise a plan to sell BTC900 in decreasing increments at exponentially rising price points, you will already be rich and well-established when bitcoin hits $1 million, and totally content with the idea that your remaining stash is still worth a cool $100M. That is incredibly sage advice and I just might take it. Really. Some people should read this carefully. You are absolutely right, being a billionaire overnight is not healthy. Not even being a millionaire overnight is healthy.
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1013
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November 23, 2013, 08:23:24 AM |
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For most people, holding 100% of the initial amount is not a wise choice. It is good to diversify by selling into strength to account for the possibility of a black swan event in Bitcoin technology. This way you steadily accumulate also non-BTC assets, and can learn how to handle wealth. You sleep better and don't see dips in price as an opportunity to panic, but rather an opportunity to buy back if you really feel like so. The selling plan must be based on percentages, which means that no matter how high bitcoin goes, you still have more value in your remaining BTC.
If you have BTC1,000 and you absolutely want to have the same number when it hits $million, then it is best to just bury the paper wallet into ground and wake up when you are a billionaire. Trading only makes you lose the most of it over time with no gain. But it is not healthy for anyone to suddenly become a billionaire.
If instead, you flex your Excel muscle and devise a plan to sell BTC900 in decreasing increments at exponentially rising price points, you will already be rich and well-established when bitcoin hits $1 million, and totally content with the idea that your remaining stash is still worth a cool $100M. For me, Bitcoin is not an investment - it's immigration. Instead of being a fiat native who dabbles in Bitcoin, I'm now a Bitcoin native who only deals with fiat reluctantly, when it's unavoidable. At the present time I pay for more than 50% of my monthly expenses with BTC and that percentage is trending up.
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