Vycid
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 10:50:13 PM |
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China rallying all on its own Chinese saw that this was no big deal an are buying back.... I am all BTC for the night. Let's see what tomorrow will bring... I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose. How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before. It's better to think about it as, "When I bought my coins, I could afford to lose 100 BTC. I can still afford to lose 100 BTC."
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dwdoc
Legendary
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Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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December 05, 2013, 10:50:32 PM |
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Just recovered from another sell-off.
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dwdoc
Legendary
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Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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December 05, 2013, 10:52:11 PM |
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China rallying all on its own Chinese saw that this was no big deal an are buying back.... I am all BTC for the night. Let's see what tomorrow will bring... I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose. How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before. He must have been in a deep hole to start with.
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 10:53:07 PM |
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China rallying all on its own Chinese saw that this was no big deal an are buying back.... I am all BTC for the night. Let's see what tomorrow will bring... I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose. How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before. He must have been in a deep hole to start with. He had debt in excess of 10x his assets, then, and decided it was prudent to purchase Bitcoin.
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micalith
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December 05, 2013, 10:57:11 PM |
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China rallying all on its own Chinese saw that this was no big deal an are buying back.... I am all BTC for the night. Let's see what tomorrow will bring... I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose. How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before. He must have been in a deep hole to start with. The original investment was too big, especially as my prospects of income are slim for the next few months. I got my money back, and now have about 5 times that investment, in bitcoins left over. edit: basically, I could afford to loose about 10% of my fiat at the time of investing in bitcoin, but decided to risk allot more. That was a good decision. Trying to day trade in April and May wasn't! lol
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Vigil
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December 05, 2013, 10:59:09 PM |
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Just recovered from another sell-off. Short sell-off will commence for the next few hours to about 1010.
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ChartBuddy
Legendary
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Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2013, 11:02:01 PM |
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chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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December 05, 2013, 11:02:48 PM |
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Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?
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Vigil
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December 05, 2013, 11:05:00 PM |
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Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?
Buy back on this incoming dip.
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octaft
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December 05, 2013, 11:07:16 PM |
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Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?
5% is a small amount of your holdings. I would just consider it taking profit, personally, but I won't tell you what to do with your money.
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 11:25:41 PM |
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Ho hum.
Excitement is over I guess.
Where to now? Are we going to move back toward the ATH, or is this dip more permanent? What's the sentiment?
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Voodah
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December 05, 2013, 11:26:24 PM |
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Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?
Current price is not bad at all for a 5% rake (as rpietila would say). Btw, did you mean you sold 1k BTC or you sold at 1k usd/btc ??
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 05, 2013, 11:28:37 PM |
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Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?
you are a good person let them have the coins they want sell more!
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octaft
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December 05, 2013, 11:30:26 PM |
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Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?
Current price is not bad at all for a 5% rake (as rpietila would say). Btw, did you mean you sold 1k BTC or you sold at 1k usd/btc ?? I would assume he meant at 1k price, since I imagine he wouldn't be panicking if he had 20k BTC, or worrying about whether he should buy back.
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nagnagnag2
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December 05, 2013, 11:44:10 PM |
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finally some high's again!
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Teslaza
Newbie
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Activity: 16
Merit: 0
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December 05, 2013, 11:45:22 PM |
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dwdoc
Legendary
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Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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December 05, 2013, 11:48:56 PM |
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Willis Report on fox business channel about to talk about bitcoin.
Rest in peace Nelson Mandela.
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 11:49:58 PM |
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Yeah, big loss for the world. That was a rare man. He lived to 95 though.
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Teslaza
Newbie
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Activity: 16
Merit: 0
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December 05, 2013, 11:53:05 PM |
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Willis Report on fox business channel about to talk about bitcoin.
Is there an online resource to watch?
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ChartBuddy
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Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 06, 2013, 12:02:02 AM |
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