Vycid
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 10:50:13 PM |
|
China rallying all on its own ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 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."
|
|
|
|
dwdoc
Legendary
Offline
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 10:50:32 PM |
|
Just recovered from another sell-off. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
dwdoc
Legendary
Offline
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 10:52:11 PM |
|
China rallying all on its own ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 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.
|
|
|
|
Vycid
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 10:53:07 PM |
|
China rallying all on its own ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 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.
|
|
|
|
micalith
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 10:57:11 PM |
|
China rallying all on its own ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 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
|
|
|
|
Vigil
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 10:59:09 PM |
|
Just recovered from another sell-off. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Short sell-off will commence for the next few hours to about 1010.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
![](https://bitcointalk.org/Themes/custom1/images/post/lamp.gif) |
December 05, 2013, 11:02:01 PM |
|
|
|
|
|
chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:02:48 PM |
|
Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?
|
|
|
|
Vigil
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:05:00 PM |
|
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.
|
|
|
|
octaft
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:07:16 PM |
|
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.
|
|
|
|
Vycid
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:25:41 PM |
|
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?
|
|
|
|
Voodah
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:26:24 PM |
|
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 ??
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:28:37 PM |
|
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!
|
|
|
|
octaft
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:30:26 PM |
|
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.
|
|
|
|
nagnagnag2
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:44:10 PM |
|
finally some high's again!
|
|
|
|
Teslaza
Newbie
Offline
Activity: 16
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:45:22 PM |
|
|
|
|
|
dwdoc
Legendary
Offline
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:48:56 PM |
|
Willis Report on fox business channel about to talk about bitcoin.
Rest in peace Nelson Mandela.
|
|
|
|
Vycid
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:49:58 PM |
|
Yeah, big loss for the world. That was a rare man. He lived to 95 though.
|
|
|
|
Teslaza
Newbie
Offline
Activity: 16
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 05, 2013, 11:53:05 PM |
|
Willis Report on fox business channel about to talk about bitcoin.
Is there an online resource to watch?
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
![](https://bitcointalk.org/Themes/custom1/images/post/lamp.gif) |
December 06, 2013, 12:02:02 AM |
|
|
|
|
|
|