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dani
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December 13, 2013, 08:59:02 AM |
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I'm going back to my precious alts trading, I'm tired of btc vs usd one and I'm shit in it.
Good job, let the good vibes roll  Maybe we can see another swing, so im full bitcoin again? Because 90% bitcoin is just not enough to me.  |
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seleme
Legendary
 Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 13, 2013, 09:02:38 AM |
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I'm going back to my precious alts trading, I'm tired of btc vs usd one and I'm shit in it.
Good job, let the good vibes roll Maybe we can see another swing, so im full bitcoin again? Because 90% bitcoin is just not enough to me. Hehe, but seriously I never knew how to trade BTC vs USD yet I always get involved in these shaky times thinking I might do it this time. Alts rulez though they are screwed now too. Before they were going in opposite direction of BTC so one could always use opportunity to hide himself in alts when btc would go in wrong direction, but now alts rise or fail together with btc and it's much harder to bank on them. |
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spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
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December 13, 2013, 09:04:35 AM |
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Alts used to be fun when people dumped money there when bitcoin would drop. Now they just follow btc. (LTC and NMC anyway - I'm not sure about PPC, FTC etc).
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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December 13, 2013, 09:07:03 AM |
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I guess the flip side is that it was posted on Yahoo, not exactly the cutting edge. Gives you a good idea of what 50 year old traditional business guys think though (which is a great contrarian indicator).
Why, do you have problems with the young guys? |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 13, 2013, 09:07:07 AM |
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Alts used to be fun when people dumped money there when bitcoin would drop. Now they just follow btc. (LTC and NMC anyway - I'm not sure about PPC, FTC etc).
Yeah, just added that to my post above. It's much harder to do it now. All BTC-e alts follow Bitcoin now, and most of Cryptsy ones do. It's kinda shit  |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 13, 2013, 09:09:10 AM |
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I'm going back to my precious alts trading, I'm tired of btc vs usd one and I'm shit in it.
Good job, let the good vibes roll Maybe we can see another swing, so im full bitcoin again? Because 90% bitcoin is just not enough to me. I'm 100% BTC and I'm... LONG!'cause BEING LONG IS NEVER WRONG |
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TERA
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December 13, 2013, 09:09:25 AM |
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There are just too many negative indicators on the daily chart and eerily familiar trap patterns for me to go full btc now. I went 40% btc just so I could chill out and not "miss the train".
I know from experience the best thing I can do when I'm frustrated with the market direction is to take a position with it and then it'll probably reverse,
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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December 13, 2013, 09:10:25 AM |
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BEING LONG, IS NEVER WRONG
-macsga
faulty punctuation leads to great frustration.-molec |
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barbs
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December 13, 2013, 09:10:50 AM |
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see you guys at 300?
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
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December 13, 2013, 09:15:51 AM |
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see you guys at 300? $/mBTC? |
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Nemo1024
Legendary
Offline
Activity: 1680
Merit: 1014
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December 13, 2013, 09:16:28 AM |
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Good morning from Europe and hello to everyone saying that going all fiat is stupid. You were, as always, right.
My only hope now is a sharp downward movement during the next three days, and knowing my luck, that will not happen.
This week saw me 3 BTC down, though almost at the same $ value. The worst decision was to sell at 804, after I auto-bought at 901 (down from 960), expecting the second down-leg.
Hopefully, we are at a local top before the week-end, so I am still in fiat. And I am in dire need of a second chance. Knowing Bitcoin, that chance would come, I just simply need not to botch it.
I am sorry you chose to learn the hard way. We tried . . . By the way, since you seem to like the risk of trading, where I just can't risk my precious BTC, I have an observation for you. Look at the one day charts. We had one large red candle the day the China news broke. Imagine a stone thrown in a pond. Following that, 3 days up, 3 days down, 3 days up, 2 days down. 2 days up? 1 or 2 days down? If you are going to mess around, at least trade the larger swings, not every day. Better yet, find an entry point and take a break . . . You know you wish you had done it sooner. Thank you for the insight. I discovered now the hard way, that my best trades were when I either placed limit orders and waited, or when I traded very small amounts on an ebb-and-tide. Anything inbetween, and I become too trigger-happy and lose. I think I am going to reduce my trading allowance as well, to be on the safe side. Oh, and about alts... I actually made 20 BTC on Zetacoin by just holding, when everyone was predicting it going to 0.... I know from experience the best thing I can do when I'm frustrated with the market direction is to take a position with it and then it'll probably reverse,
For you as well?!  |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 13, 2013, 09:16:40 AM |
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BEING LONG, IS NEVER WRONG
-macsga
faulty punctuation leads to great frustration.-molec LOL! |
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tutkarz
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December 13, 2013, 09:17:36 AM |
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see you guys at 300?
so you are leaving us forever? good luck then. |
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TERA
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December 13, 2013, 09:19:57 AM |
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see you guys at 300?
so you are leaving us forever? good luck then. Maybe if China were to put a flat out ban on bitcoins and shut down all the exchanges tomorrow that could happen during a flashcrash. |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 13, 2013, 09:21:40 AM |
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see you guys at 300?
so you are leaving us forever? good luck then. Maybe if China were to put a flat out ban on bitcoins and shut down all the exchanges tomorrow that could happen during a flashcrash. Come on now... Gimme that funky... $1000/BTC |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 13, 2013, 09:23:20 AM |
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There are just too many negative indicators on the daily chart and eerily familiar trap patterns for me to go full btc now. I went 40% btc just so I could chill out and not "miss the train".
I know from experience the best thing I can do when I'm frustrated with the market direction is to take a position with it and then it'll probably reverse,
Guys! Guys! The tea leaves look super negative and today is Friday the 13th! Sell! |
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spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
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December 13, 2013, 09:24:33 AM |
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*sigh* breaking 1k again. This time can we just keep going? I'm sick of reading bear FUD on here.
"pmg oh noes teh chrats telld me we haf to gp 2 duoble dgitis becez fo teh raesons"
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 13, 2013, 09:28:21 AM |
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barbs
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December 13, 2013, 09:30:11 AM |
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see you guys at 300?
so you are leaving us forever? good luck then. I've sold every last dollar. |
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gandhibt
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December 13, 2013, 09:36:15 AM |
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I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few) If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.
Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.
I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.
Make a plan and stick to it when something happens.
This will get you with more fiat and more btc. |
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