billyjoeallen
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February 09, 2014, 03:36:01 PM |
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stamp going down again, and btc-e down?
Slowly coming back to 100$ hmmm. I see a pattern here. If I was a whale, I'd pay some Asians $0.30/hr to flood this forum and reddit with FUD at opportune times. I wouldn't be wasting my own time. If Bitcoin goes anywhere near $100, I will panic sell and buy it all back at $40. Hell, I'll double my coins and spend the rest on hookers and blow. That's the luxury of buying in at $10. But I think it's more likely to do this:  |
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"Governments are good at cutting off the heads of a centrally
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pietje
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February 09, 2014, 03:41:14 PM |
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That guy with the big buy a few hours ago must feel bad now.
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billyjoeallen
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February 09, 2014, 03:47:46 PM |
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That guy with the big buy a few hours ago must feel bad now.
That's the irony. Trades based on feelings usually lead to bad feelings. I screw up market timing all the time, but losses are only actualized if you sell. If you think in terms of opportunity costs, you will go crazy. |
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tarmi
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February 09, 2014, 04:15:57 PM |
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That guy with the big buy a few hours ago must feel bad now.
you never market buy when the price is going down. |
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JorgeStolfi
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February 09, 2014, 04:26:03 PM |
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you never market buy when the price is going down.
Good advice, but what does "going down" mean? Should one look at the charts for the past minute, hour, day, week, month, year, decade? They will often say completely opposite things... |
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billyjoeallen
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February 09, 2014, 04:29:23 PM |
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That guy with the big buy a few hours ago must feel bad now.
you never market buy when the price is going down. It wasn't going down. It was a low volume melt up. Besides, it's still $735 on Coinbase. A little arbitrage and he wouldn't lose that much even if the price stays were it is or doesn't drop too much. Or he could be covering an off-exchange put and locked in his profit when he bought. But yeah, he prolly is regretting it. Hindsight is 20/20. |
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Adrian-x
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February 09, 2014, 04:31:28 PM |
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That's the luxury of buying in at $10. But I think it's more likely to do this:
Someone bought Most of my coins at $10 not long ago, I don't think I'll get a chance to buy back ever. I like your image. |
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tarmi
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February 09, 2014, 04:35:26 PM |
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That guy with the big buy a few hours ago must feel bad now.
you never market buy when the price is going down. It wasn't going down. It was a low volume melt up. Besides, it's still $735 on Coinbase. A little arbitrage and he wouldn't lose that much even if the price stays were it is or doesn't drop too much. Or he could be covering an off-exchange put and locked in his profit when he bought. But yeah, he prolly is regretting it. Hindsight is 20/20. I wouldnt call a volume of 60 k @ stamp a low volume melt up. Its quite the opposite: this is a low volume rally. |
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billyjoeallen
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February 09, 2014, 04:37:41 PM |
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That's the luxury of buying in at $10. But I think it's more likely to do this:
Someone bought Most of my coins at $10 not long ago, I don't think I'll get a chance to buy back ever. I like your image. yeah, opportunities are everywhere, but prolly not that one. On the bright side, at least you got more than a couple of pizzas for them! |
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yrtrnc
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February 09, 2014, 04:40:58 PM |
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Whats going on with btc-e?
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billyjoeallen
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February 09, 2014, 04:48:20 PM |
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That guy with the big buy a few hours ago must feel bad now.
you never market buy when the price is going down. It wasn't going down. It was a low volume melt up. Besides, it's still $735 on Coinbase. A little arbitrage and he wouldn't lose that much even if the price stays were it is or doesn't drop too much. Or he could be covering an off-exchange put and locked in his profit when he bought. But yeah, he prolly is regretting it. Hindsight is 20/20. I wouldnt call a volume of 60 k @ stamp a low volume melt up. Its quite the opposite: this is a low volume rally. If that guy holds on long enough, he'll likely make a profit. It's just a question of how long he has to wait. Lots of coins changed hands at higher prices than that. Even momo traders are mostly just doing it to increase their coin stacks and not cash out permanently. Bitcoin's been through MUCH worse than this. I heard it said that day trading bitcoin is like juggling chainsaws on a tightrope over a vat of boiling acid. I'll keep buying until the idiots on tout TV like Jim Kramer tell me to buy. Then I'll sell. Mean time I'll mostly hodl. |
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TPN
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Activity: 193
Merit: 100
How did it get so late, so soon?
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February 09, 2014, 05:00:55 PM |
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Seems like the drop has stopped?
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 09, 2014, 05:02:16 PM |
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yrtrnc
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February 09, 2014, 05:20:23 PM |
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Calm before the storm
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UnDerDoG81
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February 09, 2014, 05:22:22 PM |
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That guy with the big buy a few hours ago must feel bad now.
Why? If he holds a few month he´ll probably double his cash... |
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fonzie
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February 09, 2014, 05:30:36 PM |
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I really appreciate that Gox has been dumping the shit out of Bitcoin in the last days.
But to be honest the trading processes that are going on over there look 90% made up and unnatural.
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michaelGedi
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"to be or not to be, that is the bitcoin"
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February 09, 2014, 05:37:38 PM |
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I really appreciate that Gox has been dumping the shit out of Bitcoin in the last days.
But to be honest the trading processes that are going on over there look 90% made up and unnatural.
you look 90% made up and unnatural.. |
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delphic
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February 09, 2014, 05:49:38 PM |
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Please dont' quote him. 2/3 of the users are ignoring him.
Indeed. The world's second-greatest invention is bitcoin. The greatest invention being the ignore button. |
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Richy_T
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February 09, 2014, 05:57:14 PM |
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Bitcoin is now stable  |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 09, 2014, 06:02:20 PM |
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