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Poll
Question: At what point will you dump your coins?
Dumping if it drops to 125 - 2 (2.2%)
Dumping if it drops 126 - 0 (0%)
Dumping at 127 - 0 (0%)
Dumping at 128 - 1 (1.1%)
Dumping at 129 - 2 (2.2%)
Dumping at 130 - 6 (6.7%)
Fuck you man.. I'm in it for the long haul - 79 (87.8%)
Total Voters: 90

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Author Topic: Good time to cash out? Me thinks a correction is coming  (Read 1659 times)
massivebitman (OP)
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April 19, 2013, 07:41:57 AM
 #1

No good reason to stick in tonight?

It's not going to break 130..

It's gone up 30% in less than a day.

Can't be sustainable. The question is... how high to climb before you dump

Newscastix
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April 19, 2013, 07:46:42 AM
 #2

This is the correction. Correcting back to 260 from the gox failure.  Grin
massivebitman (OP)
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April 19, 2013, 07:48:21 AM
 #3

My problem is I keep getting burned trying to day trade.

End up paying $200 in fees every time. Plus a loss if the market moves in the wrong direction.

Fuck gox and their fees.

Wait a minute... just fuck Gox..

BTC Books
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April 19, 2013, 07:51:21 AM
 #4

No good reason to stick in tonight?

It's not going to break 130..

It's gone up 30% in less than a day.

Can't be sustainable. The question is... how high to climb before you dump

$129.50...

Dankedan: price seems low, time to sell I think...
Zangelbert Bingledack
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April 19, 2013, 07:53:01 AM
 #5

Selling a few % to strength for portfolio balance is one thing, but dump all your coins?? Uhh, no.

Also, the "fuck you" option should be in the middle, so it looks like the poll itself is flipping you off. Pollmaking 101 Grin
drakahn
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April 19, 2013, 07:54:32 AM
 #6

dumping is always a bad idea, even if it later turns out to be a good idea.

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
ManBearPig
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April 19, 2013, 08:05:14 AM
 #7

Except: we have very recent prices to go by, beyond $266 yes you would be right to be very cautious, up to then we have history.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
BTC Books
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April 19, 2013, 08:05:40 AM
 #8

No good reason to stick in tonight?

It's not going to break 130..

It's gone up 30% in less than a day.

Can't be sustainable. The question is... how high to climb before you dump

Ooops.  That prediction lasted 22 minutes.

$130.02.

Dankedan: price seems low, time to sell I think...
randrace
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April 19, 2013, 08:06:06 AM
 #9

I held all my coins from $250 all the way to $50. I'm going to change strategies, and will be taking some profits this week.
arnoldrimmer
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April 19, 2013, 08:07:49 AM
 #10

132

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April 19, 2013, 08:07:58 AM
 #11

I held all my coins from $250 all the way to $50. I'm going to change strategies, and will be taking some profits this week.

https://bitcointalk.org/index.php?topic=179089.msg1882845#msg1882845

Dankedan: price seems low, time to sell I think...
ZoolooMaster
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April 19, 2013, 08:08:40 AM
 #12

Except: we have very recent prices to go by, beyond $266 yes you would be right to be very cautious, up to then we have history.

I don't think that figure is at all reliable! It was a bubble, and that always happens in bubbles. If we look back to 2011, the price inflated to USD 30 before dropping back down to USD 10. Then it took almost a year for it to climb back up.
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April 19, 2013, 08:10:57 AM
 #13

Except: we have very recent prices to go by, beyond $266 yes you would be right to be very cautious, up to then we have history.

I don't think that figure is at all reliable! It was a bubble, and that always happens in bubbles. If we look back to 2011, the price inflated to USD 30 before dropping back down to USD 10. Then it took almost a year for it to climb back up.

It's risky making book based on one data point.

Dankedan: price seems low, time to sell I think...
Zangelbert Bingledack
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April 19, 2013, 08:21:20 AM
 #14

http://lesswrong.com/lw/dr/generalizing_from_one_example/
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April 19, 2013, 08:30:59 AM
 #15

i would sell NOW if i were you!!

► HackenAI ◄  ♦ HackenAI - Personal Cybersecurity Application ♦  ► HackenAI ◄
───●❀●───●❀●───●❀●───●❀●───●❀●─[   Bounty Detective   ]─●❀●───●❀●───●❀●───●❀●───●❀●───
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Le Happy Merchant
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April 19, 2013, 08:36:57 AM
 #16

This is what I like to see.


DrG
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April 19, 2013, 08:38:19 AM
 #17

SOLD, missed 135 first time, getting my money now and not getting greedy.
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April 19, 2013, 08:44:06 AM
 #18

i would sell NOW if i were you!!

Huge fake buy wall @ 125 indicates market manipulation upward...
You could try to ride it up to 150 just don't get caught sleeping with BTC if it pops.
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April 19, 2013, 08:58:40 AM
 #19

All the people who were afk or didn't sell on the way down to $50 now are given a second chance.  Most of America is asleep, so I figure come morning for them there will be some profit taking.

I put in my buys for $60, and still sitting on all the coins I mined so if goes to $266 I win either way  Grin

Just gotta decide if I should grab some LTC before going to bed...
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