RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
|
|
July 04, 2013, 08:07:13 AM Last edit: July 05, 2013, 05:35:17 AM by RationalSpeculator |
|
I do believe we are headed to a downward trend, but people will have plenty of time to sell... I am constantly buying/selling with each swing, making 2-5% each time... This won't be a fast crash down so take your time if you decide to sell smart man. I fully agree, am doing the same. Buy and hold would have earned me around 500% with bitcoin this year, I am around 1000% by simply selling as it goes up and buying as it goes down. What signals do you use to decide when a trend is about to change? I am not using signals. I have a fixed allocation to bitcoins, say 20% of my portfolio, if bitcoins go up this 20% becomes say 25% of my portfolio and I sell 5% so it's back to 20%, and when it goes down it drops to say 18% of my portfolio, I buy btc as to bring it back up to 20% of my portfolio. I explain more about my strategy in this thread: https://bitcointalk.org/index.php?topic=186617.msg1933492#msg1933492
|
|
|
|
|
|
Whoever mines the block which ends up containing your transaction will get its fee.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
axefrog
Newbie
Offline
Activity: 28
Merit: 0
|
|
July 04, 2013, 08:14:23 AM |
|
Ah, that makes a lot of sense. I'm still getting a feel for a lot of this. I feel like I've gotten through the panic buy/sell phase, having lost a bit in the process of selling low and buying high a few times, and now the trends and changes are starting to feel a bit more normal/obvious. Your strategy sounds a lot less risky, and still quite lucrative.
|
|
|
|
RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
|
|
July 04, 2013, 10:00:32 AM |
|
Ah, that makes a lot of sense. I'm still getting a feel for a lot of this. I feel like I've gotten through the panic buy/sell phase, having lost a bit in the process of selling low and buying high a few times, and now the trends and changes are starting to feel a bit more normal/obvious. Your strategy sounds a lot less risky, and still quite lucrative.
Great to hear it's useful for you. I also lost lots of money buying the high and selling the low. It took me 10 years to get some decent results, and I'm still learning.
|
|
|
|
evolve (OP)
|
|
July 05, 2013, 05:29:24 AM |
|
Be careful catching those falling knives, guys. It's really easy to get caught on the wrong side of the trade in this market.
|
|
|
|
tvbcof
Legendary
Offline
Activity: 4592
Merit: 1276
|
|
July 05, 2013, 06:41:36 AM |
|
Be careful catching those falling knives, guys. It's really easy to get caught on the wrong side of the trade in this market.
I did. Many times from mid 2011 to the bottom. I was slashed up pretty good. It theorized that all that grabbing would eventually have me buying at the bottom so I kept some power dry throughout and even had one last batch queued up but never deployed. I always gave some odds that it would be one of the better financial moves of my lifetime and so far that looks on track to be the case. At this point I'm just waiting for the next 'bubble' to start to genuinely capitalize though I did make myself whole fiat-wise at about 10x. I've engineered things pretty well to never need to 'panic', but being netted to zero give extra psychological comfort to wait however many years it takes to find a good selling point, or even stand by in a complete failure of Bitcoin if that should occur.
|
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
wopwop
|
|
July 05, 2013, 08:08:19 AM |
|
I'm buying, as a professional day trader I can see a HnS pattern that is bottoming and I see higher prices from here
Also, remember that we have a long-term potential with this disruptive technology that is about to change the world as we know it
|
|
|
|
vokain
Legendary
Offline
Activity: 1834
Merit: 1019
|
|
July 05, 2013, 03:10:25 PM |
|
I'm buying, as a professional day trader I can see a HnS pattern that is bottoming and I see higher prices from here
Also, remember that we have a long-term potential with this disruptive technology that is about to change the world as we know it
I don't see a reverse head and shoulders really, but maybe you're right
|
|
|
|
samson
Legendary
Offline
Activity: 2097
Merit: 1068
|
|
July 05, 2013, 03:22:53 PM |
|
I'm buying, as a professional day trader I can see a HnS pattern that is bottoming and I see higher prices from here
Also, remember that we have a long-term potential with this disruptive technology that is about to change the world as we know it
Good luck with that. Up, Up, Up !
|
|
|
|
evolve (OP)
|
|
July 05, 2013, 08:12:22 PM |
|
I did. Many times from mid 2011 to the bottom.
Me too. I got shredded this year...I did alright on the way down in 2011, but got too cocky this year. I am still ahead, but just barely.
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
July 05, 2013, 08:15:56 PM |
|
I did. Many times from mid 2011 to the bottom.
Me too. I got shredded this year...I did alright on the way down in 2011, but got too cocky this year. I am still ahead, but just barely. Sad to hear, particularly tragic when you wrongly stray from your initial view (I remember your "red candles still haunt my dreams" and have felt exactly the same for a long time).
|
|
|
|
pikeadz
|
|
July 05, 2013, 08:22:23 PM |
|
as someone who bought in < $10/coin initially but currently mine my coins, I welcome this. I also have no plans on cashing out anytime soon so the exchange rate is meaningless to me for a very long time.
|
|
|
|
RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
|
|
July 05, 2013, 08:32:15 PM |
|
I did. Many times from mid 2011 to the bottom.
Me too. I got shredded this year...I did alright on the way down in 2011, but got too cocky this year. I am still ahead, but just barely. I'm sorry I am also taking a hit now. Losing 30% of a large investment in just 5 days, pfew. Been loading up on the way down, no rebound whatsoever :/ Double checking whether my strategy is the right one ...
|
|
|
|
evolve (OP)
|
|
July 05, 2013, 08:48:41 PM |
|
It happens... I only have a token amount "invested" anyways, and risk is what makes trading fun (and its still cheapeer than vegas, lol ).
|
|
|
|
crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
|
|
July 05, 2013, 08:51:41 PM |
|
I did. Many times from mid 2011 to the bottom.
Me too. I got shredded this year...I did alright on the way down in 2011, but got too cocky this year. I am still ahead, but just barely. I'm sorry I am also taking a hit now. Losing 30% of a large investment in just 5 days, pfew. Been loading up on the way down, no rebound whatsoever :/ Double checking whether my strategy is the right one ... yeah, I know the feeling.
|
more or less retired.
|
|
|
tvbcof
Legendary
Offline
Activity: 4592
Merit: 1276
|
|
July 05, 2013, 09:13:22 PM |
|
I did. Many times from mid 2011 to the bottom.
Me too. I got shredded this year...I did alright on the way down in 2011, but got too cocky this year. I am still ahead, but just barely. I only consider myself a 'trader' because I've shifted to the frequency domain. In the time domain I would have to claim to have lost a huge amount of money (by my standards) by virtue of not cashing out a bunch during the big run-up. I mean, the difference between buying and not selling is minimal. In the frequency domain (buying low, selling high) I'm sitting pretty, but when one converts back to the time domain, one finds that years have passed. Boring. But I'd rather be bored than broke, and I always planned on spending many years with Bitcoin...if it lasts that long that is.
|
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
PerfectAgent
Sr. Member
Offline
Activity: 252
Merit: 250
Still the Best 1973
|
|
July 05, 2013, 09:28:52 PM |
|
I'm just hoping that CampBX won't be on the fritz when the price bottoms out, cause I want to nab some cheap coins...
|
|
|
|
mrbitbank
Newbie
Offline
Activity: 48
Merit: 0
|
|
July 05, 2013, 09:50:13 PM |
|
Well I bought 500 btc in at $15 around November last year saw them shoot up to $220 within a few months where I sold. All I have to say it was the best investment I ever made, once in a lifetime but what a roller coaster it was but I got to say I am as happy as a pig in shit now thinking how lucky I have been
|
|
|
|
evolve (OP)
|
|
July 05, 2013, 11:53:35 PM |
|
I would have to claim to have lost a huge amount of money (by my standards) by virtue of not cashing out a bunch during the big run-up.
Missed potential profit doesn't really count as a loss, so I wouldn't worry about it too much.
|
|
|
|
tokeweed
Legendary
Offline
Activity: 3948
Merit: 1406
Life, Love and Laughter...
|
|
July 05, 2013, 11:57:18 PM |
|
how stupid do you feel right now?
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | ██░░░░░░░░░░░░░░░░░░░░░░██ ▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀ ▄▄███░░░░░░░░░░░░░░███▄▄ ▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀ ▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄ █░▄▄▄██████▄▄▄░█ █░▀▀████████▀▀░█ █░█▀▄▄▄▄▄▄▄▄██░█ █░█▀████████░█ █░█░██████░█ ▀▄▀▄███▀▄▀ ▄▀▄▀▄▄▄▄▀▄▀▄ ██▀░░░░░░░░▀██ | | | | | | | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄██████▀████░███▄▀██▄ ███░█████████▀██░████░███ ███░████░█▄████▀░████░███ ███░████░███▄████████░███ ▀██▄▀███░█████▄█████▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP FAZE CLAN SSC NAPOLI | | |
|
|
|
RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
|
|
July 06, 2013, 12:13:48 AM |
|
I would have to claim to have lost a huge amount of money (by my standards) by virtue of not cashing out a bunch during the big run-up.
Missed potential profit doesn't really count as a loss, so I wouldn't worry about it too much. This is incorrect. There was no 'potential' profit, there was actual profit that was lost afterwards. Yes, that is a loss. Just like it was a gain before.
|
|
|
|
|