My first Day trade....or 2 day trade

[theface]

Completely by accident.  I needed some Fiat to pay my rent (My landlord is clown and won't accept BTC)....I sold earlier in the week at $115....then bought back yesterday at $93....I just couldn't resist.  Rent can wait.

[rambleshack]

 Nice trade.

[Snipes]

Just posting to get rid of newbie status |-)

[Windsock]

Very Cool, I'm stuck waiting for me wire transfer to come through so I can buy some.

[track3r]

Nice!

[theface]

Very Cool, I'm stuck waiting for me wire transfer to come through so I can buy some.

I hope you didn't wire directly to Gox.....took 12 days for me last time, and that was couple months ago...

[Joshster]

Nice trade, always good to make profit. How many did you sell.

[theface]

Nice trade, always good to make profit. How many did you sell.

50 coins....nothing crazy.  Of course, I wish I'd sold every coin I owned, and re-bought, but don't we all.

I've decided to keep 1000 coins for the long haul.  Any that I get over that, I'll probably convert to fiat, or try to use for products/services. 

[BitshireHashaway]

Lol congratz, a nice $1000:). 1000 BTC is a large amount to own though, will you sell some later to pay your landlord?

[bitleif]

Completely by accident.  I needed some Fiat to pay my rent (My landlord is clown and won't accept BTC)....I sold earlier in the week at $115....then bought back yesterday at $93....I just couldn't resist.  Rent can wait.

[iPaulito]

So you are going to be a $ milionaire :-) congrats, I wish I had 1000 bitcoins

[theface]

So you are going to be a $ milionaire :-) congrats, I wish I had 1000 bitcoins

Ha!..God I hope so.  I got most of my coins last November.  I had 2000 at one point....I can't even imagine getting back to 2000 now.  You can get to 1000!!!  one BTC at a time!

[Deathwing]

Nice

[dmcdad]

Sweet. Almost up to 5 here... :-)

[theface]

Lol congratz, a nice $1000:). 1000 BTC is a large amount to own though, will you sell some later to pay your landlord?

I dipped under 1000 to make the trade, went to 950, and I couldn't take it.....I felt like something was missing...I had to get them back.  I got lucky, simple as that.

I get paid next week, so I'll just pay the $35 late fee.  My landlord is decently cool,  despite his lack of BTC acceptance

[Smint]

Very nice, i recently wired some money to mt gox and it only took 2 days to credit my account, so dont know why it takes so long for some people.

[bitcrazy11]

Haha nice, he can't really kick you out until a month later

[bornloser]

I dont understand all the math here? one guy is saying nice $1000 profit and another post says you sold at $115 and rebought at $93. How did you make a profit if you sold 50 coins at $113? Also 50 coins is $5000usd whose rent is that much?

[bitleif]

I dont understand all the math here? one guy is saying nice $1000 profit and another post says you sold at $115 and rebought at $93. How did you make a profit if you sold 50 coins at $113? Also 50 coins is $5000usd whose rent is that much?

50*($115-$93) = $1100 profit

[bornloser]

I dont understand all the math here? one guy is saying nice $1000 profit and another post says you sold at $115 and rebought at $93. How did you make a profit if you sold 50 coins at $113? Also 50 coins is $5000usd whose rent is that much?

50*($115-$93) = $1100 profit

no he said he sold 50 coins last week at $113. so that money was in fiat. he was going to use that for rent. but then he said screw rent I can buy those same 50 coins back NOW at $93. So in no profit has been realized until he sells the 50 that he just bought at $93. When he sold at $113 he could have bought at $150, so that would have been a loss. is this correct to assume?