The dust has settled...how did you fare?

[ipanks]

Jesus, man.  What a time to literally just enter the market.

After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC.  I watched as it dipped, and dipped.  I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.

...then I watched it rise to $3,700 in mere minutes.  

First rookie mistake, I suppose.  

I live in China, and will see how this day plays out.  Hoping for a dip around $3,200 today as China does its thing.  Knowing enough about this whole deal, I know I shouldn't wait too much longer.  

What I saw last night blew my mind.  So much panic.  So much misinformation.  So many "IT CAN'T DO THIS.  IMPOSSIBLE." followed by it doing exactly that thing.

Hell of a ride last night.

Cheers to you all.

we are too afraid to buy bitcoin because we don't know what is going on and i think its speculation for us if we want to buy now. we are too often missed the time to buy or sell and we regret it for the other minutes. the most important lesson for traders is don't be panic no matter what is happen and stay calm while we need to find the other good news.

since you live in china, i wonder is it true that your government wants to banning bitcoin? because in out there, too many bad news that makes people panic and bitcoin price is fallen too deep like yesterday. but i don't think that bitcoin will be banning like many news said because bitcoin is too expensive right now and nobody won't missed the opportunity.

[ramsdaj28]

Jesus, man.  What a time to literally just enter the market.

After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC.  I watched as it dipped, and dipped.  I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.

...then I watched it rise to $3,700 in mere minutes.  

First rookie mistake, I suppose.  

I live in China, and will see how this day plays out.  Hoping for a dip around $3,200 today as China does its thing.  Knowing enough about this whole deal, I know I shouldn't wait too much longer.  

What I saw last night blew my mind.  So much panic.  So much misinformation.  So many "IT CAN'T DO THIS.  IMPOSSIBLE." followed by it doing exactly that thing.

Hell of a ride last night.

Cheers to you all.

That's one the common mistakes a newbie does in the world of rypto trading. Most bitcoin owners sold their bitcoins by the time the bitcoin price was dropping until it reached $2,980. What they don't know is that, after they sold theirs, the buyers have the last laugh as bitcoin immediately rose up. Now, it's back to $3,800.

My tip to newbies: ask for some suggestions from experts on what to do when this kind of movement in btc (and other altcoins) price happens.

[AtheistAKASaneBrain]

Damn that huge green candle is impressive, I have never seen anything like that. We went from $2972 to $3820 in no time. I bet people that trusted Goldman Sachs (which claimed it would go to $2200) and had shorts opened for as low as that price are now pretty much broke. How could you doubt bitcoin? it always comes back.

The sell off that followed was tiny compared to the green handle we had. We are not going below $3000 again, possibly ever.

[dunfida]

Damn that huge green candle is impressive, I have never seen anything like that. We went from $2972 to $3820 in no time. I bet people that trusted Goldman Sachs (which claimed it would go to $2200) and had shorts opened for as low as that price are now pretty much broke. How could you doubt bitcoin? it always comes back.

The sell off that followed was tiny compared to the green handle we had. We are not going below $3000 again, possibly ever.

Checking on the charts that green candle was indeed impressive and for those who bought on 2900 would really dance on ez profits in a single day swing trade.For those who did able to get in the right time.Congratulations! Those are easy profits without a sweat but somehow risky because we didn't know that those entries might give even more negative if the price did continue to dip down.

[Maheshkumar_Hrangkhawl]

The dust is far from being settled. The situation in China is not 100% clear yet, although the latest indications are that the exchanges will be allowed to operate if they could reach a deal with the authorities (which looks very likely as of now). And the exchange rates are swinging as much as 10% up and down in just 3-4 hours. It will take a long time for the markets to stabilize.

[TheQuin]

Jesus, man.  What a time to literally just enter the market.

After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC.  I watched as it dipped, and dipped.  I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.

...then I watched it rise to $3,700 in mere minutes.  

First rookie mistake, I suppose.  

I live in China, and will see how this day plays out.  Hoping for a dip around $3,200 today as China does its thing.  Knowing enough about this whole deal, I know I shouldn't wait too much longer.  

What I saw last night blew my mind.  So much panic.  So much misinformation.  So many "IT CAN'T DO THIS.  IMPOSSIBLE." followed by it doing exactly that thing.

Hell of a ride last night.

Cheers to you all.

I'm curious if you were doing this for a trade or for the hodl? Either way, when buying a pull back have limit orders resting in the market, it's often too quick to pull the trigger at the right moment. You can always still hit cancel if you bottle out at the last moment.
If you were buying for the hodl then scaling in gradually on the way down is a good strategy. It's often hard to know how far it will fall and you don't want to miss out if your buy zone is front run. Start off buying small and gradually increase the size of each buy, that way you'll end up with a good average entry price.

My buy zone was 3100 down to 3000 but I ended up getting in at 3148 because this was too good an opportunity to miss. Pullbacks like this don't come around very often.

Anyway, don't give up yet, there is still a possibility that it might come down for a second test of that support area so you may get another chance.

[Mandoy]

Jesus, man.  What a time to literally just enter the market.

After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC.  I watched as it dipped, and dipped.  I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.

...then I watched it rise to $3,700 in mere minutes.  

First rookie mistake, I suppose.  

I live in China, and will see how this day plays out.  Hoping for a dip around $3,200 today as China does its thing.  Knowing enough about this whole deal, I know I shouldn't wait too much longer.  

What I saw last night blew my mind.  So much panic.  So much misinformation.  So many "IT CAN'T DO THIS.  IMPOSSIBLE." followed by it doing exactly that thing.

Hell of a ride last night.

Cheers to you all.

I have been looking at the graphs all the time and constantly reading articles, news, links and other tips that will possibly happen to the price of bitcoin. And as far as my analysis last night it was correct and those who have read my analysis in facebook have made huge gains while those who did not have regrets. But my advise for you is to stay calm and just hold your money since we are looking at a new potential drama on bitcoins value starting the second week of October. If it will occur the price of bitcoin may fall down again, so just prepare your money just in case.

[subSTRATA]

Some article said that the price of bitcoin would play around 3000 for a while and it turns out to be true. Well i dont sell and dont have the money to buy even if i want so it doesnt affect me much.

personally, i don't trust any of these articles or predictions, when something major like a sudden 25% price tank happens, every crypto related blog and media outlet puts out all sorts of numbers and predictions, enough that one of them are just bound to be correct. at this point, i just take it on myself to guesstimate a number or just get a general feel of when the price fluctuations will stop. i ended up making a small chunk of change from the fluctuations over the past few days, for what it's worth.

The dust is far from being settled. The situation in China is not 100% clear yet, although the latest indications are that the exchanges will be allowed to operate if they could reach a deal with the authorities (which looks very likely as of now). And the exchange rates are swinging as much as 10% up and down in just 3-4 hours. It will take a long time for the markets to stabilize.

not too sure on that one, if bitcoin can recover this quickly form the events of the past week or so, i dont think any new events would affect bitcoin nearly as much.

[coolcoinz]

I think it's not over yet. There could still be a second wave. Knowing China they will come up with something new in a couple days like shortening the closure period for exchanges or prosecuting people involved in ICOs and we'll see panic and blood on the streets.

[mobnepal]

You can only make significant profit by buying bitcoin at comparatively lower price and making exit before whales will do. If you keep waiting for lower price than you will left behind, just try to look at trading chart for that day and if there is really huge different between today's low and high than buy near today's low level. Price can go dipper even after you buy but eventually price will go above your buy price because market can't move in only in one way for days.

[haroldtee]

It was actually fun to watch how the whole movie kept playing. Jamie doing his, China doing hers and the community doing theirs. However, it was a very lovely set of days for good profit. Not fully settled though, but there has always been hope.

[BrewMaster]

with closer look at the market it seems like the dust has not completely settled yet. there is "uncertainty" in the market still and that is that worst thing ever. people are doubtful of near future so they are all waiting to see what happens. otherwise price would have gone above $4000 and back to normal prices by now.
there probably are still people who think this may be a trap of sorts! hopefully this stage doesn't last long and is gone like other past times.

[CryptosapienZA]

I am back in profit. That is why it is very important not to have weak hands in this space. I feel sorry for those that sold in panic and in loss. I hope they learned their lesson. Things change in this space in a matter of seconds. HODLing is the name of the game. Unfortunately i did not have any extra funds, so I was not able to make any purchases.

[GRR]

I am still about -40%, even though I managed to flip 10%. My stuff probably just sucks.

[dadach]

fuck i was not ready to lose it all, so i sold at little above 3000, and by the time i rebought, it was already at $3500, so i lost around 20% of btc holdings...

[RayvenPierre]

I kept my coins and did not sell a thing. I was planning to buy additional coins since the price had decreased far more than my expectation but sadly I don't have extra money to spend but I'm glad that bitcoin bounced back and we'll see if the price will keep to increase.

[dothebeats]

Anywhere in the 3k range is still a good buy for me, considering that we have tested that it's possible to reach $5000 with what we have right now.  With the negative events that happened recently, we held $2800 at a strong pace and is now climbing back up without China in the mean time. This means that we have a stronger market support compared to when we have China at our backs. Higher highs and possibly a new ATH could be achieved.

It's never too late to buy btc, always.

[Oceat]

fuck i was not ready to lose it all, so i sold at little above 3000, and by the time i rebought, it was already at $3500, so i lost around 20% of btc holdings...

That's a bad move mate you should have consider to wait for a little more before you buy or maybe you were just a little bit slower than them.  When the price is rising it's too risky to buy some because even in a little seconds you might lose a lot, but if you want to hold it so you can gain back your profit you should consider yourself to wait.

[tyuner4]

I am lucky to buy some BTC at $3300 but didn't have the chance to buy at lowest.

[garytheasshole]

I did shitty, had 20k at $2000, but it didn't go that low despite "expert" predictions. Oh well, I hope I'll have better luck next crash. At least I didn't sell anything.