felix913 (OP)
Newbie
 Offline
Activity: 19
Merit: 0
|
 |
July 05, 2011, 12:54:46 PM |
|
Basically I bought some btcs last night thinking at £9.5 that they wouldn't go much lower anticipating what i believe to be an inevitable reversal. However since then they have dropped to £8.3. Should I sell the ones I bought 8.3 in the hope they will drop as low as maybe £5 and buy then?
|
|
|
|
|
|
|
|
|
|
|
|
"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
fassadlr
Member
Offline
Activity: 89
Merit: 10
|
|
July 05, 2011, 12:56:41 PM |
|
Well that is the million dollar question!
I hate to say this but I'm selling my BTC at the moment. Its just too unstable. I don't mind if I make a loss but I really don't want to wipe out my investment.
|
|
|
|
|
felix913 (OP)
Newbie
Offline
Activity: 19
Merit: 0
|
|
July 05, 2011, 01:02:12 PM |
|
Lost my nerve ... sold. But I will keep an eye on it when it starts to stabilise out (could be very low) I will buy back.
|
|
|
|
|
dan_a
Newbie
Offline
Activity: 48
Merit: 0
|
|
July 05, 2011, 01:06:23 PM |
|
And to think I thought I was getting a bargain at £13.50...
|
|
|
|
|
felix913 (OP)
Newbie
Offline
Activity: 19
Merit: 0
|
|
July 05, 2011, 01:11:03 PM |
|
TBH prices rebounded slightly on britcoin after I sold lol. They went from £8.3 to £8.45. But prices in the US are still slowly dropping it would seem. I think overall it will drop to below £8 by the end of the day. I am still overall slightly in profit from BTC so I don't miind taking the slight lose I took there if I can buy back lower.
|
|
|
|
|
|
zerokwel
|
|
July 05, 2011, 01:24:43 PM |
|
depends on your nerve. I sold at 17usd.. aye I am uk as well just I play in whatever market is best for me at the time.
same with buying its all about nerve... have you got the stones to hold on to your bitcoins. if I buy when its low and it goes lower I buy more
say for example its at £8 each and I buy 10 then it drops to £6 I buy another 10 so my investment I only need 7 to break even. if it drops lower and never rebounds well I am SOL
my total cost to my self investment I put into this was £25. and made the rest from mining and playing markets.
never use money you are not prepared to loose.
|
|
|
|
|
felix913 (OP)
Newbie
Offline
Activity: 19
Merit: 0
|
|
July 05, 2011, 01:41:04 PM |
|
How do you trade on the US markets, because I have noticed that britcoin price lags behind the US prices sometimes but I have no way to capitalise on it because I can't trade on the US sites  ? |
|
|
|
|
|
zerokwel
|
|
July 05, 2011, 01:48:52 PM |
|
use bitcoin7 buy in using bitcoins or paysafecard. to eur buy when the eur is low keep as btc then cash out whenever its higher. back to usd/eur etc.
the ukp market is small so tends to suck for price atm
|
|
|
|
|
|
zerokwel
|
|
July 05, 2011, 01:52:39 PM |
|
I really want to hold off I think there is a few more panic sales left in people. before I stick my buy orders in.
|
|
|
|
|
felix913 (OP)
Newbie
Offline
Activity: 19
Merit: 0
|
|
July 05, 2011, 07:49:51 PM |
|
Well because btcguild was down I was banking on some people being unable to sell and when it came back online the price going down a little bit. Anyway long story short I bought back at £7 which as low as the price has gone today on britcoin. Doubt it will go seriously below £7 so pretty pleased. Expecting it to rebound tomorrow. So far it looks like I was right to sell and buy back.
I reckon everyone is going to start buying now ... opinions?
|
|
|
|
|
bitbot
Member
Offline
Activity: 70
Merit: 10
|
|
July 05, 2011, 08:02:06 PM |
|
buy low sell high
buy under 20$ if you can afford to lose the money and buy under 10 regardless
sell back as soon as you can recoup your original investment
|
|
|
|
terroh8er
Member
Offline
Activity: 64
Merit: 10
|
|
July 05, 2011, 08:07:09 PM |
|
I think you may have missed your opportunity to buy low. I got in while people were panicking at $11. Originally I thought it would be a bad idea to buy, but then Casey Anthony was found not guilty so I realized it was opposite day.
|
|
|
|
|
|
skyhigh
|
|
July 05, 2011, 08:09:31 PM |
|
Well because btcguild was down I was banking on some people being unable to sell and when it came back online the price going down a little bit. Anyway long story short I bought back at £7 which as low as the price has gone today on britcoin. Doubt it will go seriously below £7 so pretty pleased. Expecting it to rebound tomorrow. So far it looks like I was right to sell and buy back.
I reckon everyone is going to start buying now ... opinions?
Why you reckon that? Because you jumped back in? Something fundamentally or technically changed since you sold and re-bought? I hope you can come up with a better plan for the future. I hate to see you bail at 6.50 and rebuy 6.00 on the same day just because you reckon everyone will start buying the moment you bought. Does this make sense? |
|
|
|
|
|
GeniuSxBoY
|
|
July 05, 2011, 08:20:22 PM |
|
Volume: 86327
|
Be humble!
|
|
|
felix913 (OP)
Newbie
Offline
Activity: 19
Merit: 0
|
|
July 06, 2011, 01:11:28 AM |
|
skyhigh I sold at 8.3 and bought back at 7. that is £1.30 difference ... if i had more BTC I would have made a fair bit of money.
|
|
|
|
|
Electrongolf
Full Member
Offline
Activity: 139
Merit: 100
What's Your Gig?
|
|
July 06, 2011, 01:23:07 AM |
|
I'm curious. How are you guys determining whether to buy or sell?
If there was some specific use, it might be easier to predict. Say, if BTC was used as currency in a popular game. You can get some idea of how valuable it will become.
Are you betting someone will eventually develop a killer app, to drive the price up?
|
|
|
|
|
GeniuSxBoY
|
|
July 06, 2011, 01:27:27 AM |
|
This is a game of high or lower.
You know the number is $13. Do you think the change will be higher or lower?
|
Be humble!
|
|
|
JoelKatz
Legendary
Offline
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
|
|
July 06, 2011, 05:45:09 AM |
|
What, you guys don't have the little bell that goes off right before the market changes direction?
|
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
|
|
|
|
cloon
|
|
July 06, 2011, 06:04:12 AM |
|
What, you guys don't have the little bell that goes off right before the market changes direction?
Yes it's called STRATEGY |
donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
|
|
|
MKW2012
Jr. Member
Offline
Activity: 74
Merit: 1
|
|
July 06, 2011, 06:17:47 AM |
|
What, you guys don't have the little bell that goes off right before the market changes direction?
Yes it's called STRATEGY Agreed. Everyone should have a plan before making a trade. Whether its taking some off the table when its hits your price target or adding to a position when it pulls back. |
|
|
|
|
|
