The thoughts of a bubble buyer

[neutrinox]

Haha ok so what I thought was patience and emotional control was actually just stubborn pride. Maybe you need a few more years.   Either way, it's cool that you stuck around and educated yourself.

Foolish pride is clearly underrated!

Since most posters don't want to tell the OP the naked truth ( and don't want him to learn ), I'll say it again:
It was obviously a stupid move to buy close to the top of a bubble spike, and another stupid move
not to sell on the rebound after the crash ( which many people did ). That was a typical 'one mistake
leads to another' situation. So don't think I'm harsh on you, I made the stupid move to buy
in May at about 110$. That's because I was a total n00b back then. The right time to buy is when
there is ( most ) blood in the streets. And the right time to sell is when the market peaks ( these days ), then
wait for the bottom of the bear market and buy back more. These are very simple market rules, but most posters
want you to just hold to your overpriced coins. Well, maybe next year there will be another bubble spike.

I'm sure what you are writing is true and I'd like to thank you for the advice! I just want to point out, that I was never really interested in becoming a day trader. I simply bought into bitcoin, because I thought "the train might be leaving the station".

Just my two cents: Ask yourself sincerely if you might think "something has changed" in you because in the last weeks Bitcoin has been stable (or in a growing trend). Ask to yourself if you wouldn't go back to the heartache if you see the price quickly crashing to sub-$50, or if you will not shit on your pants if Gox go broke or the regulators get harsher.

This might very well be true and probably plays a part in what I'm currently feeling. But one thing has really genuinely changed and that is that I will either collect a big reward or hold all the way down to zero. Earlier I was looking for an exit that would allow me to break even. I am not doing that any more. I thought it might be helpful to share this psychological change, because many people fear a massive sell-off when we reach the spring bubble prices. My point is, if there are more people like me, the sell-off might not be so bad..

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[Tzupy]

OP, sorry if I hurt your feelings, but I had good intentions. I wish you good luck in holding to your coins on long term.

IMO the train is not close to leaving the station. My guess is that at best BTC is going to compete with Paypal, and this
alone could lead to a price above 1,000$ / coin. But on short term, adoption is still slow, and the transition from
illegal drugs and weapons to mass adoption is very questionable. I rather see BTC used by companies to bribe
government officials all over the world, because BTC transactions are less traceable than bank account transfers.

[Cyberdyne]

To the OP:

Don't feel too bad, I bought [too many] coins at [much higher than] $230.

I'm still eternally bullish, and have had the opportunity a few times since then to add to my wallet at lower prices (eg, at $60 when I got the chance).

I have no doubt in my mind that the rate will get back to (and far beyond) what I paid for them eventually, just a matter of time.

Meanwhile, here's to hoping there are still more opportunities yet for buying coins under $100!!

[Rampion]

To the OP:

Don't feel too bad, I bought [too many] coins at [much higher than] $230.

I'm still eternally bullish, and have had the opportunity a few times since then to add to my wallet at lower prices (eg, at $60 when I got the chance).

I have no doubt in my mind that the rate will get back to (and far beyond) what I paid for them eventually, just a matter of time.

Meanwhile, here's to hoping there are still more opportunities yet for buying coins under $100!!

Much higher than $230? How is that possible?

ATH was $266, and a few hours before the crash the price was BELOW $230 - how did you manage to buy "much higher" than $230???

[notme]

OP, sorry if I hurt your feelings, but I had good intentions. I wish you good luck in holding to your coins on long term.

IMO the train is not close to leaving the station. My guess is that at best BTC is going to compete with Paypal, and this
alone could lead to a price above 1,000$ / coin. But on short term, adoption is still slow, and the transition from
illegal drugs and weapons to mass adoption is very questionable. I rather see BTC used by companies to bribe
government officials all over the world, because BTC transactions are less traceable than bank account transfers.

Tzupy makes a new prognostication every day.  He is mostly wrong (hence the need to change his stance so frequently).  Reader beware.  He may yet turn into a good trader if he sticks with it, but at this point he is making guesses and then talking about it as fact.  No hard feelings Tzupy.  Like you, I just want to help OP to learn.  Most people on this board are full of advice, but little of it is of any use.

[Tzupy]

OP, sorry if I hurt your feelings, but I had good intentions. I wish you good luck in holding to your coins on long term.

IMO the train is not close to leaving the station. My guess is that at best BTC is going to compete with Paypal, and this
alone could lead to a price above 1,000$ / coin. But on short term, adoption is still slow, and the transition from
illegal drugs and weapons to mass adoption is very questionable. I rather see BTC used by companies to bribe
government officials all over the world, because BTC transactions are less traceable than bank account transfers.

Tzupy makes a new prognostication every day.  He is mostly wrong (hence the need to change his stance so frequently).  Reader beware.  He may yet turn into a good trader if he sticks with it, but at this point he is making guesses and then talking about it as fact.  No hard feelings Tzupy.  Like you, I just want to help OP to learn.  Most people on this board are full of advice, but little of it is of any use.

Wrong on the 'advice'. Most people on this board are trying to mislead others, I don't. If I make a wrong call, then you may be 100% sure I lost money or missed profit on that wrong call.
So you disagree that if BTC successfully competes with Paypal, the price could climb above 1,000$ / coin?

[Cyberdyne]

To the OP:

Don't feel too bad, I bought [too many] coins at [much higher than] $230.

I'm still eternally bullish, and have had the opportunity a few times since then to add to my wallet at lower prices (eg, at $60 when I got the chance).

I have no doubt in my mind that the rate will get back to (and far beyond) what I paid for them eventually, just a matter of time.

Meanwhile, here's to hoping there are still more opportunities yet for buying coins under $100!!

Much higher than $230? How is that possible?

ATH was $266, and a few hours before the crash the price was BELOW $230 - how did you manage to buy "much higher" than $230???

$266 = Much higher than $230

Yes, I bought a lot of coins at $265-ish. It was only up there for a few hours but it was very high volumes being traded, and I was in there buying :/

Edit: I just noticed my forum activity is now 266.

[notme]

OP, sorry if I hurt your feelings, but I had good intentions. I wish you good luck in holding to your coins on long term.

IMO the train is not close to leaving the station. My guess is that at best BTC is going to compete with Paypal, and this
alone could lead to a price above 1,000$ / coin. But on short term, adoption is still slow, and the transition from
illegal drugs and weapons to mass adoption is very questionable. I rather see BTC used by companies to bribe
government officials all over the world, because BTC transactions are less traceable than bank account transfers.

Tzupy makes a new prognostication every day.  He is mostly wrong (hence the need to change his stance so frequently).  Reader beware.  He may yet turn into a good trader if he sticks with it, but at this point he is making guesses and then talking about it as fact.  No hard feelings Tzupy.  Like you, I just want to help OP to learn.  Most people on this board are full of advice, but little of it is of any use.

Wrong on the 'advice'. Most people on this board are trying to mislead others, I don't. If I make a wrong call, then you may be 100% sure I lost money or missed profit on that wrong call.
So you disagree that if BTC successfully competes with Paypal, the price could climb above 1,000$ / coin?

No, I don't disagree with that.

[RationalSpeculator]

To the OP:

Don't feel too bad, I bought [too many] coins at [much higher than] $230.

I'm still eternally bullish, and have had the opportunity a few times since then to add to my wallet at lower prices (eg, at $60 when I got the chance).

I have no doubt in my mind that the rate will get back to (and far beyond) what I paid for them eventually, just a matter of time.

Meanwhile, here's to hoping there are still more opportunities yet for buying coins under $100!!

Much higher than $230? How is that possible?

ATH was $266, and a few hours before the crash the price was BELOW $230 - how did you manage to buy "much higher" than $230???

$266 = Much higher than $230

Yes, I bought a lot of coins at $265-ish. It was only up there for a few hours but it was very high volumes being traded, and I was in there buying :/

Edit: I just noticed my forum activity is now 266.

I'm sorry for your loss

Since you notice 266 in random places I figure it sticks with you. I hope you succeed in learning a valuable correct lesson from it.

[RationalSpeculator]

OP, sorry if I hurt your feelings, but I had good intentions. I wish you good luck in holding to your coins on long term.

IMO the train is not close to leaving the station. My guess is that at best BTC is going to compete with Paypal, and this
alone could lead to a price above 1,000$ / coin. But on short term, adoption is still slow, and the transition from
illegal drugs and weapons to mass adoption is very questionable. I rather see BTC used by companies to bribe
government officials all over the world, because BTC transactions are less traceable than bank account transfers.

I really like your opinion. It seems way more realistic than the 'btc will conquer the world'.

Maybe one day it will but today the empirical proof is that the online porn industry as well as online gaming industry are NOT adopting it.

Surely this must happen first if mass adoption would be in the cards.

It is - actually - possible that bitcoin remains marginal and it's growth slows down much sooner than expected.

As speculators/investors we must put the facts in front of the dreams.

[Cyberdyne]

I'm sorry for your loss

Don't be sorry, I'm not!

[RationalSpeculator]

I'm sorry for your loss

Don't be sorry, I'm not!

I meant to express my sympathy for the pain you experienced by losing.

Did you experience pain? 

[RodeoX]

I think it is just to early to tell what bitcoin is going to do. The client is in beta, few have heard of bitcoin, most of the major markets are still untapped (foreign remittance for example). We are still in the early adoption phase, and likely will be for a few years.

[Cyberdyne]

I'm sorry for your loss

Don't be sorry, I'm not!

I meant to express my sympathy for the pain you experienced by losing.

Did you experience pain? 

Not really. You could say I was slightly annoyed. But being a bull I was also happy to have the opportunity to buy some at lower prices.

[oda.krell]

To the OP:

Don't feel too bad, I bought [too many] coins at [much higher than] $230.

I'm still eternally bullish, and have had the opportunity a few times since then to add to my wallet at lower prices (eg, at $60 when I got the chance).

I have no doubt in my mind that the rate will get back to (and far beyond) what I paid for them eventually, just a matter of time.

Meanwhile, here's to hoping there are still more opportunities yet for buying coins under $100!!

Much higher than $230? How is that possible?

ATH was $266, and a few hours before the crash the price was BELOW $230 - how did you manage to buy "much higher" than $230???

$266 = Much higher than $230

Yes, I bought a lot of coins at $265-ish. It was only up there for a few hours but it was very high volumes being traded, and I was in there buying :/

Edit: I just noticed my forum activity is now 266.

"Insult? Meet injury. Injury, that's insult."

[RodeoX]

For perspective, look at your losses in the NYSE this week.

[notme]

For perspective, look at your losses in the NYSE this week.

SPXU FTW

[kneim]

@neutrinox

You want to make money? I think I cannot help you then. I'm only interested in holding assets. I do not believe in EUR or USD any more.

I try it with a hint:

1) You trust in two assets A and B, but not in USD
You are holding 10000 times asset A which is worth 1 USD each.
And you are holding 100 times asset B which is worth 100 USD each.
I mention the worth in USD only for the relation of the assets, so in this example one share of B is 100 times as worth as one share of A

2) Think about asset B is "crashing" to the half
Now you are holding 10000 times asset A.
And you are holding 100 times asset B which is worth 50 times of asset A each.

3) What can you do now?
Sell B and buy A
Now you are holding 15000 times asset A, 50% more than before. 25% loss. PANIC!

4) As an alternative?
Sell A and buy B
Now you are holding 300 times asset B, 200% more than before. 50% gain. ENJOY!

5) Compare 3) and 4)
What I want so say is, nothing did change really. Because directly after the "crash" you own the same number of shares as before.

So, as a conclusion for you: Invest only in assets that you really believe in. In this sense BTC can fail as every other share can, so distribute your savings to other independant assets too. This is not for getting rich quickly, but slowly and for sure. Invest anti-cyclical. This is boring, but you benefit from greed, panic, and manipulation. Don't blame others from their recommendation, it's your decision alone. If you do want to become rich quickly, I cannot help you.

[Gabi]

I am sorry for the OP, but he acted stupidly. Selling at 150 would have allowed him to buy back at 100, then sell at 130
and buy back at 70, resulting in a doubling of his coins. OP, if you aren't willing to take a small loss in order to avoid a greater
loss and create the premises for a future win, you'll just have to wait until BTC grows enough to make a profit.

Hi, can i borrow your crystal sphere? I want to predict the future too.

[xxjs]

OP, sorry if I hurt your feelings, but I had good intentions. I wish you good luck in holding to your coins on long term.

IMO the train is not close to leaving the station. My guess is that at best BTC is going to compete with Paypal, and this
alone could lead to a price above 1,000$ / coin. But on short term, adoption is still slow, and the transition from
illegal drugs and weapons to mass adoption is very questionable. I rather see BTC used by companies to bribe
government officials all over the world, because BTC transactions are less traceable than bank account transfers.

While it can be interesting to compare the transaction volume in paypal with the transaction volume in bitcoin, the two systems are so different the comparison is not all that relevant. Major differences: Paypal is dependent on the banking system in each end, bitcoin does not. It makes no sense to save in paypal, "paypals" (dollar deposits in paypal) are sometimes hard to get out, but it makes sense to save in bitcoins. Bitcoin can operate in all but the most totalitarian countries, paypal can not.