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Please tell the truth
Poll
Question:
I mostly ...
Buy low, sell high
46 (33.1%)
Buy high, sell low
32 (23%)
I never sell
61 (43.9%)
Total Voters: 139
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Topic: Please tell the truth (Read 2187 times)
Pokerfan
Full Member
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Activity: 130
Merit: 100
⇾
Re: Please tell the truth
September 14, 2013, 01:56:22 PM
#21
Sell your fiat currency and never look back
BitChick
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Activity: 1148
Merit: 1001
Re: Please tell the truth
September 14, 2013, 03:05:36 PM
#22
I don't think I have the nerves of steel required to day-trade. I tried it a couple times with a very small amount of BTC but it never worked out for me. I just buy and hold. I can't say I have bought all of mine really low though. Oh well.
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
JimboToronto
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Activity: 4116
Merit: 4739
You're never too old to think young.
Re: Please tell the truth
September 14, 2013, 03:40:30 PM
#23
I mostly just buy and hold, but with the few coins I've traded, I've come out ahead.
This was done during the bubble inflation last spring by anticipating dDOS attacks by placing asks just beyond what normal growth should have taken it, then immediately placing bids just low enough to be met with the panic from the ensuing dDOS attack. Of course that doesn't work any more.
Now I use mainly whale anticipation. I had an ask at 149.9999 when a whale buy brought it close. After it fell back and stalled at 144, I moved it to 159.9999 where it sits for now. If it had been met at 149.9999 I would have bid at 138.0001 and been back in within days.
My last actual sell was at 165 during the dead cat bounce and I bought back at 97 about a week later. Since then I bought some more, also at 97 coincidentally.
Since I trade rarely and mostly hoard, I voted "I never sell".
ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
Re: Please tell the truth
September 14, 2013, 10:41:48 PM
#24
Quote from: adamstgBit on September 13, 2013, 10:37:41 PM
i mostly sell high and buy higher
This is equivalent to buy high sell low if one uses BTC as the base currency. In short one is buying CAD high and then selling CAD low for BTC.
Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards.
https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg
https://en.wikipedia.org/wiki/Punched_card
naphto
Sr. Member
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Activity: 392
Merit: 250
Re: Please tell the truth
September 15, 2013, 12:23:55 PM
#25
I never sell - 48 (43.2%)
And still, the price is not skyrocketing with most people never selling
DiamondCardz
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Activity: 1134
Merit: 1118
Re: Please tell the truth
September 15, 2013, 09:03:34 PM
#26
I don't really sell, I just buy and spend a little.
BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
BitChick
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Re: Please tell the truth
September 15, 2013, 10:18:57 PM
#27
Quote from: naphto on September 15, 2013, 12:23:55 PM
I never sell - 48 (43.2%)
And still, the price is not skyrocketing with most people never selling
There are obviously some people selling out there.
But if even more were holding, that is when the price would really skyrocket. There will always be a price someone is willing to sell at though.
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
nobbynobbynoob
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Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
Re: Please tell the truth
September 16, 2013, 01:04:05 AM
#28
Quote from: BitChick on September 15, 2013, 10:18:57 PM
There are obviously some people selling out there.
For if there are no sellers, there can also be no buyers!
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mgio
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Activity: 546
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Re: Please tell the truth
September 16, 2013, 01:57:58 AM
#29
I only sell bitcoins. Where is that option?
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