Sold earlier at $380....

[favelle75]

But when to buy back in...dammit.  Should have bought when it dipped to $298.

[ArpFlush]

I know what you mean, I'm still waiting a little dip to 345 but bitcoin keeps on rising...question is for how long 

[favelle75]

I know what you mean, I'm still waiting a little dip to 345 but bitcoin keeps on rising...question is for how long 

And even then, how do you catch the "bottom" on said dip?

[MAbtc]

I know what you mean, I'm still waiting a little dip to 345 but bitcoin keeps on rising...question is for how long 

And even then, how do you catch the "bottom" on said dip?

I don't so much try to catch bottoms anymore. I just use dollar-cost averaging. However, I do tend to weight my bids more heavily where I think the bottoms will be -- fib retracements, etc.

[BadAss.Sx]

Just place an order in the order book and just wait...a crash will come now a days..i'm certain of that

[ArpFlush]

Just place an order in the order book and just wait...a crash will come now a days..i'm certain of that

Yeah, however, it's difficult to have the patience and await a (small) crash when you see bitcoin climbing for ever 

[Wilhelm]

A crash should have happened but it didn't.
We're pushing the resistance, once it goes past it wil become a new support level.

If a crash would happen it will probably happen when a new bubble high is reached, let's say $500.
Faith in bitcoin has increased and bitcoin is more widespread I don't see it dropping hard atm.

[BitchicksHusband]

Beware bears!  There are a lot of bear traps around these parts.

[barbs]

wow QQ more? this happens to all of us who try to chance it and buy back lower.  You think you're the only one? I've got 1000$ sold at 350 that i'm waiting to push back in, it happens.  380 isn't bad, i'd just buy back in now and not worry about it if i were you

[wheeler]

Old trading wisdom...

Bottom-picking is a dirty business.

[crazy_rabbit]

I know what you mean, I'm still waiting a little dip to 345 but bitcoin keeps on rising...question is for how long 

And even then, how do you catch the "bottom" on said dip?

I don't so much try to catch bottoms anymore. I just use dollar-cost averaging. However, I do tend to weight my bids more heavily where I think the bottoms will be -- fib retracements, etc.

Yeah, these days though a drop from 390 to 370 is hardly worth the trading fee unless you're moving lots of BTC around. and even then it's hardly worth the risk of not buying back in.

[ArpFlush]

Yeah, these days though a drop from 390 to 370 is hardly worth the trading fee unless you're moving lots of BTC around. and even then it's hardly worth the risk of not buying back in.

Yep, noticed it. IMHO it's better to keep the coins in a safe wallet

[Wilhelm]

Yeah, these days though a drop from 390 to 370 is hardly worth the trading fee unless you're moving lots of BTC around. and even then it's hardly worth the risk of not buying back in.

Yep, noticed it. IMHO it's better to keep the coins in a safe wallet

+1

[tutkarz]

Just place an order in the order book and just wait...a crash will come now a days..i'm certain of that

I like when people say such things because bitcoin always does the opposite.

[frankenmint]

But when to buy back in...dammit.  Should have bought when it dipped to $298.

350K sell wall on Gox at 400-401 dollar mark

[frankenmint]

Just place an order in the order book and just wait...a crash will come now a days..i'm certain of that

I like when people say such things because bitcoin always does the opposite.

This is because of china....CANNOT WAIT to SEE ARGENTINA go 4 broke.


Guys #1 rule of Exchange - Screw greed, hold an opposite position, dont sell your whole lot...keep some around to play both hands of the order book when time permits, but don't make those ridiculously low like 300s anymore because we don't know the exact wall.  I say hold a couple coins in a cold wallet and forget about them period in case the day comes and the price is past 500K then you can cash out that coin!

[frankenmint]

Just place an order in the order book and just wait...a crash will come now a days..i'm certain of that

I like when people say such things because bitcoin always does the opposite.

This is because of china....CANNOT WAIT to SEE ARGENTINA go 4 broke.


Guys #1 rule of Exchange - Screw greed, hold an opposite position, dont sell your whole lot...keep some around to play both hands of the order book when time permits, but don't make those ridiculously low like 300s anymore because we don't know the exact wall.  I say hold a couple coins in a cold wallet and forget about them period in case the day comes and the price is past 500K then you can cash out that coin!

Op now its 541,000 buy wall between 400 and 402 so yes....unless a WHALE comes along...I see a downtrend to exploit real soon...converesely the whale seller could stay risky and push their sell walls to a higher number such as 450-475ish...good for my longs...all bad for my short.

[notme]

Op now its 541,000 buy wall between 400 and 402 so yes....unless a WHALE comes along...I see a downtrend to exploit real soon...converesely the whale seller could stay risky and push their sell walls to a higher number such as 450-475ish...good for my longs...all bad for my short.

Good call

Seriously guys... if you believe in Bitcoin over the long term fuck trading.  Just watch for a year or two.  If, at that point, you notice you are able to see market movements, then maybe start some light trading, but never sell more bitcoins than you are willing to lose.  Until then, keep your bitcoins safe and just watch the show.

You wouldn't believe how many BTC it cost me to learn this lesson.

[kireinaha]

Such short term memories... so many people saying and thinking, 'this time it's not going to crash, this time it's different.' People were thinking the same way in April. Bottom line is, as soon as a momentum picks up, investors will panic whether they believe in bitcoin long term or not. Everyone wants to buy back in at a cheaper price and nobody wants to catch the dropping knife.

Prices will plummet soon, it's just a question of how much.

[chrsjrcj]

The price is higher now than when it topped off in April.....

If you bought at $266 in April, you're winning today (assuming you held).