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ashaw596 (OP)
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November 19, 2013, 03:30:43 AM |
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After, the bitcoin increase (I bought in when it was about $150) and does it make any of you feel as nervous as me? I suddenly realize I have ALOT of money in bitcoins. My entire life savings (well I'm just a college student so it doesn't amount to TOO much but after that over 400% returns its a large amount of money to me). I feel a drop coming, but I'm not sure and I sold a couple bitcoins earlier and feel bad about it, so I'm so nervous on when I should sell (or if I should sell) and how much to sell. Its freaking me out!!!!
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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tmzn32
Member
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Activity: 93
Merit: 10
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November 19, 2013, 03:35:40 AM |
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I only own 3 of them....
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 19, 2013, 03:39:27 AM |
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sell to get your investment back if you can't handle risking your "money"
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GameKyuubi
Sr. Member
Offline
Activity: 253
Merit: 1413
DTCxNMC
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November 19, 2013, 03:40:42 AM |
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Selling is a dangerous game in a bull market like this. Don't sell. This is STILL just the tip of the iceberg if you're in it for the long haul. If you're in the game for like, the next week, now might be okay to sell, but even that I'm not sure of anymore. I sold some at $250 and bought back in at $400 at a huge loss, but I'm still profiting so far. My strategy has changed to long buy, even on major altcoins. It's just not worth the risk in this market.
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BTC: 15SLrNo6PKVfsH5JLtatJcVkSQXCk1LXyq
full stack Node
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ashaw596 (OP)
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November 19, 2013, 04:05:16 AM |
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Selling is a dangerous game in a bull market like this. Don't sell. This is STILL just the tip of the iceberg if you're in it for the long haul. If you're in the game for like, the next week, now might be okay to sell, but even that I'm not sure of anymore. I sold some at $250 and bought back in at $400 at a huge loss, but I'm still profiting so far. My strategy has changed to long buy, even on major altcoins. It's just not worth the risk in this market.
Yeah, I switched to a long buy arbitrage investment plan after the drop from 150 to 50 and back up to 120 a couple of months ago and lost out on the short term trades. But still, the amount of money I have locked up now just makes my finger itch SO MUCH to pull the trigger on that sell button... |
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mvidetto
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November 19, 2013, 05:16:12 AM |
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I'm 50/50 at this point, but once the hype in China stops..... There's really no other exchanges pushing the value higher.
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zoinky
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November 19, 2013, 05:22:23 AM |
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If you can't handle the heat... go hang out in the shade.
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theonewhowaskazu
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November 19, 2013, 05:27:24 AM |
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Where did you buy at.
If you bought at $15 or something, you're basically set. If you sell any, even if Bitcoin 'crashes' down to $266, you're still basically fine to pay your expenses till it bubbles back up again. If you bought at $300 or something, and all of your life's savings are in there, then yea, you might be a bit worried.
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NUFCrichard
Legendary
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Activity: 1218
Merit: 1003
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November 19, 2013, 05:38:44 AM |
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Even the biggest bull can't claim that it's not a bubble now, maybe 500 is fair but rising 200 a day makes it a bubble. So top slice at least.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 19, 2013, 05:49:07 AM |
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Even the biggest bull can't claim that it's not a bubble now, maybe 500 is fair but rising 200 a day makes it a bubble. So top slice at least.
is it not a bubble! |
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RenegadeMind
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November 19, 2013, 05:56:42 AM |
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Even the biggest bull can't claim that it's not a bubble now, maybe 500 is fair but rising 200 a day makes it a bubble. So top slice at least.
is it not a bubble! +1 Not a bubble. Just crashing up towards it's fair value. In other news, a CNN article put BTC at $100,000 saying that it's like to be a trillion dollar market soon. Even the MSM is starting to look at the potential for bitcoins rather than having pure hit pieces all the time. |
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rampantparanoia
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November 19, 2013, 05:57:27 AM |
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Even the biggest bull can't claim that it's not a bubble now, maybe 500 is fair but rising 200 a day makes it a bubble. So top slice at least.
is it not a bubble! +1 Not a bubble. Just crashing up towards it's fair value. In other news, a CNN article put BTC at $100,000 saying that it's like to be a trillion dollar market soon. Even the MSM is starting to look at the potential for bitcoins rather than having pure hit pieces all the time. Link or it didn't happen. |
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