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Author Topic: Am I the only one who feels relieved when the price goes down?  (Read 4294 times)
fryx (OP)
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November 19, 2013, 08:07:35 PM
 #1

My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".
colinistheman
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November 19, 2013, 08:37:44 PM
 #2

I find my emotions depend whether i want to buy or sell.

if i have enough bitcoin (or not any more money to spend) then I want the value to go up.

if I don't consider that I have enough bitcoin (or I have money I want to spend to buy them), then i want the value to go down.

Smiley



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[15.00000000 BTC]


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Rainbot
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powdabam
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November 19, 2013, 08:38:54 PM
 #3

My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".

I like that, Government money.  This is going to be rude, but has it ever occurred to you that that is my money, not magical government money?
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November 19, 2013, 08:42:16 PM
 #4

My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".

Is it money you can afford to lose?

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November 19, 2013, 08:48:19 PM
 #5

I am very happy to see the price go down. It was really going crazy.
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November 19, 2013, 08:49:25 PM
 #6

My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".

Yes, but I don't want to feel relieved.

I plan on saving my BTCs for down the road, and don't have any need for them now, but it's always nice to see what they are currently worth and what I've paid for.  Right now the value of my BTC are 400% the total monetary value i've put it...seeing that keep going up makes me feel happy inside.

DeathAndTaxes
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November 19, 2013, 08:49:30 PM
 #7

Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.

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November 19, 2013, 08:50:36 PM
 #8

I love crashes! I used to be a bull, but now I always buy into a bear market.

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fryx (OP)
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November 19, 2013, 10:05:07 PM
 #9

My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".

I like that, Government money.  This is going to be rude, but has it ever occurred to you that that is my money, not magical government money?
This is an international forum, so we are probably not actually talking about the same money Wink

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Is it money you can afford to lose?
Not really.. I don't have much Sad
ThatDGuy
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November 19, 2013, 10:28:17 PM
 #10

I love crashes! I used to be a bull, but now I always buy into a bear market.

Doesn't that still make you a bull? Smiley

I'm incredibly bullish on BTC long-term as well but would love another few days of ~$300 prices to buy some more up!
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November 19, 2013, 11:01:55 PM
 #11

I am a bit nervous about the way the price goes down, it starts to look erratic on Gox IMO.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.

Sometimes, if it looks too bullish, it's actually bearish
wachtwoord
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November 19, 2013, 11:05:45 PM
 #12

Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.



1. Bitcoin goes up and down $300 in one day
2. You calculate the swing in your net worth
3. You think it's hilarious

This will be even bigger in a couple of years if Bitcoin is way higher. But even now, some people must have multi-million dollar swings in an hour. Must be nice Smiley
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November 19, 2013, 11:16:07 PM
 #13

Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
I think I'm squarely in #2... but only because I'm really hoping to pay off my mortgage someday soon.
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November 19, 2013, 11:19:40 PM
 #14

Bitcoin has only ever been at this price today and yesterday. How can you call it cheap?
wachtwoord
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November 19, 2013, 11:21:17 PM
 #15

Bitcoin has only ever been at this price today and yesterday. How can you call it cheap?

Because Bitcoins have always been cheap. They'll continue to be cheap for a while.
Peter R
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November 19, 2013, 11:45:54 PM
 #16


Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.


Agreed.

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November 19, 2013, 11:48:38 PM
 #17

For the future, reliability and credibility of bitcoin it's really a good thing that the value is in normal regions.

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November 19, 2013, 11:59:15 PM
 #18

I am a bit nervous about the way the price goes down, it starts to look erratic on Gox IMO.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.

Did you expect it to go down in an orderly manner? Lol
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November 20, 2013, 12:04:32 AM
 #19

The smarty people cashed out at 700-900.

Will be buying again around 300-500.

A lot of bulls licking their wounds right now.  Cheesy
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November 20, 2013, 12:06:31 AM
 #20

Very few cashed out at $900.

(unless you mean BTCChina)

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