Am I the only one who feels relieved when the price goes down?

[AndrewWilliams]

No, I'm referring to Gox price.

China is a whole other story.

It's seems like it's down to human psychology, maybe.

Most people probably had their sell orders set to 1,000 (a psychological threshold). The smart money anticipates this and sets theirs to 900.
Just a theory, but... Winning. 

[Ardenyham]

The smarty people cashed out at 700-900.

Will be buying again around 300-500.

A lot of bulls licking their wounds right now. 

Its easy to say this now, right ?  

[wachtwoord]

The smarty people cashed out at 700-900.

Will be buying again around 300-500.

A lot of bulls licking their wounds right now. 

Its easy to say this now, right ?  

Don't mock captain heignsight!

[AndrewWilliams]

Its easy to say this now, right ?  

Yes, see my post below that one.

It was predictable the pro traders were going to dump right before it got to 1000 so they would be left holding the bag, and could clock in some nice profit.

Traders don't hold onto something if they can cash out and buy in again way cheaper.

[favelle75]

The smarty people cashed out at 700-900.

Will be buying again around 300-500.

A lot of bulls licking their wounds right now. 

$720 for me.  I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.

[AndrewWilliams]

$720 for me.  I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.

Smart man.


Remember the saying: Bulls make money, bears make money, pigs get slaughtered!

[favelle75]

$720 for me.  I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.

Smart man.


Remember the saying: Bulls make money, bears make money, pigs get slaughtered!

Exactly.  I feel greedy enough doubling up my coins! I do feel bad for selling 100% of my BTC though. I am mining, so new coinage is always coming in and I AM supporting the network....but still...

[drnick]

$720 for me.  I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.

Well...not quite double for free. Bitcoin regulation is well on its way and uncle sam (or other tax authority) will want to capture your gains on that sale at $720. Bitcoin will be quite traceable and I suspect audits will come down the line for anyone reporting gains in bitcoins in 5 years or so. So you'll get double coins but probably a small tax bill to make up for it.

It's not all bad news though. Ask your landlord (if you have one, for instance) if he/she will accept rent in bitcoins, and buy the difference of bitcoins in your rent. That way, your "new" bitcoins will get taxed against that rate, instead of the cheaper rate. I think that's excellent motivation to spur the adoption of bitcoins 

[proudhon]

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.

LOL, this is the most insightful thing I've read in the spec forum for a loooong time.

[favelle75]

$720 for me.  I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.

Well...not quite double for free. Bitcoin regulation is well on its way and uncle sam (or other tax authority) will want to capture your gains on that sale at $720. Bitcoin will be quite traceable and I suspect audits will come down the line for anyone reporting gains in bitcoins in 5 years or so. So you'll get double coins but probably a small tax bill to make up for it.

It's not all bad news though. Ask your landlord (if you have one, for instance) if he/she will accept rent in bitcoins, and buy the difference of bitcoins in your rent. That way, your "new" bitcoins will get taxed against that rate, instead of the cheaper rate. I think that's excellent motivation to spur the adoption of bitcoins 

Uncle Sam can kiss my ass....I live in Canada.

[favelle75]

$720 for me.  I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.

Well...not quite double for free. Bitcoin regulation is well on its way and uncle sam (or other tax authority) will want to capture your gains on that sale at $720. Bitcoin will be quite traceable and I suspect audits will come down the line for anyone reporting gains in bitcoins in 5 years or so. So you'll get double coins but probably a small tax bill to make up for it.

It's not all bad news though. Ask your landlord (if you have one, for instance) if he/she will accept rent in bitcoins, and buy the difference of bitcoins in your rent. That way, your "new" bitcoins will get taxed against that rate, instead of the cheaper rate. I think that's excellent motivation to spur the adoption of bitcoins 

And not only that, if they tax my gains, then all my mining gear and electricity and part of my mortgage (space) is now a tax deduction, thank you very much.  

[proudhon]

$720 for me.  I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.

Well...not quite double for free. Bitcoin regulation is well on its way and uncle sam (or other tax authority) will want to capture your gains on that sale at $720. Bitcoin will be quite traceable and I suspect audits will come down the line for anyone reporting gains in bitcoins in 5 years or so. So you'll get double coins but probably a small tax bill to make up for it.

It's not all bad news though. Ask your landlord (if you have one, for instance) if he/she will accept rent in bitcoins, and buy the difference of bitcoins in your rent. That way, your "new" bitcoins will get taxed against that rate, instead of the cheaper rate. I think that's excellent motivation to spur the adoption of bitcoins 

And not only that, if they tax my gains, then all my mining gear and electricity and part of my mortgage (space) is now a tax deduction, thank you very much.  

Haven't mined since summer 2011, but maybe I should let a GPU run for the deduction.

[drnick]

And not only that, if they tax my gains, then all my mining gear and electricity and part of my mortgage (space) is now a tax deduction, thank you very much.  

Now if only we had some kind of bitcoin-like ledger to manage and track all our deductions

[theonewhowaskazu]

I feel relieved when things like the Silk Road 'crash' happen. I.e, when a selloff happens but people eagerly prop the price up again. Basically, August/September were my dream months. Ok, October & November (up until yesterday) were dreamy as well, but from a pocketbook perspective, as opposed to maybe-I'll-sleep-a-bit perspective.

[porcupine87]

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".

What cheap? The all time high on gox 48hours ago was 550. No we are above 600$. Define "cheap"

[favelle75]

And not only that, if they tax my gains, then all my mining gear and electricity and part of my mortgage (space) is now a tax deduction, thank you very much.  

Now if only we had some kind of bitcoin-like ledger to manage and track all our deductions

Ha ha.  We do (sort of).  MS Excel. 

[favelle75]

Missed my boat because of greed.  Got down to $530 on CAVirtex....now $610.  FML. Wait for the next dip I guess?

[PenAndPaper]

People in this forum know exactly when to sell and when to buy. That is only AFTER a crash or AFTER a meteoric rise of course 

[junshong]

$900 Happened when i was sleeping. Didnt have any chance to sell and buy at the dip after that. Not very happy

[Foxpup]

People in this forum know exactly when to sell and when to buy. That is only AFTER a crash or AFTER a meteoric rise of course 

You mean DURING, not AFTER. DURING a crash is exactly when to buy, and DURING a meteoric rise is exactly when to sell. That's why I sold at $857. Easy money.