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Author Topic: How many bitcoin parabolic rise and bubble crash have you been through? 1, 2, 3?  (Read 5186 times)
gabriella (OP)
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November 21, 2013, 01:43:53 AM
 #1

i have been through all 3 - first one in june 2011, second one in march this year, third one just now.

never sold any, only bought more.

how about you?
cypherdoc
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November 21, 2013, 02:17:58 AM
 #2

i count 15.5 to 7 as #4 for me.
JimboToronto
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November 21, 2013, 02:21:24 AM
 #3

never sold any, only bought more.
Me too.
mb300sd
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November 21, 2013, 02:32:22 AM
 #4

All 4... always painful, until the next one. Still holding on tight.

(although #1 was with a ton of BTC on my hard drive that I had completely forgotten about)

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
Melbustus
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November 21, 2013, 03:14:39 AM
 #5

All 4 mentioned here.

But weren't there several huge ramps followed by 50%+ drops before June 2011? Those would be before my time.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
fallinglantern
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November 21, 2013, 03:29:57 AM
 #6

The Architect from Matrix Reloaded had words about this..

http://www.youtube.com/watch?v=2wdKlWXyUkc&t=2m4s

tl;dw: I prefer counting from the emergence of one integral anomaly to the emergence of the next. In which case, this is the sixth version.
dnaleor
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November 21, 2013, 03:38:17 AM
 #7

you should have added a poll, would be interesting Smiley

I saw the 2 recent "bubbles": april and the current one.
Bitcopia
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November 21, 2013, 04:01:22 AM
 #8

i count 15.5 to 7 as #4 for me.

Aye, she was my first, and she got me good! She took 90% of my coins, but she taught me to stay strong through 2013.
piramida
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November 21, 2013, 05:20:18 AM
 #9

I consider bitcoin the compact immersion training course for market psychology yet!

Yep I think all commodity traders should get on here; the only place where you can go through all phases of the market in one year Smiley

As for the topic, all of them. Would not miss any, the adrenaline is what makes bitcoin so special (besides being the currency of the future yadda yadda).

i am satoshi
ironstove
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November 21, 2013, 08:17:58 AM
 #10

I've been following BTC since April 2010.
Elwar
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November 21, 2013, 08:22:09 AM
 #11

I bought as it was coming down in June 2011 at $17.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Pruden
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November 21, 2013, 08:35:29 AM
 #12

Only april and this one.

I regard them as crash-courses (heh) in finance. In the first one, I bought all the way up (also sold according to schedule) which meant I was under the water several days. It was PAINFUL, I couldn't get myself to ride it like all the wiser people here adviced. Plus, the April crash happened along the week previous to my final project presentation, which made me all the more anxious. By the time the July capitulation arrived I was already desensitized. Now? I trade like a boss, and am well in EUR profit anyway.

But I never forget. When my friends showed interest in buying last month (they had heard about Silk Road bust, I had told them about bitcoin in March lol) the first thing I did was play the April crash time-lapse video for them, lest they suffer like I did.
Gordonium
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November 21, 2013, 09:10:25 AM
 #13

It's just so fucking character building everytime.
emanymton
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November 21, 2013, 09:44:23 AM
 #14

Seen em all... and if I'd done the exact opposite of what I actually did each time I would be extremely wealthy by now  Cry
donjoe
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November 21, 2013, 10:23:08 AM
 #15

I bought as it was coming down in June 2011 at $17.
Same here, at $19, and then some more in February 2013 when things started ramping up again. Then April 2013 devoured me - I had everything in coins when the peak came, I was there to see the peak actually happen, yet I couldn't trade anything because Bitcoin-24x crashed and then immediately got locked down by investigations related to money laundering. By the time I got my coins back I was left to trade on the final zigzags after the crash and ended up losing even more. *bangs head against wall* That's when the moment of truth came: GTFO or discipline myself to trade only on large-scale and long-term evolutions.

In October I recovered all my losses and I currently have more than 2x the fiat I put in.

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sgbett
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November 21, 2013, 02:47:25 PM
 #16

All, (in since $1) and it always feels easier on the down leg than the up.

On the down the plan is simple - hold tight.

On the up the plan is less simple (sell tiny bits to lock in a bit of fiat gain in case it all goes wrong), but the excitement of a rising market creates emotions that make you question whether your plan is optimal because you know the correction is coming and you want to have taken advantage of the run up...

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
Spaceman_Spiff
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November 21, 2013, 02:49:08 PM
 #17

You guys realize you are just making everybody else jealous, right?  Grin
sgbett
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November 21, 2013, 03:08:35 PM
 #18

You guys realize you are just making everybody else jealous, right?  Grin

I'm sure in time there will be plenty who look at those that bought in the hundreds and wish they had that kind of opportunity Smiley


"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
fallinglantern
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November 21, 2013, 03:26:17 PM
 #19

I'm sure in time there will be plenty who look at those that bought in the hundreds and wish they had that kind of opportunity Smiley

This. I keep telling this to friends who lament not getting into BTC when it was ___ price that was cheaper. They keep not buying.
proudhon
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November 21, 2013, 04:00:23 PM
 #20

4, by the way you guys are counting.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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