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Author Topic: We'll be back to $13-14 by end of week. Know how I know?  (Read 3677 times)
Mousepotato
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August 04, 2011, 03:43:29 AM
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Because I just sold all my Bitcoins at $9.99. It NEVER fails FML...

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August 04, 2011, 03:48:09 AM
 #2

Buy high, sell low.

It’s going up? Buy!
It’s going down? Sell!

Wink

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"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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August 04, 2011, 04:21:08 AM
 #3

Why do people keep selling low??  At least don't buy back high.

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August 04, 2011, 04:27:04 AM
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Why do people keep selling low??  At least don't buy back high.

Panic sells? I mean, it pretty much plummeted...

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August 04, 2011, 04:28:38 AM
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Why do people keep selling low??  At least don't buy back high.

Panic sells? I mean, it pretty much plummeted...

The question I always ask myself before selling a stock or, in this case, bitcoin, is, "have the fundamentals changed?"

Nothing about the fundamentals of Bitcoin has changed, so there's no reason to sell.   Just ride it out.

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August 04, 2011, 04:30:45 AM
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Why do people keep selling low??  At least don't buy back high.

Panic sells? I mean, it pretty much plummeted...

It "plummeted" because all sell orders down to $8.7 were filled. It wasn't the hand of God, an omen or a supernatural anomaly.

Nobody is forcing people to sell their coins at $8.7.

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August 04, 2011, 04:33:43 AM
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Why do people keep selling low??  At least don't buy back high.

Panic sells? I mean, it pretty much plummeted...

It "plummeted" because all sell orders down to $8.7 were filled. It wasn't the hand of God, an omen or a supernatural anomaly.

Nobody is forcing people to sell their coins at $8.7.

Im pretty sure we all know why it plumets...
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August 04, 2011, 04:36:13 AM
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Im pretty sure we all know why it plumets...

No. People on IRC claim it's the CIA or 'Bernanke', and 'you're an idiot if you don't sell now'. After a while you just tune out & ignore them, lol

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August 04, 2011, 04:47:30 AM
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The question I always ask myself before selling a stock or, in this case, bitcoin, is, "have the fundamentals changed?"

Nothing about the fundamentals of Bitcoin has changed, so there's no reason to sell.   Just ride it out.

+1

to many people base their trades on the movement.. sometimes movement might warn you to pick up the ole googles and see if their is any news you need to be aware of, if not, it is best to just close the exchange pages for the day and go out for a walk by the river.

panic sellers.. you are a long term bulls wet dream, dont ever change

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August 04, 2011, 04:49:06 AM
 #10

I dont understand why anyone would sell their BTCs right now. Anyone looking to make a profit and/or better the economy would actually buy right now. By the end of next week, or even if not next month, the price will return to a somewhat stable or ballpark $12-16. Hell it's already back to 11 right now. Sure it might plummet tomorrow even down to $5 in a flash, but BTCs are not in a dire emergency of failing. There have been much worse circumstances with fantastic comebacks with BTC over the past few months.
Patience. Don't panic.
Well then again, like  Joulesbeef says - maybe dont change. You make it more lucrative for us.

I would've thrown $400 USD into BTCs back a few hours ago when it was only $8, but sadly it takes a day to get money into Mtgox from Dwolla's bank account. I rely on Paypal for instantaneous payments. Sad

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August 04, 2011, 05:08:51 AM
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The question I always ask myself before selling a stock or, in this case, bitcoin, is, "have the fundamentals changed?"

Nothing about the fundamentals of Bitcoin has changed, so there's no reason to sell.   Just ride it out.

+1

to many people base their trades on the movement.. sometimes movement might warn you to pick up the ole googles and see if their is any news you need to be aware of, if not, it is best to just close the exchange pages for the day and go out for a walk by the river.

panic sellers.. you are a long term bulls wet dream, dont ever change

Good points both of you, but the fact is there was a lot of big news about the Bitcoin economy recently.  Yes, Bitcoin itself is fine as ever, and all the errors were made by third parties and end-users, but these the Bitcoin algo/network can't exist by itself in a vacuum, and people need to be able to use it for it to succeed.  These are real issues that need to be solved ASAP, and it is entirely possible that one to many of these horror stories could sour the idea on the public and drive them away for good.  The standard counterpoint to this is that Bitcoin will continue to survive as long as 2 people use it to trade, but I'm sure we all agree that we want this to take off within our lifetimes.

Nevertheless, I am convinced these are simply growing pains as we learn to adopt to a truly free system after being coddled all these years by government and the financial industry.  It'll be hard work but there is enough real momentum behind this to succeed. Cheesy

I'm just glad I got to buy cheap today~

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August 04, 2011, 05:16:33 AM
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Because I just sold all my Bitcoins at $9.99. It NEVER fails FML...

Damn and I thought it's because Bitcoin finally got some sexy babe promising titillation if BTC goes back to $13 like Tanya Devereaux (Net Neutrality), Larissa Riquelme (Paraguay, World Cup), Bobbi Eden (Netherland, World Cup) Sad


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August 04, 2011, 05:40:43 AM
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ecause I just sold all my Bitcoins at $9.99. It NEVER fails FML...


BUY! BUY! BUY!
Mousepotato
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August 04, 2011, 05:44:40 AM
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Damn and I thought it's because Bitcoin finally got some sexy babe promising titillation if BTC goes back to $13 like Tanya Devereaux (Net Neutrality), Larissa Riquelme (Paraguay, World Cup), Bobbi Eden (Netherland, World Cup) Sad

Heh, $13?  We can aim higher than that Smiley

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August 04, 2011, 05:46:35 AM
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You guys see that order for 666 LOL Cheesy.

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August 04, 2011, 05:52:40 AM
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panic sellers.. you are a long term bulls wet dream, dont ever change

Well said.

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Xephan
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August 04, 2011, 05:53:05 AM
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Damn and I thought it's because Bitcoin finally got some sexy babe promising titillation if BTC goes back to $13 like Tanya Devereaux (Net Neutrality), Larissa Riquelme (Paraguay, World Cup), Bobbi Eden (Netherland, World Cup) Sad

Heh, $13?  We can aim higher than that Smiley

Well, we'll need to get some mainstream babes into the community before we could aim higher, as it is, it's mostly guys here and geek babes are usually too smart (or not enough of an attention seeking personality) to make promises like those Cheesy

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August 04, 2011, 05:59:49 AM
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Damn and I thought it's because Bitcoin finally got some sexy babe promising titillation if BTC goes back to $13 like Tanya Devereaux (Net Neutrality), Larissa Riquelme (Paraguay, World Cup), Bobbi Eden (Netherland, World Cup) Sad

Heh, $13?  We can aim higher than that Smiley

Well, we'll need to get some mainstream babes into the community before we could aim higher, as it is, it's mostly guys here and geek babes are usually too smart (or not enough of an attention seeking personality) to make promises like those Cheesy

There are some beautiful and intelligent women who could represent us. Shira Lazar would be a good spokes model for us! http://www.cbsnews.com/video/watch/?id=7368784n

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Mousepotato
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August 04, 2011, 06:01:35 AM
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Well, we'll need to get some mainstream babes into the community before we could aim higher, as it is, it's mostly guys here and geek babes are usually too smart (or not enough of an attention seeking personality) to make promises like those Cheesy

Yeah, we need a spokesmodel like Morgan Webb or someone.  Regardless, it'd be nice if we crack $20 again.  If we can get to that level again, I'd be less shy in front of the camera Tongue

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August 04, 2011, 06:04:06 AM
 #20

I don't quite get the logic: "have the fundamentals changed?"

No, compared to when it was at $2 or even less. So it should go back to $2? LOL

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