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Author Topic: sold at $600. what to do?  (Read 7145 times)
600watt
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November 23, 2013, 11:32:00 PM
 #121

Sell low/ buy high is a common mistake. Wait, we will see a pullback one way or the other.

Unless you just buy and spend immediatelly, but without SR not best idea

 Cheesy


op was right to buy back some (50% ?).

what are you doing with the other half?




good luck, mate. surely know how it feels.

losing coins is just terrible.
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n691309
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November 24, 2013, 12:06:32 AM
 #122

Took 0.5 BTC and sold last week at $720. Bought back at $380 and sold again at $450. Bought at $435 and then sold at $580.  Just bought in this week at $633 and sold this morning at $829. Seems like a pretty easy way to increase your coins without actually doing anything...

Except for the one time you sell and the price doesn't go down.

it´s like nl hold'em poker. you can do very well at all those little moves, but one incident of bad luck or mistake can take you all (your coins) out

Not true.
You can reduce the profit with bad trading. But when you never buy high and sell low, you'll allways increase your wealth. Possible not in BTC, but in total fiat+btc.


But in the example above and always selling all, he might never rebuy BTC back after $580 sell. So he is plus with fiat, but missing oppurtunity with BTC future

                            ▄▄▄▄████
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     ▄████▀▀████▄    ▄████▀▀████▄
   ▄████▀    ▀████▄▄████▀    ▀████▄
 ▄████▀        ▀██████▀        ▀████▄
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    ██████▀▀            ▀▀██████▀
.PROPTHEREUM.
nanobtc
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November 24, 2013, 03:45:15 AM
 #123

I keep 50/50 fiat/btc in an exchange. I keep two bid/ask orders 11% below/above the current price. During big swings in either direction I manually change that difference to 20% or more.

What happens if big dump happens, you auto buy BTC with all fiat? It might be problem to sell the BTC for higher price than you bought, no?

I keep most of my BTC in cold storage, and just a couple to play with like this.  In the case of a big dump, I am happy to buy more coins cheap. I believe in the future of BTC, and believe that it will mostly go up in the long run. I would be more worried about a big rally that kept going on, and having more $$$ than BTC at the end.

It's Goxtool, a bot in Linux running a balancer strategy and if it keeps going in either direction it continually places smaller and smaller orders to not get too far from 50/50. I can sleep and work knowing it will catch changes. In the present rally, I have it set for 20%, so that also slows it down (and reduces Gox fees with less frequent trading).

I am a computer guy, not an investing guy, here were my Four Steps to Know That I am Not a BTC Trader (at this point).

1. Newbie, bought half a coin.
2. Placed an ask for it all 50% higher, it hit.
3. Placed a bid for it all at a steep profit, it hit. I SHOULD QUIT MY JOB, THIS IS EASY!
4. Repeat a few times, lost $80. I DON'T KNOW WHAT I AM DOING! THIS IS NOT SO EASY!

So, running the bot is a lot easier and a lot more reliable than me doing it. It basically buys on the way down, and sells on the way up in small amounts. The BTC market is strange and fascinating, and I have learned a lot.

Unwanted BTC? Dispose of them safely here:  1PrdnbsRrv5fvpg2LAGCroBMqJGgp3pDRW
accord01
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November 24, 2013, 03:58:13 AM
 #124

I would suggest to buy right now as in within the next 10 sec, before prices jump over 800 again and don't look back for the next 4-5days, then it is on to testing 999
raskolnikovx
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November 26, 2013, 06:06:44 PM
 #125

I sold some Btc at 680 USD and a little more at 750 before prices shoot up to 800-900
As I cannot tell whats going on anymore I used the money to buy Litecoins when they where around 7-8 USD.
Litecoins are today at 16 USD and going up so I doubled my money.
I wont be operating Bitcoin for a while. Things are just crazy.

BTC: 1AR3Cu99DSbc7ZTBPLwhqf88yzBLx2zxhH
favelle75
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November 26, 2013, 06:39:11 PM
 #126

I sold my given chunk at $828...now just sitting and waiting.....and waiting......
Rampion
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November 26, 2013, 07:12:27 PM
 #127

This thread looks very oversold, do we agree on that?

FiatKiller
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November 26, 2013, 11:34:07 PM
 #128

Don't feel bad, I sold 5 @ $700 hoping to buyback lower and got burnt. Bought back in today, but have less coins now. Will be much more careful in the future. I am going to horde and just play with these 5.

LTC: LdxgJQLUdr8hZ79BV5AYbxkBUdaXctXAPi
MoonCoin Gambling: https://coin-horse.com/MON/
tearfereon
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November 26, 2013, 11:39:44 PM
 #129

This thread looks very oversold, do we agree on that?

Too much hope here for crash and buying cheaper  Smiley
Possible, but Im not betting on crash
Rampion
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November 26, 2013, 11:42:09 PM
 #130

This thread looks very oversold, do we agree on that?

Too much hope here for crash and buying cheaper  Smiley
Possible, but Im not betting on crash

In fact we could just go up - and up we go.

BTC is going mainstream, world wide.

bonker
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November 26, 2013, 11:47:04 PM
 #131

C) Join the Bears club lead by Blitz and spread BS to scare the noobs....... Also pretend to use TA so they think you're pro trader. And crash is always coming. Say something like .... "i expect under $400 soon"  or " we're not gonna see $600 untill 2015". Oh and just ignore anyone says otherwise.


LOL

There are tons of "pro traders" who turn into bears because they "cashed out" at 200s, then 300s, then 400s....They either left .... then come back to a correction or flash crash and chant " crash crash, bubble pop" or  never come back. Samson, where art thou?

You get the idea.

ps, when anyone ask, they will say " hell yeah, my strategy works out better than buy and hold. I'm pro so..."



Yeah, and it is REALLY HARD to beat the "buy & hold" strategy. I mean seriously, if you aren't satisfied with 1000% growth per year, there's little in life that will make you happy Smiley

I turned my bots off and just went long .. The best trading strategy right now is to just sit long

Pies
barbs
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November 26, 2013, 11:48:12 PM
 #132

i have lost so many btc to foolish calls, don't do it. got a 1/3 of what i had in july.
600watt
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November 26, 2013, 11:48:22 PM
 #133

I would suggest to buy right now as in within the next 10 sec, before prices jump over 800 again and don't look back for the next 4-5days, then it is on to testing 999

nice call !
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