sold at $600. what to do?

[UnDerDoG81]

Well, I bought 17,5 btc´s 1 hour ago at 766$ (even though I posted that I wont buy coins at this price ^^) and am already 100$ richer

I have 50% of Coins (17.5) on Gox wich I will never touch and then I now have these 17.5 Coins on Bitstamp for playing around with.

[1714806945]

1714806945

[1714806945]

1714806945

[CryptStorm]

Careful, it's wicked close man!

I'm queueing up to BUY! I won't get left out (again *sniff*).

About to pull trigger.

But not till it shows strength-- there's 3k coins till 800, fyi (and if it runs, that's probably worth 20 minutes.)

[huadylmate]

Given the bitcoin attention last days, I dont believe buying can go wrong.

[bitleif]

@OP When I make an investment I assume that money is forever gone. Reduced to zero. And I try to forget it and work on collecting more money going forward, occasionally peaking taking a peak at the growth of my investment. This helps. Temptation is a bitch. And when it gets ahold of you and you sell, you're gonna regret it.

+1

Detaching emotionally from your money is the single best thing you can do for your investment intelligence, and also for your happiness in life. Like you, everything I put on BTC is play money. It's fun to profit and also to be part of the early BTC history, but the money isn't really that important.

[Coinseeker]

Well, I bought 17,5 btc´s 1 hour ago at 766$ (even though I posted that I wont buy coins at this price ^^) and am already 100$ richer

I have 50% of Coins (17.5) on Gox wich I will never touch and then I now have these 17.5 Coins on Bitstamp for playing around with.

If you're never going to touch the coins on Gox, why are you storing them on Gox?  Why not move them to cold storage?  

[CryptStorm]

OK, fucking buy, dude!

[Coinseeker]

Well, I bought 17,5 btc´s 1 hour ago at 766$ (even though I posted that I wont buy coins at this price ^^) and am already 100$ richer

I have 50% of Coins (17.5) on Gox wich I will never touch and then I now have these 17.5 Coins on Bitstamp for playing around with.

If you're never going to touch the coins on Gox, why are you storing them on Gox?  Why not move them to cold storage?  

Probably for quick sell off when the time come. Waiting deposit confirmations might be deadly

That would pretty much negate "never going to touch", as any sudden down turn then becomes, "the time" to dump. 

[bitcon]

i wonder if he bought back before it hit 800

[wobber]

i wonder if he bought back before it hit 800

I don't understand why people sell and then are bears. Can't you just be bear without selling? Without hoping it will go down? And just expecting to go down?

[superkawaii]

Google trend is going down a bit:
http://www.google.com/trends/explore?q=bitcoin#q=buy%20bitcoin&date=today%203-m&cmpt=date

Wonder if there's a Baidu.com trends

[wobber]

That's not a bit, that's a lot!

[beetcoin]

at this point, my mind is being blown on a daily basis.. i am current with the news, but i still think "wtf is going on.. this is hysteria."

[zengryT]

i wonder if he bought back before it hit 800

I don't understand why people sell and then are bears. Can't you just be bear without selling? Without hoping it will go down? And just expecting to go down?

Yup, if you have no coins and dont plan to buy you expecting it to go down and dont care if price goes up or down

[GriTBitS]

Like I said hours ago when it was around 760$  !!!!!!!!!!!!!!!!!!!!BUY NOW!!!!!!!!!!!!!!!!!!!! If you didn't you're in a losing trade and you don't even know it. Your short in a long play! Better at least get one, because soon will only be able to buy a fraction of one! People reading charts be only looking at one time frame, You need to use at least at 3, Trend-Decision-Action If you are only staring at the 2 hour chart of course you were bearish as hell two days ago. If you're going to trade at least learn how too! Just because you hit the lotto on buying at once doesn't make you a trader.

[rocks]

OP, did you buy back in yet and cut your loses? Remember the best professional traders on WS cut losses and change position very very quickly...

Truth is, I didn't really know enough at that time to grasp it all.  I had no idea about our monetary system, I had no idea why decentralized even mattered so, it really became a battle against ideology and not the tech.  As I've learned Ripple, I've learned more about the whole crypto-space.  I've learned tons about our failing global monetary system, what the bills in my wallet really are and the list goes on.  From that I realize that this is all really important.  Whether it will be Bitcoin or something like it, the truth is we have to do something.  

One of Bitcoin's greatest properties is it forces people to both learn about and question the current monetary system before one can fully buy into the concept. IMHO most people who bash Bitcoin (ignorantly) in the comment sections of MSM articles clearly are those who so far refuse to learn about the system and just take the common misconceptions as fact. Bitcoin will slowly but surely awaken many.

[zengryT]

Seems every hour you dont buy is missed oppurtunity forever  

[Adrian-x]

i wonder if he bought back before it hit 800

I LOLed, and felt so bad

[Coinseeker]

One of Bitcoin's greatest properties is it forces people to both learn about and question the current monetary system before one can fully buy into the concept. IMHO most people who bash Bitcoin (ignorantly) in the comment sections of MSM articles clearly are those who so far refuse to learn about the system and just take the common misconceptions as fact. Bitcoin will slowly but surely awaken many.

I couldn't agree more.  These crypto solutions require users to take more responsibility over their money and in order to do that, people will need to be educated on a multitude of levels.  We can't expect people to get it by osmosis.  There is a long, exciting road ahead for crypto currencies and I'm just glad to be a part of it. I look forward to seeing the change that this is going to bring to the lives of so many people.  Monetary freedom.  Who would have thought such could even be possible? 

[saddambitcoin]

Thanks for the advice everyone.

I bought some back today.  If the price goes up, great.  If it drops, I'll buy back the rest. 

Am I an idiot?  Yes. 

[GriTBitS]

Thanks for the advice everyone.

I bought some back today.  If the price goes up, great.  If it drops, I'll buy back the rest. 

Am I an idiot?  Yes. 

Sounds Great!