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Author Topic: sold at $600. what to do?  (Read 7173 times)
CryptStorm
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November 22, 2013, 09:57:11 PM
 #81

1) The news storm is drying up and everyone is back to (t)werk; (COMPOSITE DATA)

Nope, it took me 2 months before I put money in. The demand peak might be 2 weeks from now probably

Great, but supply and demand are FUNDAMENTAL DATA, not composite. And, I tend to agree with you the fundamentals are extraordinary. (But that has nothing to do with the OPs question)

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davider
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November 22, 2013, 10:01:05 PM
 #82

I suspect now is the time when Bitcoin will start to be driven by companies building on top of bitcoin. But remember, there is a great deal of world out there we need to bring the gospel of bitcoin to. Not just the states.

I agree. It's important to build on top of that in order to simplify the use and reach a larger audience.
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November 22, 2013, 10:14:30 PM
 #83

i freaked out and sold a large portion of my coins around $600, suspecting the price would continue to oscillate between $400-700 for a couple weeks... (i know)

do I

A) wait it out hoping for a better price to get back in
B) take a loss and buy back in at $750
C) ??

thanks guys

Invest 30% NOW.  

If it gains, you'll get to ride it with at least a little coin, and you can rebalance as desired on the way up.  

If it falls, invest 10% more every 10% drop till you reach your target allocation %.  

Once at your target %, trade using your desired strategy, hopefully incorporating the "never sell all" lesson you've learned.  

For me, that means never go below 70%, buy with a % of your remaining cash when it drops a certain %, sell on the rebound to break even at a lower price, and rebalance on the way up for ATHs.  This makes volatility a great thing instead of something to be feared, and you still get your long-term benefits if it's just up up up.
CryptStorm
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November 22, 2013, 10:16:22 PM
 #84

Careful, it's wicked close man!

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

About to pull trigger.

Someday, I will have an avatar, maybe.
UnDerDoG81
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November 22, 2013, 10:18:22 PM
 #85

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 Grin

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.

1AUtiWsrmLvDZ12MQdYfAWSM3CdwhMeoeX
CryptStorm
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November 22, 2013, 10:18:51 PM
 #86

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.)

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huadylmate
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November 22, 2013, 10:23:53 PM
 #87

Given the bitcoin attention last days, I dont believe buying can go wrong.
bitleif
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November 22, 2013, 10:34:26 PM
 #88

@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
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November 22, 2013, 10:40:06 PM
 #89

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 Grin

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?   Huh

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CryptStorm
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November 22, 2013, 10:46:31 PM
 #90

OK, fucking buy, dude!

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Coinseeker
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November 22, 2013, 10:57:21 PM
 #91

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 Grin

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?   Huh


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. 

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bitcon
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November 22, 2013, 11:53:45 PM
 #92

i wonder if he bought back before it hit 800


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wobber
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November 22, 2013, 11:59:08 PM
 #93

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?

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superkawaii
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November 23, 2013, 12:05:30 AM
 #94


Wonder if there's a Baidu.com trends
wobber
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November 23, 2013, 12:07:09 AM
 #95

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

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beetcoin
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November 23, 2013, 12:11:05 AM
 #96

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."
John999
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November 23, 2013, 12:21:49 AM
 #97

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."

+1
zengryT
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November 23, 2013, 12:23:09 AM
 #98

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

Not managing signature campaigns anymore.
GriTBitS
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November 23, 2013, 12:28:53 AM
 #99

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.

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November 23, 2013, 12:33:23 AM
 #100

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.
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