Sold part of my bitcoins

[danielW]

...Some time 2 days ago at 1050,

bought back now at $830.

Now watch me be a winner 

[Syke]

...Some time 2 days ago at 1050,

bought back now at $830.

Now watch me be a winner 

Nicely played.

[Edward50]

Its a crazy risky speculative bet which you will most likely lose.

The downside risk and correction risk are so huge right now.

The price is largely manipulated, and when these manipulators let the price go it falls back to sustainable levels which will be under $ 200.

 You will see a controlled drop and weak demand. Should just sit it out and wait until the price stabilizes.

[danielW]

I really find it hard to see the price dropping below $500. There is no rational reason for the price drop today, its just fear.


Only traded with a small stack of my bitcoins btw too risky too trade with more.

[fred1111]

...Some time 2 days ago at 1050,

bought back now at $830.

Now watch me be a winner 

You won this time, maybe next time you will be a trapped bear. Watch me be an uncurable bull

[Edward50]

I really find it hard to see the price dropping below $500. There is no rational reason for the price drop today, its just fear.


Only traded with a small stack of my bitcoins btw too risky too trade with more.

The $1000 price was just totally crazy and unsustainable to begin with, only pumped up by wealthy market players to coincide with all the news and a way for them to pump and dump their bitcoins.

Who in the right mind would pay $500 or more for a bitcoin. Since the pumpers are obviously out of the market you will see a slow and steady drop to below $200.
It amazes me how people think a bitcoin has a worth of $500, there are millions of these things floating around and only a few people that would ever pay that much for them.

A price drop signals a bad sign and a reason to get out not to buy and try and make money.

[wasserman99]

i sold a bunch on the bounce, awaiting further fall. hopefully i'm right.....

[oser41eric]

The $1000 price was just totally crazy and unsustainable to begin with, only pumped up by wealthy market players to coincide with all the news and a way for them to pump and dump their bitcoins.

Who in the right mind would pay $500 or more for a bitcoin. Since the pumpers are obviously out of the market you will see a slow and steady drop to below $200.
It amazes me how people think a bitcoin has a worth of $500, there are millions of these things floating around and only a few people that would ever pay that much for them.

A price drop signals a bad sign and a reason to get out not to buy and try and make money.

Funny, why you did not come with this one week ago ?
And who in the right mind would pay $100 or more for a bitcoin (with your logic) ?

[JimboToronto]

The $1000 price was just totally crazy and unsustainable to begin with, only pumped up by wealthy market players to coincide with all the news and a way for them to pump and dump their bitcoins.

I have to call BS on that.

If you actually look at the numbers, you'll see that the big manipulator volume spikes have almost always come on dumps, attempts to panic the market into selling down into their preset lower bids, netting more coins.

After the market steadily climbs its way back up on moderate volume to above where it started, they do it again.

It's the suckers who sell, extending the dump, who get fleeced.

[btcprice]

I really find it hard to see the price dropping below $500. There is no rational reason for the price drop today, its just fear.


Only traded with a small stack of my bitcoins btw too risky too trade with more.

The $1000 price was just totally crazy and unsustainable to begin with, only pumped up by wealthy market players to coincide with all the news and a way for them to pump and dump their bitcoins.

Who in the right mind would pay $500 or more for a bitcoin. Since the pumpers are obviously out of the market you will see a slow and steady drop to below $200.
It amazes me how people think a bitcoin has a worth of $500, there are millions of these things floating around and only a few people that would ever pay that much for them.

A price drop signals a bad sign and a reason to get out not to buy and try and make money.

Who in their right mind would pay more than $500? Me! I just sold part of my stash for $900.

Damn it's good to be king!

[kireinaha]

I sold some of my tulips I mean bitcoins too, at the $1000 level. I was starting to question myself for a few days but feel better now. Just going to wait for the big dip this weekend before I buy anymore.

[reactive4ce]

It's the suckers who sell, extending the dump, who get fleeced.

They have to learn the hard way how things works. Rude, but true

[JimboToronto]

It's the suckers who sell, extending the dump, who get fleeced.

They have to learn the hard way how things works. Rude, but true

This is why I tend to think of bears as being younger and less experienced than bulls.

[zimmah]

sold some on €707, bought back a few on €650, but price started to climb again so i bought back at €700. only made a very small profit from that.

after that the price rose to €730 for a while but then dropped to €650 (which was by the way my initial sell order, before i put the €700 order).

well, at least i did make a little bit of profit.

[stromma44]

sold some on €707, bought back a few on €650, but price started to climb again so i bought back at €700. only made a very small profit from that.

after that the price rose to €730 for a while but then dropped to €650 (which was by the way my initial sell order, before i put the €700 order).

well, at least i did make a little bit of profit.

I would say you was lucky this time. Buying back with a loss hurts, I had to do it and no thanks anymore

[Edward50]

Sell your recently bought $830 bitcoins before its too late!

[revans]

Sell your recently bought $830 bitcoins before its too late!

Too late

[Edward50]

Sell your recently bought $830 bitcoins before its too late!

Too late

Its crashing faster!, I warned him above that he was crazy. Its down to $755 on Gox and dropping like bricks!