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evolve (OP)
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December 07, 2013, 02:36:09 AM |
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Make sure your trading strategy is tight; go in with a plan and don't trade on emotion.
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chrsjrcj
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December 07, 2013, 02:36:48 AM |
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And hope your exchange doesn't lag.
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evolve (OP)
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December 07, 2013, 02:37:58 AM |
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You shouldnt be making market orders anyways...set limit orders at your entrance and exit points and the lag wont matter.
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GeniuSxBoY
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December 07, 2013, 02:39:12 AM |
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And hope you are exchange doesn't lag.
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Be humble!
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chrsjrcj
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December 07, 2013, 02:44:29 AM |
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And hope you are exchange doesn't lag.
Relax.  There's a lot of excitement going on right now. |
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im3w1l
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December 07, 2013, 03:14:59 AM |
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And hope your exchange doesn't lag.
Don't leave this thing to hope |
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bitcon
Legendary
 Offline
Activity: 2212
Merit: 1008
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December 07, 2013, 03:19:10 AM |
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and hopefully your accumulasted fiat wont one day become toilet paper.
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PenAndPaper
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December 07, 2013, 03:21:43 AM |
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What tight strategy do you mean? To bet where the crash will land? Because with the price all over the place you can't have any strategy whatsoever.
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antimattercrusader
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December 07, 2013, 03:37:20 AM |
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and hopefully your accumulasted fiat wont one day become toilet paper.
Indeed, which is exactly why I've been investing in physical items/assets with my bitcoin/altcoin trading gains. Not paper fiat. Hopefully I'll be able to use my purchases to start a new business within the next few months. We shall see. One things for sure, if I do, I'll be accepting BTC/LTC/PPC. |
BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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evolve (OP)
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December 07, 2013, 03:41:44 AM |
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What tight strategy do you mean? To bet where the crash will land? Because with the price all over the place you can't have any strategy whatsoever.
You certainly can have a strategy. No, you don't try to catch the bottom or top; you trade within an established trading range for whatever time period you are working with, figuring out an entry point, exit point, and a bailout point if the trade starts to go belly up. |
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evolve (OP)
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December 07, 2013, 03:43:03 AM |
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and hopefully your accumulasted fiat wont one day become toilet paper.
Pretty sure BTC runs the same risk. That said, I accumulate both through trading. Whether I am in USD or BTC depends on the current state of the market, and can vary from hour to hour. |
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PenAndPaper
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December 07, 2013, 03:46:50 AM |
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and hopefully your accumulasted fiat wont one day become toilet paper.
Indeed, which is exactly why I've been investing in physical items/assets with my bitcoin/altcoin trading gains. Not paper fiat. Hopefully I'll be able to use my purchases to start a new business within the next few months. We shall see. One things for sure, if I do, I'll be accepting BTC/LTC/PPC. Good for you but your limiting your buyers by a lot that way since the chinese can't buy anything with bitcoins. |
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EvilPanda
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December 07, 2013, 04:03:18 AM |
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Good for you but your limiting your buyers by a lot that way since the chinese can't buy anything with bitcoins.
They prefer to flood the world with worthless, cheap, fake crap and buy bitcoins. |
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HeliKopterBen
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December 07, 2013, 04:07:13 AM |
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Didn't you start calling for a crash at 17?
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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AnonyMint
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December 07, 2013, 04:14:51 AM |
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It really peaked out at $1200. Twin peaks. And the giddy rush in about China. I think that pretty much sucked the greater fools for the time being. Probably headed below $500 and take a while to rebuild the moment again. My 2 cents. |
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evolve (OP)
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December 07, 2013, 04:17:57 AM |
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Didn't you start calling for a crash at 17?
Nope. I said a second bubble was forming at @ $17 (and was right). I also said the subsequent crash would take us to singles, which was wrong, and I acknowledged that in my "bear market" thread at the beginning of the third bubble. I also said I expected this one to reach at least 400-500 (which turned out to be true). So whats your point? |
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501
Newbie
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Activity: 28
Merit: 0
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December 07, 2013, 04:29:34 AM |
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Just placed a buy order for 1000 btc at $100. Come on panic sellers, let's make this happen!
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HeliKopterBen
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December 07, 2013, 04:35:17 AM |
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Didn't you start calling for a crash at 17?
Nope. I said a second bubble was forming at @ $17 (and was right). I also said the subsequent crash would take us to singles, which was wrong, and I acknowledged that in my "bear market" thread at the beginning of the third bubble. I also said I expected this one to reach at least 400-500 (which turned out to be true). So whats your point? My point is this is not where the money is made, at least not the best money (so far in this market). Someone buying in two weeks ago would have gotten a better price. Sure an experienced trader can pick up a few bucks at times like this but this thread would have been much more relevant two months ago when the price was 140. |
Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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evolve (OP)
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December 07, 2013, 04:46:59 AM |
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My point is this is not where the money is made, at least not the best money (so far in this market). Someone buying in two weeks ago would have gotten a better price. Sure an experienced trader can pick up a few bucks at times like this but this thread would have been much more relevant two months ago when the price was 140.
Money from daytrading comes from volatility, so this is exactly where money is made. A hypothetical persons unrealized gains from buying and holding are pretty irrelevant in a daytrading thread, IMO. |
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