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ScrapOfCat
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December 08, 2013, 06:01:47 AM |
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My 2 bits I bought during the last run-up, purchasing my last coins at 249. I believe it was that very evening that the crash happened. Then I made the biggest mistake I've made so far. I got bummed out about the crash, lost some of my short term faith in bitcoin, and didn't see the resulting low prices as a buying opportunity. Instead, I slunk off to lick my wounds and pay down debt. I can't tell you how much I wish I had $2000 of that debt remaining, and $2000 worth of <100 coins.  With that said, I believe that every single person that didn't buy at <1 wishes they had bought them cheaper. I've decided to be happy that I bought any at all. |
Squander electricity on piffle: 1CLQajy22Z2n9YjZurFfPaKApcqsQa8BzK
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pand70
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December 08, 2013, 06:05:54 AM |
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I can't see the part that you are glad that you bought at 1000$.
I mean you jumped on the wagon so gj anyway but still...
#sarcasm  Oh ok. With all the shit that's going on with the price lately it seems that i 'm losing my sense of humor  |
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BryanK (OP)
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December 08, 2013, 06:10:13 AM |
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I can't see the part that you are glad that you bought at 1000$.
I mean you jumped on the wagon so gj anyway but still...
#sarcasm Oh ok. With all the shit that's going on with the price lately it seems that i 'm losing my sense of humor |
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bitkoinz
Newbie
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Activity: 28
Merit: 0
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December 08, 2013, 08:55:31 AM |
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i bought in at 1240 FTW.....j/k
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libity
Newbie
Offline
Activity: 33
Merit: 0
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December 08, 2013, 09:12:59 AM |
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I have a few coins bought near the top and missed fridays action as I was out and not near a computer. My feeling now is to hold and not try and trade at these swings at the bottom. It's temping because theres been some big bounces, but if I called it wrong (which happens often), I'd really be kicking myself. If you've got extra cash you can afford to invest, buying more coins to lower your average coin cost might not be a bad idea.
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notserp
Legendary
Offline
Activity: 2240
Merit: 1001
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December 08, 2013, 09:21:00 AM |
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dont feel bad, i sold 30,000 btc @ 140. patience is a virtue
ouch |
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DPoS
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December 08, 2013, 09:42:19 AM |
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That's actually kind of true, when the stock market imploded in 2008 I was too lame to sell anything so I just kept putting money in as usual because I was too depressed to change the allocations.
Made a lot. of. money. on that fail.
C
unless you sold  , you ain't make shit! |
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sumantso
Legendary
Offline
Activity: 1050
Merit: 1000
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December 08, 2013, 09:47:25 AM |
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dont feel bad, i sold 30,000 btc @ 140. patience is a virtue
Patience for? Waiting to buy back at $100 or two digits? |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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December 08, 2013, 10:11:51 AM |
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dont feel bad, i sold 30,000 btc @ 140. patience is a virtue
Did you sell in an exchange? Did you manage to withdraw the money quickly and hassle free? I always wonder how easy is to cash out that kind of money considering how shitty are Gox and Bitstamp. |
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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December 08, 2013, 10:17:33 AM |
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dont feel bad, i sold 30,000 btc @ 140. patience is a virtue
Patience for? Waiting to buy back at $100 or two digits? Noone expected bitcoin to rise that high. It was clever to sell @ 140$ You can't blame him. Most of us would have done the same with 30K Coins bought @ 0.01$ or mined. The profit is huge. Don't let greed cloud your judgment or you will never realize a profit. |
< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
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zby
Legendary
Offline
Activity: 1592
Merit: 1001
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December 08, 2013, 10:20:57 AM |
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Ok. So this is exactly how I figure it would happen. As soon as I buy, its going to go down... I bought in at 1009. Bought 1.3 BTC ~ 1350 (after fees) With my trading experience I know that its best to keep buying as the stock falls to lower your average share cost.
So I am thinking here, Should I buy 1.3+btc to lower my average cost with the BTC price so low? Think it'll go back up?
If you are 'so glad' - then why you are asking questions? |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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December 08, 2013, 10:21:22 AM |
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My 2 bits I bought during the last run-up, purchasing my last coins at 249. I believe it was that very evening that the crash happened. Then I made the biggest mistake I've made so far. I got bummed out about the crash, lost some of my short term faith in bitcoin, and didn't see the resulting low prices as a buying opportunity. Instead, I slunk off to lick my wounds and pay down debt. I can't tell you how much I wish I had $2000 of that debt remaining, and $2000 worth of <100 coins. With that said, I believe that every single person that didn't buy at <1 wishes they had bought them cheaper. I've decided to be happy that I bought any at all. I didn't bought a <1 but I'm very happy about the price I bought in. Do you know why? Because I bought immediately after first reading about BTC, after a session of 24 hours reading about it non stop - so I got the best possible price considering when I first discovered BTC. Additionally, I increased my stash after the April crash, by both day trading a little and by buying more with fresh funds. Four months later I first bought in, BTC was worth 20 times more; now it is worth 60 times more. Plus, I was very lucky with LTC, and MSC is doing quite well too. I don't know how I could wish anything different than I have. I don't know what you guys do for a living, but seeing an investment growing by 60-100 fold in one year is science fiction in the real world. |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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December 08, 2013, 10:22:15 AM |
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dont feel bad, i sold 30,000 btc @ 140. patience is a virtue
Patience for? Waiting to buy back at $100 or two digits? Don't let greed cloud your judgment or you will never realize a profit. Good advice. |
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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December 08, 2013, 10:35:06 AM |
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Remember all the people who bought at $31 in 2011?
Remember all the people who bought at $266 in April 2013?
Well this guy here totally missed the top buy opportunity at $1240! And since he bought whole 20% lower, from this he could recover in a month; ATH can take longer |
i am satoshi
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ScrapOfCat
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December 08, 2013, 10:44:00 AM |
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Remember all the people who bought at $31 in 2011?
Remember all the people who bought at $266 in April 2013?
Well this guy here totally missed the top buy opportunity at $1240! And since he bought whole 20% lower, from this he could recover in a month; ATH can take longer ROFL. Those who took advantage of the opportunity to buy at 1240, and subsequently had the wisdom to not panic, will be ecstatic when it hits 5k. |
Squander electricity on piffle: 1CLQajy22Z2n9YjZurFfPaKApcqsQa8BzK
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CounterStrike
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December 08, 2013, 10:52:17 AM |
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dont feel bad, i sold 30,000 btc @ 140. patience is a virtue
Ouch but its still 4 million USD!!!! |
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sumantso
Legendary
Offline
Activity: 1050
Merit: 1000
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December 08, 2013, 10:57:08 AM |
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dont feel bad, i sold 30,000 btc @ 140. patience is a virtue
Patience for? Waiting to buy back at $100 or two digits? Noone expected bitcoin to rise that high. It was clever to sell @ 140$ You can't blame him. Most of us would have done the same with 30K Coins bought @ 0.01$ or mined. The profit is huge. Don't let greed cloud your judgment or you will never realize a profit. Where do you see the blame? It was a curious question - thats all. He said patience is a virtue. I was wondering if it means he is waiting to buy back in lower. |
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