Let us take a moment to laugh at the BTC day traders.

[7Priest7]

lmao... didn't you start this thread with the intent of mocking day traders? That's not insulting?

Come on, if you're willing to dish it out you've got to be prepared to handle the blow back.

Are you illiterate?
I never stated his comments bothered me,
they made me lol, they certainly didn't bother me.

I ignored him as he resorted to vulgarity,
vulgarity is the refuge of the poorly educated.
I have no desire to waste my time reading such dribble.

[1715154567]

1715154567

[1715154567]

1715154567

[MAbtc]

lmao... didn't you start this thread with the intent of mocking day traders? That's not insulting?

Come on, if you're willing to dish it out you've got to be prepared to handle the blow back.

Are you illiterate?
I never stated his comments bothered me,
they made me lol, they certainly didn't bother me.

I ignored him as he resorted to vulgarity,
vulgarity is the refuge of the poorly educated.
I have no desire to waste my time reading such dribble.

Calling us "low intelligence" and "fools" was vulgar, no? Perhaps just ridiculous...

[Ibian]

Vulgarity is fucking nice once in a while.

I don't get the point of this thread. And others like it. The market needs traders, it also needs holders, and it needs people who fail at trying to make a profit. It's not either or, it wouldn't work without all the components.

[mistress_magpie]

I have a rule with my bitcoin - put only labour in, take only goods and services out.

This has been going very well! But I did download a chart app - watching the fluctuations has gotten me comfortable and accepting of them - I check the value of my bitcoins in fiat less and less.

[evolve]

You have been ignored and reported.

HAHAHAHAHAHAHA!!! Are you serious?


Let us take a moment to laugh at 7priest7's shitty posting and inability to take criticism for his stupid thread.

[favelle75]

To recap recent events,
A few news stories brought attention to BTC,
The BTC price skyrocketed a few times to ~$1200USD,
The day traders thought BTC was stock and sold in panic.
No surprise to the BTC enthusiasts the price has rebounded to above $1,000USD per BTC.

Let us all take a moment to laugh out loud at these day traders.
BTC is not the stock market.
I suspect quite a few of these low intelligence day traders pulled out at or below the cost they paid to get in.
If you were one of the fool day traders who sold your BTC for less than what you paid,
please post here so we can publicly ridicule you.

Let's ridicule me for a moment.
I had 10 bitcoins I sold for $9200 when they were at $920 each.
Bitcoin dropped to $650 and I bought 14 bitcoins back and had some spare change.
Now those bitcoins are back up to $850 each, netting me approx. $11,900 - That's $2700 profit, correct? If it goes back up to $950, which it was at recently, that would mean a $4100 profit, right?

Poor lil' 'ol me. I'm such a fool.

LOL.. the op won't understand that dribble. His thoughts are much too refined and elegant for such things...

[favelle75]

You have been ignored and reported.

HAHAHAHAHAHAHA!!! Are you serious?


Let us take a moment to laugh at 7priest7's shitty posting and inability to take criticism for his stupid thread.

Moment taken...

[Bitcoin BEAR]

Wow! Someone got some sand in her vagina
So much butt hurt in this thread, it's quite funny to me... A day trader!

If you knew anything about market forces, you wouldn't have bought the top, and you wouldn't be down 30% of your investment. That is your problem, not the "stupid traders". Quit stomping your feet like a child throwing a tantrum, and suck it up as lesson learned. Besides, according to the Bulls in this forum, it can only go up... ALWAYS! 
Soon you'll be rich, and everything will be righteous.

The fact is; You are weak. I am strong. It takes losers like you, so winners like me continue winning. The sooner you get that through that narrow opening in your mind, the sooner you will be at peace in accepting this truth.

[FionnMac]

I'm choosing to use my first post to say just how pathetic OP is. And I'm a staunch buy/holder

[PenAndPaper]

A Day trader wouldn't of sold it all off... if they sold at $1200 they bought it all back at 700... that's what day trading is, multiple trade's back and fourth in a day to make money off the coins...

Anyone who bought a bunch at $1200 and than sold it off at $700 in a panic is NOT a day trader, they would be a clueless noob..

It's always easy to call people clueless only after the great ups and downs are finished 

[TERA]

I bought at 120
sold at 230
bought at 180
sold at 380
bought at 300
sold at 800
bought at 500
sold at 1100
bought at 900
sold at 1000
bought at 580
sold at 1000

but ok go ahead and laugh at me

[Speakeron]

I don't get the day-trader hate.

Should they not be allowed to buy and sell Bitcoin at any rate they choose?

They buy and sell BTC to just buy and sell BTC.
They simply detract from the goal of BTC to be a currency.

They don't contribute to BTC in general.

Day traders most certainly do help bitcoin in general by reducing volatility and aiding price discovery. They do this by trading arbitrage opportunities (arbitrage being any case in which a price is out of sync with its true value) and help drive the price closer to its correct value.

Funny thing is...

Hate to break it to you, but we're all gambling on the future of bitcoin. It could crash to $1 tomorrow on some type of devastating news, and a lot of people would lose a lot of money.

Not true, I have mined/earned all my BTC.
I lose nothing if BTC plummets.
I use the electricity that comes free with my rent.

I hope BTC flourishes into a useable currency,
but if it doesn't I will not lose anything.

You're doing exactly the same thing. You're arbitraging your electricity costs (i.e. it's under its true value in your situation). This probably won't have any affect because the rent market is inefficient in this case, but if enough people did this, your rent would rise to its 'true' cost.

[ScrapOfCat]

I don't want to trade, so I'll laugh at the traders.
I don't want to spend, so I'll laugh at the spenders.
I don't want to hoard, so I'll laugh at the hoarders.
I only believe in the purity of the idea of bitcoin, so I'll laugh at the rabble and their desire to have something as useless as money.

[Essex343]

down with money!

[PrintMule]

I rarely get really pessimistic about btc's long term prospect, but the thought that a substantial portion of investors and (judging by the name of our forum) speculators have a kindergarten-level understanding of markets and market participants scares me.

You should be happy not scared; if not for them, we would not get this nice wide swings. So I welcome everyone's desire to figure out how the world works the hard way, by own experience. If we only got professional market participants here, bitcoin would just be a boring stable slowly deflating currency, not the mad rollercoaster which throws money at anybody with half a brain as it is now.

Your post has so much win. You have essentially nailed the system we have.
Also I've made so many bad decisions with btc and the rollercoaster is still throwing money in my face.

If you feel one my posts was helpful/insightful/useful/enlightening, consider donating whatever you feel the post was worth to 1ALS16NhCh8szSYoQzrWxGyeEHovP8YF8E
Thanks

Your posts gave me cancer, I'm donating -5BTC.

Lol, my thoughts exactly.



Fun thread We need more pictures.

[Romyen]

I'm curious about this profession; what does day trading provide to society?

Market liquidity.
Or so it is said... somehow I doubt your sincerity.

I believe that bitcoin volatility is in part caused by a lack of market liquidity, although there are other factors causing it as well. Bitcoin suffers from low liquidity in exchange to either fiat or altcoins. Day traders, even the bad ones, subsidize the exchanges, thereby making it easier for others to trade coins quickly at a steady price.

[davidgdg]

Stop trying to play the system with your weird charts, super cool phrases, hip and trendy prediction skills ...

Indeed, no mathematical forecasting method can possibly work.  The price of a bitcoin depends only on what the buyers and sellers think that it is worth, which in turn depends on what they think that other people may think it is worth in the future, and so on.  There is no data or thery that can bear on that, 

In the end, the only winners will be those who bought and held long term.

In the end the winners will be those who sold their bitcoins for more $$ than they paid for them (plus exchange fees, bank fees, etc.).  The losers will be those who did the opposite.

No. The true winners will not be those who "sold" their bitcoins. The true winners will be the ones who get to spend them.

[oda.krell]

I'm choosing to use my first post to say just how pathetic OP is. And I'm a staunch buy/holder

liar! that's your 2nd post already!

[7Priest7]

I bought at 120
sold at 230
bought at 180
sold at 380
bought at 300
sold at 800
bought at 500
sold at 1100
bought at 900
sold at 1000
bought at 580
sold at 1000

but ok go ahead and laugh at me

I'm sure Mt.Gox appreciates your contributions to their early retirement funds.

[TERA]

I bought at 120
sold at 230
bought at 180
sold at 380
bought at 300
sold at 800
bought at 500
sold at 1100
bought at 900
sold at 1000
bought at 580
sold at 1000

but ok go ahead and laugh at me

I'm sure Mt.Gox appreciates your contributions to their early retirement funds.

ewww I wasn't trading on GOX. I was trading on btce and bitfinex, with 0.2% and 0.1% fees respectively. Also, the trades in November were 2x leveraged