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Author Topic: I've cashed out but this is not the end.  (Read 5465 times)
wobber
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December 26, 2013, 07:43:39 PM
 #61

There's a strong apparent upswing occurring on all charts; if think we've seen this bottom. I'm back in!

By taking this step unfortunately I have lost some bitcoin.

you mean you sat on too much fiat too long Smiley

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DavidZ (OP)
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December 26, 2013, 07:57:17 PM
 #62

There's a strong apparent upswing occurring on all charts; if think we've seen this bottom. I'm back in!

By taking this step unfortunately I have lost some bitcoin.

you mean you sat on too much fiat too long Smiley

Correct. Mr Market is waking up to how unsound fiat currency is and is demanding an alternative.
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December 26, 2013, 09:39:26 PM
 #63

Glad to see you have better judgement than to stubbornly wait for the price to go your way. Because it might never do that.

i am satoshi
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December 27, 2013, 07:14:12 PM
 #64

David, you have got to stop shooting your toes off, before you know it you won't have any feet left. The last thing you want to do is buy and sell based on emotion. There was nothing to indicate a run back to $1k. The Indian exchange closings and impending China exchange closings indicate we will see cheap coins soon. This is using common sense not emotion. Don't listen to the extreme bears saying $10 coins next year any more than the extreme bulls saying expect wall street money to fuel a run up soon. Both are very unlikely, what is likely is the result of using common sense with what is going on currently in BTC news. Common sense is that was a brief run to $750 now down she goes. Pick a position and stick with it.
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December 28, 2013, 07:04:00 PM
 #65

I have cashed out also.
I read Rpietila's writings and he is saying we will have pretty low prices ahead (300-400 USD).
I have been following BTC for some time - despite I am new in the forum - so I see this exactly the same as last spring/summer. Now the price is down-trend and it should really find the strong support level that we need to rest for some time before BitCoin is ready to go to the moon.
There are plenty of money being made if you just now sell your coins and waite that all the others are following you and then rebuy them 50 % lower. It means, you get with the same fiat 100 % more coins and as the price restarts to climb up, you have twice as many coins as you would otherwise have.  Cool
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December 28, 2013, 08:16:37 PM
 #66

you have twice as many coins as you would otherwise have.  Cool

Unless the price does not go down and you have no coins and feel pretty damn stupid, you know.

i am satoshi
nobbynobbynoob
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December 28, 2013, 08:20:32 PM
 #67

you have twice as many coins as you would otherwise have.  Cool

Unless the price does not go down and you have no coins and feel pretty damn stupid, you know.

As in, never go full fiat. Smiley

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silverston
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December 28, 2013, 08:28:48 PM
 #68

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T.Stuart
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December 28, 2013, 08:51:44 PM
 #69

I have cashed out also.
I read Rpietila's writings and he is saying we will have pretty low prices ahead (300-400 USD).
I have been following BTC for some time - despite I am new in the forum - so I see this exactly the same as last spring/summer. Now the price is down-trend and it should really find the strong support level that we need to rest for some time before BitCoin is ready to go to the moon.
There are plenty of money being made if you just now sell your coins and waite that all the others are following you and then rebuy them 50 % lower. It means, you get with the same fiat 100 % more coins and as the price restarts to climb up, you have twice as many coins as you would otherwise have.  Cool

It must be nerve-wracking not knowing if you'll be able to buy in cheaper before the New Year  Grin

                                                                               
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Odalv
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December 28, 2013, 10:05:07 PM
 #70

I have cashed out also.
I read Rpietila's writings and he is saying we will have pretty low prices ahead (300-400 USD).
I have been following BTC for some time - despite I am new in the forum - so I see this exactly the same as last spring/summer. Now the price is down-trend and it should really find the strong support level that we need to rest for some time before BitCoin is ready to go to the moon.
There are plenty of money being made if you just now sell your coins and waite that all the others are following you and then rebuy them 50 % lower. It means, you get with the same fiat 100 % more coins and as the price restarts to climb up, you have twice as many coins as you would otherwise have.  Cool

I'm thinking there is 99.999% probability that bitcoin will be worth $1,500 quite soon but only 5% probability that you will able to buy at $350.

EDIT:
Every holder will double his investment but only half of seller can buy 2 times more.
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