TERA
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February 25, 2014, 11:50:57 AM |
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I did buy. I bought $400, but just sold $520. I will rebuy on 4 hour macd.
Why are you not already richer than me? I've only been in bitcoin for almost a year and I started with a VERY small deposit. It was supposed to be just for fun and to experiment with arbitrage (which never happened).
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MatTheCat
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February 25, 2014, 02:00:59 PM |
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I did buy. I bought $400, but just sold $520. I will rebuy on 4 hour macd.
Why are you not already richer than me? I've only been in bitcoin for almost a year and I started with a VERY small deposit. It was supposed to be just for fun and to experiment with arbitrage (which never happened). Fuck me. Despite Bitcoin doing pretty much what I said it would do I have done pretty shite with the trades. Came out my $626 short at $550, fearing yet another Bitcoin retard rally eating into my profits, then watched the price slip to $500 cursing myself every step of the way. I then went to bed setting 60 BTC worth of buy-ins at $390 ($391.34, to be precise). No staggered buy-in tranches or nothing, just all or nothing bet. Woke up and Bitcoin was back at $500. Turns out I missed 'all' by $8.66, so got nothing. I am way too overly impulsive to really make a good trader and this demonstrates exactly the sort of school-boy error that I am destined to repeat and repeat ad infinitum. Give me a shout when you are next weighing up entering the market if you would! (like when u feel certain about a trade as opposed to the addictive impulsive bets that we all partake in, despite the fact they normally come to nothing and/or lose us money).
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seleme
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February 25, 2014, 02:06:21 PM |
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I did buy. I bought $400, but just sold $520. I will rebuy on 4 hour macd.
Why are you not already richer than me? I've only been in bitcoin for almost a year and I started with a VERY small deposit. It was supposed to be just for fun and to experiment with arbitrage (which never happened). you bought some at 400$ but that's far away from your entry as you said your first hits were around 460-470 and you said you bought bunch at 450 as you thought that's local bottom.
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hdbuck
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February 25, 2014, 02:07:56 PM |
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I did buy. I bought $400, but just sold $520. I will rebuy on 4 hour macd.
Why are you not already richer than me? I've only been in bitcoin for almost a year and I started with a VERY small deposit. It was supposed to be just for fun and to experiment with arbitrage (which never happened). Fuck me. Despite Bitcoin doing pretty much what I said it would do I have done pretty shite with the trades. Came out my $626 short at $550, fearing yet another Bitcoin retard rally eating into my profits, then watched the price slip to $500 cursing myself every step of the way. I then went to bed setting 60 BTC worth of buy-ins at $390 ($391.34, to be precise). No staggered buy-in tranches or nothing, just all or nothing bet. Woke up and Bitcoin was back at $500. Turns out I missed 'all' by $8.66, so got nothing. I am way too overly impulsive to really make a good trader and this demonstrates exactly the sort of school-boy error that I am destined to repeat and repeat ad infinitum. Give me a shout when you are next weighing up entering the market if you would! (like when u feel certain about a trade as opposed to the addictive impulsive bets that we all partake in, despite the fact they normally come to nothing and/or lose us money). fell you bud. but keep trying & at least you got 60BTCs potentially
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MatTheCat
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February 25, 2014, 02:10:57 PM |
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fell you bud. but keep trying & at least you got 60BTCs potentially That has always been my aim tbh. To keep my capital intact for when market reverses. Trading a bear market is no mean feat. By definition, far easier to lose money than to make money.
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seleme
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February 25, 2014, 02:19:15 PM |
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fell you bud. but keep trying & at least you got 60BTCs potentially That has always been my aim tbh. To keep my capital intact for when market reverses. Trading a bear market is no mean feat. By definition, far easier to lose money than to make money. Your main problem is that all your trades are made with a goal of making USD, not BTC. Set yourself to maximize your BTC and even in bear market you at least cover some of your net worth loss, and with each new rally or mini rally that net worth loss turns to net gain. Rpietilla didn't buy that castle before he acquired enough BTC to be worth of it when sold at good point. But to do that and feel comfortably you need to actually believe BTC real value is higher than 100 USD or so
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hdbuck
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February 25, 2014, 02:23:10 PM |
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fell you bud. but keep trying & at least you got 60BTCs potentially That has always been my aim tbh. To keep my capital intact for when market reverses. Trading a bear market is no mean feat. By definition, far easier to lose money than to make money. Your main problem is that all your trades are made with a goal of making USD, not BTC. Set yourself to maximize your BTC and even in bear market you at least cover some of your net worth loss, and with each new rally or mini rally that net worth loss turns to net gain. But to do that and feel comfortably you need to actually believe BTC real value is higher than 100 USD or so yesterday i shotred 35 BTC and bought back today 45 BTC @470$ (was a little bit late cuz asleep).. but now im not sure at what price to short again
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seleme
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February 25, 2014, 02:25:42 PM |
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fell you bud. but keep trying & at least you got 60BTCs potentially That has always been my aim tbh. To keep my capital intact for when market reverses. Trading a bear market is no mean feat. By definition, far easier to lose money than to make money. Your main problem is that all your trades are made with a goal of making USD, not BTC. Set yourself to maximize your BTC and even in bear market you at least cover some of your net worth loss, and with each new rally or mini rally that net worth loss turns to net gain. But to do that and feel comfortably you need to actually believe BTC real value is higher than 100 USD or so yesterday i shotred 35 BTC and bought back today 45 BTC @470$ (was a little bit late cuz asleep).. but now im not sure at what price to short again I'm not sure either.. I made 50-60 BTC on this drop as it was obvious we are going down but usually I'm shit in trading BTC vs USD and made90% of my BTC trading alts, shares etc.. I'll probably not trade BTC I bought vs USD in last 3-4 days anymore, I don't feel comfortably selling at these prices. Hopefully some cheap alt opportunity will come these days.
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MatTheCat
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February 25, 2014, 02:27:23 PM |
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But to do that and feel comfortably you need to actually believe BTC real value is higher than 100 USD or so What are you talking about? BTC, USD, it is all just numbers. When I trade, I am looking to increase my numbers. Since USD is what I can most readily convert into EUR or GBP, that is my main priority. 2 months ago, 1 BTC would have (almost) bought me 1 Oz gold coin. Now I would need more than 2 BTC to buy me that same 1 Oz gold coin. Bitcoin is not a store of wealth. It is a wildly volatile and risky speculative gamble. I am only interested in owning more BTC to the extent that it increases my pile of GBP. Even when I spend BTC on real goods n services, the BTC price tracks GBP or USD price. Right now, with the fiat I have on the exchanges, I could get me around 50 BTC, if the price hits the $200's, then I could get me 100 BTC. If however the price then dips and stagnates in the $100, I am not going to give two shits about being the proud owner of 100 BTC, as my net worth would have halved. I would be in a state of despair. I am not too bothered in catching this bottom, if this does turn out to be the bottom. I will let the big money do that and hitch a ride on their tail-coats. Whether I am bullish or still bearish at this point in time, remains to be seen.
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thezerg
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February 25, 2014, 02:33:02 PM |
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I did buy. I bought $400, but just sold $520. I will rebuy on 4 hour macd.
Why are you not already richer than me? I've only been in bitcoin for almost a year and I started with a VERY small deposit. It was supposed to be just for fun and to experiment with arbitrage (which never happened). Fuck me. Despite Bitcoin doing pretty much what I said it would do I have done pretty shite with the trades. Came out my $626 short at $550, fearing yet another Bitcoin retard rally eating into my profits, then watched the price slip to $500 cursing myself every step of the way. I then went to bed setting 60 BTC worth of buy-ins at $390 ($391.34, to be precise). No staggered buy-in tranches or nothing, just all or nothing bet. Woke up and Bitcoin was back at $500. Turns out I missed 'all' by $8.66, so got nothing. I am way too overly impulsive to really make a good trader and this demonstrates exactly the sort of school-boy error that I am destined to repeat and repeat ad infinitum. Give me a shout when you are next weighing up entering the market if you would! (like when u feel certain about a trade as opposed to the addictive impulsive bets that we all partake in, despite the fact they normally come to nothing and/or lose us money). Here's a small tidbit of advice: if your math comes out on the far side of a round number or other psychological support, put at least some of your bid on the near side of that support... because your math does not take into account human psychology.
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seleme
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February 25, 2014, 02:37:58 PM |
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As I said, that's your problem. You want GBP, you get your GBP. Once big rally starts you have less Bitcoin and thus make less gain on price rise. What I am talking about is that my crypto USD net worth currently is about the same, and probably even bit more, like it was when Bitcoin was 800$. But I approx. doubled my Bitcoin count in that period so the drop to this level haven't made any difference. As long as I maintain to rise my Bitcoin count similarly to the percent of Bitcoin price drop, and so far is relatively good, I am not too worried about Bitcoin price. I just have to wait for next rally for that net worth to become much bigger. That's a difference between two of us. You trade and short to gain USD, I trade and short to gain BTC. So far people that did what I am doing got much more than people who did what you are doing. We'll see if that will change but I don't think so. I don't expect you to change your trading philosophy though
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Miz4r
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February 25, 2014, 02:38:08 PM |
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I give it a 60% chance that we haven't seen the bottom yet. Volume was good today and the bounce as well, so it could be a bottom, but there are still uncertain factors and the market could take a serious dive again if the 750k BTC that supposedly got stolen becomes official or something like that. I do believe we're very close to a reversal though, I can almost see the light at the end of the tunnel but we still have some ways to go. I only made like a 1 BTC gain out of all of this so my trades aren't really great either, but I have to say that following this whole story is mighty mighty interesting. Someone should write a book or make a movie out of it.
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Bitcoin = Gold on steroids
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Vigil
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February 25, 2014, 03:00:05 PM |
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I just wanted to tell you that I am finalizing the purchase of Malla Manor this week, and we will have a party there starting Friday. Malla will be (probably) the first high-class Bitcoin retreat centre in the world. 100% owned by me, it offers 5000 sqm floor area (some under renovation) and currently 127 acres of land. The property is in the middle of beautiful countryside in Estonia, just 1 hour from Tallinn airport. That place is a total dump... None of what you see in that image is real - the image has been manipulated. Look at the side wall and you can see how bad of shape it really is. Look at the driveway... does that look like anything but a 2D color gradient? Either rpietila was joking or he is buying a fixer upper.
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seleme
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February 25, 2014, 03:02:39 PM |
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I guess he took his time to make a trip to nearby Estonia and checked it up, you don't pay 1 mil. eur for an image It surely might need some restoration, it's pretty cheap.
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hdbuck
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February 25, 2014, 03:03:09 PM |
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I give it a 60% chance that we haven't seen the bottom yet. Volume was good today and the bounce as well, so it could be a bottom, but there are still uncertain factors and the market could take a serious dive again if the 750k BTC that supposedly got stolen becomes official or something like that. I do believe we're very close to a reversal though, I can almost see the light at the end of the tunnel but we still have some ways to go. I only made like a 1 BTC gain out of all of this so my trades aren't really great either, but I have to say that following this whole story is mighty mighty interesting. Someone should write a book or make a movie out of it. +1 for the movie and that 60% chance i also think further dip to come when Gox will officially confirm their issue. As in december, the first leg down was in reaction to some unverified rumour about some secret meeting between govs officials and chinese banks. The second leg down was when the chinese government officially declared its position toward BTC. (*although im not a fan of that news affects price thing).. so watch out people, the party has just begun
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seleme
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February 25, 2014, 03:04:17 PM |
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Gox removing their site is not exactly the rumour. There's nothing worse that could come from their statement, only eventually something positive - like them being bought or so.
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hdbuck
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February 25, 2014, 03:05:00 PM |
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Gox removing their site is not exactly the rumour.
yet they havent said anything clearly about it
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Vigil
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February 25, 2014, 03:05:17 PM |
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I guess he took his time to make a trip to nearby Estonia and checked it up, you don't pay 1 mil. eur for an image It surely might need some restoration, it's pretty cheap. True... just pointing out that the building is really crumbling and a dingy grey color. The yellow and all those colors were added by Photoshop.
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rpietila (OP)
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February 25, 2014, 04:14:52 PM |
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I guess he took his time to make a trip to nearby Estonia and checked it up, you don't pay 1 mil. eur for an image It surely might need some restoration, it's pretty cheap. True... just pointing out that the building is really crumbling and a dingy grey color. The yellow and all those colors were added by Photoshop. What exactly are you trying to accomplish? Get an invite? I could suggest better methods.... Of course I had it photoshoped right away, how else could the craftsmen know how to repair it? That the building exists, you can easily find from wikipedia and google maps "Malla, Estonia".
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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chriswilmer
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February 25, 2014, 04:17:05 PM |
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I guess he took his time to make a trip to nearby Estonia and checked it up, you don't pay 1 mil. eur for an image It surely might need some restoration, it's pretty cheap. True... just pointing out that the building is really crumbling and a dingy grey color. The yellow and all those colors were added by Photoshop. What exactly are you trying to accomplish? Get an invite? I could suggest better methods.... Of course I had it photoshoped right away, how else could the craftsmen know how to repair it? That the building exists, you can easily find from wikipedia and google maps "Malla, Estonia". I want an invite! If I bring several rare bottles of whiskey would that get me in?
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