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Author Topic: The philosophy of buying when others panic sell...  (Read 2732 times)
T.Stuart (OP)
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January 07, 2014, 10:25:17 PM
 #1

This is the moment all buyers wait for.

Advice to those fearful. Just Hodl!  Wink  (That means hold on to your Bitcoin and don't worry for any of you new folk who might be wondering).

The fear transfers to the buyers... who today, with Bitcoin going mainstream this year, more than ever WILL get in once the selling calms down.

This is the eternal law of the Bitcoin market!

Good luck to you all!  Smiley

                                                                               
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January 07, 2014, 10:31:05 PM
 #2

Too bad I have no fiat to spare


I bought more LTC and NMC an hour ago and it went down even further and still going.... and I just realized that China has yet to wake up today and the prices will probably continue to sink more. Terrible decision on my part. Fuck


So much for $2000/btc in January... China keeps making us crash




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T.Stuart (OP)
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January 07, 2014, 10:35:03 PM
 #3

Too bad I have no fiat to spare


I bought more LTC and NMC an hour ago and it went down even further and still going.... and I just realized that China has yet to wake up today and the prices will probably continue to sink more. Terrible decision on my part. Fuck


So much for $2000/btc in January... China keeps making us crash

Listen man. This might sound a bit silly saying this as if it's personal advice but try to give up worrying about China! It's a red herring when it comes to Bitcoin - at this stage it is not a fundamental technical or business-related problem for Bitcoin; it is purely a psychological one!

 Smiley

                                                                               
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January 07, 2014, 10:35:33 PM
 #4

The problem with this is you don't know how low its going to go. I've been thinking "panic sale" ever since $1015.
T.Stuart (OP)
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January 07, 2014, 10:38:17 PM
 #5

The problem with this is you don't know how low its going to go. I've been thinking "panic sale" ever since $1015.

I think this one is closing now and we will look back at it as a subdued sell-off compared with previous ones.

We react less and less to medium-strength Chinese news now.

We are getting PLENTY of positives in the US etc.

The biggest fear - a global ban - that was an unknown a year ago is now banished for good. This WILL play into market psychology (EDIT: significantly with very noticeable results on bubbles etc. [for the quote he he!  Cheesy] ) from now on. You can quote me on that later as much as you like!  Smiley

                                                                               
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January 07, 2014, 10:40:28 PM
 #6

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin
T.Stuart (OP)
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January 07, 2014, 10:43:22 PM
 #7

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin

Some of us have paychecks you know... I mean for jobs in the outside world - not feeding from the fear and hope of others for a living like quite a few experts and traders here!  Wink

                                                                               
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January 07, 2014, 10:49:50 PM
 #8

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin

Said Mucus who has neither money nor bitcoins, ok. And for the record, hodling includes buying more at the dips, otherwise you have nothing to hodl on to.

i am satoshi
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January 07, 2014, 10:51:13 PM
 #9

You can actually hodl and trade at the same time using margin on bitfinex.
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January 07, 2014, 10:52:11 PM
 #10

You're the same bulltard who 48 hrs ago, stated btc will never seen triple digits again. So now that it's gone down 20%, you flip your propaganda to... hey cheap coinz on sale today, to da moon tomorrow !11!
T.Stuart (OP)
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January 07, 2014, 10:56:06 PM
 #11

You're the same bulltard who 48 hrs ago, stated btc will never seen triple digits again. So now that it's gone down 20%, you flip your propaganda to... hey cheap coinz on sale today, to da moon tomorrow !11!

Throughout all my posts I have only several key points:

1. Bitcoin is looking very stable these days, and poised for big success.

2. This is translating into the outcome of this latest bubble when you compare with previous ones.

3. Thus this is probably the very worst time in Bitcoin's history to panic sell your coins into a trader's lap!

 Smiley

                                                                               
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January 07, 2014, 11:00:35 PM
 #12

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin

I hope you're not talking to me. My plan was to always hold for at least a year or two, so I'm really not too bothered by the daily chart. There's no way I can pick the best time to get in or estimate when the dips will happen.. but as long as I come out on top I will win.


I'm only a little worried about NMC




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January 07, 2014, 11:04:59 PM
 #13

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin

Some of us have paychecks you know... I mean for jobs in the outside world - not feeding from the fear and hope of others for a living like quite a few experts and traders here!  Wink

The thing is the price of Bitcoins is now so high that normal people paychecks do not really matter any more.
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January 07, 2014, 11:06:23 PM
 #14

"bulltard"

Do you know how childish you make yourself look by using that word? Grow up.

Then again you probably are just a little kid but that doesn't mean that you can't at least try to act a little more mature.
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January 07, 2014, 11:12:23 PM
 #15

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin

And idiots who sold early have no money and no bitcoins.
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January 07, 2014, 11:15:54 PM
 #16

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin

And idiots who sold early have no money and no bitcoins.

Are you saying I am one of those?
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January 07, 2014, 11:19:18 PM
 #17

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin

And idiots who sold early have no money and no bitcoins.

Are you saying I am one of those?

No you are idiot who hodl. :-)
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January 07, 2014, 11:19:32 PM
 #18

The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Grin

And idiots who sold early have no money and no bitcoins.

Are you saying I am one of those?

No, you're just the idiot




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ElectricMucus
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January 07, 2014, 11:22:35 PM
 #19

Finish the following sentence: ElectricMucus is an idiot because.....
JimboToronto
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January 07, 2014, 11:26:55 PM
 #20

Finish the following sentence: ElectricMucus is an idiot because.....

...it's self-evident?

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