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Author Topic: The philosophy of buying when others panic sell...  (Read 2669 times)
Odalv
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January 07, 2014, 11:27:54 PM
 #21

Finish the following sentence: ElectricMucus is an idiot. because.....
ElectricMucus
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January 07, 2014, 11:29:14 PM
 #22

ok but then it's just an insult.
DPoS
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January 07, 2014, 11:29:32 PM
Last edit: January 07, 2014, 11:42:41 PM by DPoS
 #23

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.

exactly.. reg folks are getting scare trained to buy in only under $800...  it bounces around too much to think about 'buying a piece' of bitcoins. If it was stable people wouldn't mind getting .3 or whatever but until then, people will look at the price for a whole bitcoin and act on that

I sold near this latest top but got my hands a little bloody on the way down..  one batch ~917 and another ~852..  so the 917's will go to cold storage and a spike might free up the 852's in a few days.

probably see tight trading 770-810 for a while


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Odalv
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January 07, 2014, 11:38:37 PM
 #24

ok but then it's just an insult.

so stop insulting.
ElectricMucus
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January 07, 2014, 11:44:26 PM
 #25

ok but then it's just an insult.

so stop insulting.

Saying that somebody is an idiot because one does certain things isn't an insult, it's just descriptive of an idiotic action.
To rephrase this: People influenced by the hodl bullshit are idiots.
Odalv
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January 07, 2014, 11:46:58 PM
 #26

ok but then it's just an insult.

so stop insulting.

Saying that somebody is an idiot because one does certain things isn't an insult, it's just descriptive of an idiotic action.
To rephrase this: People influenced by the hodl bullshit are idiots.

Now describe yourself.
ElectricMucus
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January 07, 2014, 11:49:54 PM
 #27

How has the hodl bullshit influenced me?

FYI: I exit unprofitable positions immediately.
Dafar
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January 07, 2014, 11:52:18 PM
 #28

Saying that somebody is an idiot because one does certain things isn't an insult, it's just descriptive of an idiotic action.
To rephrase this: People influenced by the hodl bullshit are idiots.

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

So basically people holding are idiots... because they heard holding was a good strategy.


Anyway stop crying little kid, or should I say idiot




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Odalv
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January 07, 2014, 11:52:26 PM
 #29

How has the hodl bullshit influenced me?

FYI: I exit unprofitable positions immediately.

Tell us how you sold out coins at lower price and you want to buy back and how you are smart.
ElectricMucus
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January 07, 2014, 11:53:37 PM
 #30

How has the hodl bullshit influenced me?

FYI: I exit unprofitable positions immediately.

Tell us how you sold out coins at lower price and you want to buy back and how you are smart.

You mean trading? I do this almost every day.
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January 08, 2014, 12:04:42 AM
 #31

Besides the penis wagging, so far, unless you bought above $1000, no one should have ever lost money long run, more or less. Bitcoin has yet to have a "Down" that isn't followed by an "up".

Nerves to steel might be required, but thus far buying when others panic would only do you good.

more or less retired.
Odalv
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January 08, 2014, 12:05:48 AM
 #32

How has the hodl bullshit influenced me?

FYI: I exit unprofitable positions immediately.

Tell us how you sold out coins at lower price and you want to buy back and how you are smart.

You mean trading? I do this almost every day.

Define what is:
a) "unprofitable positions"  (did you exit at $5 USD/BTC ? )
b) "immediately" ( 3 year ago ? )
d) what you think is "trading"  ( selling 100 BTC 3 year ago and buy 3 satoshi yesterday )

MatTheCat
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January 08, 2014, 12:06:26 AM
 #33

This is the moment all buyers wait for.

Don't kid yourself.

That panic selling sweet spot is much lower down than this.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
ElectricMucus
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January 08, 2014, 12:12:56 AM
 #34

How has the hodl bullshit influenced me?

FYI: I exit unprofitable positions immediately.

Tell us how you sold out coins at lower price and you want to buy back and how you are smart.

You mean trading? I do this almost every day.

Define what is:
a) "unprofitable positions"  (did you exit at $5 USD/BTC ? )
b) "immediately" ( 3 year ago ? )
d) what you think is "trading"  ( selling 100 BTC 3 year ago and buy 3 satoshi yesterday )



a) While I don't recall which trades I made all back then, some time I probably sold at around $5 and some time at $1200 or $200, etc
b) within 3 days to a week, some times shorter if I feel up to it.
c) trying to increase my capital, beat the market in a sense
JimboToronto
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January 08, 2014, 12:17:20 AM
 #35

Nerves to steel might be required

No nerves of steel required. You just have to not be a wimp and sell.
ElectricMucus
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January 08, 2014, 12:22:37 AM
 #36

PS: I don't respect trolls.

Don't worry I respect myself. Smiley
Dafar
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January 08, 2014, 12:26:32 AM
 #37

PS: I don't respect trolls.

Don't worry I respect myself. Smiley

Only because you're an idiot




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ElectricMucus
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January 08, 2014, 12:31:09 AM
 #38

PS: I don't respect trolls.

Don't worry I respect myself. Smiley

Only because you're an idiot

NO U
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January 08, 2014, 12:50:40 AM
 #39

windjc
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January 08, 2014, 12:58:43 AM
 #40

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

he doesn't understand the fundamental value of the bitcoin protocol. He only focuses on the "currency" aspects and trading. He is very shallow in his ideas and ideologies. He has been so far incapable of wrapping his mind around the solutions that the bitcoin protocol offers the world.
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