No coins and needing to buy back in

[piramida]

My previous lesson was "never buy back in for more than you sold"

Well, this is a plain wrong lesson, there are only two lessons in bitcoin trading and they are "never sell below what you bought" and "never sell all". Ask Edward50, he's still waiting for $1 coins. Remember, there is always one point in time when any price X becomes history, don't gamble.

[samjtemp]

I've made some decent money playing the markets winning more than I lose but honestly isn't the best way to spend one's time.


It would be better to invest in some kind of business or skill that earns bitcoin and other alt coins. The demand is HUGE for anyone who wants to step into the game. Your looking at much more stable returns and don't have to find yourself in the unpleasant situation of "betting against the success of bitcoin" selling at the top and praying the price goes down at the desired buy-in price.

Any 12 year old with some basic HTML skills could run a business in digital coins right now. Assuming they aren't already running a botnet from my gaming computer. Persistent Little *#$#@ aren't they?

[pheaonix]

You can't win them all.  Remember, the gains last weekend were erased early last week.  One should be very skeptical of huge surges like this over a weekend.  Be patient, all it takes are a few bad news days and the price will be back where you want it (or lower).  China is still highly unpredictable at this point.  The current price assumes a continued positive reception from US regulators and a neutral stance from China.  If Bitcoin truly threatens power structures, we should expect a more negative regulatory outlook worldwide.  This will be balanced to some degree by more business adoption.  Over time I believe the adoption rate will considerably counteract regulatory pressure on the price.  In the short term, however, expect massive corrections.  Picture a large exchange being shut down due to pressure on local authorities, for instance.  Plenty of things can go wrong.  In the longer term, Bitcoin will have to adjust to technical problems.  A hard fork or attempted double spending is guaranteed as mining power becomes consolidated or other unforseen problems arise.  The infrastructure will adjust, but there will be a massive price correction.  Be patient and profit from these corrections.

you shouldn't be surprised at US being lenient when it comes to bitcoin. US dominates because of our craftiness and abusing technology, which btc allows for perfectly. if a golden goose turned up on your front porch, you wouldn't turn it away. once the profits become large enough i am sure we will see attempts to tax it.

[traderCJ]

pbody, did you get your 'teh cheep' coins?

[keithers]

If you can hold long, and believe in the true potential and long term value of bitcoin, then the price now (even in the $800s), should still be very cheap in comparison to where you are hoping it's at in 1,2, or more years from now...

[hyphymikey]

You should be able to get cheap coins this week. Buying power is out of fuel and the whole China situation will bring the price down.

[pbody]

I've made some decent money playing the markets winning more than I lose but honestly isn't the best way to spend one's time.


It would be better to invest in some kind of business or skill that earns bitcoin and other alt coins. The demand is HUGE for anyone who wants to step into the game.

I understand what you are saying but I have been having a blast participating in this forum and daytrading all day while at my cubicle job at a biotech company.

I make guitars, so I am going to build a site that excepts bitcoin for my guitars. Any other business ideas that you can share? I cant think of anything though I know they are out there.

[pbody]

You should be able to get cheap coins this week. Buying power is out of fuel and the whole China situation will bring the price down.

I'm with you here. Im patiently waiting. One reason I think I will make a good trader is because I have the patience. We'll see.

[TERA]

At first I thought "here it is my FUD of all FUDs again. I'll probably kick myself if I don't buy, again". But now the TA is starting to get really, really bad.

[traderCJ]

At first I thought "here it is my FUD of all FUDs again. I'll probably kick myself if I don't buy, again". But now the TA is starting to get really, really bad.

Explain.

[TERA]

At first I thought "here it is my FUD of all FUDs again. I'll probably kick myself if I don't buy, again". But now the TA is starting to get really, really bad.

Explain.

The price has no longer been following the trendline for days now, and the 6 hour E/MA has crossed down for the first time since the crash.

[pbody]

I just bought 1 at 800 and I will be buying more after chillin out for a day or two and watching what happens. So far so good. Hopefully my measly 3500 investment (when done buying) will snowball into much more in the years to come.

[pbody]

Luckily I only got 1 at 800, just in case it went to Mars... I'm starting to think about now is the time to buy more. My target is 300. Thots?

[chessnut]

Luckily I only got 1 at 800, just in case it went to Mars... I'm starting to think about now is the time to buy more. My target is 300. Thots?

I cashed out at 750.... gonna buy at 380, I think 300 is right on the mark but dont count on it!!
you may see a reversal at 400-500, then go for it.
have some cheep orders in.
thats my 2 cents.