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Author Topic: Buy on the Way Up or on the Way Down  (Read 3097 times)
Mageant
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October 12, 2011, 09:22:26 PM
 #21

I'm buying at regular intervals using a part of my income while keeping some cash available for deep drops regardless of whether it's going up or down. This mean I get the average price over longer time period.

As long as Bitcoin is not mainstream yet, it is cheap.
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BitMagic
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October 13, 2011, 02:39:54 PM
 #22

I like to buy high and sell low, mostly. Because if it goes up higher or goes lower than when I last bought or sold, I can make a profit. It's a pretty good plan.

Please give me your money, because I am a shameless libertarian elite who deserves your money more than you do: 9Hkao8U82WWDp6SQGn4k7ad9gT1LWeL5s3
dree12
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October 13, 2011, 08:14:22 PM
 #23

I like to buy high and sell low, mostly.
Huh
opticbit
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October 13, 2011, 08:19:20 PM
 #24

if it seems like a bad time to invest in btc, why not buy some and spend them.

Vandroiy
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October 13, 2011, 09:42:57 PM
 #25

I prefer speculating against trends. I actually bought some on the way down from 6 to 4, and sold some on the mini-rallies. I do go in-trend if it seems necessary, but it feels better to have someone take my order than pulling the trigger myself.

Call me strange, maybe I just like being the outsider. *shrugs*

I guess to make good money, one must be flexible though. My best deal was one where I bought in-trend and sold into the continuing one.
BitMagic
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October 13, 2011, 10:48:54 PM
 #26

I like to buy high and sell low, mostly.
Huh

I was just saying that it's good to buy and sell to make a profit, usually against the popular direction. Because when you're not following the masses, you can profit. Usually about 10%, or $2 if you're investing light.

Call me strange, maybe I just like being the outsider. *shrugs*

Yeah, I like being the outsider, too. "Buck the trend," if you will.  

Please give me your money, because I am a shameless libertarian elite who deserves your money more than you do: 9Hkao8U82WWDp6SQGn4k7ad9gT1LWeL5s3
dree12
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October 13, 2011, 11:05:57 PM
 #27

I like to buy high and sell low, mostly.
Huh

I was just saying that it's good to buy and sell to make a profit, usually against the popular direction. Because when you're not following the masses, you can profit. Usually about 10%, or $2 if you're investing light.
Ah, okay. The way you worded that sounded like you were throwing money away!
grod
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October 14, 2011, 02:06:25 AM
 #28

When you follow the trends the odds are in your favor.  For example, if you go long in an uptrend and there is a short term reversal you have various options of extricating yourself from the position.   If the long term and mid term are intact you may even choose to ride it out for a few days.  The same goes for being short in a downtrend.

When you fight the trend your odds of success are correspondingly lower, and you have to be right more often.


Mageant
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October 14, 2011, 11:56:37 PM
 #29

My current strategy is buy high and buy low (and never sell).

 Grin
anu
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October 15, 2011, 09:15:45 AM
 #30

When you follow the trends the odds are in your favor.  For example, if you go long in an uptrend and there is a short term reversal

How do you know all that? Tomorrow, some large business may adopt Bitcoin. Or tomorrow the USA, EU, India, China and Japan decide to kill Bitcoin by arresting core developers of anything Bitcoin plus Julian Assange for gangraping Lara Croft. Or...

Seems likely that some event during the next months will render all extrapolations obsolete.

My current strategy is buy high and buy low (and never sell).

Me, too. With my luck any major sale of BTC will be the starting point of a rally to 10000.


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ama
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October 15, 2011, 09:34:22 AM
 #31

Me, too. With my luck any major sale of BTC will be the starting point of a rally to 10000.

I'll buy from you when you decide to sell, then.    Grin
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