cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 29, 2011, 01:43:40 AM |
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The real question is show those of us who were trading on small margins and just got burned back buy in now before it goes even further?
Fuck it. Either everything or nothing. This asshole can wipe me out if he wants to but he has to loose as well in order to do it. (Buy them back higher than he sold) I agree with the sentiment, but am not concerned about the price of Bitcoin. It's cheap right now, so I'm buying what I can. Gambling with Bitcoin > Gambling on Bitcoin |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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bittenbob
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November 29, 2011, 01:51:11 AM |
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I want more coins, Im now hoping it goes low enough to get into my bid without freefalling... Im taking a 10% BTC hit on this but if voltatility happens around this price it can still be profitable in terms of bitcoins. I wont be "cashing out" until I can double up on my 6950 or get a decent sized SSD anyways and I have a good feeling about the long term price of bitcoins. I was just playing around hoping to get a few extra coins by riding the waves. Guess I crashed lol.
There won't be much downwards volatility with a 50k buy wall sitting at 2.65. If your bid is below that, I doubt you will have much chance of getting it filled unless the wall is pulled and a freefall occurs. And in that case, you probably wouldn't want them anyway. If you want more coins, the best bet is to hold off on selling until the peaks have been reached on this new rally, then sell, wait for price to fall and rebuy. Of course, you first need to hold the coins before you can take your profit when it peaks. The bidwall sits at 2.625 and my buy is above that but below 2.65. Lets hop 2.65 isnt a trigger. |
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mjcmurfy (OP)
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November 29, 2011, 01:51:19 AM
Last edit: November 29, 2011, 02:06:14 AM by mjcmurfy |
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I want more coins, Im now hoping it goes low enough to get into my bid without freefalling... Im taking a 10% BTC hit on this but if voltatility happens around this price it can still be profitable in terms of bitcoins. I wont be "cashing out" until I can double up on my 6950 or get a decent sized SSD anyways and I have a good feeling about the long term price of bitcoins. I was just playing around hoping to get a few extra coins by riding the waves. Guess I crashed lol.
There won't be much downwards volatility with a 50k buy wall sitting at 2.65. If your bid is below that, I doubt you will have much chance of getting it filled unless the wall is pulled and a freefall occurs. And in that case, you probably wouldn't want them anyway. If you want trade for more coins in a rising market, the best strategy is to hold off on selling until the peaks have been reached, then sell, wait for price to fall and rebuy - buy low, sell high... obviously. Of course, you first need to hold the coins before you can take your profit at the peaks. It's difficult to profit in coin when the market is rising as the coins become harder and harder to buy. In a falling market, it's easy - because nobody else wants to hold them. |
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mjcmurfy (OP)
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November 29, 2011, 01:52:24 AM |
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Whoops. Accidentally deleted my post. Reposted.
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tritium
Member
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Activity: 81
Merit: 10
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November 29, 2011, 01:58:10 AM |
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I was having fun riding the waves, I was up about 40% or so but got a little burned by this latest increase. I'm aiming to stay within 25% so i'm still ok i think. I can make more BTC on the way down
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1FCzN34C1xCLsDaLxfY7yB5CQKN74ruGHV
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 29, 2011, 02:03:46 AM |
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The real question is show those of us who were trading on small margins and just got burned back buy in now before it goes even further?
Fuck it. Either everything or nothing. This asshole can wipe me out if he wants to but he has to loose as well in order to do it. (Buy them back higher than he sold) I agree with the sentiment, but am not concerned about the price of Bitcoin. It's cheap right now, so I'm buying what I can. Gambling with Bitcoin > Gambling on Bitcoin I might take losses but no way I am doing that now. If I'll decide to that then because I think that price is sustainable and I see the wall standing up to scrutiny against a near sell I might decide to take losses. RSI would have to stay above 70 for the longest time ever in order for that to happen. Everything else would be just a panic reaction. If I could I would short now, and I would be almost certain I would take a profit from it. |
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bittenbob
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November 29, 2011, 02:12:25 AM |
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Cant catch a break on my buy back. Gonna have to take an even bigger loss by the looks of it.
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bitcoinBull
Legendary
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Activity: 826
Merit: 1001
rippleFanatic
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November 29, 2011, 02:14:08 AM |
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I learned my lesson by losing a lot of potential gain on the first run up from $1-$10. No way I will sell into a real rally (that's assuming a reversal, obviously), but others will have to learn their own lessons.
This time some short squeezes could propel it even faster, and burn some stubborn bears. Even I was a bit surprised by this new wall!
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College of Bucking Bulls Knowledge
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mjcmurfy (OP)
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November 29, 2011, 02:16:47 AM |
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RSI would have to stay above 70 for the longest time ever in order for that to happen.
Everything else would be just a panic reaction.
By then it would be too late (RSI > 70 for ages), and you would want to be shorting. You want to try and stay a step ahead of the curve, not be running to catch up with it. Isn't it incredibly incongruent? When you realize that bigger forces are at play than fundamentals, to succeed you must understand the irrational psychology of the players. To win in an irrational market, you must yourself be able to act rationally on seemingly irrational market directions even if that means you have to sometimes make what would seem at the time to be an irrational decision, based on something with little observable evidence in its favor other than abstract ideas about market psychology. |
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tulkos
Member
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Activity: 74
Merit: 10
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November 29, 2011, 02:48:51 AM |
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2.8 has just been passed, next stop 4.0
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bittenbob
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November 29, 2011, 02:50:28 AM |
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Its looking more and more like we are going to hit $3 tonight
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phorensic
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November 29, 2011, 02:51:02 AM |
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Cant catch a break on my buy back. Gonna have to take an even bigger loss by the looks of it.
I'm not giving up hope that this is a little rally that will crash back down to 2.50 levels again. Not gonna take the loss! I've set up multiple buy back orders on the way down. |
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mjcmurfy (OP)
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November 29, 2011, 02:54:57 AM |
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A little rally, supported by giant bidwalls!
Lets see if anyone tries to take them on.
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bittenbob
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November 29, 2011, 02:55:29 AM |
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Any minute now by the looks of it
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 29, 2011, 02:57:06 AM |
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Forced liquidation @ 2.9528948006222637  |
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mjcmurfy (OP)
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November 29, 2011, 02:58:52 AM |
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Oh my. Sorry to hear that #9.
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teflone
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November 29, 2011, 03:00:49 AM |
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ya forced liquidation sucks.. cant get bitcoin in to save it fast enough..  sorry bro |
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bittenbob
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November 29, 2011, 03:01:14 AM |
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It would really be interesting if we could sustain these levels now. Im not too hopeful but you never know. As for the forced liquidation, thats what you get for betting on bitcoin failing  Its looking less and less like we will see $1.xx bitcoin again |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 29, 2011, 03:03:07 AM |
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Well at least I've got 100 bucks left. And I am confident that I'll reach my old balance in another 2 weeks, I know what I was getting into in the future I'll listen not as much to the bears  I'll wait till the dust settles then lets see if this turns out to be market reversal. |
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