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Author Topic: I pussied out  (Read 3630 times)
Otoh
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January 06, 2012, 12:44:58 AM
 #41

I got out late last night at $6.20, just because I was not going to be able to watch for 12 hours.

Now that the price has stabilized for a while, bought in again this morning at same price.

Feeling confident sentiment for another rally, up to $7.00.


^ good call

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January 06, 2012, 12:56:59 AM
 #42

It takes a lot of courage to post on an open forum that you've just sold... and then watch the price rise another 20% within a day.

Watching the price rocket over $7, I can't help but feel we're beginning to see the giddy greed of May/June 2011 reappear again.  Not a popular opinion, I know.  People don't like to hear negative opinions.  I'm long bitcoins but ready on the sell trigger.


Same, I've always been long. But I'll watch it like a hawk and be ready to sell.

Yeah I suspect the same thing is going on, and a lot more people are ready to sell on a dime. This might create a dampening on the system, I believe, stopping it reaching $30/btc again...not to mention the people who bought high last time and are just waiting for the break even price to get their money back out. The counter to this, of course, are the newcomers...if there are enough of them they'll mop the floor with all of us, like with any speculative ponzi, but I think by now many people at least heard of bitcoins and it's "riskiness" to quell that a little.

I personally think it's possible to hit $24 in the near future, and I'll probably exit there if I last that long.
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January 06, 2012, 01:19:59 AM
 #43

I got out late last night at $6.20, just because I was not going to be able to watch for 12 hours.

Now that the price has stabilized for a while, bought in again this morning at same price.

Feeling confident sentiment for another rally, up to $7.00.


^ good call

Thanks.

Since then I bought in at $6.20, set a sell price at $7.20, packed up and headed to the coffee shop turned on PC and saw the spike over $7, I was already cashed out!   The spikes are nice but it's feeling a little too volatile for me.

May sit this one out until tomorrow.  Have a sneaky suspicion we will trace back to $6.60 -$6.80, looking at trend lines.

How are you playing these crazy Bitcoin moves?

Otoh
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January 06, 2012, 01:50:44 AM
 #44

today by staying up far too late & so drinking far too much, will list my trading positions tomorrow...

cashed out 1,100 of my bitcoinica longs at $6.18 yesterday, naturally it immediately shot up $1 to $7.20
I left 243 BTC long with their base price now down to $0.7959 & removed the original 300 BTC that I'd used as deposit/margin to open the position which was:

243.9 @ $4.107 - 26 Dec 2011
100 @ $4.65 - 1 Jan 2012
1,000 @ $5.528 - 1 Jan 2012

Total: 1,344 @ $5.205 base price

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
Otoh
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January 06, 2012, 05:46:27 PM
 #45

I got out late last night at $6.20, just because I was not going to be able to watch for 12 hours.

Now that the price has stabilized for a while, bought in again this morning at same price.

Feeling confident sentiment for another rally, up to $7.00.


^ good call

Thanks.

Since then I bought in at $6.20, set a sell price at $7.20, packed up and headed to the coffee shop turned on PC and saw the spike over $7, I was already cashed out!   The spikes are nice but it's feeling a little too volatile for me.

May sit this one out until tomorrow.  Have a sneaky suspicion we will trace back to $6.60 -$6.80, looking at trend lines.

How are you playing these crazy Bitcoin moves?


^ another good call

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
StewartJ
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January 06, 2012, 07:13:01 PM
 #46

today by staying up far too late & so drinking far too much, will list my trading positions tomorrow...

cashed out 1,100 of my bitcoinica longs at $6.18 yesterday, naturally it immediately shot up $1 to $7.20
I left 243 BTC long with their base price now down to $0.7959 & removed the original 300 BTC that I'd used as deposit/margin to open the position which was:

243.9 @ $4.107 - 26 Dec 2011
100 @ $4.65 - 1 Jan 2012
1,000 @ $5.528 - 1 Jan 2012

Total: 1,344 @ $5.205 base price

Wow... moving some bitcoin! The Bitcoinica style of trading eludes me.

I think today's volatility is going to keep me on the sideline for a while. Things may just be correcting for a bit, not sure yet.

The ask walls are building up, we have had 4 different $1 dollar roller-coaster moves in the space of 12 hours, and I'm feeling the bullish sentiment is wavering a bit. 

I will probably miss the train on the way up, so I might have to take the later bus instead.  Smiley
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