...

[turtlehurricane]

...

[fortif78]

I swear whenever I hold any Bitcoin it loses value instantaneously, it never makes profit anytime recently. I traded for $300 worth today and it went down $15 per Bitcoin within an hour! It's fucking aggravating.

Why can't it go up for once?

^ Are you charging for lessons on how to be a noob ?
This sample lesson is too good to get for free.

[blatchcorn]

Please sell so it will go up

[tupelo]

so much for the hodl strategy

[Dalmar]

I swear whenever I hold any Bitcoin it loses value instantaneously, it never makes profit anytime recently. I traded for $300 worth today and it went down $15 per Bitcoin within an hour! It's fucking aggravating.

Why can't it go up for once?

You bought in overbought territory on the 4-hour chart. Bad timing.

[MatTheCat]

I swear whenever I hold any Bitcoin it loses value instantaneously, it never makes profit anytime recently. I traded for $300 worth today and it went down $15 per Bitcoin within an hour! It's fucking aggravating.

Why can't it go up for once?

Here is a chart for you:



The chart is for my own use so isn't labelled, but unless you like being chopped around in a trending range or just playing a gambling guessing game, you shouldn't have went long yesterday. I am also looking to go long but will do so only when either the resistance line (currently at about $475) is breached or the support line (currently at around $280) is tested and shown to have held. The support and resistance trendlines I was referring to are indicated by the green dotted arrows mapping a potential 5 Wave form. If the resistance line (indicated by green arrows) were to be breached, then I would go long and if the trade were to go well, I would have a close eye on market action around about the uppermost resistance line shown on the chart.

You might notice that there is a rising support trendline coming up from bottom left of the map. This trendline dates back to early 2013 and was tested in Oct 2013 (Silk Road seizure) and again just a few weeks ago in early April 2014. You might also notice that Bitcoin would currently have to breach $425 for this trendline to be breached. If this happens, then that would be a shorting opportunity.....but don't short. If Bitcoin retracing $15 after you bought 0.75 coins today has caused you some grief, then I would suggest that shorting with leverage isn't for you!


Edit: That chart is old. Just looked at the up to date chart and that long term rising support line looks like it is definitely going to be breached at $428. Hold on to your hat!

[BitCoinsLOL]

I swear whenever I hold any Bitcoin it loses value instantaneously, it never makes profit anytime recently. I traded for $300 worth today and it went down $15 per Bitcoin within an hour! It's fucking aggravating.

Why can't it go up for once?

Your panicking after 1 FUCKING hour. This game is not for you noob. Leave the stock market alone too.

[MatTheCat]

Your panicking after 1 FUCKING hour. This game is not for you noob. Leave the stock market alone too.

He is right to be concerned.

Long term support line on verge of being breached with 4 hour indicators all pointing down.

[nidhogg1]

Fuck it im selling, rather $13 per bitcoin loss than anything above $13. OP should sell too

[T.Stuart]

Your panicking after 1 FUCKING hour. This game is not for you noob. Leave the stock market alone too.

He is right to be concerned.

Long term support line on verge of being breached with 4 hour indicators all pointing down.

I wouldn't go short at the moment either Mat!

[MatTheCat]

I wouldn't go short at the moment either Mat!

Neither would I...

Bitcoin would have to go below $428 and then fail to get back up above the trendline.

If Bitcoin does that, then its a 'short'.

[BitChick]

The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little!  Just hold for a year or so and that is all it takes to do pretty well.

Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin.  The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains.

[galbros]

There is no way to know which way the price will go, charts or no.  Own bitcoin if you want to own it.  I'm sorry you seem to have bad luck trading it.

[YipYip]

I made $20 on it cause I got the $300 worth below market price, but I'm just aggravated that it has to go down and eat my profits. I only made $12 now.

Bitcoin is not a good investment this past year, I couldn't imagine putting $10,000 into it, I would have to shoot myself.

Ahh..grasshopper ..When u can take the pebble from my hand you will have a fucking clue

Now...NO CLUE or CLUELESS or NO FUCKING IDEA or NFI

[romneymoney]

It's like we've been in an eyewall replacement cycle for the last 6 months
little skill in predicting short term intensity during this phase
-bobbutts

[Torque]

The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little!  Just hold for a year or so and that is all it takes to do pretty well.

Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin.  The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains.

BitChick classing up the place, showing how it's done.    Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes?  Lol.  

I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation.  #millenialsaredoomed

[MatTheCat]

BitChick classing up the place, showing how it's done.    Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes?  Lol.  

I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation.  #millenialsaredoomed

Look, the dude made a mistake and took a position in the midst of low volume trending position. Nobody can provide him with any guarantees that Bitcoin will break up, or break down. So he has taken the safe option and pulled his Geld out.

Only a complete fkn prick would encourage a newcomer to Bitcoin to go long on primary downtrend, right in the middle of a choppy low volume no-mans land, and you are surely not a complete fkn prick are you?

[dree12]

Bitcoin actually goes up most of the time. That's how it got from $0.001 to $450.

Right now we're in a downtrend, which is why it tends downwards now. Some people can make money from fighting the market, but it takes some trading skill to do that. Going with the market is a far safer bet, though you don't want to be caught holding the bag in a bubble.

[BitChick]

The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little!  Just hold for a year or so and that is all it takes to do pretty well.

Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin.  The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains.

BitChick classing up the place, showing how it's done.    Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes?  Lol.  

I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation.  #millenialsaredoomed

I had a professor in college, and this was over a decade ago, mention that he had to change the way he even taught because students could no longer stay focused for an hour long class.  He had to break it up with stories and other creative teaching tactics.  He was a great teacher and I enjoyed his style, but it was interesting that he noticed a change. Also, most students have difficulty even reading entire books anymore.  So I agree that the younger generation struggles with patience and are generally a bit more ADHD.  This desire for instant gratification should help help spur Bitcoin's longterm success though.  It makes sending money internationally more "instant" for example.

[bitcoinsrus]

The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little!  Just hold for a year or so and that is all it takes to do pretty well.

Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin.  The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains.

BitChick classing up the place, showing how it's done.    Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes?  Lol.  

I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation.  #millenialsaredoomed

I had a professor in college, and this was over a decade ago, mention that he had to change the way he even taught because students could no longer stay focused for an hour long class.  He had to break it up with stories and other creative teaching tactics.  He was a great teacher and I enjoyed his style, but it was interesting that he noticed a change. Also, most students have difficulty even reading entire books anymore.  So I agree that the younger generation struggles with patience and are generally a bit more ADHD.  This desire for instant gratification should help help spur Bitcoin's longterm success though.  It makes sending money internationally more "instant" for example.

Had 2 teachers who occasional told a few jokes here and there (to break the tension).  People in general want things to happen fast.  When my dad bought some facebook stock ATH () he expected a meteoric rise.  Now he wants to do Alibaba.  Eventually I think everyone will just wait (@btc stock)  I see all the kids on their mobiles and thinking that mobile cash has to be the next step (even if its not btc like m-pesa (african mobile money) or something.)

[By the way, is anyone into alibaba stock?  The financial shows pump it up (mainly because its new in America (to buy the stock) etc]