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[Devin Chow]

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[njcarlos]

You scared bro?

[djangocoin]

CODL !

[spazzdla]

I just bought .22 BTC @ $575 cad and 100 PPC at $.80 cad. 

BITCOIN!

[Sumerian]

CODL HODL Forever!

There you go.

I just hope Coinbase doesn't fucking give me the "Oh...we think your account was compromised so we can't honor your buys @ $500" in a week when the price is around $550 again.

Let me guess, you dumped your BTC and will never buy BTC back right?  

[spazzdla]

I just bought .22 BTC @ $575 cad and 100 PPC at $.80 cad. 

BITCOIN!

575 CAD = $528 USD

Does not compute.

Last night sorry.  That's how I underpaid for the PPC.

[dontbugme]

CODL HODL Forever!

There you go.

I just hope Coinbase doesn't fucking give me the "Oh...we think your account was compromised so we can't honor your buys @ $500" in a week when the price is around $550 again.

Go trade on Finex. Much lower fees, and if you really don't need the cash right now then why not? Plus, you don't have to wait for Cra... I mean Coinbase to get its shit together.

[cdlsrm]

This is the last drop before new bull run. If you want it or not, tomorrow it all will be over. I think next week we will see new NYC regulations and after that price should go to ~700$.

[RodeoX]

There is so much focus on price as a measure of bitcoin's health. I think looking at the number of funded future projects is a better metric. In fact bitcoin has never been stronger than it is now. Important breakthroughs are happening weekly now, its hard to keep up. So let the market shake out the weak hands. I think it's good for the long term success of bitcoin.

[Octavius]

I would say you are just in panic mode.

If you can't argue without throwing unnecessary insults, you are a child and I don't see any reason to consider your opinion.

[dontbugme]

Go trade on Finex. Much lower fees, and if you really don't need the cash right now then why not? Plus, you don't have to wait for Cra... I mean Coinbase to get its shit together.

I don't trade. I buy and hold.

I don't trust exchanges. Not a single one. I never keep more than 10 BTC on Coinbase, ever.

I only trade with about 1-2 BTC max on any exchange. The rest is kept offline.

If you are ready and willing to have your BTC be worthless why not take the risk of an exchange? They aren't all bad. What is it that you lose? A few thousand $? Plus, you don't have to worry about craptastic Coinbase. Too slow IMO unless you can instant buy.

[dontbugme]

I want to be responsible for the security of my coins...not some entity I know little about.

Well, to each their own I guess. I'll be keeping some BTC on Finex because it is easier that way. I'm in it for the long haul, but can trade much quicker when needed. Like today.

[spazzdla]

I want to be responsible for the security of my coins...not some entity I know little about.

Well, to each their own I guess. I'll be keeping some BTC on Finex because it is easier that way. I'm in it for the long haul, but can trade much quicker when needed. Like today.

Keeping your entire BTC on an exchange is a great way to get Goxed.  Even the Exchanges recommend you do not do this...

[dontbugme]

I want to be responsible for the security of my coins...not some entity I know little about.

Well, to each their own I guess. I'll be keeping some BTC on Finex because it is easier that way. I'm in it for the long haul, but can trade much quicker when needed. Like today.

Keeping your entire BTC on an exchange is a great way to get Goxed.  Even the Exchanges recommend you do not do this...

The keywords throughout the entire conversation were some and about 1-2 BTC max.

[TheJuice]

I bought at 2.5 years ago. I'm a long time holder.

Looking to add to my position if we drop further.

[oda.krell]

Not the worst advice. Listen to OP, especially the newcomers.


That said (and believe me, I'm not gloating/trying to rub it in), now is also the time to repeat what has been said so many times before:


Don't invest more than you can afford to lose.


There. In bold, 14pt and red.

If you kept that rule in mind, you're safe to ride this one out.

If you didn't, and you see your kid's college fund melting away, then this ride will be nauseating. I'm not going to suggest to sell now (see OP), but I do suggest that, at the next opportunity (i.e. when price has recovered) you reduce your exposure to a level that allows you to sit out swings like this without losing your lunch.

[silversmith]

I agree with OP. I paid over $1000 USD for my first bitcoin. I bought more at $800. I bought a lot more at $400. I'm still buying. I don't try to time the market. I just buy at whatever the price is when I have the money to buy more. I've never sold. It's a high risk investment. I understand the risks but I think in the long run it will be a great investment for those who buy and hold!

[dontbugme]

I agree with OP. I paid over $1000 USD for my first bitcoin. I bought more at $800. I bought a lot more at $400. I'm still buying. I don't try to time the market. I just buy at whatever the price is when I have the money to buy more. I've never sold. It's a high risk investment. I understand the risks but I think in the long run it will be a great investment for those who buy and hold!

It is never a bad time to buy bitcoin when fiat currencies around the world are experiencing inflation. 1-2 years from now even if Bitcoin only follow inflation you'd still have more money than a bank account CD or bonds. Plus, you have full control over your Bitcoin whereas a bank can freeze and do whatever they want to it.

[Dragonkiller]

Not the worst advice. Listen to OP, especially the newcomers.


That said (and believe me, I'm not gloating/trying to rub it in), now is also the time to repeat what has been said so many times before:


Don't invest more than you can afford to lose.


There. In bold, 14pt and red.

If you kept that rule in mind, you're safe to ride this one out.

If you didn't, and you see your kid's college fund melting away, then this ride will be nauseating. I'm not going to suggest to sell now (see OP), but I do suggest that, at the next opportunity (i.e. when price has recovered) you reduce your exposure to a level that allows you to sit out swings like this without losing your lunch.

Wait a second, fuck.

Is that a donkey? Not a horse? LOL

Donkey with a carrot stuck to its head.

[oda.krell]

Not the worst advice. Listen to OP, especially the newcomers.


That said (and believe me, I'm not gloating/trying to rub it in), now is also the time to repeat what has been said so many times before:


Don't invest more than you can afford to lose.


There. In bold, 14pt and red.

If you kept that rule in mind, you're safe to ride this one out.

If you didn't, and you see your kid's college fund melting away, then this ride will be nauseating. I'm not going to suggest to sell now (see OP), but I do suggest that, at the next opportunity (i.e. when price has recovered) you reduce your exposure to a level that allows you to sit out swings like this without losing your lunch.

oda.krell,

You're actually one of my favorite members on here.

You say useful stuff.
You say funny stuff.
Your horse pretends to be a unicorn.

We need more people like you on here.

..no, I'm not trying to have sex with you. I've just read your posts in the past (including this one) and like what you have to say.

I actually for once am not being a sarcastic asshole.

Thanks, devin. I like your style too. No homo. (a bit homo.)

Trade - or hold - safely.


EDIT avatar from genius webcomic PBF,  http://pbfcomics.com/253/