Just lol at ppl telling others to hold

[thedarksun]

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

[blatchcorn]

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

So you have asked everyone here what their plans are?  Where is your research and sources please?

[inca]

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

I am in the 10%, yay.

Seriously do you understand market cycles and volatility. Do you have patience? Or when you get the urge to open your bowels do you just instadump right where you stand

[Ibian]

SSS plan. The people who are happy with merely breaking even will always be poor.

[maker88]

When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

LOL at people stupid enough to do what you are suggesting. oh nice call on 90% of us having bought over 600. its probably more like 25% at the most, not everyone is as dumb as you.

[DeadCoin]

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

That's true. That's why $7000, $25 000, $100k predicitions are total nonsense.

I doubt it will ever happen, but if bitcoin somehow ever again reaches $1000, everyone would go in selling mode. It would be impossible for people to be patient and hold at levels that high.

[NeuroticFish]

The ones that bought at 600+ and still holding have no idea of markets. And most of them have no patience. Half of them already panic-dump-ed.
Of course, these are assumptions and I may be horribly wrong.

The smart few already made money, despite the down trend of BTC taking avantage of the markets.
And that's because the ups and downs of BTC can make money, just you need the b*lls and the knowledge to sell and buy and sell and buy again 1000 times and getting (on average) on profit.



But yeah, some traders made and will make money, and we, the "script kiddies" (younger or older) will post "what's best to do"

[zby]

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

And this is exactly why you are in red. You hold at the wrong time and you sell at the wrong time.

[Kevin77]

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

That's true. That's why $7000, $25 000, $100k predicitions are total nonsense.

I doubt it will ever happen, but if bitcoin somehow ever again reaches $1000, everyone would go in selling mode. It would be impossible for people to be patient and hold at levels that high.

Maybe the $7000, $25000,... predictions are actually predictions on a deep fall of $?

[thedarksun]

I am in the 10%, yay.

Seriously do you understand market cycles and volatility. Do you have patience? Or when you get the urge to open your bowels do you just instadump right where you stand

Of course. But you gotta understand that the people that have been in the red for almost a year will instantly dump when the opportunity to get even or even get a little PLUS appears.

[Miz4r]

The ones that bought at 600+ and still holding have no idea of markets. And most of them have no patience. Half of them already panic-dump-ed.
Of course, these are assumptions and I may be horribly wrong.

The smart few already made money, despite the down trend of BTC taking avantage of the markets.
And that's because the ups and downs of BTC can make money, just you need the b*lls and the knowledge to sell and buy and sell and buy again 1000 times and getting (on average) on profit.

You can't beat the market, you can get lucky a few times and then the market suddenly catches you off-guard and you lose all your profits and more. This is true for 98% of traders, you and me are no exceptions. It can be argued whether there is a small percentage of traders who can be and stay profitable in the long run, but I think most of them 'cheat' in one way or another. Like people who have inside knowledge or HFT, or use some kind of manipulation. There is a reason why banks are so often caught cheating in markets. So far I'm still in the positive with the little bit of trading I do myself, but I attribute that more to luck than anything else. And my biggest profits are still from just holding and then slowly taking out some profits as the price continued to climb. That's also luck, but I feel that betting on Bitcoin's long term trend to continue is better than trying to predict the intermediate bear and bull markets. Why am I still doing it? Well it's a learning experience and it's fun, but I'm not trying to fool myself thinking that I can actually beat the market.

[Ibian]

I am in the 10%, yay.

Seriously do you understand market cycles and volatility. Do you have patience? Or when you get the urge to open your bowels do you just instadump right where you stand

Of course. But you gotta understand that the people that have been in the red for almost a year will instantly dump when the opportunity to get even or even get a little PLUS appears.

Could you please stop being foolish? I bought some of my coins at 1100+. Average price is in the 600s. I'm buying more. Not selling anything until at least 2k.

[Finchy]

Not everybody bought in at their peak and not everyone wants to dump as soon as possible and get out. I'm sure you might also chnage your mind if bitcoin shoots up quickly and past its peak.

[piramida]

I am in the 10%, yay.

Seriously do you understand market cycles and volatility. Do you have patience? Or when you get the urge to open your bowels do you just instadump right where you stand

Of course. But you gotta understand that the people that have been in the red for almost a year will instantly dump when the opportunity to get even or even get a little PLUS appears.

Yeah, idiots will, no doubt. But idiots usually operate with small amounts of money, so it takes quite a lot of idiots to really affect the price.

[NeuroticFish]

You can't beat the market, you can get lucky a few times

I tend to disagree. A lot of people make a living of this. On various markets. Bitcoin market is not much different.

and then the market suddenly catches you off-guard and you lose all your profits and more.

There are ways to minimize loses. They.. happen. Next time you may cover them.

This is true for 98% of traders, you and me are no exceptions. It can be argued whether there is a small percentage of traders who can be and stay profitable in the long run, but I think most of them 'cheat' in one way or another. Like people who have inside knowledge or HFT, or use some kind of manipulation. There is a reason why banks are so often caught cheating in markets. So far I'm still in the positive with the little bit of trading I do myself, but I attribute that more to luck than anything else. And my biggest profits are still from just holding and then slowly taking out some profits as the price continued to climb. That's also luck, but I feel that betting on Bitcoin's long term trend to continue is better than trying to predict the intermediate bear and bull markets.

No. You and me are no traders. What we do is.. like playing in the sand.
And yes, getting as much extra info is .. part of the game, not cheating. That's their homework.
Here they also have options like pump and dump, which is not nice, but yeah...

Why am I still doing it? Well it's a learning experience and it's fun, but I'm not trying to fool myself thinking that I can actually beat the market.

Nicely said!
Learning about crypto and learning about markets is possible already with 10$ investment (especially on altcoins). Which is an opportunity to learn that not many understand.
Holding is an option. Playing and learning is another option. Investing big bucks.. some can, some cannot. Some play with big bucks, some hold. It's matter of personal options.

[btchaste]

I have bought when the price was 130$ so holding is working for me, unlukily I had very few FIAT to invest in btc.

[JimboToronto]

90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range

Got a link to support that 90% figure?

I'd like to be able to call myself a 10%er but I have a feeling most of us aren't noobs with less than a year in Bitcoin.

[Ibian]

90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range

Got a link to support that 90% figure?

I'd like to be able to call myself a 10%er but I have a feeling most of us aren't noobs with less than a year in Bitcoin.

Exponential growth means that most of us at any given moment are "new blood".

[jazzhot]

I'm holding my 0.01 bicoins and I have never bought them because I have earned with faucets and some lucky gambling.

[Miz4r]

You can't beat the market, you can get lucky a few times

I tend to disagree. A lot of people make a living of this. On various markets. Bitcoin market is not much different.

Perhaps they are, I remain however skeptical of their long term success in predicting short term direction of markets. I think their success can also be attributed to a few lucky calls and that's why they managed to stay in business so far. The ones who weren't so lucky simply left or became more long term oriented investors.

and then the market suddenly catches you off-guard and you lose all your profits and more.

There are ways to minimize loses. They.. happen. Next time you may cover them.

In a volatile and thinly traded market like Bitcoin tight stops don't seem very productive to me, you will get farmed like an idiot.