just bought 2 more @ $505.
Awesome!
Anyone else?
Come on people, let's all buy heroin on Silk Road 1.0 with our overpriced coins!!! We're so fucked!!!
Sold 15 BTC at $535 (bought at $620). Investing in BTC since 2014 has cost me several thousand. Fortunately for the profits I had from (late) 2013, overall I am in not so bad a state for becoming a Bitcoin investor. But that is me out for good. I am both bored out my mind staring at charts trying to make sense of them, all the little 'fundamentals' dramas, and routinely failing to listen to my own better instincts. With the money I lost, I could have went out and replaced my car......fuck this shit.....even if it goes rebounding back up, I would most likely at that time be on the wrong end of a max leveraged short position, or if it keeps plummeting and plummeting, I would most likely keep going long. I have proven to myself that in anything but a clean bull market where any fool can make money, that I will just routinely slit my own throat and the same goes for the majority of folks out there. This is a sharks game and if u aint no shark then you are shark food.
I have moved my (remaining) funds off Bitstamp, leaving just a few hundred for my next Silk Road purchases.
Bitcoin has both impoverished and bored me to death and it is just not worth the mental effort.....but hey, that is bear markets for you.....nobody knows for sure that it is over until it is really over....of course, the rapid recovery spikes and the gradual down-trending followed by spikes down, should really have given the game away. We are still very much in a primary bear trend. If we weren't, then we wouldn't have dipped below $550, never mind $500.
Sorry to hear it.
Why didn't you just keep those 15 BTC and stash them for a rainy day in the future?
If you KNOW you're not a good trader, then the smart thing to do would just be hold for the long run if you understand
the fundamentals. (Not sure if you do though).
Here's the thing with "trying to make sense of it all" with chart reading: trading is a game
of small edges. You will never make complete sense of it. The market does whatever
it wants and at any given moment can be affected by the decisions of 1 person. This
is more true for Bitcoin than for bigger markets. And trading profitably, consistently,
is extremely hard (and boring as you mentioned).... I don't even try any more. It's
not worth my energy. I'd rather be doing something productive or creative. But
I do understand the fundamentals of Bitcoin and that's why i'm holding.