It's hard to define the very bottom until it happens. I studied the Gox charts and found multiple EW capitulation patterns
from April until July (final capitulation IMO), from the bubble spike and from other aborted bubbles.
Maybe a new term should be invented for these partial capitulations, until then I'm going to call each a capitulation.
I know some of you dislike the 'misuse' of the term, but I don't have a better one.
Topic: Am I the only one who feels relieved when the price goes down? (Read 4323 times)
November 20, 2013, 05:32:07 AM
I am a bit nervous about the way the price goes down, it starts to look erratic on Gox IMO.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.
Did you expect it to go down in an orderly manner? Lol
If you would have looked at the charts from April and June, then you would know that Gox
performs capitulation in a certain manner, with certain wave shapes. I studied them, but these new ones look erratic.
"Capitulation" means "surrender". As in, completely broken, no will to live any more. Finally give in and sell despondently. It refers to the very bottom. It's misused on this forum.
November 20, 2013, 05:29:29 AM
I m referring to those talking things like "900 was the right price to sell".
No kidding.
I mean that they are saying that only after the crash happened
What, you expect us to say what we're going to do before we do it? That's stupid. It's more fun to wait and say what we did after everyone else starts panicking, that way we get to watch them get angry at us. It's hilarious. No kidding.
I mean that they are saying that only after the crash happened
No, he's saying you're full of shit and I agree
November 20, 2013, 12:20:18 AM
I m referring to those talking things like "900 was the right price to sell".
No kidding.
I mean that they are saying that only after the crash happened
What, you expect us to say what we're going to do before we do it? That's stupid. It's more fun to wait and say what we did after everyone else starts panicking, that way we get to watch them get angry at us. It's hilarious. No kidding.
I mean that they are saying that only after the crash happened
November 19, 2013, 11:01:36 PM
I am a bit nervous about the way the price goes down, it starts to look erratic on Gox IMO.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.
Did you expect it to go down in an orderly manner? Lol
If you would have looked at the charts from April and June, then you would know that Gox
performs capitulation in a certain manner, with certain wave shapes. I studied them, but these new ones look erratic.
November 19, 2013, 10:53:40 PM
Remember the saying: Bulls make money, bears make money, pigs get slaughtered!
What about those who bought a while ago and now just sit back and watch. Are they making money?
November 19, 2013, 10:34:18 PM
People in this forum know exactly when to sell and when to buy. That is only AFTER a crash or AFTER a meteoric rise of course
You mean DURING, not AFTER. DURING a crash is exactly when to buy, and DURING a meteoric rise is exactly when to sell. That's why I sold at $857. Easy money. 
I m referring to those talking things like "900 was the right price to sell".
No kidding.
I mean that they are saying that only after the crash happened
November 19, 2013, 10:00:48 PM
People in this forum know exactly when to sell and when to buy. That is only AFTER a crash or AFTER a meteoric rise of course
You mean DURING, not AFTER. DURING a crash is exactly when to buy, and DURING a meteoric rise is exactly when to sell. That's why I sold at $857. Easy money. November 19, 2013, 09:58:13 PM
$900 Happened when i was sleeping. Didnt have any chance to sell and buy at the dip after that. Not very happy
November 19, 2013, 09:24:24 PM
People in this forum know exactly when to sell and when to buy. That is only AFTER a crash or AFTER a meteoric rise of course
November 19, 2013, 09:18:48 PM
Missed my boat because of greed. Got down to $530 on CAVirtex....now $610. FML. Wait for the next dip I guess?
November 19, 2013, 09:17:52 PM
And not only that, if they tax my gains, then all my mining gear and electricity and part of my mortgage (space) is now a tax deduction, thank you very much.
Now if only we had some kind of bitcoin-like ledger to manage and track all our deductions
Ha ha. We do (sort of). MS Excel.
November 19, 2013, 09:07:34 PM
My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".
What cheap? The all time high on gox 48hours ago was 550. No we are above 600$. Define "cheap"
November 19, 2013, 09:04:46 PM
I feel relieved when things like the Silk Road 'crash' happen. I.e, when a selloff happens but people eagerly prop the price up again. Basically, August/September were my dream months. Ok, October & November (up until yesterday) were dreamy as well, but from a pocketbook perspective, as opposed to maybe-I'll-sleep-a-bit perspective.
November 19, 2013, 08:54:45 PM
And not only that, if they tax my gains, then all my mining gear and electricity and part of my mortgage (space) is now a tax deduction, thank you very much.
Now if only we had some kind of bitcoin-like ledger to manage and track all our deductions
November 19, 2013, 08:46:17 PM
$720 for me. I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.
Well...not quite double for free. Bitcoin regulation is well on its way and uncle sam (or other tax authority) will want to capture your gains on that sale at $720. Bitcoin will be quite traceable and I suspect audits will come down the line for anyone reporting gains in bitcoins in 5 years or so. So you'll get double coins but probably a small tax bill to make up for it.
It's not all bad news though. Ask your landlord (if you have one, for instance) if he/she will accept rent in bitcoins, and buy the difference of bitcoins in your rent. That way, your "new" bitcoins will get taxed against that rate, instead of the cheaper rate. I think that's excellent motivation to spur the adoption of bitcoins
And not only that, if they tax my gains, then all my mining gear and electricity and part of my mortgage (space) is now a tax deduction, thank you very much.
Haven't mined since summer 2011, but maybe I should let a GPU run for the deduction.
November 19, 2013, 08:44:53 PM
$720 for me. I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.
Well...not quite double for free. Bitcoin regulation is well on its way and uncle sam (or other tax authority) will want to capture your gains on that sale at $720. Bitcoin will be quite traceable and I suspect audits will come down the line for anyone reporting gains in bitcoins in 5 years or so. So you'll get double coins but probably a small tax bill to make up for it.
It's not all bad news though. Ask your landlord (if you have one, for instance) if he/she will accept rent in bitcoins, and buy the difference of bitcoins in your rent. That way, your "new" bitcoins will get taxed against that rate, instead of the cheaper rate. I think that's excellent motivation to spur the adoption of bitcoins
And not only that, if they tax my gains, then all my mining gear and electricity and part of my mortgage (space) is now a tax deduction, thank you very much.
November 19, 2013, 08:43:57 PM
$720 for me. I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.
Well...not quite double for free. Bitcoin regulation is well on its way and uncle sam (or other tax authority) will want to capture your gains on that sale at $720. Bitcoin will be quite traceable and I suspect audits will come down the line for anyone reporting gains in bitcoins in 5 years or so. So you'll get double coins but probably a small tax bill to make up for it.
It's not all bad news though. Ask your landlord (if you have one, for instance) if he/she will accept rent in bitcoins, and buy the difference of bitcoins in your rent. That way, your "new" bitcoins will get taxed against that rate, instead of the cheaper rate. I think that's excellent motivation to spur the adoption of bitcoins
Uncle Sam can kiss my ass....I live in Canada.
November 19, 2013, 08:42:04 PM
Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
LOL, this is the most insightful thing I've read in the spec forum for a loooong time.
November 19, 2013, 08:40:06 PM
$720 for me. I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.
Well...not quite double for free. Bitcoin regulation is well on its way and uncle sam (or other tax authority) will want to capture your gains on that sale at $720. Bitcoin will be quite traceable and I suspect audits will come down the line for anyone reporting gains in bitcoins in 5 years or so. So you'll get double coins but probably a small tax bill to make up for it.
It's not all bad news though. Ask your landlord (if you have one, for instance) if he/she will accept rent in bitcoins, and buy the difference of bitcoins in your rent. That way, your "new" bitcoins will get taxed against that rate, instead of the cheaper rate. I think that's excellent motivation to spur the adoption of bitcoins
November 19, 2013, 08:03:04 PM
$720 for me. I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.
Smart man.
Remember the saying: Bulls make money, bears make money, pigs get slaughtered!
Exactly. I feel greedy enough doubling up my coins! I do feel bad for selling 100% of my BTC though. I am mining, so new coinage is always coming in and I AM supporting the network....but still...
November 19, 2013, 08:00:38 PM
$720 for me. I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.
Smart man.
Remember the saying: Bulls make money, bears make money, pigs get slaughtered!
November 19, 2013, 07:56:56 PM
The smarty people cashed out at 700-900.
Will be buying again around 300-500.
A lot of bulls licking their wounds right now.
Will be buying again around 300-500.
A lot of bulls licking their wounds right now.
$720 for me. I need $344 to double up my coins. I don't mind if it dips below $300, I'll still buy right at $344..double coins makes me happy either way.
November 19, 2013, 07:26:15 PM
Its easy to say this now, right ?
Yes, see my post below that one.
It was predictable the pro traders were going to dump right before it got to 1000 so they would be left holding the bag, and could clock in some nice profit.
Traders don't hold onto something if they can cash out and buy in again way cheaper.
November 19, 2013, 07:24:40 PM
The smarty people cashed out at 700-900.
Will be buying again around 300-500.
A lot of bulls licking their wounds right now.
Will be buying again around 300-500.
A lot of bulls licking their wounds right now.
Its easy to say this now, right ?
Don't mock captain heignsight!
November 19, 2013, 07:16:18 PM
The smarty people cashed out at 700-900.
Will be buying again around 300-500.
A lot of bulls licking their wounds right now.
Will be buying again around 300-500.
A lot of bulls licking their wounds right now.
Its easy to say this now, right ?
November 19, 2013, 07:15:44 PM
No, I'm referring to Gox price.
China is a whole other story.
It's seems like it's down to human psychology, maybe.
Most people probably had their sell orders set to 1,000 (a psychological threshold). The smart money anticipates this and sets theirs to 900.
Just a theory, but... Winning.
China is a whole other story.
It's seems like it's down to human psychology, maybe.
Most people probably had their sell orders set to 1,000 (a psychological threshold). The smart money anticipates this and sets theirs to 900.
Just a theory, but... Winning.
November 19, 2013, 07:06:31 PM
Very few cashed out at $900.
(unless you mean BTCChina)
(unless you mean BTCChina)
November 19, 2013, 07:04:32 PM
The smarty people cashed out at 700-900.
Will be buying again around 300-500.
A lot of bulls licking their wounds right now.
Will be buying again around 300-500.
A lot of bulls licking their wounds right now.
November 19, 2013, 06:59:15 PM
I am a bit nervous about the way the price goes down, it starts to look erratic on Gox IMO.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.
Did you expect it to go down in an orderly manner? Lol
November 19, 2013, 06:48:38 PM
For the future, reliability and credibility of bitcoin it's really a good thing that the value is in normal regions.
November 19, 2013, 06:45:54 PM
Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
Agreed.
November 19, 2013, 06:21:17 PM
Bitcoin has only ever been at this price today and yesterday. How can you call it cheap?
Because Bitcoins have always been cheap. They'll continue to be cheap for a while.
November 19, 2013, 06:19:40 PM
Bitcoin has only ever been at this price today and yesterday. How can you call it cheap?
November 19, 2013, 06:16:07 PM
Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
I think I'm squarely in #2... but only because I'm really hoping to pay off my mortgage someday soon. Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
November 19, 2013, 06:05:45 PM
Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
1. Bitcoin goes up and down $300 in one day
2. You calculate the swing in your net worth
3. You think it's hilarious
This will be even bigger in a couple of years if Bitcoin is way higher. But even now, some people must have multi-million dollar swings in an hour. Must be nice
November 19, 2013, 06:01:55 PM
I am a bit nervous about the way the price goes down, it starts to look erratic on Gox IMO.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.
I placed my buy order ay 80$, just in case there's a 100k dump till morning, so I can sleep well.
November 19, 2013, 05:28:17 PM
I love crashes! I used to be a bull, but now I always buy into a bear market.
Doesn't that still make you a bull?
I'm incredibly bullish on BTC long-term as well but would love another few days of ~$300 prices to buy some more up!
November 19, 2013, 05:05:07 PM
My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".
I like that, Government money. This is going to be rude, but has it ever occurred to you that that is my money, not magical government money?
Quote from: Buffer Overflow
Is it money you can afford to lose?
Not really.. I don't have much 
November 19, 2013, 03:50:36 PM
I love crashes! I used to be a bull, but now I always buy into a bear market.
November 19, 2013, 03:49:30 PM
Relieved the price is going down = you might not have enough Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
Relived the price is going up = you might have too many Bitcoins.
Bitcoin goes up and down $300 in one day and you say "meh" = you might have the right amount of Bitcoins.
November 19, 2013, 03:49:25 PM
My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".
Yes, but I don't want to feel relieved.
I plan on saving my BTCs for down the road, and don't have any need for them now, but it's always nice to see what they are currently worth and what I've paid for. Right now the value of my BTC are 400% the total monetary value i've put it...seeing that keep going up makes me feel happy inside.
November 19, 2013, 03:48:19 PM
I am very happy to see the price go down. It was really going crazy.
November 19, 2013, 03:42:16 PM
My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".
Is it money you can afford to lose?
November 19, 2013, 03:38:54 PM
My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".
I like that, Government money. This is going to be rude, but has it ever occurred to you that that is my money, not magical government money?
November 19, 2013, 03:37:44 PM
I find my emotions depend whether i want to buy or sell.
if i have enough bitcoin (or not any more money to spend) then I want the value to go up.
if I don't consider that I have enough bitcoin (or I have money I want to spend to buy them), then i want the value to go down.
if i have enough bitcoin (or not any more money to spend) then I want the value to go up.
if I don't consider that I have enough bitcoin (or I have money I want to spend to buy them), then i want the value to go down.
November 19, 2013, 03:07:35 PM
My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".
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