Topic: Bought at top, sold at the bottom :-( (?) - page 2. (Read 3315 times)
I sold 10% of my Bitcoins at $1,010.... but then panicked and bought them back for $1,015. Damn... it went all the way to $480. I'd have gained a lot had I waited for some time.
I think your post is stupid and impulsive.
Not having sold when the price has fallen to 70$ doesn't necessarily make you a smart person but having bought over 200$ during the insane April mania makes you look a little bit impulsive.
Not having sold when the price has fallen to 70$ doesn't necessarily make you a smart person but having bought over 200$ during the insane April mania makes you look a little bit impulsive.
Nobody bought or sold at the top, cause we haven't seen the top yet.
It might be naive but most people who bought high and sold low - would have done it in the belief that it is going to drop some more, but they gravely over estimate the bottom price.
In your example you bought at 200, what if you sold at 100 and bought back at 70? then you would end up with more Bitcoins. If you badly miscalculated then you sold at 70 hoping to buy back at 50 but that never happened, it went back to 140 and you paid a big price, you bought at an inflated price and you have less than half of even that.
I think that's what happens to most people who try their luck on the exchange. If you are a newbie, and you are on an exchange like btc-e then you don't take the trollbox with a pinch of salt.
Also I feel if you have never traded before (like in regular stocks etc) then the inexperience of trading itself can become a handicap if you are not well prepared.
I lost of couple of litecoins before I found my feet. I am actually glad I lost it because it was a great learning experience in what not to do. As yet that loss is not big enough to hurt but the lesson I consider is big.
In your example you bought at 200, what if you sold at 100 and bought back at 70? then you would end up with more Bitcoins. If you badly miscalculated then you sold at 70 hoping to buy back at 50 but that never happened, it went back to 140 and you paid a big price, you bought at an inflated price and you have less than half of even that.
I think that's what happens to most people who try their luck on the exchange. If you are a newbie, and you are on an exchange like btc-e then you don't take the trollbox with a pinch of salt.
Also I feel if you have never traded before (like in regular stocks etc) then the inexperience of trading itself can become a handicap if you are not well prepared.
I lost of couple of litecoins before I found my feet. I am actually glad I lost it because it was a great learning experience in what not to do. As yet that loss is not big enough to hurt but the lesson I consider is big.
Hello, i would just like to ask, how many people (here or those you know of) bought bitcoin at top (in april (above $200) or at the end of 2013 above i dont know... around $800 or similiar) and when the price had fallen down (to around $100 or below in April and around $500 or below in the end of 2013...) they have sold :-)... Was anybody so naive and stupid :-)?
I bought it over $200 in april and then the price has fallen to $70 and stabilized around $100 for several months, i didnt sell, or even think of selling, i was just reconciled that i have lost my money and be it, or i will just wait, i did even stopped paying bitcoin an attention or just checking the price in the months between :-), but for god sake i didnt think about selling :-).
Did anybody you know bought at top and sold at the bottom? How many % of the new adopters are they, 20%, why are the people so stupid and impulsive?
I bought it over $200 in april and then the price has fallen to $70 and stabilized around $100 for several months, i didnt sell, or even think of selling, i was just reconciled that i have lost my money and be it, or i will just wait, i did even stopped paying bitcoin an attention or just checking the price in the months between :-), but for god sake i didnt think about selling :-).
Did anybody you know bought at top and sold at the bottom? How many % of the new adopters are they, 20%, why are the people so stupid and impulsive?
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