Bubble! I've just sold!! - page 3. | Bitcointalksearch.org

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: zkay on March 06, 2013, 03:25:55 PM

Quote from: piramida on March 06, 2013, 02:56:50 PM

Quote from: RodeoX on March 06, 2013, 02:34:55 PM

Cut the guy some slack here.

It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid.

Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen

Hope this particular OP would be smarter and would waste all profits on booze.

I sold 45% of my stake at 45.50 last night and recouped 120% of my initial investment. Left the remaining 55% on the exchange to ride it out. My goal at the moment is short term trading to get my USD funds up enough to buy one of these:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331429112

Or if BTC goes to the moon:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331757394

Am I doing it right? Wink

Fun! I have an AK and they are great toys.
When you buy, try using bitcoinLook at these:
http://www.gunbroker.com/All/BI.aspx?Keywords=bitcoin&SearchType=1

zkay

full member

Activity: 126

Merit: 100

Quote from: piramida on March 06, 2013, 02:56:50 PM

Quote from: RodeoX on March 06, 2013, 02:34:55 PM

Cut the guy some slack here.

It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid.

Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen

Hope this particular OP would be smarter and would waste all profits on booze.

I sold 45% of my stake at 45.50 last night and recouped 120% of my initial investment. Left the remaining 55% on the exchange to ride it out. My goal at the moment is short term trading to get my USD funds up enough to buy one of these:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331429112

Or if BTC goes to the moon:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331757394

Am I doing it right? Wink

arruah

legendary

Activity: 1357

Merit: 1004

nice try.

sgbett

legendary

Activity: 2576

Merit: 1087

Tonight I'm boozing all my profits on wasted

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: RodeoX on March 06, 2013, 02:34:55 PM

Cut the guy some slack here.

It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid.

Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen

Hope this particular OP would be smarter and would waste all profits on booze.

Transisto

donator

Activity: 1731

Merit: 1008

Why anyone would bother replying to these threads is beyond me.

OP might have sold as little as 10 btc for all we know.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Cut the guy some slack here. If he was speculating to profit in USD and did then it's hard to argue with his success. Especially on the basis of future potential profits. Even if the price is $100 tomorrow he has won as a speculator.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Selling 95% is overreacting to a vague "bubble about to burst" thought. Anyway, I hope OP spends wisely and enjoys life...

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: shkiser on March 06, 2013, 01:49:04 PM

Ive bought today at $53 thats how much faith I have.

Are you using some special exchange that sells at gox +5$ prices?

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: ?? on ??

Quote from: Piper67 on March 06, 2013, 02:26:05 PM

Quote from: Gatekeeper on March 06, 2013, 02:25:02 PM

why anyone would sell bitcoins to buy gold or silver i have no idea.

Because they have failed to understand Bitcoin on a pretty fundamental level.

Nah, sellers provide a valuable service. Thank you OP!

Don't get me wrong. I agree with you 100%, but still, on some deep level, they just don't get it.

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: Gatekeeper on March 06, 2013, 02:25:02 PM

why anyone would sell bitcoins to buy gold or silver i have no idea.

Because they have failed to understand Bitcoin on a pretty fundamental level.

Gatekeeper

sr. member

Activity: 358

Merit: 250

why anyone would sell bitcoins to buy gold or silver i have no idea.

shkiser

sr. member

Activity: 350

Merit: 250

how many did you unload. Just curious Huh

flaab

full member

Activity: 121

Merit: 100

Quote from: notme on March 06, 2013, 01:48:35 PM

Quote from: xxjs on March 06, 2013, 01:44:15 PM

Quote from: flaab on March 06, 2013, 01:13:57 PM

Dear friends,

This post is to let you know that the the bubble is about to burst, luckly the price will settle down about 15-20usd/btc after the plunge. Don't fool yourselves, the price of something cannot go up forever. I don't know how further is the bubble going to go, but I'm not going to find out.

Since there is no way to short bitcoins, you'll wake up in a no-bid market soon and suffer an horrendous gap.

I've cashed out almost 95% of my bitcoins. Now...it should go down to 20 again :-)

Are you in fiat?
What is your exit strategy?

+1. Why would you hold dollars at a time like this?

I don't. I am using most of it to purchase a real estate property and fund future's contracts.

I also bought phyisical gold and silver. I had a load of bitcoins!

shkiser

sr. member

Activity: 350

Merit: 250

OP cant wait to see you eat crow when price jumps $2 tonight. Grin

SaintFlow

sr. member

Activity: 476

Merit: 250

The first is by definition not flawed.

Why did I see this post comming?

Got news for you: you coins found the strong hands they needed
and without any malice: use your dollars wise!

Frequency

hero member

Activity: 540

Merit: 500

COINDER

Why call it "cash out" when you get back to fiat ...doesn't make sense to me .. But he who am I..!!

The BTC is brandnew technology nothing in the past to compare not even to last years..
.all the good " mainstream" things only happend since the rise started ... before it was mostly scams and sh!t ...

We are only starting to get momentum..!!! Hold on and enjoy the ride..!!! Wink

Gatekeeper

sr. member

Activity: 358

Merit: 250

If you sell your bitcoins under $50, you're gonna have a baaaaaad tiiiiiime

Melbustus

legendary

Activity: 1722

Merit: 1003

Quote from: Bitcopia on March 06, 2013, 01:49:42 PM

While bitcoin is undoubtedly becoming more widely accepted and adopted, this market has grown almost exponentially over the past couple months. I sold at $49. Now I'm waiting for the correction to buy back more than I had before!

Yup. Could crash 50% today. Or march straight to $120 and crash to $60. If you believe in bitcoin long-term, and understand that the price discovery process for bootstrapping a new global currency from nothing is going to crazy wild and unpredictable, how can you have the confidence to sell?

If you're not a long-term bull, sure.

Bitcopia

hero member

Activity: 715

Merit: 500

While bitcoin is undoubtedly becoming more widely accepted and adopted, this market has grown almost exponentially over the past couple months. I sold at $49. Now I'm waiting for the correction to buy back more than I had before!

Topic: Bubble! I've just sold!! - page 3. (Read 6250 times)