Me, too. With my luck any major sale of BTC will be the starting point of a rally to 10000.
I'll buy from you when you decide to sell, then.
Topic: Buy on the Way Up or on the Way Down (Read 3394 times)
I'll buy from you when you decide to sell, then.
When you follow the trends the odds are in your favor. For example, if you go long in an uptrend and there is a short term reversal
How do you know all that? Tomorrow, some large business may adopt Bitcoin. Or tomorrow the USA, EU, India, China and Japan decide to kill Bitcoin by arresting core developers of anything Bitcoin plus Julian Assange for gangraping Lara Croft. Or...
Seems likely that some event during the next months will render all extrapolations obsolete.
My current strategy is buy high and buy low (and never sell).
Me, too. With my luck any major sale of BTC will be the starting point of a rally to 10000.
My current strategy is buy high and buy low (and never sell).
When you follow the trends the odds are in your favor. For example, if you go long in an uptrend and there is a short term reversal you have various options of extricating yourself from the position. If the long term and mid term are intact you may even choose to ride it out for a few days. The same goes for being short in a downtrend.
When you fight the trend your odds of success are correspondingly lower, and you have to be right more often.
When you fight the trend your odds of success are correspondingly lower, and you have to be right more often.
I was just saying that it's good to buy and sell to make a profit, usually against the popular direction. Because when you're not following the masses, you can profit. Usually about 10%, or $2 if you're investing light.
I was just saying that it's good to buy and sell to make a profit, usually against the popular direction. Because when you're not following the masses, you can profit. Usually about 10%, or $2 if you're investing light.
Call me strange, maybe I just like being the outsider. *shrugs*
Yeah, I like being the outsider, too. "Buck the trend," if you will.
I prefer speculating against trends. I actually bought some on the way down from 6 to 4, and sold some on the mini-rallies. I do go in-trend if it seems necessary, but it feels better to have someone take my order than pulling the trigger myself.
Call me strange, maybe I just like being the outsider. *shrugs*
I guess to make good money, one must be flexible though. My best deal was one where I bought in-trend and sold into the continuing one.
Call me strange, maybe I just like being the outsider. *shrugs*
I guess to make good money, one must be flexible though. My best deal was one where I bought in-trend and sold into the continuing one.
if it seems like a bad time to invest in btc, why not buy some and spend them.
I like to buy high and sell low, mostly. Because if it goes up higher or goes lower than when I last bought or sold, I can make a profit. It's a pretty good plan.
I'm buying at regular intervals using a part of my income while keeping some cash available for deep drops regardless of whether it's going up or down. This mean I get the average price over longer time period.
As long as Bitcoin is not mainstream yet, it is cheap.
As long as Bitcoin is not mainstream yet, it is cheap.
And what is behind that link?
An anonymous user on a forum posts a link with no identifying inforamtion and no text explaining what it is, I think it is a valid time to be concerned that the link may be nefarious.
Sorry Peter. That is just a link that shows you how to Google your question. It was meant as a joke.
And what is behind that link?
TinyURL offers a handy "preview" feature.
And what is behind that link?
Oh grow up, just click on it.
Grow up? An anonymous user on a forum posts a link with no identifying inforamtion and no text explaining what it is, I think it is a valid time to be concerned that the link may be nefarious.
It's EXTREMELY nefarious. I died from clicking on it.
I hate lemonparty...
And what is behind that link?
Oh grow up, just click on it.
Grow up? An anonymous user on a forum posts a link with no identifying inforamtion and no text explaining what it is, I think it is a valid time to be concerned that the link may be nefarious.
It's EXTREMELY nefarious. I died from clicking on it.
And what is behind that link?
Oh grow up, just click on it.
Jagged! XD I'll be using this...
Exactly. Need to keep moving if you wanna keep up. Just buying and leaving them sitting there isn't a good idea at this stage. I won't be going all in until I see clear signs of a reversal (and not just another bounce). Market like this means time to play, lot of opportunity to make money still.
IMO going "all in" is another horrible strategy. TA, which you appear to practice, is simply a way of estimating probabilities of direction over timeframe. If you go all in and you're wrong you have no outs. A single fundamental event outside your control could destroy your ability to play another hand.
In other words, that poker-inspired strategy is just as bad as buy-and-hold in a bear market. Of course, nothing is as bad as a 100% all-in falling knife catch, but I don't believe anyone is dumb enough to do that.
You're right, the traps can be tricky. I'll have to sit down and seriously think about my breakpoints and my limits. I don't see a full reversal happening until after the holiday season so I haven't put much thought into it yet.
Exactly. Need to keep moving if you wanna keep up. Just buying and leaving them sitting there isn't a good idea at this stage. I won't be going all in until I see clear signs of a reversal (and not just another bounce). Market like this means time to play, lot of opportunity to make money still.
IMO going "all in" is another horrible strategy. TA, which you appear to practice, is simply a way of estimating probabilities of direction over timeframe. If you go all in and you're wrong you have no outs. A single fundamental event outside your control could destroy your ability to play another hand.
In other words, that poker-inspired strategy is just as bad as buy-and-hold in a bear market. Of course, nothing is as bad as a 100% all-in falling knife catch, but I don't believe anyone is dumb enough to do that.
The OWS movement has begun accepting donations in BTC. Just wanted to remind everyone of that / inform anyone who didn't already know.
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