Topic: Can't get my fiat in fast enough! (Read 2020 times)

I don't know about him, but I'm personally excited about getting in on the beginning of what could be the biggest cultural revoltuion of our time.

I've been trying my damndest to convince my buddy at work that this is the future, not just some stock to invest in

I have been making steady gains since 2011...in either bull or bear modes.  Sometimes I day trade, sometimes I swing trade.  Only recently did I feel confident enough to deposit my fiat into the market.  All my previous trading was from coins gained by mining with GPU's.  I feel the time is right to throw some skin in the game.  Bitcoin mining and trading is my full time job now for the next 4-6 months before I go back to school and start working in the craft beer industry.

I barely realized that as well and missed out yesterday. But yes. Remember to be careful though. Rising price is loss of BTC but lower price is gain. That's what you want. Always buy lower than you sold for.

Ah, yes. That makes sense.

Short selling. You bought at 1 at 100, so borrow 1 and sell 2 now at 80, then buy back 4 at 40, give the guy you borrowed his 1 back and now you have 3. There, the price droped but you trippled your bitcoins (minus whatever fee the lender charges).

This is a total noob question but how do you make money when the price is going down? If I bought at 100 and the price is 80 now, wouldn't it make more sense to wait until the price is back over 100 to sell? How can I make money if I would need to sell at a loss?

Well, I guess it's nice to see that a few other people are making mad profits off of the volatility rather than sitting on the Speculation forums whining about the price. 

If the dollar or X stock was crashing you can bet I'd be making profits shorting the swings on the way down. No reason we can't do the same with Bitcoin, until it hits support (whatever that happens to be) and perhaps resumes a RATIONAL bull market rather than the 6%-per-day increase that scares everyone into panic selling. This trading behavior can help stabilize the market because it's hard to initiate a panic sell from $X when there are thousands of basement nerds setting limit orders at X-$2.50 every 5 minutes to catch the knives, and limit orders at X+$2.50 to limit the rebounds.

As was said elsewhere, it's like a game of musical chairs and as we get closer and closer to the floor, a lot of people will get left standing  We're going to see high volume as more people start to realize "Hey, instead of hanging around on internet forums complaining about the price, I can just make profit$ from the volatility!" It's EXTREMELY hard not to make money the past few days. If you're not a die-hard buy-and-holder, you should be doing it. It's the only game that all the bears and most of the bulls can play together

Yeah I missed a lot of great opportunities too. Get used to it. Better to learn how to make gains steadily than rely on stuff like this anyway.
Try coinbase if your American. You can lock in the current price but will have to wait 5 days or so to get your btc

deathcode's word doesn't mean much. This is especially true about his market predictions.

Thanks for allowing me to get some cheap coins in guys, either Bitcoin dies off or we rise to a new high. Personaly I think there are to many people still with empty wallets for Bitcoin stay down for long
 

+1

And I said I shouldn't comment but since then I decided to use a portion of my BTC to do trading, and so far it's been worthwhile!
but thanks for checking!

This coming from a guy who has a bear in the middle of a dollar avatar. haha

I didn't start mining alt coins until about 12 hours ago, so yes.

I fully expect this to be the case.  I'm investing long term for the push past the last all time high.

Also, I made a shit ton of money when the bubble popped last time by shorting with leverage on Bitcoinica.  Ah, the good old Bitcoinica days.  I think I make more money trading when the price goes down anyway.  It's a good set of skills to have.  The whole "When there is blood in the streets, buy [real estate]" saying, you know.

Blame yourself.

Yup. A downward pattern that has held since 160 and will most likely sink past 50.

I thought you were coming back when BTC reached $200?

For shame.

tbh im the same, im doing a mad funding to bitstamp atm...

I have a feeling the market is gonna get lower over the weekend, and I want cash to get coins....

tbh I need some coins next week anyway, so just looking for value for money lol

though have to admit, I think the market is being manipulated, there are some suspiciously repetitive numbers hitting the order books atm...

I bet that people was saying the same thing when the stock was worth $1 after the 2011 fall...
Nowdays, we consider a crash to be $55 (before) and now $79...
mmmm
The next crash will be $100...
And the next crash $150....


bears you don't see a pattern here?? just saying...