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Topic: Do not panic, its not the end of bitcoin FFS (Read 1739 times)
Omfg you all better sell before you lose everything! From $81 to $0.81 to $0.08!!! Just wait! (In pure speculation )
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Loving these threads.
Saw Loving these retards at first
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selll sell selll
I'm going to buy in next week so please make me a nice price
I'm going to buy in next week so please make me a nice price
I'm sure we could debate this for hours. In work in the finance industry and there are certainly day traders that can take advantage of market inefficiencies for a time and indeed make quite a bit of money. Eventually they always do run out of steam as the market changes or others catch in to their schemes.
Regardless, bitcoin is far too small of a market with far too low liquidity to successfully day trade. Additionally, I doubt that many people here have the knowledge and experience to make money at it if they did. 90% of the predictions on these forums are based on someone's hunch or some really basic TA without anything else to back it up. People like to see patterns where there isn't. It's the way out brains work. People love to fit the 2011 bubble crashes graph over 2013s as if that is supposed to mean something. 99% of what you read here is bullshit. The only thing that seems to be consistent is this: when the market is up, the bulls come out, when the market is down, the bears come. Note that the bitcoin price is the driving force here. It would be great if it were the other way around because then we'd all be rich!
I'm sure we could too. I work on the exchange floor of the Chicago Board of Trade and I will gladly introduce you to more traders than you will ever bother to remember that have traded almost their entire lives quite successfully. Traders that fail to change with the market, fail in the end. And the way our brains work is exactly like you said. When the market goes up the bulls come out and when the market goes down the bears come. The smart, successful trader is the one who removes himself from either of those two groups and proceeds to take advantage of both of them.
The only things I would somewhat agree with in your post are the problems of liquidity, and stupidity.
Like you said, people are pretty predictable based on what the market is doing. If you can't see the insanely simple logic to using that in trading then you're smart to stay out of the game. Being a successful trader is often times so ridiculously easy and stupid that people refuse to believe it.
I also worked in Wealth management and will soon be receiving my degree in finance. The worlds of finance and of trading are insanely different worlds and I didn't realize that until I started working on the floor and meeting traders. I know now that every perception I had of trading before I surrounded myself by it was completely wrong, and is also shared by just about everybody in the finance world that ISN'T in trading.
So what is your opinion of the current bitcoin market? Are you a bull or a bear?
Doesn't matter to me, none of my strategies try to capitalize on overall trend. I don't care if overall trend is bullish, bearish, or neutral. I have strategies to take my piece of the action in just about any market conditions.
I'm sure we could debate this for hours. In work in the finance industry and there are certainly day traders that can take advantage of market inefficiencies for a time and indeed make quite a bit of money. Eventually they always do run out of steam as the market changes or others catch in to their schemes.
Regardless, bitcoin is far too small of a market with far too low liquidity to successfully day trade. Additionally, I doubt that many people here have the knowledge and experience to make money at it if they did. 90% of the predictions on these forums are based on someone's hunch or some really basic TA without anything else to back it up. People like to see patterns where there isn't. It's the way out brains work. People love to fit the 2011 bubble crashes graph over 2013s as if that is supposed to mean something. 99% of what you read here is bullshit. The only thing that seems to be consistent is this: when the market is up, the bulls come out, when the market is down, the bears come. Note that the bitcoin price is the driving force here. It would be great if it were the other way around because then we'd all be rich!
I'm sure we could too. I work on the exchange floor of the Chicago Board of Trade and I will gladly introduce you to more traders than you will ever bother to remember that have traded almost their entire lives quite successfully. Traders that fail to change with the market, fail in the end. And the way our brains work is exactly like you said. When the market goes up the bulls come out and when the market goes down the bears come. The smart, successful trader is the one who removes himself from either of those two groups and proceeds to take advantage of both of them.
The only things I would somewhat agree with in your post are the problems of liquidity, and stupidity.
Like you said, people are pretty predictable based on what the market is doing. If you can't see the insanely simple logic to using that in trading then you're smart to stay out of the game. Being a successful trader is often times so ridiculously easy and stupid that people refuse to believe it.
I also worked in Wealth management and will soon be receiving my degree in finance. The worlds of finance and of trading are insanely different worlds and I didn't realize that until I started working on the floor and meeting traders. I know now that every perception I had of trading before I surrounded myself by it was completely wrong, and is also shared by just about everybody in the finance world that ISN'T in trading.
So what is your opinion of the current bitcoin market? Are you a bull or a bear?
Quote from: bitwhizz
DO NOT SELL
Why shouldn't I sell? Bitcoins are in a downtrend. It makes sense to sell high and buy low. Why is selling automatically panic selling? I am not panicking at all. I am making smooth, rational decisions that are making me lots of money. Y'all are panicking. I'm just trading.
I believe that bitcoin will succeed. Long-term bull. It will revolutionize money and may even bring an end to the modern socialist authoritarian state as we know it. With help from other systems like BitMessage, OpenTransactions, Tor, Freenet, I2P, Dot-Bit (namecoin,) etc. But in the meantime, I'm not going to sit around and lose money because I'm unable to come to terms with reality. I'm not going to donate my life savings to the "revolution" and watch it all get drained away if I can instead profit.
I'm sure we could debate this for hours. In work in the finance industry and there are certainly day traders that can take advantage of market inefficiencies for a time and indeed make quite a bit of money. Eventually they always do run out of steam as the market changes or others catch in to their schemes.
Regardless, bitcoin is far too small of a market with far too low liquidity to successfully day trade. Additionally, I doubt that many people here have the knowledge and experience to make money at it if they did. 90% of the predictions on these forums are based on someone's hunch or some really basic TA without anything else to back it up. People like to see patterns where there isn't. It's the way out brains work. People love to fit the 2011 bubble crashes graph over 2013s as if that is supposed to mean something. 99% of what you read here is bullshit. The only thing that seems to be consistent is this: when the market is up, the bulls come out, when the market is down, the bears come. Note that the bitcoin price is the driving force here. It would be great if it were the other way around because then we'd all be rich!
I'm sure we could too. I work on the exchange floor of the Chicago Board of Trade and I will gladly introduce you to more traders than you will ever bother to remember that have traded almost their entire lives quite successfully. Traders that fail to change with the market, fail in the end. And the way our brains work is exactly like you said. When the market goes up the bulls come out and when the market goes down the bears come. The smart, successful trader is the one who removes himself from either of those two groups and proceeds to take advantage of both of them.
The only things I would somewhat agree with in your post are the problems of liquidity, and stupidity.
Like you said, people are pretty predictable based on what the market is doing. If you can't see the insanely simple logic to using that in trading then you're smart to stay out of the game. Being a successful trader is often times so ridiculously easy and stupid that people refuse to believe it.
I also worked in Wealth management and will soon be receiving my degree in finance. The worlds of finance and of trading are insanely different worlds and I didn't realize that until I started working on the floor and meeting traders. I know now that every perception I had of trading before I surrounded myself by it was completely wrong, and is also shared by just about everybody in the finance world that ISN'T in trading.
Why not sell ? is the wise solution. If you sell yesterday you will have 91$ per BTC, if you sold today you have 81$ per bitcoins if you sell tomorrow you will have 71$ for BTC 
Its wise decision
Its wise decisionNo because no one knows if it's gonna be $71 tomorrow or back at $91.
Panic selling is the worst thing you can do. If you are long term bullish on bitcoin which I imagine most of us are (this IS the bitcoin forums) then you should be holding now. Or buying if you are continuing to invest.
Day traders without insider information may get lucky from time to time but they will ALWAYS lose in the long run.
As someone who works in the trading industry I beg to differ. Day traders make money by identifying patterns and finding the probability of a certain result. They then trade based on positive expected values so that in the long run they DON'T lose. I think you'll find that the majority of traders who understand this and do their due diligence before ever trading come out to be quite successful in the long run.
Day traders who think they can look at a moving average and tell where price is going in the next five minutes always lose in the long run. Don't group us all together.
I'm sure we could debate this for hours. In work in the finance industry and there are certainly day traders that can take advantage of market inefficiencies for a time and indeed make quite a bit of money. Eventually they always do run out of steam as the market changes or others catch in to their schemes.
Regardless, bitcoin is far too small of a market with far too low liquidity to successfully day trade. Additionally, I doubt that many people here have the knowledge and experience to make money at it if they did. 90% of the predictions on these forums are based on someone's hunch or some really basic TA without anything else to back it up. People like to see patterns where there isn't. It's the way out brains work. People love to fit the 2011 bubble crashes graph over 2013s as if that is supposed to mean something. 99% of what you read here is bullshit. The only thing that seems to be consistent is this: when the market is up, the bulls come out, when the market is down, the bears come. Note that the bitcoin price is the driving force here. It would be great if it were the other way around because then we'd all be rich!
Why not sell ? is the wise solution. If you sell yesterday you will have 91$ per BTC, if you sold today you have 81$ per bitcoins if you sell tomorrow you will have 71$ for BTC Its wise decision
Its wise decisionNo because no one knows if it's gonna be $71 tomorrow or back at $91.
Panic selling is the worst thing you can do. If you are long term bullish on bitcoin which I imagine most of us are (this IS the bitcoin forums) then you should be holding now. Or buying if you are continuing to invest.
Day traders without insider information may get lucky from time to time but they will ALWAYS lose in the long run.
No no no ... sell sell sell .. I have buy orders at$ 49.99
Why not sell ? is the wise solution. If you sell yesterday you will have 91$ per BTC, if you sold today you have 81$ per bitcoins if you sell tomorrow you will have 71$ for BTC Its wise decision
Its wise decisionNo because no one knows if it's gonna be $71 tomorrow or back at $91.
Panic selling is the worst thing you can do. If you are long term bullish on bitcoin which I imagine most of us are (this IS the bitcoin forums) then you should be holding now. Or buying if you are continuing to invest.
Day traders without insider information may get lucky from time to time but they will ALWAYS lose in the long run.
As someone who works in the trading industry I beg to differ. Day traders make money by identifying patterns and finding the probability of a certain result. They then trade based on positive expected values so that in the long run they DON'T lose. I think you'll find that the majority of traders who understand this and do their due diligence before ever trading come out to be quite successful in the long run.
Day traders who think they can look at a moving average and tell where price is going in the next five minutes always lose in the long run. Don't group us all together.
Why not sell ? is the wise solution. If you sell yesterday you will have 91$ per BTC, if you sold today you have 81$ per bitcoins if you sell tomorrow you will have 71$ for BTC Its wise decision
Its wise decisionNo because no one knows if it's gonna be $71 tomorrow or back at $91.
Panic selling is the worst thing you can do. If you are long term bullish on bitcoin which I imagine most of us are (this IS the bitcoin forums) then you should be holding now. Or buying if you are continuing to invest.
Day traders without insider information may get lucky from time to time but they will ALWAYS lose in the long run.
cheers for that
Why not sell ? is the wise solution. If you sell yesterday you will have 91$ per BTC, if you sold today you have 81$ per bitcoins if you sell tomorrow you will have 71$ for BTC Its wise decision
Its wise decisionNo because no one knows if it's gonna be $71 tomorrow or back at $91.
Panic selling is the worst thing you can do. If you are long term bullish on bitcoin which I imagine most of us are (this IS the bitcoin forums) then you should be holding now. Or buying if you are continuing to invest.
Day traders without insider information may get lucky from time to time but they will ALWAYS lose in the long run.
Panic! It's the end of Bitcoin FFS!
Lol @ the bears
Nothing out there is a fixed supply, nothing is as comfortable as BTC. Bears can only growl, whenever they give a reason it's just too easy to counter it. How can anyone invest in anything that isn't a fixed supply.
Nothing out there is a fixed supply, nothing is as comfortable as BTC. Bears can only growl, whenever they give a reason it's just too easy to counter it. How can anyone invest in anything that isn't a fixed supply.
Everyones panicing as if we havn't seen a drop before, i mean by now i would think that the majority of the forum members are desensitised to drops as they have seen it in bitcoin so many times, thats how bitcoin is, and no doubt bitcoin will go back up, its called the circle of bitcoin, if anything now s the time to buy ! 80 dollar coins! you were all think 80 dollar coins were cheap when bitcoin was 180 dollars, now its 80 dollars, its still cheap
point is
either
hold
buy
but
DO NOT SELL
point is
either
hold
buy
but
DO NOT SELL
If the Bitcoin losts 10$ each week, it's not a bad thing to sell, and buy cheaper, even if you're 100% bullish
Why not sell ? is the wise solution. If you sell yesterday you will have 91$ per BTC, if you sold today you have 81$ per bitcoins if you sell tomorrow you will have 71$ for BTC Its wise decision
Its wise decision 
if no one's selling, how will i buy?
Loving these threads.
whatever sell, i don't care. please keep selling actually. my wires are coming in, still waiting it out
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