Don't SELL !! | Bitcointalksearch.org

grod

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Quote from: Justsomeforumuser on June 11, 2011, 08:14:59 PM

Quote from: grod on June 11, 2011, 07:56:35 PM

OP,
Take your loss, educate yourself a bit on charting, currency trading and daytrading and maybe try hunting again later when you are better armed.

How on earth would charting and ccy/daytrading have anything to do with BTC?

There are zero reliable "levels" in the BTC market, let alone proper margin accounts, instant execution, depth, etc..it doesn't even make sense to get started to pretend that BTC is in any way a "truly" tradeable market outside of hitting buy and sell on mtgox randomly.

You've just made my point. Understanding the ramifications of lack of derivatives, liquidity but most importantly transparency and oversight is critical to understand the ramifications on BTC price fluctuations.

The crowd psychology part re: charting & day trading has already been addressed.

dserrano5

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Quote from: Justsomeforumuser on June 11, 2011, 08:14:59 PM

Quote from: grod on June 11, 2011, 07:56:35 PM

OP,
Take your loss, educate yourself a bit on charting, currency trading and daytrading and maybe try hunting again later when you are better armed.

How on earth would charting and ccy/daytrading have anything to do with BTC?

There are zero reliable "levels" in the BTC market, let alone proper margin accounts, instant execution, depth, etc..it doesn't even make sense to get started to pretend that BTC is in any way a "truly" tradeable market outside of hitting buy and sell on mtgox randomly.

Charting is about the behaviour of a heterogeneous group of people. It applies to the BTC market.

Justsomeforumuser

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Quote from: grod on June 11, 2011, 07:56:35 PM

OP,
Take your loss, educate yourself a bit on charting, currency trading and daytrading and maybe try hunting again later when you are better armed.

How on earth would charting and ccy/daytrading have anything to do with BTC?

There are zero reliable "levels" in the BTC market, let alone proper margin accounts, instant execution, depth, etc..it doesn't even make sense to get started to pretend that BTC is in any way a "truly" tradeable market outside of hitting buy and sell on mtgox randomly.

grod

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Activity: 154

Merit: 100

OP, you should sell your BTCs. I can sense how much stress the current drop is causing you. It's not worth it. Take your loss, educate yourself a bit on charting, currency trading and daytrading and maybe try hunting again later when you are better armed.

This crash is both necessary and welcome. It shakes out the weak hands, which is precisely what is needed for stability and further growth. I feel a lot better about my bitcoin investment now, mid crash than I did seeing BTC go from $8 to $30 in what seemed like a week.

That said, seeing as massive capacity is being added to every pool and difficulty is going up eye-poppingly every 2100 blocks I'm not selling any of mine. Unfortunately for you I'm not buying, since, well, "the trend is your friend" and "never catch a falling knife."

datguywhowanders

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I have 23 coins to play with. I'm a little sad I didn't sell at 30 and snatch them back up at 14, but such is life. Even though I spend a ridiculous amount of time on these forums and the IRC channels, I don't want to be trading every hour as the price goes one way or the other.

I'd like to make some money out of this whole thing in the end. Give it a couple years, and what is money at that point? I think the US dollar is on the decline, and that any measure our government takes is just postponing the inevitable. Right now I have bitcoins, I'll sell if I need cash to work within the system. Right now, I don't have that problem, and so I'm perfectly content to sit and wait.

I still believe this thing is going to take off, and the short term ups and downs mean nothing. I came in when BTC was at $7. It's still twice that in only 3 weeks. I'll take it and be excited

Jack of Diamonds

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Quote from: Vladimir on June 11, 2011, 06:37:06 PM

Do sell guys! SELL SELL SELL. Lower price will cause slower difficulty growth. This is ultimately good for me and most of my customers and those miners who convert fiat into bitcoin via mining. As opposed to those miners who sell most of mined bitcoins to operate and expand.

Short term speculation is fun, though. Especially if you have some spare non-critical USD on Gox.
It's like watching plants grow and die in front of your eyes, super-motion.

Long term BTC value aside, yes it's a rollercoaster on a 24hr scale.

Vladimir

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-

Do sell guys! SELL SELL SELL. Lower price will cause slower difficulty growth. This is ultimately good for me and most of my customers and those miners who convert fiat into bitcoin via mining. As opposed to those miners who sell most of mined bitcoins to operate and expand or as a fiat making enterprise.

BCEmporium

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Now I can open my dream business:
Selling pizza; 10,000 BTC Grin

piuk

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Quote from: Jack of Diamonds on June 11, 2011, 06:24:53 PM

Yes, in the 4 digits. I expect price to rise to 16 within 20 minutes, or more. Then it's sell time again.

Did you sell @ 16? Good call if you did.

Jack of Diamonds

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Activity: 252

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Quote from: Hans0 on June 11, 2011, 06:15:43 PM

Quote from: Jack of Diamonds on June 11, 2011, 06:10:55 PM

Made a mass buy at 14 again, lol.

Was it big enough to see it on the chart? I noticed activity on http://mtgoxlive.com/orders just now.

Yes, in the 4 digits. I expect price to rise to 16 within 20 minutes, or more. Then it's sell time again.

edit- Yes.

Hans0

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Quote from: Jack of Diamonds on June 11, 2011, 06:10:55 PM

Made a mass buy at 14 again, lol.

Was it big enough to see it on the chart? I noticed activity on http://mtgoxlive.com/orders just now.

piuk

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lol @ the britcoin order book. £23,708 to sell £293 to buy

Jack of Diamonds

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Made a mass buy at 14 again, lol.

Hans0

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Quote from: gres on June 11, 2011, 06:04:35 PM

this is like the yahoo finance boards..

And this was surely not a complement Tongue

Litt

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it's over

gres

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this is like the yahoo finance boards..

piuk

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Someone didn't listen.

Findeton

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Quote from: Jack of Diamonds on June 11, 2011, 05:54:45 PM

No, everyone should sell. Ignore the title of this thread. Sell everything right now while you still can.

This is not reverse psychology or bad advice. Sell. Get rid of your bitcoins. Bitcoin = bad. The feds are coming and there's no going back. It's about to finish within hours. The sooner you get out the better.

You really need some cheap bitcoins don't you.

I'm going to buy so many cheap bitcoins!

Jack of Diamonds

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Activity: 252

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No, everyone should sell. Ignore the title of this thread. Sell everything right now while you still can.

This is not reverse psychology or bad advice. Sell. Get rid of your bitcoins. Bitcoin = bad. The feds are coming and there's no going back. It's about to finish within hours. The sooner you get out the better.

If you do not sell now you will regret it for the rest of your life. It will plummet into $1 and less by the end of this evening. Do something now before it's too late. Deposit all BTC you have right now to Mt. Gox and sell it off as fast as possible.

Gameover

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NEURAL.CLUB - FIRST SOCIAL ARTIFICIAL INTELLIGENCE

bahaha i sold all mine at $29, what price should i buy now? i missed the drop to $13, think it i will sink lower?

Topic: Don't SELL !! (Read 5337 times)