What I would like to add to whatever I was saying earlier in this thread is, that i have noticed too many people around here are watching the price move on tick to tick basis and they cheering its every move. I understand some of you are new to the whole trading in general, but these comments on every tiny move without any real volume behind it make you look like a fortune tellers.
Since I'm fairly new to this whole thing .. Is there a section for bitcoin daytraders ?
This is the section for bitcoin daytraders! I alerted people to get out in the high 18's yesterday....and said once it hit below 15 that losses would accelerate. It took only a few minutes to get in the 13's once it broke the $15 psychological barrier. I think there will be some money to be made short-term if you can get in at $12 and then sell quickly on a bounce before it falls below $10. I day-traded stocks for years so I do have experience in this field. My worst day was when I went to the corner store to go by cigarettes and came back a few minutes later and had lost over $5,000.
-- that's when the dow was losing over 400 points in a day....the bitcoin is as about us unstable right now as stocks were during those days.
I really wish there was a way to short bitcoin so you could make some easy money right now! I'm going to buy my first $5,000 worth once it drops to around $8 or $9. Then if it's gets to $5 I will pick up $10,000 more. Excited to get in!
