Holders Unite! - page 2. | Bitcointalksearch.org

Rampion

legendary

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Quote from: BitChick on July 08, 2013, 08:46:23 PM

Well, seeing that the price dropped substantially and then bounced back slightly, it could have been smart to sell and buy back like many have done, or are doing. Of course, how do we really know for a fact this will happen? Also, I was out of town all weekend, with very little wireless service hiking in the mountains so I did not have much of a choice but to hold. Wink

Still, for some of us it is the best choice, if we really do not wan the stress of the roller coaster ride.

Hopefully we are back to triple digits soon enough. It seems like it is taking a while though.

We are in a downtrend, bubble deflation, so you should expect the price to go down.

semaforo

hero member

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Quote from: BitChick on July 08, 2013, 08:46:23 PM

Well, seeing that the price dropped substantially and then bounced back slightly, it could have been smart to sell and buy back like many have done, or are doing. Of course, how do we really know for a fact this will happen? Also, I was out of town all weekend, with very little wireless service hiking in the mountains so I did not have much of a choice but to hold. Wink

Still, for some of us it is the best choice, if we really do not wan the stress of the roller coaster ride.

Hopefully we are back to triple digits soon enough. It seems like it is taking a while though.

Day traders compete against each other, and the gains made contribute to volatility and make the losers feel bad. It's basically like gambling on market sentiment. I prefer to make my money in win-wins where everybody walks out better off. Besides, there are a lot of sharks on the markets and I prefer not to swim with them.

I study the global financial system and I think bitcoin is the most fascinating event I've seen, so I like watching it grow regardless... when I am making profit it makes it a little more fun, but it doesn't really matter that much. If the economy falls apart bitcoin may skyrocket. If the economy is strong, there will be other ways to make money. Just have patience...

Somebody pointed that the bottom of the last devaluation was when there was a huge spike in sell off volume. I say save your cash and wait for this to happen again and then buy up as much as you can.

BitChick

legendary

Activity: 1148

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Well, seeing that the price dropped substantially and then bounced back slightly, it could have been smart to sell and buy back like many have done, or are doing. Of course, how do we really know for a fact this will happen? Also, I was out of town all weekend, with very little wireless service hiking in the mountains so I did not have much of a choice but to hold. Wink

Still, for some of us it is the best choice, if we really do not wan the stress of the roller coaster ride.

Hopefully we are back to triple digits soon enough. It seems like it is taking a while though.

fulepp

full member

Activity: 256

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Risk-hedging platform for cryptocurrency investors

Quote from: fulepp on July 05, 2013, 08:45:46 PM

Quote from: btceic on July 05, 2013, 08:40:04 PM

Quote from: fulepp on July 05, 2013, 08:31:45 PM

Quote from: btceic on July 05, 2013, 08:29:16 PM

I couldn't resist... I bought 4 more today at ~$73.00

and now it is 67.88

Your point being that it is lower?

I sure as shit don't have a crystal ball and neither do you, what we are looking at is a buying opportunity.

If we see 50, 40, 30, 20 or 80 I will pick some up at those levels as well.

Don't own much stock or trade any forex do you?

some here and some there... (real stock and this virtual stock..) Usually i am holder but once a month read into the subjects and make my decisions. No crystal ball or other cheating...

But don't worry, I am sure long term that was a great purchase...

fulepp

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Activity: 256

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Risk-hedging platform for cryptocurrency investors

Quote from: btceic on July 05, 2013, 08:40:04 PM

Quote from: fulepp on July 05, 2013, 08:31:45 PM

Quote from: btceic on July 05, 2013, 08:29:16 PM

I couldn't resist... I bought 4 more today at ~$73.00

and now it is 67.88

Your point being that it is lower?

I sure as shit don't have a crystal ball and neither do you, what we are looking at is a buying opportunity.

If we see 50, 40, 30, 20 or 80 I will pick some up at those levels as well.

Don't own much stock or trade any forex do you?

some here and some there... (real stock and this virtual stock..) Usually i am holder but once a month read into the subjects and make my decisions. No crystal ball or other cheating...

btceic

sr. member

Activity: 392

Merit: 250

♫ A wave came crashing like a fist to the jaw ♫

Quote from: fulepp on July 05, 2013, 08:31:45 PM

Quote from: btceic on July 05, 2013, 08:29:16 PM

I couldn't resist... I bought 4 more today at ~$73.00

and now it is 67.88

Your point being that it is lower?

I sure as shit don't have a crystal ball and neither do you, what we are looking at is a buying opportunity.

If we see 50, 40, 30, 20 or 80 I will pick some up at those levels as well.

Don't own much stock or trade any forex do you?

fulepp

full member

Activity: 256

Merit: 100

Risk-hedging platform for cryptocurrency investors

Quote from: btceic on July 05, 2013, 08:29:16 PM

I couldn't resist... I bought 4 more today at ~$73.00

and now it is 67.88

btceic

sr. member

Activity: 392

Merit: 250

♫ A wave came crashing like a fist to the jaw ♫

I couldn't resist... I bought 4 more today at ~$73.00

johnyj

legendary

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Beyond Imagination

I think OP are really smart to realize this, actually the bitcoin holders and miners are the central banks of bitcoin economy, if they never sell any coins, means no money supply increase, it will stop the sell pressure and increase the price stability. Of course if they have built some reserve that's even better, they could step in to buy coins to support the price and sell coins when it rises too fast

wolverine.ks

sr. member

Activity: 375

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even then you are still only losing potential not money. you can't lose something you never had.

tokeweed

legendary

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Life, Love and Laughter...

Quote from: wolverine.ks on July 04, 2013, 01:28:18 AM

you aren't losing any money if you hold your bitcoins while the exchange rates falls, just like you don't gain any money when it rises. you are merely changing the potential to buy USD.

who says i won't go long when the trend goes up?

sell all your coins now, and buy back at lower prices and when the trend goes up = profit.

wolverine.ks

sr. member

Activity: 375

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you aren't losing any money if you hold your bitcoins while the exchange rates falls, just like you don't gain any money when it rises. you are merely changing the potential to buy USD.

tokeweed

legendary

Activity: 3976

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Life, Love and Laughter...

Quote from: BitChick on July 03, 2013, 05:10:41 PM

I am getting sick of seeing all of these threads of people panicking! I have not even been into BTC that long, only a few months, and I can already see that this is just typical for the history of BTC.

What we know: We are still very early in this. BTC is volatile. It goes up, it goes down, it goes up again and plateaus at a higher point.

So what is the big deal everyone?

I for one am holding. I will turn off my computer this weekend (I am going out of town anyways) and hopefully return to some normal boring activity with BTC around $90 to $100 next week.

Call me crazy but holding could just be the smart move in all of this.

denial is gonna cost you a lot of money.

Jozzaboy

member

Activity: 98

Merit: 10

Indeed.

Panic will set in soon and this downtrend will be over.

Bear markets only last so long until it is no longer profitable to sell and coins are too cheap.

Wagner2014

member

Activity: 84

Merit: 10

Mt. Gox at 72!

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: Nemesis on July 04, 2013, 12:01:17 AM

Quote from: BitChick on July 03, 2013, 06:48:32 PM

I think the big sell off could be people's concerns with MT. Gox holding onto funds or suspending withdrawals for two weeks. I guess tomorrow is the end of the 2 weeks they gave for holding funds so people are anxious. If they do not keep their promise there might be fear that there is something more going on (fear of not enough funds at Mt. Gox). Hopefully Mt. Gox follows through and the price goes up. We will see.

Right this is why you should stay in the kitchen.

MtGox ... does not have enough funds.... OMG let me sell all my coins to.... fiat.... Wait.... does that make any fcking sense?

Gender jokes are so 2008. Go back to 4chan with the rest of the unwashed.

Otherwise, agreed. We should see a price bounce with Gox announcing they fucked up the bank thing.

ronaldlee0917

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I hold bitcoins only because I have to trade the virtual securities, those securities are very prolific, much more than trading Bitcoins.

Nemesis

sr. member

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Quote from: BitChick on July 03, 2013, 06:48:32 PM

I think the big sell off could be people's concerns with MT. Gox holding onto funds or suspending withdrawals for two weeks. I guess tomorrow is the end of the 2 weeks they gave for holding funds so people are anxious. If they do not keep their promise there might be fear that there is something more going on (fear of not enough funds at Mt. Gox). Hopefully Mt. Gox follows through and the price goes up. We will see.

Right this is why you should stay in the kitchen.

MtGox ... does not have enough funds.... OMG let me sell all my coins to.... fiat.... Wait.... does that make any fcking sense?

Jozzaboy

member

Activity: 98

Merit: 10