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Topic: How does it feel to not sell at $250+ (Read 1327 times)

hero member
Activity: 504
Merit: 500
April 16, 2013, 12:36:47 AM
#23
Dat long term excuse...

I think I'm gonna use that oen too Cheesy

And yh, sorta painful
sr. member
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
April 16, 2013, 12:35:06 AM
#22
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).

Feels good.

+1 except i have doubled my bitcoin count, and for every dollar it drops i buy another.  Grin
legendary
Activity: 1025
Merit: 1000
April 16, 2013, 12:27:19 AM
#21
I feel like an idiot, but will be more careful in the future.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
April 16, 2013, 12:21:13 AM
#20
Grin

My sell everything order was at 250, I missed the top by a bit. However, I'm much better off then all of you still holding coins at this point  Cheesy

Good timing...


... And did you buy back in just now, under $60?

Nah I'm waiting for now, as long as I get back in before 250 I win regardless. I don't think were going to break 200 in the short term again.

That was a panic/greed buying situation imo and not a fair/sustainable price at the moment. I'm sure it'll be well over 250 if becomes more adopatable, but that's down the road a bit I think.

Yes, of course -- the price was rising vertically. But ultimately BTC may be worth way more than that n the medium term (it either will tend to >1000, or 0).

IMO $55, just now... was the bottom. vertical descents are equally unsustainable.

legendary
Activity: 2212
Merit: 1008
April 16, 2013, 12:20:52 AM
#19
FU all, i still say $300+ by june!
hero member
Activity: 700
Merit: 500
daytrader/superhero
April 16, 2013, 12:20:05 AM
#18
if everyone has to buy 4x as many coins to purchase something, if an influx of people needing to buy something will have to buy 4x as many coins, thus making less coins available to speculators/investors.


This makes no sense at all.
sr. member
Activity: 363
Merit: 250
April 16, 2013, 12:18:58 AM
#17
Grin

My sell everything order was at 250, I missed the top by a bit. However, I'm much better off then all of you still holding coins at this point  Cheesy

Good timing...


... And did you buy back in just now, under $60?

Nah I'm waiting for now, as long as I get back in before 250 I win regardless. I don't think were going to break 200 in the short term again.

That was a panic/greed buying situation imo and not a fair/sustainable price at the moment. I'm sure it'll be well over 250 if becomes more adopatable, but that's down the road a bit I think.
legendary
Activity: 2212
Merit: 1008
April 16, 2013, 12:18:19 AM
#16
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).

Feels good.

The only difference is now you have to spend 4x more coins for the same goods or services.
which means more fiat has to come into exchanges, which means BTC value will rise.....

I don't quite understand your point.  First I don't agree with the correlation that more money into exchanges means more BTC value.  Second this would imply that any drop in Dollars/BTC would be met with an increase in Dollars/BTC.

if everyone has to buy 4x as many coins to purchase something, if an influx of people needing to buy something will have to buy 4x as many coins, thus making less coins available to speculators/investors.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
April 16, 2013, 12:16:06 AM
#15
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).

Feels good.

The only difference is now you have to spend 4x more coins for the same goods or services.
which means more fiat has to come into exchanges, which means BTC value will rise.....

I don't quite understand your point.  First I don't agree with the correlation that more money into exchanges means more BTC value.  Second this would imply that any drop in Dollars/BTC would be met with an increase in Dollars/BTC.

I guess it would mean more dollars per BTC.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
April 16, 2013, 12:14:23 AM
#14
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).

Feels good.

The only difference is now you have to spend 4x more coins for the same goods or services.

Ya, but my last 3-4 paychecks have been going toward saving up to pay the IRS.

Now that the IRS is paid I have many more paychecks ahead of me for buying as opposed to the one small(ish) buy I made in early February.

Consistent moving of dollars into bitcoins enables consistent purchasing goods and services with bitcoins. No matter the price.
newbie
Activity: 41
Merit: 0
April 16, 2013, 12:12:07 AM
#13
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).

Feels good.

The only difference is now you have to spend 4x more coins for the same goods or services.
which means more fiat has to come into exchanges, which means BTC value will rise.....

I don't quite understand your point.  First I don't agree with the correlation that more money into exchanges means more BTC value.  Second this would imply that any drop in Dollars/BTC would be met with an increase in Dollars/BTC.
hero member
Activity: 1036
Merit: 500
April 16, 2013, 12:10:05 AM
#12
Meh it hurts but Im not trying to get rich quick, I believe in BTC longterm - not like a lot of the people who were buying recently just to make a quick buck
legendary
Activity: 2212
Merit: 1008
April 16, 2013, 12:08:51 AM
#11
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).

Feels good.

The only difference is now you have to spend 4x more coins for the same goods or services.
which means more fiat has to come into exchanges, which means BTC value will rise.....
newbie
Activity: 41
Merit: 0
April 16, 2013, 12:06:42 AM
#10
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).

Feels good.

The only difference is now you have to spend 4x more coins for the same goods or services.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
April 16, 2013, 12:06:32 AM
#9
Grin

My sell everything order was at 250, I missed the top by a bit. However, I'm much better off then all of you still holding coins at this point  Cheesy

Good timing...


... And did you buy back in just now, under $60?
legendary
Activity: 2212
Merit: 1008
April 16, 2013, 12:06:15 AM
#8
how does it feel to have sold <$1000?HuhHuhHuhHuh??   Tongue
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
April 16, 2013, 12:05:24 AM
#7
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).

Feels good.
sr. member
Activity: 363
Merit: 250
April 16, 2013, 12:05:09 AM
#6
Nah I don't think it will go under 10-20 without a disaster. I'm gonna wait a bit, this may be the bottom right now, hard to say.

I feel like this crash has scared away a lot of the new people coming in and could slow down things for a while.

Just going ride it out till I see more movement upwards.
hero member
Activity: 546
Merit: 500
April 16, 2013, 12:03:58 AM
#5
Good for you Jrock, no one cares.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
April 16, 2013, 12:00:27 AM
#4
so at what price will you be buying back?

Let me guess...

$2  Cheesy
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