I always buy at the wrong time.... | Bitcointalksearch.org

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: N12 on November 20, 2013, 08:09:38 PM

Absolutely agree, who wouldn't have liked to buy at 1.1, 32, 266 when they were broken through?

When it reaches that alltime high it set a long time ago and breaks through, there is a very good chance the momentum will lead it much further. Otherwise it would never have broken it in the first place!

These are the only exceptions to the rule actually.

N12

donator

Activity: 1610

Merit: 1010

Absolutely agree, who wouldn't have liked to buy at 1.1, 32, 266 when they were broken through?

When it reaches that alltime high it set a long time ago and breaks through, there is a very good chance the momentum will lead it much further. Otherwise it would never have broken it in the first place!

notme

legendary

Activity: 1904

Merit: 1002

Quote from: smoothie on November 20, 2013, 05:05:00 AM

Quote from: DeathAndTaxes on November 20, 2013, 12:18:23 AM

Rule #1) Never buy all at once.
Rule #2) Never sell all at once.
Rule #3) Never sell all your coins.

Rule #4) Never buy at an all time high...well mostly. Wait for pullbacks.

That's a silly rule. During the run up I played "buy the all time high". Each time we hit a new high, I bought and then sold 5-10% higher. I made 60% in a week.

ScrapOfCat

full member

Activity: 197

Merit: 100

Quote from: BitcoinAshley on November 20, 2013, 08:04:53 AM

I am sure the people who bought at $250 in april felt the same as you at one point...

Absolutely. It gets better

C10H15N

legendary

Activity: 944

Merit: 1026

Bitcoin has taught me one thing: Every man has his price.

While he may be honest at a thousand or a hundred thousand, something about crossing the million mark makes him start mumbling "My Precious" over your bitcoin.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: OC19850520 on November 20, 2013, 05:38:05 PM

Quote from: wachtwoord on November 20, 2013, 06:50:53 AM

An even simpler system is:

Rule #1) Never sell
Rule #2) Don't forget rule 1!

This is good rule except everybody has to sell at some time, otherwise it wouldnt make sence to die with the coins

You don't sell them (which is slang for exchange for fiat) but spend them, which means exchange them for goods or services (examples of which you seem to already have come up with)

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Even more realistically you'll both die alone.

OC19850520

full member

Activity: 189

Merit: 100

Quote from: sumantso on November 20, 2013, 05:43:24 PM

Quote from: OC19850520 on November 20, 2013, 05:38:05 PM

Quote from: wachtwoord on November 20, 2013, 06:50:53 AM

An even simpler system is:

Rule #1) Never sell
Rule #2) Don't forget rule 1!

This is good rule except everybody has to sell at some time, otherwise it wouldnt make sence to die with the coins

Not necessarily. When BTC goes mainstream I may be able to pick up girls with my balance.

'I am loaded with BTCs. Wanna come up to my room?'

More realistically you can spend 0.0001 BTC and enjoy these girls.
But spending is the same as selling

sumantso

legendary

Activity: 1050

Merit: 1000

Quote from: OC19850520 on November 20, 2013, 05:38:05 PM

Quote from: wachtwoord on November 20, 2013, 06:50:53 AM

Quote from: DeathAndTaxes on November 20, 2013, 12:18:23 AM

Rule #1) Never buy all at once.
Rule #2) Never sell all at once.
Rule #3) Never sell all your coins.

An even simpler system is:

Rule #1) Never sell
Rule #2) Don't forget rule 1!

This is good rule except everybody has to sell at some time, otherwise it wouldnt make sence to die with the coins

Not necessarily. When BTC goes mainstream I may be able to pick up girls with my balance.

'I am loaded with BTCs. Wanna come up to my room?'

OC19850520

full member

Activity: 189

Merit: 100

Quote from: wachtwoord on November 20, 2013, 06:50:53 AM

Quote from: DeathAndTaxes on November 20, 2013, 12:18:23 AM

Rule #1) Never buy all at once.
Rule #2) Never sell all at once.
Rule #3) Never sell all your coins.

An even simpler system is:

Rule #1) Never sell
Rule #2) Don't forget rule 1!

This is good rule except everybody has to sell at some time, otherwise it wouldnt make sence to die with the coins

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Rule 1. the trend is your friend
Rule 2. Never short Bitcoin except for the days/weeks after a major crash
Rule 3. Buy and hold. Only sell when your price target has been hit, but do no trade the waves up/down.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: smoothie on November 20, 2013, 05:05:00 AM

Quote from: DeathAndTaxes on November 20, 2013, 12:18:23 AM

Rule #1) Never buy all at once.
Rule #2) Never sell all at once.
Rule #3) Never sell all your coins.

Rule #4) Never buy at an all time high...well mostly. Wait for pullbacks.

Rule #5) stick to your trades

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

https://www.youtube.com/watch?v=cKUvKE3bQlY

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: 600watt on November 20, 2013, 05:29:25 AM

we ALL know how that feels. don´t listen to the guys who claim to do everything in the most profitable way. chances are they fail also.

Yeah..plenty "I sold at $900 and bought back in at $400 before selling again at $750" types on here.

All of them complete bull$h1tters to a man!

The only guys doing this are the sharks who are slapping this market around like a bitch causing the spikes and crashes to begin with.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

I am sure the people who bought at $250 in april felt the same as you at one point...

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: Martijnvdc on November 20, 2013, 07:29:43 AM

I used to trade on mt.gox a lot; i had made a lot of profit, but lost a big chunk in the end. So in the end i barely made a profit... Cheesy

Zero sum game.

Martijnvdc

sr. member

Activity: 322

Merit: 250

I used to trade on mt.gox a lot; i had made a lot of profit, but lost a big chunk in the end. So in the end i barely made a profit... Cheesy

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: suukool on November 20, 2013, 12:14:32 AM

Bought at a good 700$ and it's now 470 and correcting. Agh Whyyyyy.
I always get screwed over, Do you think it's gonna spike again, There's been so
much good news coverage! What's happening?

It will certainly go above that but not in the next few weeks. Hold for long term and make a nice profit, or if you have th eguts sell and buy back cheaper.

If it was upto me I will hold.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

You buy 10btc @ 200$, price rises to 300$.
That's 1000$ profit.

Cash Out 50%, that's 500$ or 1.6666 BTC.

So you have 8.3334 BTC worth 2500$.

Price rises to 400$.
Thats 3333.36$ and 833.36$ profit.
Sell again 50%.

That is 1.0417 BTC.

And so on.

If the price goes down, buy back 50% of the losses.

You can change the percentage. I'll buy back approx 65% of the losses.

disclaimer201

legendary

Activity: 1526

Merit: 1001

Quote from: Mirsad on November 20, 2013, 06:21:59 AM

Quote from: disclaimer201 on November 20, 2013, 05:58:09 AM

Quote from: Mirsad on November 20, 2013, 05:48:55 AM

What can you do wrong, if you sell on the way up and buy on the way down?

You won't get maximum profit, but you'll never lose until bitcoin goes to zero.

What CAN go wrong is that bitcoin might no longer go below a certain price and you sold out all coins before it went to say 2000$.

I never told you to sell all.
If the price goes up, the amount of bitcoin to sell, is decreasing. You will allways have bitcoin left, even if the price goes to 100000$.

But you said "What can you do wrong, if you sell on the way up and buy on the way down?". So I told you what can go wrong.

Another thing that could go wrong is you buy on the way down, and it keeps going down and stays down.

"The amount to sell, is decreasing." Can you elaborate on that?

Maybe give an example?

Topic: I always buy at the wrong time.... (Read 3917 times)