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Topic: I always buy at the wrong time.... - page 2. (Read 3917 times)

legendary
Activity: 2324
Merit: 1125
November 20, 2013, 06:50:53 AM
#24
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!
sr. member
Activity: 252
Merit: 250
November 20, 2013, 06:45:57 AM
#23
There's been so much good news coverage! What's happening?

Speculation is happening. You thought that price hit 1000$ because someone found a long forgotten wallet and is now a millionaire  Tongue
full member
Activity: 140
Merit: 100
Bitcoin - love & hate
November 20, 2013, 06:21:59 AM
#22
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$.

full member
Activity: 219
Merit: 106
November 20, 2013, 06:02:59 AM
#21
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?

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.

btc price will rise anyway in the long run. the people that bought on top of the april bubble are good now. they had to wait 6 months. if it really works out bad, you have to wait until may 2014. just don´t sell em.
+1 history shows if you don't panic and sell at a loss, it will eventually reach a new ATH.
legendary
Activity: 1526
Merit: 1001
November 20, 2013, 05:58:09 AM
#20
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$.
full member
Activity: 140
Merit: 100
Bitcoin - love & hate
November 20, 2013, 05:48:55 AM
#19
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.
legendary
Activity: 2338
Merit: 2106
November 20, 2013, 05:29:25 AM
#18
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?

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.

btc price will rise anyway in the long run. the people that bought on top of the april bubble are good now. they had to wait 6 months. if it really works out bad, you have to wait until may 2014. just don´t sell em.
legendary
Activity: 1526
Merit: 1001
November 20, 2013, 05:14:26 AM
#17
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.

It's so funny to see how greed eats brains in an accelerating manner once the price keeps rising.

Rule #17 If it looks, smells, and tastes too good to be true - it probably is. (Another rule people forget in 6 months once they are promised 7+% interest)
full member
Activity: 395
Merit: 100
Market Integration Platform
November 20, 2013, 05:09:46 AM
#16
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?

That's exactly the problem here. If something is all over the news, you are too late! Grin
But don't worry, it's gonna rise again.
member
Activity: 107
Merit: 10
November 20, 2013, 05:08:52 AM
#15
Rule 1) Set a price you want to buy/sell at
Rule 2) Wait a full 24 hours to see if you can land it.  The amount of time I lost my nerve and changed my targets within minutes of my original ones is shocking, and on 90% I'd have got the prices I wanted if I held my nerve.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
November 20, 2013, 05:05:00 AM
#14
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.
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
November 20, 2013, 04:24:47 AM
#14
Rule #1) Never buy all at once.
Rule #2) Never sell all at once.
Rule #3) Never sell all your coins.

 

Rule #4) Never invest more than you can afford to lose


Probably the most important rule.
hero member
Activity: 910
Merit: 1000
November 20, 2013, 04:55:50 AM
#13
I should've sold on the bounce back up, but didn't. IMO it's gonna keep going down.
hero member
Activity: 499
Merit: 500
November 20, 2013, 04:19:02 AM
#12
Rule #1) Never buy all at once.
Rule #2) Never sell all at once.
Rule #3) Never sell all your coins.

 

Rule #4) Never invest more than you can afford to lose
sr. member
Activity: 251
Merit: 250
November 20, 2013, 04:11:11 AM
#11
I have lost more bitcoins trying to time the market than anything.

I was going to try to time the crash this time but started running into the same uncertain market conditions as usual.

It went well in March when I just held through the whole madness. I have returned all of my BTC to my wallet and will continue to hold through this madness.

Bottom and Top picking is a dirty business.


In fact it is impossible to predict. Thats why spread your buy/sell orders
full member
Activity: 140
Merit: 100
Bitcoin - love & hate
November 20, 2013, 03:41:37 AM
#10
Only gained 30% from panic sellers. Could be more with better placed bids  Tongue
Expected to drop more @ gox eu ... bitstamp was much better. 50% discount = double your coins and repeat with dead cat bounce
member
Activity: 98
Merit: 10
November 20, 2013, 03:24:05 AM
#9
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?

Just hold it, better get away from watching price charts for a week or two, we all should do the same )
That will save you some money and some sleep hours.
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
November 20, 2013, 02:44:55 AM
#9
I bought at $470 so I am pretty happy about it. I've been waiting for it to drop below $500 for quite some time now Tongue.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
November 20, 2013, 02:20:27 AM
#8
I have lost more bitcoins trying to time the market than anything.

I was going to try to time the crash this time but started running into the same uncertain market conditions as usual.

It went well in March when I just held through the whole madness. I have returned all of my BTC to my wallet and will continue to hold through this madness.
hero member
Activity: 616
Merit: 500
November 20, 2013, 01:59:09 AM
#7
The bigger the risk, the bigger the reward.
The bigger the risk, the higher probability you'll lose.
Keep that in mind, too.
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