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Topic: I sold at $57, fml. (Read 8044 times)

legendary
Activity: 1874
Merit: 1394
The Last Cryptocoin Burner
July 15, 2017, 08:25:43 PM
This is why I buy more bitcoins whenever I can. Buy and hold.
You have to survive throughout the pumps and corrections. Stay strong!

maan you revived topic from prehistoric ages  Grin
hero member
Activity: 658
Merit: 503
Bear with me
July 15, 2017, 06:42:13 PM
This is why I buy more bitcoins whenever I can. Buy and hold.
You have to survive throughout the pumps and corrections. Stay strong!
donator
Activity: 1722
Merit: 1036
April 21, 2013, 09:54:17 AM
Maybe dice whatever btc I have left.

There's a good rule to not make too much stupid things at once, because they tend to multiply if you follow that road. I.e., lost everything gambling - don't go jumping off a bridge, that'll make things worse. Made a very bad trading decision? Don't follow up with a much stupider idea to try and recoup losses through gambling. Remember, one stupid thing per month. That can work Smiley

I gave out some Bitcoins today, and enforced a rule that the receiver can do whatever they want, as long as the number of BTC in the cold wallet is not reduced by more than 1%, in any given month.

Try it with yourself, might work. If not "enough" BTC, go to work and earn some Wink
legendary
Activity: 1176
Merit: 1010
Borsche
April 21, 2013, 08:16:42 AM
Maybe dice whatever btc I have left.

There's a good rule to not make too much stupid things at once, because they tend to multiply if you follow that road. I.e., lost everything gambling - don't go jumping off a bridge, that'll make things worse. Made a very bad trading decision? Don't follow up with a much stupider idea to try and recoup losses through gambling. Remember, one stupid thing per month. That can work Smiley
donator
Activity: 1722
Merit: 1036
April 21, 2013, 08:08:14 AM
I'm in the process of moving everything offline again. 

Care to reveal your average entry point in 1-4/2013?

Mine is about $75.

He doesn't have any coins  Roll Eyes

Of course he has, probably more than me. Employ your logic -  Roll Eyes
b!z
legendary
Activity: 1582
Merit: 1010
April 21, 2013, 06:52:00 AM
I'm in the process of moving everything offline again. 

Care to reveal your average entry point in 1-4/2013?

Mine is about $75.

He doesn't have any coins  Roll Eyes
donator
Activity: 1722
Merit: 1036
April 20, 2013, 07:46:55 AM
#99
I'm in the process of moving everything offline again. 

Care to reveal your average entry point in 1-4/2013?

Mine is about $75.
b!z
legendary
Activity: 1582
Merit: 1010
April 20, 2013, 07:41:21 AM
#98
You just keep doing that!  Bless your heart!

But if you're not going to have any BTC any more perhaps you should stop offering to buy stuff for BTC in multiple lines of your sig.

I still have a good amount of BTC, and it's not in Mt Gox. Don't worry Smiley
member
Activity: 87
Merit: 10
April 20, 2013, 07:41:01 AM
#97
I don't see why people are so hostile to the OP.  After all, for any speculative bubble to be profitable to someone, someone else has to be fool enough to buy high and sell low.  As they say in poker, don't tap the aquarium, it scares the fish.

This. A lot of people will be holding on to losses as this thing goes down. Holding and hoping!
legendary
Activity: 2198
Merit: 1311
April 20, 2013, 07:20:18 AM
#96
I don't see why people are so hostile to the OP.  After all, for any speculative bubble to be profitable to someone, someone else has to be fool enough to buy high and sell low.  As they say in poker, don't tap the aquarium, it scares the fish.

I'm going to take all my coins out of gox and put them into a paper wallet. Maybe dice whatever btc I have left.

I'm in the process of moving everything offline again. 
legendary
Activity: 1176
Merit: 1005
April 20, 2013, 01:16:25 AM
#95
You just keep doing that!  Bless your heart!

But if you're not going to have any BTC any more perhaps you should stop offering to buy stuff for BTC in multiple lines of your sig.
b!z
legendary
Activity: 1582
Merit: 1010
April 19, 2013, 11:36:09 PM
#94
I don't see why people are so hostile to the OP.  After all, for any speculative bubble to be profitable to someone, someone else has to be fool enough to buy high and sell low.  As they say in poker, don't tap the aquarium, it scares the fish.

I'm going to take all my coins out of gox and put them into a paper wallet. Maybe dice whatever btc I have left.
legendary
Activity: 1176
Merit: 1005
April 19, 2013, 09:13:27 AM
#93
I don't see why people are so hostile to the OP.  After all, for any speculative bubble to be profitable to someone, someone else has to be fool enough to buy high and sell low.  As they say in poker, don't tap the aquarium, it scares the fish.
full member
Activity: 204
Merit: 100
April 19, 2013, 08:47:16 AM
#92
b!z,
Take your remaining coins out of the exchange. NOW. Put them into a paper wallet. Then bury this paper wallet somewhere, and forget about the whole bitcoin thing.
Then come back in 6 months.

lol... if there is a bust, that's the perfect finisher. After the last bubble did such a "recovery", an 80% decline over a few months followed.

Face it, you can't speculate without speculating. It's nonsensical. Figure out how to value a coin and act accordingly. If the number is absurdly high or low, think again, chances are the model used is wrong.

If the estimate jumps between 57 and 130 within a few days, wrong becomes seriously wrong. Sticking your head with in the sand with a paper wallet permabull stance does not solve that.
My tip would also apply in 2011. Just imagine if you had bought coins at $5-$10, and resisted panic selling seeing your investment lose 80% of its value. You'd be golden today.

If you want to speculate sure go ahead, you might come on top, but leave your emotions at bay or you will most likely end up like the OP. If you know you can't think rationally when under pressure, and trading is immense pressure, at least prevent yourself from doing stupid things.

Anyway, I lost my shirt in 2011 doing exactly what the OP did. Just sharing some experience I learnt the hard way.
legendary
Activity: 1036
Merit: 1002
April 19, 2013, 08:35:01 AM
#91
b!z,
Take your remaining coins out of the exchange. NOW. Put them into a paper wallet. Then bury this paper wallet somewhere, and forget about the whole bitcoin thing.
Then come back in 6 months.

lol... if there is a bust, that's the perfect finisher. After the last bubble did such a "recovery", an 80% decline over a few months followed.

Face it, you can't speculate without speculating. It's nonsensical. A speculator should either use a statistical-systematic approach (in which "OMG FML" is no reasonable outcome) or figure out how to value a coin and act accordingly. If the number is absurdly high or low, think again, chances are the model used is wrong.

If the estimate jumps between <57 and >130 within a few days, wrong becomes seriously wrong. Sticking your head in the sand with a paper wallet permabull stance does not solve that.
full member
Activity: 168
Merit: 100
April 19, 2013, 07:34:47 AM
#90
 
DAMMNNNNN

I put in some sell orders to sell the coins I bought at $90 for 100, 105, 110

All the coins got bought up, and price went to 130

Stupid me bought in again, and now price is $118. FUCK

bro.... I'm going to be real honest with you... You are a pure FUCK UP   Undecided Undecided
full member
Activity: 204
Merit: 100
April 19, 2013, 07:34:20 AM
#89
b!z,
Take your remaining coins out of the exchange. NOW. Put them into a paper wallet. Then bury this paper wallet somewhere, and forget about the whole bitcoin thing.
Then come back in 6 months.
b!z
legendary
Activity: 1582
Merit: 1010
April 19, 2013, 07:30:08 AM
#88
DAMMNNNNN

I put in some sell orders to sell the coins I bought at $90 for 100, 105, 110

All the coins got bought up, and price went to 130

Stupid me bought in again, and now price is $118. FUCK
b!z
legendary
Activity: 1582
Merit: 1010
April 18, 2013, 11:58:49 PM
#87
so what your telling me is that you were buying btc at 2 bucks and buying all the way up and watched the 266 break and saw it fall and fall and fall and fall and it bounced a few times in there and watched it do its thing and then sold at the lowest posible low?...well within ten bucks but realy about as low as you could go. so you have been in bitcoin a while and this was your game plan ....

WELL YOU MAY NOT BE ABLE TO CALL THE TOP
AND YOU MAY NOT BE ABLE TO CALL THE BOTTOM
BUT IM CALLING BULL SHIT ON THIS THREAD!!!!

threw in a little satashi dice to mix things up too just to show how inept you are.

you guys took it hook line and sinker.



if it is true....then wow you have learned NOTHING about bitcoins and why are you not a maximmum hero member if you were into btc when they were two?

What the fuck is a 'maximum hero member'?
Just because I was around back then doesn't mean I was actively posting on Bitcoin Talk.
sr. member
Activity: 350
Merit: 250
April 18, 2013, 12:25:48 PM
#86
This is the first time Ive seen the Proudhon music video lol. Who put that together? Thats genius!

edit: maybe i should try to recover my losses with satoshi dice?
you are posting in this subforum, so, i assume you also read the postings here.
summary: always buy, almost never sell, in doubt: hold hold hold.
(unless you are awkward, then we'll make a youtube video for you -> http://youtu.be/A7TuFy0fcuw
ad SD: the odds are always against you. that's a no-brainer. if you still play, only play once with the max you would spend.
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