I sold some days ago. I'm back in. | Bitcointalksearch.org

Herodes

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Quote from: flaab on March 11, 2013, 05:19:49 PM

Hi All,

I sold some days ago at 48.5 raking a good profit and posted about it. This post is to let you know I'm back in. I placed a semi-stink bid which got executed after being surprised by how the bitcoin price recovered fro the plunge. If the 50 resistance is broken, I have no bloody idea where this is going but seems like the bubble has a very good run ahead. But one thing is for sure, if the 50 resistance is broken, price will go vertical and be awash with volatility.

However, I have decreased my bitcoin exposition to just 25% of what I had before. And purchased cheper =P

PS: Rumor as reached my ears that bankinter bank is creating a product based on bitcoin.

Will you post whenever you lose a lot too ? Wink

Tell us more about this inter bank deal please.

Spaceman_Spiff

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Indeed

moocowpong1

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Quote from: Qoheleth on March 11, 2013, 07:38:09 PM

...we're still in the zone where anything can happen.

Prophetic!

Spaceman_Spiff

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Quote from: Qoheleth on March 11, 2013, 07:38:09 PM

Quote from: Spaceman_Spiff on March 11, 2013, 06:06:33 PM

I am finding it hard to adhere to my long-term strategy of selling little bits now and then along the way up, just because it looks so darn bullish (despite the crazy bubblespeed appreciation).

Stick to the plan.

BTC may look like it's on its way to the moon, but we're still in the zone where anything can happen. Unless you're a wizard, the only way to win in a volatile, emotional market is to decide on a strategy and follow it relentlessly, no matter what your gut says.

You are right, I intend to, but the charts aren't making it easy on me Wink

.

Qoheleth

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Quote from: Spaceman_Spiff on March 11, 2013, 06:06:33 PM

I am finding it hard to adhere to my long-term strategy of selling little bits now and then along the way up, just because it looks so darn bullish (despite the crazy bubblespeed appreciation).

Stick to the plan.

BTC may look like it's on its way to the moon, but we're still in the zone where anything can happen. Unless you're a wizard, the only way to win in a volatile, emotional market is to decide on a strategy and follow it relentlessly, no matter what your gut says.

bitlybit

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Quote from: Spaceman_Spiff on March 11, 2013, 06:06:33 PM

Quote from: flaab on March 11, 2013, 05:19:49 PM

Hi All,

I sold some days ago at 48.5 raking a good profit and posted about it. This post is to let you know I'm back in. I placed a semi-stink bid which got executed after being surprised by how the bitcoin price recovered fro the plunge. If the 50 resistance is broken, I have no bloody idea where this is going but seems like the bubble has a very good run ahead. But one thing is for sure, if the 50 resistance is broken, price will go vertical and be awash with volatility.

However, I have decreased my bitcoin exposition to just 25% of what I had before. And purchased cheper =P

PS: Rumor as reached my ears that bankinter bank is creating a product based on bitcoin.

Yeah, I sold some coins at the previous top and rebought some of them during the subsequent dip, but I am impressed by the rebounce as well. I am finding it hard to adhere to my long-term strategy of selling little bits now and then along the way up, just because it looks so darn bullish (despite the crazy bubblespeed appreciation).

yes you are right. consider in my case I have 1000 btc if i sell now i get 48000 $ but when 60$/btc reaches i will have lost 12000 $ that is bad. so its better i hold to make huge profit not sell at the wrong time and lose much money because rising price of bitcoin in the future (this is logistically speaking)

Spaceman_Spiff

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Quote from: flaab on March 11, 2013, 06:13:22 PM

Quote from: Spaceman_Spiff on March 11, 2013, 06:06:33 PM

Yeah, I sold some coins at the previous top and rebought some of them during the subsequent dip, but I am impressed by the rebounce as well. I am finding it hard to adhere to my long-term strategy of selling little bits now and then along the way up, just because it looks so darn bullish (despite the crazy bubblespeed appreciation).

Well, we must take some things into consideration when measuring the rally:

* If someone wants bitcoins, he can A) Mine them or B) Buy them
* Therefore, the price must have a relationship with the network difficulty
* The network difficulty was much smaller in 2011
* The last rally was from 0,3 to 30 before bursting
* The current rally started at 5
* The network difficulty is higher now

So, who knows? The chart says there is still bull strenght, so I'm in again.
http://www.pointzero-trading.com/Blog/view/20

Yeah, I am more of the view that difficulty follows price than the other way around(although obviously a stronger network might persuade people to invest as well if they felt the previous strength was insufficient to provide security).

EtherDais

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Quote from: bitlybit on March 11, 2013, 05:53:26 PM

Quote from: flaab on March 11, 2013, 05:45:39 PM

Quote from: ildubbioso on March 11, 2013, 05:38:06 PM

INSIDER TRADING ALERT!

Actually I've thought deeply about it. Take for instance the curreny rally, which is insane by the way. And I mean insane from a technical trader standpoint. Why is it happening? Well, it could be many things. Suppose you are working as a software developer at BWIN or some big casino or business and you know first hand it is going to start accepting bitcoins. What do you do? YOU BUY bitcoins relentlessly. I think there is an excellent chance this rally is an "insider's rally".

totally right flaab we are the true pioneers of the new world we should deserve to be rich and we will all be
because all of us here in this topic are already a long time in bitcoin we can call ourselves insiders and for sure because we know how to become super rich with bitcoins and only insiders really know that

and yeah you are right flaab everyone must buy bitcoins before it goes to the moon in price and no way for us to make real wealth easy anymore

so far so good in this current rally we made big profits and more to come of new people buying in Cheesy

I guess this is the balance which must be addressed: it seems to me like being open and generous with small amounts of coin is a better way to draw in new interest in the currency. I think Pariapan's Rugatu is a pretty useful example of what can be accomplished with this: You've got something which seems like a fusion of reddit and mechanical turk which operates on bitcoin. If no one has any coins to contribute, or tip, or add to a bounty for a question, there's no way for that system to progress. The same holds true for bitcoin more generally.

I bet you'd help your investment out in a big way by taking 10% of your bitcoin investment and doing something tangible and meaningful in the process of giving it out. ShakethatBass had the right idea, and I think that actions like his will accelerate acceptance. It changes the entire story and makes people forget about SR. (For those not in the know, he gave 1BTC to those who showed proof of $20 in donations to charity using reddit's bitcointip bot)

flaab

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Quote from: Spaceman_Spiff on March 11, 2013, 06:06:33 PM

Yeah, I sold some coins at the previous top and rebought some of them during the subsequent dip, but I am impressed by the rebounce as well. I am finding it hard to adhere to my long-term strategy of selling little bits now and then along the way up, just because it looks so darn bullish (despite the crazy bubblespeed appreciation).

Well, we must take some things into consideration when measuring the rally:

* If someone wants bitcoins, he can A) Mine them or B) Buy them
* Therefore, the price must have a relationship with the network difficulty
* The network difficulty was much smaller in 2011
* The last rally was from 0,3 to 30 before bursting
* The current rally started at 5
* The network difficulty is higher now

So, who knows? The chart says there is still bull strenght, so I'm in again.
http://www.pointzero-trading.com/Blog/view/20

Spaceman_Spiff

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Quote from: flaab on March 11, 2013, 05:19:49 PM

Hi All,

I sold some days ago at 48.5 raking a good profit and posted about it. This post is to let you know I'm back in. I placed a semi-stink bid which got executed after being surprised by how the bitcoin price recovered fro the plunge. If the 50 resistance is broken, I have no bloody idea where this is going but seems like the bubble has a very good run ahead. But one thing is for sure, if the 50 resistance is broken, price will go vertical and be awash with volatility.

However, I have decreased my bitcoin exposition to just 25% of what I had before. And purchased cheper =P

PS: Rumor as reached my ears that bankinter bank is creating a product based on bitcoin.

Yeah, I sold some coins at the previous top and rebought some of them during the subsequent dip, but I am impressed by the rebounce as well. I am finding it hard to adhere to my long-term strategy of selling little bits now and then along the way up, just because it looks so darn bullish (despite the crazy bubblespeed appreciation).

bitlybit

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Quote from: flaab on March 11, 2013, 05:45:39 PM

Quote from: ildubbioso on March 11, 2013, 05:38:06 PM

INSIDER TRADING ALERT!

Actually I've thought deeply about it. Take for instance the curreny rally, which is insane by the way. And I mean insane from a technical trader standpoint. Why is it happening? Well, it could be many things. Suppose you are working as a software developer at BWIN or some big casino or business and you know first hand it is going to start accepting bitcoins. What do you do? YOU BUY bitcoins relentlessly. I think there is an excellent chance this rally is an "insider's rally".

totally right flaab we are the true pioneers of the new world we should deserve to be rich and we will all be
because all of us here in this topic are already a long time in bitcoin we can call ourselves insiders and for sure because we know how to become super rich with bitcoins and only insiders really know that

and yeah you are right flaab everyone must buy bitcoins before it goes to the moon in price and no way for us to make real wealth easy anymore

so far so good in this current rally we made big profits and more to come of new people buying in Cheesy

paraipan

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Quote from: flaab on March 11, 2013, 05:45:39 PM

Quote from: ildubbioso on March 11, 2013, 05:38:06 PM

INSIDER TRADING ALERT!

Actually I've thought deeply about it. Take for instance the curreny rally, which is insane by the way. And I mean insane from a technical trader standpoint. Why is it happening? Well, it could be many things. Suppose you are working as a software developer at BWIN or some big casino or business and you know first hand it is going to start accepting bitcoins. What do you do? YOU BUY bitcoins relentlessly. I think there is an excellent chance this rally is an "insider's rally".

Lol, and you come on the bitcointalk forums to "show and tell", meh

Melbustus

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Quote from: flaab on March 11, 2013, 05:45:39 PM

Quote from: ildubbioso on March 11, 2013, 05:38:06 PM

INSIDER TRADING ALERT!

Actually I've thought deeply about it. Take for instance the curreny rally, which is insane by the way. And I mean insane from a technical trader standpoint. Why is it happening? Well, it could be many things. Suppose you are working as a software developer at BWIN or some big casino or business and you know first hand it is going to start accepting bitcoins. What do you do? YOU BUY bitcoins relentlessly. I think there is an excellent chance this rally is an "insider's rally".

Or you're one of the Gold gurus with a massive following, and you finally get over your "tangibility" mental wall. What do you do? You buy LOTS of btc before you start preaching it to your masses.

flaab

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Quote from: ildubbioso on March 11, 2013, 05:38:06 PM

INSIDER TRADING ALERT!

Actually I've thought deeply about it. Take for instance the curreny rally, which is insane by the way. And I mean insane from a technical trader standpoint. Why is it happening? Well, it could be many things. Suppose you are working as a software developer at BWIN or some big casino or business and you know first hand it is going to start accepting bitcoins. What do you do? YOU BUY bitcoins relentlessly. I think there is an excellent chance this rally is an "insider's rally".

Melbustus

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Quote from: ildubbioso on March 11, 2013, 05:38:06 PM

INSIDER TRADING ALERT!

lol....no kidding. You can buy drugs with bitcoin, and there was that whole political extortion thing with Romney back in the fall (hoax or not). Now insider trading. This is all how we know bitcoin is the real deal.

ildubbioso

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INSIDER TRADING ALERT!

flaab

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Quote from: paraipan on March 11, 2013, 05:26:07 PM

Quote from: flaab on March 11, 2013, 05:19:49 PM

...

PS: Rumor as reached my ears that bankinter bank is creating a product based on bitcoin.

Sauce?

Can't say (A developer working at the bank ;-o)

paraipan

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Quote from: flaab on March 11, 2013, 05:19:49 PM

...

PS: Rumor as reached my ears that bankinter bank is creating a product based on bitcoin.

Sauce?

flaab

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Quote from: bitlybit on March 11, 2013, 05:22:29 PM

good call you will be rich soon bitcoin price to the moon this year $ 1000:)

No way.

bitlybit

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good call you will be rich soon bitcoin price to the moon this year $ 1000:)

Topic: I sold some days ago. I'm back in. (Read 1498 times)