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Topic: If your investment looked like this... (Read 3441 times)

legendary
Activity: 1582
Merit: 1064
January 24, 2015, 07:14:35 AM
#47
I'd buy more if I wasn't so broke. I'm trying to allocate a small portion of my weekly pay to buy btc.

Even if you weren't broke, you shouldn't invest more than you can afford to lose.
I would maintain that, even at these levels.
hero member
Activity: 644
Merit: 500
My goal is becaming a billionaire.
January 23, 2015, 10:57:28 AM
#46
I've made around 200$ BTC worth before (full profit) and all of them earnings . I've sold them when the price was around ~300-400$ and I feel that it was the worst decision on my life , I'am planning to earn more BTC but this one I'am planning to keep & hold it till the end Grin I know and I belieave that BTc will go to the moon and I will be rich  Roll Eyes
BTC is a long term investements , early adopters got rich now it's our turn  Roll Eyes
hero member
Activity: 854
Merit: 503
|| Web developer ||
January 23, 2015, 10:51:50 AM
#45
Investisment not for couple days , investisment on many years  Roll Eyes
member
Activity: 117
Merit: 10
January 23, 2015, 10:36:56 AM
#44
I'd buy more if I wasn't so broke. I'm trying to allocate a small portion of my weekly pay to buy btc.

Perhaps people who are broke shouldn't be in the BTC business in the first place. Same goes for any type of investments.
member
Activity: 112
Merit: 10
★Bitin.io★ - Instant Exchange
January 23, 2015, 09:08:12 AM
#43
I'd buy more if I wasn't so broke. I'm trying to allocate a small portion of my weekly pay to buy btc.
full member
Activity: 223
Merit: 100
January 23, 2015, 03:26:51 AM
#42
I would buy more  Grin Cheap Bitcoins are good!
With the BTC I have at the moment I am just holding now.
legendary
Activity: 1163
Merit: 1005
January 23, 2015, 03:18:16 AM
#41
i want to buy it, but the graphics are very terrible decline..
what if it does not go up?
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
January 21, 2015, 05:05:27 PM
#40
I have been buying and repositioning my average buy price.

Where's your god now?

You just pumped fiat in a ponzi. Good job. But reducing your average buy in price of a worthless asset won't help you buy food in the future. Good luck living on food stamps.

I am very well diversified with zero debt.  I doubt it.
lol, that's what I was thinking. I never hold more than I have spent. Think what you like Mirsad, I'm currently shopping for boats and shore front lots with my ponzi money.
member
Activity: 68
Merit: 10
January 21, 2015, 04:59:29 PM
#39
If your investment looked like this chart in the last 180 days, what would you do?

Are you still going to hold? If you do hold, why haven't you bought more? After all, if you are holding, that means you believe that BTC is going to the moon. And if you believe that, you should buy more, a lot more, while the price is low.






I would be shorting, with leverage.
sr. member
Activity: 266
Merit: 250
January 21, 2015, 04:57:20 PM
#38
only some people holding not help bitcoin price.
member
Activity: 105
Merit: 10
January 21, 2015, 02:52:23 PM
#37
Too much risk

So i will hold for now
hero member
Activity: 770
Merit: 629
January 20, 2015, 08:13:12 AM
#36
Charts tell you nothing. The value of an investment depends on it future value. It's past value is irrelevant.
Every stock market and exchange in the world use historical charts. They use sophisticated analysis software to predict how the market will behave. Are they all wrong?

In short, yes.

I can tell by the words you use that you are an investing newbie. Here is my advice to you: Investors make money because they learn, they do research, and they uncover opportunities. There is no magic formula. There is no secret system. People that believe that they can predict the future by looking at charts are nothing more than financial astrologers. Technical Analysis pretends to be a science, but the truth is that it is based on fantasy and superstition, and it is supported only by confirmation bias.

That is true.  However, there is some kind of self-fulfilling prophecy aspect to that.  If sufficient traders use the same intrinsically worthless techniques, and hence come to the same silly conclusions about buying or selling, then those initially worthless techniques DO become true predictions of the future (at least as long as there are no other demands and offers than those from traders).

It is funny, because "technical analysis" has the same "next fool" property as money in itself: technical analysis is only worth something if others think it is worth something concerning the prediction of prices.  The specific algorithms used in technical analysis can be totally arbitrary, as long as sufficient people use the *same* algorithms.  If there is a prediction algorithm which is as silly as "at full moon prices go up by 10%", and if sufficient people BELIEVE that, they will buy just before full moon, and have the prices rise up to 10%.  Not more, because then their algorithm tells them that the asset is somewhat overpriced as compared to their "prediction".
So, technical analysis algorithms behave as money: if sufficient people think it is worth something, then it IS worth something.  

legendary
Activity: 1358
Merit: 1000
January 19, 2015, 08:43:52 PM
#35
If I really believe in my investment, I would buy a little bit more to cost average.
legendary
Activity: 1092
Merit: 1000
January 19, 2015, 06:33:51 AM
#34
Invest in alts, wait till btc rises!  Cool
legendary
Activity: 4060
Merit: 1303
January 18, 2015, 07:48:53 PM
#33
If your investment looked like this chart in the last 180 days, what would you do?

I wouldn't be looking at 180 days.  IF it is an investment, your timeframe should be years.  If I look at practically any arbitrary short-period, I can show pretty much anything I want.  If I look at Nov 2010 through today, it looks quite good.

legendary
Activity: 4298
Merit: 3209
January 18, 2015, 02:26:18 PM
#32
Charts tell you nothing. The value of an investment depends on it future value. It's past value is irrelevant.
Every stock market and exchange in the world use historical charts. They use sophisticated analysis software to predict how the market will behave. Are they all wrong?

In short, yes.

I can tell by the words you use that you are an investing newbie. Here is my advice to you: Investors make money because they learn, they do research, and they uncover opportunities. There is no magic formula. There is no secret system. People that believe that they can predict the future by looking at charts are nothing more than financial astrologers. Technical Analysis pretends to be a science, but the truth is that it is based on fantasy and superstition, and is supported only by confirmation bias.

A fool with a tool is still a fool...but complete denying of a tool and/or a process... Huh

Astrology, dianetics, ghost hunting, homeopathy, and technical analysis are all well-known and somewhat popular tools and/or processes.  I am completely comfortable denying that they are each based on anything more than fantasy or superstition. Of course, I can accept any tidbits of fact that they might contain (if any), but to wade through a sea of nonsense to find those truths is a waste of time.
newbie
Activity: 18
Merit: 0
January 18, 2015, 07:40:40 AM
#31
Charts tell you nothing. The value of an investment depends on it future value. It's past value is irrelevant.
Every stock market and exchange in the world use historical charts. They use sophisticated analysis software to predict how the market will behave. Are they all wrong?

In short, yes.

I can tell by the words you use that you are an investing newbie. Here is my advice to you: Investors make money because they learn, they do research, and they uncover opportunities. There is no magic formula. There is no secret system. People that believe that they can predict the future by looking at charts are nothing more than financial astrologers. Technical Analysis pretends to be a science, but the truth is that it is based on fantasy and superstition, and is supported only by confirmation bias.

A fool with a tool is still a fool...but complete denying of a tool and/or a process... Huh
sr. member
Activity: 1484
Merit: 326
January 18, 2015, 07:33:53 AM
#30
thats chart will shocked investor .
crazy chart ever
sgk
legendary
Activity: 1470
Merit: 1002
!! HODL !!
January 18, 2015, 05:39:05 AM
#29

My question to everyone who is holding, why aren't you buying more today?  (besides being broke)


Keeping the fiat ready to buy BTC, but not buying yet because the price may still go down and I want cheaper coins than this.
sr. member
Activity: 462
Merit: 250
January 18, 2015, 05:32:19 AM
#28
If your investment looked like this chart in the last 180 days, what would you do?

Are you still going to hold? If you do hold, why haven't you bought more? After all, if you are holding, that means you believe that BTC is going to the moon. And if you believe that, you should buy more, a lot more, while the price is low.



You are right,  if you believe that, you should buy more, a lot more, while the price is low.
But people can't sure the price will go more low or rise up.
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