I've cashed out but this is not the end. - page 3.

DavidZ

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Quote from: Swordsoffreedom on December 21, 2013, 03:31:57 AM

You got to hang out with Bitcoin for a while to tell this is actually just a phase in the adoption cycle before the price does its usual Cool

Quite likely, but as has been pointed out I am new to bitcoin investing. Whatever happens will be enthralling to be part of and I do believe cryptocurrency is a truly revolutionary technology.

Elwar

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Viva Ut Vivas

Quote from: jojo69 on December 21, 2013, 02:50:20 AM

Quote from: Elwar on December 21, 2013, 02:36:14 AM

Quote from: TERA on December 21, 2013, 02:26:51 AM

Quote from: Elwar on December 21, 2013, 02:17:57 AM

Quote from: TERA on December 21, 2013, 02:13:09 AM

Quote from: Elwar on December 21, 2013, 02:12:20 AM

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

I have a buying opportunity every time I get paid in fiat.

I made the mistake of shorting at $4 thinking it would go down to $3.50. I got short squeezed as it went down to $3.60 then climbed and climbed and climbed...

Now I just get what Bitcoin I can, when I can.

ZHAOTONGED!!!

I did

Fortunately I pulled out the rest of my BTC about a week before Bitcoinica stole everyone's money.

Elwar

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Activity: 3598

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Viva Ut Vivas

Quote from: DavidZ on December 21, 2013, 03:23:14 AM

a good way to minimize risk and maximize profit at the same time.

You mean the risk of the bank taking all of your fiat (especially the ones that like to freeze Bitcoin users accounts)?

Or the risk of the dollar collapsing? You know...that whole $20 trillion debt and QE infinity...

Maximize profit? The value of Bitcoin has gone up by at least 1000% yearly...I would hate to be stuck with fiat.

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

You got to hang out with Bitcoin for a while to tell this is actually just a phase in the adoption cycle before the price does its usual Cool

DavidZ

newbie

Activity: 56

Merit: 0

Quote from: seriouscoin on December 21, 2013, 03:04:44 AM

Cashing out is a big no no in such an uptrend market. You will miss buying opportunities thanks to our banking system.

It depends on your time horizon.

There are hourly swings in price, daily swings in price, weekly swings in price ...

It is unclear to me when this will bottom before reaching a new ATH. When I see the buy signal I will be back in. This could bottom at $10 then swing back up to $300 at which point I may buy back in and own twice the coins I did before. The price could then increase to $2000.

I'm not saying buying and holding isn't a bad thing to do. I just see may strategy as a good way to minimize risk and maximize profit at the same time.

seriouscoin

hero member

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Cashing out is a big no no in such an uptrend market. You will miss buying opportunities thanks to our banking system.

TERA

hero member

Activity: 728

Merit: 500

Quote from: Elwar on December 21, 2013, 02:36:14 AM

Quote from: TERA on December 21, 2013, 02:26:51 AM

Quote from: Elwar on December 21, 2013, 02:17:57 AM

Quote from: TERA on December 21, 2013, 02:13:09 AM

Quote from: Elwar on December 21, 2013, 02:12:20 AM

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

I have a buying opportunity every time I get paid in fiat.

I made the mistake of shorting at $4 thinking it would go down to $3.50. I got short squeezed as it went down to $3.60 then climbed and climbed and climbed...

Now I just get what Bitcoin I can, when I can.

Oops I'm talking about the guy withdrawing cash.

jojo69

legendary

Activity: 3318

Merit: 4606

diamond-handed zealot

Quote from: Elwar on December 21, 2013, 02:36:14 AM

Quote from: TERA on December 21, 2013, 02:26:51 AM

Quote from: Elwar on December 21, 2013, 02:17:57 AM

Quote from: TERA on December 21, 2013, 02:13:09 AM

Quote from: Elwar on December 21, 2013, 02:12:20 AM

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

I have a buying opportunity every time I get paid in fiat.

I made the mistake of shorting at $4 thinking it would go down to $3.50. I got short squeezed as it went down to $3.60 then climbed and climbed and climbed...

Now I just get what Bitcoin I can, when I can.

ZHAOTONGED!!!

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: TERA on December 21, 2013, 02:26:51 AM

Quote from: Elwar on December 21, 2013, 02:17:57 AM

Quote from: TERA on December 21, 2013, 02:13:09 AM

Quote from: Elwar on December 21, 2013, 02:12:20 AM

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

I have a buying opportunity every time I get paid in fiat.

I made the mistake of shorting at $4 thinking it would go down to $3.50. I got short squeezed as it went down to $3.60 then climbed and climbed and climbed...

Now I just get what Bitcoin I can, when I can.

TERA

hero member

Activity: 728

Merit: 500

Quote from: Elwar on December 21, 2013, 02:17:57 AM

Quote from: TERA on December 21, 2013, 02:13:09 AM

Quote from: Elwar on December 21, 2013, 02:12:20 AM

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

samsam

newbie

Activity: 42

Merit: 0

Quote from: DavidZ on December 20, 2013, 10:21:45 PM

I've cashed out but this is not the end.

If one examines the one day chart of btc at http://bitcoinwisdom.com/markets/btce/btcusd one can clearly see that we are in the midst of a steep multi-day down-trend. There are still opportunities for profit for day traders but I will be having a break from that for a while.

Cashing out makes a lot of sense right now.

Xiaoxiao

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The Golden Rule Rules

https://www.youtube.com/watch?v=gx7JRXXcGOE

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: TERA on December 21, 2013, 02:13:09 AM

Quote from: Elwar on December 21, 2013, 02:12:20 AM

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

TERA

hero member

Activity: 728

Merit: 500

Quote from: Elwar on December 21, 2013, 02:12:20 AM

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

RHCwebhosting

newbie

Activity: 51

Merit: 0

I SODL at $500

Fiat is king until I can buy back at $400 Grin

jojo69

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Activity: 3318

Merit: 4606

diamond-handed zealot

Quote from: DavidZ on December 20, 2013, 11:04:23 PM

Quote from: jojo69 on December 20, 2013, 10:52:41 PM

Quote from: DavidZ on December 20, 2013, 10:49:14 PM

That could be 2 - 3 months from now and this could bottom sub 100.

and? ...

whoop de do

we went from the unbelievably vertigo inducing price of $32...

to $3

so $100 would be meh, not that I expect it to go much under $400 really

So if you sold now and bought back in at $400 you would then own %50 more bitcoin than you have now.

yeah, I have tried that in the past and have less coin to show for it, this market can move against you with a lethal vengeance, trust me

now I dabble with maybe 10% just for fun, usually manage to break even

but hey, obviously you are a trading prodigy who can beat the market, best of luck to you

DavidZ

newbie

Activity: 56

Merit: 0

Quote from: jojo69 on December 20, 2013, 10:52:41 PM

Quote from: DavidZ on December 20, 2013, 10:49:14 PM

That could be 2 - 3 months from now and this could bottom sub 100.

and? ...

whoop de do

we went from the unbelievably vertigo inducing price of $32...

to $3

so $100 would be meh, not that I expect it to go much under $400 really

So if you sold now and bought back in at $400 you would then own %50 more bitcoin than you have now.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: DavidZ on December 20, 2013, 10:49:14 PM

Quote from: jojo69 on December 20, 2013, 10:44:46 PM

Quote from: Okurkabinladin on December 20, 2013, 10:40:31 PM

So one´s background in trading is now judged upon amount of time spent on Bitcointalk? You´d make lovable financial advisor.

not in the least, but those of us who have been around here for a while have been through this umpteen times, there are just more zeroes after the numbers now

in percentage terms this "crash" is small potatoes compared to the rollercoaster we have ridden these last few years

yawn, wake me up when we break 1K again

That could be 2 - 3 months from now and this could bottom sub 100.

I thought you left. Why are you still here?

jojo69

legendary

Activity: 3318

Merit: 4606

diamond-handed zealot

Quote from: DavidZ on December 20, 2013, 10:49:14 PM

That could be 2 - 3 months from now and this could bottom sub 100.

and? ...

whoop de do

we went from the unbelievably vertigo inducing price of $32...

to $3

so $100 would be meh, not that I expect it to go much under $400 really

Topic: I've cashed out but this is not the end. - page 3. (Read 5465 times)