Just lol at ppl telling others to hold

Robert Paulson

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Quote from: thedarksun on September 10, 2014, 07:04:47 AM

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

you're going to dump the best form of money in existence for a bunch of government papers? you are aware that no form of paper money has ever survived, they all went to zero.

Roy Badami

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Quote from: NeuroticFish on September 10, 2014, 09:58:48 AM

Quote from: Miz4r on September 10, 2014, 08:50:01 AM

You can't beat the market, you can get lucky a few times

I tend to disagree. A lot of people make a living of this. On various markets. Bitcoin market is not much different.

Certainly many people make a living from trading. But you've got to remember that most pro traders are paid to manage other people's money. They get paid big money if they make money for their clients. And if their clients lose money - well, the traders don't lose anything. Really - that's how hedge funds work - they take a percentage of their clients profits in good years. And in bad years, well, they don't take a percentage of the losses, and tey still get their management fees.

roy

counter

hero member

Activity: 798

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Time is on our side, yes it is!

Title is very misleading. If people don't know when to sell then their best be is to hold. Here's an example if the try to sell now and the price goes back to 600 they'll lose more money if they'd just held the coins and disregarded the price.

I think most people give the advice to hold thinking people will sell at the wrong time and lose their coins in bear traps. Unless there is some obvious reason to sell before the price went down it's best just to hold.

Febo

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Quote from: thedarksun on September 10, 2014, 07:04:47 AM

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

You are doing wrong you should buy alts and when sell have insta double of BTC

Ibian

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Quote from: Wilhelm on September 11, 2014, 05:36:32 AM

Quote from: zby on September 11, 2014, 03:19:27 AM

This thread shows the slow sentiment change - when the down trend started it seemed obvious to hold, but it was actually better to sell. Now the sentiment seems to be that holding is ridiculous - that probably means that most holders have sold and it can go up again.

I hope to be that rare purple unicorn that has hodled through 2014 Wink

Grandpa, did you really hodl through the Great Bear Market of 2014?

History in the making gentlemen. It's a simple choice. Which risk is worse, losing some money now or losing the chance to be among the richest people in the world in the future?

johnyj

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Beyond Imagination

OP take all the risk and take none of the return, a sure way to go broke Cheesy

Soros Shorts

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Quote from: piramida on September 11, 2014, 03:00:37 AM

Quote from: giveBTCpls on September 10, 2014, 04:47:07 PM

Oh my god, you guys are missing the point. You want quick cash? then yeah, fucking dump it as soon as you want. You want SERIOUS cash? then you have to wait SERIOUS time.

Yeah whats wrong with noobs these days. They are happy to jump out when they are in the green 1% or when they go 40% in the red; that is some money management which is doomed to fail again and again, with any outcome, just statistically.

Well that sell-at-1%-profit-or-40%-loss strategy will still break even at some very high win/loss ratio.

xDan

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ヽ( ㅇㅅㅇ)ﾉ ~!!

If you're that negative that you'll insta-dump when you hit your buy point.... Then you probably were dumping already. So this is probably a factor keeping the price low, disillusioned people cashing out at a loss at every minor spike.

But eventually everybody that wants to dump will have done so.

Hunyadi

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☑ ♟ ☐ ♚

Definitely, it is more difficult to stay calm if you bought recently. After couple of price ramps it will be easier. If you think now is good time to sell, be my guest

I think now you should buy. If you have run out of fiat, then hold.

Perhaps, sell now buy back cheaper, won't work this time.

Wilhelm

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Quote from: zby on September 11, 2014, 03:19:27 AM

This thread shows the slow sentiment change - when the down trend started it seemed obvious to hold, but it was actually better to sell. Now the sentiment seems to be that holding is ridiculous - that probably means that most holders have sold and it can go up again.

I hope to be that rare purple unicorn that has hodled through 2014 Wink

zby

legendary

Activity: 1594

Merit: 1001

This thread shows the slow sentiment change - when the down trend started it seemed obvious to hold, but it was actually better to sell. Now the sentiment seems to be that holding is ridiculous - that probably means that most holders have sold and it can go up again.

piramida

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Activity: 1176

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Borsche

Quote from: giveBTCpls on September 10, 2014, 04:47:07 PM

Oh my god, you guys are missing the point. You want quick cash? then yeah, fucking dump it as soon as you want. You want SERIOUS cash? then you have to wait SERIOUS time.

Yeah whats wrong with noobs these days. They are happy to jump out when they are in the green 1% or when they go 40% in the red; that is some money management which is doomed to fail again and again, with any outcome, just statistically.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Actually I think many people bought way lower then that and your exaggerating the truth to suit your interests which is spamming and misleading newbies, for what I'm not sure but I'd guess.. Cheap coins!

People that bought a bunch at those prices were likely panic buying in order to avoid not being left behind due to the rapid speed the price had raised in a short about of time and continued to rise. Those people should hold because their just now seeing bitcoin stabilize and lots of good news coming in. So while sell before what many like to call a "bubble"? Cheesy

yokosan

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Quote from: thedarksun on September 10, 2014, 07:04:47 AM

LOL at people telling others to hold and use Btc as a future currency rather than an investment. 90% of u guys (including me) are right now at a loss having bought at the 600-1000 price range and just waiting for the price to recover so that we can insta-dump as soon as we get into the green. When and if BTC hits 1000 again and most of us will go + a few percentage, we are going to INSTA dump.

I've been pretty successful with my trading so far. I would go so far as to call myself an old timer (my first forum account was banned). I was here when the first gpu mining software came out. I was here before Silk Road, and when Gox first opened. I was here when Bruce Wagner was the self elected voice of Bitcoin. I pulled out of bitcoin savings and trust with massive gains.

I would say I have pretty good experience with Bitcoin.

I'm not selling a single coin until after the next halving.

Difference between you and me right now? My strategy is based on logic, yours is based on emotion.

giveBTCpls

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Activity: 322

Merit: 250

Oh my god, you guys are missing the point. You want quick cash? then yeah, fucking dump it as soon as you want. You want SERIOUS cash? then you have to wait SERIOUS time. Learn from Warren Buffet for god's sake.

Miz4r

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Quote from: NeuroticFish on September 10, 2014, 09:58:48 AM

Quote from: Miz4r on September 10, 2014, 08:50:01 AM

You can't beat the market, you can get lucky a few times

I tend to disagree. A lot of people make a living of this. On various markets. Bitcoin market is not much different.

Perhaps they are, I remain however skeptical of their long term success in predicting short term direction of markets. I think their success can also be attributed to a few lucky calls and that's why they managed to stay in business so far. The ones who weren't so lucky simply left or became more long term oriented investors.

Quote from: Miz4r on September 10, 2014, 08:50:01 AM

and then the market suddenly catches you off-guard and you lose all your profits and more.

There are ways to minimize loses. They.. happen. Next time you may cover them.

In a volatile and thinly traded market like Bitcoin tight stops don't seem very productive to me, you will get farmed like an idiot.

Topic: Just lol at ppl telling others to hold (Read 3309 times)