Just sold my bitcoin... - page 2. | Bitcointalksearch.org

chessnut

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Quote from: empoweoqwj on February 11, 2014, 11:45:39 PM

Quote from: chessnut on February 11, 2014, 11:25:57 PM

Quote from: chesthing on February 11, 2014, 11:17:05 PM

It's been mid-high $600s all day. I'm still waiting for the real crash, one that lasts more than 5 seconds.

give it 12 hours I reckon, we will see 550, maybe less.

Highly unlikely. The "crash" has happened.

'highly unlikely' - where do you get your sources?
It is trending down, sorry.
there is only FUD to think about, russia bans, apple bans, mt Gox down, BTCe witdrawal problems, 'bug' in the system (there are ignorant people to believe this)..... etc... and there is no good news coming for a while either. give investors time to dwell on these.
last night all the happy go lucky speculators were cheering 'to the moon', obviously, the crash has not happened.
expect 350...... because you dont.

empoweoqwj

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Quote from: chessnut on February 11, 2014, 11:25:57 PM

Quote from: chesthing on February 11, 2014, 11:17:05 PM

It's been mid-high $600s all day. I'm still waiting for the real crash, one that lasts more than 5 seconds.

give it 12 hours I reckon, we will see 550, maybe less.

Highly unlikely. The "crash" has happened.

chessnut

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Quote from: chesthing on February 11, 2014, 11:17:05 PM

It's been mid-high $600s all day. I'm still waiting for the real crash, one that lasts more than 5 seconds.

give it 12 hours I reckon, we will see 550, maybe less.

chesthing

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It's been mid-high $600s all day. I'm still waiting for the real crash, one that lasts more than 5 seconds.

empoweoqwj

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Quote from: uncrownedking on February 11, 2014, 07:36:08 PM

I just sold all my bitcoin (not much lol) hoping for a dip..

How low do you think it will go and at what price should I buy it back?

Might help if you mention what price you sold at.

evolve

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daytrader/superhero

Quote from: wachtwoord on February 11, 2014, 10:20:59 PM

Since the 1900s?

At least. If not earlier.

Which still has fuckall to do with BTC price.

JimboToronto

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You're never too old to think young.

Quote from: ?? on ??

April 2013 was the bear trap of the november-december bull market.

I thought this was the bear trap of the 2014 bull market.

wachtwoord

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Quote from: evolve on February 11, 2014, 10:05:29 PM

You do realize that the gold market is heavily manipulated, right?

Since the 1900s? Just look at the purchasing power now and then. Taking an hour labor of a skilled craftsman is a common way to compare this.

chesthing

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Quote from: uncrownedking on February 11, 2014, 07:36:08 PM

I just sold all my bitcoin (not much lol) hoping for a dip..

How low do you think it will go and at what price should I buy it back?

I think you made the right choice but I'm a terrible trader and have made nothing but mistakes. I recently sold mine in the low $700s and am looking to buy at or below $600. The thing is patience, which has always been my problem. I'm still not sure what feels worse, selling only to see the price rise and leave you behind for days/weeks or buying and seeing the price go to shit.
I think it's important to stand behind your decision, don't buy back in higher - wait it out. If you buy, don't sell for a loss. You don't lose anything unless you commit. Much easier said than done, but this market is so volatile at this stage it's bound to come around again. It's not like you are losing any interest by not holding for a while. The nice thing about not holding is you don't have to worry about collapse, however unlikely that is.
And yeah, ignore the nutters who got in at a few bucks or less, they aren't in our shoes.

TERA

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April was when you got goxxed I believe.

Miz4r

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Quote from: ?? on ??

Quote from: JimboToronto on February 11, 2014, 09:54:26 PM

Quote from: ?? on ??

Can you also post a chart of USD vs bitcoin since December?

Why such a ridiculously short time frame? How about since September?

Why not really go for it and ask for the month of April 2013?

Because December was the end of the bull market. But I am sure you didn't notice yet Grin

Just like April 2013 was the end of the bull market right? Cheesy

evolve

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daytrader/superhero

Quote from: wachtwoord on February 11, 2014, 09:52:45 PM

Look at the long term purchasing power of gold. Very stable because there is no (or a relatively low amount compared to fiat) of inflation. Now think of Bitcoin: NO inflation. 21M BTC is the most there ever will be.

You do realize that the gold market is heavily manipulated, right? Golds price has nothing to due with any intrinsic value as a store of value/currency, its value as an industrial metal, or its limited supply. Nor can BTC be compared to it in any sensible way. They are planets away from each other in about every sense possible.

That aside, lack of inflation and a limited supply in no way adds up to stable price. BTC could stabilize, it could continue boom and bust cycles, it could skyrocket to infinity, drop down to nothing, or anything between....and NOBODY knows which of these the future holds...and anyone who says different is full of shit.

Miz4r

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Quote from: evolve on February 11, 2014, 09:45:26 PM

Quote from: Miz4r on February 11, 2014, 09:40:26 PM

Bitcoin is not a currency.

Then comparing it to a currency like USD is asinine.

Why? I can compare gold to USD as well for example to show that gold is a superior store of value. Anyway I wasn't the one who started the comparison, someone else did to show that BTC has been losing value against the dollar compared to two months ago. I simply zoomed out the chart for him a bit to show how much value USD lost against BTC over an entire year. I don't give a crap whether you want to categorize Bitcoin as a currency or not.

hyphymikey

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Quote from: TERA on February 11, 2014, 08:00:34 PM

Shit this is that classic thread that indicates a floor has been hit. i was really hoping for cheaper coins.

+1

wachtwoord

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Quote from: ?? on ??

Quote from: JimboToronto on February 11, 2014, 09:54:26 PM

Quote from: ?? on ??

Can you also post a chart of USD vs bitcoin since December?

Why such a ridiculously short time frame? How about since September?

Why not really go for it and ask for the month of April 2013?

Because December was the end of the bull market. But I am sure you didn't notice yet Grin

There's been a bull market since 2010 Wink

JimboToronto

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You're never too old to think young.

Quote from: ?? on ??

Can you also post a chart of USD vs bitcoin since December?

Why such a ridiculously short time frame? How about since September?

Why not really go for it and ask for the month of April 2013?

wachtwoord

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Quote from: evolve on February 11, 2014, 09:50:21 PM

Quote from: wachtwoord on February 11, 2014, 09:48:24 PM

Because purchasing power will be stable long term (starting off with a huge volatile increase).

*citation needed*

Look at the long term purchasing power of gold. Very stable because there is no (or a relatively low amount compared to fiat) of inflation. Now think of Bitcoin: NO inflation. 21M BTC is the most there ever will be.

evolve

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daytrader/superhero

Quote from: wachtwoord on February 11, 2014, 09:48:24 PM

Because purchasing power will be stable long term (starting off with a huge volatile increase).

*citation needed*

You have absolutely no idea what the price will do in the future. No one does, and to pretend otherwise is disingenuous.

wachtwoord

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Quote from: evolve on February 11, 2014, 09:44:42 PM

Yup, the USD has had a steady loss in purchasing power over a period of 100 years.

Now explain how swings of purchasing power of up to 80% in a matter of days or weeks makes BTC a more desirable currency than USD.

Because purchasing power will be stable long term (starting off with a huge volatile increase).

evolve

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daytrader/superhero

Quote from: Miz4r on February 11, 2014, 09:40:26 PM

Bitcoin is not a currency.

Then comparing it to a currency like USD is asinine.

Topic: Just sold my bitcoin... - page 2. (Read 5147 times)