Topic: Me=Noob in a bubble -> no problem or am i missing something here? - page 2. (Read 2160 times)

Just bought at $355. Don't think any serious correction, except bear traps, will happen under $500.
Chinese bulls are unstoppable.

When the crash starts you will have hard time to sell your BTC.
You have to sell before the crash starts 
Not easy to get best profit, right ? Welcome to trader world

Thanks so much DannyHamilton !

I guess i'll try to ride sell at the high point of the bubble with my wealth of 2 bitcoins - and miserably fail and learn from this for the next bubble

For real.. late buying into a bubble is really bad for my sleep cause i am afraid of the 7hours i am away from the computer.

A currency tripling in a month isn't a real currency.  To actually be used in commerce the price needs to be relatively stable (whatever the price ends up at).

Everybody?  No.  Many of us like it when the price falls.  That's a great time to buy.


Most of the bitcoin exchanges are rather basic in the order types they support


Probably, but during a crash there is so much activity it can often overwhelm the API interface.


No way to know for sure.  Possibly minutes or hours.


During a crash, the exchanges tend to become overwhelmed with the orders being placed.  There is often a lag of many minutes or even hours between when you click the sell button and when the sell order gets into the order book. Even if you do get a sell order into the order book, you may not find any "buy" orders.  By the time your order's turn is being processed, you might have to wait for a buyer to place an order, and your order will then complete at whatever rate they happen to be willing to buy for ($0.10?)


It can be.

There is alot of media coverage on bitcoins right now. But as soon as the media coverage is gone or turns into negative press. (Just like the inputs.io incident)
the trust in bitcoins will plummet and we are back to 100$. I cannot see into the future, nobody can.

I can't sell...i dropped all my btc in a transaction in the future...so lets hope nobody stops mining

And don't worry, there will be a dump next week. People will take their profit and the price will go down rocket low.

Hii there!

Noob in a bubble, that's recipe for disaster, is it

I would appreciate your perspective:
It seems this to me: Everybody is in bubble-mode and hovers his mouse over the 'sell all' button to sell as soon as the collapse starts.
Is that kinda right?

I am wondering a few things:
- No stop-loss function on bitstamp (what is up with that?)
But i guess more 'professional' traders have computers and computer programs running to sell automaticall as soon the bubble starts, meaning they have stop-loss with their api software(?).
- How quick is the fall when the bubble crashes?
It seems so 'secure to me (but i guess it's not): I imagine just monitoring the bitcoin value, and when i see it falling from 350 to 340 i just click 'sell all' and no problem everything is saved at 340. What is the problem? (i got a feeling i don't get something and i am gonna lose a lot of money here:))
Is the fall soo quick that you easily lose money anyway?
I 'heard' in the last crash that it fell in a 'couple' of hours.
Ok, in all cases, there is this: when i am sleeping for 7 hours (no stop-loss function) and the crash comes, then i am beeped.

Thanks for your input!


ps damn i kick myself for needing so much time for identification process (had to get some documents), cause i found bitcoin per accident at about 140 and then i would have had the balls to put in some serious money (in my case 10000dollars:)). But then it was 200 and i thought the bubble already ended, well i got now 1bc at 255, 1bc at 296 and 1bc at 314.