Topic: No coins and needing to buy back in - page 2. (Read 2968 times)

Just grow some balls and buy in and hodl. Yes there is a chance we will bounce off 1000 (stamp) again, but there is imo a bigger chance we go through this time and a lot higher. The window of opportunity is getting shorter and the upside risk is increasing each passing day. There's no time to wait for China to sort its shit out.

rptiella is consistently wrong with his predictions.  He's one of those people I usually bet against in my personal trading.

So far listening to bears has cost me money. Not to blame, but I was heavily basing this last decision to sell on rptiella's comments. They seemed logical and he is longterm bullish, though very bearish this last week. I sold thinking any money I lose would be insurance for a price drop to 300 which is what a lot were saying a couple days ago.

Im going to wait for 950 again and then start buying in. My previous lesson was "never buy back in for more than you sold" and there is no reason to think we will go to Mars yet, with some of the uncertainty. Feb may be a different story. I think it was a month after silk road that the price went to the Moon...

I am a hodler by nature. I am just trying to get 10 coins but can only afford 5 at the moment so Im trying to speculate. As a result I may end up with 3 coins. Wish I had more I can risk losing, but that's the reality of situation. At least for the next few weeks.

One things for sure is that the lesson I have been learning on trading from this forum have far outweighed all the forex schools I completed in the past (forex trading without actually using real money). You cant beat the lessons learned when playing on the field with others and seeing what works and doesnt work for different people. So far I have learned that a bear attitude is a losing one. This is true in life as well.

1.  Well 830 to 890 over 24 hours leading into the weekend isn't what I could call measured, but who knows.

2.  China.  Ask yourself this: Would you be terribly surprised if BTC China, Huobi, etc all closed before the 31st?  Honestly, I wouldn't.  The Chinese gov't will curb stomp anyone who they perceive as a threat to their control over the people.  All I'm saying is, we shouldn't take their continued presence for granted.

3.  I'm surprised at the warm reception by the US Gov.  I see it as short term positive, long term negative.  Why?  I speculate that their stance will change .. or it will remain positive but they will work behind the scenes to undermine confidence.  I know that's a bit of a tinfoil hat theory, but I am skeptical that a government which relies on the sanctity of their fiat would embrace a technology designed to erode that sanctity.  The only counter argument I have heard which resonates is that they see bitcoin as a new source of economic traction.  Maybe, but you'd think they have more to lose than gain by people switching to an alternate currency.

4.  It's good to see the exchanges shoring up their legal compliance, however, consider how much sway Slovenia has over the stability of Bitcoin at the moment.

5.  Not sure about this.  If someone has a vested interest in crushing Bitcoin, all they need to do is coerce those who run mining pools into bad behavior.  If history proves anything, those with power will eventually become corrupted.  The only way to fight this is to rely on transparent, unbreakable, unbendable protocols.

To sum it up, I don't like having to rely on humans behaving a certain way to ensure that my wealth will be secure (whether that be banks, law enforcement or miners).  The reason I posted this was to reassure this guy that at least there is one guy (me) who thinks we will dip low enough for him to re-enter at what he considers a good price.

That's what you get when you SODL when you should have HODL.

I am 50/50 and feel your pain. We'll I've been 50/50 for the past 2 weeks. It's very frustrating because I'm always on the wrong side of the market - I always should have either bought or sold and instead of making a fortune I'm just sitting around. Anyways don't panic - there's always going to be another FUD. There's probably another one in the works now, and when Huobi gets shut down that's sure to be entertaining. The problem is when this FUD comes, you'll probably believe in it. It'll be the FUD of all FUDs just like every other FUD, and you wont act. Then the price will shoot up again and you'll still have no coins, left waiting for yet another FUD. It's going to take some balls to get back in this market, however you do it. Good luck.

I believe you may be painting a slighty too bleak picture there.

1. We haven't really had a huge surge this weekend. It's been quite measured. Look at the day chart - we have not surged in the same way as last weekend; we are actually back to following the trend that has been steady for over three weeks now.

2. China is looking less and less bad as the days go on. It is looking increasingly likely that as long as Bitcoin doesn't blow up too quickly they will let it continue (backed up by sources in China). The January 31 deadline has been talked about so much people have got used to it. Who knows but my bet is it will be an anti-climax on the day.

3. At the moment there is no reason to believe that the US will change its remarkably positive stance. Lawmakers and authorities are scrambling to make a place for Bitcoin in the mainstream.

4. The exchanges are doing a lot of work to conform to demands from authorities. Have a look at this thread in service discussion: https://bitcointalksearch.org/topic/bitstamp-wanted-to-withdraw-money-and-was-hit-with-these-weird-kyc-questions-406908 Bitstamp for example is getting clients new and old to go through considerable KYC processes. Some people complain but why are they doing this? Because they are in for the long term and want to stick around as a big player on the exchange scene.

5. A hard fork or attempted double spending is not guaranteed at all. On the contrary I think people are working together to improve the security of the network.

You speak of "massive corrections" but I happen to think we do not need a correction. The China bubble is in fact a bump on the uptrend for 2014. I think in 2014 we will see the end of fast adrenalin-pumped run ups like we have seen in the past, and instead watch strong consistent growth with spikes here and there.

You can't win them all.  Remember, the gains last weekend were erased early last week.  One should be very skeptical of huge surges like this over a weekend.  Be patient, all it takes are a few bad news days and the price will be back where you want it (or lower).  China is still highly unpredictable at this point.  The current price assumes a continued positive reception from US regulators and a neutral stance from China.  If Bitcoin truly threatens power structures, we should expect a more negative regulatory outlook worldwide.  This will be balanced to some degree by more business adoption.  Over time I believe the adoption rate will considerably counteract regulatory pressure on the price.  In the short term, however, expect massive corrections.  Picture a large exchange being shut down due to pressure on local authorities, for instance.  Plenty of things can go wrong.  In the longer term, Bitcoin will have to adjust to technical problems.  A hard fork or attempted double spending is guaranteed as mining power becomes consolidated or other unforseen problems arise.  The infrastructure will adjust, but there will be a massive price correction.  Be patient and profit from these corrections.

Just look at the triangles and PPMY-12 analysis, both say buy in at 777.  I would shoot for 791 just to give you slack in the trapezoidal parameters.

We may float more or less sideways for a few days, then again we might pop up over 1000 and do the same... I think we will be going over 1,000 for good a little sooner than towards the end of the month (my previous prediction. Good luck with whatever you decide to do! 

pbody, here's what I do when I speculate on where the price would go - set a buy order , better yet several, based on where you think the price would go. don't adjust them on emotion. just leave them be.

right now, if I was in your situation, I'd buy 1 coin right away and set buy orders for 1 coin at 950, 900, 850, 800 (gox). free advice so do with it as you want.

You can't predict the bottom.  

You should of placed bids as the price moved down.

I sold some of my coins at 900 last week have regretted it ever since. Mind you, I made a HUGE profit but I'd rather have my coins. Anyhow, I believe bitcoin prices will flucture around the 900 +/- 100 for the near future. And I don't think it will ever go below 700; I'm sure bears will jump in and scream that double-digits are not only possible but will come soon, don't believe them, they just want you to sell your coins so they can pick them up cheap.

FYI, I don't believe in HODL strategy 100%, there's room for trading if you ever hope to increase your HODLings.

Hoping someone else is in my situation so we can share anxiety.

I sold at 950 last week taking a small profit (for bitcoin/ insanely awesome profit for the rest, 20%) so I can buy more coins. I keep waiting for a dip to the 700s so I can get more coins. I can afford to invest about 5 coins at that rate. I almost bought in the 500s but whatever , 'shuld, culda wulda'.

Keep waiting, now Im tempted to buy the next dip to the 800s.

I have 'bitcoin paranoid' which is a great android app that sends alerts when the price goes up at whatever percentage you set it to. So Im on top of the price all day long and can instantly buy at anytime.

Anyone in the same boat have a buy back plan?