Topic: PRICE CRASH = SELL NOW REDUCE LOSS (Read 5849 times)
All my coins are mined I'm not losing anything! Once I get some cash I may try to get some on the market so I can buy but had some really bad luck the last month. Had to kill my BFL ASIC preorders ask for a refund and sell some hardware on ebay at a loss. But I've got that money pit car out of my life! Mortgage still up $300+ a month
While you are reducing loss, you are increasing gains for the manipulators.
Bullish Sign: Coinbase out of coins.
Quote from: Coinbase
Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.
Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Wednesday May 8, 2013 at 10:41AM PDT.
Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Wednesday May 8, 2013 at 10:41AM PDT.
Dude.
Coinbase is always out of coins.
I think 5 days is pretty normal actually.
Bullish Sign: Coinbase out of coins.
Quote from: Coinbase
Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.
Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Wednesday May 8, 2013 at 10:41AM PDT.
Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Wednesday May 8, 2013 at 10:41AM PDT.
never sell on a crash unless there is no hope of it coming back lol - I wish I could get some cash in so I can buy right now!
They will never learn. As long as Bitcoin itself is sound, every crash must stop, eventually. And every single crash in the history of Bitcoin eventually rebounded, at least to some degree, even the crashes from 32 in 2011 and from 266. I so far made money on every single crash I did not miss out and I am sure so did many on this forum. As it is a zero sum game, our gains must be someone's losses.
I am not too happy about it. All those shaky hands not only take losses, they also give Bitcoin a bad name. We want Bitcoin used as a means of payment by the rest of the world and we want it in 6-digit ranges. All those Morons are spoiling the party.
never sell on a crash unless there is no hope of it coming back lol - I wish I could get some cash in so I can buy right now!
You'll have plenty of time and get in at a lower cost per coin, so don't feel hurried.
never sell on a crash unless there is no hope of it coming back lol - I wish I could get some cash in so I can buy right now!
i guess i should dump all my coins then and take it down to $30. sounds reasonable.
it's about perception.. if you do that and many others too everyone will think it'll go lower. only problem is if you by accident dump at a time when sentiment has changed. the idea is that your actions one way or another will influence the actions of others.
out of curiosity i wonder how the dark pools of tradehill are doing
correct, and thats why threads like this are created also. tradehill opening back up is a good/bullish sign. i did a lot of business with them back in 2011 before they closed.
i guess i should dump all my coins then and take it down to $30. sounds reasonable.
it's about perception.. if you do that and many others too everyone will think it'll go lower. only problem is if you by accident dump at a time when sentiment has changed. the idea is that your actions one way or another will influence the actions of others.
out of curiosity i wonder how the dark pools of tradehill are doing
i guess i should dump all my coins then and take it down to $30. sounds reasonable.
It just cracks me up how everytime we're in a correction or a rally, everybody takes everything so personal. It's like "Stop selling! My bitcoins lose value!"
i guess you have to own some coins before you know the feeling.
but keep instilling panic i like cheap coins too.
I do own coins and i am long term bullish but BTC have clearly been overbought in the last couple of months and now we are correcting. I have never made FUD posts either so i don't know where that came from. For the record i believe in 300USD/BTC at the end of the year when VC's have upgraded infrastructure and big money starts pouring in. But i'm reasonable and right now i think BTC is a little overvalued.
It just cracks me up how everytime we're in a correction or a rally, everybody takes everything so personal. It's like "Stop selling! My bitcoins lose value!"
i guess you have to own some coins before you know the feeling.
but keep instilling panic i like cheap coins too.
maybe you are an earlier adopter than us , but this doesn't mean that you know better or even you are smarter than a jr.member . most people I know that are involved in BTC are highly educated with long experience and knowledge, even if some do not hold a degree they smart and heavily involved here.
so that jr.member in their profile doesn't mean anything to me. well this attitude only proves that you are an ignorant person who have no self confidence .
Buying "all the way down" works in a subjective fashion. When I consider this still an inflated price, am I really buying on the way down, or at the top of my perceived overvaluation? My "on the way down" is a lot different than yours, especially if you think $110-$120 is cheap like some people were saying.
Here's how I see it.When the price was rising, I was selling on the way up. Thus, buying on the way down is nothing more nor less than rebuying the coins I sold at a lower price than I sold them.
It's pure profit, and requires zero speculation as to where the market will go in the future. That is, if you had the foresight to sell on the way up. I certainly wouldn't recommend for someone to be "getting into" Bitcoin right now.
I see by your responses that a lot of you are not panic selling. Your sensible and rational approach is ruining bitcoin for me! Can't you panic a little? A guy on the internet is saying sell and crash. He is using all caps. You should be crying and covered in sweat as you pound on the sell button.
It just cracks me up how everytime we're in a correction or a rally, everybody takes everything so personal. It's like "Stop selling! My bitcoins lose value!"
i guess you have to own some coins before you know the feeling.
but keep instilling panic i like cheap coins too.
dump and pump maybe
last chance to get on double-digit
Here's one of those Jr Member March2013 bulls I was talking about bitcon. This is the fish at the poker table. last chance to get on double-digit
dump and pump maybe
last chance to get on double-digit
last chance to get on double-digit
I might be bitcoin newb but I isn't newb to markets in general, doing since 1994, seen some shit in my time I tells ya. so far nothing about bitcoin tells me that it is the special one, it is like many other types of highly speculative markets. but my main point is that you got to have RISK CONTROL or the markets are going to give it to you bending over. you need to know when to put RISK ON and know when to take RISK OFF. ah what the point, just pay good attention to what is going to happen over the next few months and try to learn from it for your future.
Most of the vocal people in this forum buy and refuse to sell no matter what the price.
They bury their heads in the sand and watch it crash all the while still holding. They think it makes them 'strong' and only the 'weak' sell.
It just cracks me up how everytime we're in a correction or a rally, everybody takes everything so personal. It's like "Stop selling! My bitcoins lose value!"
I might be bitcoin newb but I isn't newb to markets in general, doing since 1994, seen some shit in my time I tells ya. so far nothing about bitcoin tells me that it is the special one, it is like many other types of highly speculative markets. but my main point is that you got to have RISK CONTROL or the markets are going to give it to you bending over. you need to know when to put RISK ON and know when to take RISK OFF. ah what the point, just pay good attention to what is going to happen over the next few months and try to learn from it for your future.
all these jr. member bears crack me up. they play the market for two months and they think they have it all figured out.
You've been here too long, falling into "delusion of grandeur", this is a "Reality check" from juniors.. all these jr. member bears crack me up. they play the market for two months and they think they have it all figured out.
see a hero there making money and shit. you may know me as a jr.member but you do not know who I am .
all these jr. member bears crack me up. they play the market for two months and they think they have it all figured out.
You realize they're outnumbered by jr. member bulls by a factor of about 10 right? 
We oughta make a manipulation post for the newbs who are getting fleeced. It's only fair.
all these jr. member bears crack me up. they play the market for two months and they think they have it all figured out.
the buy volume is 10x the selling volume orders
people are just trying to push the wave down with most doing that knowing that they will be buying back in when it's "cheaper"
i doubt anyone really is panicking
people are just trying to push the wave down with most doing that knowing that they will be buying back in when it's "cheaper"
i doubt anyone really is panicking
T o all who are panic selling... Thank you so much, I really appreciate it. 
Its not panic selling while no money comes into bitcoin anymore.
Why does this shit always happens the day before I get my BTC...
Tsk* This is simply a test of the warrior! Sell? Take loss? Fool! I will sit calmly during the storm and preserve my strength. The storm will pass...
I will wait for the rally.
Tsk* This is simply a test of the warrior! Sell? Take loss? Fool! I will sit calmly during the storm and preserve my strength. The storm will pass...
I will wait for the rally.
shit confirmations are taking so long
T o all who are panic selling... Thank you so much, I really appreciate it.
Dude, I just sold my last sliver. got a good average selling price on the way down overall. I didn't panic I don't think, just experience from getting burnt in other markets, e.g. the tech stock bubble in the early noughties. oh people who wanna post again that btc does not equal stocks, don't bother. you posted that before the latest crash, changing your minds now eh, eh? anyhoot, I'm going to do now what I didn't do 14 years ago. I now waiting with my keg of dry powder and seeing what happens. I MAY buy in again but only after I is sure it has bottomed out and steady and started rising again but only after the bulls have mostly left forums like this because they is fed up because price isn't shooting up for them. for these bull guys, this is their lesson so that they can do better in 14 years time for the next bubble zwangcoin or whatever that may be innit. T o all who are panic selling... Thank you so much, I really appreciate it.
Can you sense panic? I see constant selling pressure since yesterday, more sellers than buyers,hence the price crash.Wake up the hype bubble has popped.If west coast decides to join the dump we will see $60 $70 again today then Price will rally up again . Tmrw v likely it will start another Asian European dump and decent to the $50 wall, I don't see it breaking that wall easily If ever, if it does then bit coin will be priced fairly low on the short term. Only savior from double digits is a powerful rally back to 120 - 130.
$100 was an important psychological barrier that is now broken unfortunately. Also I'd imagine a lot of merchants who gathered btc will want to dump btc to get the most of it. A lot of the new bit coin entrepreneurs were depending on bit coin strength and stability, if it fails to hold above $50 alot will cancel their venture plans and hold, only market makers and true believers will continue with their bit coin ventures.
Long term I'm not too concerned but this is my expectations based on the price trends.
$100 was an important psychological barrier that is now broken unfortunately. Also I'd imagine a lot of merchants who gathered btc will want to dump btc to get the most of it. A lot of the new bit coin entrepreneurs were depending on bit coin strength and stability, if it fails to hold above $50 alot will cancel their venture plans and hold, only market makers and true believers will continue with their bit coin ventures.
Long term I'm not too concerned but this is my expectations based on the price trends.
i think all it takes is opening up a few more exchanges to stabilize price - also, writing better engine/rules at gox. panic buying and selling is rather dumb and i think most people realize this by now
T o all who are panic selling... Thank you so much, I really appreciate it.
Can you sense panic? I see constant selling pressure since yesterday, more sellers than buyers,hence the price crash.Wake up the hype bubble has popped. 
Be sure to panic sell, I want to load more cheap coins. 
Really was this crash that obvious? Wow you must have made a killing!
Yes, it was pretty obvious.
I sold all my BTC at $162 then went back in for a small profit of a couple of thousand USD in the $140's before selling it all again.
It was massively oversold and the price went up way too fast, now it's correcting.
I'm sure it will happen all over again once this settles down over the coming weekend.
PRICE CRASH = SELL NOW AND CREATE MORE LOSS. (there. fixed that for you.)
$100 was an important psychological barrier that is now broken unfortunately.
Your important barrier has been broken at least a dozen times in the last 2 months.
Bitcoins aren't a local thing.
T o all who are panic selling... Thank you so much, I really appreciate it.
$100 was an important psychological barrier that is now broken unfortunately.
Your important barrier has been broken at least a dozen times in the last 2 months.
If west coast decides to join the dump we will see $60 $70 again today then Price will rally up again . Tmrw v likely it will start another Asian European dump and decent to the $50 wall, I don't see it breaking that wall easily If ever, if it does then bit coin will be priced fairly low on the short term. Only savior from double digits is a powerful rally back to 120 - 130.
$100 was an important psychological barrier that is now broken unfortunately. Also I'd imagine a lot of merchants who gathered btc will want to dump btc to get the most of it. A lot of the new bit coin entrepreneurs were depending on bit coin strength and stability, if it fails to hold above $50 alot will cancel their venture plans and hold, only market makers and true believers will continue with their bit coin ventures.
Long term I'm not too concerned but this is my expectations based on the price trends.
$100 was an important psychological barrier that is now broken unfortunately. Also I'd imagine a lot of merchants who gathered btc will want to dump btc to get the most of it. A lot of the new bit coin entrepreneurs were depending on bit coin strength and stability, if it fails to hold above $50 alot will cancel their venture plans and hold, only market makers and true believers will continue with their bit coin ventures.
Long term I'm not too concerned but this is my expectations based on the price trends.
i sell all my bitcoins and waitig for better times
Selling all is really the most stupid thing to do.
WTF ?
How can selling all your BTC at $140+ when it was obvious this was coming be stupid when the price is now lower than $100 ?
He couldn't sell at 140 because at the time he wrote this, as you accurately stated, the price was lower than 100. That means he has to speculate that the price goes much lower. But what happens if Slovenia closes the banks tomorrow?
And by the way, thanks for selling to me at 93 on GOX. Just transferred to BTC-e and sold @102
Has anyone ever made a better arb deal?
i sell all my bitcoins and waitig for better times
Selling all is really the most stupid thing to do.
WTF ?
How can selling all your BTC at $140+ when it was obvious this was coming be stupid when the price is now lower than $100 ?
Really was this crash that obvious? Wow you must have made a killing!
i sell all my bitcoins and waitig for better times
Selling all is really the most stupid thing to do.
WTF ?
How can selling all your BTC at $140+ when it was obvious this was coming be stupid when the price is now lower than $100 ?
He couldn't sell at 140 because at the time he wrote this, as you accurately stated, the price was lower than 100. That means he has to speculate that the price goes much lower. But what happens if Slovenia closes the banks tomorrow?
i sell all my bitcoins and waitig for better times
Selling all is really the most stupid thing to do.
WTF ?
How can selling all your BTC at $140+ when it was obvious this was coming be stupid when the price is now lower than $100 ?
This place is worse than the BTCE chat.
This forum used to be fun, now it's such a shit hole.
Well it seemed pretty obvious to me which is why I sold everything and waited for a crash.
I didn't have to wait long. Just a coincidence ?
i sell all my bitcoins and waitig for better times
Selling all is really the most stupid thing to do.
WTF ?
How can selling all your BTC at $140+ when it was obvious this was coming be stupid when the price is now lower than $100 ?
This place is worse than the BTCE chat.
This forum used to be fun, now it's such a shit hole.
Yes yes keep selling, more cheap coins 
i sell all my bitcoins and waitig for better times
Selling all is really the most stupid thing to do.
WTF ?
How can selling all your BTC at $140+ when it was obvious this was coming be stupid when the price is now lower than $100 ?
For those who are not aware we are ALREADY in double digits..
Now if everyone sells to reduce loss, how is this going to help reducing loss?
-1
Again I have a feeling that is going to 70 or less by tomorrow, I feel so bad because just yesterday I was convincing a friend who have an IT business to accept BTC, when he will see the price today he will never do it.
BTC is just not that good for small and medium company that can lose everything in a day .
BTC is just not that good for small and medium company that can lose everything in a day .
The one day price drop from $266-$105 was the most clear and obvious evidence of all time. All you perma bulls go back and look and ask why did you choose to believe with no evidence? I fucked up and lost on plenty of bad investments. Learn from this and profit next time. Good luck, sorry to those who lost money. As for those who attacked me with words like idiot and moron well, no hard feelings, whatever. Maybe next time you'll use logic to invest your money and not your heart.
there were less "sold" coins during that crash than the volume that followed. there's been 10x more sold this past day that during the crash. it's all artificial bs
FUUUUUUUUUUUUCKKKKKK I wish It didn't take a month to get verified
Sell, sell, sell, ... Tomorrow will be below 70 usd
I bought all my coin at $14 and I sold 20% at $103 and then 80% at $230. I'm buying it down to the bottom. I'll still be up way over 1000% profit. And if some real news comes out soon, I'll be in a great position for more profit. If it takes forever for adoption to come at least I'm back in the game and here for the long term again.
Sell, sell, sell, ... Tomorrow will be below 70 usd
Again I have a feeling that is going to 70 or less by tomorrow, I feel so bad because just yesterday I was convincing a friend who have an IT business to accept BTC, when he will see the price today he will never do it.
BTC is just not that good for small and medium company that can lose everything in a day .
BTC is just not that good for small and medium company that can lose everything in a day .
The one day price drop from $266-$105 was the most clear and obvious evidence of all time. All you perma bulls go back and look and ask why did you choose to believe with no evidence? I fucked up and lost on plenty of bad investments. Learn from this and profit next time. Good luck, sorry to those who lost money. As for those who attacked me with words like idiot and moron well, no hard feelings, whatever. Maybe next time you'll use logic to invest your money and not your heart.
i sell all my bitcoins and waitig for better times
I thought you sold all at 165 ?
:Dim day trader bro
buying low, selling high
Again I have a feeling that is going to 70 or less by tomorrow, I feel so bad because just yesterday I was convincing a friend who have an IT business to accept BTC, when he will see the price today he will never do it.
BTC is just not that good for small and medium company that can lose everything in a day .
BTC is just not that good for small and medium company that can lose everything in a day .
Yep I'm aware and I'm buying. Sell now? WTF? Put buy orders in to the bottom. The herd will come back on the first non-news story on CNET in a few months. SELL HIGH BUY LOW. DAMN THIS SHIT IS EASY AS FUCK!
this is the first time that the price of BTC is constantly higher in BTC-e.com than mtgox and bitstamp
For those who are talking about the troll box look into this forum section
i sell all my bitcoins and waitig for better times
I have to say you were right mate
i sell all my bitcoins and waitig for better times
Selling all is really the most stupid thing to do.
i sell all my bitcoins and waitig for better times
I thought you sold all at 165 ?
:D
i sell all my bitcoins and waitig for better times
Buying "all the way down" works in a subjective fashion. When I consider this still an inflated price,
I am bearish, too, but only based on the twisted perception of ignorant morons who haven't got a clue. ATM, only the post "bubble" desperation gets priced in, not the potential 3 order magnitude upturn.
it is going to 70 $ by tomorrow
Buying "all the way down" works in a subjective fashion. When I consider this still an inflated price, am I really buying on the way down, or at the top of my perceived overvaluation? My "on the way down" is a lot different than yours, especially if you think $110-$120 is cheap like some people were saying.
That's true. You have to invest according to YOUR view of future probabilities and appetite for risk. If you are 100% sure this is not the bottom then you don't need to buy anything of course.
I had a buy order @ 128 that went through yesterday and completely forgot about it lol 
I'm not going to sell right now that's for sure.
I'm not going to sell right now that's for sure.
implying the crash is over
Not really. The point is you don't KNOW when the crash is over, at each point you have to consider the probability that this is the bottom right now, and buy in at that probability. That's why you buy in increments, never do all-or-nothing trades.
Buying "all the way down" works in a subjective fashion. When I consider this still an inflated price, am I really buying on the way down, or at the top of my perceived overvaluation? My "on the way down" is a lot different than yours, especially if you think $110-$120 is cheap like some people were saying.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
AFTER a crash is usually the dumbest time to sell. Instead you should be buying in small increments all the way down, adjusting along the way as you get more information.
my strategy too, though it does accumulate loses! as well as bitcoins
AFTER a crash is usually the dumbest time to sell. Instead you should be buying in small increments all the way down, adjusting along the way as you get more information.
+1AFTER a crash is usually the dumbest time to sell. Instead you should be buying in small increments all the way down, adjusting along the way as you get more information.
+1
AFTER a crash is usually the dumbest time to sell. Instead you should be buying in small increments all the way down, adjusting along the way as you get more information.
time to buy more and hold.
Know when to hold em, know when to fold em.
I agree, sell them all and buy back cheaper
Know when to hold em, know when to fold em.
I prefer holding and watching it either crumble to dust or rise again.
For those who are not aware we are ALREADY in double digits..
Jump to: