Sell low/ buy high is a common mistake. Wait, we will see a pullback one way or the other.
Unless you just buy and spend immediatelly, but without SR not best idea
op was right to buy back some (50% ?).
what are you doing with the other half?
Topic: sold at $600. what to do? - page 2. (Read 7456 times)
Unless you just buy and spend immediatelly, but without SR not best idea
op was right to buy back some (50% ?).
what are you doing with the other half?
I keep 50/50 fiat/btc in an exchange. I keep two bid/ask orders 11% below/above the current price. During big swings in either direction I manually change that difference to 20% or more.
What happens if big dump happens, you auto buy BTC with all fiat? It might be problem to sell the BTC for higher price than you bought, no?
I did the exact opposite of you 
. I Bought at 600$
Duh.
. I Bought at 600$ Duh.
I keep 50/50 fiat/btc in an exchange. I keep two bid/ask orders 11% below/above the current price. During big swings in either direction I manually change that difference to 20% or more.
I use a similar strategy, and it's helped keep the emotions out. I keep 20% in fiat, 80% BTC. This automatically sells whats high and buys what's low.
Thanks for the advice everyone.
I bought some back today. If the price goes up, great. If it drops, I'll buy back the rest.
Am I an idiot? Yes.
I bought some back today. If the price goes up, great. If it drops, I'll buy back the rest.
Am I an idiot? Yes.
Not an idiot at all. We all succumb to temptation. It's only worse when you monitor it every second of your life.
I have converted 1/3 of my coins into casascius coins I believe are worth having. It's a great way to limit yourself from completely cashing out. It's worked for me. I forgot about these coins as they just sit in a dark safe, and yet despite all the ups and downs, these coins have been continuously on the ride to the top. Sometimes I pepper the coins all over desk, around the iMac as I work. Makes me feel good looking at all that shine and ever-growing value.
I bought a bunch back at $770 the other day and do not regret it one bit as it's almost $870 today. I use coinbase pricing.
If you look back a few days you see there was ALMOST a chain reaction as it was nose diving, but it bounced back around $400 (the lowest), so if all goes to hell, the most I could lose is half of my investment. I don't believe it will just vanish unless someone hacks me or robs me of my physical coins. And now it seems to have stabilized after that chaotic day. I feel pretty confident and I listed my reasons in this topic in a previous post.
Anyway enough of my rant. Best of luck to you and I hope you join us on the road to $1K and beyond!
I sold at ¥3000 on BTC China. I'm just now buying back in at ¥5400. I've been praying for the price to dip for the last few days, but things are relatively stable compared to Monday. A crash is a few days off at least in my eyes.
It's gonna take a little balls but I think we will see a significant correction at some point...
I keep 50/50 fiat/btc in an exchange. I keep two bid/ask orders 11% below/above the current price. During big swings in either direction I manually change that difference to 20% or more.
Thanks for the advice everyone.
I bought some back today. If the price goes up, great. If it drops, I'll buy back the rest.
Am I an idiot? Yes.
I bought some back today. If the price goes up, great. If it drops, I'll buy back the rest.
Am I an idiot? Yes.
Sounds Great!
Thanks for the advice everyone.
I bought some back today. If the price goes up, great. If it drops, I'll buy back the rest.
Am I an idiot? Yes.
I bought some back today. If the price goes up, great. If it drops, I'll buy back the rest.
Am I an idiot? Yes.
One of Bitcoin's greatest properties is it forces people to both learn about and question the current monetary system before one can fully buy into the concept. IMHO most people who bash Bitcoin (ignorantly) in the comment sections of MSM articles clearly are those who so far refuse to learn about the system and just take the common misconceptions as fact. Bitcoin will slowly but surely awaken many.
I couldn't agree more. These crypto solutions require users to take more responsibility over their money and in order to do that, people will need to be educated on a multitude of levels. We can't expect people to get it by osmosis. There is a long, exciting road ahead for crypto currencies and I'm just glad to be a part of it. I look forward to seeing the change that this is going to bring to the lives of so many people. Monetary freedom. Who would have thought such could even be possible?
i wonder if he bought back before it hit 800
I LOLed, and felt so bad
Seems every hour you dont buy is missed oppurtunity forever 
OP, did you buy back in yet and cut your loses? Remember the best professional traders on WS cut losses and change position very very quickly...
One of Bitcoin's greatest properties is it forces people to both learn about and question the current monetary system before one can fully buy into the concept. IMHO most people who bash Bitcoin (ignorantly) in the comment sections of MSM articles clearly are those who so far refuse to learn about the system and just take the common misconceptions as fact. Bitcoin will slowly but surely awaken many.
Truth is, I didn't really know enough at that time to grasp it all. I had no idea about our monetary system, I had no idea why decentralized even mattered so, it really became a battle against ideology and not the tech. As I've learned Ripple, I've learned more about the whole crypto-space. I've learned tons about our failing global monetary system, what the bills in my wallet really are and the list goes on. From that I realize that this is all really important. Whether it will be Bitcoin or something like it, the truth is we have to do something.
One of Bitcoin's greatest properties is it forces people to both learn about and question the current monetary system before one can fully buy into the concept. IMHO most people who bash Bitcoin (ignorantly) in the comment sections of MSM articles clearly are those who so far refuse to learn about the system and just take the common misconceptions as fact. Bitcoin will slowly but surely awaken many.
Like I said hours ago when it was around 760$ !!!!!!!!!!!!!!!!!!!!BUY NOW!!!!!!!!!!!!!!!!!!!! If you didn't you're in a losing trade and you don't even know it. Your short in a long play! Better at least get one, because soon will only be able to buy a fraction of one! People reading charts be only looking at one time frame, You need to use at least at 3, Trend-Decision-Action If you are only staring at the 2 hour chart of course you were bearish as hell two days ago. If you're going to trade at least learn how too! Just because you hit the lotto on buying at once doesn't make you a trader.
i wonder if he bought back before it hit 800
I don't understand why people sell and then are bears. Can't you just be bear without selling? Without hoping it will go down? And just expecting to go down?
Yup, if you have no coins and dont plan to buy you expecting it to go down and dont care if price goes up or down
at this point, my mind is being blown on a daily basis.. i am current with the news, but i still think "wtf is going on.. this is hysteria."
That's not a bit, that's a lot!
Google trend is going down a bit:
http://www.google.com/trends/explore?q=bitcoin#q=buy%20bitcoin&date=today%203-m&cmpt=date
http://www.google.com/trends/explore?q=bitcoin#q=buy%20bitcoin&date=today%203-m&cmpt=date
Wonder if there's a Baidu.com trends
i wonder if he bought back before it hit 800
I don't understand why people sell and then are bears. Can't you just be bear without selling? Without hoping it will go down? And just expecting to go down?
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