Topic: sold at $600. what to do? - page 3. (Read 7453 times)

i wonder if he bought back before it hit 800

That would pretty much negate "never going to touch", as any sudden down turn then becomes, "the time" to dump. 

OK, fucking buy, dude!

If you're never going to touch the coins on Gox, why are you storing them on Gox?  Why not move them to cold storage?  

+1

Detaching emotionally from your money is the single best thing you can do for your investment intelligence, and also for your happiness in life. Like you, everything I put on BTC is play money. It's fun to profit and also to be part of the early BTC history, but the money isn't really that important.

Given the bitcoin attention last days, I dont believe buying can go wrong.

But not till it shows strength-- there's 3k coins till 800, fyi (and if it runs, that's probably worth 20 minutes.)

Well, I bought 17,5 btc´s 1 hour ago at 766$ (even though I posted that I wont buy coins at this price ^^) and am already 100$ richer

I have 50% of Coins (17.5) on Gox wich I will never touch and then I now have these 17.5 Coins on Bitstamp for playing around with.

Careful, it's wicked close man!

I'm queueing up to BUY! I won't get left out (again *sniff*).

About to pull trigger.

Invest 30% NOW.  

If it gains, you'll get to ride it with at least a little coin, and you can rebalance as desired on the way up.  

If it falls, invest 10% more every 10% drop till you reach your target allocation %.  

Once at your target %, trade using your desired strategy, hopefully incorporating the "never sell all" lesson you've learned.  

For me, that means never go below 70%, buy with a % of your remaining cash when it drops a certain %, sell on the rebound to break even at a lower price, and rebalance on the way up for ATHs.  This makes volatility a great thing instead of something to be feared, and you still get your long-term benefits if it's just up up up.

I agree. It's important to build on top of that in order to simplify the use and reach a larger audience.

Great, but supply and demand are FUNDAMENTAL DATA, not composite. And, I tend to agree with you the fundamentals are extraordinary. (But that has nothing to do with the OPs question)

Hey windjc,

I like your posts, usually, but I'm trying to look at the data. So:
1) How do you figure the news storm is increasing? We were the #3 Google Hot Trend a couple of days ago, nothing greater since.
2) OK...
3) RSI is a trend indicator that shows both strength and weakness, depending on the window-- if it wasn't clear I'm looking at the 1 Day.
4) I'd like to have better data for volume-- definitely. I'm just looking at Gox for ARMS and then the total volume across as a number (useless?)
5) Deposits and news do not bear on volatility-- be careful to not take multiple signals from data sources you've factored.

HOWEVER: I sure hope you are right and we bust through to 790-800... because, THEN, we totally agree...  

EDIT: The opportunity cost from buying in at 775 vs 800 is too great compared to the risk it slides downwards. The gains above 800, if we break through, will be worth the difference between 775 and 800. So, I stand by my 'wait and watch (carefully).'

2nd EDIT: Look at it this way, if it dives back to 350, the guy doubles his count. He should then cold store his coins, based on the fact that they will be worth 10-300K in several years. If not, and it goes up, he has a reminder to get in, in which case he should cold store his coins and multiply his count x 10-300K USD. You must think long term with this monster. (And, now, I'm talking to me.)

Nope, it took me 2 months before I put money in. The demand peak might be 2 weeks from now probably

I suspect now is the time when Bitcoin will start to be driven by companies building on top of bitcoin. But remember, there is a great deal of world out there we need to bring the gospel of bitcoin to. Not just the states.

he means you should buy because till now every time the price of bitcoin went down it went up again later so this means it will go up in the future, brilliant eh?

but he's right there's still sheeple to convince in the world that we can make money off

Pulled my trading play money out at 764.  Things seem calm and the dad cat seems to have bounced off the ground once...we'll see what happens...

Sorry I didn't understand your comment. The graph is relative to the search term "buy bitcoin".

are there still poeple that don't know a tiny percentage of the poeple on the internet are bitcoiners?

really?

Google trend is going down a bit:
http://www.google.com/trends/explore?q=bitcoin#q=buy%20bitcoin&date=today%203-m&cmpt=date