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Topic: That 'feeling' - That urgent feeling - page 2. (Read 2479 times)

member
Activity: 65
Merit: 10
April 03, 2014, 02:43:52 AM
#10
Well I'm getting the urge to buy, last chance before it explodes, but I have no money left from feeling the same and buying at 480 a couple of days ago!!!  Cheesy
member
Activity: 75
Merit: 10
April 03, 2014, 02:37:24 AM
#9
Those are usually the times you should sit on your hands and do nothing. Just IMO.

"Be greedy when others are fearful" - Warren Buffett

Im gonna preface this with the fact that Im not Buffet's biggest fan and I do disagree with him on BTC.

However:

"Stay away from bitcoin" - Warren Buffett
legendary
Activity: 2114
Merit: 1015
April 03, 2014, 12:17:57 AM
#8
We are usually at the bottom when I get the feeling that I should sell for easy profit. I currently don't have such feeling but I'm starting to think towards that direction already.
hero member
Activity: 728
Merit: 500
April 03, 2014, 12:11:09 AM
#7
Just trade with the trend and don't try to call exact bottoms or exact tops - or you will get killed eventually.
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
April 03, 2014, 12:08:03 AM
#6
If Chinese money starts leaving bitcoin, we could be heading back to pre-November 2013 levels. In a way it's good for bitcoin, not so much for speculators though.

China is old news.
People in Denmark can trade BTC and legally pay no taxes.


I never get That urgent feeling at bottoms, I always know buying is the right move.
At tops I sometimes want to buy after a small dip

I imagine the Chinese have a lot more money invested in BTC compared to the Danes.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 02, 2014, 10:45:15 PM
#5
If Chinese money starts leaving bitcoin, we could be heading back to pre-November 2013 levels. In a way it's good for bitcoin, not so much for speculators though.

China is old news.
People in Denmark can trade BTC and legally pay no taxes.


I never get That urgent feeling at bottoms, I always know buying is the right move.
At tops I sometimes want to buy after a small dip
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
April 02, 2014, 09:38:48 PM
#4
If Chinese money starts leaving bitcoin, we could be heading back to pre-November 2013 levels. In a way it's good for bitcoin, not so much for speculators though.
sr. member
Activity: 378
Merit: 250
April 02, 2014, 09:12:28 PM
#3
Me too. My brain think we are close to the bottom but I feel I would be more secure if I would sell.. in case it drops to 200s

(I usually solve the problem by selling just 1 or 2 "symbolic" BTCs)

The next step is "cancel all my buy orders" Lips sealed
hero member
Activity: 742
Merit: 500
Circle gets the Square
April 02, 2014, 09:09:27 PM
#2
Those are usually the times you should sit on your hands and do nothing. Just IMO.

"Be greedy when others are fearful" - Warren Buffett
newbie
Activity: 10
Merit: 0
April 02, 2014, 09:04:32 PM
#1
Anyone get that feeling when a market is topping in euphoria or bottoming in despair?

I got that feeling at $225 during the April bubble, at $60 when it flash crashed, at $150 again at the rebound and at the $80 during the capitulation. It's that urgent type of feeling, a vous-devez type of obligation to act. When it's a euphoric tops, it's an alarming sensation of "You MUST buy in!! NOW!" and at bottoms it's a "Last chance to sell! Do it!" kind of heart-pounding focus. In retrospect it's obvious which trade is right but I usually end up making the exact opposite trade.

I'm getting that feeling right now. Anyone else?
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