Damn that huge green candle is impressive, I have never seen anything like that. We went from $2972 to $3820 in no time. I bet people that trusted Goldman Sachs (which claimed it would go to $2200) and had shorts opened for as low as that price are now pretty much broke. How could you doubt bitcoin? it always comes back.
The sell off that followed was tiny compared to the green handle we had. We are not going below $3000 again, possibly ever.
Topic: The dust has settled...how did you fare? - page 2. (Read 1112 times)
Jesus, man. What a time to literally just enter the market.
After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC. I watched as it dipped, and dipped. I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.
...then I watched it rise to $3,700 in mere minutes.
First rookie mistake, I suppose.
I live in China, and will see how this day plays out. Hoping for a dip around $3,200 today as China does its thing. Knowing enough about this whole deal, I know I shouldn't wait too much longer.
What I saw last night blew my mind. So much panic. So much misinformation. So many "IT CAN'T DO THIS. IMPOSSIBLE." followed by it doing exactly that thing.
Hell of a ride last night.
Cheers to you all.
That's one the common mistakes a newbie does in the world of rypto trading. After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC. I watched as it dipped, and dipped. I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.
...then I watched it rise to $3,700 in mere minutes.
First rookie mistake, I suppose.
I live in China, and will see how this day plays out. Hoping for a dip around $3,200 today as China does its thing. Knowing enough about this whole deal, I know I shouldn't wait too much longer.
What I saw last night blew my mind. So much panic. So much misinformation. So many "IT CAN'T DO THIS. IMPOSSIBLE." followed by it doing exactly that thing.
Hell of a ride last night.
Cheers to you all.
Most bitcoin owners sold their bitcoins by the time the bitcoin price was dropping until it reached $2,980. What they don't know is that, after they sold theirs, the buyers have the last laugh as bitcoin immediately rose up. Now, it's back to $3,800. My tip to newbies: ask for some suggestions from experts on what to do when this kind of movement in btc (and other altcoins) price happens.
Jesus, man. What a time to literally just enter the market.
After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC. I watched as it dipped, and dipped. I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.
...then I watched it rise to $3,700 in mere minutes.
First rookie mistake, I suppose.
I live in China, and will see how this day plays out. Hoping for a dip around $3,200 today as China does its thing. Knowing enough about this whole deal, I know I shouldn't wait too much longer.
What I saw last night blew my mind. So much panic. So much misinformation. So many "IT CAN'T DO THIS. IMPOSSIBLE." followed by it doing exactly that thing.
Hell of a ride last night.
Cheers to you all.
After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC. I watched as it dipped, and dipped. I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.
...then I watched it rise to $3,700 in mere minutes.
First rookie mistake, I suppose.
I live in China, and will see how this day plays out. Hoping for a dip around $3,200 today as China does its thing. Knowing enough about this whole deal, I know I shouldn't wait too much longer.
What I saw last night blew my mind. So much panic. So much misinformation. So many "IT CAN'T DO THIS. IMPOSSIBLE." followed by it doing exactly that thing.
Hell of a ride last night.
Cheers to you all.
we are too afraid to buy bitcoin because we don't know what is going on and i think its speculation for us if we want to buy now. we are too often missed the time to buy or sell and we regret it for the other minutes. the most important lesson for traders is don't be panic no matter what is happen and stay calm while we need to find the other good news.
since you live in china, i wonder is it true that your government wants to banning bitcoin? because in out there, too many bad news that makes people panic and bitcoin price is fallen too deep like yesterday. but i don't think that bitcoin will be banning like many news said because bitcoin is too expensive right now and nobody won't missed the opportunity.
After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC. I watched as it dipped, and dipped. I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.
you should never do that because it is always going to be impossible to catch the bottom. that is how market will always work. the absolute bottom of the dip lasts only a second. you can see the charts for other examples too.
the $3600 on 22/8
the $1830 on 16/7
the $2120 on 16/6
the $1850 on 27/5
the $891 on 25/3
are the examples of the bottom of the dips of this year and none of them lasted more than an hour.
to catch them you need to place buy orders ahead of time.
sadly this time i did not have that much money to do it but i placed some orders below $3K with what i already had and bought some with it.
It is hard to be 100% that "dust has settled". After the first news from chinathere was almost no reaction on bitcoin market and only after some time we had this dump. It is still possible that something can still happen.
There may be a steady increase on the general price of bitcoins today but we need to consider the ban of China onto trading bitcoin platforms by September 30, 2017. Nonetheless, people who bought bitcoins when it reached $2960 profited from their investment from now. Like you said, it is best to wait and observe the prices in the market since the ban's impact may only be felt after ~1-3 months from now.
Some article said that the price of bitcoin would play around 3000 for a while and it turns out to be true. Well i dont sell and dont have the money to buy even if i want so it doesnt affect me much.
I don't have money to buy more also. I know that this storm in bitcoin shall pass and sooner or later it will go back up again reaching new all time high again. When I see some people ranting about bitcoin in social media saying that they will never invest in bitcoin again with all the profanities, I know that we are almost at the bottom because that's how the market cycle goes.
Many studied the bitcoin price and it follows the Elliot Wave Principle, we are in wave 4 now going down and then going to wave 5, we will reach all time high again. All this news I believe are just manipulation of the market so that some more people can buy bitcoin lower to have higher gains in the future. I did not sell a single satoshi when it go down because I believe that bitcoin will rise up again.
At this time I'm really disappointed. I'm waiting transfer of money and it delayed about 3 days. So I lost this super opportunity to buy bitcoin and altcoins.
This China I think now happy and rubbing hands after bought low bitcoin or bitcoin cash.
This China I think now happy and rubbing hands after bought low bitcoin or bitcoin cash.
Yeah well I feel like a real old timer. I'm not worried about the dips because I got in early enough that if we dropped 80% I would still be happy with what I have. It's not always about the fiat value. Sometimes it's just the fact that bitcoins are worth so much more than this and any buys now will seem so small in the future.
Yeah well, there'll be plenty more buying opportunities. I don't think what you did is exactly a rookie mistake, either. No one knows where the bottom of any market is, nor the best time to buy. Hindsight is always crystal clear.
Me, I did just fine because I don't own a lot of bitcoin and wasn't in need of money, so I didn't sell any. If I was deep into the market I'd probably have been sweating bullets. A drop of $1000 over the course of 36 hours or whatever it was could have necessitated a barf-bag. The only regret I currently have is being piss poor. I'd really like to buy some bitcoin right now, because I think we're still in the midst of a raging bull market and it's a decent time to buy. But I'm definitely grateful I'm not one of the sheep who got slaughtered.
Me, I did just fine because I don't own a lot of bitcoin and wasn't in need of money, so I didn't sell any. If I was deep into the market I'd probably have been sweating bullets. A drop of $1000 over the course of 36 hours or whatever it was could have necessitated a barf-bag. The only regret I currently have is being piss poor. I'd really like to buy some bitcoin right now, because I think we're still in the midst of a raging bull market and it's a decent time to buy. But I'm definitely grateful I'm not one of the sheep who got slaughtered.
Some article said that the price of bitcoin would play around 3000 for a while and it turns out to be true. Well i dont sell and dont have the money to buy even if i want so it doesnt affect me much.
the expected dip is around 2500-2300 USD basing on the previous 2-month performance and that is the right time to buy back, i am still waitnig it until next week for that dip, but suddenly it bounce back to 3500-3700 and it never given me a chance to gain good position, although bullish was recovered then a healthy market resumed so as the other crypto. So just HODL until it reach 5K ATH.
Yes I agree with you. Saying that dust has settled might be a little soon right now, for all we know this could just be a bullish trend which will come tumbling down soon. But if Btc really did recover from $3000 to $3700 in such a short time then that's a tremendous progress for bitcoin. In either case I am going to HODL till 5k and even after that. 
It is hard to be 100% that "dust has settled". After the first news from chinathere was almost no reaction on bitcoin market and only after some time we had this dump. It is still possible that something can still happen.
Jesus, man. What a time to literally just enter the market.
After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC. I watched as it dipped, and dipped. I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.
...then I watched it rise to $3,700 in mere minutes.
First rookie mistake, I suppose.
I live in China, and will see how this day plays out. Hoping for a dip around $3,200 today as China does its thing. Knowing enough about this whole deal, I know I shouldn't wait too much longer.
What I saw last night blew my mind. So much panic. So much misinformation. So many "IT CAN'T DO THIS. IMPOSSIBLE." followed by it doing exactly that thing.
Hell of a ride last night.
Cheers to you all.
After setting up my platforms and dipping my toes in the water with a few small buys, I sat the last 48 hours, with my finger on the buy button for 1/3 of a BTC. I watched as it dipped, and dipped. I was a half a second away from clicking "buy" as prices dipped to $2,950, and I didn't do it.
...then I watched it rise to $3,700 in mere minutes.
First rookie mistake, I suppose.
I live in China, and will see how this day plays out. Hoping for a dip around $3,200 today as China does its thing. Knowing enough about this whole deal, I know I shouldn't wait too much longer.
What I saw last night blew my mind. So much panic. So much misinformation. So many "IT CAN'T DO THIS. IMPOSSIBLE." followed by it doing exactly that thing.
Hell of a ride last night.
Cheers to you all.
You missed a glorious chance, and I can understand why you did that, I had been telling people, buy in every dip, and do not sell your coins, I am very glad I was able to buy at dips and I held on to your coins, see Bitcoin is very volatile, you get the chance come in or exit, but then again what's the right time to enter and exit is really difficult to say, so has to be very prompt in making a decision and not just sit back and take a chance, you will learn over a time.
the expected dip is around 2500-2300 USD basing on the previous 2-month performance and that is the right time to buy back, i am still waitnig it until next week for that dip, but suddenly it bounce back to 3500-3700 and it never given me a chance to gain good position, although bullish was recovered then a healthy market resumed so as the other crypto. So just HODL until it reach 5K ATH.
It would've been nice to purchase around the $2,000 area.
My thought was it may dip even further. As prices hovered around $3,000 and pinged between $3,200, I should've pulled the trigger, but a mere hour and it skyrocketed.
First mistake in the game. Should've stuck to my decision at $3,000.
Tempted to buy in at these prices anyway.
My brain!
Some of the same here. I literally woke up to 200 ETH/3000 BTC, but I wasnt sure if that was indeed the bottom, so I held my nuts on the trade. Huge mistake. I could have gotten an easy 20% in the next few hours, and taken additional profit on the dips. but thats half the problem of this space. the volatility of this makes for great profits if you can ride the waves successfully. but this isnt something you can build a stable budget on, its purely a speculative asset at these prices.
the dust is not completely settled but it was surely a very interesting period of time!
the FUD was even completely irrelevant to bitcoin and yet they dumped bitcoin price using it. and like always the number of "throwaway newbie accounts" went through the roof (it was the ATH of that
).
but the most interesting thing that I have found out this week was the fact that JP Morgan and other major banks in US have heavily invested in bitcoin. and possibly many other big players known in the economical world have done the same.
the FUD was even completely irrelevant to bitcoin and yet they dumped bitcoin price using it. and like always the number of "throwaway newbie accounts" went through the roof (it was the ATH of that
).but the most interesting thing that I have found out this week was the fact that JP Morgan and other major banks in US have heavily invested in bitcoin. and possibly many other big players known in the economical world have done the same.
It would've been nice to purchase around the $2,000 area.
My thought was it may dip even further. As prices hovered around $3,000 and pinged between $3,200, I should've pulled the trigger, but a mere hour and it skyrocketed.
First mistake in the game. Should've stuck to my decision at $3,000.
Tempted to buy in at these prices anyway.
My brain!
Welcome to trading. How you describe your emotional reactions is exactly what it's like to be a trader trying to keep his emotions in check. It's a constant battle keeping emotions out of your trades, and sticking to your plan. It's a necessary discipline that you develop over time (or otherwise, you find another way to lose your money).
The other thing about being a trader: Our positions are always too big on the losers and too small on the winners. That's just how life goes. The key is to find a system that is profitable.
Good! I held my coins and was waitong for an upswing.. didnt think it was going back so soon tbh. byt BTC is back, once more
It would've been nice to purchase around the $2,000 area.
My thought was it may dip even further. As prices hovered around $3,000 and pinged between $3,200, I should've pulled the trigger, but a mere hour and it skyrocketed.
First mistake in the game. Should've stuck to my decision at $3,000.
Tempted to buy in at these prices anyway.
My brain!
It would've been nice to purchase around the $2,000 area.
Jump to: