The philosophy of buying when others panic sell... - page 3.

T.Stuart

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Quote from: TERA on January 07, 2014, 05:35:33 PM

The problem with this is you don't know how low its going to go. I've been thinking "panic sale" ever since $1015.

I think this one is closing now and we will look back at it as a subdued sell-off compared with previous ones.

We react less and less to medium-strength Chinese news now.

We are getting PLENTY of positives in the US etc.

The biggest fear - a global ban - that was an unknown a year ago is now banished for good. This WILL play into market psychology (EDIT: significantly with very noticeable results on bubbles etc. [for the quote he he! Cheesy

] ) from now on. You can quote me on that later as much as you like!

TERA

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The problem with this is you don't know how low its going to go. I've been thinking "panic sale" ever since $1015.

T.Stuart

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Merit: 500

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Quote from: Dafar on January 07, 2014, 05:31:05 PM

Too bad I have no fiat to spare

I bought more LTC and NMC an hour ago and it went down even further and still going.... and I just realized that China has yet to wake up today and the prices will probably continue to sink more. Terrible decision on my part. Fuck

So much for $2000/btc in January... China keeps making us crash

Listen man. This might sound a bit silly saying this as if it's personal advice but try to give up worrying about China! It's a red herring when it comes to Bitcoin - at this stage it is not a fundamental technical or business-related problem for Bitcoin; it is purely a psychological one!

Dafar

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dafar consulting

Too bad I have no fiat to spare

I bought more LTC and NMC an hour ago and it went down even further and still going.... and I just realized that China has yet to wake up today and the prices will probably continue to sink more. Terrible decision on my part. Fuck

So much for $2000/btc in January... China keeps making us crash

T.Stuart

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Activity: 644

Merit: 500

One Token to Move Anything Anywhere

This is the moment all buyers wait for.

Advice to those fearful. Just Hodl! Wink

(That means hold on to your Bitcoin and don't worry for any of you new folk who might be wondering).

The fear transfers to the buyers... who today, with Bitcoin going mainstream this year, more than ever WILL get in once the selling calms down.

This is the eternal law of the Bitcoin market!

Good luck to you all!

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