Topic: The thoughts of a bubble buyer - page 4. (Read 4965 times)

Duuuude take me with you back to the $1 days

Something similar happens to me right now, with the one exception that I decided not to buy in last time, which turned out to be a good decision.  
But nontheless, I kept an eye on the market and the forum after the last bubble collapsed. Unfortunately I was too much a coward to not buy in at 70, and instead bought at 105.

Whereas I just looked at the Bitcoin price and the market situation itself the first few days, I soon began to have a closer look at the whole BTC-economy. I search the web for goods and services I could take use of all the time, and think of things I could sell for bitcoins.
The point is: Im not really interested in converting into fiat anymore. Instead I'm much more intrested in backing the Bitcoins value by helping build up a living economy. Even if this turned out to be not quite easy at the moment

Maybe more and more people start to take over this ideology, and the utopian vision of a vital and truly free "Bitconomy" could become as real as possibly thinkable.

Just for the record: Of course I will sell when I get the impression theres a big price drop soon to come. But just for re-investing everything in Bitcoin.  

(with-sarcasm
|This is really smart, but there must be a bug in the bitcointalk software, for the post is dated August, 2013 not April, 2013. May be it should be rewitten in common lisp. It also does not explain why you currently have no coins.|)

another thing to consider is not panic selling everything if it gets to a record high. i made this mistake when it hit $34 the second time thinking it couldnt get much higher, but it kept going to 266.  i can imagine many see 266 as another psychological selling point, but i will hold to see where the price goes this time.

If you want to trade, fair enough but if you want to invest because you believe in something it is silly to behave like a trader. 

You can forget about the ups and downs and wait to see if you are right or wrong.  If OP is right he/she is still in before the vast majority of people.  If he is wrong so are most of us on here.

I am sorry for the OP, but he acted stupidly. Selling at 150 would have allowed him to buy back at 100, then sell at 130
and buy back at 70, resulting in a doubling of his coins. OP, if you aren't willing to take a small loss in order to avoid a greater
loss and create the premises for a future win, you'll just have to wait until BTC grows enough to make a profit.

oh i love self fulfilling prophecies.

Nice post OP

thats definitely bullish.

i myself see why btc is great, and believe myself it has a good future (if gov't doesn't screw it up somehow)... so i tend to hold some coins even while trading. you never know when the day comes, 2-3 coins could be worth a fortune if lucky (or pennies if not!)

People might be wondering if there will be a massive sell off when the price of bitcoin approaches the bubble values of this spring. Here's what I think:

I happen to be one of the unfortunate, who bought into bitcoin during the spring bubble.

This was after watching the price almost double during one week, and trying to quickly study bitcoin and understand how everything works. Finally I decided that I can't wait any longer. I just had to get some coins or face the possibility of life long regret. The day I put in my buy order, was actually the highest peak day! Then the crash happened. Luckily the order took half a day to execute and I got my bitcoins for "only" 180 dollars/coin.

My thoughts were pretty much "God damn it, I knew it was too good to be true! I will never ever try something like this again. I should have known better."

Despite my negative feelings, I kept checking out bitcoin every once in while, considering if I should maybe accept the loss in order to avoid even bigger losses in the future.

When the price climbed all the way up to 150 I was thinking "wohoo, soon I can end this nightmare without making a loss!". Then it fell again.

Fast forward to this day. During the last months bitcoin has intrigued me more and more. I have kept a close eye on the BTC course. I keep reading these forums daily. I talk to people about bitcoin. Bitcoin has started to represent hope for me.

And something has changed. I'm not looking forward to sell my bitcoins in order to just break even anymore. After all the trouble and heartache I've been through with bitcoins, I simply won't settle anymore for any small profit. If I get double the price I paid originally, I might consider selling. But if that would be the case, it would be so bullish that I'm not sure if I could let them go. So it's actually quite hard to see myself selling my bitcoins now.

My point is simply this: I bought into the bubble, was looking for an exit for months, but wouldn't take the exit anymore without significant gains.

There might be many bubble buyers who are having a similar kind of change of heart. And this new feeling is quite bullish I have to say.