Topic: This is where money is made - page 2. (Read 3182 times)
Just placed a buy order for 1000 btc at $100. Come on panic sellers, let's make this happen!
Didn't you start calling for a crash at 17?
Nope.
I said a second bubble was forming at @ $17 (and was right). I also said the subsequent crash would take us to singles, which was wrong, and I acknowledged that in my "bear market" thread at the beginning of the third bubble. I also said I expected this one to reach at least 400-500 (which turned out to be true).
So whats your point?
It really peaked out at $1200. Twin peaks. And the giddy rush in about China. I think that pretty much sucked the greater fools for the time being. Probably headed below $500 and take a while to rebuild the moment again. My 2 cents.
Didn't you start calling for a crash at 17?
Good for you but your limiting your buyers by a lot that way since the chinese can't buy anything with bitcoins.
They prefer to flood the world with worthless, cheap, fake crap and buy bitcoins. and hopefully your accumulasted fiat wont one day become toilet paper.
Indeed, which is exactly why I've been investing in physical items/assets with my bitcoin/altcoin trading gains. Not paper fiat. Hopefully I'll be able to use my purchases to start a new business within the next few months. We shall see. One things for sure, if I do, I'll be accepting BTC/LTC/PPC.
Good for you but your limiting your buyers by a lot that way since the chinese can't buy anything with bitcoins.
and hopefully your accumulasted fiat wont one day become toilet paper.
Pretty sure BTC runs the same risk.
That said, I accumulate both through trading. Whether I am in USD or BTC depends on the current state of the market, and can vary from hour to hour.
What tight strategy do you mean? To bet where the crash will land? Because with the price all over the place you can't have any strategy whatsoever.
You certainly can have a strategy. No, you don't try to catch the bottom or top; you trade within an established trading range for whatever time period you are working with, figuring out an entry point, exit point, and a bailout point if the trade starts to go belly up.
and hopefully your accumulasted fiat wont one day become toilet paper.
Indeed, which is exactly why I've been investing in physical items/assets with my bitcoin/altcoin trading gains. Not paper fiat. Hopefully I'll be able to use my purchases to start a new business within the next few months. We shall see. One things for sure, if I do, I'll be accepting BTC/LTC/PPC.
What tight strategy do you mean? To bet where the crash will land? Because with the price all over the place you can't have any strategy whatsoever.
and hopefully your accumulasted fiat wont one day become toilet paper.
And hope your exchange doesn't lag.
Don't leave this thing to hope
And hope you are exchange doesn't lag.
Relax.
There's a lot of excitement going on right now.
Amen!
And hope you are exchange doesn't lag.
You shouldnt be making market orders anyways...set limit orders at your entrance and exit points and the lag wont matter.
And hope your exchange doesn't lag.
Make sure your trading strategy is tight; go in with a plan and don't trade on emotion.
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