This week I bought >300 BTC (+700 before > 1000 total) - page 3.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: botany on October 05, 2014, 08:23:28 AM

Quote from: NotLambchop on October 05, 2014, 08:22:05 AM

Quote from: ask on October 04, 2014, 04:37:42 PM

Quote from: ravenjt on October 04, 2014, 04:35:05 PM

The fear in your text isclear, Ask. Youve lost a lot of money, and you feel you must throw more good money after bad.
your losses are starting to look painful

Of course. Please sell. And don't forget that I still have worthless bitcoins

Not quite worthless.
Just worth ~$40 less than same time yesterday.
And ~$150 less than when you started this thread.

And worth a lot more than what it was 2 years ago.

What does two year ago have to do with this thread?

spiderbrain

legendary

Activity: 889

Merit: 1013

Quote from: ask on October 04, 2014, 04:28:40 PM

Anyone who is selling now is complete IDIOT.

+1 (or very good at picking a bottom)

botany

legendary

Activity: 1582

Merit: 1064

Quote from: NotLambchop on October 05, 2014, 08:22:05 AM

Quote from: ask on October 04, 2014, 04:37:42 PM

Quote from: ravenjt on October 04, 2014, 04:35:05 PM

The fear in your text isclear, Ask. Youve lost a lot of money, and you feel you must throw more good money after bad.
your losses are starting to look painful

Of course. Please sell. And don't forget that I still have worthless bitcoins

Not quite worthless.
Just worth ~$40 less than same time yesterday.
And ~$150 less than when you started this thread.

And worth a lot more than what it was 2 years ago.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: ask on October 04, 2014, 04:37:42 PM

Quote from: ravenjt on October 04, 2014, 04:35:05 PM

The fear in your text isclear, Ask. Youve lost a lot of money, and you feel you must throw more good money after bad.
your losses are starting to look painful

Of course. Please sell. And don't forget that I still have worthless bitcoins

Not quite worthless.
Just worth ~$40 less than same time yesterday.
And ~$150 less than when you started this thread.

Richard Branson

hero member

Activity: 515

Merit: 506

Screw It, Let's Do It

He doesn't talk about BTC, he is talking about microBTC (not mini).

arbitrage001

legendary

Activity: 1067

Merit: 1000

Quote from: ask on October 04, 2014, 04:28:40 PM

These absurd low prices makes made me nervous. If will buy more on Sunday, aditional 100 BTC between 300-350 $.

Anyone who is selling now is complete IDIOT.

I seriously doubt anyone who doesn't understand market have access to that much capital.

This new patch of buying mean you will have a total of 700 btc?

What is your exit plan?

sbrzol

hero member

Activity: 569

Merit: 500

Quote from: ask on October 04, 2014, 04:28:40 PM

These absurd low prices makes made me nervous. If will buy more on Sunday, aditional 100 BTC between 300-350 $.

Anyone who is selling now is complete IDIOT.

there is nothing to show this is the bottom, so why should i buy ?

there is no blood on streets yet

so i am "complete IDIOT" , i sold 400 at $350 (coins from early 2013 )

i am a believer so buying (back) at $350 or $450 (or $200) is the same for me ( i will buy back later)

but now i feel much better, earlier it was so frustrating that despite of the good news the price is keep going down, but now perhaps i can accumulate more coins

until you and others call me and other sellers idiot and weak hands nothing will change and the price will go down

ask

legendary

Activity: 1386

Merit: 1004

Quote from: ravenjt on October 04, 2014, 04:35:05 PM

The fear in your text isclear, Ask. Youve lost a lot of money, and you feel you must throw more good money after bad.
your losses are starting to look painful

Of course. Please sell. And don't forget that I still have worthless bitcoins

ravenjt

full member

Activity: 215

Merit: 100

The fear in your text isclear, Ask. Youve lost a lot of money, and you feel you must throw more good money after bad.
your losses are starting to look painful

ask

legendary

Activity: 1386

Merit: 1004

These absurd low prices makes made me nervous. If will buy more on Sunday, aditional 100 BTC between 300-350 $.

Anyone who is selling now is complete IDIOT.

biggus dickus

sr. member

Activity: 310

Merit: 250

Quote from: arbitrage001 on October 03, 2014, 04:02:08 PM

Quote from: log2exp on October 03, 2014, 03:47:56 PM

Quote from: arbitrage001 on October 03, 2014, 03:37:23 PM

Quote from: log2exp on October 03, 2014, 03:17:21 PM

Quote from: ravenjt on October 03, 2014, 09:59:58 AM

Quote from: log2exp on October 03, 2014, 09:56:21 AM

Still waiting on the fiat transfer to exchange. Dollar cost average is working nicely.

How much money have you lost so far this year, compared to a strategy of selling up on Jan 1 and sticking the money in a savings account?

I didn't do dollar cost average last year, because it was mainly going up trend. Majority of this year is down trend, especially past few weeks, dollar cost average makes more sense. I started buying from lower 600s all the way to now. Total only few coins as that's what I can afford to lose.

Dollar cost averaging is an inferior trading strategy. You only need to be wrong one time on one particular asset type to be broke without proper risk controlled.

If the down trend don't stop, expect to see btc trading at below $200 in a month or two when panic selling and margin call get hit.

I agree that dollar cost averaging is inferior, however, it's very time consuming to watch the market. I'd like to know if there is a better strategy to gain coins in this long term down trend (not spend too much time). TIA!

Try the reverse. It is called trend trading and set up proper parameter to close your position (long or short) when the price reverse up to certain percentage (depend on your risk).

You only need to be right one time with this method to make a butt load of money.

Could you post some links where we can learn more about trend trading please?

toinew

member

Activity: 61

Merit: 10

Quote from: ask on September 17, 2014, 12:34:09 PM

Thank you weak hands!

you are well welcomed

arbitrage001

legendary

Activity: 1067

Merit: 1000

Quote from: log2exp on October 03, 2014, 03:47:56 PM

Quote from: arbitrage001 on October 03, 2014, 03:37:23 PM

Quote from: log2exp on October 03, 2014, 03:17:21 PM

Quote from: ravenjt on October 03, 2014, 09:59:58 AM

Quote from: log2exp on October 03, 2014, 09:56:21 AM

Still waiting on the fiat transfer to exchange. Dollar cost average is working nicely.

How much money have you lost so far this year, compared to a strategy of selling up on Jan 1 and sticking the money in a savings account?

I didn't do dollar cost average last year, because it was mainly going up trend. Majority of this year is down trend, especially past few weeks, dollar cost average makes more sense. I started buying from lower 600s all the way to now. Total only few coins as that's what I can afford to lose.

Dollar cost averaging is an inferior trading strategy. You only need to be wrong one time on one particular asset type to be broke without proper risk controlled.

If the down trend don't stop, expect to see btc trading at below $200 in a month or two when panic selling and margin call get hit.

I agree that dollar cost averaging is inferior, however, it's very time consuming to watch the market. I'd like to know if there is a better strategy to gain coins in this long term down trend (not spend too much time). TIA!

Try the reverse. It is called trend trading and set up proper parameter to close your position (long or short) when the price reverse up to certain percentage (depend on your risk).

You only need to be right one time with this method to make a butt load of money.

log2exp

full member

Activity: 180

Merit: 117

Quote from: arbitrage001 on October 03, 2014, 03:37:23 PM

Quote from: log2exp on October 03, 2014, 03:17:21 PM

Quote from: ravenjt on October 03, 2014, 09:59:58 AM

Quote from: log2exp on October 03, 2014, 09:56:21 AM

Still waiting on the fiat transfer to exchange. Dollar cost average is working nicely.

How much money have you lost so far this year, compared to a strategy of selling up on Jan 1 and sticking the money in a savings account?

I didn't do dollar cost average last year, because it was mainly going up trend. Majority of this year is down trend, especially past few weeks, dollar cost average makes more sense. I started buying from lower 600s all the way to now. Total only few coins as that's what I can afford to lose.

Dollar cost averaging is an inferior trading strategy. You only need to be wrong one time on one particular asset type to be broke without proper risk controlled.

If the down trend don't stop, expect to see btc trading at below $200 in a month or two when panic selling and margin call get hit.

I agree that dollar cost averaging is inferior, however, it's very time consuming to watch the market. I'd like to know if there is a better strategy to gain coins in this long term down trend (not spend too much time). TIA!

arbitrage001

legendary

Activity: 1067

Merit: 1000

Quote from: log2exp on October 03, 2014, 03:17:21 PM

Quote from: ravenjt on October 03, 2014, 09:59:58 AM

Quote from: log2exp on October 03, 2014, 09:56:21 AM

Still waiting on the fiat transfer to exchange. Dollar cost average is working nicely.

How much money have you lost so far this year, compared to a strategy of selling up on Jan 1 and sticking the money in a savings account?

I didn't do dollar cost average last year, because it was mainly going up trend. Majority of this year is down trend, especially past few weeks, dollar cost average makes more sense. I started buying from lower 600s all the way to now. Total only few coins as that's what I can afford to lose.

Dollar cost averaging is an inferior trading strategy. You only need to be wrong one time on one particular asset type to be broke without proper risk controlled.

If the down trend don't stop, expect to see btc trading at below $200 in a month or two when panic selling and margin call get hit.

DieJohnny

legendary

Activity: 1639

Merit: 1006

Quote from: log2exp on October 03, 2014, 03:17:21 PM

Quote from: ravenjt on October 03, 2014, 09:59:58 AM

Quote from: log2exp on October 03, 2014, 09:56:21 AM

Still waiting on the fiat transfer to exchange. Dollar cost average is working nicely.

How much money have you lost so far this year, compared to a strategy of selling up on Jan 1 and sticking the money in a savings account?

I didn't do dollar cost average last year, because it was mainly going up trend. Majority of this year is down trend, especially past few weeks, dollar cost average makes more sense. I started buying from lower 600s all the way to now. Total only few coins as that's what I can afford to lose.

I don't get the afford to lose comments. Unless you live in Russia or are borrowing from a drug lord, you can afford to lose every penny you invest in bitcoin. Nobody dies because they go broke, they only die when they jump out the window. So don't jump out the window.

log2exp

full member

Activity: 180

Merit: 117

Quote from: ravenjt on October 03, 2014, 09:59:58 AM

Quote from: log2exp on October 03, 2014, 09:56:21 AM

Still waiting on the fiat transfer to exchange. Dollar cost average is working nicely.

How much money have you lost so far this year, compared to a strategy of selling up on Jan 1 and sticking the money in a savings account?

I didn't do dollar cost average last year, because it was mainly going up trend. Majority of this year is down trend, especially past few weeks, dollar cost average makes more sense. I started buying from lower 600s all the way to now. Total only few coins as that's what I can afford to lose.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: ?? on ??

Does anyone have analysis on the level of trolling during this bear market/downturn compared to other years?

They seem more numerous and aggressive lately.

They outnumber the 'regular' posters on this thread 3-1. They are just here to encourage sellers in people who aren't sure they can hold on. Manipulative losers who don't have two pennies to rub together.

Chuckee

member

Activity: 70

Merit: 10

Quote from: ?? on ??

Does anyone have analysis on the level of trolling during this bear market/downturn compared to other years?

They seem more numerous and aggressive lately.

What you call "trolling" is called "pointing out the obvious" to any rational person. Bitcoin is going down, and I'm just trying to warn those who will listen, just as I've been doing for several months when I sold my stash at $600.

SilentJohn

newbie

Activity: 30

Merit: 0

Quote from: ?? on ??

Does anyone have analysis on the level of trolling during this bear market/downturn compared to other years?

They seem more numerous and aggressive lately.

A small minority with short positions trying to create as much FUD as possible.

Keep your eye on the big picture.

Topic: This week I bought >300 BTC (+700 before > 1000 total) - page 3. (Read 19135 times)