Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17500. (Read 26714784 times)

Just remember that holding also requires patience and control. It also requires sufficient resources that you don't have to sell during times of lower prices.

If you're barely getting by and see your holdings worth a fraction of what they were worth, it can be really hard not to sell, especially if you strongly feel the price will keep going down.

Those are the times you should be buying more, albeit incrementally keeping enough spare fiat on hand to buy if it dips further.

Accumulating fiat from your normal income during periods of flat or rising prices is a good policy. That way you're always prepared to buy the dip.

Just never sell.
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It does get easier with time.

In my case, it was excruciating watching the price fall from $266 to $50 after originally buying in at $68 and accumulating well over 100 coins at about $120 per coin.

Thankfully, I had enough sense and intestinal fortitude to hold tight, although I did sell 10 coins for $155 on the "dead" cat bounce by placing a high ask and having it met. I then placed a bid at $97 which was soon met. That was my last "trading". After losing 50 coins to MtGox I realized that all my coins should be offline.

By the time the price had crashed from over $1100 to under $200, it was much easier to take in stride. I went into accumulation mode and was adding coins by the dozen while the price was down.

The recent dive from $1700CAD to barely over $1000CAD at the height of the PBOC panic didn't phase me at all. Now we're back at $1370CAD. and I've managed to add several more coins.

It gets easier all the time. If you start to weaken, just remember the story of one pathetic troll who sold all his coins for $10 each and has been embittered ever since.  

But monero has the same movement as Bitcoin, but its less profitable. I just need a safe or dead coin where i can put my money in incease btc goes down. I tried tether but tehter wallet sucks. You can put fiat money and btc in a tether wallet but you cant transform it to tether. But who cares, trading days are done.

Ahh, I see what your problem is: It's impossible to trade an asset if you know that it is essentially crap. You should try to find trading pairs, which you are comfortable to hold to, even at a temporary loss. This worked for me in the past with Blackcoin and Monero.

Good morning Bitcoinland.

Nice to see we're solidly back in triple digits... currently $1020 (Bitcoinaverage).

That's better than yesterday when we barely hit quadruple digits for a few moments.

That leaves just March 25 as the only day since Groundhog Day that we stayed under a grand.


LOL Isn't "pro trader" an oxymoron?

Trading is a suckers' game run by exchange showmen to fleece gullible rubes.

The operators have the advantage of Bitcoin's ever-rising price. Even if the marks manage to barely break even, they think they're winning.

 
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I did manage to buy another quarter coin yesterday. That was the smallest purchase I've ever made, but every little bit helps.

Pumping like a champ! Bitcoin is recovering fast and once we'll have the positive China withdrawals news + segwit wins news we're Moon-bound!   

I just discovered that site 2 weeks ago. Therefore i did it all by myself.

Join the hodlers club! It is a place of camaraderie and slowly built friendships.
You should tell us something nice about yourself. I'm an expert when it comes to hodling.

I've corrected it for you.

Because you were following "pro" traders from tradingview, next time do your own  analysis

I tried to explain. 1 bad day ruins 3 months of succesfull trading.

Thanks man. I need to get my stuff toghether and learn to hodl.

Some hope here

F2pool

http://bitcoinist.com/bitcoin-unlimited-token-dives/

Maybe you are right, but as lower btc goes, the chance of going even lower is less and less likely. This means that the chance to increase your btc at the moment is getting smaller and smaller.

Isn't f2p a pure pool that doesn't mine themselves?

They're worth listening to but it's down to the miners using them.

I put all my btc into ethereum on march 26, switched to btc because ethereum was going down and btc was going up. After i done that, btc was going down and ethereum was goin up. They are move divergential. So i switched to ethereum again. After that ethereum was going down, btc too, but ethereum faster. So i paniced and went full retart and switched to fiat after almost 1 month. So i was is fiat, btc dumped like expected BUT that stupid Ether was going up like i mentioned. They are moving divergential. A negative correlation. So my plan could have worked but i expected Ether to crash anytime soon because Bitcoin is amost bottomed-out. They were just driving me crazy and i lost controll. 2 rules of trading; stay calm and be pacient. I wasnt because i knew the altcoin party is almost over and btc dump was almost finished too. I was too greedy and inpacient. I bought 230 ether on february, and dumped them at the same price because nothing happened and bitcoin continued to go up. After i did that Ether increased with 400% so i lost that oppurtunity too because i dont have the pacience.

Its the best to stay away and stop with trading for ever for me. There is just that one moment when you finally lose your controll and pacience and start making stupid moves.
So i will build my cold stash (trying to increase it with 250%) with my fiat money.

He's waiting for the right time to signal Segwit.

maybe you're giving up a bit too soon. The uptrend is not yet fully confirmed imho (it will at 1050), and the civil war goes on with no end in sight.

Everyones a trading hero until they're not. Even the most active traders will only be using a small proportion of what they have.

Don't be this guy https://www.reddit.com/r/ethtrader/comments/606fz4/my_final_margin_call/

Were you playing with leverage?