Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31010. (Read 26711971 times)

Related to our sell vs no sell talks, I am happy for everyone who sold at the highs, clearly we've temporarily bottom'd out. To sell at the 720 and below range was silly, since someone was advising some to take some profit. Shortly following this convo beginning it almost broke 825, I would've been more alright with them selling on that very next up tick even.

I should always clarify I have no problem with people selling...as long as they came to that decision on their own opposed to following peoples advice without reading the theory behind or fact checking news articles getting familiar with charts etc.

I myself have been tempted to sell at the 3-4 highs and make 50 - 100 a coin minus 1.5% fees and those just intra day fluctuations. However I remain bullish and remain interested in the eurozone bail in talks.. this news could take us to a new bubble and in that one I see myself selling.

bed you crazy rabbit

Not all of us do that    When I say I'm holding, I'm holding.  I'm not dumb enough (nor good enough) to attempt to sell at the top and buy at the bottom, it's a fools game.

As an irrational human all I can do is lock most of my bitcoin up in safe deposit vaults where I can't be my own worst enemy.

That said- I'm still ahead for today actually. So, no complaints there really. But yes you are right about the greed part.

December 2012 to February 2013

Edit: As you have shown on the above charts. Those who made bank are those who buy and hold.

Which monthly charts did you have in mind? The one from Q3/4 2011, or the one from Q2 this year?







In reality, I get your point of course. But do you get mine as well?

Were you the one who said you lost more money than you've ever had during this drop? If you sold portions after large advances instead of large declines, you would have had a lot more money, and wouldn't have to have that lurching in your stomach during drops. Now, if it continues to advance after you sell some, you will miss out on some profits, but you'll still likely make plenty. If it starts to drop, the money you have accumulated will help you keep your head on straight and not panic when a drop comes. That means you're going to be sticking to your original buy and hold plan. It also means you will have extra money with which to BUY when it's dropping.

I think for some of you, it stems from greed. "If I sell 10 BTC now at 1000, that's 10 million less I'll have when it hits 1 million!" I promise you it's not going to go to a million tomorrow. Take some profit during uptrends, buy yourself something nice, and hold onto the rest for rebuying later.

One might argue "well if your plan is to buy and hold, why are you selling?" Well, you're temporarily adjusting your plan to involve selling because you want some profits and you want to reduce your risk to prevent panic selling. The question is, are you going to adjust your plan rationally while it's going up, or in a panic when it's tanking?

No, no.

You move your coins to a wallet and troll the forum here.

Just like everyone else.

Perspective sure can be beautiful.

Has been nice to trade with you today, we are both in stamp so even better

Correct Typo On December 2011 should been 2012 and April 2012 should have been 2013.

Its January 2013-February 2013 December 2012 was the $12 Range

One can see beauties such as this every now and then in this thread!!! 

sleep well rabbit

fyp

It's 11pm my time. I think I'm going to head to bed. I'm 20% or so fiat with my buy orders placed. Hopefully they get filled and I'll end up ahead of the game. I've got to say, that was a lot of work today for not much profit. If this were real life, and we were all in the boiler room at the back, all of us would be like fucking best friends by now. Drinking beer, talking bullshit. As psychoweird as you lot probably are, we'd bond for life over shit like this.

Some Chinese traders haven't had a good night of sleep.

I only play with 20% - but it still hurts if I get it wrong!   Amount of fiat in that 20% varies - right now that is probably a good idea, but I will not have 'made money' on this dip unless it's not over.   I am waiting to see what happens.

Quite sure that graph is 2013 not 2012. I have vivid memories of those times.

millions of blackscreen copies of windows XP booting up on pentium 4s