Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32644.

manfred

legendary

Activity: 966

Merit: 1001

Energy is Wealth

Quote from: Double-Spent on July 12, 2013, 07:25:47 AM

Went all-in at $20.

Never sold, now I see it was a mistake. I could have easily doubled my holdings if I sold when I thought I should have, but I didn't just because I didn't even want to have the hassle to send coins to Gox.

There is a big difference in holding 300 or 600 coins, guys.

Thats why it does not matter how big your stash is you only can sell it once at whatever price you think is right. Any smart trader will easily outpace your "hypernating" coins and convert it to cash along the way. Only requirement for good trades is a market which moves.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: cosmicblue on July 12, 2013, 07:39:43 AM

Quote from: vokain on July 12, 2013, 07:35:17 AM

Makes no sense unless you're one of the panickers that sold recently. they wanted to catch cheaper coins. haha it was a bad example but the point i was trying to make is that it's hard to time bottoms and it's hard to time tops. looking back it would've been easy to think that hey, i should've sold at $240, what was i thinking, when at that point you were afraid to lose any upside gains if we were to keep going up, the reason why you held, right?

Panickers are always loosing, thats life!
If I bought 10k today @ 90, I'd sell @ 190 at the latest. I wouldn't wait for the bubble burst.

hindsight!

cosmicblue

sr. member

Activity: 282

Merit: 250

Quote from: vokain on July 12, 2013, 07:35:17 AM

Makes no sense unless you're one of the panickers that sold recently. they wanted to catch cheaper coins. haha it was a bad example but the point i was trying to make is that it's hard to time bottoms and it's hard to time tops. looking back it would've been easy to think that hey, i should've sold at $240, what was i thinking, when at that point you were afraid to lose any upside gains if we were to keep going up, the reason why you held, right?

Panickers are always losing, thats life!
If I bought 10k today @ 90, I'd sell @ 190 at the latest. I wouldn't wait for the bubble burst.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: cosmicblue on July 12, 2013, 07:31:07 AM

Quote from: Double-Spent on July 12, 2013, 07:25:47 AM

There is a big difference in holding 300 or 600 coins, guys.

Sure, but if you are 30+ and hold more than 50k coins, you dont care much about speculating. You just lean back and wait a few years Grin

Plus, the market is still too small to successfully daytrade with big volumes. Sure, doubling 300 coins is not a big deal. Doubling +1,000 coins its not so easy because of the illiquidity of the market, you really have to catch juicy points both to sell and to buy.

In this market its not easy at all to buy and sell frequently significant amounts without being burnt by the mix of high fees+slippage.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: cosmicblue on July 12, 2013, 07:32:43 AM

Quote from: vokain on July 12, 2013, 07:27:43 AM

hindsight bro and you're not considering other price entry points. what if you bought at 90, sold at 80, and missed buying back in at 60-70? it's not as easy as you think!!

If you bought @ 90, why should you sell @ 80? Makes no sense Roll Eyes

Makes no sense unless you're one of the panickers that sold recently. they wanted to catch cheaper coins. haha it was a bad example but the point i was trying to make is that it's hard to time bottoms and it's hard to time tops. looking back it would've been easy to think that hey, i should've sold at $240, what was i thinking, when at that point you were afraid to lose any upside gains if we were to keep going up, the reason why you held, right?

cosmicblue

sr. member

Activity: 282

Merit: 250

Quote from: vokain on July 12, 2013, 07:27:43 AM

what if you bought at 90, sold at 80, and missed buying back in at 60-70? it's not as easy as you think!!

If you bought @ 90, why should you sell @ 80? Makes no sense Roll Eyes

cosmicblue

sr. member

Activity: 282

Merit: 250

Quote from: Double-Spent on July 12, 2013, 07:25:47 AM

There is a big difference in holding 300 or 600 coins, guys.

Sure, but if you are 30+ and hold more than 50k coins, you dont care much about speculating. You just lean back and wait a few years Grin

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Double-Spent on July 12, 2013, 07:25:47 AM

Went all-in at $20.

Never sold, now I see it was a mistake. I could have easily doubled my holdings if I sold when I thought I should have, but I didn't just because I didn't even want to have the hassle to send coins to Gox.

There is a big difference in holding 300 or 600 coins, guys.

True dat'.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: Double-Spent on July 12, 2013, 07:25:47 AM

Went all-in at $20.

Never sold, now I see it was a mistake. I could have easily doubled my holdings if I sold when I thought I should have, but I didn't just because I didn't even want to have the hassle to send coins to Gox.

There is a big difference in holding 300 or 600 coins, guys.

hindsight bro and you're not considering other price entry points. what if you bought at 90, sold at 80, and missed buying back in at 60-70? it's not as easy as you think!!

Double-Spent

member

Activity: 74

Merit: 10

Went all-in at $20.

Never sold, now I see it was a mistake. I could have easily doubled my holdings if I sold when I thought I should have, but I didn't just because I didn't even want to have the hassle to send coins to Gox.

There is a big difference in holding 300 or 600 coins, guys.

cosmicblue

sr. member

Activity: 282

Merit: 250

Quote from: Bitcycle on July 12, 2013, 07:23:04 AM

Lots of small fries ..

LOL

vokain

legendary

Activity: 1834

Merit: 1019

^eat them up

Bitcycle

sr. member

Activity: 420

Merit: 250

Lots of small fries anxious to sell at 100.

But what will the whales do?

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: cosmicblue on July 12, 2013, 07:18:34 AM

Quote from: vokain on July 12, 2013, 07:11:38 AM

Quote from: tutkarz on July 12, 2013, 07:08:59 AM

it is gambling because you don't know what will happen tomorrow. And everything can happen.

the prudent gambler doesn't care about what will happen tomorrow, if he knows what will happen in 2-5 years

this is not called gambling.

I'm gambling on my future you see, by forgoing the use of my capital now.

gandhibt

full member

Activity: 238

Merit: 100

Seems like >100 does not hold very firmly. This is quite a thriller I must say.

cosmicblue

sr. member

Activity: 282

Merit: 250

Quote from: vokain on July 12, 2013, 07:11:38 AM

Quote from: tutkarz on July 12, 2013, 07:08:59 AM

it is gambling because you don't know what will happen tomorrow. And everything can happen.

the prudent gambler doesn't care about what will happen tomorrow, if he knows what will happen in 2-5 years

this is not called gambling.

hlynur

hero member

Activity: 770

Merit: 501

Quote from: vokain on July 12, 2013, 06:46:59 AM

When you own 200,000BTC, there are only a few things you can do to increase your percentage

sure, i would do same thing. put some coins aside and multiply your active stash.
hats off to the whale/s who manipulated market down and up during the last two weeks while taking advantage of the popular beliefs during that phase.
first everybody expected a correction and later an overdue upturn because of bullish news.
perhaps we would have seen 50 without these news. you can't manipulate against the sentiments of the masses...then it's really gambling.

it's better to shake the tree during windy times because everybody's expecting it to go that way.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: ardana123 on July 12, 2013, 07:10:12 AM

so mad i didn't buy back in at 80 right now

not too late, what's a few % of a bull trend? Tongue

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: tutkarz on July 12, 2013, 07:08:59 AM

it is gambling because you don't know what will happen tomorrow. And everything can happen.

the prudent gambler doesn't care about what will happen tomorrow, if he knows what will happen in 2-5 years

ardana123

hero member

Activity: 504

Merit: 500

so mad i didn't buy back in at 80 right now

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32644. (Read 26470281 times)