Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.
those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)
Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell
See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end.
I'm sorry but this is extremely short-sighted and worthy of someone with 0 trading knowledge.
We're talking profit here. Even for long bulls, more USD means more BTC. It's as simple as that. Whether you like it or not, he now has 1500 USD worth of extra BTC.
Being a long bull DOES NOT mean you have take every loss that BTC goes through. There will ALWAYS be times when having more USD is the better way to have more BTC.
the question is if he's spending or holding his profit inside the economy to push the growth or if he cashes the fiat out like winning a sportsbet and spending it on hookers' n' blow (or some oth. hedonistic stuff
)
funny thing at this point is that pure swarm intelligence based on faith in some new currency will decide if we will see more growth in the market around it or not.
as long as traders don't realize that with possessing bitcoins they have the power in their own hands to build a way for more adaption and bigger marketshare
which results in a more constant uptrend of price, as long will we see the volatility and the bubbles.
imo btc is a stock for an absolutely amazing idea and when you keep its worth inside its own market without cashing it out (unless you need fiat for electricity bills, buys for mining equipment or basic needs)
you can give the whole economy more power to become what it's all about...
...an accepted and stable global crypto-currency backed up by a big marketshare and giving everybody the possiblity to transfer value to any person on any part of the globe.
what's it all about when everybody invested fiat they don't really rely on in the first place?
(despite some true believers that really build the ground for more adaption)
edit: sorry third beer kicked in...aaaand it took 20min to write this ...and I switched into believer-mode during writing
ergo i can't realize if i wrote nonsense and i stop drunken posting for today and go out drinking more to find out where that bottom is tomorrow.
and i really like that bounce at 70
