Ok, i did market orders only today. I'm tired of trading this thing. (i was waiting for a re-entry point since when i sold everything at 110, i kicked myself not to have bought at 78$).
I bought at 122 and sold at 119. I bought again at 121 (5% of losses only for this move?).
Cashed out to a paper wallet, i don't want to see mtgox again for the next 2 months. I reached the 0.29% trading fees, they want me to get addicted. I have other things to do in the meanwhile, the only choose was between staying all in or all out.
Bitcoin conference, lot of positive media reviews, lot of buzz, 40k btc on buy orders from here to 100$, i don't think that this will be another 2011, but this confidence should tell me that maybe everything is out there to convince me to do the wrong choice.
We will see, bitcoin. 2 months from now, we will see.
This change of sentiment by one trader is entirely consistent with the steady drop in volume after the April 10 peak.
For the record: I've changed my sentiment over the days too, I've had pretty much the same process as cedivad. Yeah, at the beginning I was quite sure of Bearapocalypse 2011 reloaded - but from one side I saw how I predicted lower bottoms than the ones we actually reached - every time. That made me think, there was not so much panic in the air.
Then, I make the same analysis as cedivad: lots of good buzz around Bitcoin. Yes, speculative trading has patterns that repeat themselves over time; but we have to acknowledge that everything around bitcoin (work done in infrastructure, positive news attention, investments done in real economy) is very different from 2011.
I'm a moderate bull ATM. I'm pretty sure that $50 was the bottom for this year - and this would
very bullish signal IMO. Yeah, they may be more occasions for much cheaper coins than $120, but no way under $50. And I can tell you something: if we leave behind $125, I'm entering in motherfuckin-berserk-uberbull mode
