Who sold at the bottom?
My buy order triggered at $26.9 does that count?
Sure, it does! After all, there are two sides to every trade.
Someone wanted to sell you those coins.
“A trade happens because both parties think they’re getting a good deal.” — Laszlo Hanyecz, speaking in 2019 about
this little trade. Laszlo is an honest Bitcoiner, who takes responsibility for his own trading decisions.
Someone out there had a buy order triggered by mindrust’s bitcoins, too. At the moment he sold, even if he had doubts, mindrust believed that he was getting the better side of the trade: Otherwise, he would not have traded.
You started after this, Copetech, so here is a walk down memory lane about infamous WO events that you see not infrequently mentioned:
I think I am about to capitulate .
I can live with one arm.
define capitulate
I am in panic. So yes. It is going down.
IF by the time I get a confirmation it becomes $3k, I'll just forget about it. Right now I can get back what I invested. My signature earnings are completely erased though.
I am out of my position from 4550USD.
Few moments later it went from 4000 to 4800 after I sold.
I am a nocoiner now.
Only lost $2k from my initial investment but who knows how much I lost from my future profits.
I just deleted every signature gain, every fork gain I got.
Cue a chorus of WO regulars screaming at him to buy back as much as he can, ASAP, even though he will inevitably now have much less BTC. Not planning to buyback unless it goes back to $4k which is pretty much impossible.
If you are even 50% sure about this scenario then plz buy some and forget about it, if not then Best of luck for your future endeavors.
even if BTC prices were to go back to $4,900, it would not be enough for him because he would still be in a loss, and then if prices were to go to $4,500, that would not be enough because it is merely just breaking even for him, and the price could go lower..., and if the prices were to go to $4k, then he would not buy back either because it is too close to $3,850 which means that the price could go lower... etc etc..
Yep. You got the picture. That's why I am only DCA'ing. I just erased my past bad memory. Starting from 2017 in 2020 again.
I'd rather DCA. 50 bucks week. Not planning to buyback unless it goes back to $4k which is pretty much impossible. If it goes that low again you can be sure that it won't stop there so... DCA is the way. No dip buying, no big buying. 50 bucks week and that's it.
Even if goes below $4k again, I am not willing to risk more than %10 of my cash this time. I was too careless last time especially in the last months.
Waiting for a double price from here is gambling. I am fucking done with gambling.
Honestly after all whats said and done, if I had you in front of me, I would bitch slap you till you bought at least 50% of your coins back, i.e. 5, at these prices.
You did say you would ride it to zero, so fucking ride it to zero.How can you keep on doing it wrong man?
I could ride it to zero before I spent too much cash on it. I was DCA'ing happily. 1 to gold, 2 to cash, 1 to btc. In time BTC started to go up and up and up and lately It was all btc and 0 to gold, 0 to cash. (then my saved cash started to go to btc too) That was a mistake.
Shortly thereafter, outside of WO (LOL, the rationalizations):
What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.
It is possible.
I believe the worse is yet to come.If the cure gets delayed for a while longer, it will be devastating. Not only to bitcoin but to everything else. Including your daily life. In a situation like I described
you can't really make an educated guess about bitcoin. It very well may go to zero.If an effective cure makes appearance soon though, it will only save bitcoin from going to zero. A new ATH may still happen but it might take longer than we originally hoped for.
The damage is already very big. There will be lots of pain and this pain can't be cured by printing more money.
Less than six months later, with Covid still ravaging the world: Saylor announced his initial purchase.
Less than six months later, with Covid still ravaging the world: BTC started the trajectory from the ≈$10k range to a new ATH before the end of the year. Honey Badger DGAF about the virus.
If mindrust were smarter, then he would have made a new forum account named
death_wish. He wasn’t and isn’t; thus, the name was left for me.
Let me not mention my unwillingly sold bitcoins; I am trying not to think about that, as I teeter near the brink of a second liquidation that would leave me with BTC dust. I know that the worst may be yet to come—maybe. I am also damn well aware that I may have lost my coins at the bottom; and if I had dollars available, I would be grabbing back BTC in market-buys without looking at the price—panic-buying!—not worried that it may go to $22k or whatever later, not even worried if there may be a catastrophic bear’s-wet-dream crash to $10k or whatever later—and yes, in the theoretical worst case, I would ride it all the way down to zero, BTC or bust. If I had sold bitcoins for dollars, cash in hand, #1 priority would be to get back as many of my bitcoins as I could! If I had the dollars...
I'm not sure I understand this word you use... sold??? Wassat?
With my orders triggering at $27.9 and $26.9 I have now brought my cost average down to $30.5 so I just keep telling myself to be happy about down. Very odd kind of "happy" it is...
Last major bear market, I had unalloyed pleasure in the range of $3k–$8k. It’s not an odd kind of “happy” at all. I
love bear markets, when my BTC is safely in my wallet where it belongs—and when I have some resources available, not just wiped out by playing stupid games with margin.
Multiple edits, because I threw that together while multitasking without adequate coffee; and I care about quality.
