lol! Well it was only something like 0.009 so I'm okay with that, I'm trading altcoins because I want more Bitcoins and don't care for paper money, plus it will help me pay for stuff, I haven't done too badly for myself really considering I only started out with £8 worth that I mined. I currently have around £80 in profit so in the end if it goes disastrously wrong I'll have only lost £8 but I don't want to do that because I've got plans.
It is really difficult to make sure you don't impulse buy for sure but if I've taught myself to hold I can teach myself to buy in a disciplined way as well.
Topic: What do you do in stagnant markets? - page 2. (Read 6758 times)
I've gone ahead and just sold to get out
Not the right time to sell at a loss... sorry!
EDIT: Not that it is ever really the right time to sell at a loss (presuming no medical emergencies etc)
I've gone ahead and just sold to get out, I only was on a very minor loss
My condolences. Selling bitcoin with small profit is pretty silly, selling bitcoin at a loss, didn't think it is possible. Well, everyone must make mistakes I guess.
Woot more advice 
Yeah, I've gone ahead and just sold to get out, I only was on a very minor loss so I'm okay with that and I didn't want to have to worry about the price dropping more, time to exercise some buying patience now I've learned how to hold so I can get the best deal.
I wish games like X Rebirth were working properly because then I'd just go and play that instead
Yeah, I've gone ahead and just sold to get out, I only was on a very minor loss so I'm okay with that and I didn't want to have to worry about the price dropping more, time to exercise some buying patience now I've learned how to hold so I can get the best deal.I wish games like X Rebirth were working properly because then I'd just go and play that instead
I wanted to ask any professional traders or people with more experience what they do when markets stop moving and there isn't much activity going on. I realise this is a pretty noobish question but I'm teaching myself how to buy in a disciplined way because I've found I always keep making life harder for myself by panic buying into an altcoin. Do you think it's a good idea to just hang back and observe the prices rather than just rush in and wait for a sensible low price to pop up or is it sometimes worth the risk if you think there's going to be a surge of buyers coming in?
You can trade the small movements with an automated bot, which is impossible to do by hand. Or you can sit back, relax, and buy any dips. You also can use bitcoin for buying goods since the price is stable. What you definitely should not do - is stare too much at the charts because then you would be impulse-trading tiny movements, which are, all of the time, just meaningless noise. Set buy orders 10%, 20%, 30% below current price and you don't have to even look at the price for days.
Maturbate - If the price don't move at least you will.
I guess you could call this hodl-ing.
Teen: You guys holding?
Jay: Shit, everything but coke, heroin and your cock.
Thanks for all the posts guys that was really helpful, looks like I should work on my manga and jewellery some more ;P I don't have enough Bitcoin that I can make people think twice about selling or buying so it's better for me to just wait until I break even and get the hell out.
In all honesty, the best thing to do is buy.
Stability fuels the rocket.
Stability fuels the rocket.
Its good to hear an honest post amongst all the bs and hubris. There's a degree of luck in trading that people often overlook.
Its 80% predicting human behavior.
I try to take only the most obvious of obvious trades and I am often wrong.
2013 has been very generous to the bulls, including me. I don't know what 2014 has in store, but good luck.
2013 has been very generous to the bulls, including me. I don't know what 2014 has in store, but good luck.
Its good to hear an honest post amongst all the bs and hubris. There's a degree of luck in trading that people often overlook.
I'm with Ben.
What ever your position is right now, hold it and sit on your hands. Set a stop sell (if long) or a stop buy (if short) and wait. It'll break this consolidation soon enough.
What ever your position is right now, hold it and sit on your hands. Set a stop sell (if long) or a stop buy (if short) and wait. It'll break this consolidation soon enough.
I do absolutely nothing when a market stagnates. Overtrading can be your worst enemy (well, one of your worst enemies - there are plenty of them when trading). In fact, tradeable opportunities are few and far between. In the past year, there have only really been 4 tradeable opportunities on a daily chart and these are still very difficult to spot in real time. I try to take only the most obvious of obvious trades and I am often wrong.
2013 has been very generous to the bulls, including me. I don't know what 2014 has in store, but good luck.
2013 has been very generous to the bulls, including me. I don't know what 2014 has in store, but good luck.
I wanted to ask any professional traders or people with more experience what they do when markets stop moving and there isn't much activity going on. I realise this is a pretty noobish question but I'm teaching myself how to buy in a disciplined way because I've found I always keep making life harder for myself by panic buying into an altcoin. Do you think it's a good idea to just hang back and observe the prices rather than just rush in and wait for a sensible low price to pop up or is it sometimes worth the risk if you think there's going to be a surge of buyers coming in?
For me I've found that a price rise never usually happen fast and when I buy in at what I think is a new low it always drops further meaning I have to wait longer in order to make any money but I don't like the idea of a price spike suddenly happening and me not being there for the profit taking.
Work hard at a job and invest when it crashes. Has worked for me for 2 years. For me I've found that a price rise never usually happen fast and when I buy in at what I think is a new low it always drops further meaning I have to wait longer in order to make any money but I don't like the idea of a price spike suddenly happening and me not being there for the profit taking.
Stare at charts all day piecing together useless TA and tinfoil hat conspiracy theories while accomplishing absolutely nothing.
If there's a period of relative stability (and that's a big if right now) it's time to look into the alt markets.
There's not much stability in BTC but when it does happen I've noticed a marked increase in the trading of alts resulting in some very large price movements.
There's not much stability in BTC but when it does happen I've noticed a marked increase in the trading of alts resulting in some very large price movements.
I'm no expert but have read quite some on trading.
Traders hate markets that go sideways. Markets must go up or down so you can go long or short.
A diehard trader will pull out his money and invest it in another market that does go up or down. Why wait (hodl) if you can hop on a train that is going somewhere.
Bitcoin is another game alltogether. If it moves it goes so fast that you better hodl until it goes to da moon or you will miss a lot of money.
No other investment can go up 10-100% in a matter of hours and has a long-term uptrend since it was invented. With normal stocks you hope to make 10% in a year.
Traders hate markets that go sideways. Markets must go up or down so you can go long or short.
A diehard trader will pull out his money and invest it in another market that does go up or down. Why wait (hodl) if you can hop on a train that is going somewhere.
Bitcoin is another game alltogether. If it moves it goes so fast that you better hodl until it goes to da moon or you will miss a lot of money.
No other investment can go up 10-100% in a matter of hours and has a long-term uptrend since it was invented. With normal stocks you hope to make 10% in a year.
Set up a buy order for a coin you want at a LOT lower price than you think is reasonable and then chill. Either it'll hit or it won't. Give it a few days. You'll be surprised how low markets can go!
Be prepared to move your orders - my lowest orders never get filled !
Set up a buy order for a coin you want at a LOT lower price than you think is reasonable and then chill. Either it'll hit or it won't. Give it a few days. You'll be surprised how low markets can go!
Just wait till the holidays are over. I would think most people are looking for tax deductions right now.
Meaning?
Just wait till the holidays are over. I would think most people are looking for tax deductions right now.
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