Topic: What I'd do now (Read 4075 times)
I too have sold my coins at $4 before last weekend. I may buy back a few once the price drops low enough.
My plan seems to work out perfectly. Doubled my BTC from the first post on. Please check the chart on Post #1 again 
To the question of "what I'd do now", I would encourage bitcointalk.org users to remove gambling, lottery, pyramid and ponzi scheme ads from their signatures (the latter even if it's a joke). This forum is the premiere forum to discuss all matters bitcoin. As a new user, if I saw people advertising more unsavoury uses for bitcoins I would instantly approach the whole matter with even more caution.
this.
To the question of "what I'd do now", I would encourage bitcointalk.org users to remove gambling, lottery, pyramid and ponzi scheme ads from their signatures (the latter even if it's a joke). This forum is the premiere forum to discuss all matters bitcoin. As a new user, if I saw people advertising more unsavoury uses for bitcoins I would instantly approach the whole matter with even more caution.
I echo that
Yep, exactly. Out of all 300 or so of my close, personal friends / acquaintances / people in my real-world social group, I am the only one that does anything with bitcoin at all. Most of them have no idea what it even is, and I wouldn't suggest they come here for introductory information, but I would like to.
Agree. BTCUSD sits on the major long term uptrend line which should spark a strong rally.
How many times have we heard this? I agree with you that we'll eventually have a rally and that there is long-term support, but I have little to no confidence in your timing because the long-term support line is way too broad for us to time the market with such accuracy.
Agree. BTCUSD sits on the major long term uptrend line which should spark a strong rally.
It's at 3.x. How much have you bought?
None because I haven't been able to deposit yet. I'll look for good buying positions next week. I expect many others to do this as well. $3.x is the strongest buying zone since the downtrend started and this will be apparent in the weeks to come. And it just might be strong enough to start trend changing rallies, but we'll see about that. Blocks/hour 4.97 / 724 s
From bitcoincharts.... that's not good, that is ~12 minute block times now, one would hope it doesn't get too much worse or bitcoin will begin approaching un-usability.
From bitcoincharts.... that's not good, that is ~12 minute block times now, one would hope it doesn't get too much worse or bitcoin will begin approaching un-usability.
... and every two weeks the difficulty adjusts to go back to 10 minute block times.
To the question of "what I'd do now", I would encourage bitcointalk.org users to remove gambling, lottery, pyramid and ponzi scheme ads from their signatures (the latter even if it's a joke). This forum is the premiere forum to discuss all matters bitcoin. As a new user, if I saw people advertising more unsavoury uses for bitcoins I would instantly approach the whole matter with even more caution.
I echo that
To the question of "what I'd do now", I would encourage bitcointalk.org users to remove gambling, lottery, pyramid and ponzi scheme ads from their signatures (the latter even if it's a joke). This forum is the premiere forum to discuss all matters bitcoin. As a new user, if I saw people advertising more unsavoury uses for bitcoins I would instantly approach the whole matter with even more caution.
Just a thought, but funds tied to real assets that are valued in bitcoins such as my SLV fund on the GLBSE will help protect the value of your bitcoins from a price drop. The fund is up 22% today alone and pays a daily dividend.
https://bitcointalksearch.org/topic/fund-closed-45586
https://bitcointalksearch.org/topic/fund-closed-45586
Blocks/hour 4.97 / 724 s
From bitcoincharts.... that's not good, that is ~12 minute block times now, one would hope it doesn't get too much worse or bitcoin will begin approaching un-usability.
From bitcoincharts.... that's not good, that is ~12 minute block times now, one would hope it doesn't get too much worse or bitcoin will begin approaching un-usability.
It's just variance. Deepbit is back to 4.4 terahash, no measurable decreases since $5/btc. We've seen 5 blocks/hour before, it's meaningless. Business as usual, everyone is feeling bullish again.
Blocks/hour 4.97 / 724 s
From bitcoincharts.... that's not good, that is ~12 minute block times now, one would hope it doesn't get too much worse or bitcoin will begin approaching un-usability.
From bitcoincharts.... that's not good, that is ~12 minute block times now, one would hope it doesn't get too much worse or bitcoin will begin approaching un-usability.
Well, Solidcoin is always ready for a bitcoin collapse so no problems there
! Think what if price drops to 0.1 or mtgox gets "hacked" which is much more probable than bitcoins rising to 10000 USD etc.
More likely if $ volume goes to the point where current and future operations are unlikely to result in any net profit -- claim to be hacked, keep the $, close up shop. It's a completely opaque operation with no accountability and one guy running the show. What would YOU do for a few hundred thousand dollars in your pocket weighed vs mounting losses for continuing operations?
That's what I suspect happened to bitcoin7. Look to moonco.in and Bruce Wagner for other data points.
Hehe nice one. Bet he is packing up right now and buying a house in Hawaii. I'm not even joking the guy can run away at any time now.
Think what if price drops to 0.1 or mtgox gets "hacked" which is much more probable than bitcoins rising to 10000 USD etc.
More likely if $ volume goes to the point where current and future operations are unlikely to result in any net profit -- claim to be hacked, keep the $, close up shop. It's a completely opaque operation with no accountability and one guy running the show. What would YOU do for a few hundred thousand dollars in your pocket weighed vs mounting losses for continuing operations?
That's what I suspect happened to bitcoin7. Look to moonco.in and Bruce Wagner for other data points.
If I were you I would sell like CRAZY. 152 000 USD would buy you a lot of things. Bitcoin price will only fall and fall. Bubble burst in June. Only thing that will happen is price drops to level it takes to make them eg <$1. Don't get greedy. Think what if price drops to 0.1 or mtgox gets "hacked" which is much more probable than bitcoins rising to 10000 USD etc.
Until this month I sold just about 100 coins. I wish I would have sold at 32, 24 or even 10. So far I set up a small bidwall, at 4.01 to have some gain from bitcoins if this goes really down.
LE: 3.98
LE: 3.98
I wish someone had set up a 100,000 btc ask wall at $10 in June. So much angst would have been avoided if the price had never raised into the double digits.
I have faith in bitcoins. As freedom currency. Price matters less. Not least, less. I, like many others, was too bullish to see that it can go down. Actually I was hoping someone else would dump 50,000 in an older post. I know that it could be beneficial.
Under the assumption that your screenshot is genuine, I would seriously consider pulling the plug (= Selling) now ;-)
Why? Well did you ever consider that Mt. Gox is most likely virtually out of reach for the legal system in your country? Should gox get hacked again, or just decide to refuse to pay you back, or whatever you'll pretty much end up with nothing.
This is by far the biggest threat to your account balance. Not daily bitcoin price fluctuations :-) However this large balance ofc enables you to abuse the system and make "free money" by manipulation
Its like sitting on a poker table where you are the chipleader... 
I’ll just assume you’re not a troll.
Seriously, just dump all your coins if you have no trust in Bitcoin. The problem is exactly that people like you haven’t capitulated yet.
Want Bitcoin to recover? Dump your coins. Want free money from the mining? Dump your coins.
And please don’t buy them back until you have faith in Bitcoins. Thank you.
Seriously, just dump all your coins if you have no trust in Bitcoin. The problem is exactly that people like you haven’t capitulated yet.
Want Bitcoin to recover? Dump your coins. Want free money from the mining? Dump your coins.
And please don’t buy them back until you have faith in Bitcoins. Thank you.
I have faith in bitcoins. As freedom currency. Price matters less. Not least, less. I, like many others, was too bullish to see that it can go down. Actually I was hoping someone else would dump 50,000 in an older post. I know that it could be beneficial.
I’ll just assume you’re not a troll.
Seriously, just dump all your coins if you have no trust in Bitcoin. The problem is exactly that people like you haven’t capitulated yet.
Want Bitcoin to recover? Dump your coins. Want free money from the mining? Dump your coins.
And please don’t buy them back until you have faith in Bitcoins. Thank you.
Seriously, just dump all your coins if you have no trust in Bitcoin. The problem is exactly that people like you haven’t capitulated yet.
Want Bitcoin to recover? Dump your coins. Want free money from the mining? Dump your coins.
And please don’t buy them back until you have faith in Bitcoins. Thank you.
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