Topic: When the price of Bitcoin rapidly drops I... - page 2. (Read 4530 times)
Buy. Just like I sell when the price goes up.
I hold.
I tried to play the "sell then buy at bottom game" before in 2011 and 2012, but either I can't get the timing right or the gox lag screws me, so I gave up
I tried to play the "sell then buy at bottom game" before in 2011 and 2012, but either I can't get the timing right or the gox lag screws me, so I gave up
I 
usually. I get neither nervous or elated. Super fun!
usually. I get neither nervous or elated. Super fun! 
I am looking for the window. The reason is not because my tiny holdings are loosing value, but because I am to poor (as a student) to be able to afford to buy more, even at those low valleys.
If drop is out of my picture AND It breaks picture
Then i will not sell at first wave down. Will wait for a bounce. Sudden drop = sudden bounce.
Then i will not sell at first wave down. Will wait for a bounce. Sudden drop = sudden bounce.
When I think the price rises too fast I sell a certain amount of Bitcoin and wait for a crash, then re-buy. I sold some at $60 and watched in horror as they almost hit $75.
Its all good though, bought back at $53.
Most of my coins come from the $11 - $23 days.
I'm not sure if I'll try guessing the market again, I don't think the gains I made was worth the stress. Also it was luck that I loaded up MtGox on my mobile whilst out at the shopping center because by the time I got home it had already corrected.
Its all good though, bought back at $53.
Most of my coins come from the $11 - $23 days.
I'm not sure if I'll try guessing the market again, I don't think the gains I made was worth the stress. Also it was luck that I loaded up MtGox on my mobile whilst out at the shopping center because by the time I got home it had already corrected.
Laugh at people selling for cheap. That's all.
What's your "plan" and why?
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