Who wishes they had bought bitcoin when it was $540 or so? - page 6.

pinksheep

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Quote from: CEG5952 on June 08, 2014, 06:27:03 PM

Quote from: okthen on June 08, 2014, 04:45:21 PM

I did buy a tiny bit at 540.
I regreted it because it went down afterwards.
But I'm happy I didn't sell, because I would have missed the bottom most certainly.
Hodling!

So, out of curiosity, when will you sell? You're sitting on some nice gains right now. You holding out for $1000? $10k? $1 million? Just curious what some of the hodlers are eyeing for a sell price. Tongue

Minimum $60,000 - yes, I know it may never happen

CEG5952

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Buy and sell bitcoins,

Quote from: okthen on June 08, 2014, 04:45:21 PM

I did buy a tiny bit at 540.
I regreted it because it went down afterwards.
But I'm happy I didn't sell, because I would have missed the bottom most certainly.
Hodling!

So, out of curiosity, when will you sell? You're sitting on some nice gains right now. You holding out for $1000? $10k? $1 million? Just curious what some of the hodlers are eyeing for a sell price. Tongue

okthen

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I did buy a tiny bit at 540.
I regreted it because it went down afterwards.
But I'm happy I didn't sell, because I would have missed the bottom most certainly.
Hodling!

DolanDuck

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Quote from: beetcoin on June 08, 2014, 11:26:05 AM

Quote from: jonald_fyookball on June 08, 2014, 09:55:12 AM

if we could predict what price will do in any market we would already be rich traders, we wouldn't even need bitcoin to make lots of millions.

isn't that obvious? if you could predict the future with anything, you can make a lot of money off it.

Predicting the increasing value of bitcoins is quite easy if you consider a 1 year range, through holding long term anyone can do alot money.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: beetcoin on June 08, 2014, 11:26:05 AM

Quote from: jonald_fyookball on June 08, 2014, 09:55:12 AM

if we could predict what price will do in any market we would already be rich traders, we wouldn't even need bitcoin to make lots of millions.

isn't that obvious? if you could predict the future with anything, you can make a lot of money off it.

Yes it should be obvious. But you still get people making a lot of predictions and saying stuff like if I only knew if this was the top of the market etc

CEG5952

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Buy and sell bitcoins,

Quote from: jbrnt on June 08, 2014, 06:02:35 AM

It is impractical to wish you bought bitcoin at whatever price. If you feel so strongly about bitcoin, which I do, buying in now at current prices is not expensive at all. Even if bitcoin dips again, you know it has strong support about $400-$500, so you won't loose much anyway.

If bitcoin dropped to $400 from here, that's almost a 40% loss. I don't how much you have invested, but being 40% down on an investment is exactly what I would consider "much"....

beetcoin

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Quote from: jonald_fyookball on June 08, 2014, 09:55:12 AM

if we could predict what price will do in any market we would already be rich traders, we wouldn't even need bitcoin to make lots of millions.

isn't that obvious? if you could predict the future with anything, you can make a lot of money off it.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

if we could predict what price will do in any market we would already be rich traders, we wouldn't even need bitcoin to make lots of millions.

pinksheep

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I know I'm jumping the gun a bit, but that's what worries me when people say the next bull run will peak at $4-6k. Though I'd love to cash out & buy back cheaper, it might not make a correction, but just continue upwards. Wasn't there an instance in the past where 2 bubbles came quite close together with very little correction in between? Think I read something like that, though it was long before my involvement in BTC.

jbrnt

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It is impractical to wish you bought bitcoin at whatever price. If you feel so strongly about bitcoin, which I do, buying in now at current prices is not expensive at all. Even if bitcoin dips again, you know it has strong support about $400-$500, so you won't loose much anyway.

darlidada

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Quote from: deadley on June 08, 2014, 04:06:07 AM

I sold my Bitcoins around 520, and now regretting that decision Bitcoin jump from there and now waiting for correction so will buy back.

lol how come people never learn from their mistakes? are you gonna do the same kind oferror twice? What if there are no correction coming ? What if the jump we just had was a correction?

deadley

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I sold my Bitcoins around 520, and now regretting that decision Bitcoin jump from there and now waiting for correction so will buy back.

CEG5952

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Buy and sell bitcoins,

Quote from: byronbb on June 07, 2014, 10:35:36 PM

There may be selling pressure at $700-$1000 by those hoping to get out and break-even. These people will be suckers twice.

Yes, they will. But I have not discarded the possibility that if we clear the resistance in the $700s, that we could top out this rally with another test of the $1000 level. Wouldn't surprise me at all, really.

Parazyd

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Space Lord

In my honest opinion, this is all cheap coins. And the train is leaving.

btc6000

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Quote from: byronbb on June 07, 2014, 10:35:36 PM

There may be selling pressure at $700-$1000 by those hoping to get out and break-even. These people will be suckers twice.

Plus, all the wannabe traders will be trigger-happy around the ATH, so increased volatility. No doubt persons-unknown will throw in a well-timed bit of FUD, so that should shake out the weak.

In the meantime, some of us just stick to the fundamentals.

byronbb

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HODL OR DIE

There may be selling pressure at $700-$1000 by those hoping to get out and break-even. These people will be suckers twice.

mskryxz

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That's why I always buy weekly and hodl. Never sell. When I buy something with bitcoins, I immediately buy back to replace my btc.

jonald_fyookball

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Quote from: MatTheCat on June 07, 2014, 09:27:27 PM

Quote from: jonald_fyookball on June 07, 2014, 05:57:04 PM

We already had a correction from 680 to 630... Now I think prices can go to 700s in the next 1-2 weeks.

Yup, we eventually did have our correction. But only a 23% Fib ratio correction. That isn't very much. I was sitting babysitting my position when it hit $620 the otherday as well, but that wasn't a good enough correction for me, so $660 it was and that will be me out of trying to trade Bitcoins for the next little while since my recent attempts have served as nothing but a means of profit minimisation.

Prices could go easily go higher than $700 in 1-2 weeks.

I said $700s....meaning $700 to $799.

I think using traditional technical analysis works even less on bitcoin market because the market is shallow and also there are blocks being mined all the time. I love trading and technical analysis but I don't think this is the market for that.

I think the best strategy is just load up as much as we can and hold it. The days of sub-$1000 prices are numbered.

MatTheCat

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Quote from: jonald_fyookball on June 07, 2014, 05:57:04 PM

We already had a correction from 680 to 630... Now I think prices can go to 700s in the next 1-2 weeks.

Yup, we eventually did have our correction. But only a 23% Fib ratio correction. That isn't very much. I was sitting babysitting my position when it hit $620 the otherday as well, but that wasn't a good enough correction for me, so $660 it was and that will be me out of trying to trade Bitcoins for the next little while since my recent attempts have served as nothing but a means of profit minimisation.

Prices could go easily go higher than $700 in 1-2 weeks.

RUEHL

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I was introduced to Bitcoin when it was trading at $11 back in 2011. I wasn't ready to accept it at the time, and if I did buy I probably would've sold at all the next peak when it hit $18 or $30.

Only when I became educated on fractional reserve banking, FIAT, and how the central banking system has influenced past history, then I was able to accept that his a long term investment vehicle.

I also realized that trying to find the bottom is silly in the grand scheme of things.

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