Topic: Why didn't you sell? (Read 13386 times)

Too Many Bitcoiners become armchair day traders only to lose their shirts, trousers and under crackers...............NO if you come across Bitcoin just considers it like picking up some early shares in Google or whatever analogy works for you.

Its becoming obvious that Bitcoin is heading someplace special so why waste your golden ticket gambling it away on an exchange ?

You should have followed your own advice and asked a person with IQ above 30; but you probably asked yourself instead did you?

I hope you were able to change your position as quickly as the "facts" change:


Any "facts" in a market are only temporary beliefs.  Yes, the government statement happened.  That is a fact.  But when you apply that to a market it becomes a belief because there are other possible interpretations of the available facts.  It is you who added the word "negative".

P.S. Your communication style makes you seem like a cocky asshole.  Mine does too at times.  I recommend spending less time on insults and more time on substance.

If someone who tards is a tarder, then is someone who tards repeatedly a retarder?

Be a holder or be a tarder.

I trade most effectively from a state of equanimity. I no longer try to sell all and buy everything back later at a lower price. The emotional swings start to kick in and stupid decisions are made. Been there, done that ... many times over. Doesn't matter what market - equities, futures, currencies or Bitcoin. What I've learnt is that if I can't remain cool, unemotional, detached, then I need to just stay out of the trade.

I vaguely remember seeing this thread earlier in December, but I quickly dismissed and ignored and missed out on some interesting discussion. I'm glad it got a little play today and that I was able to catch up.

I'm simply posting in here to make it easier for me to come back here and re-read this stuff every time I make a few winning trades and my ego needs a little reality check.


^this^ part especially speaks to me. I'm still trying to understand the *why* of the actions I take, but I am starting to understand why I feel so anxious when the price is going up and why I feel calm when it's crashing. This recent revelation about myself has allowed me to now solidify a position that I feel comfortable with moving forward (as long as we don't break through $4000 range before May - In which case, I'm sure the anxiety attacks will resume, though I hope I will be better equipped to rationally analyze the reasons for my feelings and be able to adjust my position accordingly)


--as to the OP question, I actually did sell. and I went through a swirling range of emotions that caused me to buy back in at 850, sell again at 950-999 range, and then I was lucky enough to get those coins back through a tranche from 800 all the way down to 450. That wasn't smart, educated, or well-advised. It was an emotionally driven series of moves made through panic and fear that caused me real-life physical and emotional distress.

This time I was lucky. I will not be doing that again.

i didnt sell because i didnt know about the chinesse annoucment
i didnt sell because i was too stupid to register here and follow bitcoin news (i bought in april and and registered here just a week or two ago i think :-) )
i didnt sell because i was too stupid to realize that if i sell when its high and buy when its low i get the same ammount of BTC + a net profit of fiat :-)
i didnt realize that because i was lazy to think about it (bitcoin in general) after my april purchase
i didnt realize it because i belive i might a be little stupid in this issue in general :-)

In my defence i have to say i didnt had any previous market or trading experience AT ALL before buying bitcoin :-)

I personally don't hold them ATM, just buy and use.

i sold once, i made $7.00. thats why i hodl

I didnt sell because my balls got balls..... heck even my balls hairs got their own balls. Its a tree of balls down there , you hear me?

I keep trading Bitcoins to others, Im not much smart so I just hodling

Be a hodler or be a looser.

Bitcoin hodler forever.

Yeah ..we have balls of steel, ask HODL hero 

When will your peanut-sized balls actually put your money where your mouth is?

+1

I didn't sell because I'm hodling.

When will your peanut-sized brain understand that the Bitcoin market does not currently behave in as a complicated way as the stock market?

The stock market is a complex system that has much more variables at play than that of Bitcoin, which is governed by fewer variables making it easier (much easier in fact) to predict.

So while the value of an S&P 500 company might be subject to 100 different variables (having strong correlation with), Bitcoin might only have 4 or 5 of those variables (just to illustrate my point).

That was point number 1.

And point number 2 says the following: Facts are different than analysis, in that facts are events that already happened. FACTS are not just speculations, FACTS have a more predictable effect on the movement of things that belongs to its direct (then indirect) ecosystem. Cause-effect, ever heard of it, you dimwit?

So for example if a company has 80% of its expenses as oil (FACT) and if oil price went up by 100% in a single day (another FACT) then you'd expect the stock of that company to go down (cause-effect). How hard would it be to predict that? (I'm not sure how hard it would be for your mediocre brain but for anything below an IQ or 30 it's pretty straight forward)

I agree Cause-effect might be harder to predict in complex systems but easier in emerging, non-mature, less-complex systems like that of Bitcoin.

Now if I ask a person with an IQ above 30 what he thinks will happen to the value of a Bitcoin (given it's current state) if FACTS say that it's been given negative news in a country like China (where it had one of the biggest market share concentration)...then clearly the person above the IQ of 30 will predict that Bitcoin will go down in value.

But it seems you still have a long way to go before you reach that level of intelligence.

Now do me a favor and read all my previous comments before you come here and start trolling like a stupid maniac because I've already answered concerned similar to the ones you raised and I hate to always repeat myself.

Are you day trading or looking for a more medium term profit?

Trying to call the bottom is a waste of time, what you need to consider is whether the price will go above your buy in at any point in the short/medium term. That is the only question you need. Calling the bottom is a fluke and will just distract you.

I am doing a mix of both, I like to pick up on day trade profits, so far today has been rather good. People simply can't make their minds up. Meanwhile I am also confident that long term BTC will be trading above $1000 within the next 8-12 months, so $500 is still a good price to be buying at.

You just have demonstrated again that you are a clueless troll.

If it is so easy to trade based on "facts" why aren't you filthy rich?

Both the stock market and Bitcoin are full of "facts". But anybody with half a brain knows that markets are irrational.

You, sir, are a pitiful troll looking for attention. Probably butthurt because you didn't buy BTC at single digits.

Sorry for that, move on.