Why didn't you sell? - page 8. | Bitcointalksearch.org

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: JayB on December 08, 2013, 04:16:12 PM

Quote from: sgbett on December 08, 2013, 03:52:02 PM

Quote from: JayB on December 08, 2013, 01:22:24 PM

Quote from: sgbett on December 08, 2013, 12:56:11 PM

ITT someone with no bitcoin tells everyone they should have sold at $1200 *after* the fact.

Obvious troll is obvious.

So you have no right to give your opinion regarding airplanes unless you own an airplane? this is what your logic is telling me.

Experts regarding subject matters don't need to own the thing they are experts on...just giving you some facts about life

On top of that...I never told you what to do. I'm asking a question. See my sentence has a question mark at the end. Gosh...

You are an idiot?

In an absolute or a relative sense?

I would say I am an idiot in the eyes of an absolute one.

If you didn't get it, don't worry you're not expected to.

"I'm an absolute idiot!" Refreshing honesty on the forums! Cheesy

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: bitcoin carpenter on December 08, 2013, 03:52:48 PM

Most of us have been where the OP is wondering how no one is seeing what we are seeing.

Then we try.... sure we catch a few get trades but after a few months we realize that we would be near the same place if we had done nothing besides buying and holding

OK, I admit I am being a bit harsh on OP.

Here is the thing the question as its phrased is black and white. OP suggests you can predict where the top is (or near enough), that you can know that after that top there will be a significant enough selloff such that it was worth selling, that you can predict where the short term bottom is (or near enough) to be able to rebuy. He fails to see that if this doesn't go 100% to plan then you could very well end up in a worse position, and fails to see just how unlikely it is that it will go 100% to plan.

All that stuff seems pretty obvious to me, which is why I get a bit cranky when people suggesting not selling is a bad decision, because there was some outside chance that I could have profited from a lucky trade.

I_bitcoin

full member

Activity: 168

Merit: 100

Ignoring the troll part of the post and answering the title "Why didn't you sell?".

I didn't sell because I believe Bitcoin is going to be much much more than what it is today. To be more specific, I believe the value is significantly greater than $1k for what the future holds.

That said, I don't believe the dollar is going away any time soon and even if it does Bitcoin is not yet ready to take on the transaction load. We have much work to do with the protocol before we can equate to a Visa or even a Paypal.

JayB

newbie

Activity: 42

Merit: 0

Quote from: sgbett on December 08, 2013, 03:52:02 PM

Quote from: JayB on December 08, 2013, 01:22:24 PM

Quote from: sgbett on December 08, 2013, 12:56:11 PM

ITT someone with no bitcoin tells everyone they should have sold at $1200 *after* the fact.

Obvious troll is obvious.

So you have no right to give your opinion regarding airplanes unless you own an airplane? this is what your logic is telling me.

Experts regarding subject matters don't need to own the thing they are experts on...just giving you some facts about life

On top of that...I never told you what to do. I'm asking a question. See my sentence has a question mark at the end. Gosh...

You are an idiot?

In an absolute or a relative sense?

I would say I am an idiot in the eyes of an absolute one.

If you didn't get it, don't worry you're not expected to.

bitcoin carpenter

legendary

Activity: 1582

Merit: 1001

Most of us have been where the OP is wondering how no one is seeing what we are seeing.

Then we try.... sure we catch a few get trades but after a few months we realize that we would be near the same place if we had done nothing besides buying and holding

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: JayB on December 08, 2013, 01:22:24 PM

Quote from: sgbett on December 08, 2013, 12:56:11 PM

ITT someone with no bitcoin tells everyone they should have sold at $1200 *after* the fact.

Obvious troll is obvious.

So you have no right to give your opinion regarding airplanes unless you own an airplane? this is what your logic is telling me.

Experts regarding subject matters don't need to own the thing they are experts on...just giving you some facts about life

On top of that...I never told you what to do. I'm asking a question. See my sentence has a question mark at the end. Gosh...

You are an idiot?

fluidjax

hero member

Activity: 750

Merit: 601

Well now it looks like you've got a good understanding about trading and how to increase your BTC holding, I suggest you try trading full time. Go forth and make your fortune.
Just make sure you come back and let us know how you get on.

JayB

newbie

Activity: 42

Merit: 0

Quote from: sgbett on December 08, 2013, 12:56:11 PM

ITT someone with no bitcoin tells everyone they should have sold at $1200 *after* the fact.

Obvious troll is obvious.

So you have no right to give your opinion regarding airplanes unless you own an airplane? this is what your logic is telling me.

Experts regarding subject matters don't need to own the thing they are experts on...just giving you some facts about life

On top of that...I never told you what to do. I'm asking a question. See my sentence has a question mark at the end. Gosh...

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: sgbett on December 08, 2013, 12:56:11 PM

ITT someone with no bitcoin tells everyone they should have sold at $1200 *after* the fact.

Obvious troll is obvious.

No kidding.

sgbett

legendary

Activity: 2576

Merit: 1087

ITT someone with no bitcoin tells everyone they should have sold at $1200 *after* the fact.

Obvious troll is obvious.

JayB

newbie

Activity: 42

Merit: 0

Quote from: MoreFun on December 08, 2013, 12:25:13 PM

First I thought OP is experienced trader in BTC, now when knowing he doesn't even own coins this is a BS and noone new should listen to this, altough it sounds very simple and profitable.

Reading my initial post carefully you would've figured out I'm not an experienced trader in BTC. I wasn't tryina give you a lesson; I had a question mark at the end of my sentence suggesting I was asking a question....

Anyways I may not be an experienced BTC trader but I have good knowledge regarding financial markets since I did my studies there, but I'm more into theory than practice, and that's why I asked my question to get more insights into the matter.

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: oyeTorry on December 08, 2013, 12:23:42 PM

Quote from: JayB on December 07, 2013, 04:20:34 PM

For those who had Bitcoins right before the Chinese Government's announcement this week and didn't sell them right after the announcement, why didn't you? I'm just curious.

I dont sell because having Bitcoins or USD at exchange seems risky to me. I will wait for safer options

It's risky and sometime it's painfully slow but don't forget that the economy of bitcoin is built around those exchanges. Everyone talking about the bitcoin price after all not about how great bitcoin is as a payments network.

sinner

hero member

Activity: 615

Merit: 500

if I sell and make a "profit", i owe fucking taxes (in USSA, cant escape IRS). i'm long term bullish and dont know how to time the market. so not only would i be gambling on predicting short term moves of the most volatile asset in the world, but even if im right i owe taxes and now the upside isnt as great. if i could predict the market like masterluc id have sold.

zby

legendary

Activity: 1594

Merit: 1001

I don't know if that was already mentioned in this thread - but there is yet another possibility - I did not sell, because I had sold a day earlier

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

First I thought OP is experienced trader in BTC, now when knowing he doesn't even own coins this is a BS and noone new should listen to this, altough it sounds very simple and profitable.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: bitcon on December 08, 2013, 10:52:41 AM

Quote from: anu on December 08, 2013, 10:50:24 AM

Quote from: proudhon on December 08, 2013, 10:44:58 AM

US citizens

This is bad - feeling sorry for you. Why not leaving while you can?

because some of us arent allowed to leave or cant afford it.

You can't afford leaving the US after having sold 30k coins at $145?

Damn.

oyeTorry

hero member

Activity: 770

Merit: 500

Quote from: JayB on December 07, 2013, 04:20:34 PM

For those who had Bitcoins right before the Chinese Government's announcement this week and didn't sell them right after the announcement, why didn't you? I'm just curious.

I dont sell because having Bitcoins or USD at exchange seems risky to me. I will wait for safer options

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: JayB on December 08, 2013, 12:06:11 PM

Having said that, I try to give my own POV regarding Bitcoin matters since I'm interested in the topic itself, and try to gather some counter-arguments to mine.

Your argument is suggesting via hindsight people should have tried to catch a falling knife.

It really is it's own counter argument. :-)

bitjoint

sr. member

Activity: 333

Merit: 250

Commander of the Hodl Legions

Quote from: bitcoinminer on December 07, 2013, 05:08:16 PM

Because I didn't wanna get GOXXXED!

Thisssssss Grin

Gleason

full member

Activity: 207

Merit: 100

M reason was this,

I wasn't awake when the news came out. It came out around 3:40AM my time. I woke up around 6 am and saw I had missed the big dip, and the market was already recovering. It recovered for for quite awhile after and made it back to the $1100, and litecoin back to the $40 range after everyone figured out China hadn't actually banned bitcoin like what was immediately thought when the news first hit the media.

I figured if it was reovering and going upwards after the big misleading news stories, there was a good chance it could hold steady/rise more.

And then it proceeded to tank while I was stuck at work.

Topic: Why didn't you sell? - page 8. (Read 13386 times)