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Topic: Why people holding their coins when the price is going down for sure... (Read 4087 times)

full member
Activity: 159
Merit: 100
buy you can buy-in after the price will hit the bottom and you will have X more coins

How do you know my tactics? Cheesy
full member
Activity: 140
Merit: 100
So at July 3 13.15 when i open this threat the price was 88.40$
Today the minimum was 72$

And how much do you loose not selling BTC ? Smiley

And some people still trying to convie me that we might have rebound Cheesy

There is something you don't understand, not everyone is day trading like you, some of us (miners mostly) acquire coins with no cash input. Therefor, acquired coins only have a btc value. If we were to sell, it would be pure profit anyway, the only comparison to establish "profit" margins, is yesterday's price.
hero member
Activity: 546
Merit: 501
So at July 3 13.15 when i open this threat the price was 88.40$
Today the minimum was 72$

And how much do you loose not selling BTC ? Smiley

And some people still trying to convie me that we might have rebound Cheesy

Sorry but to sell somebody have to buy it also. If you convince everybody to sell then who will buy them. You at $0.01? Its clear you want to rob everyone else hurting bitcoin economy in the process for your little shitty profit. So im asking you to shut up and get lost if you don't want to support bitcoin community as a whole. I'm tired of all people who only mind they tiny interest because of this behaviour this world is fucked up as it is now. When people will grow up and start working together instead of screwing each other?

And no im not writing it because i have lost on bitcoins, its the opposite actually but maybe i dont care about money like most people here. There are more important things to change.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
MT Gox withdraws are back online now, it just may have some positive price pressure on now...

I didn't sell ... glad I held on... even if drops more that's fine it'll be back at some point...

no they arent



"Two more weeks" !!! Who do they think they are, BFL?

Who is still using MtGox anyway? I pulled my coins out of there a long time ago. I think they are still allowing bitcoin withdrawals, take your money to another exchange and sell before the price goes down any more!
member
Activity: 84
Merit: 10
supernode
So at July 3 13.15 when i open this threat the price was 88.40$
Today the minimum was 72$

And how much do you loose not selling BTC ? Smiley

And some people still trying to convie me that we might have rebound Cheesy
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
But Blitz is a permabear well until it reachs 10 dolla  Cheesy
hero member
Activity: 602
Merit: 500
blitz, i don't know you and i haven't followed your modding patterns but, can you explain your reasoning for allowing this guy to FUD all day and all night nonstop. at least put a limit of one post per day or something
member
Activity: 84
Merit: 10
supernode
Jaroslaw:

When you will sell your coins? Wink I am waiting for a fair price...

Im waiting for suckers rally and bull walls at 80 Smiley
ask
legendary
Activity: 1386
Merit: 1004
Jaroslaw:

When you will sell your coins? Wink I am waiting for a fair price...
member
Activity: 84
Merit: 10
supernode

Are you sure ?

Quote
The new system is just now getting under way, so there is still a back-log of withdrawals that we need to process. Our team is working hard to increase transaction speeds, but there is approximately a two-week back-log we need to overcome. It will take a few weeks to get back to normal, and we thank you for your patience during this time.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
member
Activity: 98
Merit: 10
MT Gox withdraws are back online now, it just may have some positive price pressure on now...

I didn't sell ... glad I held on... even if drops more that's fine it'll be back at some point...

no they arent



I am inclined to not believe low level tech support than a slightly higher level press release.
member
Activity: 84
Merit: 10
supernode
MT Gox withdraws are back online now, it just may have some positive price pressure on now...

I didn't sell ... glad I held on... even if drops more that's fine it'll be back at some point...

no they arent

legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
MT Gox withdraws are back online now, it just may have some positive price pressure on now...

I didn't sell ... glad I held on... even if drops more that's fine it'll be back at some point...
legendary
Activity: 2114
Merit: 1015
I hate to say it but bitcoin will always have one place where it's useful and that keeps the prices above zero.

Also, I'd like to point out that big corporations are really slow at taking decisions. What is more, development of new programmatic structures to introduce bitcoin protocol can take 3-6 months. It's just the third month since the bubble thingy which possibly could have attracted new interested parties. Give it a time of 3 more months to see new companies accepting bitcoin.
full member
Activity: 227
Merit: 100
Im just curious all of you who holding coins knowig that tommorow price will be a X% smaller or even XX% smaller. This is madness...
Who is holding? I'm Byuing Grin
I'm buying when it goes down.
I'm selling when it goes up.
Very basic strategy.
And use basic money management not to risk more that 5% of my portfolio.
I also mine some Grin
sr. member
Activity: 252
Merit: 250
To make money at this game you should do the opposite of what everyone else is doing.  

If they are panic selling, you should be buying.

If they are panic buying, you should selling.  

The price will continue to fall for the next 3-6 months as all these shiny new asics come online.  People will want to dump coins in order to recoup their investment.  After this backlog is eventually cleared, the price will start to rise again as the majority of miners switch back to holding.  

The next 3-6 months will most likely be the lowest the coins will ever go again.  Just wait till they bottom out and scoop some cheap coins up.  If you don't know when that will be then just buy 1 coin every week till it bottoms out.  The effect will be that your entire position will be averaged down to a bit under half of what the normal price.  

Who's to say prices will ever return, if mass adoption continues to evade Bitcoin?  This is the problem everyone wants to ignore.  Over the last couple months, Bitcoin has seen worldwide media attention, yet no major companies have adopted Bitcoin and don't seem to have any intentions of doing so.  I mean, it's not like it's difficult, right?  And it's certainly not because they haven't heard of Bitcoin.

When someone can explain to me how Bitcoin plans to retain value without any real way to use them, maybe I'll be bullish again. But all indicators tell me that, Bitcoin is a sinking ship.  Doesn't matter what miners are using or doing.  Without mass adoption, it's just monopoly money, propped up by speculators.  And please, if you're going to try to spell it out for me, spare me the libertarian, bible thumping fantasies.  I need to hear something with real world substance. 
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Because its not 2011 and I don't want to be a butthurt investor that runs away to come back in 2 years and go damn I wish I was here in 2013 Grin
Accumulation Baby!!!!
sr. member
Activity: 348
Merit: 250
How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?

Pretty easily when it goes to $90 instead of the expected $75

Want take a bet that we hit 70$ first ? Smiley

I fucking hate your avatar. But I have nothing against the real guy.

Also the number of ignores you seem to have tells me much people agree you're an idiot Smiley

Or maybe they dont want to listen the truth ? Smiley
If anybody ever belonged in the BTC-e trollbox, it's you.  It's more than obvious that you sold and simply wish to spread FUD so others will lose while you buy back lower.

The price will continue to fall for the next 3-6 months as all these shiny new asics come online.  People will want to dump coins in order to recoup their investment.
This makes even less sense now than it did back when the block reward was 50 BTC.  As difficulty adjusts, the number of coins generated will be comparable to what it's been since the end of November (roughly 25 every 10 minutes).  The number of people selling freshly minted coins (a small fraction of overall trading) will also be similar to what it's always been because ever since people started spending money on hardware to mine BTC (ie. near the beginning), they've been dumping coins to recoup their investments.

The only thing pushing the price down is fear and speculation.  Since it's indisputable that a volatile market mixed with speculation and emotion is a formula for even more extreme market fluctuation, it's impossible to be sure what the price of BTC will be tomorrow, nevermind 3-6 months from now.
sr. member
Activity: 364
Merit: 250
To make money at this game you should do the opposite of what everyone else is doing. 

If they are panic selling, you should be buying.

If they are panic buying, you should selling. 

The price will continue to fall for the next 3-6 months as all these shiny new asics come online.  People will want to dump coins in order to recoup their investment.  After this backlog is eventually cleared, the price will start to rise again as the majority of miners switch back to holding. 

The next 3-6 months will most likely be the lowest the coins will ever go again.  Just wait till they bottom out and scoop some cheap coins up.  If you don't know when that will be then just buy 1 coin every week till it bottoms out.  The effect will be that your entire position will be averaged down to a bit under half of what the normal price. 
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