Strategy.
Listen. When the price was going up, I was selling. I paced myself - a little at a time, make it so I'd never quite run out, &c.
But because I did that, I can hold as the price falls - even buy as the price falls - and still know that I'm making a profit compared to the last time we were at this pricepoint.
Sure, if I'm 100% certain that the price will move a particular way, it'd make sense to make a big trade on that certainty. The unemotional part of me feels pretty sure that the USD/BTC rate will keep falling. But I know from experience that I'm piss poor at actually knowing how the market will move. I'd rather trade on a mathematically sound system - even when it suggests weird things in the short-term - than trade on my hunches - even when they seem good in the short-term.
Topic: Why people holding their coins when the price is going down for sure... - page 3. (Read 4087 times)
July 03, 2013, 10:48:43 AM
July 03, 2013, 09:53:15 AM
I am holding my coins so that I can keep my investment in VTX on http://havelockinvestments.com. Buying shares in a company like that is sort of like selling my coins as the price goes down the value of the shares should go up. Yet I still get to stay in the BTC economy and VTX should have some very big news about their new merchent API that should send the shares flying so double yay for me.
During the bubble I was unable to sell my coins as I had them all tied up in a number of mining funds. I have since been able to more then double the amount of coins I had so I will simply need to sit on all of them until the next price rise. No way I am selling this low when I have no idea when the next rally could start for whatever reasons.
Staying in the btc economy and finding other ways to grow your coins is much more fun and rewarding then attempting to day trade and having to pay taxes on all your trades. As long as you believe in the long term growth of btc that is.
During the bubble I was unable to sell my coins as I had them all tied up in a number of mining funds. I have since been able to more then double the amount of coins I had so I will simply need to sit on all of them until the next price rise. No way I am selling this low when I have no idea when the next rally could start for whatever reasons.
Staying in the btc economy and finding other ways to grow your coins is much more fun and rewarding then attempting to day trade and having to pay taxes on all your trades. As long as you believe in the long term growth of btc that is.
July 03, 2013, 09:43:43 AM
Deflation is power!
P.s. never thought I'd say that someday.
P.s. never thought I'd say that someday.
July 03, 2013, 09:42:21 AM
You seem devoted to trying to make the very small amount of people who actually take the speculation forum serious to sell lol
July 03, 2013, 09:41:39 AM
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 $75
July 03, 2013, 09:40:38 AM
How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?
How can you increase your BTC by selling at 85$ and buying back at 95$ ?
Your argument only works if BTC does go down, but BTC is unpredictable, so you could profit from it, or lose from it. As someone else in the thread said earlier, for someone to win some, someone loses some.
July 03, 2013, 09:36:49 AM
How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?
July 03, 2013, 09:35:33 AM
I don't sell my long term holdings when the price goes down because I already committed to myself that I would hold them for at least 10 years, no matter what.
That way I don't sweat the price fluctuations as I'm betting on bitcoins being worth a lot *permanently* (not just a brief bubble peak) at some point in the future.
Sure I could increase my bitcoins by correctly playing the market, but I could just as easily decrease them if played incorrectly; not worth the risk, I'll just sit on what I have and wait...wait...wait...
That way I don't sweat the price fluctuations as I'm betting on bitcoins being worth a lot *permanently* (not just a brief bubble peak) at some point in the future.
Sure I could increase my bitcoins by correctly playing the market, but I could just as easily decrease them if played incorrectly; not worth the risk, I'll just sit on what I have and wait...wait...wait...
July 03, 2013, 09:12:53 AM
even if you miss bottom you will have more bitcoins than now 
so its pure profit. If you know next weeek price will be 70$ per btc will you still hold bitcoins ?
so its pure profit. If you know next weeek price will be 70$ per btc will you still hold bitcoins ? July 03, 2013, 09:09:15 AM
It sounds simple to sell while it is falling and rebuy at the bottom. But in practice predicting bottom is very hard. And if you miss it you are screwed (aka bear trap). This is why some people who believe it will rebound may prefer to hold.
Also when downward trend become more visible, people who hold now may decide to sell eventually.
Also when downward trend become more visible, people who hold now may decide to sell eventually.
July 03, 2013, 08:52:43 AM
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...
Problem is putting them on any exchange is a risk in itself. They may suddenly go missing. 
July 03, 2013, 08:52:25 AM
People are holding because they are thinking more long term. Instead of selling for a loss now and regretting missing out on the next bubble, they are just simply going to wait out the storm.
July 03, 2013, 08:49:20 AM
July 03, 2013, 08:47:15 AM
And people are selling their coins because it's going down!
Only stupid panic sellers.
Yup, but they are the one driving the price down...
A lot of people are losing hope that Bitcoin will rise soon. A lot are cashing their profit before turning in the red. And a lot are thinking exactly like this thread's title. They are not pessimist, just realist. Nothing it holding Bitcoin apart from speculation. Until there's important good news that there will be a real economy for Bitcoins, then it's still pretty "virtual" for most people.
The storm has to pass, and market has to calm down. Prices will rise eventually, but it will be another day.
July 03, 2013, 08:45:54 AM
This ?
holding-like-a-retard.png
holding-like-a-retard.png
July 03, 2013, 08:44:28 AM
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...
Because I don't listen to RPers
Also because I don't hold any BTC. LTC is the way to go. Atleast for now.
July 03, 2013, 08:42:27 AM
Do you think if people will start selling coins, price will go up?
lol
lol
Price is going nowhere but down
It's going down because peoples are selling their coins.
And people are selling their coins because it's going down!
Only stupid panic sellers.
And wise one oracles are holding when the price might hit 30-50$
July 03, 2013, 08:41:20 AM
Do you think if people will start selling coins, price will go up?
lol
lol
Price is going nowhere but down
It's going down because peoples are selling their coins.
And people are selling their coins because it's going down!
Only stupid panic sellers.
July 03, 2013, 08:38:52 AM
That's a good indication/prediction
Posted in another thread... Thanks to the original poster
Posted in another thread... Thanks to the original poster
July 03, 2013, 08:37:03 AM
They refuse to believe that we have undergone a bubble and that it's deflating.
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