Topic: Wish I waited before selling (Read 418 times)
it might have been a minor attack but I would guess not. When one happens for real you will first see a big selloff of about 1-3k BTC. Then over the next half hours the price will start creeping downwards and once its dropped perhaps 5% the real DDOS will start and the price will drop another 15% over a few minutes before rebounding back upward. After the rebound there will be massive volatility for (the last time it was) a couple of days before stabilizing again. During this volatility you might be able to trade some but its still highly risky. I wouldnt try it with more than maybe 1-5% of my available bitcoins.
MtGox Ticker is experiencing 1 minute 30 second lag, are they under DDOS attack now?
I understand the feeling, but be aware of the emotional roller coaster that will occur when things go south. I have been in the stock market for nearly two decades and there are good times and bad.....this just happens to be one of the good for BTC. I possess and believe in Bitcoin, but when a market turns, it can make one lose sleep. I don't think we're at that point yet!
Such trades are really hard to get profit from if the trend is going upwards. If you time it for the first couple of days after a major ddos attack on MtGox you might be able to pull it off a few times.
It's always nice buying a load at what you think is a nice price and waking up to a massive increase in price. Happened with my ltc I brought at 65c and went to about $4.
After selling some coins today, the price keeps going up up up, and I'm waiting for it to dip down just a little bit so I can make another 1-2% profit again.
Never played stocks before, but this is fun.
I see on MtGox ticker some people selling 1,000 - 3,000 BitCoins. Thats nearly $450,000! Wish I had that amount to try and make 0.5% - 2.0% profit with, would be a couple thousand dollars a day!
Playing with X amount which is nothing more than I'm willing to lose so its all good.
Never played stocks before, but this is fun.
I see on MtGox ticker some people selling 1,000 - 3,000 BitCoins. Thats nearly $450,000! Wish I had that amount to try and make 0.5% - 2.0% profit with, would be a couple thousand dollars a day!
Playing with X amount which is nothing more than I'm willing to lose so its all good.
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