Topic: You guys are doing it wrong ;) - page 2. (Read 3971 times)
I would have no issue making a buy to decrease my average if I knew that bitcoin was on the rise. I made my last buy just a few days ago at $480 and here I sit pissed off at this price of $450. If I'm going to make a buy I really need to hit the true bottom where in the short term I know that the bitcoin will go up and I can make a little money. I haven't made a profitable buy since 2013. Everything I've bought this year has cost me money. So frustrating.
Cost average yourself; if your average cost per coin is higher than $700 right now then buying will make a BIG difference right now.
Worst piece of advice ever. That is almost as bad as telling people to always chase market momentum cos that is the direction in which the market has gone.
He made some bad trades. He has to forget about those and either decide to cut his losses or stick it out, based upon what he believes the fundamentals and technicals are telling him. Right now, they are telling me that Bitcoin has a damn good chance of hitting $200 range. If $400 fails to hold, and especially if $380 is breached, then Bitcoin goes down fkn hard. Before $200 is visited however, I would imagine that some kind of strong rebound of $420 - $380 is a high possibility.
Cost average yourself; if your average cost per coin is higher than $700 right now then buying will make a BIG difference right now.
That cost average is plain bullshit. If a purchase made a loss, watering down with another purchase wont make the loss go away, it will just make it smaller in percents. The amount remains unchanged. 
Cost average yourself; if your average cost per coin is higher than $700 right now then buying will make a BIG difference right now.
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
Why the desperation? Do you have bills to pay or do you just want a quick payoff?
I think it'll be a good while before we're back over $1000 but the weight behind the ecosystem grows daily as do the number of scumbags being cast aside.
Yes I will need to sell within the next few months to pay some bills. I owe the IRS and therefore am going to be behind budget for some time to come. Also need some summer tires. I just need bitcoin to go up within the next few months. I can't wait a year. I'm so desperate. And I'm not as informed as some here. What I don't understand is in October and November we'd see huge drops but just as quickly we'd see huge gains. They all seemed to come pretty close to each other. If it dropped $100 in a day, no problem because within a day or two it'd go right back up and maybe even higher. This time around it's a GRIND. And the only fast movements seem to be down, not up. The only quick rise was that bounce up to around $700 a few weeks back. Other than that it's been very depressing for someone in my position.
If your time frame is the next few months I think the scope for relief is likely to be OK. It's not going to do anything fun for a while but some very exciting developments are rumbling away in the background that'll make everything that went before it look like amateur hour.
If you had to pay your taxes a couple of days from now then it would be time to panic. Is your average cost per coin significantly higher than now or just a bit?
Yes I will need to sell within the next few months to pay some bills. I owe the IRS and therefore am going to be behind budget for some time to come. Also need some summer tires. I just need bitcoin to go up within the next few months. I can't wait a year. I'm so desperate. And I'm not as informed as some here. What I don't understand is in October and November we'd see huge drops but just as quickly we'd see huge gains. They all seemed to come pretty close to each other. If it dropped $100 in a day, no problem because within a day or two it'd go right back up and maybe even higher. This time around it's a GRIND. And the only fast movements seem to be down, not up. The only quick rise was that bounce up to around $700 a few weeks back. Other than that it's been very depressing for someone in my position.
This time some serious things have happened which has caused the price to go down.. china outlawed bitcoins and MT. Gox going down - allthough MT. gox from what i've read has been a dead man walking for a long time - people not able to withdraw their funds etc etc.
Just wait.. i've only been into bitcoin since december (mid december was my first purchase - just before the crash LOL) and from what i've learned, if the price comes down quickly, it will come up quickly. Bitcoin has seen much darker times with the trolls making bitcoin go to very low value back in the day.. bitcoin has overcome these difficulties and the team behind bitcoin and the expansion of btc-related startups seems to indicate that bitcoin, allthough very bearish in short term, will become very bullish again.
And next time: don't invest more than you can afford to loose!
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
I know whats gonna happend, but I thnk its better not to tell you, you might try somethingYou think it's going to zero huh?
Unless the Bitcoin protocol is totally and utterly destroyed by some ridiculously improbable act of God and all the devs mysteriously perish, Bitcoin will not go to zero now.
Hell, I don't even think it is going to go any lower than this really. Just look at what happened last year. Very close to the same pattern. Nothing fundamental has changed at all; we're still in the same pattern of adoption, hype cycles, disasters, etc.
The bubbles, pops, ups, downs... it's natural market movement and not controlled by any one entity. This might sound foolhardy but to me it's like watching a well-potted plant grow, in the greenhouse without any major diseases etc. This is just my opinion but don't worry.
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
Why the desperation? Do you have bills to pay or do you just want a quick payoff?
I think it'll be a good while before we're back over $1000 but the weight behind the ecosystem grows daily as do the number of scumbags being cast aside.
People tend to buy into the hype, and buy when things are overbought thinking of quick profits.. it's not without reason you should not invest more than you can afford to loose - then you avoid making hasty decisions.
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
Why the desperation? Do you have bills to pay or do you just want a quick payoff?
I think it'll be a good while before we're back over $1000 but the weight behind the ecosystem grows daily as do the number of scumbags being cast aside.
Yes I will need to sell within the next few months to pay some bills. I owe the IRS and therefore am going to be behind budget for some time to come. Also need some summer tires. I just need bitcoin to go up within the next few months. I can't wait a year. I'm so desperate. And I'm not as informed as some here. What I don't understand is in October and November we'd see huge drops but just as quickly we'd see huge gains. They all seemed to come pretty close to each other. If it dropped $100 in a day, no problem because within a day or two it'd go right back up and maybe even higher. This time around it's a GRIND. And the only fast movements seem to be down, not up. The only quick rise was that bounce up to around $700 a few weeks back. Other than that it's been very depressing for someone in my position.
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
Why the desperation? Do you have bills to pay or do you just want a quick payoff?
I think it'll be a good while before we're back over $1000 but the weight behind the ecosystem grows daily as do the number of scumbags being cast aside.
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
Some bullish long term targets regardless of bad news recently
EDIT: fixed link
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
after it peaked around 260 last april i saw posts similar to yours. it went down and down, - i had invested when it was around $ 135,- and it went down to the seventies after it. i felt hopeless and saw many hopeless posts.
it went over 1k a few months later.
don´t worry. if it is really bad, it will take 12 - 18 months to recover. i think it will be be back up sooner than that.
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
I know whats gonna happend, but I thnk its better not to tell you, you might try somethingYou think it's going to zero huh?
He's either trolling you or just messing with you. It's not going to zero
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
I know whats gonna happend, but I thnk its better not to tell you, you might try somethingYou think it's going to zero huh?
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
I know whats gonna happend, but I thnk its better not to tell you, you might try something
I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
This should tell you something
Hint... It's called bullish divergence. Until it's neutralized, it is a buy signal
It's even more prevalent on the hourly, and is slightly visible on the daily
Hint... It's called bullish divergence. Until it's neutralized, it is a buy signal
It's even more prevalent on the hourly, and is slightly visible on the daily
I see many new threads of people shorting Bitcoin at current prices. The time to short was on the way down from $800 to $450, this is supposed to be when those shorts are covered! (At least that's what I'm doing). Judging by the sentiment here and the oscillators on the 1day, 3day and 1week scales, the capitulation bottom occurs within 8 days, then it's all green as bears begin the old denial dance, attributing the rise to "whale manipulation"
Careful out there, don't get fleeced by Mr. Market
Careful out there, don't get fleeced by Mr. Market
What oscillators are you using?
Mr. Market's premium oscillators?
I see many new threads of people shorting Bitcoin at current prices. The time to short was on the way down from $800 to $450, this is supposed to be when those shorts are covered! (At least that's what I'm doing). Judging by the sentiment here and the oscillators on the 1day, 3day and 1week scales, the capitulation bottom occurs within 8 days, then it's all green as bears begin the old denial dance, attributing the rise to "whale manipulation"
Careful out there, don't get fleeced by Mr. Market
Careful out there, don't get fleeced by Mr. Market
What oscillators are you using?
I see many new threads of people shorting Bitcoin at current prices. The time to short was on the way down from $800 to $450, this is supposed to be when those shorts are covered! (At least that's what I'm doing). Judging by the sentiment here and the oscillators on the 1day, 3day and 1week scales, the capitulation bottom occurs within 8 days, then it's all green as bears begin the old denial dance, attributing the rise to "whale manipulation"
Careful out there, don't get fleeced by Mr. Market
Careful out there, don't get fleeced by Mr. Market
We are much closer to the bottom than the top.
Why isn't that obvious to more people?
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