Buying bitcoins

drunkmonkey · 05-02-2018 08:38PM

millhouse wrote: »

€6k is realistic. Is it now time to bail or time to buy

Wait for the panic selling to stop. Don't try and catch a falling knife. It'll level at the bottom before it picks it's next direction. There's no sign of a bottom yet.

EagererBeaver · 05-02-2018 08:44PM

****ing hell this is grim. A few weeks ago I was up €5k. I'm about to go net negative.

05-02-2018 08:56PM

Looking likely to be below 6k shortly

WhiteMemento9 · 05-02-2018 09:04PM

https://www.youtube.com/watch?v=UcZzlPGnKdU

Anthracite · 05-02-2018 09:09PM

Here's the thing: I've been expecting a total wipeout for ages, but I honestly don't think this is the big one. I can see it coming back again...but I've been wrong before. Which is why I'm not selling my almost free stake yet.

WhiteMemento9 · 05-02-2018 09:32PM

WOW! :eek:

Tinder Surprise · 05-02-2018 09:39PM

WhiteMemento9 wrote: »

WOW! :eek:

Tis mad Ted!

the_syco · 05-02-2018 10:11PM

Anthracite wrote: »

Which is why I'm not selling my almost free stake yet.

Going to wait a bit yet before I buy some.

Thargor · 05-02-2018 10:14PM

Anthracite wrote: »

Which is why I'm not selling my almost free stake yet.

Hes such a crypto-genius he didnt even have to pay for his coins Ted...

Anthracite · 05-02-2018 10:32PM

Thargor wrote: »

Hes such a crypto-genius he didnt even have to pay for his coins Ted...

Unfortunately I had to pay good money for them, but when the price quadrupled I sold off a quarter of my stake.

Speculative 'investing' 101. Sure I wouldn't be in the same league as crypto-geniuses like yourself.

Still annoyed I didn't sell more, or later, but the golden rule of bubbles is that almost nobody manages to sell at the top.

Thargor · 05-02-2018 10:35PM

Course you did mate, course you did.

Anthracite · 05-02-2018 10:51PM

Thargor wrote: »

Course you did mate, course you did.

Believe what you like, but I think it's telling that you find such basic risk management surprising.

WhiteMemento9 · 05-02-2018 11:09PM

https://twitter.com/IOHK_Charles/status/960636265962942465

Anthracite · 05-02-2018 11:13PM

It would be a major step towards maturity if the SEC gets involved. Hopefully winnow out most of the obvious con ICOs, and/or punish those involved. What's left will be vastly more investible.

Thargor · 05-02-2018 11:21PM

Anthracite wrote: »

Believe what you like, but I think it's telling that you find such basic risk management surprising.

Whats telling is the way irritating know it alls like you crawl out from under their rocks during a downturn to tell us how clever they are in every thread then magically disappear when new all time highs are inevitably being set again, predictable as the tides.

asteroids over berlin · 05-02-2018 11:23PM

WhiteMemento9 wrote: »

https://twitter.com/IOHK_Charles/status/960636265962942465

I thought this was rescheduled to mid February?

asteroids over berlin · 05-02-2018 11:25PM

everybody still grim, panic laden? Just bought another couple of bitcoin, lots of Icon, bit more Lisk, lots of Vertcoin - bring on the dip. Vechain anyone?

Anthracite · 05-02-2018 11:51PM

Thargor wrote: »

Whats telling is the way irritating know it alls like you crawl out from under their rocks during a downturn to tell us how clever they are in every thread then magically disappear when new all time highs are inevitably being set again, predictable as the tides.

I'm not sure I understand you. What is irritating you? Can you not do the same as I did and sell to cover what you've spent? If you can, it might be worth considering as you can then watch the market with a fair degree of equanimity. Fair enough, your 'winnings' won't be as big if your ship comes in, but your losses will be negligible if it goes tango uniform.

The key to investing is keeping an emotional distance from it.

rapul · 05-02-2018 11:54PM

asteroids over berlin wrote: »

everybody still grim, panic laden? Just bought another couple of bitcoin, lots of Icon, bit more Lisk, lots of Vertcoin - bring on the dip. Vechain anyone?

I'm good mate bought a load of Vechain earlier myself,glad to get them close to 3 Euro to be honest

Thargor · 06-02-2018 12:06AM

Anthracite wrote: »

I'm not sure I understand you. What is irritating you? Can you not do the same as I did and sell to cover what you've spent? If you can, it might be worth considering as you can then watch the market with a fair degree of equanimity. Fair enough, your 'winnings' won't be as big if your ship comes in, but your losses will be negligible if it goes tango uniform.

The key to investing is keeping an emotional distance from it.

Wow thanks for your profound insight again Mr Buffet, where were we before you showed up with these fresh new ideas? :rolleyes:

Anthracite · 06-02-2018 12:10AM

Thargor wrote: »

Wow thanks for your profound insight again Mr Buffet, where were we before you showed up with these fresh new ideas? :rolleyes:

It's still not clear to me why my approach to gambling on crypto is so annoying to you. I suggest you ease off on the personal abuse and focus on the content.

99 Bortles of Beer · 06-02-2018 12:11AM

WhiteMemento9 wrote: »

https://twitter.com/IOHK_Charles/status/960636265962942465

Charles is the hero we need, but not the one we deserve.

Thargor · 06-02-2018 12:20AM

Anthracite wrote: »

It's still not clear to me why my approach to gambling on crypto is so annoying to you. I suggest you ease off on the personal abuse and focus on the content.

No you're confused, Im saying you're annoying, I dont care about your "strategy" in the slightest.

WhiteMemento9 · 06-02-2018 04:40AM

Thank **** I didn't dip in again on that false recovery. Sub $6k looks likely soon enough.

06-02-2018 07:49AM

Thargor wrote: »

No you're confused, Im saying you're annoying, I dont care about your "strategy" in the slightest.

In fairness, its not a complicated strategy. Skim off profits when you can. It's pretty basic. I think you are over reacting.

pro_gnostic_8 · 06-02-2018 08:54AM

asteroids over berlin wrote: »

everybody still grim, panic laden? Just bought another couple of bitcoin, lots of Icon, bit more Lisk, lots of Vertcoin - bring on the dip.

It's a dip only if it goes back up. This is not just a dip -- it's a drop of epic proportions. It's the sound of a bubble bursting. It is a majorly concerning event when something drops by 70% in a month. And a burst bubble is usually followed by a prolonged period of bearish stagnancy. It is realistically hard to see Bitcoin repeating the December highs of $18K .............. in the near future at any rate.

Please don't see this as FUDSTER-ism. I still have great regard for the tech and potential of crypto. I've been in Bitcoin since 1913; got out of it last November as documented in posts on here at the time. I have buy-back-ins booked at a price of $2,500.

Y'all be careful out there in these volatile times.

SteelyDanJalapeno · 06-02-2018 08:59AM

pro_gnostic_8 wrote: »

It's a dip only if it goes back up. This is not just a dip -- it's a drop of epic proportions. It's the sound of a bubble bursting. It is a majorly concerning event when something drops by 70% in a month. And a burst bubble is usually followed by a prolonged period of bearish stagnancy. It is realistically hard to see Bitcoin repeating the December highs of $18K .............. in the near future at any rate.

Please don't see this as FUDSTER-ism. I still have great regard for the tech and potential of crypto. I've been in Bitcoin since 1913; got out of it last November as documented in posts on here at the time. I have buy-back-ins booked at a price of $2,500.

Y'all be careful out there in these volatile times.

F*ck me, 1913? Talk about getting in at the ground

soirish · 06-02-2018 09:00AM

When it falls more after you bought the dip

pro_gnostic_8 · 06-02-2018 09:15AM

SteelyDanJalapeno wrote: »

F*ck me, 1913? Talk about getting in at the ground

Maybe, but I didn't get rich out of being "in" early !

(Bought fifty BTC at $30 each -- sold them shortly afterwards at $100 each. Two months later, the price reached $1,100. Weak hands !).

jasper100 · 06-02-2018 10:02AM

Thargor wrote: »

Whats telling is the way irritating know it alls like you crawl out from under their rocks during a downturn to tell us how clever they are in every thread then magically disappear when new all time highs are inevitably being set again, predictable as the tides.

Do you honestly believe another generation of suckers are going to come along and buy this useless entity above $20000?

Buying bitcoins

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