Quote from: gentlemand on January 15, 2015, 01:40:50 AM

Quote from: drbrock on January 15, 2015, 01:39:59 AM

Damn Im new to all this btc/trading stuff!!! whats a bull-trap? please go easy Im new lol
I am proud owner of 2.5btc - been buying incrementally over past month or so.

Am I a fool???

A bull trap is an upwards price movement that fools people into buying in before another fall.

Cheers yo, so how do the "bulls" do this? by stopping selling for a bit and then dumping again? sorry for what are probably basic trading questions. Economics is not my background until last 6 yrs or so when I started looking into banking and money creation.
I guess if anything bitcoin has got me to learn about economics... admittedly still only started Sad

Quote from: 79b79aa8d5047da6d3XX on January 15, 2015, 01:45:29 AM

Quote from: drbrock on January 15, 2015, 01:39:59 AM

Damn Im new to all this btc/trading stuff!!! whats a bull-trap? please go easy Im new lol
I am proud owner of 2.5btc - been buying incrementally over past month or so.

Am I a fool???

You are doing better than anyone who got in in 2014. Now be conservative, don't get into anything you don't understand, do not go in too deep.

Thanx man, yeah Ive read a LOT about the technology itself (Im good with computers but never really traded/economics) and have also read Satoshi's white paper. done the usual research got some hot/cold, paper and brain wallets. I ai'nt super-rich or Id be on a beach somewhere so just investing little bits that I can afford and f it all goes to shit then let it be. No big deal.

Feel like I missed the train in 2010/2011 damn