Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
suddenly i had this bearish feeling come over me and i sold all my bitcoins.
see you all sub 300 suckers!
see you all sub 300 suckers!
Sometimes a whale sends a spike upwards to trigger all the stop buys before dumping the market into oblivion. Then all the poor traders who's stop buys were triggered panic dump their Bitcoins for a pittance. On the other hand we might be genuinely heading up. However that spike on stamp soon crashed back down.
oh yes we've seen this before.
and there it goes
Fell for it hook line and sinker...
Earlier today, I sold all my Bitcoins and closed my leveraged long positions, expecting a further retest of lows...
All market fundamentals pointed towards a further correction...and then this happened.....and I panic bought....thankfully, only at $338 (I sold earlier at $332), but it is fucking annoying as it is yet another example of me pissing Fiat and BTC all over the floor whenever I try to be smart and beat the market.
After seeing this shite, I now have to make a decision whether I want to just leave what Bitcoins I have left (the ones I haven't lost), or cut my losses, convert to Fiat, and leave Bitcoin out for good.
Some whale entity has the market by the balls. He can do what he likes, and what he likes is everyone elses FIAT. Who wants to play in a market like this and if nobody wants to play in Bitcoinland, then there is no Bitcoinland. This whale does not have Bitcoin's best interests at heart...this is exactly the sort of shit that people see in Shitcoins or penny shares, and think..."gimme a fucking break, I aint touching that"
I didn't actually sell my all my bitcoins... i sold a portion of the BTC profits i recently was lucky enough to make.
usually i HODL with like 90% of my coins, rarely will i actually go and sell >30% of the stash and when i do it's always with the idea of buying back in, and i justify not panic buying back with 2 reasons, one holding dollars isn't the worst thing in the world, and two price is so unbelievably unpredictable there's a good change i would eventually see a profit on whatever trade, had you sold @ 390 2 years ago on during the run up, you could of panicked bought back, or you could simply have waited and bought back at a profit...
strap yourself in for 5-10 years MINIMUM understand that if all goes well you won't need to ever converted to fiat... and have a trading wallet for fun, HODL it like a MOFO, and HODL your trade like a MOFO as well.
your an idiot if you sell everything now and walk away and you know that. Sure this market is special, its on 24/7, some dude in Nigeria could dump 10,000BTC on stamps and buy them all back 20 mins later with 0 paper work filled out, fake walls, free for all, whale eat whale, with no government too big to fail safety net. you really think there's 1 guy pushing bitcoins buttons with 50K BTC? no way in hell,
even if BankCoin wins the war bitcoin will always be highly sought after, if for nothing else then a collectors item, and when crypto rules the world, bitcoins value is FOR SURE > then infinite fiat dollars.
Buy or die.