Quote from: billyjoeallen on December 29, 2015, 12:32:57 AM

Quote from: JayJuanGee on December 29, 2015, 12:17:05 AM

Quote from: billyjoeallen on December 28, 2015, 11:52:14 PM

Quote from: JayJuanGee on December 28, 2015, 08:48:44 PM

Quote from: billyjoeallen on December 28, 2015, 07:26:04 PM

Quote from: toinew on December 28, 2015, 07:22:33 PM

Quote from: billyjoeallen on December 28, 2015, 07:20:24 PM

3K bidwall on BFX

EDIT: Aaaand it's gone.

lasted less than 1 minute, and someone sold 800 bitcoin to that wall. What do you think about this kind of trick ?

Looks like it backfired. Someone trying to push the price up or hold it up in a futile effort to keep the 1 HR moving average green.

Nobody's buying my coins retail. I have to keep lowering my premium and they still don't move.

You are a fucking liar in this post. You had plenty opportunity to sell your coins in the upper $420s in the past 12 hours or so, if you really wanted to sell your coins, and if you have any to sell.

The only reason you wouldn't be able to sell you coins is that you would have been attempting to sell them at a 1% or more above retail, and farting around with your price, as to never get them to sell.

So, yes, sincerity is important, when you are spinning such bullshit... regarding supposedly what you have been attempting to accomplish, but supposedly unable to accomplish.

Ok, let me explain to you how this works: I have a couple of coins that I sell retail. When I do, I take some of the cash I have sitting on the exchange and I rebuy the same amount I sell, thereby reducing the amount of fiat at BFX that is at risk of vanishing if the exchange goes gox while keeping my exposure to price changes neutral except for the coins I am using to ferry out my cash.

I don't care if the price goes up or down. If it goes down far enough, I can buy with the cash I have on the exchange. If it goes up a little, I sell one or two coins at a time and rebuy with the same pile of cash. If it keeps going up and this becomes the next great bull market, I'll keep selling until my trading cash is exhausted and then I'll start selling my cold storage coins. I'll sell those until I run out and then you'll probably not hear from me again.

However if, as I suspect, this whole rally above the $300 range is a bulltrap that will end in fullblocalypse, then there will be some real bargains in the future and hodlers are going to miss an opportunity. You had better hope that doesn't happen because then this thread will get rather more sympathetic to my viewpoint.

I don't mind if members of the thread get sympathetic to your viewpoint as long as you are not just making things up.

I certainly don't know how prices or the scaling blockchain is going to work out in terms of market dynamics, but it does seem likely that you will not be going away soon. I mean, it sounds like the best case scenario for you going away would be if the price gradually went up and you cashed out, but historically, it seems that nothing is really gradual in bitcoin, and I really have my doubts that you would be good for your word and really leave bitcoin, in that best case scenario.

in other words, your an addict, admit it... Cheesy

I never denied it, but I am reducing my exposure and will continue to do so until the scaling issue is resolved or until I run out of coins, whichever comes first. I used to think that all I had to do was wait for the halving, but it is fairly clear that we'll get full blocks before then, and so the future is unknown. Anyone not in a position to wait until we have a better idea how this plays out is likely to make some bad trades.

Well, that's a fair enough personal assessment, and if you put your money where your mouth is, then surely, you will be able to reduce your exposure over the coming months.

I personally believe that there is not any major need to reduce exposure, but each of us will need to decide based on our own personal situation and the totality of our various investments... At this point I anticipate continuing to accumulate BTC for quite some time ...

But, i certainly agree with the concept of rebalancing the totality of your holdings... so for example, if your average price is below $100 (or even below $20), and the price went from $250 to $500, you may feel it's a good idea to cash out some if not all of those coins.