Quote from: jzcjca00 on March 29, 2013, 02:02:51 AM

Quote from: notme on March 29, 2013, 01:39:58 AM

Quote from: jzcjca00 on March 29, 2013, 01:34:55 AM

Who is with me?

Not me. I've already done my share of selling without being able to rebuy.

What do you mean, "selling without being able to rebuy?" What stops you from re-buying?

These flash crashes keep happening, one or more every week. If you sold, then you have cash, so you can place limit buy orders. If you keep a limit order at 10% below the all time high, you automatically get bought back in at the next flash crash. What stops you from doing that?

Or are you trying to time the bottom, and then keep getting locked out by the Mt.Gox lags? The solution is to forget about trying to catch the falling knife. Instead, be content to automatically buy at 10% below the all time high, ride it back to a new peak, then repeat.

Sure, you could theoretically make more if you could time the bottom right, and not get locked out of trading my the Mt.Gox lags. But neither of those is possible.

This strategy maximizes your long-term profit by helping to stabilize the market.

I'm not trying to time the bottom. I'm not day trading this time around. I was here in 2011 and even selling at an all time high 2 dollars higher than it was an hour ago could end up with you chasing the train. I'm happy with my bitcoin profits as it is. There is no need to take extra risk for a few extra percent, and I have much less stress.