Quote from: Spekulatius on April 24, 2013, 11:48:25 PM

Quote from: Miz4r on April 24, 2013, 09:36:13 PM

I made a little profit today by selling at $160, but I'm not really a good daytrader because I bought back in at $155 already. I just play too much on the safe side and am afraid to miss the boat even though my intuition is usually correct. Still the call to sell was good, just have to have the balls to set lower bid orders during the next correction.

I did that alot during last years continoues rise. It mostly didnt work, because Bitcoin just didnt want to go down!
So I missed the boat a couple of times and ma, had I just kept the initial amount I bought at first I would so much more Bitcoin in my wallet right now, its ridiculous (and thats probably mispspelled!).

So right now I just hold on to my coins, dont mind those little dips and try to sell on the top or dead cat bounce of this bubble's next top because I know it will go up till the next bubble bursts, then head down for a while.
Thats what I call playing "safe" right now, because this market is just too unpredictable to make a steady profit otherwise.

+1 this. "Day trading" off the volatility is intelligent gambling at best. For every person whose "gut was right" and made money there's someone who got it wrong. And even though the winners will disagree, it was all just mostly luck riding the random walk.

If you believe in bitcoin, then just hold into your coins. And to lock in profits just selling into the strength from time to time.