Quote from: zerokwel on July 05, 2011, 05:37:19 PM

Quote from: Swishercutter on July 05, 2011, 04:58:03 PM

Quote from: zerokwel on July 05, 2011, 04:54:14 PM

Quote from: supersonic3974 on July 05, 2011, 04:40:01 PM

Quote from: Bitcoincrazy on July 05, 2011, 02:50:58 PM

Well I bought in at 16.10 and just sold at 13.00 after mtgox kept going down, now the price is very unstable got to 12.50 now it's at 13.00

You only lose money trading if you sell lower than you buy. The only exception to this is if a company goes bankrupt or the price never recovers. This goes for any market.

If the price drops below what you bought it for, just WAIT.

yea if the price drops I normally buy some more depending on how much of a risk. that way it it has to go up less to make yourself come out even.

anyway 12.40 is around my magic number.

That is what I was always taught by people who actually end up making money...panic sellers are the same ones who tell you not to invest ever.

Agree. Don't invest what you cannot afford to loose. And be ready to take risks and hopefully mine has just paid off. Sold at 17odd bought at 12.40 was hoping it would go lower but its at 12.70 now.

I know what my next sell point is at lets see if it goes that high... Hmm wonder if any miners are panic selling hardware.

There are always (supposed) miners panic selling equipment...I never see any reasonable prices. It's always "...I want out now (but I want ebay new prices for my used cards) bitcoin is failing, I am getting out while I can (but pay me top dollar)..."

It's pretty clear by viewing the market depth what the real market value is ($14+)...but there are a few hundred btc keeping the "last sold" price down. If I had the money that is how I would control the market also...make people panic and buy more.