Quote from: Yololintian on March 05, 2014, 03:40:51 AM

Quote from: shmadz on March 05, 2014, 03:19:24 AM

Quote from: MatTheCat on March 05, 2014, 02:27:42 AM

Quote from: shmadz on March 05, 2014, 01:37:59 AM

I appreciate that you use the term HOLDER instead of HODLER, which I assume to mean you are bullish in the short/medium/long term and willing to take some amount of additional risk, but not religiously married to your position.

If this is the case, you must have an exit plan on both the top side and the bottom.

Would you care to share?

How much difference a day makes. I was holding panic bought $618 coins, but woke up today and decided that Bitcoin was going to retrace.....and dumped my coins.

So much for HOLDING.

But aside from that, yep, I am generally bullish. I have staggered buy-ins between $580 - $630. If these orders drop, then depending on how things shape up, I may just consider holding onto those through thick n thin, perhaps only dropping them at clear parabolic blow-offs as and when they come along. It seems that I am good at gauging trends, but tend to cut my own throat when it comes to trading. i.e. a big pile of coin bought at $480 BTC that I sold at $550 (2 minutes before 6K of buying pushed Bitcoin to $570), followed by a mixed bag of good n shit trades (but mostly shit). Had I just held, then I would have a great big cheesey grin on my face just now and have endured none of the headaches and 5 times the profits....of course, all very well saying that with hindsight.

In short, I have no plans or strategies but unlike the whole of Dec, Jan, and Feb, I just no longer feel any great fear towards Bitcoin. At this point in time, I feel from here out Bitcoin is generally a good bet, give or take the odd $100 negative/positive swing or two. I don't buy any of the persisting scare stories of macro down trends still being in place and lower lows being just around the corner for Bitcoin. For me, the bottom has happened (for now) and the reversal is in the process of defining itself.

Excellent news. Thank you.

about that part I bolded.

I had the same feeling when we hit 450 in december. I thought that was the bottom and we'd never see it again. but we did.

I would not be surprised to see it again for a third time (well, technically a fourth time as it's kinda the same range as the pull-back on the run-up in november as well.)

*note, I'm using the 12hr virtex CAD chart on wisdom. draw a line on stamp at 400 and you see pretty much the same thing.

We'll only get there again with bad news. There's plenty of bad things that can happen in bitcoinland though, so its not unlikely.

Or good news, if you believe the Ukraine theory (which I don't entirely).
Putin goes in like Rambo, gets a few bare-chested shots of himself waving a Kalashnikov, woo the Russians love him. Then instead of sealing the deal, he starts talks and appears all reasonable with the West and everything goes back to normal. Happened with S. Ossetia a while back, probably with Crimea too. Much like N. Korea but Russia has one hand on our gas taps and the other on the red button, so instead of any real action we make the symbolic gesture of not going to the Sochi Paralympics.
And bitcoin goes back to normal?