Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" Cheesy

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

You're not fucked forever, the price will go back up. Give it time

if you absolutely panic and think you misinvested and want to sell lower than bought, i have a good way to handle it for you.

1) check the charts. realize how much you have lost already
2) calculate how much more it will cost you when it keeps going down like this
3) read the wall observer thread ignoring everyone except stolfi, kkaspar, fonzi and like
4) upon growing panic decide to act NOW
5) imagine you sell all your coins in one swap - BUT IN REALITY ONLY SELL ONE COIN
6) since you have sold now after experiencing real panic, price will start to rise now
7) congratulations you have hit a daily low to sell
Cool

if panic persists, try it with 5 coins...

It's actually simple.. only buy when there is solid momentum going up. And don't cry if it goes up without you buying. When the price goes up without having any reason to go up, then crying about it is like passing the roulette table and crying "I should of called red, then I could have won". It's better to keep the amount of money you have, then to lose the amount you have. Never make a bet when there are only slightly good chances of winning. Be patient and wait for opportunities that are better then just slightly good. Don't be illusioned that there won't be any more chances.. there will always be new opportunities. This is smart gambling.