Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
it is a tough thread to keep up with, you got an avatar, you get a pass
How do I get an avatar?
you had to have one uploaded before the hack
What hack? And, are we gonna get the feature back... I mean, I would like to have my own personal avatar.
As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 
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.
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.
Surely we are all making estimates about what to do based on our information and knowledge.. .and sometimes based on what others say.
In my thinking it is pretty unlikely that you are fucked at that $685 buy-in price, unless you sell and lock in your losses then you would be fucked. My average buy in price is around that same amount and I am NOT worried (but I only have invested about half that amount, so far, and my investments are diversified.... into other things as well.... so I am prepared to lose all, if things were to go too sour).
Anyhow, I am buying more BTC if the price goes into the $500s, which may be soon... but I only buy in small increments.. maybe 1 BTC at a time, or less. if the price goes lower, I will buy more.. but I also have a buy budget... only a certain amount at a time.
I'm NOT selling or considering selling based on the news that I have NOW in front of me (unless I know for sure the price is going further down by like 10% from my sell, then I may attempt to increase my holdings buy buying back in at the lower price). At this time, I expect that if I were to sell, then the price would reverse and start to go back up.
Also, I expect within a week or so, we should be back into the upper 600s... and within a couple of weeks.. maybe stretching out into the 1 month time frame we should be between 750 and 850 area....
Of course, I could be wrong... and that wouldn't be the first time... .. so we each need to go with our gut and our risk profile and our current diversification of investments to make our decisions.
I know, normaly I would not panic because I bought in november for 14k @780 and was chilled all the time. But now I´m only worried becaude of these hundrets of thousands of Bitcoin movements from the wallets since yesterday. So I was a bit in panic mode.
Are you an ALL or NOTHING kind of investor?
Personally, I would become too stressed, if I were to put too much fiat at any one price.
Surely, I have been somewhat nervous that I began investing in BTC at its peak... in late November at $1200, but I am very glad that I currently have brought down my BTC buy in average to a little below $700... but I started during a rush up in prices... and I wanted to get in to get started... and in November I bought 1.24 BTC for $1500 or something like that.... got my feet wet and bought little by little, thereafter. ...
Now I have about 36 BTC.. something like that.... And, like I said, if we get into the $500s, again, I will buy a little more BTC.. I get a bit nervous when the price is dropping b/c the value of my whole BTC holdings are dropping and also I get nervous b/c I am NOT sure what my next BTC buy point should be... I would like to purchase for as cheap as possible.. but I do NOT want to miss the boat, if the price dips and then raises again.. That's somewhat an individual guestimate.. and sometimes I will get a bit spontaneous and buy a little here and there just to make sure I get some. I'm thinking 1 BTC at $580... and then if it goes below $550 to buy another and then $530 buy a couple more... that would pretty much max out my March buying limit.