Quote from: Solarstorm75 on March 17, 2014, 09:25:49 PM

How long does it take to buy back? Hm?

1 day. It takes one day for me to shift funds from my EUR bank account back onto Bitstamp. But I doubt I will be in much of a hurry when I do put a decent amount of cash back on the exchange.

Quote from: seleme on March 17, 2014, 09:34:35 PM

In fact, he, I can't be more humble than this, just lacks the balls, his are like peanuts and he'd rather not lose 100$ than make 5 000$. That's why he barely made any money from Bitcoin despite being around when it was at single digits, you really need to be a Special One (and I don't mean Mourinho type Special One) to manage that. And he is very, very frustrated about it, I can understand that though Cheesy

How much did you make from the precious metals run up? Did you buy in early 2000's, or didn't you have the balls?

Me? I never had neither the cash or the investment mentality in the early 2000s. By 2010, I still lacked the investment mentality, but I did have the capital and I certainly bought into all the Silver Stacker and Gold Bug hype and fairy stories with big bad central banker arch villians n shit. Because I bought into all the flawed paradigms in much the same way as Bitcoin Nutter does, I failed to take profits at the top of the PMs markets, or even recognise that the tops were in and it was gonna be a long and painfully slow bearish consolidation period for the next 3 years.

Actually, it only in the last 3 months that I have began to learn how to think like an investor and my education has been frantically jumping onboard a parabolic Bitcoin juggernaut and actually making a good bit of money without having the slightest fucking clue about what I was doing or even how to read the simplest of chart indicators, and then listening to my gut instincts and jumping off with 90% profits still intact before this sucker went down. Any fool can make money in an expanding market. In a retracting market, by its very definition, most people lose money, so simply breaking even in a declining market means that someone is doing better than your average Joe. And actually, I continued to make money, although knowhere near as much as during the bull run.

In my limited experience, being a good trader is as much about having good instinct as anything else. Anyone can draw any set of lines on any given financial chart and start making bullish/bearish cases left right and centre. It is the instinct of the individual that sorts out the grain from the chaff. I have discovered that my instinct towards Bitcoin has generally served me very well, even if my reasoning and logic often has not. I have been bearish pretty much since the eve of the big tumble down, with little bullish stints here n there in between. My most recent bullish sentiments occurred right in aftermath of $400 crash. I knew I was bullish but my logic told me that surely there needed to be a retest of the lows, but it never did come to pass, yet. So one whale came to market and panic bought the market up to $710. In the $600 ranging aftermath of that, I remained 'bullish' in theory but with a creeping sense of doubt which has grown to represent my current Bitcoin instinctive sentiment. Holding Bitcoin long, from here into the medium term is for me, simply going to be a high risk means of slowly losing purchasing power. Leveraged long/short trading of Bitcoin is also out of the question in a stagnant market, with any significant movement likely to be coming from exchange insiders looking to squeeze out margin traders' USD into their pockets, as we have arguably witnessed over the past week or so.

Bitcoin for now, is a must leave asset class and failing some sort of isolated economic crisis that has a certain proportion of the victim populace rushing into Bitcoin in order to shift funds around, is likely to remain so for some time yet, at least as far as Bitcoin time frames are concerned.