Quote from: Bazil240 on May 07, 2014, 10:39:38 PM

Quote from: YipYip on May 06, 2014, 09:15:01 PM

Quote from: MatTheCat on May 06, 2014, 12:06:15 PM

Quote from: Bazil240 on May 06, 2014, 05:45:51 AM

I'll assume you're speaking towards me. Not sure if you're insinuating I'm "SMART"? I never said I was smart, quite the contrary, I'm probably pretty dumb when it comes to investing/trading. And yes, what I did appears risky, but it doesn't seem that risky to me. You may have also missed the point where I plan to buy back in if it goes back up instead of down.

Beware of the Bitcoin Nutters on this forum Bazil!!!

They will do nothing but fuck you up!

I remember back around the time when I first came to Bitcoin (also my first real attempts at trading). On the eve of the Dec 17th, I had sold my Bitcoins and had buy-ins at ~$450. Not only was I "a fool for selling" but my "$400 range buy-ins would never happen". "Hell", I was told, "there are so many people queuing up to buy-in the $500-$600 range that Bitcoin was just never going to get close to there". I of course argued my case but doubt creeped in and I raised my buy-in tranches up $100. Bitcoin fell to $380, and due to my naivety in trading I panic sold at $500 taking a large loss (I had large amount of funds in Bitcoin back then).

Beware of the Bitcoin Nutter! He will offer you some of his Kool-Aid! He will demand you drink his Kool-Aid! Whatever you do, don't drink Bitcoin Nutter's Kool Aid!

Ahem....

Here is another DanV YouTube video.

https://www.youtube.com/watch?v=-cwlt-ICoC8

It is 2 hours long. I have just started watching it and am 40 minutes in. Excellent stuff. This is exactly the sort of thing I wished that I had watched back way back when I first came to Bitcoin. If you are going to invest in Bitcoin, this is well worth a couple of hours of your time.

Nigga please ...Look in the mirror for fuck sakes

Your so called sub 300 has not happended so @ this point in time if anything you are the nutter and I am reality ..

The OP HAS taken a high risk strategy... time,patience & resolve is what is needed for profit ...being right or wrong is not the key point in this game

Lol! This made me laugh, just the way you said what you said.

Why do you consider it "high" risk? Do you think $430 is/was the bottom?

Funny thing is that you are not the only one looking at this move at the moment ...here is a post from another thread that outlines it

Also yes 415 support point has been tested again & again & i think the CHina FUD has run its course

So here is a hypothetical.....

What happens if you have a buy in @ 330 and it only hits 331 (this has happned to me on many occasions and to make a point I missed getting filled one time by 0.4 cents Sad )

SO now where are you ...locked in 12 k loss and by the time you scramble to figure out what is going on and IF (big IF ) you are awake or at a terminal when all of this happens you can get a new market order on

1) Locked in 12k loss
2) Misssed getting filled
3) Missed the movement
= HIGH Risk

I think you have a 1 in 3 of this working for you ...On the trade you are talking about it could easily end up costing you 20-25k

The market loves smashing people into the ground

HODL....especially as you have gone through what I see as the worst of the volatility ..but hey to be honest I dont really give a flying fruit cake

I may be wrong or I may be right or neither but essentially that does not matter as the market can & will do anything ..everything is a calculation of risk

WHat is your risk appetite ?