Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
empowering
on 02/09/2014, 14:46:30 UTC
Quote from: JayJuanGee on September 02, 2014, 02:37:45 PM
Quote from: empowering on September 02, 2014, 02:32:59 PM
Quote from: JayJuanGee on September 02, 2014, 02:13:21 PM
Quote from: empowering on September 02, 2014, 02:02:36 PM


thanks...

but

I am still unclear

Does this mean that of the funds you have "lost"


25% buying high/hypothetical losses = So this means you have not actually lost anything with this 25% then ? ....yet and you say that part of the 25% was hypothetical i.e trades you could have made if you had perfect prevision?or were trading with hindsight?  (which means that you did not actually lose anything there either?
 
25% bad trading - does this mean that you consistently nipped away at your net worth through bad trades? (did you keep buying high and selling low?) or did you make leveraged losses (or both?)

Also of the money you have lost that only cover 50% how did you lose the other 50%?

Also it does make all of the difference... it is the difference between saying "Bitcoin, will lose you money" and "I made some bad decisions/had bad luck trading Bitcoin" with the latter statement you could replace Bitcoin with "gold, silver, forex, stocks, etc etc i,e any trading instrument"  and with the former, you are making a statement regarding Bitcoin itself.

You make the statement about loss of confidence in the Bitcoin market, is this a personal statement?

Having bought BTC a fair time ago... and held all the way through several previous rallies, and during ath and  continuing to hold today, I would say that my confidence in the Bitcoin market is stronger than ever before... for many obvious reasons...  I for one am experiencing no such loss of confidence...

May I ask have you experience in trading pre Bitcoin? short term trading or mid term trading?



Empowering:  

approximately when did you start buying BTC, and approximately what is your average per BTC buy in cost (including any admin/transaction fees)?  



$75 and under

(though I did buy over that price but only to buy into certain alts here and there) 

(I may consider buying again in low $400 but if not then I am happy with what I have, and I am considering liquidating some of my alts back into BTC)


I am going to attempt to resist developing "BTC buy-in price envy"    Cheesy




It was not totally faultless... I did not buy tons.... I should have acquired many many many more than I actually did under those prices...

Then after early/ mid  last year I ran out of fiat to play with, and some personal reasons had to step back from investing/buying and now I also have other interests that take up my resources and due to various reasons I am not fiat flush atm... though I do have some dry powder for certain scenarios.. if it were not for the other rather pressing responsibilities and concerns I have in other aspects of my life, I would still be a buyer... however for now, I am,  a hodler.... maybe buy the odd dip here and there, depending on what happens with some other things.

I hold a few other coins in some fair numbers.. some of those are a bit daunting to look at.... but I have not lost anything on those yet either.