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

Quote from: podyx on December 16, 2014, 07:26:48 PM

Really looks like that bitcoin failed as an experiment

For people like you who leverage 20x and take loans to buy BTC chasing their Hopium? Yes. For investors and traders, not so much IMO.

If you want a casino, you should go to an actual casino, or maybe try Ripple I guess.

Quote from: tarmi on December 16, 2014, 07:27:58 PM

Quote from: Blitz on December 16, 2014, 07:21:33 PM

Quote from: tarmi on December 16, 2014, 07:14:51 PM

care to explain how someone can do stupid things regardless of what happens next?

I cannot believe you do not understand this: It is stupid to increase your slippage cost, reduce your execution chances and increase your counter-party exposure by selling only on one single exchange. It does not matter what followed after. And in his case, the price actually rose for months afterwards, and he sold at the bottom. Had he had a modicum of sense execution wise and technicals wise, he'd have done much better.

Also, I don't believe he has another 30k because the way he sold showed that he was in a rush, for whatever reason. I'm sure you agree.

you didnt answer my question really and again are questioning his trading methods.

but you said that he was stupid to sell regardless of what happens next and I am asking to you what happens if price crashes to sub 100?

But I am questioning his execution (methods) primarily. He was unsophisticated on that front. Thus, I infer from his trading inexperience that the most likely reason for his rush was just panic. And of course when you act on emotional signals, you have a good chance of picking a bad time to sell, like he did. If the price goes double digits, it'll still have been bad execution and bad timing at that point in time. Maybe you disagree. Then I agree to disagree. Cheesy