The Bitcoin Thread

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Zulfi said:
dude your optimism just amazes me! always refreshing
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What can I say, I'm a glass is overflowing kinda guy... seriously though, oh noes, the prices are the same as they were 2 months ago, we're doomed, all is lost, aaaahhhhhh... yeah, long hodl is always best for your sanity, no lambos over night(which is what I suspect many new comers expected), as I've said many times, best is to just buy and forget about it, check again in a few years. This has happened multiple times before, and will happen multiple times this year too
 
Mr.Ree said:
Last month I had a buy order in for 25K @ R120 000.00 and I thought I’m being foolish.. I put it up to R155000.00 and thought it’s a good idea.

Buy order went through and I was like hell yeah! And now I’m just like what the hell
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Just a tip. Never commit your full available funds at any specific price point. Spread them out. Exactly for instances like these.
 
balrog said:
Just a tip. Never commit your full available funds at any specific price point. Spread them out. Exactly for instances like these.
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Those are wise words I swear.. had I have known I would encounter this predicament, I would have done such.. but every moment is a learning moment
 
balrog said:
Just a tip. Never commit your full available funds at any specific price point. Spread them out. Exactly for instances like these.
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Yeah I always go half-in or 1/3 in when trading. So if the market suddenly moves in the opposite direction I can hold and still trade with the remaining balance. If things are looking really bad then I can also close the original trade at a loss which is offset from profit with trades made from the remaining balance. So I end up in the same position as before and have my ZAR/BTC again to wait for further trading opportunities.
 
Temujin said:
What can I say, I'm a glass is overflowing kinda guy... seriously though, oh noes, the prices are the same as they were 2 months ago, we're doomed, all is lost, aaaahhhhhh... yeah, long hodl is always best for your sanity, no lambos over night(which is what I suspect many new comers expected), as I've said many times, best is to just buy and forget about it, check again in a few years. This has happened multiple times before, and will happen multiple times this year too
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this is not entirely true - the parabolic up trend was never broken on previous 'crashes'
this time is definitely different....until its not.
 
balrog said:
Just a tip. Never commit your full available funds at any specific price point. Spread them out. Exactly for instances like these.
Click to expand...

I recently started doing this. I wish I did sooner as I missed out on deals and gains.
 
Temujin said:
What can I say, I'm a glass is overflowing kinda guy... seriously though, oh noes, the prices are the same as they were 2 months ago, we're doomed, all is lost, aaaahhhhhh... yeah, long hodl is always best for your sanity, no lambos over night(which is what I suspect many new comers expected), as I've said many times, best is to just buy and forget about it, check again in a few years. This has happened multiple times before, and will happen multiple times this year too
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Yes, logic would dictate there reaches a saturation point where all those who are twitchy and could sell at a profit (or modest loss) have done so. Those left hodling are simply not willing to sell at these prices and the path of least resistance is up.
 
Zulfi said:
damn really?!
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yep - remember its dynamic. aka dependent on network traffic/transactions.

at the moment the transactions volume is low on the blockchain so fees are also very low - so best time to send if you really want to.
 
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