Good morning from Europe and hello to everyone saying that going all fiat is stupid. You were, as always, right.
My only hope now is a sharp downward movement during the next three days, and knowing my luck, that will not happen.
This week saw me 3 BTC down, though almost at the same $ value. The worst decision was to sell at 804, after I auto-bought at 901 (down from 960), expecting the second down-leg.
Hopefully, we are at a local top before the week-end, so I am still in fiat. And I am in dire need of a second chance. Knowing Bitcoin, that chance would come, I just simply need not to botch it.
I am sorry you chose to learn the hard way. We tried . . .
By the way, since you seem to like the risk of trading, where I just can't risk my precious BTC, I have an observation for you. Look at the one day charts. We had one large red candle the day the China news broke. Imagine a stone thrown in a pond. Following that, 3 days up, 3 days down, 3 days up, 2 days down. 2 days up? 1 or 2 days down? If you are going to mess around, at least trade the larger swings, not every day.
Better yet, find an entry point and take a break . . . You know you wish you had done it sooner.
Thank you for the insight. I discovered now the hard way, that my best trades were when I either placed limit orders and waited, or when I traded very small amounts on an ebb-and-tide. Anything inbetween, and I become too trigger-happy and lose.
I think I am going to reduce my trading allowance as well, to be on the safe side.
Oh, and about alts... I actually made 20 BTC on Zetacoin by just holding, when everyone was predicting it going to 0....
I know from experience the best thing I can do when I'm frustrated with the market direction is to take a position with it and then it'll probably reverse,
For you as well?!
