This delay has both accidentally helped and hindered me in the past—it helped when it prevented me from buying in at 30 before the first crash in 2011; it had hindered me now, when I couldn’t buy in at 90 as I had wanted before the price rose to 140.
My bitcoin transactions during the last couple months have perhaps gotten me a 5000$ gain (or so) on the whole. It’s sad to think that I could have gained four times as much if I had sold one day earlier than I did; still I came out of this round benefitting, as I did back in 2011 (back then I had perhaps gotten a 2000 or 3000$ gain).
Now, I’m debating with myself whether to reinvest the money I got on bitcoin, or if the price is going to drop further… (it’s currently around 70$ in the exchanges which are still open like bitstamp.net)
You see that cute nice near-vertical drop around 15:00 UTC yesterday? That was while I was on the bus on my way home, when I had about 0.42 bitcoins on bitcoin-24.com (I’m not crazy enough to play with more money that that at the moment). #$%&. (By this morning, I had somehow managed to get back all of the value through sheer luck by repeatedly selling and buying at the right times. Now bitcoin-24.com is down, and I don’t know whether that happened before or after my offer to sell most of the bitcoins I had left at €80/BTC was accepted. (From this graph I guess I was lucky.)
This delay has both accidentally helped and hindered me in the past—it helped when it prevented me from buying in at 30 before the first crash in 2011; it had hindered me now, when I couldn’t buy in at 90 as I had wanted before the price rose to 140.
My bitcoin transactions during the last couple months have perhaps gotten me a 5000$ gain (or so) on the whole. It’s sad to think that I could have gained four times as much if I had sold one day earlier than I did; still I came out of this round benefitting, as I did back in 2011 (back then I had perhaps gotten a 2000 or 3000$ gain).
Now, I’m debating with myself whether to reinvest the money I got on bitcoin, or if the price is going to drop further… (it’s currently around 70$ in the exchanges which are still open like bitstamp.net)
You see that cute nice near-vertical drop around 15:00 UTC yesterday? That was while I was on the bus on my way home, when I had about 0.42 bitcoins on bitcoin-24.com (I’m not crazy enough to play with more money that that at the moment). #$%&. (By this morning, I had somehow managed to get back all of the value through sheer luck by repeatedly selling and buying at the right times. Now bitcoin-24.com is down, and I don’t know whether that happened before or after my offer to sell most of the bitcoins I had left at €80/BTC was accepted. (From this graph I guess I was lucky.)
Sounds like maybe it wasn’t just timing. :-|