Vycid
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


♫ the AM bear who cares ♫


View Profile Personal Message (Offline)

Ignore
December 18, 2013, 04:37:21 PM

I haven't sold on time though, could and should do it much earlier.

Pardon me while I fantasize about having sold at $1163 and then leveraging 4:1 short to $382.

Hehe, yeah, but I started leverage shorting at 870 and got scared and lost 4500$ while it turned away from me in one bounce. Than sold everything above 700, some even below but couldn't do those earlier as I haven't got them before selling DigitalCoins in it's pump.

Haven't done 4:1 shorting today though, traded only with my own money.

Leverage is always a bad idea (unless you have inside info).

That is, until after the fact - then it becomes "god why am I so dumb, I should've levered short".

... and you should've bought bitcoins at $0.05 each after levering long on gold bullion in 2008  Grin

I consider myself lucky to have any bitcoins at all at a cost basis very substantially less than the current price. I'll kick myself a bit for not having taken a more balanced position but ultimately the last couple of months have been very good to me, whereas a lot of people got burned.