You know what?

I just realized that if I did sell it would be a panic sell.

I made a wrong trading decision.

But if this is it, if BTC truly truly goes to the moon, it will drag a lot of alts that I still hodl with it. I still have a tiny bit of btc too.

More important than that, this is probably not truly it! Bitcoin has always gone up and down. If it stays high for a while I'll just hodl what I have and keep buying BTS. I need to not try to play the short game. I'm terrible at it. I tried to do that here and lost. And long game everything about BTS makes sense to me.

In coming days I'll try to buy as much BTC as I have to top off my supply. But I don't know why I'm worried about it. If BTC goes to the moon so is crypto. If it doesn't that just means another chance to make up for it eventually.

I suck at trading. Lesson learned yet again.

Last night, shortly before falling asleep, I finally succeeded at importing my keys! I now have access to my entire balance of Bitshares. The problem was actually largely my own fault, the original reason for the delay, large keys not importing, was solved several days ago by enterprising forum members.

In the midst of my personal bias for BTS, the hype preceding 2.0 launch, and bitcoin stagnation, I figured a week or two before the launch it'd be a good idea to sell 50% of my bitcoin in BTS and hold to see if the launch increased the price.

See my quandry?

I now have more BTS than I should be comfortable with, less BTC than I should be comfortable with, and Bitcoin looks like it has left the short term launch pad without me. I would have balanced back out at the first sign of price increase by BTC backed with good news, but I didn't have access to my coin.

To be perfectly clear I'm not upset. I understood the risks. I don't blame anybody but myself on this.

But I need advice from better traders than me while I try to form a damage control strategy. My take on this is that the price is being pumped by the federal government due to impending silk road auction. this happened before the last auction too and the price tanked a few weeks afterwards.

If that happens again then my best strategy is patience until BTC price bottoms out again.

Quote from: habeler on November 04, 2015, 03:07:26 pm

Quote from: mf-tzo on November 04, 2015, 02:43:36 pm

Before you take my advice, consider that I have lost 80% of my bts in Polo margin long trading so apparently I am not the best person to advise you here..

How are you coping? I lost all there (my own fault) and I am unable to think straight. All I was thinking today was that if could have at least held onto 1 BTC instead of putting it in collateral I could have bought almost 200 000 BTS today which would have been something.

Bought millions with tens of BTCs earlier and now looking around and seeing not a single BTC left.

Well I don't really cope very well with this. I was ready to start massively promoting bts and now i can't see any reason why...On the other side I never had tens of BTCs and millions of BTS so I guess other people must feel more pain than me..The worst is the feeling that all these hopes and plans for the future look like they have gone to dust now and I am thinking that all this time I spent in this forum over the last 2 years for what??Nothing..So I am just sad..

graphene  2015 thinks the price is going down more.

Quote from: hadrian on November 02, 2015, 10:43:17 pm

Sometimes I imagine it in this (oversimplified and exaggerated) way...

• There is a limited supply of BTS, held by a variety of people.
• 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
• 7% of the supply is being used by people internally for various purposes.
• 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
• This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...

Does anyone think there could be elements of truth in this story?

If 90% is in the hands of hodlers, we are screwed