Bitcoin Forum

Economy => Speculation => Topic started by: GriTBitS on November 29, 2013, 08:08:37 AM



Title: They already pre writing articles for tomorrow
Post by: GriTBitS on November 29, 2013, 08:08:37 AM
its nov 29th and this article is dated nov 30th

http://www.economist.com/news/technology-quarterly/21590766-virtual-currency-it-mathematically-elegant-increasingly-popular-and-highly


Title: Re: They already pre writing articles for tomorrow
Post by: Bitbuy on November 29, 2013, 08:21:01 AM
it's a message from the future!


Title: Re: They already pre writing articles for tomorrow
Post by: Pteppic on November 29, 2013, 08:21:48 AM
It is the Economist. Their print edition has an 'official' date from Saturday to Saturday, so even though it is on the online version, it is still dated in line with the print edition that the subscribers will receive in the post tomorrow morning.


Title: Re: They already pre writing articles for tomorrow
Post by: NUFCrichard on November 29, 2013, 08:25:03 AM
It's a dangerous game with bitcoins, articles get old very quickly!


Title: Re: They already pre writing articles for tomorrow
Post by: sickpig on November 29, 2013, 08:58:06 AM
two in a row.

http://www.economist.com/news/leaders/21590901-it-looks-overvalued-even-if-digital-currency-crashes-others-will-follow-bitcoin


Title: Re: They already pre writing articles for tomorrow
Post by: ajax3592 on November 29, 2013, 09:16:49 AM
Very foolish and risky decision as a trader to buy on All Time High price! A crash always follows the high, now's the silence before the storm.


Title: Re: They already pre writing articles for tomorrow
Post by: seanneko on November 29, 2013, 09:43:30 AM
Very foolish and risky decision as a trader to buy on All Time High price! A crash always follows the high, now's the silence before the storm.

Yes, I agree. Those people who bought when the ATH first hit $1 are really stupid. I bet they all regret buying at an ATH.


Title: Re: They already pre writing articles for tomorrow
Post by: ajax3592 on November 29, 2013, 10:24:44 AM
Very foolish and risky decision as a trader to buy on All Time High price! A crash always follows the high, now's the silence before the storm.

Yes, I agree. Those people who bought when the ATH first hit $1 are really stupid. I bet they all regret buying at an ATH.
Why compare it with a time when even 2% of the world didn't knew about it. The demographics and behaviour of Bitcoin volatility was much different then. Now, traders are getting involved and that sort of updates rules of the game, if not changing it.


Title: Re: They already pre writing articles for tomorrow
Post by: RicePicker on November 29, 2013, 10:53:56 AM
For someone that just registered right after the initial bitcoin boom early November you are very skeptical of bitcoins passing all the ATHs that a lot of people believed would crash the bitcoin market. While I think you just want the market to crash so you can buy some cheaper coins, which you could have if you bought along the way up and not spouting that the ATH has been reached and its going to crash.

Very foolish and risky decision as a trader to buy on All Time High price! A crash always follows the high, now's the silence before the storm.
  
Yes, I agree. Those people who bought when the ATH first hit $1 are really stupid. I bet they all regret buying at an ATH.
Why compare it with a time when even 2% of the world didn't knew about it. The demographics and behaviour of Bitcoin volatility was much different then. Now, traders are getting involved and that sort of updates rules of the game, if not changing it.


Title: Re: They already pre writing articles for tomorrow
Post by: notme on November 29, 2013, 02:02:41 PM
Very foolish and risky decision as a trader to buy on All Time High price! A crash always follows the high, now's the silence before the storm.

I've made over $1000 in BTC by playing a game I call "buy the all time high".

It goes like this:
1. When you hit an all time high, buy.
2. Place a tight stop to limit potential losses to a few percent.
3. Wait 5-10% depending on how fast it is moving.
4. Sell to recover initial investment.

Since I'm only doing this with $200-300 order sizes, the dip would have to be 300-500% to wipe out my profits from this "foolish" endeavor.  But if somebody is willing to pay me to take their bitcoins, I gladly take the loss and scoop up as many coins as I can carry.