Bitcoin Forum

As the title states. Do you take the loss or move it into different investments that would still have a good BTC ratio?

I think I'll put all of my BTC into Ripple for these reasons:

- It has strong financial backing (Google, Andreessen Horowitz etc)
- Disruptive technology without the Gov't heat (Bitcoin exchanges in China are closing, while Ripple gateways in China are opening)
- The technology is everything bitcoin but more (faster, more secure, more functions etc)
- From the above reasons, a high likely-hood of success/ price rise (therefore, making back my losses)

Have you been tricked into thinking Ripple is a scam? http://crypt.la/2014/01/22/unexposing-the-ripple-scam-rebutting-ripplescam-org/


Anyway, those are my reasons. What's your end game?

be in there buying every last BTC  I can afford

A Newbie with words of wisdom  :) LOL 

lol, what loss? ;)

If bitcoin dies all other crypto currencies will die including ripple.

The lower bitcoin goes, the more I buy.

I'm just going to put a gun in my mouth  :D

No seriously, I'm selling right now. I'm taking the same amount out as I have in. I'm still way ahead, but this saddens me. I've watched this market for about 2 years and it has never done this. When it would crash before it would jump right back. Now it's just a steady decline, followed by a steep decline, followed by more steady decline.  :(

This has nothing to do with Ripple. I am merely asking for your exit strategy in regards to BITCOIN

NoWhammies, Don't sell HORDE  ;D

Ripple?
Does the OP think of this thread as Ripple Spam?

What is your end game if BTC crashes overnight?
Buy more!

I wish I could, but the writing is on the wall. I'm still keeping as much BTC as I can but I'm getting my original investment of USD out. It makes me sick to have to do this but I can just hear the haters now with their Tulip/Ponzi scheme crap and talking to me like I got taken and saying they feel sorry for me and shit.

buy moar

Agreed  ;D 

It's not the end of BTC, but indeed the recent events should prompt to diversify a bit.
A good way is to do like the venture capitalists do: invest a bit everywhere you can feel some real potential.
Just follow them on twitter: they are generally quite loud about their investment decisions because it's in their best interest to rally investors around businesses they have seeded. These guys have a very acute instinct when it comes to hand picking legit businesses with high potential and they have access to minute details of founders identities and whereabouts.

" These Guys"  LOL I know a lot of them, they drink more than I do! Yeah, Listen & do what they do, We'll help you when your homeless, just a bit LOL  ;D

Ok guys, jesse11 is a name in the valley, and if he tells you venture capitalists are losers who end up drinking cheap table wine under a bridge in San Jose, you bet he rests his case. So do *not* follow venture capitalists or you would end up in misery like Marc Andreessen, you have been warned.

nobody gives a poo to ripple

If bitcoin crash overnight, I would buy as much btc I can afford to loose, and buy the fastest asic miner with the btc.

I'm actually doing a long position trade on Bitcoin technically, short term price drops will be nasty, but they won't affect me in the slightest, I'm going to be directly earning Bitcoins so I don't rely on price swings as much as other people and just adjust my prices.

p.s. I think Bitcoin is moving exactly as I thought it would this year, probably going to hit the $200 and then there will be a massive buy frenzy from the big traders.

You spoke of Marc Andreessen, a American entrepreneur, investor, software engineer, and multi-millionaire and co-founder of Netscape Communications Corporation. You say he is in misery? Bad Dog! LOL

Well... we have waited for 4 years (from 2010 to 2014) for the BTC to reach $1,000 from $0.001. Why can't we wait for 4 more years?

http://en.m.wikipedia.org/wiki/Irony
 (http://en.m.wikipedia.org/wiki/Irony)

LLOOOLLL  ;D

i bought more overnight. ;D

Good for you epere, now just hang on to them & wait  ;D

is it the right time to buy btc?
Any advice?

LOL this looks like a Ripple pump/promo in disguise. A lot of people sure seem to have an interest in selling Ripple, rather than letting people figure its worth on its own merit as happened with Bitcoin.

Thankfully, it looks like Open Transactions will completely negate the need for Ripple.

Should I say Doh or Dohhhhh   LOOOLLLL

Yep. People just don't get it... no one would ever trust a crypto again.

Not that this is even a remote possibility.

You sound smart. Which altcoins have you diversified into?

My contribution to thread: Dead dollar walking (https://youtube.com/watch?v=dQdmsL147j0). Every American should watch this.

ask Richard Branson or or o ror ororororororooror

answer ? buy more..

Ripple ? ROFL

edit:
i just looked and it hit $410 now by the way guys..

edit 2:
and i also just logged into Cryptsy and looked at my saved alts and like the last 24 hrs i checked they are down again
i had 1.05 BTC worth i mostly bought about 2 weeks ago and its at 0.69 now while the coins i mine and add seem to make no difference ..down down down down down we go

there is sooooo much dumping going on the buyers can't keep up we're still sinking like a fucking rock :(
I have lost a savage fuck load of money last couple months :(

Sounds like the last half of 2011, when Bitcoin was driven from $25 in July or so to $2 by the end of the year. The driver for that collapse was Mt. Gox being hacked. What a surprise.  ::)

i think it will go lower, 200-300 range

I'm down a fair bit myself, but I'm not sweating it. Trying to pick the precise bottom is a fool's errand, anyway.

But it does have an effect on the nerves. If you buy in thinking you've hit the bottom only to see the thing fall further, it primes you to "relief sell" when it recovers instead of riding it all the way back up. Lots of people have relief-sold themselves out of huge long-term gains simply because they're edgy from the dark times. I've done so myself with one stock I'll never forget  ;)

That's why I don't really regret not having bought Bitcoin back in July of 2011 when it was $13. Given my inclinations - my limitations, really - I would have rode it all the way down to $2 and cashed out when it rallied up to $20.

That's just part of human nature: it even explains why cults form around highly speculative vehicles. You have to be a bit "culty-minded" to hold on for the long term when your reflexes tell you that a bird in the hand is worth X in the bush.

if its going like this then I will be crush badly and cannot survive for long time  :(

hahaha xD

Well I dont know what makes me happier? Is it a 10 000$ bitcoin or a 1$ bitcoin?

Bitcoin will have downward pressure until the middle of the month then it will start its rebound.  Now is a good time to start averaging back in.

@Amph,

I think you are wrong, Of course I am not 100% certain of this, but I am sure enough to wager you:

Care to place a bet on this sir?

We can use an escrow that we agree upon.

An even money bet:

Min bet size 0.01 BTC

Max bet size 1.00 BTC

If you are BTC poor then we can use cash, I'm flexible:

Min bet size $5 USD

Max bet size $500 USD

we will use this price: https://bitcoinaverage.com/#USD

If Bitcoin price goes <=$300 between now and the 1st June 2014 12:00:00 UTC you get the pot.

If Bitcoin price remains >$300 between now and the 1st June 2014 12:00:00 UTC I get the pot.

you have 7 days to place your bet.

You talk the talk, but will you walk the walk? :-*

Bitcoin has a very bright future, so these price fluctuations shouldnt really matter in the long run.

LOL

Stop shilling this scam.

If bitcoin should crash. Ill take a big loan and buy as much as possible.

If Bitcoin goes down, I hold.
If it goes down even more, I buy.

Currently its best bet just hold and keep eye on market I sure its bounce back from this and hit on good rate very quickly

I hold the same sentiment as many others here have. If it goes down, I buy more. Simple as that.

That said, I for one don't get more than I can afford losing. So that's one thing to consider. I wouldn't take a loan out for speculation purposes. That just seems like a very vicious cycle to get into.

I will hold a steady course:

http://nomaas.org/blog/wp-content/uploads/2013/10/girardi_downwithship.jpg

The rats will jump ship:

http://www.nickcolemanmn.com/wp-content/uploads/2010/12/Rat-with-life-preserver1-300x253.jpg

Be more productive in work and life.

Many rats are secretly buying more cheap coins, while they post FUD all over the forum.

Lol of course you are correct! Price chart is flattening and tightening now, so soon we may see those mega-rats buy in and pump.

Me, I'm already all in.... I guess we're all rats deep down. :D

The original poster is a ripple shill that constantly posts crap like this, probably works there.

Last April, from bitcoinwisdom, the spike up to $260 saw a retrace to $45 or 83% ...

A similar retrace now with a high of ~$1250 could see prints of $215-200 ... don't be surprised, although last time it was quick and sharp with a fast rebound, this time lots of external factors pushing prices down.
 

USD can crash but not BTC, Even if BTC value goes to 1USD its not a crash.

i created a value in my database saying "21000000"

all i have to do is transfer 50 to an account, and call it genesis hash, etc..  we can use them to buy apples, etc..

I would just hold the few i got and wait for that future return of the cryptos :P

Why because you can still get the same amount of LTC in exchange when it is 1 USD?

While you can still get an iPhone in exchange for 1 BTC now, when the price is 1 USD you will barely get a can of soda, that's not a crash?

That's a Crash

People need to stop micro-analyzing every minor market move. Bitcoin is a step forward for a society whose entire economic structure is on the brink of collapse because of its inefficiencies. Be patient, don't panic sell, and buy yourself something nice in a couple of years.

This has been forgotten about im afraid. everyone wants btc/usd and not btc/economy

"Buy when there's blood in the streets, even if the blood is your own"

Not quite enough blood yet if you ask me, maybe that sub $200 someone was speaking of?

agreed !
Don't Panic people ;)

I really wish China would just fuck off already i am soo sick of them affecting market prices.
i wish they would just ban it once and for all and leave !

Let the rest of us in the world carry on with out them..

Bitcoin may have a lot of big rich bag holders but i'd rather be invested in a currency held by them vs Banks and Gov printing money.
Never mind the fact the digital currency is more advanced and useful.. It truly is a revolutionary way doing money.

All the reason i need was the recession that hit around the world in 2003 roughly that people forgot about quickly.
You all want to support that bs ? I sure as hell don't !
http://en.wikipedia.org/wiki/Early_2000s_recession

what recession  ??? oh wait I'm aussie we didn't have one  ;D

I'm indifferent to the price of cryptos vs fiat as i don't trade out to fiat, so no real crashes imo, just inta crypto trading opportunities, ups downs need them both......ups wouldn't be ups if it werent for the downs  ;)

Bitcoin prices will trend towards the cost of mining bitcoin + 7%. There will be a massive frenzy, but it won't be a buying frenzy. Spend it now while it is worth something.

Use of malicious negative trust to suppress free speech discredits the bitcoin community

 

bitcoin does one of two things .. crashes then it rally's!!
 If its not doing one its doing the other so...


prepare your fiat and plant yourself right in the middle of these two events and you will be grinning ear to ear!
Luck favors the well prepared so  ..

when it crashes i "buy".. and when it "rallys" i cash out some so i can buy the next time it crashes!



Wait, you guys are buying low and selling high right?  :D
 

I'm all in too...
These days I "buy more" doing various types of work for BTC.

I stopped reading after the word Ripple :P

just wait. there have been a lot of crashes. btc came around every time.

BTC Hits sub $400 I will use all my cash to buy BTC
Hits sub $300 I will use all my savings to buy BTC
Hits sub $200 I will mortgage our home to buy  more BTC
Goes above 10,000 I will retire.

it hasn't been possible to take short positions previously

True, but if they knock it much below 400usd they will break their new toy, people might buy Alts or silver. Hence, BTC 400-600 for quite some time into the future. Pump and dump coin? Although people could just hold and not sell, buy and not sell, but they would have to stop falling for every press release and rumor first. Perhaps work on adding new ideas to Bitcoin could help make it more mainstream. (I like "mBTC" for wallets and such to help with mass adoption)

As for end game, if it is just to be manipulated to death: I have a lot of DRK and in some BTC store of value alternatives like BC, and the network advantage of Myriadcoin is fascinating. Not selling into fiat no matter what, personally.

No exit strategy. All in.  8) Just like early adopters that were paying electricity from their pockets.

Ya we in Canada fared pretty good too :)

also when i go to places like coindesk i see a seriously huge amount of good news and support vs the odd bad news story.
and these good news stories are very very very reputable !
there is so many new Bitcoin start ups with people actually investing huge amounts of money and time and energy etc.

Altcoins on the other hand are in a precarious position i think though.. that is a whole other game going on there. (yet linked i think we agree)

edit:
What matters now is...
Microsoft announced the Windows Start menu was coming back (and showed video of it at a keynote) for windows 8.. so hell froze over so.... that means...
Bitcoin to 10 grand is coming soon i am sure :)
I would like to formerly register my "I TOLD YOU SO" to all the mouthy MS cheerleaders out there that said it's "never" coming back lol
I told you so lol

PS: windows 8 sucks !

Well diversified in crypto coins and crypto businesses. Including Ripple.

buy buy buy, hold hold hold.

Looking for the exits.

Yet another negative sentiment indicating that bitcoin is nearing the bottom of the November 2013 bubble.

I have been steadily buying fractional coin from my local Robocoin ATM. Should bitcoin crash down to say $380 as some envision, then I would be happily be buying more.

My GPU mining rigs are currently leased to scrypt-miners. New scrypt ASICs will make me migrate to scrypt-N by this fall I think.

Ripple ? nah

It's always better to just shut up and hodl your bitcoin.  
Because one day, they will become valuable the rarer they become.

And thats when Bitcoin will become just like gold, a universally  accepted currency.

i think before btc crashes fiat does

MAXCOIN

that is all...

Sounds like a bagholder response :P

+1000

This.

Short of the United States banning the use of Bitcoin a total collapse to BTC's death is unlikely, normal market history shows that a crash will always be succeeded by a recovery. If you have the spare money to do it, always buy during/after a crash.

I don't invest in BTC the money I need tomorrow and I don't look to the price too much. I believe in the premises behind BTC, so I believe that a complete crash is not likely.

Have fun and stop worrying.

Agreed i have sat back with balls of titanium with a grin on my face with a lot of crashes as Troll Boxs erupted with screaming brats freaking out..
And i said watch when it goes down BUYERS will come out in force.. eventually price will go back up and..
I also said lots that if you simply were not aware of a crash and say had been gone from Bitcoin for a month chances are you
it wouldn't look too different, as though all the drama never even happened..
Things look worse when you have the bitcoinwisdom.com web page graph burned into your eye balls lol

Although over all the price is defiantly down.. we're not sitting on 1k BTC anymore and i still don't regret cashing out like 5/6 grand worth either when it was 1k
even though i was told by idiots worked up in a frenzy that 10k per coin was just around the corner. (where are they now ?)
I knew they were full of shit because it was all about new users coming in and Bitcoin hype sweeping the world..
Bitcoin is no longer a secret and there is no one i talk to anywhere that doesn't know what it is. But what do they think about it ? 75% scream Ponzi scheme !

I think a major issue we face is professionalism across the board and THAT is why we have had lower prices and a down trend.
and THAT is why i harp loud and clear to all that will listen that we need to get rid of scammy cloners etc.
I can prove what i am saying easily.. Bitcoin is not getting a good reputation by dipshit Doge coin supporters making pitiful excuses for it.
It's like having a "Mexican highway off-ramp selling oranges stock" mixed in with Apple and Facebook and Microsoft stocks.. it's bs.

In order for Bitcoin to have a future we need to raise the scene to a higher level of maturity and have services and coins that bring professionalism.
Flappycoin is not going to cut it..

I'd love to smack 50% of the Altcoin scene across the face and scream at them loud, wake the fuck up !

Banks and Chinese banks specifically see clearly what is going on and no human on earth from a professional business point of view
would see this alt coin shit and say ohhh yeah lets invest in that. So yes of course Chinese banks and every Bank across the globe are clamping down on us.
and Chinese Banks and other Financial regulation threats have kept our BTC price down.. There was also Russian regulation scares a couple times not long ago too.
And the link is there when assholes keep proclaiming Doge coin as the no. 3 coin and then New Guys come here and see the ANN forum section debacle..
Then game over, most respected people would turn and walk away from this altcoin scene !
When The bank of India warned against Litecoin, Bitcoin and Doge coin they were Warning AGAINST it !
Doge fucktards proudly paraded that around as a "we've been recognized" victory and morons like Cryptsy + Coindesk etc used it as another excuse to advertise and celebrate Doge coin.

I'm telling you guys think about it before it's too late.. we're getting to the point where the alt-coins are going to be dead BTC will be back stuck at $100 each
and all the snotty lippy "Free market" tards will have cashed out and vanished leaving the rest if us holding bag..
they are not going to stick around to hear the I told you so's, so don't let them ruin our scene and drain us dry short term.. stop these assholes now !

I wonder if most people in crypto watch what is going on ? As in do you see the media's response to Bitcoin and Altcoin in all forms of media ?
I see various news stories on tv/video about it and read a lot of tech sites that post crypto stories and the writing is on the wall and can't be ignored
well until you come here and are confronted with trademarked Bitcointalk scammers denial aka: Free Market propaganda i have the right to rip people off bs.
I couldn't care less for example if Cryptsy wants to post excuses on their blog or others here etc either.. when the rest of the world speaks THAT is who & what matters
people outside this scene are the ones that matter not blow hard's desperately clinging to their shrinking altcoin scam clone profits ! Fuck them their idiots with tunnel vision.

I think many times we have these rumors bitcoin is going to crush but its not going to crush its just gamblers games going here  ;)

OMFG, I F'kin LOVE Beaker! So tweaky! Always was the best part of the Muppet Show for me  :D :D :D

Professionalism indeed. (emphasis added)

I stopped trading BTC a while ago. I only buy them when they are particularly distressed. For now I`m just sitting on several million casinocoin and a few other select alt coins.

It didn't crush, so what now ?