Bitcoin Forum

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I'm actually saving up a bit of extra cash just in case we go really low within a few months.

BTC is no 120 day investment, that's for sure!  ::)

Holding BTC (instead of spending them) is no "investment" at all. It's pure speculation.

Talk about short-termism, is a 6 month 122% gain not enough?

GTFO here with your facetious bullshit.

If a Bitcoin investor bought 6 months ago and held right up until today he would:

A) Have approx doubled his money

B) Also be wanting to put a gun to his head and blow his own brains out for not cashing out at $1100, $1000, $900 etc etc.

Mat, you're just butthurt because you fucked up your short. That's fine, but spouting bullshit here day and night about how terrible bitcoin is will not get your money back.  

Doubling your money is your worst case scenario for the last 6 months... ouch!

This place is a vast improvement after putting the pothead on ignore. Or crack. Or whatever he blew his single digit coins on.

Unbelievable.

Look, everyone's sorry that you happened to buy at the peak of the market. But if you can judge an investment good or bad based on 30 days, you need to have your head examined or go and chuck your money in an interest account and grab your 1% at the end of the year.

What WOULD be stupid to ignore is that people are quick to lump some money into Bitcoin, the highest risk investment ever, and so quick to come and moan when they 'lose' money.

100%

Everyone's got a brain.

I couldn't give a shit about the price.

You're day trading in an obviously heavily bearish market, I'm not sure what you expect to happen?

Wrong. They want to blow their brains out because they invested in Bitcoin 6 months ago instead of 36 months ago.

THIS too.


All the "here is a chart, and here's a few lines on it" crap that circle this board is utter tripe. You cannot predict this market. You can get a few guesses right and pontificate about how brilliant you are about coming good on what is essentially a coinflip (plenty of that around here, mentioning no names) ... but no one can predict what is going to happen. If it were possible, they would be billionnaires. Generally these people are playing the game with less than one coin.

Bottom line: Don't listen to ANYONE here (including me) about price direction because, more often than not, they are pursuing their own agenda which can only work with you doing the opposite.

LOL @ Ibian the fkn noob retard who has a net buy-in price of around $800!

Bought in at $100. But all the way up 'on the dips'...cos every dip is just a temporary retrace!

Enjoy sitting around for months, if not years with your capital tied up in one of the most risky assets on the face of the planet just in order to break even.


Only a fkn arsehole would cherry pick such a 'fact' and broadcast it.

If someone bought in 6 months ago, and have held all this time, then they are a fkn idiot.

It's called human nature, not conspiracy.

You think it's questionable to recommend that people use their own brain rather than listen to their fellow competitors?

@OP that is also very dumb to have a feeling looking at a chart.

Couldn't have said it better myself...

This year isn't over. Bitcoin was up every single year since inception in 2009, I don't think this year will be an exception.

A correction was to be expected after last year's bull run. Hopefully, that correction is about over. With all the investment in infrastructure etc, the price will pick up soon. I bought quite a bit above the current level but I'm not complaining - I'm in it for the long haul & still believe the best days are ahead of us.

All caused by external factors like Mt Gox and China etc. the fundamentals remain stronger than ever considering the growth of the 'bitconomy' this year.

If you can get bubble up you can expect a bubble downwards aswell... deal with it.

This :D hahaha

Less than a year or two is not the "broad picture".

Just my BTC0.00000002

Looks really not so good. A stable price on the $400´s is a bad sign I think. We had these stages already at 700s, 600 and 500s... Next is possibly 300s, 200s, 100s...

But I got to hodl, bought very high, so, fuck that... I sink with the ship...

The amount of butthurt speculators is strong in this thread.

A calender year is just a random time frame. You can buy on any day of the year not only January 1st and you can sell on any day of the year not only December 31st.

Even if stable on 400 it will become 800 after halving so hodl on tight!!!

But not always on 29th febuary...

oh shit you're right!!!!    LMAO ;D

If we can't try to predict the future based on the past, on what would we make any prediction? All the laws of science are based on past behaviour/facts.

I wrote too much already on holding...

Not sure why holding an asset which has doubled in six months with the potential to once again go much much higher makes you a 'fkin idiot'. You managed to lose money in that timeframe by playing with leverage.

In terms of managing risk there is a lot of room for the price to move south and for buyer of 6 months ago to still exit with no loss. If all bitcoin holders are stupid then why not sell all of yours and make this forum a brighter place by leaving? You won't because at the back of your mind, despite the recent price action, you know there is a good chance that the price will surge upwards on its next run and you don't want to miss out.  :)

Because though you won't admit it, bitcoin remains a great disruptive technology which could still change the world, and if it does, it is just about the strongest assymetric trade out there today. With all the price specific commenting on this forum that is something that i think gets lost in the noise of the shrill bearish chatter. That is why everyone is here, right?

Correct, but there is also the possibility to choose the wrong elements of the past to build your rule.

For valuation of bitcoin, I suggest:

General price level at times of the classical gold standard, gold volume being relatively static.

General price level change when the rich gold deposits of south america were mined.

What happens to price levels when money supply increases. There are a hundred examples of fiat hyperinflations.

We don't have a direct parallell to the price deflation that we expect for bitcoin. So here we can not directly create a law based on the past. But...

We have lots of bubble examples. Here the bubbly asset can be regarded as money, because it aquires exchange value, (and the fiat money lacks the important long time value protection). The bubble bursts when it becomes clear that the bubbly stuff was not good money after all. Bitcoin can then be regarded as a bubble, but it will not burst as long as it is the best money around.

So that are the rules that govern bitcoin expected value appreciation. Based on experiences from the past.

Just ignore MatTheCat.  He thought he had trading and TA all figured out, posting all these elaborate calls and what not.  Then he fucked up a bunch of shorts and lost his shirt.  His modus operandi is to now call out Bitcoin conspiracies of destroying third world economies and what ever other lunacy filled rant he's come up with at the time.

Aaaand, all of this is after he forwent his opportunity to load up on coins at 1$ because he was too busy buying drugs off of SR.

Some people might have a truculent way to defend their views, but that isn't reason to ignore them if the views are supported on arguments or facts.

Price has risen over 8,300% in past 2 years. How can you possibly call it a bad investment lol...

Never attribute to malice what can adequately be explained by stupidity.

Likewise, never attribute to stupidity what can adequately be explained by malice.

MatTheTwat specializes in both. He is the only troll I've ever put on ignore.

Yet all the time, Bitcoin keeps going in the direction that I say it is going, whilst you guys keep slavering the same old shit and being proven total fkn clowns. Especially JimboToronto. Not a bigger fkn idiot on the whole forum.

Will be sure to give ya a shout when Bitcoin dips into $200 range like I said I would.


If you bought Bitcoin at $200, you had two bites at the cherry to sell at $1100 range. When it dipped back down into $1000 range, with volume contracting all the time, that my friend was the schoolboy double top moment and the point when I sold all my Bitcoins and stopped looking to trade long. Back then, I honestly did not even know what a MACD was so yes. Anyone who failed to see the double top being in is frankly a bit fkn stupid and has cut their own throat whether they are still in the black, hovering around break even or otherwise. Furthermore, it is not like their hasn't been plenty opportunities all the way down to take still good profits and/or cut losses.

No, I don't own any Bitcoins as my new investment method (only ever going unleveraged long and waiting on a Bitcoin dream/subconscious insight to inform my decision on whether to hold or not) tells me that going long Bitcoin is right now "a very dangerous thing to be doing although safe enough for the time being" (that was over 1 week ago). But yes, I am still here because there is brass to be earned yet in this scam and whilst I think that Bitcoin has got at least another $150 to fall yet, one day at some point in the future, Bitcoin is going to start to rise again. My bet is that somewhere in the $200 range will prove to be the intermediate term low and that Bitcoin will then go on to take out a good few resistance levels. I could be wrong and Bitcoin may need to fall lower than $200 range but I will cross that bridge when the time comes.

That is why I am still here. If Bitcoin isn't killed off (which it may well be), then I have no doubt that greater ATH's are yet to come (although perhaps not within the time scales of many of the fantasists around here) and if further ATH are still to come then in contrast to my general investment disinterest back in the single figure Bitcoin days, I intend to take a slice of the action next time around.

Supply and demand my friends.

Hell regret that for the rest of his life!