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Title: proudhon Post by: Chaz on March 01, 2013, 10:41:25 AM Best technical indicator ever? I'm sure if you started turning bull you could actually get what you wish for proudhon, just let me know in advance!
Wow. Probably a good time to short. Looks like we're going back down to around $1. If we could get the price to tumble hard back into single digits, that'd be awesome! I'm pretty close to selling a few hundred, so maybe I can help out a little. Gotta think about it a little more. Seems like a pretty sure bet to me that the price will come down to $13.00 in the next few months. Do you think there's a good chance we'll make it back down to $5 again? $2? Bulls haven't been able to break a high that was put in place a year and a half ago, haven't been able to break this year's high, and have been bumping up against this $13-15 zone since September without breaking through. We've seen decreasing volume since this year's high, with an overall decreasing volume for the year. All this in the face of numerous positive developments. What do you think, myself? Everything, including the fundamentals seems to point down, way down, for the medium to long term. Right? If you're going to take a longterm position right now it should be a long term short. Yes? If there ever was a good reason to short, this is it. What do you mean "the ask walls are very thin"? They look just about as robust as they've ever looked within 30% of the spot price, minus the exceptional >10kBTC wall. Oh, I still think there's a pretty good chance we'll see single digits this year. What'd I say before? April or something? Yeah, I think that's plausible. I think it's far more likely that the recent $14.3x will be the 2013 high. Ok, whatever the 2012 high was. It's not going higher than that this year. That's my guess. Probably gonna see a pretty intense round of selling soon. My guess is large dumps down to $14, followed by a bunch of panic selling into the $13s. Man, has it been that long already? Still waiting to buy again at $2. Meh, I'm still waiting on single digits before buying again. A proper dump like we've seen in the past could easily take out everything down $13. I'm waiting for that one, and the subsequent panic selling. ;D I think so. Likely going to see a mutli-month decline/stagnation. We're at the beginning of a long down trend, I think. Soon enough I'll be buying your single digit coins. ;) Really, this isn't good. The coming crash is going to be really bad. But, I guess that's how this thing is gonna go for a looooong time. 2 steps forward, 1.9 steps back. On the bright side, now we know the 2013 high. Another successful bitcoin pump and dump. Everyone ready for the long slide into single digits? You're forgetting the correction part, before the stagnation. We're likely headed much lower than this. The crash is just the beginning. It's the big boys setting the trend. Now everyone else is going to start unloading, and this will probably go on for months. I don't know if Adam is joking around, but we probably will go below $10. I think we're unlikely to see the price go higher than that before May. Exactly. It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower. I've got all the time in the world. Just broke $3 million in bids. C'mon bears! Eat! Meh, just a doing a double top-ish sort of thing. Crash coming. The Ms have spoken. You shall not pass $20. Long term correction on the horizon. Ok, we've peaked. Not impossible, but not unlikely. I think we've finally seen the 2013 high. So, anyway, seems pretty obvious. We're in the bull trap/return to normal area. This is going to turn into another disaster. FFS, where is all this money coming from? Same. I woke up this morning completely baffled. WTAF? Stop buying for a minute. I'm so scared of the coming correction. :-\ Yeah, I agree. I think we've finally seen the top for 2013. About time. The top, we finally found it! Yes!? ??? The bid side of the MtGox order book has filled back in to $3.5+ million, which means the market can sustain more dumps for large holders who want to cash out, say, above $20. I expect we'll see more dumps. It might break past $30, but I'm pretty sure it'll smack down hard not long after that. We won't be over $30 for very long. Chances are better we'll see single digits, I think. This is probably the beginning of the race for the doors. Get your bitcoins ready everyone. Alright, back from the weekend and ready to watch the correction intensify. Hard to imagine buying past the recent 2013 high. We're very likely in correction territory. Probably just need one more large player to made the change definitive, and then we'll see the herd race each other to the door. We could still very easily see single digits as downward momentum builds. This is probably the top. Title: Re: proudhon Post by: kentrolla on March 01, 2013, 11:18:54 AM lol
Title: Re: proudhon Post by: Bowjob on March 01, 2013, 11:34:05 AM Yes yes, if proudhon turns into a bull, its time to cash out!
Title: Re: proudhon Post by: proudhon on March 01, 2013, 11:43:01 AM Title: Re: proudhon Post by: oakpacific on March 01, 2013, 11:55:25 AM So, did you sell after all? If not I strongly suspect you were trying to be a reverse-prediction bull of some sort. Title: Re: proudhon Post by: klaus on March 01, 2013, 12:00:48 PM WOW! Chaz that was alot of quote-work. Thanks a lot ! Title: Re: proudhon Post by: gimme_bottles on March 01, 2013, 12:07:20 PM "wtf, I wrote all that BS?" :P Title: Re: proudhon Post by: StarenseN on March 01, 2013, 12:08:59 PM That's a lot different high.
Title: Re: proudhon Post by: cypherdoc on March 01, 2013, 12:22:17 PM Lol! You been outted!
The best time ever was when I made him wear that bull avatar for what, two months? Title: Re: proudhon Post by: proudhon on March 01, 2013, 12:30:09 PM Lol! You been outted! The best time ever was when I made him wear that bull avatar for what, two months? http://24.media.tumblr.com/tumblr_m6frokMA4P1rwcc6bo1_250.gif Title: Re: proudhon Post by: blablahblah on March 01, 2013, 12:36:51 PM Does proudhon have a twitter feed I can follow? Not that I even know how to use twitter, but it's the principle of the thing! :D
Title: Re: proudhon Post by: StarenseN on March 02, 2013, 07:06:30 AM I'm 100% reverse on proudhon FUD. Gain a lot of sotashi.
Title: Re: proudhon Post by: smoothie on March 02, 2013, 07:36:06 AM Proudhon is speechless.
lol Wait for it....there will be a correction and he will say...."I TOLD YOU SO"....when we hit say $50 haha Title: Re: proudhon Post by: Bitobsessed on March 02, 2013, 08:38:25 AM Wait for it! Please Do!!
Title: Re: proudhon Post by: oakpacific on March 02, 2013, 09:38:01 AM I am gonna quote a few more from the dark days of Nov.2011, to make sure we all remember the craziness back then, here they are
Here we go again. it looks to me like we slowly climb to 3.xx dollars Aaaaannnd PooF it falls, we slowly climb to 3.xx dollars Aaaaannnd PooF it gone, this leads me to believe 1 by 1 the miners that were hording their coins see 3.xx$ as a good price to jump ship. we will portly see this happen many times for the next few months.... 3.12 Aaaand Poof it falls. $2 will be the new $3 soon enough. you have been around since april, all posts I saw from you rallying against bitcoin. either you are really really bored or you have missed the opportunity to buy when prices were low and now are angry about that and want price to drop so you can buy in at the low price you missed before. or did you sell out too early? at what price will you change strategy? at what price will you buy lots of bitcoins and start rallying pro btc? if my theory is wrong please let me know why you keep on posting against bitcoin. I am sure a lot of other people are wondering, too. I'm just making observations and hanging around to watch this thing die out. Title: Re: proudhon Post by: oakpacific on March 02, 2013, 09:40:03 AM And here he is patting Nagle's back:
http://bitcoincharts.com/charts/chart.png?width=640&m=mtgoxUSD&k=&r=150&i=&c=0&v=0&cv=0&ps=0&l=1&p=0&t=S&b=&a1=SMA&m1=30&a2=&m2=25&x=0 Bitcoin, last 5 months, on log scale. Brown line is 30 day trailing moving average. The long, slow slide is right on track. It's been all downhill for 5 months now, and the trend is consistent Currently, the price is cut in half every 5-6 weeks. Every once in a while, there's a big drop, and then the price recovers. But it never recovers all the way. Admitting you are right a few months ago has served me well. Thankfully there have been enough bag holders resisting the obvious. And here is more of that: To answer the question in the thread title...we're going all the way down. There simply is no reason for bitcoins to be worth more than a $1, no reason at all. Nagle has been right. When a bubble pops, it pops all the way, and in the case of bitcoin, there's no reason for a legitimate recovery on the horizon. Title: Re: proudhon Post by: oakpacific on March 02, 2013, 09:49:19 AM And what about this gem:
Ok. Quote Dear Jim, Do you want to be able to have $100 worth of purchasing power today turn into $75 worth of purchasing power tomorrow? Now there's a somewhat easy way - Bitcoin! Sign up for a Dwolla account, then begin the week or more process of transferring money from your bank to Dwolla and finally to MtGox. Then buy bitcoins on MtGox. It's so easy! Next, wait till the next day and almost magically (note: sometimes it can take a few days for the real magic to happen) the purchasing power of your bitcoins will be less than the purchasing power of the dollars you sent to MtGox. For more information go to bitcoin.org and mtgox.com. I hope you'll join the revolution! Proudhon Yeah. You know that when Jim Rogers buys he buys heavy and holds for multiple decades right? No, I didn't know that. I've fixed my letter: Quote Dear Jim, Do you want to be able to have $100 worth of purchasing power today evaporate completely or almost completely in a few years? Now there's a somewhat easy way - Bitcoin! Sign up for a Dwolla account, then begin the week or more process of transferring money from your bank to Dwolla and finally to MtGox. Then buy bitcoins on MtGox. It's so easy! Next, wait a few years and almost magically the purchasing power of your bitcoins will be 10% (probably even less) of the purchasing power of the dollars you sent to MtGox. For more information go to bitcoin.org and mtgox.com. I hope you'll join the revolution! Proudhon Title: Re: proudhon Post by: StarenseN on March 02, 2013, 11:37:50 AM Hahaha nice digging :)
Why he's wasting so much time and energy here for years ??? Title: Re: proudhon Post by: proudhon on March 02, 2013, 02:00:46 PM Title: Re: proudhon Post by: Rick James on March 02, 2013, 02:07:15 PM Each tear represents all the bitcoins proudhon sold off and all of the completely wrong predictions for the past two years - non fucking stop. I love it. ;D http://www.youtube.com/watch?v=DksSPZTZES0 Title: Re: proudhon Post by: Domrada on March 02, 2013, 02:33:04 PM Wow this is actually a really sad story. Here's a guy who wanted to be in bitcoin, but foolishly sold out in the single digits, and has been doing desperate mental gymnastics ever since to keep hope alive that he'll be able to get back what he threw away. My heart goes out to him.
Title: Re: proudhon Post by: Piper67 on March 02, 2013, 02:42:55 PM Wow this is actually a really sad story. Here's a guy who wanted to be in bitcoin, but foolishly sold out in the single digits, and has been doing desperate mental gymnastics ever since to keep hope alive that he'll be able to get back what he threw away. My heart goes out to him. Or... Here's someone who's desperately trying to undermine Bitcoin from within, and thinks what he says on a silly little forum makes a difference... Still sad ;D Title: Re: proudhon Post by: oOoOo on March 02, 2013, 03:37:33 PM The case for bitcoin is pretty compelling, and the more people who know about it and appreciate its value, the higher the price will go. That's something that's really hard to predict, and it mitigates my concerns that this is a bubble. Sure, but I think it's inevitable that media exposure will get much wider than it is now, and when you have millions of people interested in bitcoin, then even if half of the entire bitcoin supply were on the market, I think the price would still go up considerably. I think it's likely that we'll reach that point. This is kind of what I'm beginning to think is going on. We've all just underestimated the exposure and the interest people have in bitcoin. Interest may be increasing more than the community thought a few weeks ago, and, as a result, the population of buyers has increased sufficiently relative to the supply. In which case, this isn't a speculative bubble. Well, on the bright side, now it's official, bitcoin is a currency. Next up, Amazon. Based on an average 12% increase in the exchange rate every difficulty (which, BTW, I actually think is overly optimistic by quite a lot) we'll reach $10 sometime in August and $100 sometime in March 2012. Title: Re: proudhon Post by: oakpacific on March 02, 2013, 03:39:19 PM The case for bitcoin is pretty compelling, and the more people who know about it and appreciate its value, the higher the price will go. That's something that's really hard to predict, and it mitigates my concerns that this is a bubble. Sure, but I think it's inevitable that media exposure will get much wider than it is now, and when you have millions of people interested in bitcoin, then even if half of the entire bitcoin supply were on the market, I think the price would still go up considerably. I think it's likely that we'll reach that point. This is kind of what I'm beginning to think is going on. We've all just underestimated the exposure and the interest people have in bitcoin. Interest may be increasing more than the community thought a few weeks ago, and, as a result, the population of buyers has increased sufficiently relative to the supply. In which case, this isn't a speculative bubble. Well, on the bright side, now it's official, bitcoin is a currency. Next up, Amazon. Based on an average 12% increase in the exchange rate every difficulty (which, BTW, I actually think is overly optimistic by quite a lot) we'll reach $10 sometime in August and $100 sometime in March 2012. This is what is really interesting, it's almost like after June 2011 his account got hacked. Title: Re: proudhon Post by: cypherdoc on March 02, 2013, 03:56:39 PM i'm quite sure he was referring to me. alot of idiots were calling me a "bagholder" in Nov 2011:
Admitting you are right a few months ago has served me well. Thankfully there have been enough bag holders resisting the obvious. Title: Re: proudhon Post by: oakpacific on March 02, 2013, 04:03:13 PM This is what is really interesting, it's almost like after June 2011 his account got hacked. Nah. The bubble popping was traumatizing for him. Now he just wanders around senselessly crying wolf. I would not go trolling and mocking other people after getting traumatized. Title: Re: proudhon Post by: proudhon on March 02, 2013, 04:06:35 PM Wow this is actually a really sad story. Here's a guy who wanted to be in bitcoin, but foolishly sold out in the single digits, and has been doing desperate mental gymnastics ever since to keep hope alive that he'll be able to get back what he threw away. My heart goes out to him. http://media.tumblr.com/ea2243aab7bb59ce17bfbc5521c2aa14/tumblr_inline_mic9xgYzG81qz4rgp.gif 1J2vNsLTeKgbg6xz1B5gp6VHSvkEWKibT8 Title: Re: proudhon Post by: piramida on March 02, 2013, 04:12:38 PM Nah. The bubble popping was traumatizing for him. Now he just wanders around senselessly crying wolf. Thanks that's funny and that's probably true as well. 1J2vNsLTeKgbg6xz1B5gp6VHSvkEWKibT8 tipped, maybe if we all chip in we'll return proudhon to the bull parade :) http://blockchain.info/tx/bd3098f411e2e7aded27af6c1829404c88e2f7823724adf98fb8f301e770ac69 Title: Re: proudhon Post by: cypherdoc on March 02, 2013, 04:16:11 PM tipped, maybe if we all chip in we'll return proudhon to the bull parade :) http://blockchain.info/tx/bd3098f411e2e7aded27af6c1829404c88e2f7823724adf98fb8f301e770ac69 talk about feeding the troll! geez, what am i after taking the brunt of his trolling back in Fall 2011? chopped liver? ;) proudhon must be smarter than we're all giving him credit for! :D Title: Re: proudhon Post by: proudhon on March 02, 2013, 04:23:47 PM Nah. The bubble popping was traumatizing for him. Now he just wanders around senselessly crying wolf. Thanks that's funny and that's probably true as well. 1J2vNsLTeKgbg6xz1B5gp6VHSvkEWKibT8 tipped, maybe if we all chip in we'll return proudhon to the bull parade :) http://blockchain.info/tx/bd3098f411e2e7aded27af6c1829404c88e2f7823724adf98fb8f301e770ac69 <steps out of character for a moment> That was really nice of you, but I'm mostly joking around here. Post an address you want that money sent back to and I'll send it back. Otherwise, I'll donate it to the Bitcoin Foundation. Title: Re: proudhon Post by: cheat_2_win on March 02, 2013, 04:33:18 PM tipped, maybe if we all chip in we'll return proudhon to the bull parade :) http://blockchain.info/tx/bd3098f411e2e7aded27af6c1829404c88e2f7823724adf98fb8f301e770ac69 talk about feeding the troll! geez, what am i after taking the brunt of his trolling? chopped liver? ;) proudhon must be smarter than we're all giving him credit for! :D He is just trolling in this forum. He is bull in his heart and already has his coins in paper wallet stashed somewhere. (I cannot find the post where he mentions that.) Title: Re: proudhon Post by: cypherdoc on March 02, 2013, 04:33:29 PM proudhon, aren't you still holding some BTC in your offline wallets?
Title: Re: proudhon Post by: Transisto on March 02, 2013, 04:57:59 PM Proudhon was an early adopter of my ignore list.
Title: Re: proudhon Post by: steamboat on March 02, 2013, 05:02:12 PM proudhon, aren't you still holding some BTC in your offline wallets? Proudhon consistently makes the worst investing calls in the history of this forum ;D All joking aside, I am 93.76% certain he has a significant store of coins somewhere and plays the skeptic very very well. I applaud proudhon for being such a committed, and more importantly intelligent, troll. I don't have proof but his success rate calling market movements, if you follow the opposite of what he posts is higher than most; something some of the veterans have begun to pick up on. http://www.spidersweb.pl/wp-content/uploads/2013/02/well-played-sir-well-played-indeed.jpg Title: Re: proudhon Post by: cypherdoc on March 02, 2013, 05:13:44 PM Proudhon was an early adopter of my ignore list. if you mean he made it onto your ignore list, then so did i. Title: Re: proudhon Post by: proudhon on March 02, 2013, 05:52:28 PM Does the forum not tell you when you're being ignored anymore? At one point (maybe a few months ago) it said something like "5 to 10 ignores" under my avatar. Now it doesn't say I'm ignored at all.
Title: Re: proudhon Post by: proudhon on March 02, 2013, 05:53:57 PM proudhon, aren't you still holding some BTC in your offline wallets? Yes. I still have some bitcoins. I'll probably buy more when we dip into the single digits again. ;D Title: Re: proudhon Post by: Wekkel on March 02, 2013, 06:19:05 PM proudhon, aren't you still holding some BTC in your offline wallets? Yes. I still have some bitcoins. I'll probably buy more when we dip into the single digits again. ;D Yeah, the rally is losing some steam, isn't it? Title: Re: proudhon Post by: piramida on March 02, 2013, 07:18:17 PM Otherwise, I'll donate it to the Bitcoin Foundation. Ok we can make you the jar bin of speculation subforum for the foundation donations then! :) Title: Re: proudhon Post by: keewee on March 02, 2013, 08:28:41 PM proudhon, aren't you still holding some BTC in your offline wallets? Yes. I still have some bitcoins. I'll probably buy more when we dip into the single digits again. ;D lol. Nice one :D I'm sure you're holding a lot more coins than everyone around here is assuming too. And at least you're not a horrible troll. I just read your posts in an Eeyore voice :) https://i.imgur.com/NQHKQCj.jpg Title: Re: proudhon Post by: proudhon on March 02, 2013, 08:41:20 PM Otherwise, I'll donate it to the Bitcoin Foundation. Ok we can make you the jar bin of speculation subforum for the foundation donations then! :) Just passed it on to the foundation. Title: Re: proudhon Post by: oakpacific on March 03, 2013, 12:12:35 AM This is what is really interesting, it's almost like after June 2011 his account got hacked. Nah. The bubble popping was traumatizing for him. Now he just wanders around senselessly crying wolf. I would not go trolling and mocking other people after getting traumatized. I'm not trolling or mocking him. I'm pointing out a fact. He's been crying wolf for so long that anyone who might have given his words some meaning at one point certainly should have learned to ignore him by now. This is unfortunate, because he might have something valuable to say. My point is, he's lost all credibility. Anyone who listened to him at $13 would have missed out on a massive opportunity. I was talking about HIM, not you. Title: Re: proudhon Post by: BIGMERVE on March 19, 2013, 04:10:07 PM EVERYONE in this forum is a bull, even the ones that claim to be bears because if you were a bear, you wouldn't care about bitcoin and you wouldn't be in this forum to begin with. Also, proudhon, might be smarter than he looks (no pun intended) and might be hoping for crashes just to buy more coins as he sure knows that bitcoin is ultimately deflationary and uptrendy... IMHO I think Proudhon just writes the exact opposite of what he really thinks. Either that or he speaks another language and has a terrible translator. Title: Re: proudhon Post by: ingrownpocket on March 19, 2013, 05:41:15 PM bitcointalk always cheers me up.
Title: Re: proudhon Post by: mccorvic on March 19, 2013, 05:41:55 PM Either that or he speaks another language and has a terrible translator. I enjoy this theory. Title: Re: proudhon Post by: Qoheleth on March 19, 2013, 06:37:31 PM EVERYONE in this forum is a bull, even the ones that claim to be bears because if you were a bear, you wouldn't care about bitcoin and you wouldn't be in this forum to begin with. I disagree!If we define "bull" as "one who expects the BTC price to rise", and "bear" as "one who expects the BTC price to fall", I can imagine plenty of reasons to be interested in the Bitcoin technology that don't imply bullishness - even long-term bullishness. There are people who think that the blockchain technology is the future of currency, but see the Satoshi implementation as riddled with instabilities or bad design decisions that will require a new blockchain to (and thus, the eventual abandonment of BTC as current money) to resolve. There are people who simply believe that the practical use of BTC is too niche to justify a half-billion total nominal value - who reject the "rocketship or nothing" dichonomy and expect the price to eventually stabilize at something more like $13/coin. There are miners who think BTC will fail in the long-term, and are just here to get their block rewards (cashed out for fiat) until it happens. And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll revisit $2 before it gets there. Title: Re: proudhon Post by: jubalix on March 20, 2013, 03:27:42 PM EVERYONE in this forum is a bull, even the ones that claim to be bears because if you were a bear, you wouldn't care about bitcoin and you wouldn't be in this forum to begin with. I disagree!If we define "bull" as "one who expects the BTC price to rise", and "bear" as "one who expects the BTC price to fall", I can imagine plenty of reasons to be interested in the Bitcoin technology that don't imply bullishness - even long-term bullishness. There are people who think that the blockchain technology is the future of currency, but see the Satoshi implementation as riddled with instabilities or bad design decisions that will require a new blockchain to (and thus, the eventual abandonment of BTC as current money) to resolve. There are people who simply believe that the practical use of BTC is too niche to justify a half-billion total nominal value - who reject the "rocketship or nothing" dichonomy and expect the price to eventually stabilize at something more like $13/coin. There are miners who think BTC will fail in the long-term, and are just here to get their block rewards (cashed out for fiat) until it happens. And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll revisit $2 before it gets there. this is me And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll rmay evisit $2 before it gets there. but then i will mass buy I think there are enough tech head in BTC to solve Blockchain/BTC tech issues as they arise, the recent forK debacle did show resiliance infact if you think about it the fork had the opposite effect to the Cyprus eu fork Title: Re: proudhon Post by: proudhon on March 20, 2013, 04:06:39 PM EVERYONE in this forum is a bull, even the ones that claim to be bears because if you were a bear, you wouldn't care about bitcoin and you wouldn't be in this forum to begin with. I disagree!If we define "bull" as "one who expects the BTC price to rise", and "bear" as "one who expects the BTC price to fall", I can imagine plenty of reasons to be interested in the Bitcoin technology that don't imply bullishness - even long-term bullishness. There are people who think that the blockchain technology is the future of currency, but see the Satoshi implementation as riddled with instabilities or bad design decisions that will require a new blockchain to (and thus, the eventual abandonment of BTC as current money) to resolve. There are people who simply believe that the practical use of BTC is too niche to justify a half-billion total nominal value - who reject the "rocketship or nothing" dichonomy and expect the price to eventually stabilize at something more like $13/coin. There are miners who think BTC will fail in the long-term, and are just here to get their block rewards (cashed out for fiat) until it happens. And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll revisit $2 before it gets there. this is me And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll rmay evisit $2 before it gets there. but then i will mass buy I think there are enough tech head in BTC to solve Blockchain/BTC tech issues as they arise, the recent forK debacle did show resiliance infact if you think about it the fork had the opposite effect to the Cyprus eu fork Mark my words, we will never see $2 or $10 again unless a technical issue arises (hacking/crypto crack) It looks like bids are getting exhausted finally, and those of us who went through 2011 have heard the we-will-nevers before. Once things turn, they'll turn fast and dramatically and it'll take another few years for the project to recover, assuming it can withstand another 2011 (and I'm not super confident it can). Title: Re: proudhon Post by: Piper67 on March 20, 2013, 04:15:25 PM EVERYONE in this forum is a bull, even the ones that claim to be bears because if you were a bear, you wouldn't care about bitcoin and you wouldn't be in this forum to begin with. I disagree!If we define "bull" as "one who expects the BTC price to rise", and "bear" as "one who expects the BTC price to fall", I can imagine plenty of reasons to be interested in the Bitcoin technology that don't imply bullishness - even long-term bullishness. There are people who think that the blockchain technology is the future of currency, but see the Satoshi implementation as riddled with instabilities or bad design decisions that will require a new blockchain to (and thus, the eventual abandonment of BTC as current money) to resolve. There are people who simply believe that the practical use of BTC is too niche to justify a half-billion total nominal value - who reject the "rocketship or nothing" dichonomy and expect the price to eventually stabilize at something more like $13/coin. There are miners who think BTC will fail in the long-term, and are just here to get their block rewards (cashed out for fiat) until it happens. And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll revisit $2 before it gets there. this is me And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll rmay evisit $2 before it gets there. but then i will mass buy I think there are enough tech head in BTC to solve Blockchain/BTC tech issues as they arise, the recent forK debacle did show resiliance infact if you think about it the fork had the opposite effect to the Cyprus eu fork Mark my words, we will never see $2 or $10 again unless a technical issue arises (hacking/crypto crack) It looks like bids are getting exhausted finally, and those of us who went through 2011 have heard the we-will-nevers before. Once things turn, they'll turn fast and dramatically and it'll take another few years for the project to recover, assuming it can withstand another 2011 (and I'm not super confident it can). Seriously, man, stop this. You keep contrarian-predicting these spikes and I have to get to work!!! Title: Re: proudhon Post by: deathcode on March 20, 2013, 07:48:30 PM EVERYONE in this forum is a bull, even the ones that claim to be bears because if you were a bear, you wouldn't care about bitcoin and you wouldn't be in this forum to begin with. I disagree!If we define "bull" as "one who expects the BTC price to rise", and "bear" as "one who expects the BTC price to fall", I can imagine plenty of reasons to be interested in the Bitcoin technology that don't imply bullishness - even long-term bullishness. There are people who think that the blockchain technology is the future of currency, but see the Satoshi implementation as riddled with instabilities or bad design decisions that will require a new blockchain to (and thus, the eventual abandonment of BTC as current money) to resolve. There are people who simply believe that the practical use of BTC is too niche to justify a half-billion total nominal value - who reject the "rocketship or nothing" dichonomy and expect the price to eventually stabilize at something more like $13/coin. There are miners who think BTC will fail in the long-term, and are just here to get their block rewards (cashed out for fiat) until it happens. And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll revisit $2 before it gets there. this is me And that's not even counting all the people who think BTC will go to the moon in a hundred years, but think it'll rmay evisit $2 before it gets there. but then i will mass buy I think there are enough tech head in BTC to solve Blockchain/BTC tech issues as they arise, the recent forK debacle did show resiliance infact if you think about it the fork had the opposite effect to the Cyprus eu fork Mark my words, we will never see $2 or $10 again unless a technical issue arises (hacking/crypto crack) It looks like bids are getting exhausted finally, and those of us who went through 2011 have heard the we-will-nevers before. Once things turn, they'll turn fast and dramatically and it'll take another few years for the project to recover, assuming it can withstand another 2011 (and I'm not super confident it can). If after hours and hours of learning and reading about BTC you are still posting things like these, then you haven't learned much and I have serious doubts about your level of understanding of the technology, particularly at this maturity level and level of adoption that, even though it's still minimal, it's enough to justify its current price. Title: Re: proudhon Post by: mccorvic on March 20, 2013, 07:54:05 PM It looks like bids are getting exhausted finally, and those of us who went through 2011 have heard the we-will-nevers before. Once things turn, they'll turn fast and dramatically and it'll take another few years for the project to recover, assuming it can withstand another 2011 (and I'm not super confident it can). Proudhon, I know you're just doing this bear thing as a troll, or performance art, or something, so this response is more to noobies who don't know you: The bids are actually still near an all time-high of 7.25ish million while they were just above 8mil before today's huge buy. This means that bids are no where near exhausted. Not even close. Title: Re: proudhon Post by: samson on March 20, 2013, 08:48:58 PM It looks like bids are getting exhausted finally, and those of us who went through 2011 have heard the we-will-nevers before. Once things turn, they'll turn fast and dramatically and it'll take another few years for the project to recover, assuming it can withstand another 2011 (and I'm not super confident it can). Proudhon, I know you're just doing this bear thing as a troll, or performance art, or something, so this response is more to noobies who don't know you: The bids are actually still near an all time-high of 7.25ish million while they were just above 8mil before today's huge buy. This means that bids are no where near exhausted. Not even close. That's quite something considering the main bank in Japan was closed for a bank holiday today. |
