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Don't buy now, wait until the price hits $500.
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This is going to be like throwing the titanic off a cliff when the down move comes.
Damn right. I am no expert but I have trading in stocks, FX and commodities on regulated markets for over 20 years in a purely amature but very active fashion. I was participant in the dot com bubble in the 90's and the recent credit crunch so I would class myself as quite battle hardend. If this starts falling it will have no buyers until it hits rock bottom. There will be no brakes; nobody covering shorts and no real world assets to limit the fall out. Sure it might go up some more. Most likely some people around here are soon going to see some primal brutal human fear kicking them in face. Remember these words, soon you will understand their meaning. I guess you haven't bothered to look at the charts in the last week? |
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couple of additions
1) I am not saying bitcoin could never go to $1000 before $35 - yeah it sure could, the market can stay illogical much longer. MY instinct is telling me no ways. If it does - well very cool for all of you holding. When this turns, it will turn very quickly. The average person buying here is not a wealthy investor who is playing with bitcoin with 0.5 % or less of their total net worth and doesn't really care. My gut is telling me at least 50% of the new buyers will be losing sleep at night if bitcoin stops moving up, nevermind starts crashing.
2) Remember for those of you that are speculating here (be honest - are you NEVER EVER going to sell or use your bitcoins? if you are holding for higher prices you are a speculator) - you have made ZERO dollars until you book your profits.
3) there are NO short sellers in this market because there really isnt any way to short this thing (and don't point me to one of those scam websites that supposedly are "option" trading sites on bitcoin, what a joke). When it turns there is going to be a friggn giant hole under it. You need short sellers to stabilize a market. No one is there to take profit on the down and therefore become buyers. This is going to be like throwing the titanic off a cliff when the down move comes.
1) If you make decisions based on emotion instead of reason, it's a good thing you got out. 2) This is exactly the kind of nonsense a speculator says. Not all of us are here to daytrade, chief. 3) There are several places to short. Here is one: https://icbit.se/ |
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After reading this post im tempted to sell all, giving me a profit of $2000+. Not a bad profit seeing how i've bought my first bitcoin 3 weeks ago.
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Oh yay! More bragging about selling out! These threads always end well. However, I'm far from convinced that the stupid money is exhausted at this point. Could be a long way to go.
So, you're calling the fiat that people are exchanging for bitcoin "stupid money", yet it's what you accepted for yours (if you actually had any)? I agree, Good jerb!  |
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I think we've finally found someone with a less coherent "business plan" than dank.
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these coins are not worthless to developers who need the coins for testing
But developers shouldn't have to PAY in order to contribute their time/energy to development. What is wrong with you? |
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It is ludicrous to demand that anyone who loses value X be repaid at value X*10.
Look at the exchange rate on the day of the hack, and return debt based on that.
I think those that had X bitcoins on the day of the hack should be repaid X bitcoins, not 10X bitcoins. I haven't seen anything to indicate that Roman disagrees with you. |
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I've heard extraordinarily bad things about this book; anyone care to explain what it's about in a couple of sentences?
Think for yourself. Be yourself. That sounds like a good premise for a book. So that only leaves the question: why's it getting so much hate? For the same reason that many people seem to hate Bitcoin, I guess. Truer words have never been spoken. |
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Man, I'd pay my rent in BTC if I could :/
Talk to your landlord! |
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Am I the only person who thought this was a topic about Bitcoin being featured on a radio show?
Cool news, though.
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To be clear, Bitfloor doesn't charge a fee for cash deposits.
They are using LocalTill, a cash payment service - they are the ones getting the fee.
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LOL, I remember the last story that started with "Sorry."
Ignorance and self-righteousness, what a combo.
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Many substances have both benefits and bad effects. Including alcohol, marijuana, amphetamine and so on. All comes down to proper consumption.
Sugar is not poison. It is high energy source. But I drink my coffee black. I grind the coffee beans and pour with boiling water. I don't add anything else. I don't like sugar anymore and milk makes me sick.
Biochemists beg to differ: http://www.youtube.com/watch?v=dBnniua6-oM |
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Moderate caffeine consumption has some health benefits. Sugar, on the other hand, is basically poison. I would make sure you don't exceed 200mg per day, but you don't have to cut it out. The best way to reduce your dependency is to buy pure caffeine (amazon has it) and some precise measuring spoons, and slowly reduce your current intake down to 150-200mg over a couple of weeks. That's about the equivalent of 1 cup of coffee. Small doses of caffeine work really well with various nootropic stacks, if you're interested. CognativeNutrition.com takes Bitcoin. |
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