thanks...
but
I am still unclear
Does this mean that of the funds you have "lost"
25% buying high/hypothetical losses = So this means you have not actually lost anything with this 25% then ? ....yet and you say that part of the 25% was hypothetical i.e trades you could have made if you had perfect prevision?or were trading with hindsight? (which means that you did not actually lose anything there either? 25% bad trading - does this mean that you consistently nipped away at your net worth through bad trades? (did you keep buying high and selling low?) or did you make leveraged losses (or both?)
Also of the money you have lost that only cover 50% how did you lose the other 50%?
Also it does make all of the difference... it is the difference between saying "Bitcoin, will lose you money" and "I made some bad decisions/had bad luck trading Bitcoin" with the latter statement you could replace Bitcoin with "gold, silver, forex, stocks, etc etc i,e any trading instrument" and with the former, you are making a statement regarding Bitcoin itself.
You make the statement about loss of confidence in the Bitcoin market, is this a personal statement?
Having bought BTC a fair time ago... and held all the way through several previous rallies, and during ath and continuing to hold today, I would say that my confidence in the Bitcoin market is stronger than ever before... for many obvious reasons... I for one am experiencing no such loss of confidence...
May I ask have you experience in trading pre Bitcoin? short term trading or mid term trading?
Empowering: approximately when did you start buying BTC, and approximately what is your average per BTC buy in cost (including any admin/transaction fees)? your avg price is more interesting Jay, you bought your first coins of local bitcoin higher then 1000$ right? Thanks for your interest. My first 1.24 coins cost me $1,500 through Localbitcoins in late November 2013 (which was at $1200 per BTC). Thereafter I was buying in fairly small increments for the next several months, and I ran out of fiat a few times when the prices were lower (such as in the $350s). My average price per BTC including administrative / and transaction costs is currently at about $605. I did have my average cost per BTC down to $595, but then I got a bit excited in the recent $600s in part due to extensive amounts of fiat coming into my bank account (around that time - mostly in June and July). Due to the quantity of my current BTC holdings, I am fairly doubtful that I will be able to bring my average price per BTC down very much in the near future, and I am anticipating some bring my average price per BTC down to be possibilities when BTC prices cross above the trendline or at minimum when BTC prices cross at least 20% above my buy-in price.
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You mostly seem to be full of shit and talking your book, but since you gave some borderline non-trollish responses, I will respond in turn. If you are disappointed, likely you set up your own false expectations or over invested or failed to have a strategy. Probably, you are just saying that you are disappointed b/c you seem to be trolling us, yet disappointed seems to be an awkward choice of words.. mostly you can be disappointed about yourself, which would make the most sense for a decent context for the use of the word. short term i am really bearish, mid term stagnating at best, long term the chances are 30:70 against a bitcoin rise...
your odds are stated weirdly... are you saying only 30% chance that bitcoin will rise from it's present price? Actually, the odds seem pretty decent that BTC prices will rise from its present price in the very near future.. less than a month is very likely.. but I am NOT really very certain about these kinds of predictions.. if we are talking about a year or even 5 years, then the odds are pretty fricken high that BTC will rise from its current price.. and there is a matter of quantity and a matter of stability and a matter of considering whether cashing out at any point is appropriate as or after such rise has occurred and people will come to varying conclusions regarding that. with that personal pov, the next time i meet some people to talk about bitcoins i will have to say that i lost a lot of money and maybe now is not a good entry point because more losses are expected
If you lost money, likely it is due to your trading. You do NOT lose money until you cash out, and if you picked unrealistic time lines then maybe you just had a bad strategy or a bad plan. If you want to tell people that you are a stupid-ass fuck up, then that is your choice. Sometimes it would be better to frame the topic a little more objectively and a little bit beyond your own narrow experiences (especially if you made some stupid ass mistakes b/c you were greedy or if you just merely had some bad luck). In other words, bitcoin is far from over,and if you believe that there are going to be further losses, you and your friends may well miss the train or being running after it. there really has to be a rise soon or mass market adoption will fail, cause everyone will consider bitcoin as too dangerous or will forget about it
Bitcoin does NOT appear to be in such a perilous stage as you seem to be describing it to be. Yes, there may be additional decreases in price and price may possibly (though seemingly unlikely) sink into the $300s again, but even that would NOT be a death knell to bitcoin absent some further negative developments above and beyond downward price manipulation. i will hodl what is left but i will not consider buying more and i will explicitly make aware of the danger of losing all investments...i prefer that they say "why didn't you force me to buy" than "because of you i lost a shitload of money"
I would NOT force or attempt to persuade anyone.. If you want to be helpful to people, you merely need to provide them some information and allow them to come to their own conclusion(s) regarding how and whether to proceed. i tried to be really polite sound reasonable (if you like it or not)...and still you managed to call me piece of shit? well...fuck you You tried to be polite? Well, you seemed to have NOT been trying very hard, and you have little self control, no wonder you are having troubles with your BTC investments. Regarding my comments towards you, I was attempting to be helpful to you and to people in like situations. Too bad that you took my various comments so personally. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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thanks...
but
I am still unclear
Does this mean that of the funds you have "lost"
25% buying high/hypothetical losses = So this means you have not actually lost anything with this 25% then ? ....yet and you say that part of the 25% was hypothetical i.e trades you could have made if you had perfect prevision?or were trading with hindsight? (which means that you did not actually lose anything there either? 25% bad trading - does this mean that you consistently nipped away at your net worth through bad trades? (did you keep buying high and selling low?) or did you make leveraged losses (or both?)
Also of the money you have lost that only cover 50% how did you lose the other 50%?
Also it does make all of the difference... it is the difference between saying "Bitcoin, will lose you money" and "I made some bad decisions/had bad luck trading Bitcoin" with the latter statement you could replace Bitcoin with "gold, silver, forex, stocks, etc etc i,e any trading instrument" and with the former, you are making a statement regarding Bitcoin itself.
You make the statement about loss of confidence in the Bitcoin market, is this a personal statement?
Having bought BTC a fair time ago... and held all the way through several previous rallies, and during ath and continuing to hold today, I would say that my confidence in the Bitcoin market is stronger than ever before... for many obvious reasons... I for one am experiencing no such loss of confidence...
May I ask have you experience in trading pre Bitcoin? short term trading or mid term trading?
Empowering: approximately when did you start buying BTC, and approximately what is your average per BTC buy in cost (including any admin/transaction fees)?
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Poor guy. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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You're not alone. I also feel these stories are manufactured. It is not what I experience with other people. Sure, some of them are in doubt, but others are at the brink of buying their first bitcoin because of my enthusiastic talk about it.
can you explain me how to explain the long decline to them? -20% in the last 30 days are not very enthusiastic... +5% shorts in 24 hours could be an opportunity and the much needed momentum upwards... look at the history broader than 30 days .. also look at the history broader than the last 9 months. Maybe also explain diversification and only investing your comfort level rather than investing either balls to the wall or expectations to get rich quickly? Even though you may be a trader or others may want to attempt to get rich through trading, most people lose a lot of money through trading and a more sound dollar cost averaging system should be contemplated and employed.. in other words buying and holding.. and investing in small increments. that's more or less what i always said...don't get me wrong with my bearishness...maybe a few percent and i'm bullish again...but right now after all the dumps and failed 'rallies' i am really disappointed... You mostly seem to be full of shit and talking your book, but since you gave some borderline non-trollish responses, I will respond in turn. If you are disappointed, likely you set up your own false expectations or over invested or failed to have a strategy. Probably, you are just saying that you are disappointed b/c you seem to be trolling us, yet disappointed seems to be an awkward choice of words.. mostly you can be disappointed about yourself, which would make the most sense for a decent context for the use of the word. short term i am really bearish, mid term stagnating at best, long term the chances are 30:70 against a bitcoin rise...
your odds are stated weirdly... are you saying only 30% chance that bitcoin will rise from it's present price? Actually, the odds seem pretty decent that BTC prices will rise from its present price in the very near future.. less than a month is very likely.. but I am NOT really very certain about these kinds of predictions.. if we are talking about a year or even 5 years, then the odds are pretty fricken high that BTC will rise from its current price.. and there is a matter of quantity and a matter of stability and a matter of considering whether cashing out at any point is appropriate as or after such rise has occurred and people will come to varying conclusions regarding that. with that personal pov, the next time i meet some people to talk about bitcoins i will have to say that i lost a lot of money and maybe now is not a good entry point because more losses are expected
If you lost money, likely it is due to your trading. You do NOT lose money until you cash out, and if you picked unrealistic time lines then maybe you just had a bad strategy or a bad plan. If you want to tell people that you are a stupid-ass fuck up, then that is your choice. Sometimes it would be better to frame the topic a little more objectively and a little bit beyond your own narrow experiences (especially if you made some stupid ass mistakes b/c you were greedy or if you just merely had some bad luck). In other words, bitcoin is far from over,and if you believe that there are going to be further losses, you and your friends may well miss the train or being running after it. there really has to be a rise soon or mass market adoption will fail, cause everyone will consider bitcoin as too dangerous or will forget about it
Bitcoin does NOT appear to be in such a perilous stage as you seem to be describing it to be. Yes, there may be additional decreases in price and price may possibly (though seemingly unlikely) sink into the $300s again, but even that would NOT be a death knell to bitcoin absent some further negative developments above and beyond downward price manipulation. i will hodl what is left but i will not consider buying more and i will explicitly make aware of the danger of losing all investments...i prefer that they say "why didn't you force me to buy" than "because of you i lost a shitload of money"
I would NOT force or attempt to persuade anyone.. If you want to be helpful to people, you merely need to provide them some information and allow them to come to their own conclusion(s) regarding how and whether to proceed.
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NICE!!!!!!! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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You're not alone. I also feel these stories are manufactured. It is not what I experience with other people. Sure, some of them are in doubt, but others are at the brink of buying their first bitcoin because of my enthusiastic talk about it.
can you explain me how to explain the long decline to them? -20% in the last 30 days are not very enthusiastic... +5% shorts in 24 hours could be an opportunity and the much needed momentum upwards... look at the history broader than 30 days .. also look at the history broader than the last 9 months. Maybe also explain diversification and only investing your comfort level rather than investing either balls to the wall or expectations to get rich quickly? Even though you may be a trader or others may want to attempt to get rich through trading, most people lose a lot of money through trading and a more sound dollar cost averaging system should be contemplated and employed.. in other words buying and holding.. and investing in small increments.
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This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.) Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy. Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important. I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book. Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time . I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them. One step nearer to getting out of bear market. If only there are more posts like this. I kind of wonder: Are these posts for real, or are they just faking it... ? You're not alone. I also feel these stories are manufactured. It is not what I experience with other people. Sure, some of them are in doubt, but others are at the brink of buying their first bitcoin because of my enthusiastic talk about it. I have the same sense - even though many people may be looking at BTC prices dropping, they are also wondering a good entry point
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You need a better definition of fake.... In other words, even if what you are saying is true (that 90%of transactions are between the same owner) so fucking what? Hey Jay, why so aggressive? Listen to this to relax. Aggressive in what respect?
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Fear not, Openbazaar is alive and kicking. As i strongly believe price is correlated to number of transactions (which is different from plain adoption/number of wallets) i think in the near future (months) we will be able to see metcalfe's law applied to bitcoin in his newly born habitat.
Actually bitcoins are mostly held or traded intra exchange, neither of those is good for the health of the network, it's like a brain without neurotransmitters--->no thoughts-->mostly useless and easily manipulated.
More than 90% of the transaction volume (transaction count and total BTC output) on the blockchain is "fake" -- that is, between addresses with the same owner. Prove that this statement is wrong. (Evidence that it is correct: the way it has changed with time for the past year.) You need a better definition of fake.... In other words, even if what you are saying is true (that 90%of transactions are between the same owner) so fucking what?
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This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.) Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy. Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important. I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book. Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time . I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them. The whole of this comment is so stupid that it is NOT worth responding to in a detailed manner, and really the comment reeks of someone who is talking his/her book. If you do NOT believe in bitcoin anymore, then why don't you just sell all of it, and just walk away with whatever fiat you have remaining. GOOD BYE. Instead, no you are likely going to continue to stay here and talk your bullshit until such point that you will say that you bought back in.... possibly with more coins.. but if you get left by the choo choo, that would be even better carma to reward you for your apparently deceitful presentation. Regarding the bold session above, good luck doubling your coins every 90 days or guaranteeing such. I am pretty sure that you would NOT put your money where your mouth is b/c if you were to make such a bet that you can double your BTC stash in 90 days, the odds are pretty great that you would lose such a bet. 2nd step of loss and grief: anger Identify the anger? Where is it? We spotted you doing this, man. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fencrypted-tbn1.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcQGv_PX2Q9GDx5S_BeW_5C1cN2mJwT1MlBXrYHt89EjnIPKrrNcrg&t=663&c=6ejZajgx3cNZoA) You (the royal "we") must have mixed me up with some one else.
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![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Let's say we get to 500, first, there champ. 1 BTC = 100,000 $ when
5-10 years-ish.. maybe closer to 10 years at the rate this seems to have been going, recently. patronizing or what? Do you have a prediction, or merely a non-prediction? Are you suggesting that BTC prices are going to stay below $500 for any significant period of time? What is your prediction? HELLO? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? In sum: I stick with my earlier comment, as referenced above.
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This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.) Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy. Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important. I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book. Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time . I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them. I think everybody is just counting on Wall Street attempting to pump this puppy one more time, which they have the power to do, so they really might convince people that for some reason this time is different... and then wham!!! They'll take everyone who is still left over's lunch money. The question is whether this is the last pop before the lunch money gets stolen, not whether lunch money will be stolen. You seem to be fairly pessimistic in this comment, Newbie. You are suggesting that regular people may be able to profit from one more bubble, possibly (NOT for certain), but sooner or later we are all gonna get screwed by the involvement of wallstreet in this bitcoin thingy-ma-jiggy. In my thinking you are exaggerating too greatly, and so long as some of us "early adopters" do NOT blink and we continue to accumulate BTC (just like wallstreet investors are doing - we are just doing it on a smaller scale), there are considerable possibilities that a lot of us HODLers are gonna profit greatly in the short-term pump and then probably there is going to be continued growth in the BTC space. For example, nobody on wallstreet or even in the government or in big business gives a fuck if a few people (even hundreds of thousands) become extremely well off b/c of their "stick-with-it-ness." Let's say in the mid-1980, someone had invested in microsoft, when it was pennies, and they bought a few thousand dollars in shares. NO one would give a fuck if they cashed out in 1999 with 5,000x profits. Sure uncle sam is gonna want to take his cut from the gains, but that would NOT be as big of a problem as NOT having the gains. In other words, paying tax on 5,000x gains would NOT be a bad problem to have. Anybody simply holding is 50/50 likely to be fine. Anybody on margin is f---ed. The Junta calls the prices... they have too many chips. We are likely to start to see Martingale style behavior amongst those shorting like we saw on the longs... this will exacerbate the situation. If you are trading, then you are just screwed and I have no problem saying that. If you are holding then it is a different game. BUT, there are many broader issues as well... brand damage due to the manipulation, the availability of alternatives (the Apple IMoney is lame, but it will eat in heavily to the Newbie market), and the lameness of the offers by the large retailers. Caveat to the Caveat... OpenBazaar may save us. We really could use a black market. Don't attack everybody who is pessimistic on a personal level, bro. The market has spun up and down (mostly down), a lot of people have gotten whipsawed, and many of them are irritated by it. Let people vent. I don't see where I have been attacking anyone on a personal level, whether they be pessimistic or NOT. Yes, I may used strong language from time to time, but that is NOT the same as personal attacks - unless I have done so inadvertently, which is possible.. though I consciously attempt to avoid NON-substantive attacks... except maybe some joking, here and there. My sense is that I merely attempt to go to the substance of the various arguments and to point out contradictions and to express irritation (from time to time) when people seem to be engaging in misleading posts in order to talk up their books. Also, 5,000x gains... No. Just not happening. Maybe if the starting point is $1.
I was attempting to provide a non-bitcoin example of large scale profits (or at least the potential for such, for people who could have invested). Bitcoin has also already experienced much more than 5,000x gains in its history. So far, I had NOT been commenting about whether another 5,000x gains are possible or probable, yet upon contemplations, I believe another 5,000x gains in BTC are possible, but do NOT seem to be very probable. 2x to 10x gains seem more probable and sustainable; however, 20 to 50x gains are NOT out of the range of reasonableness regarding calculating future expected value probabilities. My main point was that regulators are NOT really gonna give a fuck, if people are able to eek out these kinds of profits from bitcoin, so long as they get their cut from the gains.
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This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.) Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy. Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important. I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book. Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time . I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them. The whole of this comment is so stupid that it is NOT worth responding to in a detailed manner, and really the comment reeks of someone who is talking his/her book. If you do NOT believe in bitcoin anymore, then why don't you just sell all of it, and just walk away with whatever fiat you have remaining. GOOD BYE. Instead, no you are likely going to continue to stay here and talk your bullshit until such point that you will say that you bought back in.... possibly with more coins.. but if you get left by the choo choo, that would be even better carma to reward you for your apparently deceitful presentation. Regarding the bold session above, good luck doubling your coins every 90 days or guaranteeing such. I am pretty sure that you would NOT put your money where your mouth is b/c if you were to make such a bet that you can double your BTC stash in 90 days, the odds are pretty great that you would lose such a bet. 2nd step of loss and grief: anger Identify the anger? Where is it?
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1 BTC = 100,000 $ when
5-10 years-ish.. maybe closer to 10 years at the rate this seems to have been going, recently.
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i guess someone bought his own asks just to keep us involved
lol, you think someone is that fool and give free commission. There was big order and it was eaten by others. well then there were no fake walls and people with ~ 2000btc just got out I think 500 btc might have been pulled. 3 orders were static, one order of 500 or 600 coins was being flashed at different prices every few minutes. I did not see it get bought. Remember, there were at least 3 attempts to break 500 before it succeeded, and then we fell to 470. He sold coins expecting to buy them back at 430. 40USD drop...that will be roughly an 8% increase in coins in 24-48 hours if the pattern holds. Good luck with that. I am pretty doubtful, and maybe give less than 10% odds of $430 in 48 hours.
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This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.) Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy. Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important. I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book. Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time . I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them. It is debatable whether a rise/fall in the number of speculators indicates a rise/fall in the level of adoption. they take bitcoin to sell them immediately...doesn't look like real adoption to me...it's also very easy to stop adopting bitcoin...and if no one is using it they will stop it... just look at the decline in fiat numbers...there will be no newbies if it goes down for much longer...no one buys digital money if it seems to be worthless in a few months... one of the biggest arguments for a rise in newbies always was that bitcoin is deflationary...but this doesn't look very deflationary to me..600$ from a couple of weeks are only 475$ now... the same situation in real life should turn people to use bitcoin...right now it makes more sense to buy argentinian pesos Yeah... good luck with your Argentine Peso.... and good bye... Adios!!!!!! ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
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This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.) Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy. Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important. I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book. Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time . I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them. One step nearer to getting out of bear market. If only there are more posts like this. I kind of wonder: Are these posts for real, or are they just faking it... ?
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This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.) Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy. Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important. I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book. Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time . I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them. I think everybody is just counting on Wall Street attempting to pump this puppy one more time, which they have the power to do, so they really might convince people that for some reason this time is different... and then wham!!! They'll take everyone who is still left over's lunch money. The question is whether this is the last pop before the lunch money gets stolen, not whether lunch money will be stolen. You seem to be fairly pessimistic in this comment, Newbie. You are suggesting that regular people may be able to profit from one more bubble, possibly (NOT for certain), but sooner or later we are all gonna get screwed by the involvement of wallstreet in this bitcoin thingy-ma-jiggy. In my thinking you are exaggerating too greatly, and so long as some of us "early adopters" do NOT blink and we continue to accumulate BTC (just like wallstreet investors are doing - we are just doing it on a smaller scale), there are considerable possibilities that a lot of us HODLers are gonna profit greatly in the short-term pump and then probably there is going to be continued growth in the BTC space. For example, nobody on wallstreet or even in the government or in big business gives a fuck if a few people (even hundreds of thousands) become extremely well off b/c of their "stick-with-it-ness." Let's say in the mid-1980, someone had invested in microsoft, when it was pennies, and they bought a few thousand dollars in shares. NO one would give a fuck if they cashed out in 1999 with 5,000x profits. Sure uncle sam is gonna want to take his cut from the gains, but that would NOT be as big of a problem as NOT having the gains. In other words, paying tax on 5,000x gains would NOT be a bad problem to have.
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This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.) Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy. Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important. I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book. Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time . I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them. The whole of this comment is so stupid that it is NOT worth responding to in a detailed manner, and really the comment reeks of someone who is talking his/her book. If you do NOT believe in bitcoin anymore, then why don't you just sell all of it, and just walk away with whatever fiat you have remaining. GOOD BYE. Instead, no you are likely going to continue to stay here and talk your bullshit until such point that you will say that you bought back in.... possibly with more coins.. but if you get left by the choo choo, that would be even better carma to reward you for your apparently deceitful presentation. Regarding the bold session above, good luck doubling your coins every 90 days or guaranteeing such. I am pretty sure that you would NOT put your money where your mouth is b/c if you were to make such a bet that you can double your BTC stash in 90 days, the odds are pretty great that you would lose such a bet.
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