3600 coins are 3600 coins, and it doesn't matter whether they are mined on some guys phone or a wall of silicon a mile high. But the guy who has to buy the mountain of silicon is a lot less likely to sell them for peanuts. Even one location like this is NOT going to mine all of the coins... maybe 30% at best, no? |
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We've talked about this before, too. I already told you that I would say the same things to your face as I do behind a keyboard; however, it is likely that I would NOT tolerate being around somebody like you for very long. Additionally, I would probably NOT want to meet somebody like you face to face, at this point, b/c it sounds as if you have violent tendencies, so why would I want to put myself in a violent situation with someone who is supposed to be a grown man, but has difficulties articulating himself, so he wants to resort to physical confrontation. I would NOT want to do that b/c I consider myself to be able to resolve matters without physical violence.. yet I am prepared to throw down on the street if I have to with some stranger; however, i am NOT going to purposefully put myself into some physical altercation situation with someone who is already engaging in implied threats.
The only time having any physical fight is defending my 3 years old daughter at the time from an alcoholic crack head, otherwise I have never in my life had any physical attack from or to anyone, if you are so annoyed by my post, an easy way for your misery would be hitting that ignore and have peace with yourself. my irritation with you has NOT reached that level, yet, even though you can be quite provocative and even repetitive... well, anyhow, I am glad to be corrected and to hear from you that you are NOT the violent type. well, you maybe didn't yet, but I already had it with your nonsense, I don't know why I even putted you out of my ignore, you are going back there anyway. right when I think that we are starting to have a mutual understanding, you get all upset and change your mind and decide to discontinue communications... ... Either way is fine with me... |
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We've talked about this before, too. I already told you that I would say the same things to your face as I do behind a keyboard; however, it is likely that I would NOT tolerate being around somebody like you for very long. Additionally, I would probably NOT want to meet somebody like you face to face, at this point, b/c it sounds as if you have violent tendencies, so why would I want to put myself in a violent situation with someone who is supposed to be a grown man, but has difficulties articulating himself, so he wants to resort to physical confrontation. I would NOT want to do that b/c I consider myself to be able to resolve matters without physical violence.. yet I am prepared to throw down on the street if I have to with some stranger; however, i am NOT going to purposefully put myself into some physical altercation situation with someone who is already engaging in implied threats.
The only time having any physical fight is defending my 3 years old daughter at the time from an alcoholic crack head, otherwise I have never in my life had any physical attack from or to anyone, if you are so annoyed by my post, an easy way for your misery would be hitting that ignore and have peace with yourself. my irritation with you has NOT reached that level in which I would want to ignore you, yet, even though you can be quite provocative and even repetitive... but I still would like to look through your posts to make sure that they are not too "OUTRAGEOUS"  well, anyhow, I am glad to be corrected and to hear from you that you are NOT the violent type. |
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Well, ultimately when people invest, they consider probabilities and then invest accordingly. Some people stick to their guns and just wait it out, and others waffle and others monitor and methodically readjust their investments. If some people consider bitcoins to be like snake oil, then they will likely choose NOT to invest or they may choose to get out of BTC as an investment. I doubt that the perception of snake oil is as prevalent as you make it out to be, and instead there are more and more people who are becoming inclined to invest in BTC rather than disinclined.. and we will see how that evolves over the coming months. I expect upward, and you seem to be communicating that you expect downward, and we will see who is right... that is if you are still hanging around here (to save us from ourselves and the snake oil salesmen) next year.
Ok, let's just see how the market goes, and how your doubts will work out for you  Would you like to pick a date that we can check in with one another regarding the price and/or the success of bitcoin? I prefer to pick a date after May of next year, but if you think another date would be suitable, we could do that as well. After may of next year sounds good to me I mean what do you think would be the measurement by then? Do you think BTC will be stagnant (that surely is too bullish for your description of scenarios)? or do you think that BTC will be valued less than $10? What is a likely scenario that you are suggesting? Do you believe that BTC will be outlawed in some areas of the world? Do you believe there will be some kind of major security flaw? Do you think that there will be more MTGOX type situations that undermines public confidence in BTC? What are we looking for in May 2015? I would suggest that BTC is going to still be vibrant by next May and the price will likely be anywhere between $500 per BTC and $5,000 per BTC. I would be surprised if BTC prices are outside of that range, but even if prices are outside that range, I doubt that prices alone dictates whether BTC is successful, so if you want to indicate other ways of success or failure, I may be able to play along with you. |
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Well, ultimately when people invest, they consider probabilities and then invest accordingly. Some people stick to their guns and just wait it out, and others waffle and others monitor and methodically readjust their investments. If some people consider bitcoins to be like snake oil, then they will likely choose NOT to invest or they may choose to get out of BTC as an investment. I doubt that the perception of snake oil is as prevalent as you make it out to be, and instead there are more and more people who are becoming inclined to invest in BTC rather than disinclined.. and we will see how that evolves over the coming months. I expect upward, and you seem to be communicating that you expect downward, and we will see who is right... that is if you are still hanging around here (to save us from ourselves and the snake oil salesmen) next year.
Ok, let's just see how the market goes, and how your doubts will work out for you Would you like to pick a date that we can check in with one another regarding the price and/or the success of bitcoin? I prefer to pick a date after May of next year, but if you think another date would be suitable, we could do that as well. 10-20 years in the future would be good. I have no real bets regarding BTC in that kind of time frame. I mean BTC could still be around or there could be some derivation of BTC.. I think in 5 years BTC will be around.. but 10 years or 20 years? Sure, it will be interesting, either way... but that is quite far off, and I expect that I may have to juggle around my BTC investments in the next 10 - 20 years... |
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in fact, I do remember, the only outrageous thing I recall is you getting pissed off when I said I sold half of my stash to take 2 years off,
Yes, we have already gone through this and probably the part that irritated me the most is your inability or unwillingness to articulate a plan for storage of your value for the next two years. and when I pointed out that I like the concept of forbidden interest on loans Islam applies in economics...
Yes, I inquired about this, but I believe other posters attacked your religion. I did NOT attack your religion, but later got irritated with you when you began to explain the different effect on your religion based on differing kinds of investments and that some things were forbidden and other things were o.k... and then explanation seemed ridiculous to me. you took my statement poorly and outrageously, the first statement is a personal choice, so I don't know why you care, the second statement is about me being open about religions and ideas,
I became irritated by what I perceived to be arrogance in your explanations and NOT that you have personal choices or religious beliefs. I studied many religions and I found the general concept to be a horse shit and delusion and just a way to govern people in the past, but this doesn't mean there is nothing to learn from them, I did learn so many amazing and smart concepts from different.
Agreed. It is good to be open to various other beliefs, and there may be things to learn from the beliefs and practices of others. since these 2 statements, you tend to attack me like an enemy, the thing is that hiding behind a screen gives you the courage to write such ignorant and hurtful things, I would like to meet you in person and have you tell me these things to my face.
We've talked about this before, too. I already told you that I would say the same things to your face as I do behind a keyboard; however, it is likely that I would NOT tolerate being around somebody like you for very long. Additionally, I would probably NOT want to meet somebody like you face to face, at this point, b/c it sounds as if you have violent tendencies, so why would I want to put myself in a violent situation with someone who is supposed to be a grown man, but has difficulties articulating himself, so he wants to resort to physical confrontation. I would NOT want to do that b/c I consider myself to be able to resolve matters without physical violence.. yet I am prepared to throw down on the street if I have to with some stranger; however, i am NOT going to purposefully put myself into some physical altercation situation with someone who is already engaging in implied threats. |
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Well, ultimately when people invest, they consider probabilities and then invest accordingly. Some people stick to their guns and just wait it out, and others waffle and others monitor and methodically readjust their investments. If some people consider bitcoins to be like snake oil, then they will likely choose NOT to invest or they may choose to get out of BTC as an investment. I doubt that the perception of snake oil is as prevalent as you make it out to be, and instead there are more and more people who are becoming inclined to invest in BTC rather than disinclined.. and we will see how that evolves over the coming months. I expect upward, and you seem to be communicating that you expect downward, and we will see who is right... that is if you are still hanging around here (to save us from ourselves and the snake oil salesmen) next year.
Ok, let's just see how the market goes, and how your doubts will work out for you Would you like to pick a date that we can check in with one another regarding the price and/or the success of bitcoin? I prefer to pick a date after May of next year, but if you think another date would be suitable, we could do that as well. |
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Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said. Maybe you did NOT inadequately summarize him on purpose, but you are putting a lot of new ideas into his communication that he did NOT assert. In his statement, he is merely suggesting that all sellers have gotten out already a long time ago, and there are NO sellers left. YES>>>> Maybe he is exaggerating a little bit, b/c there are going to be some exceptions to his assertion; however, what Rpietila is saying is largely true and accurate reflection of what is currently happening in the bitcoin space. no, it is not true. big asic mining companies will dump their coins no matter what the price is. You have any evidence of this? or just a bare assertion that is NOT supported by anything beyond your mere thoughts? you cant pay your electricity with bitcoins. and I know that there are asic farms that are spending 1 mil of $ every month. If you assume that ASIC farms are stretching their finances so thin that they do NOT have any fiat and they only have BTC,then maybe they would have to sell some of them. HOWEVER, if they realize that BTC are currently way under priced and that BTC are likely to appreciate in value considerably, then they may reconsider whether they will cash out. Additionally, if they realize that the BTC that they HODL are more likely to go up in value if they do NOT sell at low prices, then they will have a greater incentive to HODL until the prices go a bit higher. I would think that they have budgeted for downward trends and sideways trends in order that they do NOT have to sell out of desperation. NO one likes to have to sell out of desperation (and I am sure that there may be some miners that are thinly stretched and forced to sell, but that may be the exception rather than the rule). Accordingly, we still need evidence if you are going to assert that they are selling contrary to their better interest to HODL... or at least to minimize selling if they need to do it. I really dont care if you need more evidence. For big miners, mining is a business, so they have to cover their costs from what they mine. If they pay electricity out of their pocket because they think that the price will go up, they could just stop being a mining business and buy the coins instead. You do NOT care about evidence b/c you merely want to push your thesis that logically does NOT make sense for the reasons that I described in my earlier post. But that is fine, you can stick with your assumptions about miners being stretched razor thin and NOT realizing what is in their own interest(s). Your assumptions seem pie in the sky to me, but that does NOT mean that you cannot continue with such beliefs b/c it seems to make you feel good to suggest that 3400 coins are being dumped on the market on a daily basis.. when in fact we are likely NOT seeing such dumping. And, yes there may be some miners who are also interested in accumulating additional coins by buying some, too. if you are in a mining business - you dump your coins, unless you are a small miner who overpaid his hardware. if you dont dump your coins to pay your bills, you are not a miner anymore, but a speculator. You act as if you know something, but it really looks as if you are attempting to narrowly define concepts in order that you can be correct, but even if you narrowly define concepts, you seem to have NO evidence regarding the level to which there may be a supposed prevalence of miners who "dump their coins" in the real world. It makes little to NO logical sense for the reasons that I already described in my earlier post, and your making definitions does NOT shed better light on what is ACTUALLY taking place IN THE REAL WORLD. I dont need evidences. I dont have to measure or speculate the number of coins that miners dump everyday. for me definition of a mining business and the fact that there are new 3600 coins everyday are enough to conclude that there will be ALWAYS some selling pressure from the miners. with ASICs and concentration of hash in bigger farms more then ever actually. I agree with you to the extent that you are suggesting that sooner or later the 3600 coins per day will be sold, but there is a lot of difference regarding whether or NOT they are sold on an ongoing basis or whether the miners are more strategic with their selling. It makes little to no sense that they would just blindly flat sell them at set intervals, and it make a heck of a lot more sense that they are going to attempt to time the sales to be more effective and to get more bang for the buck. On the other hand, there will be some instances in which they will be forced to sell to pay for electricity for example, as you mentioned; however, in those cases that they are forced to sell for rates that they believe to be below market, the rational miner would minimize the amount that s/he sells at that particular time in order to wait for higher prices, which are inevitable so long as miners do NOT dump coins. |
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If 3100 wall on huobi fall, we are in trouble  Already broken on OKcoin. I believe that hammering guy did NOT live to hammer again. |
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There may be some truth to what you are saying, but I doubt that potential bitcoin investors are giving as much weight to MTGOX factors as you are making out of the situation. My understanding is that investment and adoption has considered to go up in the BTC space at a considerable rate, in spite of the GOX collapse in February and some of the later news of its various fallouts. Accordingly adoption and investment and liquidation opportunities are going to help to drive the next upward price wave.. whether that occurs this week, in the next couple of weeks, in the next couple of months or even a year down the road.
By the way, I doubt it is going to take another year before we find a new ATH.. that will likely soar BTC prices into at least the $3-5K range.. and possibly higher, if such growth is delayed further. In that regard, I am glad to be amongst early adopters (not as early as some but NOT as late as others, too).
I respect your doubts and guesses, because it's a speculation forum afterall. But, if you are an experienced investor, then these "little" things are The things that you have to consider when investing. To me, the market seems weak and it's perfectly logical to me why. Most of the people here like to think that the weak market is all one conspiracy, and there are always whales around the corner who will throw millions at BTC any moment now.. any moment now.. it will surely happen any moment now. To me, things are more simple then that. Currently it's just very hard to convince someone new to buy bitcoins without looking like a snake oil salesman. Well, ultimately when people invest, they consider probabilities and then invest accordingly. Some people stick to their guns and just wait it out, and others waffle and others monitor and methodically readjust their investments. If some people consider bitcoins to be like snake oil, then they will likely choose NOT to invest or they may choose to get out of BTC as an investment. I doubt that the perception of snake oil is as prevalent as you make it out to be, and instead there are more and more people who are becoming inclined to invest in BTC rather than disinclined.. and we will see how that evolves over the coming months. I expect upward, and you seem to be communicating that you expect downward, and we will see who is right... that is if you are still hanging around here (to save us from ourselves and the snake oil salesmen) next year. |
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I care about your trading to the extent that it may become an issue of discussion. My discussion of your trading or your assets is NOT done out of envy, but sometimes to bring in check some of your outrageous statements. If you do NOT make outrageous statements, then it will be easier for me (or anyone else for that matter) to refrain from responding to them or inquiring about them.
Yes, we talk about quite a few things here in this thread, but largely those topics seem to be related to bitcoin, even though sometimes tangentially related to bitcoin...
I would like you to point one of my outrageous statements, I want to know what you think is outrageous. We do NOT need to revisit all of our posts b/c I am sure that I have already pointed out several outrageous statements to you over the last couple of months. I may have NOT called them outrageous statements at the time, but taken together they likely add up to OUTRAGE. Additionally, I am sure sooner or later, you will make another "outrageous statement," so we can cross that bridge when, or if, we get there. If we do NOT get there, then that is fine, too. |
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Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said. Maybe you did NOT inadequately summarize him on purpose, but you are putting a lot of new ideas into his communication that he did NOT assert. In his statement, he is merely suggesting that all sellers have gotten out already a long time ago, and there are NO sellers left. YES>>>> Maybe he is exaggerating a little bit, b/c there are going to be some exceptions to his assertion; however, what Rpietila is saying is largely true and accurate reflection of what is currently happening in the bitcoin space. no, it is not true. big asic mining companies will dump their coins no matter what the price is. You have any evidence of this? or just a bare assertion that is NOT supported by anything beyond your mere thoughts? you cant pay your electricity with bitcoins. and I know that there are asic farms that are spending 1 mil of $ every month. If you assume that ASIC farms are stretching their finances so thin that they do NOT have any fiat and they only have BTC,then maybe they would have to sell some of them. HOWEVER, if they realize that BTC are currently way under priced and that BTC are likely to appreciate in value considerably, then they may reconsider whether they will cash out. Additionally, if they realize that the BTC that they HODL are more likely to go up in value if they do NOT sell at low prices, then they will have a greater incentive to HODL until the prices go a bit higher. I would think that they have budgeted for downward trends and sideways trends in order that they do NOT have to sell out of desperation. NO one likes to have to sell out of desperation (and I am sure that there may be some miners that are thinly stretched and forced to sell, but that may be the exception rather than the rule). Accordingly, we still need evidence if you are going to assert that they are selling contrary to their better interest to HODL... or at least to minimize selling if they need to do it. I really dont care if you need more evidence. For big miners, mining is a business, so they have to cover their costs from what they mine. If they pay electricity out of their pocket because they think that the price will go up, they could just stop being a mining business and buy the coins instead. You do NOT care about evidence b/c you merely want to push your thesis that logically does NOT make sense for the reasons that I described in my earlier post. But that is fine, you can stick with your assumptions about miners being stretched razor thin and NOT realizing what is in their own interest(s). Your assumptions seem pie in the sky to me, but that does NOT mean that you cannot continue with such beliefs b/c it seems to make you feel good to suggest that 3400 coins are being dumped on the market on a daily basis.. when in fact we are likely NOT seeing such dumping. And, yes there may be some miners who are also interested in accumulating additional coins by buying some, too. if you are in a mining business - you dump your coins, unless you are a small miner who overpaid his hardware. if you dont dump your coins to pay your bills, you are not a miner anymore, but a speculator. You act as if you know something, but it really looks as if you are attempting to narrowly define concepts in order that you can be correct, but even if you narrowly define concepts, you seem to have NO evidence regarding the level to which there may be a supposed prevalence of miners who "dump their coins" in the real world. It makes little to NO logical sense for the reasons that I already described in my earlier post, and your making definitions does NOT shed better light on what is ACTUALLY taking place IN THE REAL WORLD. |
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Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said. he is the prophet of desperate people who cant decide for them selves, most of what he say doesn't make any sense to sane people, but desperate delusional people always tend to believe him and defend his nonsense. YES.... Mmitech has been wanting the price to go down to the $300s - at least that is what he has been asserting when he sold in the mid $600s and in the mid $500s. So yes mmitech talk your book, and maybe you will get lucky (I have my doubts, but it is possible as a long shot that you will get lucky and then be able to double your stash of 50 BTC or whatever lifelong stash you happen to have left from all your LTC losses). I am investing back only €10K, I see perma-bulls telling people how 1 BTC will make them millionaires so I decided to stop being a greedy bastard and have few millions instead of fighting for all the bitcoins, we have to give the chance for others to have coins as well, right ? I really wont invest more than €10K, my first investment was around € 3-4K and it played really good, so investing the triple of my first investment and cashing all the profits out makes more sense to me  Well, maybe you will begin to become more reasonable if you are NOT attempting extremes, even though you are still tending to throw out denigrating language. Yes, there are some bulls who retain what seems to be unrealistic expectations of instantly becoming rich.. but you should know as well as anyone that that kind of talk is fairly harmless and even should be taken with a grain of salt. Also, there is NO need to talk about this as a competitive endeavor, and if we invest in reasonable ways, then a lot of us likely will be able to improve our lots in life by acquiring more wealth through the appreciation on the value of bitcoins. Surely, it may NOT go exactly how planned, but there can be some shared prosperity. Also, attempts to hoard too much would NOT do to much good, b/c to some extent the success of bitcoin is dependent upon greater and greater adoption and through that adoption, some of the people are going to get rich and maybe even some already rich are going to get richer than early adopters my manipulation and other means.. even luck. But my point is that it is more mentally healthy to consider how to best invest our own lot rather than being worried about the lots of others, whether they are doing well or NOT as compared with us.I see you doing the opposite of that, I don't know why you care so much about my trading moves.... I could simply stop talking about trading, but we both know that we are in the wall observer thread, we come here to talk about trading and sometimes about anything. I care about your trading to the extent that it may become an issue of discussion. My discussion of your trading or your assets is NOT done out of envy, but sometimes to bring in check some of your outrageous statements. If you do NOT make outrageous statements, then it will be easier for me (or anyone else for that matter) to refrain from responding to them or inquiring about them. Yes, we talk about quite a few things here in this thread, but largely those topics seem to be related to bitcoin, even though sometimes tangentially related to bitcoin... |
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Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said. Maybe you did NOT inadequately summarize him on purpose, but you are putting a lot of new ideas into his communication that he did NOT assert. In his statement, he is merely suggesting that all sellers have gotten out already a long time ago, and there are NO sellers left. YES>>>> Maybe he is exaggerating a little bit, b/c there are going to be some exceptions to his assertion; however, what Rpietila is saying is largely true and accurate reflection of what is currently happening in the bitcoin space. no, it is not true. big asic mining companies will dump their coins no matter what the price is. You have any evidence of this? or just a bare assertion that is NOT supported by anything beyond your mere thoughts? you cant pay your electricity with bitcoins. and I know that there are asic farms that are spending 1 mil of $ every month. If you assume that ASIC farms are stretching their finances so thin that they do NOT have any fiat and they only have BTC,then maybe they would have to sell some of them. HOWEVER, if they realize that BTC are currently way under priced and that BTC are likely to appreciate in value considerably, then they may reconsider whether they will cash out. Additionally, if they realize that the BTC that they HODL are more likely to go up in value if they do NOT sell at low prices, then they will have a greater incentive to HODL until the prices go a bit higher. I would think that they have budgeted for downward trends and sideways trends in order that they do NOT have to sell out of desperation. NO one likes to have to sell out of desperation (and I am sure that there may be some miners that are thinly stretched and forced to sell, but that may be the exception rather than the rule). Accordingly, we still need evidence if you are going to assert that they are selling contrary to their better interest to HODL... or at least to minimize selling if they need to do it. I really dont care if you need more evidence. For big miners, mining is a business, so they have to cover their costs from what they mine. If they pay electricity out of their pocket because they think that the price will go up, they could just stop being a mining business and buy the coins instead. You do NOT care about evidence b/c you merely want to push your thesis that logically does NOT make sense for the reasons that I described in my earlier post. But that is fine, you can stick with your assumptions about miners being stretched razor thin and NOT realizing what is in their own interest(s). Your assumptions seem pie in the sky to me, but that does NOT mean that you cannot continue with such beliefs b/c it seems to make you feel good to suggest that 3400 coins are being dumped on the market on a daily basis.. when in fact we are likely NOT seeing such dumping. And, yes there may be some miners who are also interested in accumulating additional coins by buying some, too. |
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You poor bastards..
After the MtGox fiasco, no one with a college degree will invest any serious sums before they can have proper legal guarantee from the exchanges and it will finally become clear what exactly happened to the missing MtGox coins. People are only guessing at the moment, that maybe someone stole those coins over time and sold them already. But this guesstimate is useless, and it's just as probable that the coins were stolen in one big heist and now someone has the power to crash the entire market to it's knees.
Bitcoin price is currently only experiencing these small pump'n'dump waves, while money is slowly moving out of the market. The market is currently only a playground for gamblers and fanatics.
Pretty much Mt. Gox is a non-factor at the moment.. or a minor factor.. NOT as big as you are making it out to be. Also, the stolen lost coins (probably 600k coins have already been sold or absorbed into the current price). It is tough to shock with such exaggerations, no?   MtGox is not a factor in this forum, but most of the people in this forum are not a factor in bitcoins price. In an outside investors perspective, it's a big factor. People outside this forum don't care about your optimistic guesstimate on the faith of MtGox coins. They want something solid to lean on, when dealing with investments. Otherwise they are not investors, but gamblers. And bitcoin is currently too bloated to have gamblers alone start a new bullrun. There may be some truth to what you are saying, but I doubt that potential bitcoin investors are giving as much weight to MTGOX factors as you are making out of the situation. My understanding is that investment and adoption has considered to go up in the BTC space at a considerable rate, in spite of the GOX collapse in February and some of the later news of its various fallouts. Accordingly adoption and investment and liquidation opportunities are going to help to drive the next upward price wave.. whether that occurs this week, in the next couple of weeks, in the next couple of months or even a year down the road. By the way, I doubt it is going to take another year before we find a new ATH.. that will likely soar BTC prices into at least the $3-5K range.. and possibly higher, if such growth is delayed further. In that regard, I am glad to be amongst early adopters (not as early as some but NOT as late as others, too). |
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Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said. he is the prophet of desperate people who cant decide for them selves, most of what he say doesn't make any sense to sane people, but desperate delusional people always tend to believe him and defend his nonsense. YES.... Mmitech has been wanting the price to go down to the $300s - at least that is what he has been asserting when he sold in the mid $600s and in the mid $500s. So yes mmitech talk your book, and maybe you will get lucky (I have my doubts, but it is possible as a long shot that you will get lucky and then be able to double your stash of 50 BTC or whatever lifelong stash you happen to have left from all your LTC losses). I am investing back only €10K, I see perma-bulls telling people how 1 BTC will make them millionaires so I decided to stop being a greedy bastard and have few millions instead of fighting for all the bitcoins, we have to give the chance for others to have coins as well, right ? I really wont invest more than €10K, my first investment was around € 3-4K and it played really good, so investing the triple of my first investment and cashing all the profits out makes more sense to me Well, maybe you will begin to become more reasonable if you are NOT attempting extremes, even though you are still tending to throw out denigrating language. Yes, there are some bulls who retain what seems to be unrealistic expectations of instantly becoming rich.. but you should know as well as anyone that that kind of talk is fairly harmless and even should be taken with a grain of salt. Also, there is NO need to talk about this as a competitive endeavor, and if we invest in reasonable ways, then a lot of us likely will be able to improve our lots in life by acquiring more wealth through the appreciation on the value of bitcoins. Surely, it may NOT go exactly how planned, but there can be some shared prosperity. Also, attempts to hoard too much would NOT do to much good, b/c to some extent the success of bitcoin is dependent upon greater and greater adoption and through that adoption, some of the people are going to get rich and maybe even some already rich are going to get richer than early adopters my manipulation and other means.. even luck. But my point is that it is more mentally healthy to consider how to best invest our own lot rather than being worried about the lots of others, whether they are doing well or NOT as compared with us. |
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Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said. Maybe you did NOT inadequately summarize him on purpose, but you are putting a lot of new ideas into his communication that he did NOT assert. In his statement, he is merely suggesting that all sellers have gotten out already a long time ago, and there are NO sellers left. YES>>>> Maybe he is exaggerating a little bit, b/c there are going to be some exceptions to his assertion; however, what Rpietila is saying is largely true and accurate reflection of what is currently happening in the bitcoin space. no, it is not true. big asic mining companies will dump their coins no matter what the price is. You have any evidence of this? or just a bare assertion that is NOT supported by anything beyond your mere thoughts? you cant pay your electricity with bitcoins. and I know that there are asic farms that are spending 1 mil of $ every month. If you assume that ASIC farms are stretching their finances so thin that they do NOT have any fiat and they only have BTC,then maybe they would have to sell some of them. HOWEVER, if they realize that BTC are currently way under priced and that BTC are likely to appreciate in value considerably, then they may reconsider whether they will cash out. Additionally, if they realize that the BTC that they HODL are more likely to go up in value if they do NOT sell at low prices, then they will have a greater incentive to HODL until the prices go a bit higher. I would think that they have budgeted for downward trends and sideways trends in order that they do NOT have to sell out of desperation. NO one likes to have to sell out of desperation (and I am sure that there may be some miners that are thinly stretched and forced to sell, but that may be the exception rather than the rule). Accordingly, we still need evidence if you are going to assert that they are selling contrary to their better interest to HODL... or at least to minimize selling if they need to do it. |
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Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said. Maybe you did NOT inadequately summarize him on purpose, but you are putting a lot of new ideas into his communication that he did NOT assert. In his statement, he is merely suggesting that all sellers have gotten out already a long time ago, and there are NO sellers left. YES>>>> Maybe he is exaggerating a little bit, b/c there are going to be some exceptions to his assertion; however, what Rpietila is saying is largely true and accurate reflection of what is currently happening in the bitcoin space. no, it is not true. big asic mining companies will dump their coins no matter what the price is. You have any evidence of this? or just a bare assertion that is NOT supported by anything beyond your mere thoughts? |
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You poor bastards..
After the MtGox fiasco, no one with a college degree will invest any serious sums before they can have proper legal guarantee from the exchanges and it will finally become clear what exactly happened to the missing MtGox coins. People are only guessing at the moment, that maybe someone stole those coins over time and sold them already. But this guesstimate is useless, and it's just as probable that the coins were stolen in one big heist and now someone has the power to crash the entire market to it's knees.
Bitcoin price is currently only experiencing these small pump'n'dump waves, while money is slowly moving out of the market. The market is currently only a playground for gamblers and fanatics.
Pretty much Mt. Gox is a non-factor at the moment.. or a minor factor.. NOT as big as you are making it out to be. Also, the stolen lost coins (probably 600k coins have already been sold or absorbed into the current price). It is tough to shock with such exaggerations, no? |
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Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said. he is the prophet of desperate people who cant decide for them selves, most of what he say doesn't make any sense to sane people, but desperate delusional people always tend to believe him and defend his nonsense. YES.... Mmitech has been wanting the price to go down to the $300s - at least that is what he has been asserting when he sold in the mid $600s and in the mid $500s. So yes mmitech talk your book, and maybe you will get lucky (I have my doubts, but it is possible as a long shot that you will get lucky and then be able to double your stash of 50 BTC or whatever lifelong stash you happen to have left from all your LTC losses). |
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