What would be dead is the inflated expectations of a few overzealous people. That's all.
So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them? Honestly answer the question. 2014 is nearly over, it's been 10 months. Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections? If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.
Sticky please. First post everyone should read who enters this forum. This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them. Now go ask the same question to those who bought in 2012/2013 and come back in a few years. Is that what a "store of value" is? Buy today, lose more than 1/2 the value in several months, and then hope we have a bubble that goes 10x my initial buy-in a few years later? Is that a "store of value"? scarsbergholden: You seem to be exaggerating a little bit and playing ignorant. I believe that store of value merely means that by the time you cash out, the asset is worth at least the same and potentially more than it was worth when you purchased it. Surely, with storage of value, you would probably like it to hold at least the value of relatively stable storage of value mechanisms... maybe expecting some appreciation of value between 3 to 5% per year. Of course, if it gains greater value than otherwise stable value storage vehicles, then that would be icing on the cake. Its the worst storage of value ever... At least for a short term or if not riding the waves. Looks like you did NOT either read or understand my post. And, also in part storage of value depends on your time frame... HELLO??? |
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this thread is almost as crazy as the market.
WHAT?  ? Post counts have been going down, too?  |
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I'm surprised we haven't seen a 3k wall yet pushing us down. At least 1 positive sign.
That guy might finally be out of coins or is finally happy with the price.
OH NO!!!!!!!!! Is that what is coming next? SHIT!!!! |
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if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen... yes, I feel sorry for selling at $6xx  , I beat my self everyday because of it, I could be making a ton of money if I didn't sell and listened to the bunch of perma- trollsbulls that hang around here. [/sarcasm]Where are JJG and Trolfi? I haven't dropped by here for a while, and it seems so much more peaceful without them. I almost feel like staying. Oh YES!!!! you should stay, and that way mmitech has someone who is ready, willing and able to kiss his butt. That would surely be helpful to our analyses and speculations regarding BTC prices. your analyses ? BTW where I can read your analyses ? I didn't come across any analyse or sane post of your yet, all I see is butt-hurt posts and attacking most posters when you disagree, and it just struck me that the guy who cant solve a simple mathematical issues knows how to analyse things !!! YES... It looks like you want to give me an assignment to attempt to prove to you that I have contributed to the forum with my analysis. Why would I spend time in such silly endeavors? I have a lot of posts that provide a considerable amount of information, surely NOT all of my posts are serious, but I have provided quite a few substantive and materially contributory posts. There is probably little to NO basis for you to arrive at any conclusion regarding my allegedly being "butt hurt." I have NO real reason to be "butt hurt," whatever the fuck that means. Maybe you could describe, a little better, what you mean by that accusation? Regarding my supposedly attacking posters, I am NOT sure how you come to that conclusion, either? I have spent quite a few posts responding to your various silliness - and if you call that attacking, then so be it, but it is NOT so common for me to supposedly "attack" other posters, besides you, because a large majority of the posters, even trolls, seem to make more sense than you, and they do NOT tend to have a pattern of behavior, like you, of such extensive self-aggrandizing. I will admit that I have seen a few decent posts from you, but those tend to be pretty rare.. maybe a little more common than a snowball in hell, but NOT much. |
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anything the requires peoples selflessness, to succeed ( if we all hold it will go up ) is doomed to fail. bitcoin will drive that point home. prepare yourselves for new bottom guys. technicals have been broken
Bitcoin is DOOOOOOMMMMMEED!!!!!!!CUT YOUR LOOSE!!!!!!!!!!!! |
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Shorts are decreasing as price is decreasing.
The dumps are real panic sellers.
Not even a short squeeze can save us right now.
We don't need any shorts. If we really do go up, bears will buy back, as well. Bears aren't stupid. At least most of them aren't. +1 Ensurance: It is charitable for you to give bears credit. |
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do you guys think 10K$ in the end of 2015 is possible?
$10k is possible at the end of 2015 and it is also possible at the end of 2014. I think that you are asking the wrong question... b/c a lot of things are possible.  |
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I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)
I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $100.
Private !!?? wasn't it Pirate who promised the exchange that offers leverage and asked people to lend him money for 6% weekly interest and a possibility of 120% payout later ? now anyone believed that is a fool, and the same goes for these noobs who joined at the end of 2013 and this year thinking they will multiply their investment by 100x . To be honest, I invested my money expecting to make some money, but I never ever thought or imagined I would make 100 or even 10 times what I invested, these noobs invested thinking or expecting that they will make that much of money (100x), but worst other members seem to promise them that payout if they hold... which is everything wrong with this community.... Greed. I think that you are describing yourself, when it comes to the term "greedy." Also, I would NOT generalize about the various expectations of noobs... regarding their expected return on investment. There are likely as may variations as their are noobs... You seem to have a really difficult time refraining from making broad sweeping statements and exercising a little bit of humility... may be just a personality trait that you DONT seem willing to moderate. |
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NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO, it's a store of value being built. Do you actually believe that because some monopoly money went into bitcoin the last few years, it's already a store of value? NO, but the potential of it becoming a store of value is there.
Okay, great. Let me know when we get there. For now, it's simply silly to me to see so many touting it as such. There is also potential for buttcoin to be worth zero. I don't know what is buttcoin; however, I consider Bitcoin to be a storage of value and a sort of hedge against the dollar. I do NOT consider myself to be silly. Bitcoin is NOT my only storage of value investment vehicle, and accordingly, I use bitcoin as what I consider to be a complementary hedge within my total investment portfolio. Also, I started investing in Bitcoin in late November 2013 (when BTC prices were near their highest price points); however, my timing has not changed my perspective of BTC as a storage of value - even though my timing has affected my method of investing incrementally and over time (rather than placing all of my liquid assets into BTC at one time). In sum, I consider it to be silly to have simplistic thinking about how others are employing their investment tools and allocating their various risks, unless you know something about their total investment plans and their timeline and their personal goals. |
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What would be dead is the inflated expectations of a few overzealous people. That's all.
So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them? Honestly answer the question. 2014 is nearly over, it's been 10 months. Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections? If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.
Sticky please. First post everyone should read who enters this forum. This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them. Now go ask the same question to those who bought in 2012/2013 and come back in a few years. Is that what a "store of value" is? Buy today, lose more than 1/2 the value in several months, and then hope we have a bubble that goes 10x my initial buy-in a few years later? Is that a "store of value"? scarsbergholden: You seem to be exaggerating a little bit and playing ignorant. I believe that store of value merely means that by the time you cash out, the asset is worth at least the same and potentially more than it was worth when you purchased it. Surely, with storage of value, you would probably like it to hold at least the value of relatively stable storage of value mechanisms... maybe expecting some appreciation of value between 3 to 5% per year. Of course, if it gains greater value than otherwise stable value storage vehicles, then that would be icing on the cake. |
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What do you reckon is the chance for bitcoin to never see $500 again?
I am NO soothsayer, but probably less than 2%.... |
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its like a game of chicken between 2 three year olds on their big wheels..much noise...much shouting...little effect on if BTC survives or not long term (damn I'm too old never had a big wheel just a rusty big ass tricycle) I am pretty old too, but I remember big wheels being pretty fricken fun. |
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if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen... yes, I feel sorry for selling at $6xx , I beat my self everyday because of it, I could be making a ton of money if I didn't sell and listened to the bunch of perma- trollsbulls that hang around here. [/sarcasm]Where are JJG and Trolfi? I haven't dropped by here for a while, and it seems so much more peaceful without them. I almost feel like staying. Oh YES!!!! you should stay, and that way mmitech has someone who is ready, willing and able to kiss his butt. That would surely be helpful to our analyses and speculations regarding BTC prices. |
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if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen... yes, I feel sorry for selling at $6xx , I beat my self everyday because of it, I could be making a ton of money if I didn't sell and listened to the bunch of perma- trollsbulls that hang around here. [/sarcasm]Yes, I am sure your transferring of your BTC funds into LTC has served you quite well. |
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if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen... YES!!! mmitech is so amazing and prophetic.... NOT |
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if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
You are so prophetic and insightful.... NOT |
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He didn't change the content. The original could be seen HERE. If a post is edited, the date gets underlined (see pic):  If you hover the mouse pointer over the date, you will see the date of the last edit. Handy. I am going to have to watch out for that editing more - b/c, as far as I can see, it seems to be a little inconsistent. I see that there is a little dotted line under the date if the post has been edited; however, I have edited a few of my posts, and the little dotted line does NOT show up on all of my edited posts. There is a 5 minute grace period. Ok.. thanks... that may explain some of the inconsistencies that I was witnessing in attempting to verify the extent to which that edit verification feature exists. |
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... I said I'm leaning towards it being sincere manic ramblings.
... I'm saying just that. More likely than not he's sincere. Not sure why we're stuck on this. Sorry, we may be more or less in agreement, again. However, when you post a caricature of Risto (even though funny), I may get distracted that there may be some attempts at ad hominems, rather than to really explore relevant and material substantive issues. Sorry, that may just be my own distraction(s). |
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...
To give you the benefit of the doubt in this regard, NotLambChops, this could be a matter of degree regarding how much purposeful deception is going on versus just irrational exuberance.
... Not sure what you mean--I said I'm leaning towards it being sincere manic ramblings. As far as me thinking him manic? That whole Magalonode Summit incident (after which he checked into a sanatorium), reads like a textbook example.  You could be correct, and maybe I am just working off of incomplete information? I read about an incident (including various aspects of Risto's own rendition) in which Risto gave up control of his laptop with bitcoins and then went on some drama and blaming and seeming failure(s) to take responsibility for his own sloppiness; however, I am NOT clear how that would necessarily rise to the level of purposeful deception (unless you are suggesting that the incident demonstrates that he is NOT acting in good faith b/c he has issues regarding his ability to take responsibility for his own sloppiness?). Further, in my thinking, checking into a sanatorium would also be insufficient to cause me to conclude that someone is purposefully deceiving.... so in that regard, I believe that there can be "sincere manic ramblings" without them devolving into a category of purposeful deception. I am NOT totally closed on this point b/c with further evidence, I may be willing to reconsider my tentative conclusions. I also believe that the topic could be important because Risto remains a fairly influential persona in the BTC world (especially overall on this forum, and even he has gained some mainstream press attention for his various "contributions" and/or assertions). However, this thread does NOT seem to be a great place to engage in such pursuits, especially given the fact that Risto manages this thread - and maybe it would cause self-censoring or even impressions of biasness to see which posts survive.... and really, I find it quite irritating to go through the efforts of composing a thoughtful post that I believe is contributing to the conversation and then to have it deleted by someone who has a different view of the meaning of "contribution." |
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420 is the basement, we're there. Nowhere to go but up.
I have only seen a low of $431.11, so far, and how do you arrive at such a conclusion? |
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