A guy does NOT need to be overly optimistic to believe that your selling below $600 now for a two year plan to spend it seems pretty short sighted... NOW on the other hand, if the price does NOT go above $600 in the coming 6 months, then I will applaud your foresight and/or luck. 

Until then, I believe that the odds are greatly against what you did.  The odds seem much better to cash out smaller amounts slowly, rather than cashing out 2 years worth at this point with a market that will soon be going up (in less than 6 months).  In other words, if is very likely that we will be seeing $800 within the next 6 months... but my investment does NOT count on it.. b/c I am likely to be in for a couple more years b/c I sense that BTC is amongst one of the better places to put your money, at the moment. 

Where are you going to put your cashed out funds in the coming two years to preserve its value?  IN the stock market?  IN gold?  In silver?  in a bank account? under your mattress?  Do you even have a plan?  I hope so.

Doggie thanks monkey.   

Good luck with that (seems a bit short sighted to plan a 2 year vacation when BTC is going to go up a lot in the next few months), and let us know, in a couple of years (or even in six months) how you then feel about deciding to take that vacation with your BTC revenues. 

So what price the same as 8 months ago?


Such short term thinking, no?

You gotta have a little patience, NO?   be willing to ride this baby in the ups and the downs, NO?

Does NOT make bitcoin a bad investment merely b/c the next uptrend has been delayed by a few months or even by a year or so....

Maybe whether BTC is a good or bad investment depends upon your timeline and how anxious you are to receive a turnaround in your investment?

YEP!!!!!    We should keep these matters in perspective. 

Although I am long... so I consider price dips as buying opportunities rather than panicking or regretting or feeling sorry for oneself over matter that are difficult to control.

NOW, on the other hand, even though additional buying opportunities would be presented, if the price goes below $266, then I may start to worry a little bit - depending upon the circumstances.


On the other hand (I am running out of hands, here), I understand some of this disappointment b/c it seems that we were supposed to be heading to the moon, soonish.... and maybe this downtrend causes a slight delay.. ... even though BTC prices still could be on track for a drastic uptrend in July/August or maybe as late as November/December.

I find it reassuring when posters quote themselves to say, "I told you so."    NOT   

Maybe there is some greed going on here? 


Also, seems a little strange that someone who was prepared to buy more at $340 did NOT buy more at other higher price points? 

I would consider any BTC prices between $570 and $610 to be sideways, and I have my doubts about whether the SR auction is THAT BIG of a deal.

Some people are suggesting "screw the government" and let's keep the prices for the BTC low, yet I am thinking the direct opposite.  The govt can print as much money as it wants, so a measly 18 million or even 30 million is chicken feed to it.  On the other hand, those BTC were gotten for free, and people who buy them are really getting stolen property.. b/c those coins should have been in the rightful hands of various customers who were buying and selling through SR services.... Anyhow, any purchaser should be forced to pay premium for those coins... accordingly, it would be nice to see a doubling or tripling of the BTC price before the end of the month in order that the buyer(s) will have to pay a premium price for those ill-gotten BTC. 

Probably, I am being a little unrealistic in my hope for BTC prices to go up in the coming two weeks, b/c I am anticipating that BTC prices may NOT move too much in that period of time.. merely b/c this news seems to cause a certain amount of uncertainty regarding the direction of BTC.

Hehehehehehe.... I must be on to something, I got an endorsement from a TROLL....  

I believe that quite a few of us have realized that it is good to hang on to extra fiat to be able to buy more BTC on the downswings in order to bring down our average BTC price.  Otherwise, the situation, as you seem to be experiencing, may be more stressful on the BTC price downswings.

YEAH Adam.. you are a cheerleader!!!!!                











GO Adam!!!!!!!!!!!!   GO Adam!!!!!!!

NOT that I like to repeat any kind of baloney and misleading slogan, such as "Facts U Dislike;" however, on the substance of the topic, Peter Todd does appear to have a fairly high number of contributions (31), so PT is NO small potato. 

Nonetheless, it does seem a bit irritating that Peter Todd would be coming out publicly with some kind of seemingly disgruntled statements that have the potential of causing FUD within the generally accepted meaning of the term (FUD = Fear, Uncertainty and Doubt). 

The irony of the situation is comparable to a moderator on this forum  misusing the term FUD.. to cause FUD about the meaning of FUD.       

Yeah... WTF?

+2   

Peter did NOT talk about selling thousands of coins - instead, he talked about selling quantities in the five digits (without really specifying).  Therefore he could have sold anywhere between $10k and $99.99K worth of BTC - in other words less than 200 BTC.

These terms may be lacking in some concreteness for people.

There are 100 million satoshis in a bitcoin.

Therefore, all one needs to be a satoshi millionaire is .01BTC.

But to be a satoshi billionaire you need to have 10BTC

To be a satoshi trillionaire, you need to have 10,000 BTC. 

NOT too many people, even early adopters have maintained enough discipline to accumulate and/or to maintain more than 10k BTC.  Based on Adam's prior statements, I would be really surprised if he had such quantity of BTC at his disposal.

I get what you are suggesting, above; however, I get the sense that the BTC market is NOT going to keep staying down with each and every pending uncertainty regarding various coins or its future.. .b/c sometimes the momentum to go up is just there, in spite of various uncertainties that may exist.

As many of us know there remain quite a few uncertainties with the future of bitcoin.. for example:  There is the uncertainty of the 200k found gox coins, and there is the uncertainty of the 600k not yet found gox coins.  Also, there is the uncertainty regarding whether anybody, including Satoshi, has control over nearly 1 million early mined coins, and then there is the uncertainty of these many bullshit exchanges conducting off-line insider trading and manipulations of the price with potentially engaging in a kind of fractional reserve banking..

My point is that there seem to be quite a few uncertainties with bitcoin, and a lot of similar kinds of uncertainties existed within the approximately 5 previous 10x bubble (uptrends).  Bitcoin seems fairly likely and poised to have another bubble in the near future in spite of several outstanding uncertainties....... Even though some people attempt to predict exactly when this next uptrend/bubble is going to occur, there remains human control and some non-mathematical aspects that can affect the results:   eg "when" and "how much" and "how explosively".

Yes, ... the 30K coins seem to be a test run, and the 144k coins will be a bigger deal... a bit more difficult to absorb

I thought that the problem with the 51% is the allowing transaction confirmations rather than whether your pool receives a block award... but it has to do with being able to transact with money that you do NOT have to then steal and then to undermine confidence in the network b/c you control the approvals of the transactions.

Even the bitcoin wisdom 30 minute candles show that the price on Stamp got down to $550 for three candles in a row.  I was watching the price fluctuations as the candles were forming, and I surely saw a lot of orders filled at $550.