Did you have to apologize to Rpietila, previously?

Actually, certainly, I am NOT of the belief that Rpietila is a dumb guy who thinks he is smart... but sometimes, he does seem to let his ego get in the way of his interactions, and he seems to believe that his recently found wealth gives him license to be pompous and pretentious and manipulative.

I have no problem with any body making predictions, and I appreciate some of Rpietila's predictive constructs.  However, frequently the certainties and absolutism of math is NOT going to work very well when dealing with politics and human behavior.  I believe he recognizes this; however, seems to get caught up in his own predictive marketing-type delusion(s).. and then tries to get his way when interacting with people (and the bet discussion exemplifies this wanting to get his way then attempting to reframe history in such a way that rationalizes what had happened)... which in sum seems to be Rpietila's failure/refusal to interact reasonably.. as Windjc mentioned.

I think that Bitcoinwisdom is out to get you with the belief that you are becoming too self-confident.  Bitcoinwisdom wants to put you in your place. by handicapping you.  It's like golf, if you get too good, then your handicap points are removed.  You are playing Bitcoinwisdom golf.   

Actually, Rpietila did NOT like that upside part of the bet, and regarding the downside of the bet (the $435), he was attempting to be so amorphous that NONE of us would likely be able to pin him down in any kind of way concerning to what he was betting... like trying to catch a well oiled lil piggy.

I was under the impression that Rpietila's initial statement was pretty unambiguous.  He said:  BTC will "NEVER" breach $435 again.  He felt so confident, and asked does anyone want to bet? 

But when he was called out for specifics and for an actual commitment to a bet, he weasled with the invention of conditions for the bet and suggested that it was NOT worth his time to make any kind of commitment to such a bet unless he was for sure going to make some money out of the deal or to get "odds" that were NOT part of the initial statement.

AS if everything that any of us does in this thread requires that we make money along the way.

Again, I could care less if someone is wrong about the future.. b/c we know that the future is difficult to predict - especially short-term.  He's got another problem, in these circumstances..... and I feel that I need NOT repeat myself again regarding this particular point and regarding his problem of lack of commitment, here.

Who said anything about "buying back in?"   The phrase, "buying back in" implies that a person sold.  I do NOT advocate selling, unless  you are really confident that you are going to be able to buy in at a lower price.  And with prices this low, it would be very risky to sell, if you have NOT already sold (mainly b/c of the large level of manipulation and the ability of prices to sky rocket and to reverse  at any time), but to each his/her own - if someone is selling and trying to buy back in at a lower price. 

I advocate buying more as the price goes down to attempt to buy as much as low as possible.  But, to each his own, regarding  that strategy, as well.

YEP>>>>> ditto dat.

Me thinks that you gonna get a fight all the way down to $400 - however, if you get past $400, then the next fight will be around $350 or $360.  I'm kind of guessing based on the recent fights from a few weeks ago.

A LOT of us have been saying that for about two months.  I began saying that the downward trend is losing momentum at about $610 (around the beginning of February). 

Hopefully, you are correct this time, but I can see the possibility of downward BTC price trending for a few more months... .i'm not sure how far.. maybe mid-$300s..... I prefer some thing like that $300-ish NOT to happen.. but continued downward trending for a few more months certainly does seem possible.

FYI - the profits of HODLers is NOT taken down unless one of two things occur:

1) they cash out and lock-in losses,

or

2) BTC prices fail (or refuse) to go back up.

These are possible outcomes, but are NOT necessarily probable.

YOU Fucker!!!!!   I'm so jealous.   

I agree.  Frequently, it is best to attempt to buy at the lowest possible amount, and when ALL of the exchanges appear to be going down rapidly, it makes one wonder how far down the price is  going to go.

On the other hand, as you suggested, if you have a little more Fiat to spare, then you may err on the side of investing a little more as the price is going down.. in order to NOT get left behind.  Though since we have been in this price range (fairly recently), in the last couple of weeks, several of us have already bought at around these prices.  I am thinking to buy around $420, now.... though I am NOT very confident that the prices are going to go much lower than that --- currently bouncing off to $433 from $425- but I will save some fiat, just in case we go to $400 or lower.

Wow.. the price has NOT quite hit $435, yet. 

Maybe I am going to jinx the situation; however, the closest that it has come so far (on stamp) is $438.88... and that was a flash.  Though I think $439 was sustained over several spread out minutes.

I have NO problem with those 22 rules - though I would call them tips or best practices (as is implied from "rule 22").  Accordingly, thank you for sharing them.  NONETHELESS, you have NO CLUE about whether or the extent to which they may apply to my particular situation.  You can sit atop your perch and Monday morning quarter-back all that you like... but that does NOT really enlighten anyone in any kind of meaningful way   - even though I repeat that I do appreciate that you provided the general parameters from which you were speaking and that is the "Dennis Gartman" guidelines.

WTF are you talking about? 

First:  Do you happen to know my reasons for getting into BTC?  my risk profile, my investment allocation(s), my intended timeline and intended strategy(ies), my contemplations about potential adjustment(s) to my investment strategies, my diversification of assets, or any other potentially relevant factor(s)? 

Second:  you still have NOT disclosed anything about your own investment into BTC, or any other investments or lack thereof.

Third:  It is really easy for you to judge another persons strategy retrospectively, without knowing too much about the situation, while NOT providing any information about your own investment portfolio, if any?

Fourth:  What is your purpose in suggesting that I made some kind of bad judgement or a bad investment?

I'm all ears (and eyes) awaiting and looking forward to some of your disclosures about your investment(s).  I doubt that i will receive anything meaningful from you.... b/c it appears as if you merely are striving to provide succinct summary comments that are devoid of any meaningful context.

Yeah, right>>>>    

I would question whether they even got to 1st base, the way that they were dicking around.   

There is always variation with any group, and there are more extremes.



For bears: How long should bitcoin price rise and to what price that we can call this dip over?

The extreme bears will continue to be such; however, if we were to sustain a very slow and incremental rising trendline from now until $3,000 over a few years, many of the bears would convert by the time we reach $1000 or so.





For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now?



The extreme bulls will continue to be such; however, if we were to sustain a very slow and incremental downward trendline from now until $50 over the next couple of years, many of the bulls would convert by the time we reach $150 or so.

He did NOT really make a bet.  He spouted out some words that appeared to the average person to have been a proposal for a bet, but when push came to shove, Rpietila was NOT willing to back up his words with any dinero - only back up his words with more words that amounted to   some lame excuses and mumbo jumbo.

What's NOT a good idea?  What are you doing and have you done regarding your BTC investment long term and/or short term?

I fit the buying all the way down scenario fairly well.  I began buying at about $1,200 b/c I got my first 1.24 BTC through Localbitcoins.com in the end of November 2013.

Mostly, ever since, I have been buying on the way down - even though i missed a few buying opportunities here and there to buy more when the price was lower and to refrain from buying when the price was higher.

Today my average buy-in price (including fees) is a little less than $605.  I am on the edge of buying a little bit more - yet I am thinking we may get down to $420, the way this seems to be going.... not sure when to pull the trigger on the next buy, exactly.

If I panic sold today, I would be about 28% down (including fees).

Personally, I have NO problem with predictions being wrong.   Who cares?

I have a problem with someone saying that s/he will put money on his/her prediction, and then failing to commit to that course of action.  People are wrong all the time, and NO BIG deal, but if you say that you are going to put some money on your prediction, then make it happen.. to solidify the amount of money and the timeline and the triggering mechanisms for the payout(s).. or at least make a  good faith attempt at 1 BTC or something.. at least you put some money on it.. like you said you were willing to do....

If you do NOT follow through with your statement and your proposal to make a bet, then you are merely trolling this thread to make the other people in the thread to do all the work in formulating the hypothetical that you apparently had NO intention to follow through with.

That seems to be as good of an analogy as any.... b/c it seems that there are plenty of reasons to cause it to happen... but still it does NOT happen...