When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!! nice reference, have to remember that one To generalize a bit; it tends to happen with all new breakthroughs around the world. Remember that innovators were always the crazy ones that defied the "correct road". I've a theory that I present to fellow scientists; they tend to like it, so I present it here for you: "If you want to invent something new you should study all those things, that others before you, have theorized and written into books. You MUST then, forget all about this shit. Invent your own way of thinking to understand what they were trying to express. Forget their laws, try make up your own ones. Be smart, be unique, be like a small child. You will eventually get it wrong; but there's a chance you get it right... and when you do, you will realize that there are many ways to get up this mountain apart from the known path. There are very few innovators in the world because WE ARE FORCED to follow the books. If this was a successful method; we would be full of new theories, devices and innovations all around us. It seems it works the other way around..." They all love it, because I tell them not to study too much...  |
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This is a good time to sell if it you missed it the other day. Or if you like to gamble, it might be good for another $40 rise.
* macsga is panic HODLING! |
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I never got the chance to see what you're up to NewLiberty. My compliments. This is a piece of art and for me, you're *definitely* an artist! GREAT job!  |
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 PREPARE YERSELVES! |
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Price being the same as last night is the last thing i expected. No volume at all.. Will the next big candle be red or green?  Consolidation works good (longterm wise). Ask Risto. FWIW: I don't think we're heading for lows in the range of 3xx as he says though. But then again; I'm not a trader - only an observer.  |
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I don't think that all you people should stare at the wall and not getting a nice winter walk outside. Relax. BTC is here to stay. * macsga is hodling  |
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Well, to be fair, the adoption curve does not move in a straight line on the exponential scale. Adoption comes in spurts, so we may lag behind the curve for a while then shoot over it for a while. Look at early this year, after spending a long time in the $10 range, we shot up to a "stable" $100ish, with a few (not so)minor bumps along the way.
I don't expect that our growth will always be along the line, and to be sure, at some point we will fall way below the predicted trend and stay there. People don't find out about and enter bitcoin at a set rate. Events, etc. accelerate or stagnate the adoption.
Quick piece of math for you to do, Gox just announced they crossed 1 million customers. I am sure the other exchanges have at least some customers that never signed up on Gox, so that is a lot of people. How many coins are out there to go around? We know how many have been mined, but there are a LOT in cold wallets, lost, etc. There are not enough coins for those people to have even 4 each probably, and the price would be astronomical once they did.
Short term may still have some bear left in it, but I think the manipulators/accumulators are doing a pretty good job of keeping even reasonable people bearish. As long as they are successful, it is a bear market. Take advantage of it, but there is a great risk of getting burned at some point.
Try not to make it look like you are telling someone they are stupid because they have different opinions than you do . . .
One of the MOST correct posts here in this thread. Someone please copy-paste it every 2 mins. Kthxbye. |
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It's only the chinese and regular folks prone to panic who are dumping.
The real whales are accumulating at these prices.
Don't take my word for it. Go back a few pages and carefully read Loaded's posts. They are quite telling (and bullish).....
I speculate he's one of the whales who are dumping right now, in order to buy back lower, because it just makes sense. I mean hey guys I know you all need a hero figure but he is a portfolio manager! Making money for his customers is his job. I speculate that he dumped close enough to the top and he cashed out fiat. Then he flew to China with bags of cash, and he gave them directly to Bobby Lee in order to deposit them on his BTCChina account. The he slowly bought coins, causing the price rise in BTCChina. And now he is closing the circle and dumping again, for a second final round of this "squeeze-a-nob" game. It's an interesting point of view; but it works also vice versa. Meaning that IF somebody has so many BTC handy and in cold storage, he's gonna be more concerned on stabilization of the currency than it's destabilization and accumulation of more. Being in such a position is not always "problems free" you know. When a major exchange is practically sets itself out of business, we all should be heading for MONTHS of time into recovering with strong possibilities the reverse (and most wanted by them) media attention than what it came with the $1240 ATH. So; my guess is that it's not like that... but of course my chances of being wrong is the same with yours being right... about 50% |
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This is AWESOME! I wish you once be able to own your own island (and invite all us creeps there). I will vote for you! |
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GOAT FOR PRESIDENT!! GREAT speech. Antreas is the MAN! good stuff Andreas Antonopoulos, always has some good ideas. Bitcoin > Goat Shit > Fiat You mean i could have been rich years ago!!!
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GREAT speech. Antreas is the MAN! |
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I don't know about you; I see this breaking $800 on Gox today. Let's grab some popcorn and... HODL!!!!Edit: http://bitcoinwisdom.com/markets/mtgox/btcusdZoom out to 15mins. The same pattern for the 3rd time since $704. Hmmm.... |
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So Loaded did some serious job there in China. $80 up during my night time sleep!
Good Morning People!
and don't forget to...
HODL!
Evening from Australia. And how is sunny Greece today I will be out for a morning coffee later today (it's 10:40am) It's December but it's 19C outside which makes it a perfect day for me to go and photosynthesize  |
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So Loaded did some serious job there in China. $80 up during my night time sleep!
Good Morning People!
and don't forget to...
HODL!
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