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3321  Economy / Speculation / Re: Nagle on: January 01, 2012, 03:34:59 PM
think of ALL the Bears who were raging here just a month ago.  we even have one for a forum moderator.
Burnt bears are delicious. They’ll be done once we move back to double digit. Time to get out the charts with Fibonacci retracements up to 17/21. Grin
3322  Economy / Speculation / Re: Nagle on: January 01, 2012, 03:23:02 PM
It has to be the cognitive dissonance that won’t allow him to turn up here anymore. Or maybe shame.
3323  Economy / Speculation / Re: Nagle on: January 01, 2012, 03:18:35 PM
I’m sure he’s long now.
3324  Economy / Speculation / Re: Nagle on: January 01, 2012, 03:10:26 PM
Happy New Year, Nagle. Grin
3325  Economy / Speculation / Re: "No Reserve" explanation on: December 31, 2011, 04:27:35 PM
This forum already is a mess, it was designed as a quarantine, after all. Grin
3326  Economy / Speculation / $5 for the New Year on: December 31, 2011, 04:07:37 PM
Yes or No?
3327  Economy / Speculation / Re: "No Reserve" explanation on: December 31, 2011, 03:45:47 PM
I can see both sides of it.  Overall I think Zhou does a good job of presenting himself and maintaining a good character, though I still think he shouldn't have made the explicit recommendations he did.
It's better to do a public "recommendation" explaining the reason for it, rather than secretly betting against own customers.
A post in some thread on the Bitcoin forums’ speculation section is not the place to do a public announcement for Bitcoinica.

edit:

Good to see you acknowledging that, zhou.
3328  Economy / Speculation / Re: "No Reserve" explanation on: December 31, 2011, 03:43:48 PM
I agree.  Those long-squeeze statements were out of character and a bad move on his part.  Doesn't change anything for me with regard to Bitcoinica.  I haven't used it and don't have any intentions to, not because I think it's necessarily a bad service, but because I simply don't want to get involved in that sort of leveraged trading.
Same here, although I thought about buying Bitcoins with all my Bitcoin savings as margin, but ended up leaving it at a test of 2 BTC for 2 BTC, which are up from 3.5.

I’m not going to use it because it’s too risky for me, but if you are really certain about a move (or certain about a bottom), it should be a great tool.

I wonder if the ability of buying BTC on margin will have the same disastrous effect upwards as shorting had downwards?
3329  Economy / Speculation / Re: "No Reserve" explanation on: December 31, 2011, 03:31:49 PM
LOL!  please think of a fix that will make everyone money.

Well, the best way for you to make money right now is to take advantage of the imminent long squeeze.

Price at the time: ~4.2
3330  Economy / Speculation / Re: Making money on: December 31, 2011, 03:25:18 PM
Too bad those dollars buy less and less Bitcoins.
3331  Economy / Speculation / Re: "No Reserve" explanation on: December 31, 2011, 03:23:27 PM
By the way, in my opinion what he did should be called market manipulation and is criminal.
3332  Economy / Speculation / Re: "No Reserve" explanation on: December 31, 2011, 03:21:23 PM
hey Zhou, how's that recommendation to sell working out for your clients?
Grin Grin Grin Grin Grin

Happy New Year!
3333  Economy / Speculation / Re: Warning to the bulls... on: December 31, 2011, 02:32:57 PM
I don't get the joke...
There is no Bitcoin economy. Bitcoin is currently nothing but a USD middleman USD => BTC => USD and a speculative investment.

Or have you seen people earning Bitcoin wages yet?
3334  Economy / Speculation / Re: Warning to the bulls... on: December 31, 2011, 02:02:28 PM
the bitcoin economy
HAHAHAHA Grin
3335  Economy / Speculation / Re: [Poll] if tomorrow bitcoin are.... on: December 31, 2011, 01:58:44 PM
Wow, tempted to take the contrarian position to this incredibly bullish sentiment.

i'm not surprised.  the Bull will shake alot of ppl off before this thing is over.
So what’s the target you’ll (begin to) sell at? 3, 4 or 5 digits? Grin
3336  Economy / Speculation / Re: UP UP UP on: December 31, 2011, 01:46:47 PM
BUY HIGH SELL LOW

Seriously though, 5 for 2011 would have been superb. Grin
3337  Economy / Speculation / Re: UP UP UP on: December 31, 2011, 01:43:25 PM
1st attempt of 5$ officially failed.
3338  Economy / Speculation / Re: Warning: bubble #2 might be forming on: December 31, 2011, 01:42:32 PM
yes, as usual Proudhon has it backwards. 

i never sold as we tanked.  in fact, i accumulated more.  and i certainly will NOT sell on the way back up to 32 as i'm expecting it to go way beyond that to at least gold parity.

the gold bubble is over and all that money is going to come here.
I confess, I sold …

… only to buy more cheaper (the capitulation sells were always good for at least short term greens). Grin

Agree with your attitude. I will not sell as long as Bitcoin has such a ridiculously low market cap, except when I’m certain I can buy more lower.
3339  Economy / Speculation / Re: [Poll] if tomorrow bitcoin are.... on: December 31, 2011, 01:37:19 PM
Wow, tempted to take the contrarian position to this incredibly bullish sentiment.
3340  Economy / Speculation / Re: UP UP UP on: December 31, 2011, 01:32:05 PM
Nice selloff! Strong resistance here.
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