It's common sense.  To see if you agree, try it yourself:

1. You have 378 worthless paper dollars.  You can spend them today on a shiny new Bitcoin,* or wait until next year, when you could buy 1/2 of a Bitcoin with your 378 worthless paper dollars because inflation.
What would you do?

2. You have one shiny new Bitcoin, and, for reasons known only to statist pigs and other Keynesian, you wish to invest it in USD.  You can buy 378 dollars with it today, or wait until next year, when you could buy 756, because dollar inflation.
What would you do?

*This is a perfect, hypothetical Bitcoin, it's buying power will never go down.

We had the very same conversation many times.  Since you have forgotten all of them, I'm certain that you'll forget this reply too.
Regardless, I'll repeat myself for the Nth time:

I haven't done any serious trading after methodical profit-taking on the way up last year.  I did not guess the top of the bubble, simply stuck to a (conservative) strategy.  Currently, my trades amount to little more than penny-ante gambling--the players today are much richer, tougher, smarter, and more serious than they once were.  All this has convinced me that I no longer have an edge, and given the ease with which this market is manipulated (partially due to utter lack of conventional regulations, partially just typical penny stock shit), any "trading" on my part (above the pocket lint I play with) would be foolish.

Now how about you?  Care to share your boss tradin' strategy?

Are we talking about the baby thing @ 380 or the wall @360?

Huh?  Let me try that:
By your logic, the moon is made of cream cheese.  Fail.


Lol, you are expecting that?  Care to commit to a price and a date?

Of course.  Markets cannot function without greater fools.  Every trade must have one.
But being the greater fool, though necessary for continued market functionality, is nevertheless the hallmark of poor traders.
Only an idiot or a masochist sets out to be the proverbial grist for the mill, the lard that greases the gears of commerce--the greater fool.


It is my understanding that $1200 was not the recent, but the all-time high.


You seem to be suggesting that buying @1200 was smart.
I'm suggesting the opposite.

Today's price suggests that one of us is right, while the other is wrong.
Welcome back to the 370s.

@inca:  I never claimed to be smart, only that buying at the top of an obvious bubble is really stupid.  And to keep buying all the way down, over a year...  That's the sort of shit they show on "Intervention," where our friend gets sent off to some luxurious rehab & blows it for the thrill of "investing" into just one more Bitcoin.

--I'm frightened, Auntie Em! I'm frightened!
--Dorothy? Dorothy? Where are you? It's me, Auntie Em! We're trying to find you! Where are you?
--I'm here in Oz, Auntie Em! I'm locked in the witch's castle, and I'm trying to get home to you, Auntie Em!



Edit: lol @ deleted post.  Peer pressure

I sold plenty of coin below today's price.  Feel like a boss--I made money.  Our friend, the intrepid investor, lost it.  Though technically, the money wasn't lost--it simply went to those who happened to be smarter than JayJuanGee.
In his case, @$1200, that meant "everyone."

I talked to those who matter.  They beg to differ.  Though perhaps "beg" is not quite the right word...





  ~Your Beneficent Reptilian Overlords.

You must, at the very least, feel real stupid, no?
Or does this "investment" just blend into the background of your other fails?

Private schools and private hospitals, like private roads, could exist without government intervention.  The problem is these schools and hospitals would only cater to the moneyed elite, as they have always  done in the past.  Creating an angry, unsightly, and violence-prone class.

The reason we have public schools and public healthcare in most of the civilized world is not because of some misguided egalitarian need to help the poor, but because the poor have become unmanageable in early 20th century--giving us inconveniences such as Russian Communism and German National Socialism.

TL;DR:  Yes, private industry can and does build roads, hospitals, and schools.  Obama does not go out building with his family in tow, singing "I been ballin' a shiny black steel jack-hammer/Been chippin' up rocks for the great highway."  No, governments don't build roads in US--private industry does that.
What governments do is collect the money & pay private industry.

^You still haven't answered me.

Edit:  Those crazy BFX kids.  I think the 90s expression was "wilding."

Someone tried hard to break 380.  Nice try

Hope is always the last thing to die

I'd say yes, especially with https://www.huobi.com/ conveniently out of the picture, but FFS don't take this as trading advice.  (not that you would, but I keep seeing these silly disclaimers, so I thought I'd try it )

Whatever it is, it's not a coordinated pump.

Would you look at that...

Don't fret, filthy Bitcoiner.  All will be taken care of.  We have plenty of time.

@dinofelis:  How are your learningz progressin'? 

Chinese authorities have finally caught up with the Bitcoin malefactors.
You didn't think such a malignant boil on the face of society would remain ignored forever, did you, criminal scum?



*Good morning, gentlemen.

100% with you bro.  Because software produced by any Bitcoin-related company will always be utter shit.
What self-respecting company would even touch such garbage if they weren't planning to do something really ghetto, like trade Bitcoin?