recap end of day silver. geezuz, just look at that! icebreaker and Goat are gonna be rich! this is what happens when you complete the 3rd stage of criticality:   |
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you forget that I distributed a lot of coins via donations along the way and bitcoinica hack
or maybe given all the inconsistencies one finds scattered about in your claims, it's simply a matter of false advertising? |
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well under $6000 as that amount is not "throw away" money for anyone who is still salaried.
Depends on salary. I already addressed this. He's got a good day job. ok, let's do it your way. let's say he's got a low salary and only put $600 to buy 1000BTC. at 300,000-400,000% return, which he's already claimed, he'd turn that into $1.8M-2.4M. see, he's rich. btw, i don't get it. this is the title of his thread "#1 Bitcoin and Altcoin Price Forecasts (+1,492% gains, +750% more than B&H)" and i think he downward adjusted those numbers based on other ppl's criticism. |
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well under $6000 as that amount is not "throw away" money for anyone who is still salaried.
Depends on salary. I already addressed this. He's got a good day job. |
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pffft forget it. I wont tell you any absolute numbers. I also dont need to know if and how rich you are.
Fact is that I outperformed B&H by factor 1.5-2.0.
Orders of magnitude is wrong as I mistyped this and corrected it already in the original thread.
Ok, since B&H from $0.60-$1200 is a 200,000% return, then your out performance amounts to 300,000-400,000%, or with a not unreasonable 10000BTC, $1.8M-2.4M? notice that 10000 BTC at the top (1200) would be 12M to 24M not 1.2M to 2.4M... I don't care about S3052's personal performance, I'm more aiming my comments at some of the extremely vocal ppl who inhabit the wall observer. Personally, I don't think that it has been very hard to beat B&H in this market. I did so with the extremely small % I was willing to put in bitfinex and bitstamp... You can even look back into my post history to show this (if you want to torture yourselves) b/c I have made about 5-10 posts that imply a trade in 3 years. TBH I think wall street on average is a bunch of idiots -- or more accurately, they lack the edge of actually knowing something other than finance. For example, I avoided the tech bubble b/c I am in tech, bought stocks post 9/11 and all the way down the 08 rabbit hole. Lol, you're right, 12M. I guess I am so blown away I can't think straight.  |
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percentage wise this is close
again, no comment on any absolutes as I stared with much smaller amounts
Wow, someone with your extraordinary abilities should either be working on Wall Street or you should have plowed huge amounts of fiat into Bitcoin given the chance to actually have become rich. Actually, Wall Street isn't good enough for you. You could just buy Wall Street. Ladies and gentlemen, I stand in awe: 300,000 to 400,000% return performance for S3052 since 2010. |
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percentage wise this is close
again, no comment on any absolutes as I stared with much smaller amounts
Wow, someone with your extraordinary abilities should either be working on Wall Street or you should have plowed huge amounts of fiat into Bitcoin given the chance to actually have become rich. |
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pffft forget it. I wont tell you any absolute numbers. I also dont need to know if and how rich you are.
Fact is that I outperformed B&H by factor 1.5-2.0.
Orders of magnitude is wrong as I mistyped this and corrected it already in the original thread.
Ok, since B&H from $0.60-$1200 is a 200,000% return, then your out performance amounts to 300,000-400,000%, or with a not unreasonable 10000BTC, $18M-24M? |
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You are right in most aspects except of one.
People who have sold at 1200 $ like me did not need to be stuck at mtgox. bitfinex was running smoothly at the time and withdrawals were smooth as well.
So then you should be richer than rich having sold a100% BTC portfolio @$1200 after having successfully navigated all the twists and turns on the way up from $0.60. Not sure why you are concerned about my "richness" or lack of. I am very happy. Believe it or not, I did sell a lot between 1100 and 1200. [/quote] Not concerned about that at all. It's the accuracy of your claims I'm concerned about. especially the ones about outperforming buy and hold. If one reads the title of your sub thread and your comments within it, one would think you've never made a trading mistake on the way up from $0.60 to $1200. If true, you should be richer than the many buy and holders who have indeed become rich over the same time period. [/quote] Just to put the ludicrousy in perspective, let's assume S3052 put $6000 into buying 10000 BTC @$0.60 in the middle of 2010 which is about where I can pinpoint his start in Bitcoin. This is about 6mo before me. Why $6000? because I know what his IRL day job is and that would not be an unreasonable amount for him. Those 10000 BTC would be worth $12M if he just held into the top when he says he sold, a 200,000% return. Not bad and certainly enough to thrust him into the rich category. Remember, he said his portfolio was 100% BTC at the top. But, he says he's outperformed buy and hold with day trading by an order of magnitude which would be a 2,000,000% return. This is why he must be richer than rich. |
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You are right in most aspects except of one.
People who have sold at 1200 $ like me did not need to be stuck at mtgox. bitfinex was running smoothly at the time and withdrawals were smooth as well.
So then you should be richer than rich having sold a100% BTC portfolio @$1200 after having successfully navigated all the twists and turns on the way up from $0.60. [/quote] Not sure why you are concerned about my "richness" or lack of. I am very happy. Believe it or not, I did sell a lot between 1100 and 1200. [/quote] Not concerned about that at all. It's the accuracy of your claims I'm concerned about. especially the ones about outperforming buy and hold. If one reads the title of your sub thread and your comments within it, one would think you've never made a trading mistake on the way up from $0.60 to $1200. If true, you should be richer than the many buy and holders who have indeed become rich over the same time period. |
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This is unusual to have a crypto media source that does not have excuses in the back pocket to explain BTC crash (exactly crash, not up) events that are certainly going to happen. I always thought the media already knows who will be the scapegoat. Price dropped. However, this sort of thing could be a fore taste of things to come. Market manipulations happen. Nowadays you can trade BTC on a leveraged basis. This give people that hold a lot of BTC a huge amount of power. They have enough BTC to move the market any time they want.
So what they can do, for example, is open a “short” position on a leveraged BTC exchange, then DUMP a load of BTC on to the market. Their dump forces the price of BTC down. They “win” their short bet, and (if they so desire) can slowly buy back their BTC at a cheaper price. They can even increase their holding. Remember, the trade is leveraged, which means that they can get 10x or even (in some cases) 100x the percentage move. So if the % move was 2%, they can get a 20% return, or even a 200% return, which can be an incentive for people to play dirty. If you look at a 4 year logarithmic chart you’ll see that the huge bull runs are almost perfectly 8 months apart
Price highs and lows run in a well defined sequence. We are now upon the next 8 month increment also the previous huge bull runs were preceded by unusually long periods of price stability in similar triangle patterns. All of this would lead you to believe the price will go into another huge bull run till the end of a year.
Sure they can do that and no doubt they have recently but in actuality these types of trades are extraordinarily difficult and risky to pull off especially on foreign exchanges with unknown owners who could run with your money at any moment. As with any other trades, timing is paramount. If you're wrong about sentiment there could be a bull whale lying in wait to squeeze the hell out of your short. You also never know if the exchange owner himself is looking to screw you. I've never left a dime on any of these sites and am so glad I didn't which is also why im so skeptical of people who claim they sold out their 100% BTC position @1200. How the hell could they have done that since the only real exchange they would likely have used was gox back in December. And that's when they weren't wiring any USD out so even if you were good enough to have picked the top how could you have gotten the money out. I don't wish any theft on anyone but if some whale is trying to short the price down it would serve him right to get nailed. Now is not the time to try that.
People who have sold at 1200 $ like me did not need to be stuck at mtgox. bitfinex was running smoothly at the time and withdrawals were smooth as well.I didn't see 1200 on bitfinex, although it could have happened briefly. But between 1000 and 1100 was certainly possible on both bitfinex and bitstamp. At the same time, I think that most people who claim to have sold out at those prices are more commenting on the small size of their stash then their investing acumen. As Cypherdoc was implying, a typical large holder would not accept the risk of trusting these sites with 1000s of coins or the fiat equivalent. Of course, YMMV, nothing ventured nothing gained. And a whale professional investor may be flying to HK/UK to personally meet the exchange owners, have a staff researching the past history of said owners, etc. Good point, 1200 only happened on gox and was significantly higher than all other exchanges. S3052? |
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This is unusual to have a crypto media source that does not have excuses in the back pocket to explain BTC crash (exactly crash, not up) events that are certainly going to happen. I always thought the media already knows who will be the scapegoat. Price dropped. However, this sort of thing could be a fore taste of things to come. Market manipulations happen. Nowadays you can trade BTC on a leveraged basis. This give people that hold a lot of BTC a huge amount of power. They have enough BTC to move the market any time they want.
So what they can do, for example, is open a “short” position on a leveraged BTC exchange, then DUMP a load of BTC on to the market. Their dump forces the price of BTC down. They “win” their short bet, and (if they so desire) can slowly buy back their BTC at a cheaper price. They can even increase their holding. Remember, the trade is leveraged, which means that they can get 10x or even (in some cases) 100x the percentage move. So if the % move was 2%, they can get a 20% return, or even a 200% return, which can be an incentive for people to play dirty. If you look at a 4 year logarithmic chart you’ll see that the huge bull runs are almost perfectly 8 months apart
Price highs and lows run in a well defined sequence. We are now upon the next 8 month increment also the previous huge bull runs were preceded by unusually long periods of price stability in similar triangle patterns. All of this would lead you to believe the price will go into another huge bull run till the end of a year.
Sure they can do that and no doubt they have recently but in actuality these types of trades are extraordinarily difficult and risky to pull off especially on foreign exchanges with unknown owners who could run with your money at any moment. As with any other trades, timing is paramount. If you're wrong about sentiment there could be a bull whale lying in wait to squeeze the hell out of your short. You also never know if the exchange owner himself is looking to screw you. I've never left a dime on any of these sites and am so glad I didn't which is also why im so skeptical of people who claim they sold out their 100% BTC position @1200. How the hell could they have done that since the only real exchange they would likely have used was gox back in December. And that's when they weren't wiring any USD out so even if you were good enough to have picked the top how could you have gotten the money out. I don't wish any theft on anyone but if some whale is trying to short the price down it would serve him right to get nailed. Now is not the time to try that.
People who have sold at 1200 $ like me did not need to be stuck at mtgox. bitfinex was running smoothly at the time and withdrawals were smooth as well.So then you should be richer than rich having sold a100% BTC portfolio @$1200 after having successfully navigated all the twists and turns on the way up from $0.60. |
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This is unusual to have a crypto media source that does not have excuses in the back pocket to explain BTC crash (exactly crash, not up) events that are certainly going to happen. I always thought the media already knows who will be the scapegoat. Price dropped. However, this sort of thing could be a fore taste of things to come. Market manipulations happen. Nowadays you can trade BTC on a leveraged basis. This give people that hold a lot of BTC a huge amount of power. They have enough BTC to move the market any time they want.
So what they can do, for example, is open a “short” position on a leveraged BTC exchange, then DUMP a load of BTC on to the market. Their dump forces the price of BTC down. They “win” their short bet, and (if they so desire) can slowly buy back their BTC at a cheaper price. They can even increase their holding. Remember, the trade is leveraged, which means that they can get 10x or even (in some cases) 100x the percentage move. So if the % move was 2%, they can get a 20% return, or even a 200% return, which can be an incentive for people to play dirty. If you look at a 4 year logarithmic chart you’ll see that the huge bull runs are almost perfectly 8 months apart
Price highs and lows run in a well defined sequence. We are now upon the next 8 month increment also the previous huge bull runs were preceded by unusually long periods of price stability in similar triangle patterns. All of this would lead you to believe the price will go into another huge bull run till the end of a year.
Sure they can do that and no doubt they have recently but in actuality these types of trades are extraordinarily difficult and risky to pull off especially on foreign exchanges with unknown owners who could run with your money at any moment. As with any other trades, timing is paramount. If you're wrong about sentiment there could be a bull whale lying in wait to squeeze the hell out of your short. You also never know if the exchange owner himself is looking to screw you. I've never left a dime on any of these sites and am so glad I didn't which is also why im so skeptical of people who claim they sold out their 100% BTC position @1200. How the hell could they have done that since the only real exchange they would likely have used was gox back in December. And that's when they weren't wiring any USD out so even if you were good enough to have picked the top how could you have gotten the money out? I don't wish any theft on anyone but if some whale is trying to short the price down it would serve him right to get nailed. Now is not the time to try that. |
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... "Should" is the scary word here  no kidding its during times like these that reading technical articles about the math behind Bitcoin restores confidence in what we're dealing with. read Graf's article i posted above. also, ignore idiots like Severro. notice how those punks never enter this thread except for the one time fallling dared to post? they don't dare to hang out in threads where there is actual intelligent ppl and discussion going on. plus, i'd rip him to shreds. he never talks about anything technical b/c i'm sure he doesn't understand what Bitcoin is or what it represents. he just a hired troll used to scare the weak minded. Or just watch that Wences video I keep posting. The trolls can think and post what they want, but the reality is that bitcoin is an unprecedented advance in the technology of money, and given the extraordinary efficiency gains inherent in improving the one technology that moves all value around the world, it'll slowly but surely seep into the core of global human exchange. Let the weak-minds do what they do best: emotionally react rather than intelligently evaluate. Tom Woods is taking questions for Bob Murphy podcast |
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selling it off baby, selling it off:  |
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how fitting would this be? "Alibaba (BABA) top ticks the stock mkt with the largest IPO in history":  |
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this would be such a brilliant place for a stock mkt top after 2d of fake breakout rally after bullshit FOMC. we're way overdue after not fixing a single fricking thing on Wall St after what they caused first in 2001 and then 2008. we got a spinning top going today:  here's the VIX:  mind you, this is the least confident thing i'd bank on given the extent of moral hazard Wall St is willing to run on. |
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i know everyone's feeling bad right about now with this relentless pullback but i strongly believe Bitcoin is going to start diverging UP inversely from gold very soon. in the big fractal of the Bitcoin price chart, we look to be completing the retest of the initial low @339. the bounce should begin:  "Should" is the scary word here no kidding its during times like these that reading technical articles about the math behind Bitcoin restores confidence in what we're dealing with. read Graf's article i posted above. also, ignore idiots like Severro. notice how those punks never enter this thread except for the one time fallling dared to post? they don't dare to hang out in threads where there is actual intelligent ppl and discussion going on. plus, i'd rip him to shreds. he never talks about anything technical b/c i'm sure he doesn't understand what Bitcoin is or what it represents. he just a hired troll used to scare the weak minded. |
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God almighty, this place is exactly like it was in 2010.
some things just keep cycling. |
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