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Woke up today, and remembered I owned a crap ton of bitcoin, along with Richard Branson and Tim Draper.
Realized life is good. Then I brushed my teeth.
Bullish.
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Any suggested places to withdraw to?
Betty Ford |
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no wonders ripple gimpled out into a free-fall. Ripple has been a typical PnD since November 19th. The pumpers will just continue walking it down, back down to pre-pump levels. Surprised people keep falling for the Ripple scam, over and over again. |
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what happened to AsicMiner?
Standard exit fraud. Cue violins. One of the funny things about combination game theory is that in a 2 person prisoner dilemma playing a single game the dominant strategy is to fuck each other over. This is why people form communities, to keep from getting fucked over. Now, when you play multiple games with the same players, the best option is tit for tat, highly cooperative. But if there is an end limit to the games then defecting on the last round is the dominant strategy. And if you defect on the last round, why not the next to last? And so forth... Which brings you back to the classic equilibrium of "fuck everyone" as the dominant strategy. FC and Asicminer (and just about every other mining company, cloud mining company and "investment bullshit" system) are just following a strategy. Which sucks donkey cocks. This is a problem IMO. No the problem is that people keep falling for theses scams, over and over again. Stop falling for them, and they die in their crib and go away. Are people into cryptocurrencies really this gullible? They laugh at Grandpa and Granny falling for the pink sheet phone scams, and yet they fall for the same thing, just in a different way. And crypto enthusiasts are supposed to be younger, smarter, and wiser than Gramps. Yeah, more like young, stupid, and naïve. |
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Just woke up to troll central it looks like. Price spike imminent...  Yeah. Just checking in after a couple of days' absence myself and this place is a mess. It used to take at least a $2 price dip to send the trolls into a frenzy. Today the price is actually up and yet they're still foaming at the mouth. Meanwhile in the real world, we're where we've been for about a week, mostly in the $245-$250 range. Sideways, ho hum. Lol. Since end of January, I keep waiting for this epic dump that the trolls continue to blather on about. And waiting... and waiting... and waiting.... now we're moving into April. Seems they like to continue blathering on and on since then, but simply don't have the coins to massively dump any more? /bearmarket #beartrendover Still. Fking. Waiting. 2 months have gone by now, and still all you trolls have is talk? No coins left to dump, just talk? LET'S SEE THIS SUPPOSED EPIC DUMP YOU TROLLS KEEP BLATHERING ON ABOUT. PUT UP, OR FKN SHUT UP. |
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IMO, The proposed wedge has played out with the throw-over to $152. Since nothing came of it in the form of violent break out, I believe it wasn't ever a wedge in the first place, and it shows serious weakness in bullish attempts at rallying.
Because TA works in the bitcoin world! |
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Nope. I set a limit as to what I was willing to spend and how many coins I thought would make a difference to my life in the future if it really took off and stuck to it. If I want more then I'll earn it or trade for it.
If it dies, so be it. I'm not going to chase it downwards. The idea of spending more to reduce a loss doesn't really compute for me.
yeah, my feelings exactly. Not going to chase it. If it is going to make it-OK. If not, then it would not. Averaging down does not work in 80-90% cases on the stock market as well. Cool, wait for an uptrend to be confirmed at 400+, then buy. (But then you could have bought at $240, oh well... you can chase it on the way up) |
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Yes I'll admit that I've "averaged down" on bitcoin. Actually just bought some more @ $220 a month ago, and still don't regret it. At some point you have to let it ride, man.
Only bulls and permabulls do this.
The bear troll day traders would never do this, they only open/close long short bitcoin positions in short time frames. But of course, day traders don't see bitcoin as real money, as an asset to hold long term and actually use in the real world. They only see it as something that can use to profit (or lose) more fiat on. Most of them lose... constantly.
Something to consider:
When bitcoin takes off again, it'll catch you completely off-guard. It'll triple in price before you can even hit the "buy" button. So ask yourself, is that really the place you want to be, being late to the party?
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anyone heard about this new currency called XRP ?
R.I.Pple ? Lol. Who didn't see that total PnD coming. And I wouldn't be surprised to see more dumping from the founders once their lockout periods lapse. Can we all plz just get behind BTC and stop with all the other shitcoins/scamcoins already? |
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We gonna see sub 0 $ coins! You have been warned  I'm buying tens of thousands when the price hits -$10, w00t!!!! |
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Just woke up to troll central it looks like. Price spike imminent... Yeah. Just checking in after a couple of days' absence myself and this place is a mess. It used to take at least a $2 price dip to send the trolls into a frenzy. Today the price is actually up and yet they're still foaming at the mouth. Meanwhile in the real world, we're where we've been for about a week, mostly in the $245-$250 range. Sideways, ho hum. Lol. Since end of January, I keep waiting for this epic dump that the trolls continue to blather on about. And waiting... and waiting... and waiting.... now we're moving into April. Seems they like to continue blathering on and on since then, but simply don't have the coins to massively dump any more? /bearmarket #beartrendover |
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Pretty obvious the reason for the rise right now.
what is it? Federal agents stealing BTC is covered in mainstream media in the states. yes that is pretty good news It's almost as if the shorts can sense that public interest is turning around for the positive, and are like "Oh shit, we need another Bitcoin hit piece stat! Queue the FUD!"  |
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There will be no slow and understandable rise.
Last rise to $1k was individuals.
The next rise will be institutions, and governments will be forced to capitulate.
We are witnesses to one of the most historic moments in the human race, and we all have prime seats.
It's a mistake to believe that bitcoin will be rationally priced as a fair percentage of the economy it represents... What will happen is that irrational bags of meat will lose their fucking minds and drive the price of bitcoin to absurd values.
And I'm already here, MJ popcorn gif style.
Exactly. We can rationally see that if bitcoin was used everywhere in the world then 1 bitcoin should cost 1 000 000$. however, people are not rational so they get greedy and drive the price 10x higher than it's real value is. I wouldn't be surprised to see 1 bitcoin costing 10 000 000$. Just like no one in 1990 would've believed that two decades later a share BRK/A stock would be trading at $217,000. Bitcoin has the same potential, and the network growth to get there faster. |
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Ok OP, if you truly plan this thread for the 'permabulls' then you absolutely need to instill a few rules:
1) Delete ALL troll posts or bear posts from this thread (yes NotHatinJustTrollin, I'm looking at you)
2) Allow for some serious long term positive bull discussion
3) ADHERE to rule #1
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...for the 53rd time...shhh....don't tell anyone.... |
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But would the next buyer have to hold as long?
I don't think so. Part of the condition of approving the fund was freezing those shares for 12 months. I'll bet a fair few paid a whole lot more than the current price so there's no particular reason to sell. Bingo. I'm guessing most bought in between $700 - $500. Even buyers at $400 will want a significant profit. |
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Holy shit, trolls coming out full force just because we're back at the $240 range. We were here last month, and there was much less FUDing then. Oh, well, I guess a (sharp? could 8% in one day be considered sharp?) decline to $240 makes them harder (or moistens them up more) than a steady uptrend to $240.
Bears have their days, bulls have their days (funny how the beartrolls are much more vile), I'm just gonna sit on my bitcoins and see what happens.
They're not beartrolls, they're day traders. They're buying while everyone else is panic selling. Then they'll pump again and make another 10-20%. Wash, rinse, repeat. |
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