I largely agree that Buy and HODL can be a very profitable strategy in bitcoin; however, I personally believe that skimming a little bit on the way up is a more prudent strategy to insure yourself from some of the downside risk and to psychologically help during the likely inevitable weak hands shaking out periods that can last much longer than expected.
On the hand, I get a little bit perturbed by toknormal and some of his ilk who seem to be suggesting a kind of downside inevitability that likely scares folks into making bad decisions by either selling or failing to buy... They have been so wrong in the past, too, but still they like to spin their more downside TA theories without really acknowledging how frequently they have been wrong in the past and failing to account for the exponential price s-curve dynamics that could cause their TA to fail to account for their projected TA dip not to materialize in the real world.
I believe this is the last drop before the next bull run. Be careful though, the next bull run will likely end just as quick as it began. My immediate forecast is a doubling from the current price over the next 37 days. Followed by a 6-8 month decline that resembles 2014-2015. But I seem to be correct only 53% of the time unless you count the last 3 predictions. April 6, Mid-May, and June 10. https://bitcointalk.org/index.php?topic=178336.msg37618728#msg37618728 if you quote it, you will see the message after the last period. Another big drop coming tonight. I'm calling it. |
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Theymos says 3 grand. I'm betting on 3 grand. Sad but true.
$3k is not impossible, but that was not my prediction. I think that: - The most recent crash was artificial, driven by very few whales. - The market has wanted badly to stabilize for a while, but keeps choosing what turns out to be a too-high price. So I predict that the price will rise somewhat, maybe a bit above 7k, and then it will either stabilize (in BTC terms...) or *slowly* continue a downward trend. I feel that we are not too far from a sustainable longer-term price: I'd guess 5500 at the lowest. IMO 3k *could* be reached by widespread panic selling, and 1k could be reached if some shit *really* hits the fan, but I consider neither likely. Thank you for the clarification. (I'm still betting 3 grand.  ) |
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three thousand dollars
wow
that's like over 2 ounces of gold...crazy
You seem pretty content with this arrangement. What's your secret? Is it booze? (Tell me it's booze.) |
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I think the pain is just beginning.
Theymos says 3 grand. I'm betting on 3 grand. Sad but true. Thermos doesn’t exactly have a strong track record of market calls. Everyone is saying $3000. $3000 is the new $99. It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000. I don't expect it to happen overnight.. |
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I think the pain is just beginning.
Theymos says 3 grand. I'm betting on 3 grand. Sad but true. |
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Let’s hope so because I’m starting to get a little concerned atm
why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000. Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions. |
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a price of about $3200 in the current situation.
Biggest pump and dump in history. Thanks, Wall street.  |
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When real people join in the bull troll. It's like watching a car crash with all my old friends.  |
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BTFD
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The biggest pump and dump in the history of the world. Kudos, Bitcoiners!
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The bull troll brigade has certainly thinned out. I hope all the real people got out in one piece.  |
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I officially bull trolled myself out of a once in a lifetime opportunity to make something of myself. That is so me.
AMA.
How badly does it hurt? Feels bad, man. |
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I officially bull trolled myself out of a once in a lifetime opportunity to make something of myself. That is so me.
AMA.
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B'awb retired, LastoftheV8's loaded up on personal automobiles and hit the skids, Jimbo bought up Mexico. It's over. There's nothing more to see.
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You know I love you guys, but this thread is beginning to feel like a cargo cult. John Frum is not coming back.
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Smugness is not a profitable quality. |
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Good evening Bitcoinland. My condolences. Wats up like dat? Several of your posts come off as detached, and kind of relishing downwards ticks in BTC prices. Did you sell some BTC or did you margin short? Don't mind me. Getting used to being the butt of my own joke. |
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Actually it was a billion years. My mistake.
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