I remember a guy who bought a big bunch of Litecoins at 6$, he bought around 10k of them with money he could not afford to lose.
When litecoin hit the bottom, at that time it was 2$. He was full of despair and wanted to take his loss.
I have no idea if that guy sold or not, he was advised not to sell.
Three weeks later, November arrived
Truth is, you need at least two bubbles to stop caring about the price.
Pretty much this
Seen two to three bubbles already myself actually think this is a long one more or less but after a few of these you don't worry as much about it
Although a high entry price relative to actual can make people feel that despair even if they made a logical choice
http://www.youtube.com/watch?v=yc6Hp_Zq3rUSo the logic here is because that because a rally occured at a certain point of emotion in the past, it going to occur at the same point again in the future? Is it like groundhogs day and we just keep repeating the same thing over and over?
Well I am responding with videos so I guess I'll put it back here
We got that price going back from the old rate
Just check the chart at the beginning and think about it this is one year ago do you really think its just emotion or if their is something else there
http://www.youtube.com/watch?v=pID03RrmKowI don't understand. I see a quick zip through a chart and then a music video. Was there supposed be some TA somewhere?
Did you check the price at the start of that video and the amount of days that passed by
It changes a lot in a few months
Were talking about the 1-30 dollar range last year
Price history not even TA
http://www.youtube.com/watch?v=jq57BjBVq7o (Although I might just be having a bit of fun with Zhou Tonged
)
So basically were standing here having a conversation about why Bitcoins are too cheap at 500 dollars compared to 900 dollars one year from the date when it was only at 90 dollars and asking why it is doomed to fail now
http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvJust find the defense position a bit funny here
YTD is still 550% lol.
Basically same story with the Litecoinguy
I remember a guy who bought a big bunch of Litecoins at 6$, he bought around 10k of them with money he could not afford to lose.
When litecoin hit the bottom, at that time it was 2$. He was full of despair and wanted to take his loss.
I have no idea if that guy sold or not, he was advised not to sell.
Three weeks later, November arrived so three months is nothing.
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