You can't do that, bro
Seconded. That just ain't right. |
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I wish I had your patience.
But alas, similar to what Majormax described, even if my analysis is 'after such a longer period at basically the same price, a break downwards will cause a big move down', my actual buying pattern is too optimistic.
I'm probably falling prey to the same impulse tbh. What can I say, FOMO kicked in for me. |
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Yessssssssssssss
Winner is writing ! May be some of you would like to know more about me and how I became the winner.
Felicitations! |
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pffffff then everybody is gonna hate me, if we have to wait till then  lol that I believe. I think The Snowman will cavort in hell before Mic becomes a pessimist. I'm prepared to buy all the way down. I will not begin until we reach the next resistance area around $2,700ish.
I've held off for a long time, but finally took a nibble between 3200-3500. Here's to 2019 and prosperous buying! |
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The overall feeling was similar to other bear markets - agony, despair, etc. However, many of us took to heart the rumors of bitcoin's demise. It seemed likely that bitcoin would, at best, remain something of a hobby for cypherpunks. OTOH, the despair was different. It was more about the loss of a dream, and less about the loss of money. Since BTC was so cheap, most people only had like a few grand invested, at most. Unlike Dec. 2017-18 when even the shoeshine boy lost $100K+.
You guys deserve respect for persevering through that. You pretty much blazed the trail that we could look back on for confirmation that Bitcoin would survive the worst. |
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Now, to fry it makes not so much difference, in past times we also did it (in secret) with the fat of Roman, Germanic, Austrian, Spanish, Dutch, German again and again, invaders and occupiers.
I'm sending my apologies right now for your Christmas roast.  |
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And to be complete, we fry all that not in oil, but in the molten fat of oxes, if I say that right, means castrated bulls... .
Oxen are draught animals. Would expect the fat to be rendered from steers/bullocks instead which are raised for meat production. |
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No, that sh*tstorm is going to happen end of Feb or into March 2019...that will be a major cluster***k.
That would be at the very earliest. Given how long things have dragged out, it'll more likely be the summer or autumn. |
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NIce! Yes, people were following it on the BETI thread. https://bitcointalk.org/index.php?topic=470453.0 We were supra-exponential for a bit last fall, now below the trend as your graph rightly shows. EDIT: Bobby Lee says $333K in DEC 2021. I will sell some at 200-300K to whoever would want a piece, lol. Last time waiting for BETI 1.5 (it would have been 28-30K or so) did not work out. It would have happened if not for CME. Not to sound like an old fuddy-duddy, but at some point the line will not be held and we'll have to "endure" mere linear growth (this being a finite planet and all). |
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this market right now feels a lot more like the the 2011/12 bear than the 2014/15 bear, more vicious, organic, dog-eat-dog and less managed/contrived/orchestrated/manipulated.
In 2011/12 all the stolen Gox coins were being dumped, effectively increasing supply as they were being accounted for twice. |
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Here you go...NSFL  What a, er, beautiful baby you have there lol. |
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What this thread needs more than anything is its very own baby.
I thought we had infofront's? |
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In any event closely aligned with my current thinking and still relevant. Largest concern is a lack of “bitcoin is dead” newspaper headlines at this part of the cycle, and the fact that the price is down a bit further than it should be for early December.
The lack of a convincing bounce on this drop from 6000s is a bit unusual too. I'm struggling to find an analogue anywhere on the weekly log chart. |
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You might have to clarify though: does receiving a Golden Shower from a prostitute count?
Depends, was that before or after he was tied to the bedposts and whipped? And we are still scared. I am. Let's be honest, you too. Yet here we are hodling and thinking if the time has come to start buying again. Are we? If anything I am quietly cheerful that n00bs have handed us back our coins again at another 80-90% discount and are once more decrying the untimely death of Bitcoin. Bravo n00bies! |
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With that much hate towards females I think he has been rejected all his life. I think I even feel a bit sad for him, but just a bit.
.. and that bit is gone now too.
An excellent topic for the next poll. Roach: lifelong virgin or not? |
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You are not really saying anything different from me, yefi, yet can't we concede that there has been a whole hell-of-a lot of development, adoption, and even public consciousness in bitcoin between 2013 and today, yet perhaps bitcoin grew from .05% to .75% of world adoption. Great progress, but holy shit far from being able to serve anything like a currency - even while liquidity is way better, so for example, from almost anywhere in the world, if you can get an internet connection, you can transfer various amounts of money for almost free an no one can stop you.
Of course, some places it is going to be difficult to figure out how to cash out your bitcoin, so there may be some fees involved, but bitcoin definitely gives options to people - and peeps are going to come to this better mouse trap, even though it could take 50 years for people to figure out - including getting distracted by the multitude of shit coin imitators who are building and selling fake mousetraps.
Technically we can't concede, because we've never resisted or denied those things  . Bitcoin growth and development has been amazing. I could not have wished for more when I joined this forum five years ago. You are right also, we appear to both be paraphrasing a point that the currency function will emerge naturally as a result of Bitcoin's continued growth. The lack of that function at present is no reason to dismiss Bitcoin. |
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A thought experiment
........ It rallies to $5350
Then it drops , and smashes through all support to $1150
Then the unthinkable happens... and it drops again
to $530.....
Markets are haywire, trading platforms freezing up, going off line, metric sites are spewing out jibberish
On Finex it flashcrashes to $75
Coinbase flashcrashes to $50 and goes offline
The price rises to $750 and stabilises for 6 hours
It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?
(Bonus question- Bitcoin SV OR Bcash or Ripple or Doge or ETH or some other shitcoin is simultaneously going parabolic and either Craig or Rog or Vitalik are on youtube shit talking about how they are now number one, what are you doing? did you FOMO SV or Bcash, Doge or ETH or rando shitcoin? or no because rekt, rage quit, drunk etc) (EDIT for arguments sake lets say that the coin that has gone parabolic has already hit $5000)
Sorry I know its sordid and dark.... but I am curious to your answers  especially if they are amusing
Jeez, how many crazy things are happening in this scenario? Is Kool-Aid man going to bust through the walls too? I'd probably say eff this and go to sleep. |
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Jay, people need to start using bitcoin as a currency and not just an investment. Bitcoin is a failure if all its ever going to be is an etf or a penny stock. How you going to use it as a currency when 1% or less of the population believe in it? You need coincidence of wants for trade, and you need coincidence of belief in a medium for it to act as a currency. We have far to climb yet before two strangers can break bread in the bit-church, but climb we must. |
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It looks bullish from that dataset, but with so few points to work on it's a bit like pulling planets out of the Kepler data - sometimes it's just noise. |
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I just realised I'm nothing but a degenerate gambler - Coinbase Pro makes it too easy to transfer GBP in easily :-)
At this rate, I'm gonna be out of Fiat by the end of the weekend and living in a shoebox!
So I finally capitulated on fiat and used CB Pro to buy my first small tranche of bitcoin. Impressed so far.  |
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