I can't believe I didn't take the opportunity to buy back in at $68.  |
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Yeah true, but the 5% I do trade with is still a decent chunk of money and justifies hanging out in the speculation lounge. Also I like the chit-chatterish atmosphere here, the lulz, and the occasional big walls to watch for, even when not trading  Perhaps he got confused when I said I'm holding 95% in BTC, it's not because I believe the price will go up short term, as I said it's more to it than that. |
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What i dont understand is the people that are holding ,say 10k B that thay are not cashing out now ?
Even if thay think that we will stay at this price.
Becuse if thay dump 10k now the price will fall realy hard and only profit would thay make.
And if you have over 10k you are probebly a person that are not stupid, i think its just crazy that we dont se a faster and bigger drop . And becuse of that we maby wont hit as hard that we think ,but i will hold
My cash steady for som time now .
Because if you hold 10k BTC and sell, you have to pay 3000 BTC in capital gains to the state (assuming you bought cheap). The price would have to drop a lot for you to even break even. Plus, some people are able to look more than a few weeks/months into the future and willing to hold for years. |
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Are you happy to pay ~30% of your profit, effectively erasing all otherwise would-be profits made from a price decrease in the range of $100 to ~$77? Capital gain taxes are horrible, and I'm sorry for anyone being extorted that way. That being said, avoiding taxes can be a very bad investment advisor. One can easily lose a lot more in an investment than in taxes. This is again proven with bitcoin since the bubble popped. Anyone that locked in profits between $250 and $130 is ahead over holding, even after paying 30% taxes on the gains. Don't let the government interfere with your common sense to sell high and buy low. Easier said then done, I admit. Still, the price has to fall considerable just to break even, 30% is a lot, and then you have to hand over your money to the state, which in itself leaves a bad taste in my mouth. I don't want to pay taxes so I'm trying to avoid that situation. Everytime someone pays capital gains tax that means less money in the BTC economy and more money to be used on regulation of bitcoin, it's bad for everyone. I don't "worry" a whole lot about the underlying value, I'm holding roughly 95% in bitcoin and 5% in fiat and I sleep like a baby, and the only reason I hold any fiat at all is to buy back cheaper and increase the amount of bitcoins I own. How can you buy considerably more btc when you only have 5% cash and 95% in btc? This can only mean your capital is very small compared to your income. A situation I assume you want to change however going all in, even at a bottom, is very poor risk management, so chances are low that you will hold on to any capital you succeed in building up, as all-in strategies lead to ruin, sooner or later. I understand that if your capital is low compared to your income, and your income is secure, that you are able to handle the risk to invest all your capital in bitcoin. However, if successful a switch of strategy is crucial in my opinion. Considering you have bought lots of coins during the depression of 2011, you have already 50 folded your invested capital around the recent top, but still you have not switched to an even somewhat more balanced strategy. This does not look healthy to me. I could be wrong, I'm judging based on very little information I have from your situation. I can buy considerably more if the price drops enough, if it doesn't no, then I won't be able to increase my posision a lot, but the bitcoins I gain could still be considered a lot of money once the price goes up again, which I'm confident it will at some point. Also I don't understand how you came to the conclusion that my income is high compared to my capital, it's more like the opposite. Well there you go, it really is that simple, more BTC is what it's all about, just like I said. USD is a means to an end.
I strongly disagree. In investment it's not about how many bitcoins, gold ounces, real estate, or stocks that you are able to accumulate. It's about how much value/purchasing power you are able to build up. You are thinking like a gold bug, or real estate bug, or stock bug. Sooner or later a decades long bear market arrives and they lose most of their purchasing power. At least they can say that it will go up again sometime in the future (though since it can take decades they might not be there anymore to experience it). With bitcoin nothing of the kind! Hard to imagine now but bad news can come in strides and a combination of development disagreements, outlawing by some major government and competition can seal the faith of bitcoin. So being a bitcoin bug is even more irrational as you cannot say with any historical certainty that if will come back sooner or later. I'm sorry for being so confrontational but honestly I'm stunned to see this typical bitcoin bull talk still expressed today after the market proved you so wrong. Either I am missing something here or you are. I believe in bitcoin, I believe the price will raise considerably the next 5 years. For me the only rational thing is to hold as many BTC as I can. I've been through bubbles before and it didn't make me sell out at the bottom, just like i didn't sell out on the top. There are two reasons why: 1. I'm a long term investor, I don't mind holding for years. I don't trade much, most traders lose in the long run. 2. I don't want to sell more than the maximum I can before being eligible for capital gains, something I refuse to pay. What's stupid about buying bitcoin with the intention of holding for 5-10 years? The market hasn't proved me wrong at all, it's just as expected. Up and down up and down, you're clearing missing something here, you think like a trader, not investor. |
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new prediction: 180$ in 12-20 business days   |
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 aaaannnd it's gone  |
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 Seems some are still quite confident |
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I love the smell of freshly minted Bitcoins hitting MtGox in order to crush the delusions and denials of the bulls.
The Great Dollar Extraction.
Don't forget to pay capital gains on your fiat profit. By the sound of it (assuming you sold $100+) that's going to be quite a dollar extraction from your wallet to the state. Worrying about taxes on your profits – first world problems. So you're living in a third world country? Or are you happy to pay ~30% of your profit, effectively erasing all otherwise would-be profits made from a price decrease in the range of $100 to ~$77? Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.
those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-) Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell  See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end. More Fiat with cheaper Coins, more Win. The bear trend warrants me to have more fiat than coins  Fiat entering bitcoin economy is more limited than supply of coins currently, hence the decline. Being stubborn can hurt in this game.. I want to hear about the BTC profits you make, fiat is only a temporary means to acquire more of the true asset. If you end up left behind in the coming rallies your fiat profit will leave a bitter taste in your mouth. Clearly our ideology differs, you think in terms of coins but worry about the underlying dollar value of that asset, else you wouldn't be here! I'm managing risk, and protecting my Fiat against a declining asset. When there is a sustainable rally, il gladly hop in even if i missed the 1st class seat. I don't "worry" a whole lot about the underlying value, I'm holding roughly 95% in bitcoin and 5% in fiat and I sleep like a baby, and the only reason I hold any fiat at all is to buy back cheaper and increase the amount of bitcoins I own. It's all about BTC profits for me, in fact I don't mind the price going down at all, if it goes down far enough I will simply buy more, like I did in the previous bubble down to $2, I approximately quadrupled my position back then by buying in single and lower double digits. I would love to do that again. Ideally I will never have to realize any fiat profit and be able to purchase everything I need with bitcoin. Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.
those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-) Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end. I'm sorry but this is extremely short-sighted and worthy of someone with 0 trading knowledge. We're talking profit here. Even for long bulls, more USD means more BTC. It's as simple as that. Whether you like it or not, he now has 1500 USD worth of extra BTC. Being a long bull DOES NOT mean you have take every loss that BTC goes through. There will ALWAYS be times when having more USD is the better way to have more BTC. Well there you go, it really is that simple, more BTC is what it's all about, just like I said. USD is a means to an end. |
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I love the smell of freshly minted Bitcoins hitting MtGox in order to crush the delusions and denials of the bulls.
The Great Dollar Extraction.
Don't forget to pay capital gains on your fiat profit. By the sound of it (assuming you sold $100+) that's going to be quite a dollar extraction from your wallet to the state. |
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Just curious: why don't folk reveal the position of their bids in advance, if this thread has no impact on the price?
Certain people here are claiming that nothing being said in a silly speculation forum is affecting the price, on the other hand the same people can say things like "if you had listened to us and sold you would have been much better off now". Of course what is being said in here matters, not much maybe, but there are people affected by what's being said here, even the troll box can influence people in their buying / selling. |
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Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.
those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-) Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end. More Fiat with cheaper Coins, more Win. The bear trend warrants me to have more fiat than coins Fiat entering bitcoin economy is more limited than supply of coins currently, hence the decline. Being stubborn can hurt in this game.. I want to hear about the BTC profits you make, fiat is only a temporary means to acquire more of the true asset. If you end up left behind in the coming rallies your fiat profit will leave a bitter taste in your mouth. |
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Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.
those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-) Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end. |
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I've placed my bid at $56. Too soon?
Don't think its soon, I placed around that, just to play the bounce. But I'm very doubtful its going to be the bottom. Probably we will bounce a few times from the 50s, and despair and capitulation will take more time to come. We went from $105ish to $66 very very quickly. I guess there will be a "wait and see" period sooner or later. I'm thinking along those lines as well, I'm unsure how high the bounce will be though. I think I may aim for about 70-80 range. |
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I've placed my bid at $56. Too soon?
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Frozenlock/Blitz/Rampion right now (seen from ShroomsKits perspective) :  |
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They probably will, it's too dangerous to take on US clients these days. I believe perfect money recently did they same thing, and closed all current active US accounts. Let me quote this excellent piece from an article I read recently: "Never do anything against conscience even if the state demands it." - Albert Einstein
To effect change we are left with a boycott in everything but name. It means that non-US Western businesses need to start using "not subject to US law" as a marketing point. We need cloud providers and software vendors that don't have a US presence, no US data centers, no US employees - no legal attack surface in that nation of any kind. Perhaps most critical of all, we need a non-American credit-card company.
If enough of us start to pull our technology purchases out of the US they will indeed sit up and take notice; money leaving the country may well be one of the only things that will ever cause them to do so. [source] |
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I sold ~5% at $98 and I'm not buying yet.
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WTF guys, I leave my computer for a few hours and you crash the price! I've waited for days for this!!!  (To witness the bulls suicide) Don't worry, I posted this pic with a snarky comment to help rub it in while you were gone   |
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 We got to watch out for people like this, does anyone else remember his ultra bullish posts from just a few months ago ? Now he makes thread about "feeling like selling out", "darkness is coming" etc. There will be a point when almost every bull has lost hope and turned bear, that's when we know the bottom is close PS: Sorry for your loss. |
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 Is it fair to say we're now in the "fear" phase? Goat, looks like you won't need to purchase that lamborghini after all |
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