Called him out?  You're posts say otherwise.  Your post about Bitcoin being "vapor"  says all I need to know.  I have used BTC to purchase many things in the real world and I used some in my most recent home purchase.  Ignorance is bliss, correct?

Post something of substance.  You are either short, or you're hoping to buy in at a cheaper price point.  Simply state your position and what you're trying to accomplish.  I am long and adding on every dip.......

You are a freakin tool arse hat!  You have skin in the game if you're taking time out of your day to post  (childish and troll like garbage) regarding bitcoin.  Disclose your interest or vanish.  Damn cock roach!

Well, Bitcoin done it and I got run over trying to short the trend break attempt, twice! And now I am in a very bad position looking up at a market that has left me way behind. Of course, I simply cannot go long here, and will not go long until Bitcoin corrects significantly and puts in bullish market structure. I may get lucky, and get long at $430, on retest of old resistance levels, or this may just take right off, and I may find myself not entering Bitcoin until $500 plus. It sucks, but that is what happens to people who bet against the prevaling trend.

Bitcoin is now a bull, and those who aren't already long, need to be looking for pullbacks in my opinion and those people like yourself (or myself for that matter), shouldn't allow their judgement to be clouded by forming contrarian opinions in the face of bitcointalk.org bulltardedness.

Market statistics say, that now Bitcoin has resolved that large symettrical triangle bullishly, there is a 75% chance that Bitcoin will hit around $800 sometime this year and perhaps this is one reason why contrarians and general non-believers such as myself, might just find themselves standing hold thier dick, staring at the rocket as it takes off. But my rule remains. No Bitcoin buying until significant pull back. I just can't do it.
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I give you an A+ for owning your mistake as we all make them and a good trader owns it and learns from it.  I think you hit the nail on the head.  I managed a small hedge fund through the 90s and I got crushed 9 out of 10 times when I tried to play against the prevailing trend.  I would try to rationalize and sometimes even put more equity to work in a bad position.  The trend is your friend (I know it's a tired saying), but shorting Bitcoin at this point makes zero sense/cents.  You might get lucky scalping a little here and there, but the risk/reward isn't in your favor.  Buy the dips and scale into the current trend.  The trend can run for a long time s you know.  Bitcoin spent two years digesting the 2013 rocket ship ride, and I suspect it's now on it's way to eventually challenge the old highs.  Good luck!

I'm with you Roach.  Some folks have zero understanding of VERY basic economic principles.  I guess common sense isn't as common as I once believed.  Increasing demand  (no guarantees this will be the case, but history is on our side), with less coins joining the float will absolutely positively increase the price.  There is NOOOOOOO way around it, but some can't seem to grasp the concept of supply/demand.  Bitcoin has been slowly increasing over the past several months.  This means more money is coming into BTC vs the $ amount joining the float on a daily basis.  Yes, some miners and others sit on their coins, but they have their reasons.  Big fish are starting to swim into this space and it will be a game changer.  The coming economic weakness will bring much uncertainty, plus the halving and diminishing fear regarding the fork.  Heck, throw in a possible ETF enabaling Joe Trader to buy and sell BTC.  1,000+ coming to a theatre near you.

I respect your opinion, however my past experience trading equities tells me otherwise.  I can't tell you how many times known events caused stock appreciation before and after the event.  These were stocks with 50 billion+ market caps with large floats.  Time will be the judge, but I highly suspect the obvious can and will play out.  I love thinking in a contrarian manner, but sometimes the obvious plays out as one would expect.

There are never guarantees in life, however I HIGHLY suggest everyone buys as much BTC as they can and enjoy the upcoming ride.  I would suggest selling a little off when your position has doubled.  Let the remainder ride for the next 12 months.  A large move is coming and it will shock the "priced in" crowd. 

Dude, you need to do some soul searching as you seem to have some anger issues. 

Your chart shows something that is currently digesting a large move  (Oct/Nov 2015) via sideways trading.  These scenerios break towards the prevailing trend 9:10 times.  Come on guys......  Any of you bears have any REAL experience?

Roach,

You are dead on brother.  I managed a small hedge fund through the 90s (made over 100,000 trades during that span), and I can't even begin to tell you how many times something obvious was "priced in" to a stock price according to my peers.  A stock split, earnings beat, merger, etc.  Nobody can say with complete certainty, but simple supply and demand will cause BTC appreciation over time.  People shouldn't own any kind of speculative investment if they can't grasp supply vs. demand 101.  Equal to increasing demand with decreasing supply will absolutely cause an upward trajectory.  There is zero chance something with the tiny float of BTC has "priced in" an event 3 months from now as this is more Wild West vs. the Wild West of the 1800s.  Some smaller shops are starting to take note and accumulate BTC as well, and this should put a very solid floor under any massive selling attempts.

This is the chart that's giving me pause for the time being.  I would LOVE to buy more coins under 200, but who knows? 

https://bitcoinwisdom.com/markets/bitfinex/btcusd

me too.....  I'll simply dollar cost average in every 2 weeks as I have been for a very long time now. 

Ah ok, no worries.  I'm a Bitcoin bull for the record and I see great things over the coming years.  Bear markets tend to come to an end when the greatest of bulls capitulate and throw in the towel.  We might already be trneding up and moving into a new bull phase, but one last shake out wouldn't shock me.  Nobody truly knows and only time will tell.  Good luck to you!

Wow, certainly hit a nerve with a VERY possible scenerio.  Bitcoin is INCREDIBLY volatile and the last drop to 150 happened with almost zero news.  It dropped from 640ish to 150 in the matter of 3 months or so.  Listen, I'm not a "passive aggressive" sort as I have nothing to gain from playing psychological games with people I'll never meet.  I traded professionally for several years and I managed a small fund.  The contrarian play tends to work rather well.  Bitcoin could EASILY shott straight back to 300 and start a long needed bull trend, however I'm leaning towards the retest.  Good luck and please save your emotional responses for the trolls.......  I'm not looking for it.  Agreed to disagree and move along.

Well, most bottoms have a retest eventually and testing 150 would be healthy and the least expected by the sounds of things on this thread.  I suspect we test 150 over the coming weeks.  It would actually be a healthy event for a sustained bull run.

I guess you can find a troll with every positive news release......

I disagree with people already anticipating this "halving" situation.  I've been following BTC for 2 years and investing in BTC for 1 year now.  This is the first time I've read about it, and I've done a decent amount of research.  Yes, within the loyal followers, but I still run into people (all the time) who haven't heard of BTC.

100

Bought more........ Will continue to do so on any future price weakness as well......