Will be nice to step away and focus on me for the rest of my unnatural life.
Soon.
Never imagined I would be dealing with this sort of existential angst with retirement mere weeks away...
I'm pretty sure sooner than you know, you'll say "never imagined the angst would be gone and forgotten so fast." Cheer up, Bob. You are one of the guys who made it. Be proud and learn to live it up, it needs training like any other art. |
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^+1 WOmerit to kurious  6k potential bottom? time to catch the train? Where is the train on the picture? Train? Which train? |
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Another "obvious" concept - but easy to forget - that many smart folks here have pointed out: for every seller there is a buyer, and vice versa. Someone's really loaded up with cheap coins at the expense of the weak hands.
Never forget - You only lose if you sell cheaper than you bought.
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To state the obvious:
Most of us have been hoping someone else would start buying.
The problem is simply that the majority of the market cash hasn’t been. Why would it when it’s on the way down?
However: Ultimately there is a price that is just too low and there will be more buyers than sellers. The market decides this, not our crossed fingers.
This is the truth. The price will eventually turn up, it must: but ‘when’ the bottom is in can truly only be known with hindsight.
If this is over, we must be thankful - because a slow bleed is worse than a sharper, faster one. Anyone who waited after Gox for a final bottom for over a year will remember the pain of this.
That said, we know in our soul these coins are really cheap, we just need to feel the market agrees, so we don’t buy before they’re cheaper still.
Once it is apparent the market has decided, we know the bottom is in and so we can BUY.
And BUY, we will.
A great way to put it. I've been buying like mad on the way down - perhaps too much, too early, but when she gets back up were she belongs it will be much less relevant. The thing is, in these bloody days, I didn't feel as much panic as I felt FOMO. |
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The floor is in. A certain family member just sold, the poor bastard.
Could be. Had someone I know swallow a 50% loss and leave. The problem of course is they aren’t coming back any time soon so where the fresh money will come from? From us, at least in part. Most of my fiat profit is straight from the clonecoin dump. Been waiting to see if I get richer in fiat or btc for a while now. I have learned that the best time to buy Bitcoin (or any asset really) is when no one else seems to want it and has completely forgotten about it. The relatively high volatility still tells me that we're not there yet. I agree totally! I ate up a lot of BTC on the way down, so my fiat reserves are a bit on the low side. But I'm starting to set aside some more, and I will get moar korn when the waters aren't muddy anymore. |
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It’s a short squeeze. Nothing more.
Not nearly enough yet. Need to hear the swishing sound. |
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2) You didn't have that punch magnet face as an avatar.
I'm just trying to raise awareness for bcash scam. I'm not doubting your good intentions. It's just that my fingers wouldn't follow through  |
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This pump&dump also shows another thing. Markets still can be manipulated by a few people. This is a good thing in some way. Shows us that we are still in early phase. When this is over, bitcoin will be like gold. No %80 down/ups in a week, nothing exciting, moving slowly as a turtle, boring as fuck. You should be glad that fun ain't over yet.  Weeeeeeeeeeeeeee Good point, mindrust. I'd merit it if 1) I had merit left to give out 2) You didn't have that punch magnet face as an avatar. |
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Remember, for every seller there is a buyer. So someone is buying cheap(er) coins.
Indeed. Much better to be on the buy side in moments like these. |
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I think that my maintenance stage has become more and more refined, but I don't think that my skills caused the refinement but instead the fortune of our most recent exorbitant price rise from $2,600 to $19,666... .. but yeah, we are back in the doldrums of $8k-ish, but did not stop me from feeling a certain level of comfort from maintenance refinement. When we get to $100k (assuming we do at some point - perhaps less than 5 years? perhaps?), then I will likely develop even a more "refined" perspective regarding the significance of maintenance.
I can't help imagining you as you build the phrase and deliver it in a rhythmic deep baritone with hints of Spanish accents. A cigar and your favorite drink are all the props needed for the scene. (lots of snip snip) Without conceding any truth of the matter asserted, perhaps reasonable claims can be made that money causes changes in the way each of us carries ourselves, whether in the real world or online? That does sound likely. But you haven't told me what your favorite drink for such a speech would be! |
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So masterluc was wrong ?
Starting to look that way Actually, 7.5k wasn't ruled out, but labeled as "less likely" (possibly, "much less likely" - not sure). Not to play devil's advocate, but how do you expect a Bulgarian fortune teller witch to speak in plain, unambiguous words? |
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I think that my maintenance stage has become more and more refined, but I don't think that my skills caused the refinement but instead the fortune of our most recent exorbitant price rise from $2,600 to $19,666... .. but yeah, we are back in the doldrums of $8k-ish, but did not stop me from feeling a certain level of comfort from maintenance refinement. When we get to $100k (assuming we do at some point - perhaps less than 5 years? perhaps?), then I will likely develop even a more "refined" perspective regarding the significance of maintenance.
I can't help imagining you as you build the phrase and deliver it in a rhythmic deep baritone with hints of Spanish accents. A cigar and your favorite drink are all the props needed for the scene. |
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So my best guess is, weak hands afraid to lose more than they already have
Also Wall St. is crashing us on purpose,  Sounds kinda weird to me. The fire power needed for such a crash... Plus, they would be selling at lost on purpose. That would be purely burning XX% of your money just to keep the other %. Unless they bought before the bull run but I doubt it. More like they caused the bullrun. Maybe they bet long on the futures and bought, then put shorts on after the futures closed and stated dumping. They might be putting very low buy orders in and trying to crash the price enough to fill them. After they reload they can close their shorts at a profit, put longs on again and start pumping the price. For every coin they dump there's probably ten more sold due to stop loss triggers and panic selling. Out of merits, sorry. First come, first served. Ahem. Although, to pick a nit, 1:10 might be a tad overstated. |
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It's shorting, not real selling. I have a hunch most nonwhale hodler/accumulators have raked in what they could at increasingly discounted prices. I did, for the most part, as JJGee duly hypothesized (well, grandma apart).
However, shorting much longer (pun, sorry) could turn into risky business if any whale hodler/accumulator smells easy prey. I'd guess on the whole hodlers/accumulators tend to be less aggressive than pump&dumpers, but but. If one's pissed off enough, and the kill is easy enough...
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It might go lower but I cant think of a buy here not turning a profit sometime within the next 2 months.
I can't help but think along the same lines. Are you losing your contrarian edge, or is it that you're dragging me to the Other Side? |
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My point is that now everyone thinks 20k$ is not sustainable for BTC, but the truth is that IT IS! BTC WILL rise and reach new ATH's sooner than most expect. My pessimistic prediction is 30K at the end of 2018 and the optimistic is 50K! But, but, but... what if the bad news continue? IF? You say IF? I guess you've been in this long enough to know that FUD never sleeps  Ok, what about 2018, 2019, 2020 (the next halvening)? Do you really, I mean REALLY believe that BTC will not return to at least 15K and prefer to sell at 8K?
Indeed, bad news or FUD or whatever. Honey badger don't care. |
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No shit... BTC at its ATH hit >330bn marketcap. You can't do that with 2bn tethers (<0.7%). But market cap is not a terribly useful metric, when it's just obtained by multiplying the current price by the actual float - which is usually smaller by several orders of magnitude. In this sense, you can sway a 100bn "marketcap" by moving maybe just 0.5% of it, if the coins that are actually being traded are not too many. I might be wrong in my understanding of this market cap issue, of course. An elaboration or explanation will be welcome. |
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I figure it will take 2 years to get back to $18k prices with BTC. I hope (and somewhat rationally think) it will take less. |
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Hm, funny. Several intelligent observers here thought differently. They did see a correlation. People I respect. Of course everyone can be wrong, including each one of us. Are the details of the analysis available? |
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You know, I really despise that the Bitcoin.com pool, run by Roger Ver, won't include transactions that pay less than 10 sats/byte in their block and then signals "Use Bitcoin Cash." What a fucking jerk.  I think the only way out of this is the mining oligopoly to be broken by new chips, available to anyone. There are hopeful signs already. On the other hand, the fact that Jihan now accepts USD as well as Bcash for his miners might be read as a sign of capitulation. |
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