Naaaaaaah




thereisnobubble.jpeg

Im hodling my penis right now.

The situation is definitely looking worse now...we may see sub $600 after all.

Sounds like someone bought in too high.   

I think people are waiting on the sidelines to see what the market is going to do.

Is it?  Past performance guarantees nothing, but the traditional thing we see after a major crash is a dead cat bounce that never quit reaches the ATH followed by a dip that never quite reaches the bottom.  This is typically followed by a period of sideways trading and a subsequent rise past the old ATH.

Now it is entirely possible this crash wont follow the same basic pattern as the others, but it certainly isn't "obvious" that it wont.

I don't know, I think we have already seen the bottom; Maybe we will see <600, but I doubt it.  There is a little downward pressure right now, but its fairly low volume...I just dont see it playing out like the crash down from 266 which had a very pronounced bounce afterwards.  IMO, we will probably see a price drop no more than another $100 before we start moving up again (possibly after some sideways movement).  

I've seen enough of the older traditionally bullish forum posters around here with a enough of a short term bearish sentiment to give me pause.

I could be wrong, but I think we will start to bubble up again sooner than most people expect.

I think that since everyone is expecting this huge drop, we probably wont have one.  I think we may see another $100 dip at most before we start to bubble up again.

HAHAHAHAHAHAHA!!! Are you serious?


Let us take a moment to laugh at 7priest7's shitty posting and inability to take criticism for his stupid thread.

And? you still have to recover your mining costs (equipment, electricity, maintanance, etc)... and I'd wager if the price crashed to zero tomorrow, you'd be in the red. 




I think you do care, otherwise you wouldnt have made this thread.




I think that its hilarious that you make a thread to troll daytraders, but as soon as one calls you out, you take your ball and go home.

You can lose your money by buying and holding too.  This whole thing could crash down to nothing tomorrow, and people like you will be left holding the bag, while daytraders like me will have locked in profits multiple times before then.  

When the market is down, I make money, when the market is up, I make money...people who buy and hold have nothing but unrealized gains (no matter what the market is doing), which are worth exactly zero.

If I had to guess, I'd say between 1500 and 2000.

No offense, but I have absolutely no idea what you are trying to say here.  Maybe you should gather your thoughts, and type them out in a way that doesnt read like a 12 year old texting his friends.

I've been trading bitcoins for @ 2 years,  I've seen enough not to discount the possibility.  That said, I strongly believe $10,000 in the next year is a pipe dream.

Yes, I only hold a trivial amount in BTC,  the insane amount of volatility makes for a good speculative vehicle, but a poor store of value.  Also, I strongly believe in diversification, and my investment portfolio reflects that...I would never stack all my money on one investment platform.

The bear avatar is a hold over from the second major bubble;  In the short term, I am bullish (but cautious) on the price.  That said, whether I am bullish or bearish on the market can vary from day to day, and highly depends on the current state of the market.

To manage fear and greed, I go into trades with a plan. As far as what ratio of BTC/USD I hold at any given time, it depends on what the market is doing.

Otherwise, I just go with the flow...I like the excitement of trading. *shrug*

Possible, but extremely unlikely, IMO.

Less than 0.5% (basically, play money that I wouldnt miss if I lost it all)

Nope.  We are barely in 4 digits right now...we could see triple digits again on GOX before the end of the day.

Blockchain is still in the app store, and is fully functional for BTC transfers.

And? Institutional investment doesn't prevent a single one of the outcomes I've mentioned.