Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99 379.99 359.99, and it sits there for more than 12-24 hours without going up, you can bet that another dump is incoming.
You're welcome.
Oh jee, is it the same pattern all year? Cheaper coins incoming. |
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interesting to see where we go from here, prob sideways then down a bit.
Been happening for a full year now, so why not? |
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I think many of you guys are all fucked up on how you (or someone) can make a dime off sidechains by scamming people and it is interfering with your analytical abilities. There is a sucker born every minute, and I'm sure some sidechains will be part of a system to separate them from their money, but these will be transient and an educational experience for the victims who would get the same experience some other way without them. The durable sidechains will be those which are created for the right reasons.
+1000! In 3 sentences you perfectly nailed the conundrum, and highlighted everything that is currently *wrong* with 99.9% of the altcoin/appcoin development market. The majority of alt/app coin developers try to pass off their efforts as completely altruistic and for the good of society, when in reality they're hoping to make a fortune off the backs of the naïve and weak minded. Pre-mined POS is a perfect example of that. |
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So I should become a day trader like you, and trade bitcoin on the dumps until it goes back to $50? Yeah, that would be a great time. That way you and I will be the last 2 bitcoin holders on earth by the end, because no one else will care about bitcoin anymore. Good times.
I'm not a day trader. My timeframe is much longer than that. I'd probably term myself a position trader. Why is the only word you guys know about trading "day trader"? I take it you don't like treating yourself well and are more of a socialist who likes to sacrifice himself for others. That's fine too. Then you must be a long time holder who isn't really into bitcoin as an investment. I am. If I was only holding a few bitcoins worth, I wouldn't give a crap what the exchange rate did, or if long term global adoption really happened or not. Some of you guys need to put more skin in the game. Continuously. |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99 379.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. Right again. This supposedly unpredictable market has become so predictable. I'm just gonna leave this little reminder in bold here again. Sorry to be so pessimistic, but that's what 11 months of downturn will do to a bull like me. I have witnessed this same action time and time again. Hope the market will prove me wrong tho. Nope, right again. This shit is just getting too easy. Right again. I'm a fkn Nostradamus. You should really become a trader instead of a jaded hodler/perma complainer, then you'd channel your energy from complaining to doing something productive, and if you really have a good track record plus good money management, then you will be able to make a lot of money. So I should become a day trader like you, and trade bitcoin on the dumps until it goes back to $50? Or even $5? Yeah, that would be a great time. That way you and I will be the last 2 bitcoin holders on earth by the end, because no one else will care about bitcoin anymore. Good times. |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99 379.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. Right again. This supposedly unpredictable market has become so predictable. I'm just gonna leave this little reminder in bold here again. Sorry to be so pessimistic, but that's what 11 months of downturn will do to a bull like me. I have witnessed this same action time and time again. Hope the market will prove me wrong tho. Nope, right again. This shit is just getting too easy. Right again. I'm a fkn Nostradamus. |
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No it doesn't matter. Because no one knows what fair market value is. It keeps going up. And up. And up. And up. Like the guys arguing over whether to buy at $2 vs $1. Or at $20 vs. $10. Or at $100 vs $50. Or at $200 vs $100. When the price gets to $10,000/btc, you guys do realize that someone has to be buying at that market price to maintain equilibrium, right? So I guess that guy that bought at $100 is such an idiot, while [you] were still patiently waiting for it to drop to $50. Man, is that guy such an idiot now.  |
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In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.
Agreed, this place (and others) has become an echo chamber for bitter ex-bulls (well, pigs) who have been burnt and are now constantly decrying Bitcoin because of their inability to realistically evaluate risks beforehand. Quite the contrary, it has become an echo chamber for callous, flippant, condescending day traders who could really give 2 shits about Bitcoin's long term success as a game-changing financial instrument. |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. Right again. This supposedly unpredictable market has become so predictable. I'm just gonna leave this little reminder in bold here again. Sorry to be so pessimistic, but that's what 11 months of downturn will do to a bull like me. I have witnessed this same action time and time again. Hope the market will prove me wrong tho. Nope, right again. This shit is just getting too easy. |
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Can you plz stop with the Ripple shilling? No one here gives a fk, ok? |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. Right again. This supposedly unpredictable market has become so predictable. I'm just gonna leave this little reminder in bold here again. Sorry to be so pessimistic, but that's what 11 months of downturn will do to a bull like me. I have witnessed this same action time and time again. Hope the market will prove me wrong tho. |
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What I'm saying is there's a link between Bitcoin market cap and market cap of companies that deal exclusively or mainly in Bitcoin. So that if there were twenty (hell, ten or five would be sufficient as well due to synergy and other factors besides companies) Coinbases and they were valued the same, then one can definitely argue that Bitcoin is undervalued.
In this age of rampant "quantitative easing", I would rather argue that Coinbase is over-valued (note that this is not a slight against Coinbase). I agree. Just like companies like Twitter, it's not even clear that Coinbase will be able to make money (i.e., stay in the black instead of the red) long term. Especially as the market gets more competitive. So far it's been all VC funding for startups like them. That will run out eventually. Usually by the 3rd year the VC's expect said invested startup to be pretty much self-sustaining. |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. Right again. This supposedly unpredictable market has become so predictable. LoL, yea right. If it is so predictable, please enlighten me and tell me what will happen next... Sure. More dumping incoming. You're welcome. |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. Right again. This supposedly unpredictable market has become so predictable. |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
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If this is wave 3 it will be crazy
Too soon. It's wave 27 doncha know. Noobs. |
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OP, think your question through for a sec. Do you believe a living, breathing, self-sustaining bitcoin economy can exist if people AREN'T constantly buying some bitcoin regardless of the exchange rate? Do you think when the exchange rate gets really large that people will just stop buying? How do you think it will get there in the first place?
For the bitcoin ecosystem to grow large worldwide, users will need to continually buy some amount of bitcoin at $400/btc, $4000/btc, $40,000/btc etc. and every exchange rate in between, and then use it. The notion of a "safe" price doesn't exist, nor should it. Especially when you can buy as little as $0.01 worth or even less no matter what the exchange rate is.
Get it?
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I don't get his reasoning, he main critique is that bitcoin penetration/usage is way lower than "previously thought" or how the community makes it look like. I agree with that, but what does this say about possible future developments? if anything, I'd say "oh great, so I'm even more early adopter than I thought" or "there is way more room for growth than previously thought".
Only ~1.2M wallets have anything in them other than just dust or empty. Entities, merchants, and individual users can have more than one wallet. So do the extrapolation. Yep, we're still ridiculously early adopters. |
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This is some nice price action but not buying yet. Ive been tricked before! Full disclosure: Hodler for life.  We have to hold above 410 for a few weeks, on rising volume, before I will be convinced the downturn is officially over. If we're still above 410 by Xmas, I'm definitely buying more. Until then.... meh.... Also a Hodler for life. |
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