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6481  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 03, 2014, 11:37:23 PM
finally could get a chance at my 270 coins

Cheap coins dude! Cheap coins! Finally!
And after you got your cheap coins we magically go up!

No spooderman, wait for $120 coins!  On second thought, just wait for $85 coins! 

Yep, I'm sure we'll get there, and then Shroomie is right --- we'll just magically start rising from there!  Because magical rises always start to happen after a market has been completely devastated for a solid year.  Right?  Riiight???
6482  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 03, 2014, 04:29:43 AM
Isn't it great how every single poll on this thread has been dead wrong for 6 months straight now?
6483  Economy / Speculation / Re: Apple Pay -- A Reason to Expect the Worst on: November 03, 2014, 04:28:07 AM
Apple Pay, a proprietary service on a proprietary device that only 682 million people out of the world even own, to take over the world?  Compared to Android that has an install base of 1.9 Billion?

Yeah right.   Roll Eyes
6484  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 06:05:05 PM
This market is becoming laughably stupid.  From $658 to $336 in just 4 months?  


Up $800 in 1 month: totally normal.

Down $300 in 4 months: laughably stupid.

Down... and down..... and down.... and down.... and down.... and down.... for 12 fkn months straight.  With no bottom in sight.

REALLY LAUGHABLY STUPID.

And unprecedented in the bitcoin market since its existence, or virtually any market for that matter.

because the price was inflated to begin with.

What like, since 2012 at $10?  So if bitcoin today is going to have (and retain) value to be the currency of the future, what value do you think it should be at?
6485  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 06:03:03 PM
This market is becoming laughably stupid.  From $658 to $336 in just 4 months?  


Up $800 in 1 month: totally normal.

Down $300 in 4 months: laughably stupid.

Down... and down..... and down.... and down.... and down.... and down.... for 12 fkn months straight.  With no bottom in sight.

REALLY LAUGHABLY STUPID.

And unprecedented in the bitcoin market since its existence, or virtually any market for that matter.
6486  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 05:47:59 PM
This market is becoming laughably stupid.  From $658 to $336 in just 4 months?  

Glad I stopped buying bitcoin months ago, saved my ego from even more despair and anguish.

So thankful that the money of the future that everyone wants can really hold its value.  /S
6487  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 24, 2014, 05:07:07 PM
Good fkn god.  Can anyone, I mean anyone, who is a buy-and-hodl person buy a SINGLE bitcoin in the year 2014 and NOT be in the red the following week/month?

Money of the future?  Jesus fk.  No wonder people are now leaving the bitcoin community and not coming back.
6488  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 24, 2014, 03:08:47 AM
Why am I not surprised to still see sub-400.  This market is just ridiculous.  It seems apathy is setting in now, even with people who were once bulls.

I guess no one even cares to buy more now?
6489  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2014, 02:06:32 PM
I'm shorting for the first time in a while. I was hopefully optimistic, but now I'm convinced we still haven't hit bottom.

"I'm selling because we are going down".

Guess why we are going down.

'Cause whales playing 'whale wars' and not Joe Public?

Because people sell?

Because only whales have the ability to dump 1000 BTC at a time, and not Joe Public?  So no, not really "people"?
6490  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2014, 02:04:54 PM
I'm shorting for the first time in a while. I was hopefully optimistic, but now I'm convinced we still haven't hit bottom.

"I'm selling because we are going down".

Guess why we are going down.

'Cause whales playing 'whale wars' and not Joe Public?
6491  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2014, 11:51:37 AM
I fkn knew it.  This 2-day rise to 400 was fake.
6492  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 15, 2014, 07:44:49 PM
Oh look. A wall, trying to push us down. What a surprise.
Yeah, and price pegged to some meaningless number ($391.59, lol)

Whales Wars.  That's all this stupid market is now.  Joe Public doesn't give a rats ass about bitcoin, and won't until a new artificial rally gets created again by the whales.
6493  Economy / Speculation / Re: Will I ever be rich? on: October 15, 2014, 07:36:11 PM
I've seen you on the forums since november last year. Are you even learning?

Please go


I like how no one on this thread so far cares about posting timeframes.  Likely because the majority here think in terms of months, not years.  Blame the ADD generation.

Dafar, if you hold those coins for 20 years then Yes I guarantee that you'll be rich.  Maybe sooner.  Maybe even in 10 years.  But I'd bet my life you won't have it in you to hold them for that long.  You'll sell some the first time you think that you need some money (e.g., college, car, house, stupid wedding, frivolous purchase, whatever).  And you'll have sold them all long before 20 years have passed.  And you will be regretting it, telling all your friends and family "Man, if I had just held..."

If you're thinking that you'll be rich in 6 months, 12 months, or even 24 months, then No.

I'm thinking in terms of at least 3-5 years.

I will not sell any of these coins unless there is another insane rally. 20 years is too long though... in that amount of time there is more of a risk coinbase shuts down or I simply lose my BTC via HD crash

you'll have a few million dollars in today's purchasing power in 10-20 years, most people would consider that rich.

Yes that's what I mean by "rich".... a few millions $ in today's purchasing power, it's not all that much but comfortable  

21 BTC being worth a total of $1-2M in 3-5 years?  Very, highly doubtable.  You'll be lucky if the exchange value is $10-20K per BTC in 5 years.  But who knows, maybe the world will have fallen in love with bitcoin by that time and demand grows crazy.

And I still don't think you'll be able to hold them all that long.  99% can't or won't.  Please be the exception!  Cheesy

I agree, most people won't hold that long.
AAPL was at split adjusted 0.937 in april of 2003, less than a dozen years ago. How many who bought then held until now-very few if any.
Same will be with BTC if it will go up 100-fold in the next 12 years (by the year 2026).

Yep.  The other think people forget is also the constant downward pressure of early adopters, miners, and whales.  Of course it is a good thing that they sell a little on the way up, as wider distribution will hopefully create a less volatile market.  But the fact remains that any selling along the way by early adopters, miners, and whales will constantly slow the progress to a higher exchange rate, as their rate of selling (and not buying back at same price) will likely throttle up and down to match the public demand (as well as increasing hashrate, slowing inflation, etc.)

Imagine if, starting today, 95% of the world's gold or diamond mines and reserves were in the hands of like a 1000 people (and before gold & diamonds were even deemed to be all that "valuable" by the populous).  It would take a longer time for a wider distribution of gold or diamonds to occur throughout the world populous and still have a steady climb in yearly exchange rate.
6494  Economy / Speculation / Re: Will I ever be rich? on: October 15, 2014, 03:11:21 PM
I've seen you on the forums since november last year. Are you even learning?

Please go


I like how no one on this thread so far cares about posting timeframes.  Likely because the majority here think in terms of months, not years.  Blame the ADD generation.

Dafar, if you hold those coins for 20 years then Yes I guarantee that you'll be rich.  Maybe sooner.  Maybe even in 10 years.  But I'd bet my life you won't have it in you to hold them for that long.  You'll sell some the first time you think that you need some money (e.g., college, car, house, stupid wedding, frivolous purchase, whatever).  And you'll have sold them all long before 20 years have passed.  And you will be regretting it, telling all your friends and family "Man, if I had just held..."

If you're thinking that you'll be rich in 6 months, 12 months, or even 24 months, then No.

I'm thinking in terms of at least 3-5 years.

I will not sell any of these coins unless there is another insane rally. 20 years is too long though... in that amount of time there is more of a risk coinbase shuts down or I simply lose my BTC via HD crash

you'll have a few million dollars in today's purchasing power in 10-20 years, most people would consider that rich.

Yes that's what I mean by "rich".... a few millions $ in today's purchasing power, it's not all that much but comfortable  

21 BTC being worth a total of $1-2M in 3-5 years?  Very, highly doubtable.  You'll be lucky if the exchange value is $10-20K per BTC in 5 years.  But who knows, maybe the world will have fallen in love with bitcoin by that time and demand grows crazy.

And I still don't think you'll be able to hold them all that long.  99% can't or won't.  Please be the exception!  Cheesy
6495  Economy / Speculation / Re: Will I ever be rich? on: October 15, 2014, 02:50:10 PM
I like how no one on this thread so far cares about posting timeframes.  Likely because the majority here think in terms of months, not years.  Blame the ADD generation.

Dafar, if you hold those coins for 20 years then Yes I guarantee that you'll be rich.  Maybe sooner.  Maybe even in 10 years.  But I'd bet my life you won't have it in you to hold them for that long.  You'll sell some the first time you think that you need some money (e.g., college, car, house, stupid wedding, frivolous purchase, whatever).  And you'll have sold them all long before 20 years have passed.  And you will be regretting it, telling all your friends and family "Man, if I had just held..."

If you're thinking that you'll be rich in 6 months, 12 months, or even 24 months, then No.
6496  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 15, 2014, 02:06:37 PM
...
I actually see more QE as a good thing.  Where do you think all those whale investor dollars came from and into bitcoin in 2013?   Cheesy

The dollars came from n00bs like you--not wales, but them pennies added up.  Sadly, the supply of greater fools has finally run dry, hence the 2/3 price drop Sad

Negative.  Million dollar bitcoin pumps did not happen by n00bs.  It attracted the masses, yes, but were no initiated by them.

The U.S. stock market was being pumped precisely at the same time (Mar/April 2013, Oct/Nov 2013) as the bitcoin market... see the correlation?
6497  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 15, 2014, 01:54:11 PM

too funny, totally predictable....

They are staring down the barrel like I said a few weeks back, and they do not like what they see...





I actually see more QE as a good thing.  Where do you think all those whale investor dollars came from and into bitcoin in 2013?   Cheesy
6498  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 14, 2014, 06:06:07 PM
I wonder if this is the general forum feeling felt before other bubbles. I came into btc so close to the beginning of the Nov 2013 rally that for a while there I had the feeling bitcoin was all about going up. So I don't really know what's the sentiment that preceeds leaving a long bearish market...

This situation is unique. It's the first time we see the Bitcoin market behave like this.
As i said it turned into a pump and dump coin.
That's why i'm out. This won't change anytime soon either.


To my knowledge, the bitcoin market didn't really have the ability to short before Nov 2013 because no exchanges offered it.  Now it's everywhere.  To me, this is the biggest problem now... no one trusts that an uptrend is real, believing that it's just a short term pump (in order to short at the top) or simply a short squeeze that's causing an artificial rise.  We can't see any true demand buying.
6499  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 14, 2014, 04:49:03 PM
I saw this correction coming, but I don't know why I cant see it as a reversal, I have a bad feeling about all of this, I keep trying to convince my self to buy back but everything I think of tells me nope it is still going to go down.... what is more interesting, is usually I get scared about missing the train, but not this time, I just don't care anymore.

Although, I have to admit, I missed a real solid trade here, selling at $400 rather $318 would is way profitable.

hmmmm.... soooo basically you want cheap coin because you were selling at 318 instead of 400 ? teheheheheheheheheeheheheheheeee

and I bought at 300, didn't want to risk holding Bitcoin for more than a couple of days.

Yeah, but here's the thing.  At some point if you want to go long, you have to decide at what price point.  As this thing grinds up, there are of course going to be down days or even down weeks.

In my mind if we are still above 400 in 2-3 months from now, then the bottom is truly in the rearview.
6500  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 14, 2014, 02:20:43 PM
So quiet here all of a sudden...

You just noticed?  It's been like that for 4 months.  The apathy for bitcoin these days is very telling...
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