923
|
Economy / Speculation / Re: Increasing number of early adopters cashing out.
|
on: September 22, 2015, 10:00:00 AM
|
That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows....
The early adopters (like the one who cashed in 250 BTC to pay off his mortgage) didn't pay single digits for their BTC. I got in late (9 months after the 250 BTC guy), and my first 50 BTC cost me 4 days in CPU time. The 250 BTC guy got out before GPU mining started (he mentioned he didn't want to get involved in the mining "arms race"). Even if an early adopter purchased their BTC, they'd still be looking at well under $1/BTC - that didn't happen until early 2011. In case of XT win they will be bagholders, period. Despite not loosing money and making good profit at even 1$. It is mostly psychological. I think that Gavin & Mike will drive Chinese mining obsolete. US wants to be the only guy in town IMO. Well, OK then, I'm a bagholder and they're bagholders. I can't see anyone from that period "jumping from windows" if the price went all the way to zero. We didn't spend significant sums of money on BTC back then, and in my case (and, I imagine, in many other cases) we've long since made more money that we had any right to expect in the early days. If BTC hits zero I'll be sorry that an experiement failed, but I won't be suicidal! No not for them for sure - but it would be fun to watch them panic selling! Don't get me wrong, I am here since 2011, bought most of my coins at 5$. But I don't like Bitcoin's fundamentals since Apr 2013 when after the crash I wondered what was wrong and started to realise many things (like anonymity etc). Still I don't mind at all to see it rallying at 100K usd because I will ride the train!
|
|
|
925
|
Economy / Speculation / Re: PnF TA
|
on: September 22, 2015, 09:50:16 AM
|
3 Stooges will have to wait? Let's see!
2h close above 232 is a strong buy.
|
|
|
926
|
Economy / Speculation / Re: Increasing number of early adopters cashing out.
|
on: September 22, 2015, 09:49:08 AM
|
It's a bad time to cash out though. They should hold till the next bull wave.
That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows.... The early adopters (like the one who cashed in 250 BTC to pay off his mortgage) didn't pay single digits for their BTC. I got in late (9 months after the 250 BTC guy), and my first 50 BTC cost me 4 days in CPU time. The 250 BTC guy got out before GPU mining started (he mentioned he didn't want to get involved in the mining "arms race"). Even if an early adopter purchased their BTC, they'd still be looking at well under $1/BTC - that didn't happen until early 2011. In case of XT win they will be bagholders, period. Despite not loosing money and making good profit at even 1$. It is mostly psychological. I think that Gavin & Mike will drive Chinese mining obsolete. US wants to be the only guy in town IMO.
|
|
|
927
|
Economy / Speculation / Re: Increasing number of early adopters cashing out.
|
on: September 22, 2015, 09:39:27 AM
|
not sure if this is really happening. but if it is, then i'm happy to hear this. the less coins these early adopters have, the better it is for the long term price. at this point early birds have too much power with their huge stash of coins.
I wanna see Loaded, Goat, Risto et al holding the bag and having to be wage slaves again As far as they diversified into block chain tech in general, this might not gonna happen. Anyways - I am more tempted to see Mircea Popescu holding the bag. Lol
|
|
|
928
|
Economy / Speculation / Re: Increasing number of early adopters cashing out.
|
on: September 22, 2015, 09:37:39 AM
|
It's a bad time to cash out though. They should hold till the next bull wave.
That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows....
|
|
|
929
|
Economy / Speculation / Re: Increasing number of early adopters cashing out.
|
on: September 22, 2015, 09:32:16 AM
|
not sure if this is really happening. but if it is, then i'm happy to hear this. the less coins these early adopters have, the better it is for the long term price. at this point early birds have too much power with their huge stash of coins.
I wanna see Loaded, Goat, Risto et al holding the bag and having to be wage slaves again
|
|
|
930
|
Economy / Speculation / Re: PnF TA
|
on: September 22, 2015, 09:23:57 AM
|
LTC is doing some crazy shit at the moment, if 2h closes from 2.825 and above it is a buy!
|
|
|
931
|
Economy / Speculation / Re: Increasing number of early adopters cashing out.
|
on: September 22, 2015, 09:22:21 AM
|
All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters. What do you think the reason for this is?
Seems they switch to LTC because they know Core has no chance from the CIA+Google boys!
|
|
|
936
|
Economy / Speculation / Re: The Bullish News Thread
|
on: September 21, 2015, 10:38:33 PM
|
Just came across this thread, what a great idea, thanks for this!
You are most welcome my friend, I've learned a lot from you The really bullish news though would be a thread full of very bearish news while BTC was rallying (just like the old days).
Strangely, this feels very bearish and desperate I may add...
I'm on the contrary of your beliefs dear Klee, maybe I'm foreseeing the future, maybe I'm strong believer, but what matters in the end, I'm highly optimistic Belief has nothing to do with investing/trading, only with religion... You could be right, but lets come down to ourself, you could invest in yourself by learning new skills, methods, languages .. etc., but without believing in yourself, you will go nowhere even if you mastered everything. It's like loving someone, your heart and mind must work, here in BTC, TA and Believin in BTC goes together, we can't relay on each of them in solo, but I tend to go more with believing as I'm emtional by nature I get what you say and the most important asset is people and then skills. Just make sure you don't marry an investment, that's all (unless someone bought below 20$)!
|
|
|
937
|
Economy / Speculation / Re: The Bullish News Thread
|
on: September 21, 2015, 10:05:52 PM
|
Just came across this thread, what a great idea, thanks for this!
You are most welcome my friend, I've learned a lot from you The really bullish news though would be a thread full of very bearish news while BTC was rallying (just like the old days).
Strangely, this feels very bearish and desperate I may add...
I'm on the contrary of your beliefs dear Klee, maybe I'm foreseeing the future, maybe I'm strong believer, but what matters in the end, I'm highly optimistic Belief has nothing to do with investing/trading, only with religion...
|
|
|
938
|
Economy / Speculation / Re: The Bullish News Thread
|
on: September 21, 2015, 09:42:20 PM
|
The really bullish news though would be a thread full of very bearish news while BTC was rallying (just like the old days).
Strangely, this feels very bearish and desperate I may add...
|
|
|
939
|
Economy / Speculation / Re: Analysis never ends
|
on: September 21, 2015, 06:57:53 PM
|
So if it reaches 300ish that means time for some kind of rally?
IMO if we manage to hold 230+ we will rally to 300 again, this time for good (at least 350).
|
|
|
940
|
Economy / Economics / Re: Martin Armstrong Discussion
|
on: September 21, 2015, 04:38:18 PM
|
Please do not continue your nonsense. You can protest all you want about me suggesting to you to stop splattering your Dunning-Kruger arrogance all over this thread. Are you French? (see http://france-bitcoin.net/ in your signature line that makes me think maybe you are). If so, perhaps that might explain your arrogant attitude. I've heard but never experienced personally that the French are quite arrogant. Yes I am French and I am arrogant only when I am talking subjects that I know I master and against people like you who are ahead of themselves, arrogance is the only healthy attitude in those particular circumstances. But my arrogance is dwarfed by your delusion of grandeur. You think you know everything even in domains where you are not an expert. The idea that people can know more than you on a subject seems a completely crazy idea to you. You approach every debate with a judgmental and closed mentality where you think you are qualify to asses the IQ of people even if most of the time you don't even comprehend what they are saying. Your delusion of grandeur and low empathy skills prevent you from incorporating feedback, cause your errors to persist over time and you conduct you to repeat false things with overconfidence. You are you own enemy. I hope you read these lines VERY CAREFULLY Anonymint....
|
|
|
|