Be this guy

Bitcoin is the next big thing since... well since the invention of money.

Why would you cash out your Bitcoins at about one of the worst times to do so. It is as idiotic as buying at the top of the market because you think it will go to gold parity. Know where you are in the market and do some realy sentiment analysis or TA. Don't go blindly trading because the market has been crashing. We are becoming highly overextended right now and while we can continue going down it really is pushing it for the time being.

Some people are actually panicking right now. They invested way to much believing they'd see a moon, and each time it fell they kept buying more. This is the final despair zone for most since they shouldn't have bought in as much as they did. Look around, people are in despair all over the web. It is not just isolated to BTC talk.




Now, if you look at this chart you can see I included "Bitcoin is dead" as being the bear trap. The problem is the length of it and the true bottom are not going to be easy to find. We may stay here for weeks. Who know, but usually right after bubbles people are still optimistic. It isn't until a few crashes that people panic.

I just sent 3 BTC and destroyed 421 Bitcoin days. I've got quite a bit more than that.

I'm sorry if I caused any confusion. I did not see the small 6pt font which has some grammar issues. All that aside, I am not one of those who is against Bitcoin. I buy, sell, trade, use and hold it in cold storage. The image was suppose to be a representation of OP, until I saw that there was some tiny text.

I'm the guy in the top picture you are the one in the bottom.

I was stating what was going through OP's mind right now. OP thinks that Bitcoin is done for so they have joined the forces of the buttcoiners. OP thinks that if they hold it will just make them loss more.

I redact all my previous statements because of the small f#8*ing print.

Although, learn some better grammar. "would a retard say." What a retard would say.

I think the US government knows how screwed the dollar is and isn't letting onto that fact yet.

And if you get it right you go post everywhere about how "right" you were, and how everyone should follow you predictions.

Bitcoin honey badger don't care bout your birthday. It doesn't give presents, it gives you anxiety.

Healthy crashes also include flash crashes that are extreme. Set your stops and prepare for a bumpy ride.

Yeah, Bitcoin did not take off like many people had planned. I knew we were off course sometime ago in June/July, but people were like, "No, you can't really call the bubble off yet." I knew that once we failed to reach above 700 for weeks after the 680 peak that we weren't going to make it.

18 days ago I was really pessimistic, "I am going to be looking at the weekly chart. Ultimate Oscillator has not once broken through 70. At this point, nothing is following previous bubble cycles with respect to the indicators. When they should have been into the overbought stage right now they are instead falling. There is no news or anything positive that would catalyst us."

Which got a reply of, "Eh? Look at D3 and compare RSI, STO & PARA between now and what happened around the silk road incident... I see a lot of similarities.

I'm not saying that we are not going to push down, it is entirely likely but I think your analysis is way off and you're being disingenuous with your TA claims. "

Keep in mind this is when the price was barley below 600.
___
Before that I posted something 27 days ago about the bubble being off schedule.
"Lets all get this out of our systems now. The bubble cycle not on schedule. It is instead replaced with more gradual steps that we see happen every few weeks. A couple hundred gain here and some slight loss there. Nothing to worry about.

All aboard the steady growth train (as in the occasional burst up once in a while or having bubble cycles that are much farther apart)! Woot! woot! This chart kinda represents what I was thinking https://www.tradingview.com/v/6CH3mMXt
 
(not mine)

-- Sentiment wise we are not near the stage I would have liked to be in given everything that we have seen. Much skepticism is good for the market, but I cannot tell if people are in or out. Tomorrow we could suddenly see dramatic drop in price. Don't take this whole post too seriously, it isn't based upon much."

   Which got replies such as, "I wouldn't write off the bubble completely just yet...", "Although I'm not sold (or was ever sold) on the bubble theory, it's ridiculous to look at a few days of trends and claim[,] 'We can definitively say there are no more bubbles, we will now see gradual steady growth.'", "I agree that the bubble cycle may not continue[.] [H]owever, six weeks of data is not enough to say that slow and steady is the new pattern."

When I was talking about slow and steady growth with these people I was meaning less big moves. Just some hundred dollar gains and some losses there. Surprisingly it has been rather stable until the past few days. Even that is a drop in the bucket with what we had been seeing. The sentiment right up to weeks ago was still "Bitcoin bubble here we come!"

A few quick reasons that I can give you as to why.

Most people still find it hard to use a computer let along Bitcoin. Just talking to some of those in their 40s and some of them either A) Don't use the computer for anything but work or B) Most find it too much of a trouble to try to buy it.

Granted, these people struggle to understand much about the Internet like why https is better or that Google isn't the only website in the world. They may see that credit cards and ACH bank transfers are all they need, and don't understand why you would buy Bitcoin to make transactions just for 2% (YMMV) savings. I think it comes down to a lack of education.

This in turn leads to less adoption by outsiders. I've had people ask me about Bitcoin or the basics and they are in their mid 20s or early 30s. Some want to learn more, but tend not to find the resources available for their questions. I recently pointed someone to the Coindesk beginners guide since they seemed to not know much about Bitcoins, and had a thinking that it was like "Bean babies" or "tulips." As if you can transfer tulips with great ease and little fees.

Then you have your extremists. I've dealt with these on Twitter and Godlikeproductions a few times before. They are the ones always shouting "ponzi scheme" and talk about how we are all in it for ourselves. Kind of hard to quantify Bitcoin as a ponzi since there is no central authority in a decentralized coin. Unlike the dollar which is printed at will by the Federal Reserve.

Actually, if you look at the very long term this has been the longest bull market. Going from a few pennies to 500. =

Mid term has only been positive in May before we went slowly downwards. The bears have decided to took over.

Extrapolations have and will continue to fail to accurately predict what will happen next. Sure you can get something that is "close," but it will never be the same. Irrational markets tend not to follow the exact same thing every time. I'm talkin about it having more gradual run ups one bubble, or hard crashes the next.
They all have the same general characteristics such as peaks, bottoms, bull/bear traps, and stagnant periods.

Always look to the past for information, but never use it as guidance. The conditions that happened in 2012 are much more different than they are in present trading. Sentiment, news, and technicals can all be so much more different.

It is never a bad time to buy bitcoin when fiat currencies around the world are experiencing inflation. 1-2 years from now even if Bitcoin only follow inflation you'd still have more money than a bank account CD or bonds. Plus, you have full control over your Bitcoin whereas a bank can freeze and do whatever they want to it.

The keywords throughout the entire conversation were some and about 1-2 BTC max.

Well, to each their own I guess. I'll be keeping some BTC on Finex because it is easier that way. I'm in it for the long haul, but can trade much quicker when needed. Like today.

I only trade with about 1-2 BTC max on any exchange. The rest is kept offline.

If you are ready and willing to have your BTC be worthless why not take the risk of an exchange? They aren't all bad. What is it that you lose? A few thousand $? Plus, you don't have to worry about craptastic Coinbase. Too slow IMO unless you can instant buy.

Go trade on Finex. Much lower fees, and if you really don't need the cash right now then why not? Plus, you don't have to wait for Cra... I mean Coinbase to get its shit together.