Let's put this this way, anybody that goes short based on this guy advices if not see a BTC for 200 US within the next 48 hours should be able to ask the difference or loss from this guy pocket.
Do you agree fallling? Let's put your money where your big mouth is.
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This guy just lost 3 million Euros at a bank (BES) bankruptcy at Portugal, sorry this is video and in portuguese but can't find any english version: http://www.tvi.iol.pt/videos/14179041
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Another one...
Don't EVER accept direct orders, like buy, sell or hold, for free! Anybody speaking seriously will say he believes that on short term this will happen or in long it's probable that something else will go, based on this, this and that, but that's just chatting, such person will NOT tell you what you should or shouldn't do.
A SERIOUS financial advice from an expert cost money, a free one costs even more, as it is nothing but a wild bet from somebody who isn't betting on nothing.
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Actually turns out hard to know what this guy is up to. He's just opening thread after thread with his delusional bullshit bets. He has no way to know if bitcoin will go up or down, that doesn't rely on delusional fools relies on supply and demand. A thing he has no clue about. What he is saying is that he bets bitcoin will go down, but he probably have nothing, no fiat and no bitcoins, so he is just like those fools that goes to call their forecast at a roulette table to nag the players - usually the casino show those guys the door. So, if you want to pick his bet go short... if you loose that way then pick on him about it.
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*sniff, sniff* what's that i smell? is it fear? yes it is. you've gone this far, so if you find yourself accepting this logic, just make sure you HODL if we get down to 300 or 250 or 100. the problem with denial and fear is that when the pain becomes unbearable, you end up selling at the bottom.
In the day someone come around and say: I figured a way to calculate the private key for any address. Which would mean Bitcoin protocol is broken, I will second any doomsday statement as Bitcoin will worth 0 by then. Other than that if it goes to 100 or to 1000 doesn't really matter. I didn't sold when it was 1 usd, didn't sold when it was 100, 200 or 1200... So come as doomsday prophet without any technical issue with bitcoin makes you nothing but sound like a fool.
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I think it depends on how long you'd been around bitcoin. I'd that same feeling back in 2011 when it drop from 32 to 3 USD in a matter of a couple of days...
A couple of days As I recall it took months to get to $3 (like about 6 mths). Sorry if my memory isn't that accurate. But I looked up the data: June 8-12 2011: ~32 to ~10USD Drop: 68% November 2011: 2 USD Total drop: 94% This article helps: http://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/EDIT: Funny to note this of that 2013 article: Perhaps we won’t see Bitcoins worth $260 again until 2015. Or ever.
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I remember feeling a similar sentiment in June of last year.
I think march this year is a more recent example... I think it depends on how long you'd been around bitcoin. I'd that same feeling back in 2011 when it drop from 32 to 3 USD in a matter of a couple of days... imagine if I sold out back then! But last year and March and now... I just keep calm. Already used to it.
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Regardless of you come out saying BTC will worth 0 or will worth 10K makes you of the same kind, just on opposite sides. I'm not being intellectually dishonest because I'd never made such claim for you to keep going around such insane rate as your counterpart, and that post you are quoting isn't even from this thread.
The truth is, regardless the rate, Bitcoin isn't anywhere broken. Everything is up and running. Go down to 100? Not much of a worry! Eventually will go up. When? 1 year? 1 month? Who knows! Bitcoin is still exceeding high the expectations about it we had by 2010. I still remember people around discussing if it ever will met dollar parity. You seam to look at BTC as some get rich fast scam where if within 15 days you're not making a 50% profit it means you got scammed.
Just calm down and enjoy the ride!
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Nobody is talking about 10k a coin, and honestly by your doomsday prophecy behaviour I would bet one of those 10k wackos is you under another nick during an uptrend.
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What I'm start to see is a correlation between the drops and number of trolls around. Do you guys realize that all you look is like one of those wackos with a billboard saying "The end is near", don't you? But why should we care about you? Eventually BTC will trend up and you all will just get back to the shadows, to return at the next drop... if not with trolling nicks like fallllllllllling or so.
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Is it impossible to trace the movements of the IPO invested BTCs in ethereum to deduce if the price drop has anything to do? wasn't the address public for donations and IPO? you could see if they got sent to an exchang address or something, but of course these are generated randomly so we cant know ...
A couple of months ago I was just moving my coins to another wallet - for security only - and saw some drop in the price. It could be related, every time somebody sees like 5 or 10K moving around thinks it will end at an exchange to be dumped.
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Just checked that Ethereum project and it was the biggest load of BS scam I'd ever seen! Do you know some Ethereum investors/donators/buyers? I've a nice tower in Paris or a red bridge in San Francisco to sell to them...
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a), b), c) and d) I'm not hysterically saying "buy" or "hold", just giving my 2 cents. Do whatever you want. There is no such thing as realistic perspectives in a speculation market, unless some external event come to effect over bitcoin, which it didn't so far. For the rest is pretty much as valid for me to say the bleed will last about 1 month as it is for you to start shouting "OMG! Sell now!" - which sounds like "I want to re-enter but this is F expensive now".
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That's an interesting concept, because I'm pretty that's exactly what you are.
I'm trying to help people from losing their money. That makes me the good guy, and you the troll. You would need to know way much more of economics than you do to be a good guy, at the best you're a guy with good intentions. Probably you joined high and sold low and therefore got upset on bitcoin. Too bad... that's how economics works, not with a 3% interest rate at some bank in a scam you know nothing about and that eventually will run out in a slowly burn ponzi scheme.
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...Because there hasn't been a complete economic meltdown...?
Who told you that it takes an economic meltdown for your savings to go down the drain?! All it takes is some bank you never heard of in a place you can't even find in the map to go bankrupt and your bank to be exposed to it and pufff! There goes your savings! Well, you still have a leverage with banks, governments will inject taxpayers money there to "save it". But even that will not work forever.
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Did banks finally figured a way to be reliable and people stock everything there? Heck no! In fact they are worse than ever, being held by strings and taxpayers. Expect some more banks to go bankrupt (or bailed out) soon.
My savings account is doing perfectly fine. Meanwhile, anyone who invested in bitcoin earlier this year and held until now is down 50% in value. How do you know how your savings are or aren't? You don't expect the bank to come forward and say they lost all your money, do you? It's just a number in the screen... Obviously who joined during the hype lost. But that is as valid to bitcoin as it is to anything else.
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Some are shaking with the drop and jump to the cash out. But let's see:
Did bitcoin or any exchange/service suffered any serious attack or is it broken? No.
Did banks finally figured a way to be reliable and people stock everything there? Heck no! In fact they are worse than ever, being held by strings and taxpayers. Expect some more banks to go bankrupt (or bailed out) soon.
Is it forbidden to have bitcoins everywhere? No.
So... why?
It's just holiday season and most likely some need to cash out to pay for their vacations. Probably the come back will not happen before mid September, but that's it.
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No, I don't want Sectarian fighting, but I do want different Sects to control different countries. This keeps the Middle East in balance. My nightmare would be the Syrian and Iraqi Governments being toppled and being replaced with a Sunni ultra-religious State. This would drag Israel into war with it and would cause even more chaos in the Middle East.
Shia states aren't much better... That's the main issue, there's no peace in Islam, never been and never will be. Other than Shias and Sunnis, you still have Sufists, Amahddya and a whole lot of Islamic shreds, every of them hating others and none better than others. The only solution is to move them towards secularism, like Turkey, other than that they will keep fighting. But a move to secularism has to come from within them, not imposed at gun point, and that can only be achieved by providing them with schools - not shitty Madrassas - and providing protection to those willing to move away from Islam. To sum this up: an Arab born Arab, nobody born Muslim (or Christian or whatever), that's imposed to them at young age by a dark aged culture, and this is what needs to be stopped. But as long as the ignorant elders are in control, new generations are sunk into ignorance as well. Israel on the other hand is well able to keep by itself. It was already attacked by a joint muslim force, with no success.
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Where is Saddam when we need him? Oh... wait... they sold "Democracy" there. How long until US realizes that "Democracy" has huge requirements to be a good thing? Sell "Democracy" to people filled up with monkeys in the head and fearing imaginary friends, is like trying to install Windows 8.1 in a ZX Spectrum 48K! The population doesn't met any of the minimum requirements for it to work. The best weapons are schools, science and culture, before that is in place no democracy can work anywhere.
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