The BTC Road to Double Digits Thread

[ensurance982]

All time high of shorts at Bitfinex.  Does some big whale know something?

Well could also be that they're getting more desperate by the minute. A rising amount of shorts is an indicator for a bad market sentiment, yeah. BUT: There's a lot to be squeezed, they already shorted a lot, and the people shorting the last always lose.

[tokeweed]

All time high of shorts at Bitfinex.  Does some big whale know something?

Well could also be that they're getting more desperate by the minute. A rising amount of shorts is an indicator for a bad market sentiment, yeah. BUT: There's a lot to be squeezed, they already shorted a lot, and the people shorting the last always lose.

Yeah...  I guess only time will tell what's really gonna happen.

[ensurance982]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

[tokeweed]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for?  It's their money...  If they lose it shorting, then good for you since you're long. 

If you really think the shorts are doing the wrong thing and you're long, why stop them?  Let them continue.

[ensurance982]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for?  It's their money...  If they lose it shorting, then good for you since you're long. 

If you really think the shorts are doing the wrong thing and you're long, why stop them?  Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

[tokeweed]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for?  It's their money...  If they lose it shorting, then good for you since you're long. 

If you really think the shorts are doing the wrong thing and you're long, why stop them?  Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

Yup.  Don't stop them.  Whether the decision is good or bad depends on what's going to happen in the markets.

[ensurance982]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for?  It's their money...  If they lose it shorting, then good for you since you're long. 

If you really think the shorts are doing the wrong thing and you're long, why stop them?  Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

Yup.  Don't stop them.  Whether the decision is good or bad depends on what's going to happen in the markets.

Well, after all, I could also be wrong and being (long term) long may be the wrong decision Key is not to listen to trolls and people with an own agenda on the Internet, I guess...

[tokeweed]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for?  It's their money...  If they lose it shorting, then good for you since you're long. 

If you really think the shorts are doing the wrong thing and you're long, why stop them?  Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

Yup.  Don't stop them.  Whether the decision is good or bad depends on what's going to happen in the markets.

Well, after all, I could also be wrong and being (long term) long may be the wrong decision Key is not to listen to trolls and people with an own agenda on the Internet, I guess...

Yeah...  Like you don't have a personal agenda.

[ensurance982]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for?  It's their money...  If they lose it shorting, then good for you since you're long. 

If you really think the shorts are doing the wrong thing and you're long, why stop them?  Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

Yup.  Don't stop them.  Whether the decision is good or bad depends on what's going to happen in the markets.

Well, after all, I could also be wrong and being (long term) long may be the wrong decision Key is not to listen to trolls and people with an own agenda on the Internet, I guess...

Yeah...  Like you don't have a personal agenda.

Not even hiding it, am I?
There's a huge difference between making founded comments and engaging in speculation and downright proclaiming that BTC "will fail", "go to $1" or "go to the moon, see you at $1m"!

[tokeweed]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for?  It's their money...  If they lose it shorting, then good for you since you're long. 

If you really think the shorts are doing the wrong thing and you're long, why stop them?  Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

Yup.  Don't stop them.  Whether the decision is good or bad depends on what's going to happen in the markets.

Well, after all, I could also be wrong and being (long term) long may be the wrong decision Key is not to listen to trolls and people with an own agenda on the Internet, I guess...

Yeah...  Like you don't have a personal agenda.

Not even hiding it, am I?
There's a huge difference between making founded comments and engaging in speculation and downright proclaiming that BTC "will fail", "go to $1" or "go to the moon, see you at $1m"!

Like you didn't buy more at these levels...  LOL 

[ensurance982]

Like you didn't buy more at these levels...  LOL 

Oh I'm quite content with my current exposure, actually. Right now it may come down to three scenarios (duh): down big time, sideways big time, up big time. This may sound incredibly stupid, but boils down to this: Buying now doesn't make much sense when you're already in the game.

[tokeweed]

Like you didn't buy more at these levels...  LOL 

Oh I'm quite content with my current exposure, actually. Right now it may come down to three scenarios (duh): down big time, sideways big time, up big time. This may sound incredibly stupid, but boils down to this: Buying now doesn't make much sense when you're already in the game.

Ok...   

[tokeweed]

Looks like this is still on...

[bigtimespaghetti]

Looks like this is still on...

I think there is a strong chance of a run to $240-250 from here. I guess the next 24 hours will tell.

[tokeweed]

Nah man...  This ship is going down.

[farting_shot]

Shorters are winning. Again.

[minerpumpkin]

Shorters are winning. Again.

I don't know what constitutes as 'winning', but these dumps seem rather weak in my books... Even the volume is going down. Third dump with the lowest volume... Doesn't look like a dangerous or successful dump-attempt to me, at all...

[bigtimespaghetti]

Nah man...  This ship is going down.

I think so too, but after a potential small rally, it's looking bleaker by the hour though :-/

[tokeweed]

This is it guys.  It was an honor meeting all of you.  See you at the bottom.

[chesthing]

One thing I find hard to imagine is all those that bought in $260+. I'm not really an early adopter myself, I was just familiar with bitcoin enough to see the makings of a bubble when the craziness began, so I got some 'cheap' (less than $100). But if I had bought in higher, in the quantities and amounts consummate with financial mania... Makes me feel like we still need a seriously big washout for the real capitulation.

I have no idea where that may be, but it is looking to me to be at least close to $160 at this point, just thinking out loud though. All the technical analysis I've been reading has been incredibly mixed and confused lately.

Would $160 truly break any spirits by now though? If you're still here after the fall from the tippy top you'll be pretty immune to capitulating. People are either in it for the long haul or it's an overwhelming 'fuck it, let's see where it goes'. 160 is a piddling percentage down compared to the overall fall.

Your avatar looks like a pregnant Alice Cooper. Since that can't be right, could you satisfy my curiosity?