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Author Topic: BTC/USD: Ready for "The Running of the Bears"?  (Read 19726 times)
ArticMine
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April 08, 2013, 02:49:04 AM
 #241

Bears got fed, bulls got fed. Pigs got slaughtered.


+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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April 08, 2013, 02:53:26 AM
 #242

Bears got fed, bulls got fed. Pigs got slaughtered.


+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Depending upon if we are in a bear market or bull market.

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April 08, 2013, 02:59:24 AM
 #243

Bears got fed, bulls got fed. Pigs got slaughtered.


+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Depending upon if we are in a bear market or bull market.


Say I somehow convert 10% of my investment back into fiats, which has appreciated like 2000% if I got in at August bottom, my fiats grow by more than 100% and I still keep 90% of my bitcoin holdings and remain bullish, do I get slaughtered? Hell, no.


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April 08, 2013, 03:00:42 AM
 #244

Bears got fed, bulls got fed. Pigs got slaughtered.


+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Depending upon if we are in a bear market or bull market.


Of course but after  each bear market comes a bull market and after each bull market comes a bear market so both kind of pigs get slaughterd.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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April 08, 2013, 03:35:56 AM
 #245

Bears got fed, bulls got fed. Pigs got slaughtered.


+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Depending upon if we are in a bear market or bull market.


Of course but after  each bear market comes a bull market and after each bull market comes a bear market so both kind of pigs get slaughterd.

Duh so depending upon what time frame we are using we are still in a bull market...have been since inception. IN THE BIGGER PICTURE.

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April 09, 2013, 08:03:38 AM
 #246

I love it when these line drawers start drawing lines in all directions and then they just pick one.

Tough luck tho.

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April 09, 2013, 08:05:42 AM
 #247

Bears got fed, bulls got fed. Pigs got slaughtered.


+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.



MANBEARPIG!?

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April 09, 2013, 08:09:31 AM
 #248

I just re-read the OP's post and rather than just say he's wrong outright let's use his own recommendations and timeline to ascertain conclusively whether he is right or wrong

To be fair to the OP, here's his conclusion

Quote
... but this time I'm going to go out on a limb and make you a clear-cut suggestion: sell. I'm selling. We've all made a lot of money, and no one has ever been hurt taking a profit. Profit is money you didn't have before, and now you have it. So take it off the table and enjoy it. You can stay in the shark pool if you want, but do so at your own peril. It looks like the correction is indeed very close -- no one has infinite money to keep pushing the price to infinity, so a correction is going to happen. If you're patient and smart, you might be able to buy back your bitcoins in the $30s or $40s in another 7-14 days.... or at least in the 50s

In summary, for him to be right (with an original post date at March 25th), bitcoin price needs to be below $60 no later than April 8th. If price enters $30-40 in the same timeframe, he gets top marks

He throws in a lot of mights, maybes, its possible, and even a caveat after the text I quoted above but theres no way to argue against the fact that he made a recommendation based on his TA and the quoted text is it

So let's see if he's right or wrong April 8th. In the meantime we can continue the debate.


Oops... Smiley
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April 09, 2013, 08:58:18 AM
 #249

I just re-read the OP's post and rather than just say he's wrong outright let's use his own recommendations and timeline to ascertain conclusively whether he is right or wrong

To be fair to the OP, here's his conclusion

Quote
... but this time I'm going to go out on a limb and make you a clear-cut suggestion: sell. I'm selling. We've all made a lot of money, and no one has ever been hurt taking a profit. Profit is money you didn't have before, and now you have it. So take it off the table and enjoy it. You can stay in the shark pool if you want, but do so at your own peril. It looks like the correction is indeed very close -- no one has infinite money to keep pushing the price to infinity, so a correction is going to happen. If you're patient and smart, you might be able to buy back your bitcoins in the $30s or $40s in another 7-14 days.... or at least in the 50s

In summary, for him to be right (with an original post date at March 25th), bitcoin price needs to be below $60 no later than April 8th. If price enters $30-40 in the same timeframe, he gets top marks

He throws in a lot of mights, maybes, its possible, and even a caveat after the text I quoted above but theres no way to argue against the fact that he made a recommendation based on his TA and the quoted text is it

So let's see if he's right or wrong April 8th. In the meantime we can continue the debate.


Oops... Smiley

OP left himself some wiggle room just in case he was wrong, which quite clearly he is.

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April 09, 2013, 01:31:01 PM
 #250

♪Dun, dun, dun





Another one bites the dust♪


Another TA came and went, paying dearly for their cognitive biases. What happened to Arepo?
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April 09, 2013, 03:46:17 PM
 #251

lol so fail

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April 09, 2013, 05:19:59 PM
 #252

lol so fail

I'm still waiting for ATC777 to log back in... I liked the kid... I'm worried and I hope he's ok!

All that effort creating a TA for nothing.... hehehehe









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April 09, 2013, 05:27:22 PM
 #253

Been almost a week since he logged in. Huh
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April 09, 2013, 05:53:10 PM
 #254

Uh-oh. Now I feel bad for him. Unless he goes rogue.
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April 10, 2013, 05:01:12 AM
 #255

He's indeed going rogue...
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April 10, 2013, 05:04:25 AM
 #256

1. Create forum profile

2. Post BS on the forum

3. Create a thread or threads saying why the top is in concerning price.

4. Be proven wrong on your predictions.

5. Back pedal like a TA politician.

6. Go silent when the price keeps rising against you.

7. Fail

 Grin Grin Grin

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
Bowjob
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April 10, 2013, 05:08:34 AM
 #257

He's indeed going rogue...

I won't let him. I have a window open with 400+ of his friends, acquaintances, colleagues, his dad, mom, cousins, ect in case he tries to unfriend me. -Satoshi forbid me from getting more ideas. He seems like a nice guy so hopefully it won't come to that. My only concern is this massive rally making it difficult for him to pay it back. I've checked his profile, more than likely he'll be able to pay it back. He just made a terrible call.

Quote
Sorry, I fell asleep. Yes, I went ahead and sent $300 to a friend of mine and shes supposed to do bitinstant for me in the morning. Ive never used it bef
 
ore and dont know how reliable it is (last thing I need to do is lose a bunch of $) so Ill be waiting to hear from her in the morn. If all goes well Ill
 
just purchase the remainder in btc from them and send it your way. I also got a new medication thats supposed to stop the bloody coughs, so hopefully Ill
 
feel better by morning too. Gonna get some sleep and be in touch asap with the results.

It seemed like a good idea at the time.
oakpacific
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April 10, 2013, 05:14:05 AM
 #258

He's indeed going rogue...

I won't let him. I have a window open with 400+ of his friends, acquaintances, colleagues, his dad, mom, cousins, ect in case he tries to unfriend me. -Satoshi forbid me from getting more ideas. He seems like a nice guy so hopefully it won't come to that. My only concern is this massive rally making it difficult for him to pay it back. I've checked his profile, more than likely he'll be able to pay it back. He just made a terrible call.

Quote
Sorry, I fell asleep. Yes, I went ahead and sent $300 to a friend of mine and shes supposed to do bitinstant for me in the morning. Ive never used it bef
 
ore and dont know how reliable it is (last thing I need to do is lose a bunch of $) so Ill be waiting to hear from her in the morn. If all goes well Ill
 
just purchase the remainder in btc from them and send it your way. I also got a new medication thats supposed to stop the bloody coughs, so hopefully Ill
 
feel better by morning too. Gonna get some sleep and be in touch asap with the results.

Yup, Ian Bakewell was actually a nice guy as well...

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Bowjob
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April 10, 2013, 05:30:03 AM
 #259

Ian Bakewell was lucky he didn't scam me. Smiley ATC seems to be making an effort to pay according to John's texts, he's just got a shit luck it seems, so I'll give him a break.

It seemed like a good idea at the time.
pretendo
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April 10, 2013, 05:32:07 AM
 #260

Anyone who thinks speculation means incoming crash is a fool. Every single growth industry in history (Amazon.com anyone?) Amazon stock was first sold for barely a dollar, and then spiked far exceeding what was justified by their profits. Why? People saw a goldmine before the gold was being extracted.
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