NO_SLAVE (OP)
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Activity: 56
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June 12, 2011, 07:47:20 PM |
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this is the most neurotic sentiment Ive seen on an issue possibly in my whole career. Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature. The greed / fear oscillation is beyond compare. Match that with tiny float / no liquidity and you get this roller coaster of emotional and financial insanity.
For those having important money in BTC, i.e. college fund, retirement etc, you should be warned that the the lows will be plunged again. Protect yourself, at this stage of development this is a wealth grinder. Ive seen the effect is some OTC stock issues, but nothing this extreme.
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tymothy
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June 12, 2011, 07:54:13 PM |
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The price may go up and the price may go down, but I'm 100% confident when I say that the price will fluctuate over time.
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imperi
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June 12, 2011, 07:55:26 PM |
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I'm 100% sure it will go to 500. But tomorrow, depending on the prices, I might feel differently.
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NO_SLAVE (OP)
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June 12, 2011, 07:57:06 PM |
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I'm 100% sure it will go to 500. But tomorrow, depending on the prices, I might feel differently.
exactly.....  |
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Timo Y
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Activity: 938
Merit: 1001
bitcoin - the aerogel of money
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June 12, 2011, 07:58:26 PM |
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Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature.
Then use that to your advantage and profit from their ignorance. |
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Macho
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June 12, 2011, 08:01:24 PM |
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I do not think it's going anywhere right now ... Mt.Gox still stuck at 20.15, arrgh  |
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NO_SLAVE (OP)
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Activity: 56
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June 12, 2011, 08:14:44 PM |
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Well then. Have fun taking their coins.
IF I was a pure darwinist, as many seem to be here, then it would be alot easier. |
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Crazy
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June 12, 2011, 08:47:25 PM |
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You really believe people have sunk their retirement or college funds into this?  You're just seeing an early adopter sell off, thinks will stabilize over time. |
Elon Krusky
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scooter
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Activity: 100
Merit: 10
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June 12, 2011, 10:17:01 PM |
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Word. The forex markets opened a few hours ago. I looked at the charts, read some financial news, I placed some orders, set my stops, and turned on my iphone notifications to be sure I would get a text if anything important happened in the market. Then I looked at mtgox.. Wow. this is the most neurotic sentiment Ive seen on an issue possibly in my whole career. Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature. The greed / fear oscillation is beyond compare. Match that with tiny float / no liquidity and you get this roller coaster of emotional and financial insanity. ..... Ive seen the effect is some OTC stock issues, but nothing this extreme.
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Timo Y
Legendary
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Activity: 938
Merit: 1001
bitcoin - the aerogel of money
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June 13, 2011, 06:22:02 AM |
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Well then. Have fun taking their coins.
IF I was a pure darwinist, as many seem to be here, then it would be alot easier. I am not in favour of exploiting the weak and gullible, either. But people who see bitcoin as nothing more than a chance of making a quick buck, without any long term commitment to the technology, are damaging us too. That's why I think they are fair game and deserve to lose their money. |
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Oldminer
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Activity: 1022
Merit: 1001
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June 13, 2011, 06:23:14 AM |
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Well then. Have fun taking their coins.
This ^^ |
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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June 13, 2011, 06:29:39 AM |
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...The greed / fear oscillation is beyond compare....
Thanks for finding the perfect words.  The greed / fear oscillation is beyond compare! Can you tell the market is way over-bought again (the new rally was "too fast") and could retest the $10.25 low really soon? |
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imperi
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November 16, 2013, 02:51:12 AM |
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It's time for it to go to 0 now, I guess.
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mskryxz
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November 16, 2013, 03:00:42 AM |
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lol this was in 2011
where is the OP now?
Did the OP invest or run away?
I wouldn't wanna be you if you didn't invest and now it is so close to $500 when you were basically in at the cheapest prices...
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explorer
Legendary
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Activity: 2016
Merit: 1259
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November 16, 2013, 03:33:40 AM |
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lol this was in 2011
where is the OP now?
Did the OP invest or run away?
I wouldn't wanna be you if you didn't invest and now it is so close to $500 when you were basically in at the cheapest prices...
Last active July 2011. Currently hung by the neck in the closet. |
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Rupture
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November 16, 2013, 06:34:53 AM |
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I'm almost certain it will surge past 500 then proceed to plummet when someone dumps a shitload
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markjamrobin
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November 16, 2013, 06:36:02 AM |
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I'm almost certain it will surge past 500 then proceed to plummet when someone dumps a shitload
I think the buy walls will crumble, when the Feds liquidate all those coins  |
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Singlebyte
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November 16, 2013, 07:11:56 AM |
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Damn, you guys dig up a 2 year old thread and I didn't even notice. Everything is the same as it was back then! |
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BitchicksHusband
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November 16, 2013, 10:37:30 AM |
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this is the most neurotic sentiment Ive seen on an issue possibly in my whole career. Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature. The greed / fear oscillation is beyond compare. Match that with tiny float / no liquidity and you get this roller coaster of emotional and financial insanity.
For those having important money in BTC, i.e. college fund, retirement etc, you should be warned that the the lows will be plunged again. Protect yourself, at this stage of development this is a wealth grinder. Ive seen the effect is some OTC stock issues, but nothing this extreme.
Oh, look guys. Another trader who thinks he can apply his experience to bitcoin... Good luck with that. But after losing your shirt 3 or 4 times, you'll start to sound like us. Buy and hold. You might try it. But you won't until you lose a lot of money. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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