I sold everything at $158/159 this morning

[yvv]

Everybody lies here

Fck, not me, I swear

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[yefi]

First movers are rarely the winners.

What about the sperm that impregnated the ovum that turned into you? Sometimes, being first matters.

[Frequency]

Well if u just follow the news in EU about the banking secrecy there is about to come much more fiat to btc the next months...Luxembourg is going to speak to the tax authorities and Luxembourg is just like Swiss over here...prepare to see much more fiat getting pumped in...!!! Much more...!!!

[paulk]

The first movers profit from an growing economy now. The first ones in the oil rush are still rich.

Fck, not me, I swear

Plausible deniability is the same as lying, but you can plausibly deny it is lying.

This is actually a good way of handling your wallet:

Download truecrypt on your computer and dump your wallet in the second volume. If the tax institute of your government comes crashing into your house, you can say you don't have a second volume. Just pull the plug and put some really gruesome porn on you first volume. Something you want to hide.

[jasonjm]

couple of additions

1) I am not saying bitcoin could never go to $1000 before $35 - yeah it sure could, the market can stay illogical much longer. MY instinct is telling me no ways. If it does - well very cool for all of you holding. When this turns, it will turn very quickly. The average person buying here is not a wealthy investor who is playing with bitcoin with 0.5 % or less of their total net worth and doesn't really care. My gut is telling me at least 50% of the new buyers will be losing sleep at night if bitcoin stops moving up, nevermind starts crashing.
2) Remember for those of you that are speculating here (be honest - are you NEVER EVER going to sell or use your bitcoins? if you are holding for higher prices you are a speculator) - you have made ZERO dollars until you book your profits.
3) there are NO short sellers in this market because there really isnt any way to short this thing (and don't point me to one of those scam websites that supposedly are "option" trading sites on bitcoin, what a joke). When it turns there is going to be a friggn giant hole under it. You need short sellers to stabilize a market. No one is there to take profit on the down and therefore become buyers. This is going to be like throwing the titanic off a cliff when the down move comes.

[BCB]

Bitcoins are not Soybeans.

Good riddance Grandpa.

(if only this were not another newbie manipulating panic sell thread)

[Hexadecibel]

couple of additions

1) I am not saying bitcoin could never go to $1000 before $35 - yeah it sure could, the market can stay illogical much longer. MY instinct is telling me no ways. If it does - well very cool for all of you holding. When this turns, it will turn very quickly. The average person buying here is not a wealthy investor who is playing with bitcoin with 0.5 % or less of their total net worth and doesn't really care. My gut is telling me at least 50% of the new buyers will be losing sleep at night if bitcoin stops moving up, nevermind starts crashing.
2) Remember for those of you that are speculating here (be honest - are you NEVER EVER going to sell or use your bitcoins? if you are holding for higher prices you are a speculator) - you have made ZERO dollars until you book your profits.
3) there are NO short sellers in this market because there really isnt any way to short this thing (and don't point me to one of those scam websites that supposedly are "option" trading sites on bitcoin, what a joke). When it turns there is going to be a friggn giant hole under it. You need short sellers to stabilize a market. No one is there to take profit on the down and therefore become buyers. This is going to be like throwing the titanic off a cliff when the down move comes.

Kinda early to sell in my opinion. Bitcoin is just now becoming useful in finance. But oh well, Hope there is a dip and you can buy back in lower friend, but its a dangerous game to play.

[phantastisch]

Most of the guys posting here have under 10 posts. Just wanted to point that out.

As long as we continue to get these News : http://deutsche-wirtschafts-nachrichten.de/2013/04/07/bundesbank-auch-bank-einlagen-unter-100-000-euro-sind-nicht-ganz-sicher/

It says that in germany bank accounts under 100.000 euro are not safe from a haircut to save the bank. It's from today.

Well... make up your mind , i made up mine.

[jwzguy]

couple of additions

1) I am not saying bitcoin could never go to $1000 before $35 - yeah it sure could, the market can stay illogical much longer. MY instinct is telling me no ways. If it does - well very cool for all of you holding. When this turns, it will turn very quickly. The average person buying here is not a wealthy investor who is playing with bitcoin with 0.5 % or less of their total net worth and doesn't really care. My gut is telling me at least 50% of the new buyers will be losing sleep at night if bitcoin stops moving up, nevermind starts crashing.
2) Remember for those of you that are speculating here (be honest - are you NEVER EVER going to sell or use your bitcoins? if you are holding for higher prices you are a speculator) - you have made ZERO dollars until you book your profits.
3) there are NO short sellers in this market because there really isnt any way to short this thing (and don't point me to one of those scam websites that supposedly are "option" trading sites on bitcoin, what a joke). When it turns there is going to be a friggn giant hole under it. You need short sellers to stabilize a market. No one is there to take profit on the down and therefore become buyers. This is going to be like throwing the titanic off a cliff when the down move comes.

1) If you make decisions based on emotion instead of reason, it's a good thing you got out.
2) This is exactly the kind of nonsense a speculator says. Not all of us are here to daytrade, chief.
3) There are several places to short. Here is one: https://icbit.se/

[paulk]

And not everybody wants to speculate with these things, I find bitcoin interesting, because it is an alternative currency, which the government cannot touch easily. it possibly can rewrite some rules of society.  It is a more political interest I have than speculative.

[jasonjm]

couple of additions

1) I am not saying bitcoin could never go to $1000 before $35 - yeah it sure could, the market can stay illogical much longer. MY instinct is telling me no ways. If it does - well very cool for all of you holding. When this turns, it will turn very quickly. The average person buying here is not a wealthy investor who is playing with bitcoin with 0.5 % or less of their total net worth and doesn't really care. My gut is telling me at least 50% of the new buyers will be losing sleep at night if bitcoin stops moving up, nevermind starts crashing.
2) Remember for those of you that are speculating here (be honest - are you NEVER EVER going to sell or use your bitcoins? if you are holding for higher prices you are a speculator) - you have made ZERO dollars until you book your profits.
3) there are NO short sellers in this market because there really isnt any way to short this thing (and don't point me to one of those scam websites that supposedly are "option" trading sites on bitcoin, what a joke). When it turns there is going to be a friggn giant hole under it. You need short sellers to stabilize a market. No one is there to take profit on the down and therefore become buyers. This is going to be like throwing the titanic off a cliff when the down move comes.

Kinda early to sell in my opinion. Bitcoin is just now becoming useful in finance. But oh well, Hope there is a dip and you can buy back in lower friend, but its a dangerous game to play.

well, this "grandpa" figures that when you are up 400% or something stupid in 8 weeks, its time to take the easy money and be content, book profits, and not be a greedy pig.

its got nothing to do with how high bitcoin may go, maybe it goes to $2000 i don't know.

It's got to do with so many trades I have seen go sky high, only to crash back wickedly.

It seems you really all expect to be millionaires, and have your "trades" go +200 000%


I'll give you one screwed up metric, that isnt my opinion but fact. Bitcoins price has increased approx 8x since feb 1st. But its transaction volume per day has increased approx 4x. whats that tell you? the sellers are sitting on their hands, and the buyers are panic buying.

[nwbitcoin]

price will stop rising when gox verified queue shrinks

Here is someone with a brain!

[jasonjm]

and for the record, just the fact that I am pretty much the lone voice in here gives me further vindication.

And for all of those posting facts about europe bank accounts and such, markets are not 100% efficient, but they do tend to be pretty forward looking. Do you all honestly think nothing from europe has been priced in already?

and If i can "manipulate panic" on a message board, doesn't really say much for the strength of the bitcoin market.

again I got no skin left in this, I wish you all the best of luck, if it goes to $1000 I bear no grudge against all of you who are still long.

But I highly recommend that at least some of you sell to a break even position, but what do i know. Lets see what happens over the next 6 months.

Good luck to all. Last post on this thread.

[BCB]

Grandpa,

There may or may not be a correction.  Yes this may be a bubble but bitcoin is a currency, not a commodity it is a currency and as is grows price will only become higher.

Also as the fiat economy continues to crumble we will only continue to see Bitcoin Price rise.

Bitcoin is the new GOLD

Bitcoin is here to stay.

[zoolander]

Most of the guys posting here have under 10 posts. Just wanted to point that out.

Be careful not to stereotype all n00bs as being ignorant. I've personally been following Bitcoin closely since before 2011 and I have lurking in these forums for many moons. In return I won't stereotype all "established" posters as living inside a reality distortion field of their own making.

[bonker]

To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).

if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159

you just need to look at the naivete of the posts on this board to know this is a sucker rally.

"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."


good luck to all the future bitcoin millionaires :-)

WTF??

I'm long BTC and holding for 1 reason: fundamentals

BTC are just too frikking useful, its cash for the interent!

Anyway, $1000 BTC coming up within a year.

[dex1]

Looking forward to a moment in time when I have to pay a couple of satoshis for a newspaper at the corner shop so all that mining with my laptop yielding 0.01 BTC a month proves to be worth something at last.

[jorov]

There are about 30 000 people willing to
invest over $ 60 000 000 value in Bitcoin within the next month.

That is 375 000 BTC at current rate.

That is not a lot of money but ...
I don't think market could supply that amount without adjustments.

If nothing UNPREDICTABLE happens - price is going to hit $400 by the end of this month.

[smahopwi]

I think right now is definitely NOT the time to sell unless you have a reason for the funds.

Bitcoin may (will?) experience SEVERE ups and downs but right now it's gaining a lot of mainstream exposure and that means a lot of money coming in.

And given that it seems like (isn't in my opinion) a "Get Rich Quick" scheme the odds of people bringing money goes up even more.

[willinaustin]

To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).

if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159

you just need to look at the naivete of the posts on this board to know this is a sucker rally.

"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."


good luck to all the future bitcoin millionaires :-)

WTF??

I'm long BTC and holding for 1 reason: fundamentals

BTC are just too frikking useful, its cash for the interent!

Anyway, $1000 BTC coming up within a year.

This.

I believe in Bitcoin because it has true worth in today's fiat driven, bankster corruption world of ever decreasing value.  Even if fiat money wasn't so screwed up, Bitcoin is still valuable just because you can send it to anyone, anywhere, instantly and do so anonymously.  

I plan to buy and hold for a LONG time.  Yeah, we could definitely see some insane swings in the short term, but unless the blockchain itself gets broken (through hacking, whatever) this thing is only going to increase in value.  

It took 2+ years for BC to get from nothing to where we are now, right?  So give it two more years.  Two more years of ever increasing places to spend BC.  Two more years of ever more people abandoning fiat and coming to appreciate the benefits of a crypto-currency.  Two more years of ever increasing efficiency and management of the exchanges, etc.  It'll be glorious.