PROUDHON WAS RIGHT!

[Gordonium]

 

I cannot believe this, but I have to admit. PROUDHON WAS RIGHT!

EDIT: PROUDHON WAS NOT RIGHT! BULLS STRIKE BACK!

[shad0wbitz]

I cannot believe this, but I have to admit. PROUDHON WAS RIGHT!

LOL Bitcoin will be worth about $5 by the time GOX reopens. Already trading at $70 on BTC-e!!

[NamelessOne]

No he wasn't. You don't get to call the top every 10$ and still be right. Simply spamming the market with predictions and tops means you destroy your opportunity to be 'right'.  Being wrong 100 times and suddenly the price drops doesn't make someone right.

[wormbog]

He'll be right when it hits single digits.

[Newscastix]

I cannot believe this, but I have to admit. PROUDHON WAS RIGHT!

Yep... i'm still not letting go of my coins... especially at these prices....  

[piramida]

twice per day a broken clock is right, so once per two years proudhon is right.

[Wuji]

He'll be right when it hits single digits.

It has been there for a while now.. At $72 currently.

https://btc-e.com/

[drawingthesun]

twice per day a broken clock is right, so once per two years proudhon is right.

Thats a bit of a cop out isn't it? He said this surge was a bubble and that its going to pop and go down and down, and now it is, Give Proud some credit.

[dg2010]

twice per day a broken clock is right, so once per two years proudhon is right.

Hahaha. This sums up my sentiments towards most of these predictions.

[fcmatt]

No he wasn't. You don't get to call the top every 10$ and still be right. Simply spamming the market with predictions and tops means you destroy your opportunity to be 'right'.  Being wrong 100 times and suddenly the price drops doesn't make someone right.

proudhon and others could not predict just how dumb some people are. it is very
difficult to predict stupid when greed gets involved.

those who said this was a bubble were right. the bulls who preached that 5% gain per day
was very normal for this disruptive technology were wrong. proudhon and others watched this
same exact scenario play out last year and this was very predictable (except for calling the
absolute top).

got so tired of you weenies being so proud of yourselves and your paper profit. Now that it has
been slashed in half and more I am sure you will still figure out a way to spin it in a bullish fashion.
Most of you are probably still sitting there watching your paper profits decline another percentage
today until you are left with a loss for most of you. Well those who will admit it.

with that said, you stupid bulls, please get the price over 180 again. i was making a nice daily
profit from you dorks. Sucking USD from your wallets as fast as I can. And I was not the only
one. You were played. Scammed. Suckered. Bamboozeled. etc..

[marhjan]

He'll be right when it hits single digits.

It has been there for a while now.. At $72 currently.

https://btc-e.com/

I'm just trying to figure out how $72 is single digits.  Single digits = under $10USD and we'll see them soon, but not quite yet.  And for the record - Proudhon is NOT right yet, he's been calling for single digits so give it a bit before you pat Proudhon, and me (lol) on the back.

[Crazy]

The glorious truth

This.

[Sage]

Give it a few weeks.  Then lets revisit this post.

The fundamentals haven't changed... only got better.

The cause of this crash (too much money clogging the pipes) is temporary folks!

[Wuji]

He'll be right when it hits single digits.

It has been there for a while now.. At $72 currently.

https://btc-e.com/

I'm just trying to figure out how $72 is single digits.  Single digits = under $10USD and we'll see them soon, but not quite yet.  And for the record - Proudhon is NOT right yet, he's been calling for single digits so give it a bit before you pat Proudhon, and me (lol) on the back.

Sorry new to the site and I was thinking he meant double digits, my bad.

[Crazy]

The cause of this crash (too much money clogging the pipes) is temporary folks!

I literally just LOL'd. Wow.

[Wuji]

Give it a few weeks.  Then lets revisit this post.

The fundamentals haven't changed... only got better.

The cause of this crash (too much money clogging the pipes) is temporary folks!

Mt. Gox issues has changed the fundamentals IMO since they handled 80% of trading.  Now that confidence is lost there I revise my low of $70 down to $30.  I hope there is an exchange with infrastructure ready to fill their shoes.  I doubt they can re architect their site in 12 or 24 hours.

[piramida]

Thats a bit of a cop out isn't it? He said this surge was a bubble and that its going to pop and go down and down, and now it is, Give Proud some credit.

Oh I do love proudhon dearly, I'm just saying he announced the bubble top like every day since November. So I'm much more impressed by his consistency, than by precision of his predictions

As for losing paper profits, big deal, it will recover to that and much higher levels eventually. I'm just glad I sold a little at 200+ to buy more coins once the bear run completes.

[rpietila]

Sorry, but this is percentage game. What matters, is how many BTC you have, not how much you paid for them, or for what price you can sell them or could have sold them.

The big boys want to get some bitcoins, and currently they are busy getting them. Don't sell to them. They can get almost a million BTC from the suckers during the following month, don't be one of them.

Ok, if you need, sell 10-20%. Cause they want the coins

[Crazy]

I love all the permabulls trying to sell their cause STILL. Hilariously desperate, but hilarious nonetheless.

[rpietila]

No, I am not a permabull. In fact I sold about 3% for over $200. As price is back in my buy range of $50 right now, I just resume buying.

The key is to be flexible. Buy low and sell high, and not be suckered to think that the reverse somehow is correct, as it isn't.