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evolve (OP)
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April 15, 2013, 10:10:19 PM |
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(you should've done this at $200+)
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nobbynobbynoob
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April 15, 2013, 10:11:08 PM |
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(you should've done this at $200+)
If someone's not selling at 200 they'd be nuts to do it at 70s. Hold. |
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BubbleBoy
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April 15, 2013, 10:14:20 PM |
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So much for the "$100 is the new ..." theory.
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mgio
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April 15, 2013, 10:16:21 PM |
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(you should've done this at $200+)
If someone's not selling at 200 they'd be nuts to do it at 70s. Hold. This. People who didn't sell at 200, either just got in at 200 or plan on holding bitcoins for the long term. |
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evolve (OP)
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April 15, 2013, 10:22:11 PM |
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If someone's not selling at 200 they'd be nuts to do it at 70s.
Hold.
We wont be in the 70s long.  We may never see a price this high again, or if we do it could be a very long time from now...its best to lock in profits while you can (especially when there is a very good chance you'll be able to buy back in at a lower price.) |
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Brushan
Member
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Activity: 224
Merit: 10
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April 15, 2013, 10:23:25 PM |
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If someone's not selling at 200 they'd be nuts to do it at 70s.
Hold.
We wont be in the 70s long. We may never see a price this high again, or if we do it could be a very long time from now...its best to lock in profits while you can (especially when there is a very good chance you'll be able to buy back in at a lower price.) I agree that we're entering a bear market and i've too cashed out waiting for cheaper coins but what makes you think that? |
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evolve (OP)
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April 15, 2013, 10:29:54 PM |
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I agree that we're entering a bear market and i've too cashed out waiting for cheaper coins but what makes you think that?
I'm simply stating that future price is uncertain. There is no guarantee the prices will ever go back up any significant amount once we hit bottom. Maybe the prices will rise again naturally or maybe we will see another bubble and crazy high prices, but it is just as likely that the price stagnates or drifts down to fractions of a penny. |
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dandirk
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April 15, 2013, 10:32:40 PM |
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It is possible that these 2 crashes could seriously hinder BTC, making way for another alt currency a couple years down the road.
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noedaRDH
Full Member
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Activity: 182
Merit: 100
Finding Satoshi
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April 15, 2013, 10:39:59 PM |
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It is possible that these 2 crashes could seriously hinder BTC, making way for another alt currency a couple years down the road.
Doubt it. BTC's will still gain adoption whatever the price. |
1NwGKiLcAngD1KiCCivxT6EDJmyXMGqM9q
Ask not what Bitcoin can do for you - ask what you can do for Bitcoin.
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Odalv
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Activity: 1400
Merit: 1000
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April 15, 2013, 10:46:17 PM |
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If someone's not selling at 200 they'd be nuts to do it at 70s.
Hold.
We wont be in the 70s long. We may never see a price this high again, or if we do it could be a very long time from now...its best to lock in profits while you can (especially when there is a very good chance you'll be able to buy back in at a lower price.) LOL |
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Odalv
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Activity: 1400
Merit: 1000
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April 15, 2013, 10:48:05 PM |
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evolve (OP)
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April 15, 2013, 10:55:44 PM |
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If you think I am going to buy back in and tie up my money on some betting site I have never heard of while the price is tanking and in a bear market, you are insane.
If (and when) I won, I could potentially lose more in BTC value than I'd win on the bet. Its a bad bet.
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Bitmeat
Newbie
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Activity: 28
Merit: 0
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April 15, 2013, 11:54:14 PM |
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If you think I am going to buy back in and tie up my money on some betting site I have never heard of while the price is tanking and in a bear market, you are insane.
If (and when) I won, I could potentially lose more in BTC value than I'd win on the bet. Its a bad bet.
Cmon man, I've got this sell order for $120 that I need filled... err I mean the fundamentals point towards up up up! Buy now or be priced out forever! |
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dadrizforshizz
Newbie
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Activity: 42
Merit: 0
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April 16, 2013, 12:31:10 AM |
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If someone's not selling at 200 they'd be nuts to do it at 70s.
Hold.
We wont be in the 70s long. We may never see a price this high again, or if we do it could be a very long time from now...its best to lock in profits while you can (especially when there is a very good chance you'll be able to buy back in at a lower price.) I agree that we're entering a bear market and i've too cashed out waiting for cheaper coins but what makes you think that? Bear Market? LOL that so cute....this was a bubble plain and simple |
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evolve (OP)
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April 16, 2013, 12:38:07 AM |
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This period of price decline since the bubble hit its peak *is* a bear market.
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RyNinDaCleM
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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April 16, 2013, 02:44:53 AM |
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This is what a Bear market looks like!  |
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Crazy
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April 16, 2013, 06:32:14 AM |
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Guys, buy fast, I heard it'll never be double digits again.
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Elon Krusky
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str4wm4n
Legendary
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Activity: 1611
Merit: 1001
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April 16, 2013, 06:33:16 AM |
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sold half, buying back at 20
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pinger
Legendary
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Activity: 1512
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Bitcoin - Resistance is futile
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April 16, 2013, 06:38:42 AM |
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I can't risk sell half and wait a 20 but 30 is good  |
For rent
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Viceroy
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April 16, 2013, 04:24:55 PM |
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This is what a Bear market looks like! This is EXACTLY when you should be buying, unless you are a lemming being led off the cliff. “Mr. Buffett, if you were starting over today and only had $1 million to invest, how would you do it? What kinds of companies would you look to own?” 1) Smaller companies that the major institutions (including Berkshire) can’t even think about investing in because they are too small. 2) Emerging markets where you can buy great businesses for next to nothing. In other words BUY BITCOIN! |
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Gabi
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If you want to walk on water, get out of the boat
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April 16, 2013, 04:49:14 PM |
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Buy low sell high means that you have to buy when price is low, and not sell when price is low. Otherwise you are doing buy high sell low, a common tactic used by newbies  |
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Zaih
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April 16, 2013, 04:50:19 PM |
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Dem 80s
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piramida
Legendary
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Activity: 1176
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Borsche
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November 07, 2013, 09:00:59 AM |
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We wont be in the 70s long. We may never see a price this high again, or if we do it could be a very long time from now...its best to lock in profits while you can (especially when there is a very good chance you'll be able to buy back in at a lower price.) Right, we will never see bitcoins as high as $70 again. I like your predicting power evolve, so thats why had to dig this up. You should start making opposite decision from what seems right to you at each moment, and you would be rich But I know you won't listen to me, so continue to be a sad troll! |
i am satoshi
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BitPirate
Full Member
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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November 07, 2013, 09:09:22 AM |
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People all over the forum were baying for sub-$50, all the way down. At the time anything below $110 seemed a bit rash.
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nobbynobbynoob
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November 07, 2013, 03:05:00 PM |
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People all over the forum were baying for sub-$50, all the way down. At the time anything below $110 seemed a bit rash.
They should've listened to proudhon, hitherto one of the most bearish bears after evolve. He said firmly that $50 was the bottom - which it was! (At the time, even after getting out of denial and admitting the bubble that popped was a bubble that popped, I had pegged $50ish as the "new $2". Bear in mind I know almost zip about TA and day trading, other than a few pointers from Candlestick Charting for Dummies.  ) |
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