Mervyn_Pumpkinhead
Legendary
 Offline
Activity: 876
Merit: 1000
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November 05, 2015, 07:10:02 AM |
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The new bitcoin buyers are irrational gamblers that will bail out at any sign of weakness.
Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
Buying and selling these swings is the rational thing to do. Just holding and thinking that it's for some greater good is just a case of bad timing mixed with delusions. |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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ynef
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November 05, 2015, 07:10:11 AM |
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Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point. |
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ynef
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November 05, 2015, 07:11:54 AM |
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Buying and selling these swings is the rational thing to do. Just holding and thinking that it's for some greater good is just a case of bad timing mixed with delusions.
Exactly this. Since Gemini and NYSE are now in the game, it's normal to have such volatility. We've been going sideways for too long anyway. |
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_biO_
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November 05, 2015, 07:15:36 AM
Last edit: November 05, 2015, 07:28:55 AM by _biO_ |
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The new bitcoin buyers are irrational gamblers that will bail out at any sign of weakness.
Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
Buying and selling these swings is the rational thing to do. Just holding and thinking that it's for some greater good is just a case of bad timing mixed with delusions. The difference is: In the end you want to hold fiat, while other people want to hold bitcoin then. Your implied assumption is that bitcoin fails eventually, while others see it succeed big time. If you're in the first group, you statements make somewhat sense. If you are in the latter group, you're better off just acquiring a decent stash of bitcoins. |
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AmazonStuff
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November 05, 2015, 07:16:53 AM |
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Good morning! 375 resistance still resisting, still in the channel, descending triangle, a lot of movement without any significant news, auction happening today.
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_biO_
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November 05, 2015, 07:20:13 AM |
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Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point. This is the "april 2013 bubble" in preperation for the real thing in a few months, proving that the coming halvening has not been priced in in any meaningful fashion. |
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Mervyn_Pumpkinhead
Legendary
Offline
Activity: 876
Merit: 1000
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November 05, 2015, 07:27:49 AM |
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The difference is: In the end you want to hold fiat, while other people want to hold bitcoin then. Your implied assumtion is that bitcoin fails eventually, while others see it succeed big time.
If you're in the first group, you statements make sense. If you are in the latter group, you're better off just acquiring a decent stash of bitcoins.
If the people, who just want to hold bitcoin, would have more skills then grannies playing bingo, then they would eventually hold on to more bitcoins. It's ok if they aren't equipped for the trading game, just it would be great if they'd stop trying to make it sound like doing something noble. Nobody's perfect, just deal with it. |
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ynef
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November 05, 2015, 07:29:23 AM |
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Good morning! 375 resistance still resisting, still in the channel, descending triangle, a lot of movement without any significant news, auction happening today.
I'm not sure how this auction will take place or what it will look like so correct me if I'm wrong, but an auction is something where bidders try to overbid each other. Wouldn't it increase the value then? Besides who would sell off their bought Bitcoins immediately? Especially such a volume. No, they're going to hold it. Unless it's a private auction where the public has no idea how much the final bidder actually paid. |
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barbs
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November 05, 2015, 07:34:49 AM |
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oh for fuck's sake
someone post that tulip bubble graph and lets move on
WHY DOES IT HAVE TO LOOK EXACTLY THE SAME EVERY TIME !
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AmazonStuff
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November 05, 2015, 07:36:29 AM |
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Good morning! 375 resistance still resisting, still in the channel, descending triangle, a lot of movement without any significant news, auction happening today.
I'm not sure how this auction will take place or what it will look like so correct me if I'm wrong, but an auction is something where bidders try to overbid each other. Wouldn't it increase the value then? Besides who would sell off their bought Bitcoins immediately? Especially such a volume. No, they're going to hold it. Unless it's a private auction where the public has no idea how much the final bidder actually paid. We already had 2 similar auctions and the same pattern happens, pump and dump without reason, before auction moon, after auction pigs get slaughtered. |
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barbs
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November 05, 2015, 07:37:03 AM |
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I see consolidation approaching.
consolidation below 385? |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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November 05, 2015, 07:42:43 AM |
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Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point. Fool me once, shame on you; fool me twice, shame on me The fact that this insane run-up buying is from the same kind of players that accentuated the 2013 bubble, It could only burst. I think we will go sideways/slow bleed and test support 300 at some point, until the next halving bubble ! Still amazed by the euphoria and empty ask at $500 (not achieved for 2 years) , hoping for more..greed at its finest! |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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November 05, 2015, 07:44:28 AM |
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Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point. Fool me once, shame on you; fool me twice, shame on me The fact that this insane run-up buying is from the same kind of players that accentuated the 2013 bubble, It could only burst. I think we will go sideways/slow bleed and test support 300 at some point, until the next halving bubble ! Still amazed by the euphoria and empty ask at $500 (not achieved for 2 years) , hoping for more..greed at its finest! this was the fbi pumping it up for their auction today, nothing more. https://bitcointalk.org/index.php?topic=178336.msg12889118#msg12889118so i fully concur we will go back hovering around 300. |
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AmazonStuff
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November 05, 2015, 07:44:34 AM |
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Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point. Fool me once, shame on you; fool me twice, shame on me The fact that this insane run-up buying is from the same kind of players that accentuated the 2013 bubble, It could only burst. I think we will go sideways/slow bleed and test support 300 at some point, until the next halving bubble ! Still amazed by the euphoria and empty ask at $500 (not achieved for 2 years) , hoping for more..greed at its finest! Very nice analysis |
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_biO_
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November 05, 2015, 07:45:54 AM |
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The difference is: In the end you want to hold fiat, while other people want to hold bitcoin then. Your implied assumtion is that bitcoin fails eventually, while others see it succeed big time.
If you're in the first group, you statements make sense. If you are in the latter group, you're better off just acquiring a decent stash of bitcoins.
If the people, who just want to hold bitcoin, would have more skills then grannies playing bingo, then they would eventually hold on to more bitcoins. It's ok if they aren't equipped for the trading game, just it would be great if they'd stop trying to make it sound like doing something noble. Nobody's perfect, just deal with it. Trading bitcoin is gambling, if you think you have skill, you probably just had a lot of luck. |
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ynef
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November 05, 2015, 07:53:57 AM |
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this was the fbi pumping it up for their auction today, nothing more.
When did the FBI start controlling Chinese markets in such volumes? Still the $300 seems like a harsh reality. |
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Cconvert2G36
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November 05, 2015, 07:54:29 AM |
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Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point. Fool me once, shame on you; fool me twice, shame on me The fact that this insane run-up buying is from the same kind of players that accentuated the 2013 bubble, It could only burst. I think we will go sideways/slow bleed and test support 300 at some point, until the next halving bubble ! Still amazed by the euphoria and empty ask at $500 (not achieved for 2 years) , hoping for more..greed at its finest! this was the fbi pumping it up for their auction today, nothing more. https://bitcointalk.org/index.php?topic=178336.msg12889118#msg12889118so i fully concur we will go back hovering around 300. Are you kidding me? The govt that takes in 2.6 trillion $ in taxes goes all cloak and dagger to get a couple million more on a silly property auction?  |
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Mervyn_Pumpkinhead
Legendary
Offline
Activity: 876
Merit: 1000
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November 05, 2015, 07:58:14 AM |
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Trading bitcoin is gambling, if you think you have skill, you probably just had a lot of luck.
Gambling is the only thing that bitcoin is good for (ok doing illegal things also, if you're into this). If you don't have skills at gambling, then don't think that it's only a luck game. It's not a coincidence that some people mostly win and some mostly lose. It's just you trying to deny your own inability to comprehend trading. Anyway, gambling with bitcoin hasn't been my game for years now, my crypto game is with alts. Bitcoin is only good if it will stimulate some alts that are strongly tied to it's value. The risk/reward ratio with bitcoin is just out of balance for my taste. |
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AmazonStuff
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November 05, 2015, 07:59:55 AM |
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this was the fbi pumping it up for their auction today, nothing more.
When did the FBI start controlling Chinese markets in such volumes? Still the $300 seems like a harsh reality. I would not call it harsh reality, I would call it good progress, if 300 holds it would be something, remember only 20days ago we were @ $250. As more realistic we are, more progress we will make. With this pumps and dumps we look like a joke to other serious traders. |
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