Hyperjacked
Legendary
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Activity: 1610
Merit: 1119
It's all mathematics...!
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May 27, 2017, 03:25:47 PM |
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Ignored... Love that button! Bye yobit scammers
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julian071
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May 27, 2017, 03:32:29 PM |
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At least it didn't take a year to crash like last time. That was brutal.
It sure was =(. Oh, the wailing....
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ARTISTCOLONY
Newbie
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Activity: 56
Merit: 0
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May 27, 2017, 03:36:27 PM |
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Hyperjacked
Legendary
Offline
Activity: 1610
Merit: 1119
It's all mathematics...!
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May 27, 2017, 03:38:48 PM |
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At least it didn't take a year to crash like last time. That was brutal.
It sure was =(. Oh, the wailing.... Not if you have been buying every month from 2012-2016 Dollar cost averaging... Gotta love it
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criptix
Legendary
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Activity: 2464
Merit: 1145
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May 27, 2017, 03:39:19 PM |
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Ahh i see many noobs got burned The next generation of hodlers are being made right now Sadly 2 k seems not to hold :/
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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May 27, 2017, 03:42:06 PM |
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At least it didn't take a year to crash like last time. That was brutal.
It sure was =(. Oh, the wailing.... Not if you have been buying every month from 2012-2016 Dollar cost averaging... Gotta love it
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Richy_T
Legendary
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Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 27, 2017, 04:33:02 PM |
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So it turns out that the reappearance of Richy_T was a strong sell indicator (Nothing personal mate, just a joke...) Though possibly also true
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Bitcoinaire
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May 27, 2017, 04:38:12 PM |
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That was a nice bounce, we consolidate here and the next leg up is around the corner.
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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May 27, 2017, 04:51:18 PM |
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Textbook propellor correction visible on the Bitcoin 1-Day and 3-Day charts. Overheat fan activated to cool things down for a bit. Perfection. See earlier in the thread for full commentary on propellor fan-corrections: Here and Here.
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NUFCrichard
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Activity: 1218
Merit: 1003
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May 27, 2017, 05:00:28 PM |
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At least it didn't take a year to crash like last time. That was brutal.
It sure was =(. Oh, the wailing.... Not if you have been buying every month from 2012-2016 Dollar cost averaging... Gotta love it Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is. Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now. It still could go down from here, but it is less likely. I bought in between $200-300 and haven't bought since.
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practicaldreamer
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May 27, 2017, 05:09:36 PM |
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Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is. Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now.
It still could go down from here, but it is less likely.
I bought in between $200-300 and haven't bought since.
Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200. Easy to be a wise man with hinsight. Missed a trick though - should have bought at $5
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kurious
Legendary
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Activity: 2590
Merit: 1643
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May 27, 2017, 05:11:07 PM |
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Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is. Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now.
It still could go down from here, but it is less likely.
I bought in between $200-300 and haven't bought since.
Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200. Easy to be a wise man with hinsight. To be fair, it was not hindsight, it was foresight.
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practicaldreamer
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May 27, 2017, 05:12:44 PM |
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Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is. Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now.
It still could go down from here, but it is less likely.
I bought in between $200-300 and haven't bought since.
Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200. Easy to be a wise man with hinsight. To be fair, it was not hindsight, it was foresight. It was you being lucky and bragging about it. And then offering bad advice.
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Nagadota
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May 27, 2017, 05:30:30 PM |
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Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is. Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now.
It still could go down from here, but it is less likely.
I bought in between $200-300 and haven't bought since.
Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200. Easy to be a wise man with hinsight. To be fair, it was not hindsight, it was foresight. It was you being lucky and bragging about it. And then offering bad advice. Buying at a time when the value of Bitcoin went way lower than it should have was hardly luck, more like basic intelligence. Just buy the dip every time (or the crash if you get that opportunity).
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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May 27, 2017, 05:33:19 PM |
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One single person/entity on Bitfinex has controlled the entire bitcoin market from $200 till now.
Your provocative assertion would benefit from a listing of evidence and/or supporting rationale.
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practicaldreamer
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May 27, 2017, 05:34:13 PM |
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Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is. Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now.
It still could go down from here, but it is less likely.
I bought in between $200-300 and haven't bought since.
Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200. Easy to be a wise man with hinsight. To be fair, it was not hindsight, it was foresight. It was you being lucky and bragging about it. And then offering bad advice. Buying at a time when the value of Bitcoin went way lower than it should have was hardly luck, more like basic intelligence. Just buy the dip every time (or the crash if you get that opportunity). If you can call the tops - and the bottoms - then you are a better man than 99.9% on here. For the rest of mankind cost averaging doesn't seem like a bad strategy to me.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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May 27, 2017, 05:44:30 PM Last edit: May 27, 2017, 06:34:18 PM by jbreher |
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Loompaland?
I got to fly in a WWII B-17 Bomber plane a few days ago. Fun factoid (perhaps apocryphal) imparted by the plane's crew - This plane was built in Burbank. There are multitudinous small spaces requiring detailed assembly operations within. Several of the diminutive actors from The Wizard Of Oz were employed on this plane's assembly line, as they could reach the crevices that others could not. We now return you to your regularly scheduled scaling argument... edit: upon reflection, the proper reference should have been Munchkinland, not Loompaland. c'est la guerre.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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May 27, 2017, 05:52:08 PM |
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Ehh well a $10MM market sell would probably devastate a small market cap company, AAPL (apple) would barely notice it
MarketCap BTC/MarketCap AAPL ~= 4%. Respectable.
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sirazimuth
Legendary
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Activity: 3500
Merit: 3603
born once atheist
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May 27, 2017, 05:54:09 PM |
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Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is. Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now.
It still could go down from here, but it is less likely.
I bought in between $200-300 and haven't bought since.
Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200. Easy to be a wise man with hinsight. To be fair, it was not hindsight, it was foresight. It was you being lucky and bragging about it. And then offering bad advice. Buying at a time when the value of Bitcoin went way lower than it should have was hardly luck, more like basic intelligence. Just buy the dip every time (or the crash if you get that opportunity). If you can call the tops - and the bottoms - then you are a better man than 99.9% on here. For the rest of mankind cost averaging doesn't seem like a bad strategy to me. agreed, been auto weekly buying for past 3 years. Have done very well. Could have done even better if i had stuck to my guns and not sold at what i thought was incoming crash that turned into a pump and vice versa. aka... i suck at trading. i just buy and hodle .
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yefi
Legendary
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Activity: 2842
Merit: 1511
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May 27, 2017, 06:07:17 PM |
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If you can call the tops - and the bottoms - then you are a better man than 99.9% on here.
For the rest of mankind cost averaging doesn't seem like a bad strategy to me.
You don't need to call tops or bottoms. If you did, you could have restocked at $155. It's more a case of aligning probabilities. I haven't bought for myself since $300 either, but I did have money allocated for a sub-$100 panic (which never materialized). I guess a cost-averaging strategy isn't a bad idea for the other 99% however.
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