Torque
Legendary
Offline
Activity: 3710
Merit: 5286
|
|
June 06, 2017, 11:50:46 PM |
|
A 2 day old article, but I thought the author articulated very well the three main factors of Bitcoin speculation and what makes it a great long term play for store of value. http://www.coindesk.com/why-no-crypto-bubble-ico/
|
|
|
|
Torque
Legendary
Offline
Activity: 3710
Merit: 5286
|
|
June 06, 2017, 11:54:49 PM |
|
hold guys hold. once btc hits 3,000 USD, i will see the headlines in major news sites which will give a pump to right away to 3500. since it is a nice number BTC is 3,000 for the first time in headline in cnbc or cnn would be a nice pump for holders. so closeee the media effect is on the way. You total have that backwards dude. Every time the media prints a new headline like "Bitcoin breaks XX for the first time, new ATH!" or some shit, esp. a round number like $1000, $2000, etc. it immediately dumps a few days later. Every. Single. Time.
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 06, 2017, 11:58:55 PM |
|
Bitcoin is in a bubble when you have Japanese housewives talking about how "grateful they are to find bitcoin scheme because Japanese pensions are failing", but Mark Cuban is a snake that changed his communist Jewish last name (Chabenisky) to pretend to be another race and then shill against white interests while pretending to be white (or implied "cuban"). All you had to do is watch his actions of constant shilling against Trump during the 2016 election to see international organized Jewery in full force shilling against everything they don't control.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
June 06, 2017, 11:59:43 PM |
|
Congratulation everybody, we are rich.
It is very demotivating for me to come into work when in one day I made more money than almost 2 years salary. Fortunately it's government work so I don't have to do much. And my boss is nice and I have respect for the people in my company (CEO is an old friend).
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 07, 2017, 12:04:30 AM |
|
It is very demotivating for me to come into work when in one day I made more money than almost 2 years salary.
You should re-read what you just typed, because there's probably hundreds of people reading your post who have had the exact same feeling with some altcoin before, then they tried to ride the profits higher and they vaporized taking them back to square one. The fact is, the second any type of life changing profits occur in any asset, the price always craters right after. What % bitcoin can rise in a short duration before said action occurs is up for debate though. Having any type of life changing profit occur and then not taking any profit off the table is the definition of insanity.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
June 07, 2017, 12:10:29 AM |
|
It is very demotivating for me to come into work when in one day I made more money than almost 2 years salary.
You should re-read what you just typed, because there's probably hundreds of people reading your post who have had the exact same feeling with some altcoin before, then they tried to ride the profits higher and they vaporized taking them back to square one. The fact is, the second any type of life changing profits occur, the price always craters right after. What % bitcoin can rise in a short duration before said action occurs is up for debate though. Having any type of life changing profit occur and then not taking any profit off the table is the definition of insanity. Profit in what? A currency that will likely go away in the next 10 years due to a debt bubble and more wars? I stay at work mainly because it allows me to continue my high risk investment without worry of starving if it goes to zero. If I were to quit I would buy real estate or something that will sustain me for decades.
|
|
|
|
bones261
Legendary
Offline
Activity: 1806
Merit: 1828
|
|
June 07, 2017, 12:13:50 AM |
|
Unfortunately, I am nowhere near feeling that this awesome rise is "life changing." Probably because I've only been dicking around with cryptocurrencies for the past two years with chump change. My hats off to those who are now rich. Just remember to quit while you are ahead.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
June 07, 2017, 12:22:18 AM |
|
I understand that the rise in price is due to many fiat lovers trying to get more fiat but that's just not me. Bitcoin is the superior currency. It will do more to help the world than anything else being worked on right now.
|
|
|
|
Torque
Legendary
Offline
Activity: 3710
Merit: 5286
|
|
June 07, 2017, 12:24:33 AM |
|
It is very demotivating for me to come into work when in one day I made more money than almost 2 years salary.
You should re-read what you just typed, because there's probably hundreds of people reading your post who have had the exact same feeling with some altcoin before, then they tried to ride the profits higher and they vaporized taking them back to square one. The fact is, the second any type of life changing profits occur in any asset, the price always craters right after. What % bitcoin can rise in a short duration before said action occurs is up for debate though. Having any type of life changing profit occur and then not taking any profit off the table is the definition of insanity. If you have a day job that sustains you, and you have tens, hundreds or even thousands of btc, then "taking profit" on them now will be a huge regret 5 to 10 yrs from now. If in just 8.5 years a bitcoin can go from $0 to $3000, with 99.99% percent of the world not even invested yet, then surely it has plenty of room to run to $20K, $50K, or whatever in the next 8 years. It is not inconceivable in the least. And you keep blabbering on about it having a chance to "go to zero." Not a chance now, no way. I'd wager that even if a 0 day, network-killing flaw was found tomorrow, bitcoin would still not go to zero.
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 07, 2017, 12:25:58 AM |
|
It is very demotivating for me to come into work when in one day I made more money than almost 2 years salary.
You should re-read what you just typed, because there's probably hundreds of people reading your post who have had the exact same feeling with some altcoin before, then they tried to ride the profits higher and they vaporized taking them back to square one. The fact is, the second any type of life changing profits occur, the price always craters right after. What % bitcoin can rise in a short duration before said action occurs is up for debate though. Having any type of life changing profit occur and then not taking any profit off the table is the definition of insanity. Profit in what? A currency that will likely go away in the next 10 years due to a debt bubble and more wars? I stay at work mainly because it allows me to continue my high risk investment without worry of starving if it goes to zero. If I were to quit I would buy real estate or something that will sustain me for decades. You've already reached the peak of risk in your high risk investment. Anyone can click the 2 year chart and see that. It's an obvious unsustainable bubble and anyone cashing out here will not be missing much. I imagine it will do something like a 50% retrace off it's base, which would take it to something like $2100, but the pumpers may or may not try to take it a few hundred higher first. This is literally a textbook pump and dump and it's easy to see from the non-aggregate market movements. Bitcoin has probably never once behaved as an aggregate market. Every single move is just some entity like Digital Currency Group trying to manipulate it in a certain direction to profit.
|
|
|
|
BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
|
|
June 07, 2017, 12:26:43 AM |
|
So in hindsight you all knew everything. Now it's a guessing game. Why will nobody admit they know nothing? I didn't know. Then again, I never thought much about it. Not like it was central to my existence or anything. wait - what? What are we talking aboot? Our success. I never saw it coming.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
June 07, 2017, 12:31:01 AM |
|
Our success. I never saw it coming. You seem like a lost and bewildered soul at present. I think it's time you did something life changing like sailing to Polynesia on a raft made of inflated condoms. Fill half of them with drinking water and astronaut paste and you'll return with a boatload of perspective.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
June 07, 2017, 12:34:25 AM |
|
I remember when the price shot up to 60 dollars when I had bought at 20, all my friends at work were saying I should sell. Calling me crazy for not selling as it went over 100.
I will diversify into Seasteading later this year as I see that as the next world changing technology that I believe in.
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3864
Merit: 10908
Self-Custody is a right. Say no to"Non-custodial"
|
|
June 07, 2017, 12:40:05 AM |
|
Who sold at the bottom?
I didn't sell yet, my friend sold his 100BTC today though - he bought them when they were worth 1USD - he's pretty happy with his investment These kinds of stories never make any sense to me. I can understand cashing out little by little, but what you gonna do with your money if you cash out all of them? O.k... ? Around $280 k and mostly profit.. but, still where you gonna put it? just blow it all? I can understand cashing out 20% and going on a vacation or something like that.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
June 07, 2017, 12:42:38 AM |
|
Who sold at the bottom?
I didn't sell yet, my friend sold his 100BTC today though - he bought them when they were worth 1USD - he's pretty happy with his investment These kinds of stories never make any sense to me. I can understand cashing out little by little, but what you gonna do with your money if you cash out all of them? O.k... ? Around $280 k and mostly profit.. but, still where you gonna put it? just blow it all? I can understand cashing out 20% and going on a vacation or something like that. Uncle Sam appreciates your investment in weapons for ISIS with your tax dollars.
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3864
Merit: 10908
Self-Custody is a right. Say no to"Non-custodial"
|
|
June 07, 2017, 12:46:47 AM |
|
Unfortunately, I am nowhere near feeling that this awesome rise is "life changing." Probably because I've only been dicking around with cryptocurrencies for the past two years with chump change. My hats off to those who are now rich. Just remember to quit while you are ahead. I know several people who are very similar to you. They do not invest, and they continue to tell people to pull out their principle, protect themselves, protect themselves, so yeah, I don't know at what point you kind of people get in. Maybe once 30 to 40% of the world are in, then you will get in? Anyhow, sometimes we have to invest a bit and then just stay the course and just write off our principle. Yeah, nothing wrong with cashing out a bit here and there to protect ourselves, but we should not be so narrow sighted as to be worried about retrieving our principle because we may end up leaving ourselves under-invested in a highly appreciating asset.
|
|
|
|
BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
|
|
June 07, 2017, 12:49:52 AM |
|
Our success. I never saw it coming. You seem like a lost and bewildered soul at present. I think it's time you did something life changing like sailing to Polynesia on a raft made of inflated condoms. Fill half of them with drinking water and astronaut paste and you'll return with a boatload of perspective. My fortune cookie told me I will participate in an endeavour of great advantage. But I assumed it would be a sex thing.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
June 07, 2017, 12:51:42 AM |
|
It's a big and lonely ocean out there.
|
|
|
|
Dakustaking76
|
|
June 07, 2017, 12:59:52 AM |
|
Why isnt the price moving upward Someone has a bad news ?😱 Its like the price is struggling to go up..
|
|
|
|
|
|