NUFCrichard
Legendary
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Activity: 1218
Merit: 1003
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December 19, 2017, 02:30:07 PM |
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Yeah I am inconsolable that Bitcoin is 'only' at $17.750 It has been moving sideways for a fey days now, Bitfinex just need to move their new $250mil into the leveraged account and get this show on the road again!
I expect 20k before any big move downwards.
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ivomm
Legendary
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Activity: 1888
Merit: 3081
All good things to those who wait
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December 19, 2017, 02:43:54 PM Last edit: December 19, 2017, 02:56:23 PM by ivomm |
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Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. 2. Bitcoin doesn't rise. 3. Some altcoin rises 50-100-300---% in 2-3 days. 4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss. 5. Now let's buy altcoins 1,2, 3,... 6. Yupee, they rise 10%! I'm rich! 7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken! 8. Finally, exchange is working. I'll wait to get back where I bought it. 9. Oh, no! Alts lose another 50-80%!!! 10. Ok, let's sell now! 11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it! 12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum. 13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it! 14. Let's buy now. 14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.
Balance at the end of the year:0
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Torque
Legendary
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Activity: 3710
Merit: 5286
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December 19, 2017, 02:47:45 PM |
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^^^^^ Nailed it. Shitcoins are a profit-taking machine.
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RobSteward
Jr. Member
Offline
Activity: 40
Merit: 3
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December 19, 2017, 02:56:28 PM |
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Most of the traders are too emotional to make real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. 2. Bitctoin doesn't rise. 3. Some altcoin rises 50-100-300---% in 2-3 days. 4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss. 5. Now let's buy altcoins 1,2, 3,... 6. Yupee, they rise 10%! I'm rich! 7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken! 8. Finaly, exchange is working. I'll wait to get back where I bought it. 9. Oh, no! Alts lose another 50-80%!!! 10. Ok, let's sell now! 11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it! 12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum. 13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it! 14. Let's buy now. 14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.
Balance at the end of the year:0
So much. So many people approaching me asking about altcoins ("it's rising so fast and much better because x,y,z bla") just to come back to me a week later telling me that they bought back into BTC.
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bitcoinPsycho
Legendary
Offline
Activity: 2646
Merit: 2414
$120000 in 2024 Confirmed
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December 19, 2017, 02:58:11 PM |
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Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. 2. Bitcoin doesn't rise. 3. Some altcoin rises 50-100-300---% in 2-3 days. 4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss. 5. Now let's buy altcoins 1,2, 3,... 6. Yupee, they rise 10%! I'm rich! 7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken! 8. Finally, exchange is working. I'll wait to get back where I bought it. 9. Oh, no! Alts lose another 50-80%!!! 10. Ok, let's sell now! 11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it! 12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum. 13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it! 14. Let's buy now. 14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.
Balance at the end of the year:0
thats so true . hold has worked for me so far
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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December 19, 2017, 02:58:54 PM |
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It's altcoin trading that fucks you. Holding ETH from 50 cents in 2015 looks like an unobjectionable move to me.
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savetherainforest
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December 19, 2017, 03:01:58 PM Last edit: December 19, 2017, 03:20:50 PM by savetherainforest |
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How I feel observing this thread for the last couple of months: HA! HA HA ! I am clearly the best looking. RobSteward... You where more courageous than I was!... I stood on the side lanes for at least 1 year before joining the forum. I just kept reading for a year what nonsense JJG was saying and decided I need to step in and put him in his place of mediocre amateur writing!!! The horror!!! ... He really is a terribly bad writer, doesn't appeal too much to the public... I just had enough of JJG... that was my trigger of joining the forum. But good luck to you in making it big and becoming a big shot and big talker here in this place!
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JimboToronto
Legendary
Offline
Activity: 4172
Merit: 4816
You're never too old to think young.
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December 19, 2017, 03:18:03 PM |
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Good morning Bitcoinland. I see we had another massive correction all the way down to where we were on Saturday... currently $17868USD/$23010CAD (Bitcoinaverage). Meanwhile altcoins are up so our old coins are worth $20515USD/$26413CAD each (Coinmarketcap). Calm before the storm? Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. 2. Bitcoin doesn't rise. 3. Some altcoin rises 50-100-300---% in 2-3 days. 4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss. 5. Now let's buy altcoins 1,2, 3,... 6. Yupee, they rise 10%! I'm rich! 7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken! 8. Finally, exchange is working. I'll wait to get back where I bought it. 9. Oh, no! Alts lose another 50-80%!!! 10. Ok, let's sell now! 11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it! 12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum. 13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it! 14. Let's buy now. 14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.
Balance at the end of the year:0
Post of the year. I couldn't have said it better. Cheers.
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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December 19, 2017, 03:30:40 PM |
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Are alts going with or against btc now?
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bitserve
Legendary
Offline
Activity: 1834
Merit: 1477
Self made HODLER ✓
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December 19, 2017, 03:36:32 PM |
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Are alts going with or against btc now?
Alts are doing exactly what they did early this year (may?). They rise crazily and when they finish most of the profits come back to BTC and they stall for a few months while BTC rise. I don't see any reason for that behaviour not to repeat this time. The question is... have they finished with the crazy rise or is there anything left to go? Donno. BCH, on the other hand, keeps doing its thing as a BTC contrarian.
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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December 19, 2017, 03:36:32 PM |
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Are alts going with or against btc now?
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bitcoinPsycho
Legendary
Offline
Activity: 2646
Merit: 2414
$120000 in 2024 Confirmed
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December 19, 2017, 03:39:22 PM |
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Dear Mr bitcoinpsycho Thank you for your enquiry and interest in McDonald's. Whilst we have no plans at present to accept bitcoins as a form of payment within our restaurants, I referred this to the relevant internal department for their information. If we can be of further assistance please do not hesitate to revisit our web site or alternatively telephone us on the number below. Regards Rhonda Floyd Customer Services Team McDonald's Customer Services Department 11 - 59 High Road East Finchley London N2 8AW Tel: 03705 244622
FUCK MCDONALD'S
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mattimann
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December 19, 2017, 03:43:00 PM |
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Good Morning Jimbo
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bitserve
Legendary
Offline
Activity: 1834
Merit: 1477
Self made HODLER ✓
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December 19, 2017, 03:43:56 PM |
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Are alts going with or against btc now?
Alts are doing exactly what they did early this year (may?). They rise crazily and when they finish most of the profits come back to BTC and they stall for a few months while BTC rise. I don't see any reason for that behaviour not to repeat this time. The question is... have they finished with the crazy rise or is there anything left to go? Donno. BCH, on the other hand, keeps doing its thing as a BTC contrarian.
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JimboToronto
Legendary
Offline
Activity: 4172
Merit: 4816
You're never too old to think young.
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December 19, 2017, 03:44:35 PM |
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Jimbo on a rampage with forum bug. Annoying as phuque. Kept going to cloudflare, kept retrying, kept getting that annoying "another reply has been posted you may wish to review" message, finally find out I'd posted the same message a half dozen times. I then wasted almost as much time deleting the extraneous messages. Perhaps Theymos should consider disabling that annoying message during DDoS attacks or other periods of stress on the servers.
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mattimann
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December 19, 2017, 03:48:42 PM |
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Good Morning Jimbo
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posi
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December 19, 2017, 03:54:31 PM |
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Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. 2. Bitcoin doesn't rise. 3. Some altcoin rises 50-100-300---% in 2-3 days. 4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss. 5. Now let's buy altcoins 1,2, 3,... 6. Yupee, they rise 10%! I'm rich! 7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken! 8. Finally, exchange is working. I'll wait to get back where I bought it. 9. Oh, no! Alts lose another 50-80%!!! 10. Ok, let's sell now! 11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it! 12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum. 13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it! 14. Let's buy now. 14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.
Balance at the end of the year:0
thats so true . hold has worked for me so far Holding of bitcoin is the best but the reason behind the current dip in price is cause by the act of bitcoin trader been too emotional . The reason behind it was the S.Korean exchange been hacked twice while the N.Korea were accused by the US government of been behind the Ransonware that occur this year.
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Raja_MBZ
Legendary
Offline
Activity: 1862
Merit: 1505
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December 19, 2017, 04:01:45 PM |
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Are alts going with or against btc now?
Alts are doing exactly what they did early this year (may?). They rise crazily and when they finish most of the profits come back to BTC and they stall for a few months while BTC rise. I don't see any reason for that behaviour not to repeat this time. The question is... have they finished with the crazy rise or is there anything left to go? Donno. BCH, on the other hand, keeps doing its thing as a BTC contrarian. Yes, alts behave like that right after bitcoin calms down a bit. However, I think it should get over any time now. Bitcoin is due for $20k, any price less than that is no more suitable for it. There's probably gonna be a bloody pump soon for bitcoin with which it'll cross $20k and alts will definitely bleed.
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RejectedBanana
Sr. Member
Offline
Activity: 406
Merit: 551
I am a banana.
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December 19, 2017, 04:07:19 PM |
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Most of the traders are too emotional to make real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. [...] 14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.
Balance at the end of the year:0
So much. So many people approaching me asking about altcoins ("it's rising so fast and much better because x,y,z bla") just to come back to me a week later telling me that they bought back into BTC. I've got a different dilemma. I started out all BTC. Then I added 10% LTC which promptly fell to less than 1% during the 2014-2016 drought. So pitiful I couldn't even be bothered to sell. Then holy shit the chikun arose and now miraculously makes up 20% of my stash! Meanwhile, during the clone wars, airdrops and forks started appearing left and right... Lumens, Byteball, Bitcore, BeeeeeCash, BitGold, popping up like arcade games bonuses, pew pew! I ditched all the shitforks, but the shitalts I diversified just for giggles, representing less than 1% of my stash. But now these shitalts are worth like 5% of my stash and growing. Together with LTC, we're talking 25% of my stash! Every time I think, ok NOW is the time to convert to BTC, the pile of shit keeps just keeps growing! I've got total decision paralysis over this. Sell the shit, keep the shit, sell the shit, keep the shit?!? Meanwhile, the pile of shit has become sentient and starting to talk back to me and has even possessed Brian Kelly, who's screaming buy the shit, buy the shit!!! Holy mother, who's next, Jim Cramer? Booyah!
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