AirFlame
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September 19, 2014, 11:30:06 AM |
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When this shit happens (large dumps) i always talk to myself what goes down must come up.
Well, next time I jump from a high cliff I will try it. I don't know how to explain this again: THERE WILL BE NO MORE BUBBLES. You have to understand that pushing down the price so many times it's not healthy, and it's just a question of time when it will not raise again. It can't go forever, market will loose its faith in it, and then there's no bull or whatever, that can push up the price in the world ever again. The bitcoin game is over, as long as you can manipulate the market this way with less than 1.000.000 USD. It's a joke, any government of the world could destroy bitcoin at any moment it wants.I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever. There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless. Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money. First of all You need to understand Bitcoin is not a money is a way to send money. Bitcoin is not only market its technology. Its a way to send cheep money from one point to another and pay 0,5 cents. And this is what i love in bitcoin. And if You don't understand that You will be always be sad when price go down.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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ShroomsKit
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September 19, 2014, 11:30:20 AM |
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When this shit happens (large dumps) i always talk to myself what goes down must come up.
Yeah because this will happen till eternity. Bitcoin crashes, you pick up cheap coins and it goes up back again.
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10218
Self-Custody is a right. Say no to"Non-custodial"
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September 19, 2014, 11:33:41 AM |
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Because my overinvested investments are underwater I have to invest alot more to hedge..
I wonder how this will end...
Don´t! Honestly, just don´t . Don´t start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck. I don't see myself having much choice here I initially sold at 520 but for some reason bought back at 520 days later. If I would have just literally waited ONE MINUTE I would be all good and would be making alot of money right now because it immidately went down later and I would had no plans to buy back in in case it would go lower You can wait 1-2 weeks more? Srsly, why do you want to go leverage long in a massive cowntrend? I don´t even say that you should sell your BTC. But leverage long right now is the way to lose everything. I wouldn´t start any fresh leverage position right now. If you´re in a green short from above 420$ you´re probably ok, when you have set your losses. I would rather recommend to gamble on black/red roulette in a casino thatn leverage long right now. But that´s just my opinion. Be careful At what price would you say is a clear trend reversal? 500? 550? Wait for a massive volume downspike and after it shoots up at least 25% and stays there for a time, and everything else looks bullish that´s the time when you wan´t to go all in. This could be at 150-350$. Probably t30%lower than in your worst expectations. You´ll know it then you see those 3-4k BTC buys happening Podyx has to decide for himself whether he wants to leverage or NOT and whether he wants to buy on the way down or buy on the way up... I think Podyx already knows the concept of buy on the way down and sell on the way up... but surely there are variations in investment strategies.. and Podyx needs to find his comfort.. and take with a grain of salt any advice from public forums like this... .. We are NOT investment advisors and we are NOT able to see his whole investment package, even though he had given us several specifics.. .
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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September 19, 2014, 11:34:24 AM |
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10218
Self-Custody is a right. Say no to"Non-custodial"
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September 19, 2014, 11:37:09 AM |
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rpietila has now admitted that this might be the final capitulation. it's perhaps the final capitulation. Even the permabulls are starting to see the truth. You are likely citing out of context (that's why you provided only a snip-it).... All fun and jokes, I suppose.
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ImI
Legendary
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Activity: 1946
Merit: 1019
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September 19, 2014, 11:37:21 AM |
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When this shit happens (large dumps) i always talk to myself what goes down must come up.
Ahmmmm....no.
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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September 19, 2014, 11:41:07 AM |
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In previous crashes the ask side would be low for a while. Giving it some room for a bounce back. Not this time. Down it is and these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.
But this is of course a good thing to many here.
Yeah man, it's twilight-zone bizarro world. Yay it's crashing, cheap coins ! To hell that i've lost 50% of what i put in. LoL Lost it?
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esse83
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September 19, 2014, 11:41:50 AM |
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rpietila has now admitted that this might be the final capitulation. it's perhaps the final capitulation. Even the permabulls are starting to see the truth. You are likely citing out of context (that's why you provided only a snip-it).... All fun and jokes, I suppose. I have very little commented Bitcoin's price during the last months. It is soon 7 months that I bought my shorts back and now I am just waiting the price to rise, to enable me to sell and gain financial resources - or not rise, in which case I continue to concentrate on forum education and less money-consuming activities.
The buyback average in 2014-2-25 was $449 and the low $382. So we are now at about the same price. This time it feels worse, because the spring that compresses in flashcrashes and catapults the price up, seems to be broken.
If it is broken, then it's perhaps the final capitulation.
Nobody should employ an investment strategy with stop-losses. That is idiotic. If you don't think the investment is valuable (and thus becomes better when it becomes more undervalued), why the heck should you buy it at all? There are valuable things in the world that you can buy instead.
Nobody should gamble more than he can afford to lose. By following this, I am able to wait the price coming down, and at $300 I'll probably cut excess spending, at $200 refocus my time on earning money instead of fooling around and at $100 buy more bitcoins with my renewed positive cash flow.
Interesting to see how it works out. Have to say I am not a major player in this and that is due to another coin that is more mentioned in the Altcoin observer thread.
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mikeh2
Newbie
Offline
Activity: 50
Merit: 0
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September 19, 2014, 11:42:17 AM |
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I don't know how to explain this again: THERE WILL BE NO MORE BUBBLES. You have to understand that pushing down the price so many times it's not healthy, and it's just a question of time when it will not raise again. It can't go forever, market will loose its faith in it
No, faith is increased every time bitcoin is dumped then bounces back.
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niothor
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September 19, 2014, 11:42:30 AM |
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rpietila has now admitted that this might be the final capitulation. it's perhaps the final capitulation. Even the permabulls are starting to see the truth. When I read that he finally admitted something I tough about something totally different.
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akujin
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September 19, 2014, 11:43:29 AM |
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ShroomsKit
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September 19, 2014, 11:45:07 AM |
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I don't know how to explain this again: THERE WILL BE NO MORE BUBBLES. You have to understand that pushing down the price so many times it's not healthy, and it's just a question of time when it will not raise again. It can't go forever, market will loose its faith in it
No, faith is increased every time bitcoin is dumped then bounces back. Right, all these crashes are actually good news. This is good for Bitcoin.
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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September 19, 2014, 11:45:27 AM |
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Ok, that was all. Im losing all my money.
margin call?
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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September 19, 2014, 11:47:52 AM |
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nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz
Totally agree... I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever. There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless. Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money. EDIT: for those idiots who think that this is a good way to buy "cheap" bitcoins: once the market will lost faith in this coin (and this is happening totally now), it doesn't matter how "cheap" you buy something which is worthless. BS
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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September 19, 2014, 11:50:34 AM |
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well their is that rainbow after the storm..if btc goes to 100 usd at least I can see the satisfaction of BFL and KNC going poof me...heh...i still have a miner with the pretty lights and whirly noises...and now it is just an 'eccentric hobby' like bass fishing boat (heh denial it is all I will have left)
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Christianne_Gottlieb
Newbie
Offline
Activity: 38
Merit: 0
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September 19, 2014, 11:50:52 AM |
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bagholders of the world unite!
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raid_n
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September 19, 2014, 11:51:27 AM |
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nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz
Totally agree... I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever. There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless. Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money. EDIT: for those idiots who think that this is a good way to buy "cheap" bitcoins: once the market will lost faith in this coin (and this is happening totally now), it doesn't matter how "cheap" you buy something which is worthless. BS The argument makes no sense because by that logic you can also push the market up. It is unlikely the real whales will let their speculative toy be destroyed. They are more likely just out to collect some bacon
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fonzie
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September 19, 2014, 11:51:48 AM |
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Because my overinvested investments are underwater I have to invest alot more to hedge..
I wonder how this will end...
Don´t! Honestly, just don´t . Don´t start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck. I don't see myself having much choice here I initially sold at 520 but for some reason bought back at 520 days later. If I would have just literally waited ONE MINUTE I would be all good and would be making alot of money right now because it immidately went down later and I would had no plans to buy back in in case it would go lower You can wait 1-2 weeks more? Srsly, why do you want to go leverage long in a massive cowntrend? I don´t even say that you should sell your BTC. But leverage long right now is the way to lose everything. I wouldn´t start any fresh leverage position right now. If you´re in a green short from above 420$ you´re probably ok, when you have set your losses. I would rather recommend to gamble on black/red roulette in a casino thatn leverage long right now. But that´s just my opinion. Be careful At what price would you say is a clear trend reversal? 500? 550? Wait for a massive volume downspike and after it shoots up at least 25% and stays there for a time, and everything else looks bullish that´s the time when you wan´t to go all in. This could be at 150-350$. Probably t30%lower than in your worst expectations. You´ll know it then you see those 3-4k BTC buys happening Podyx has to decide for himself whether he wants to leverage or NOT and whether he wants to buy on the way down or buy on the way up... I think Podyx already knows the concept of buy on the way down and sell on the way up... but surely there are variations in investment strategies.. and Podyx needs to find his comfort.. and take with a grain of salt any advice from public forums like this... .. We are NOT investment advisors and we are NOT able to see his whole investment package, even though he had given us several specifics.. . JayJuanGee, someday when you expect it at least, i will stand right behind you and kick you in your nuts! Thanks for your kind words. They were as always very enlightening!
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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September 19, 2014, 11:53:11 AM |
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Feels so obvious that this is a buying point that probably the opposite will happen
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raid_n
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September 19, 2014, 11:54:43 AM |
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Feels so obvious that this is a buying point that probably the opposite will happen
At the rate things are going at least we will have answers sooner rather than later. Better than all this waiting for something interesting to happen
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