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Author Topic: Long-term trend is up  (Read 2194 times)
lebing
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Enabling the maximal migration


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April 22, 2013, 07:31:29 PM
 #21


Am I supposed to take that troll attempt seriously?

Bro, do you even blockchain?
-E Voorhees
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anu
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April 22, 2013, 07:44:11 PM
 #22


If it looks like a bull trap, smells like a bull trap it is probably a bull trap.

History does not repeat itself, but it rhymes.

Last burst, most people expected Bitcoin to die and never to come back. This time, everyone expects a 3rd, and much bigger bubble than the previous 2. If this really is a dead cat bounce you may loose 60% on the way down. But if you sell off right now and tomorrow Cyprus 2.0 happens in Malta, or possibly in Spain, you miss the train.

I rather risk a loosing half of my gains so far before I watch Bitcoin racing into 4-digit land without me.



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Gordonium
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April 22, 2013, 07:49:11 PM
 #23

I rather risk a loosing half of my gains so far before I watch Bitcoin racing into 4-digit land without me.

This.

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pinger
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Bitcoin - Resistance is futile


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April 22, 2013, 07:55:44 PM
 #24


If it looks like a bull trap, smells like a bull trap it is probably a bull trap.

History does not repeat itself, but it rhymes.

Last burst, most people expected Bitcoin to die and never to come back. This time, everyone expects a 3rd, and much bigger bubble than the previous 2. If this really is a dead cat bounce you may loose 60% on the way down. But if you sell off right now and tomorrow Cyprus 2.0 happens in Malta, or possibly in Spain, you miss the train.

I rather risk a loosing half of my gains so far before I watch Bitcoin racing into 4-digit land without me.



Lets see what news have for us our "beloved leader", Mariano, el corto, Rajoy in the next few days. Spain maybe wake up and move money to Bitcoin.

SlipperySlope
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Stephen Reed


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April 22, 2013, 07:55:57 PM
 #25

Quote
I rather risk a loosing half of my gains so far before I watch Bitcoin racing into 4-digit land without me.

This sentiment is a great example of why bubbles take so long to completely collapse. Losing positions refuse to sell because of fear! Its only when that last willing seller gives up that the bottom is reached. So would you risk 90% of your gains - because that was the situation in bitcoin bubble 1. Traders bought at $17 on the way down to $2.
ElectricMucus
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God of the code.


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April 22, 2013, 08:00:42 PM
 #26

Am I supposed to take that troll attempt seriously?

So you are taking the easy way out: Instead of tackling my arguments you accuse me of trolling.
Cool bro, not that this is anything new.  Roll Eyes
Gatekeeper
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April 22, 2013, 08:04:08 PM
 #27

accuse you of trolling?

every single person who reads this forum knows all you do is troll all day long, you have nothing better to do with your time.

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
anu
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April 22, 2013, 08:05:24 PM
 #28

Quote
I rather risk a loosing half of my gains so far before I watch Bitcoin racing into 4-digit land without me.

This sentiment is a great example of why bubbles take so long to completely collapse. Losing positions refuse to sell because of fear! Its only when that last willing seller gives up that the bottom is reached. So would you risk 90% of your gains - because that was the situation in bitcoin bubble 1. Traders bought at $17 on the way down to $2.

Is it? Indeed, I bought exactly as you say. My first 10 Bitcoin at 17 and my last 5000 at 2. As you can imagine, I am quite happy with my strategy. Thanks to some good selling and buying decisions in bubble 2, I am quite willing to repeat that.


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Odalv
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April 22, 2013, 08:06:52 PM
 #29

Quote
I rather risk a loosing half of my gains so far before I watch Bitcoin racing into 4-digit land without me.

This sentiment is a great example of why bubbles take so long to completely collapse. Losing positions refuse to sell because of fear! Its only when that last willing seller gives up that the bottom is reached. So would you risk 90% of your gains - because that was the situation in bitcoin bubble 1. Traders bought at $17 on the way down to $2.

Bitcoin at $1000 is not a bubble. There are 7B people and only 11M Bitcoins now. If 1% of people (70,000,000) will invest ($1,000 USD small part of salary) then price will go far over $6,364 USD/BTC.

And still very good speculation. There are more money invested in Facebook ($70B) ... stupid chat. :-)
ElectricMucus
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April 22, 2013, 08:09:05 PM
 #30


If it looks like a bull trap, smells like a bull trap it is probably a bull trap.

History does not repeat itself, but it rhymes.

Last burst, most people expected Bitcoin to die and never to come back. This time, everyone expects a 3rd, and much bigger bubble than the previous 2. If this really is a dead cat bounce you may loose 60% on the way down. But if you sell off right now and tomorrow Cyprus 2.0 happens in Malta, or possibly in Spain, you miss the train.

I rather risk a loosing half of my gains so far before I watch Bitcoin racing into 4-digit land without me.



Cyprus didn't have any effect except making the already existing buyers buy more because they expected new buyers, which didn't happen. There are plenty of articles which already debunk this.

You are right that there is a certain level of harmony in those pump & dump cycles. But that is not something that can be analyzed with intuition.
The expectations in this forum are much different than the one the public has. And ultimately that is what matters for a bull market to re-establish itself. Potential new speculative growth potential is near nil, only the cheerleaders and the sheep which follow them are buying at these prices.
Every body else is waiting for the dead cat to stop spinning in mid air and hit the ground again.

You are on your own.
amencon
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April 22, 2013, 08:22:24 PM
 #31

http://www.youtube.com/watch?v=EF_xdvn52As
ElectricMucus
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April 22, 2013, 08:23:59 PM
 #32


That's quite romantic  Smiley
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