Preparing for the BIG FEAST!

[Kakmakr]

Well at the very least I know it will not go below $1000, but if it does then I will be happy to buy those coins from people who do not want them anymore. Bitcoin will be stronger and better after August 1.

This is what you think, now

And likely many others think along the same lines, today. But if Bitcoin crashes from its current heights (which we kind of got used already) to below 1,000 dollars per coin (i.e. more than 2 times), the market will be stricken with panic, fear, and horror. If you would have bitcoins then, you would be cursing yourself that you hadn't sold out when the price was over 2,000 dollars. Do you really think that you will be able to buy anything then? When the price crashed from 1,200 to 750 dollars, this was exactly what I had been waiting and hoping for (yeah, I expected Bitcoin to bottom at 750 dollars). I bought some coins at that price but still a lot less than I first planned to buy when the price was at 1,200 dollars. In fact, no one can tell for sure how they will actually act in such cases

Bitcoin has dropped from $1200 to $400 before and everyone was going on about this being the end of Bitcoin and 1 year later we passed $1000 again and look at where we are now. < $2300 > We should just leave these NEWBIES to panic, so that we can fill our pockets with all these cheap coins. They have to learn from their mistakes, like we have learned from ours. A lot of us took some financial knocks in the past, when we panicked and if they do not listen to us, then they will have to hit their heads.

It is funny to see NEWBIES running around like chickens without a head, but we were in their shoes a few years ago and we also did not want to listen to any advice. ^smile^   

Obviously, you missed the whole point of my post

This is not about just newbies panicking, it is about the whole market writhing in horror and puking its guts out. If it had been just for the newbies alone, Bitcoin wouldn't have crashed from over 1,100 dollars in 2013 to below 200 dollars per coin in early 2015 (yeah, it crashed below 200 dollars, down to 170 dollars per coin). Though I agree, it would be fun to watch how your sentiment would change if you bought at the highs with your whole capital and instead of profits you saw the price sliding down 2,000 dollars

I never invest more than what I can afford to lose and for that reason I can take bigger risks. If you go All in with Bitcoin, then you should prepare for the consequences that might result from that decision. People who does that is greedy and they have not considered or they have ignored the risks.

In every investment you have to classify it's risk level. < Low / medium / high > I class Bitcoin as a high risk investment, because this is still highly experimental.

Reduce the risks by not taking profits early on and rather work towards a situation where you reach your return on investment level or you exceed it, like I did. < Only then you are risk-free >

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[freedomno1]

The feast is to be had it just depends what chips you want to play with example big chips assume the main coin or small chips where a few pennies can make phenomenal returns due to volatility.
Assuming stuff happens of course well only 2 weeks does a BFL to find out.

[deisik]

Well at the very least I know it will not go below $1000, but if it does then I will be happy to buy those coins from people who do not want them anymore. Bitcoin will be stronger and better after August 1.

This is what you think, now

And likely many others think along the same lines, today. But if Bitcoin crashes from its current heights (which we kind of got used already) to below 1,000 dollars per coin (i.e. more than 2 times), the market will be stricken with panic, fear, and horror. If you would have bitcoins then, you would be cursing yourself that you hadn't sold out when the price was over 2,000 dollars. Do you really think that you will be able to buy anything then? When the price crashed from 1,200 to 750 dollars, this was exactly what I had been waiting and hoping for (yeah, I expected Bitcoin to bottom at 750 dollars). I bought some coins at that price but still a lot less than I first planned to buy when the price was at 1,200 dollars. In fact, no one can tell for sure how they will actually act in such cases

Bitcoin has dropped from $1200 to $400 before and everyone was going on about this being the end of Bitcoin and 1 year later we passed $1000 again and look at where we are now. < $2300 > We should just leave these NEWBIES to panic, so that we can fill our pockets with all these cheap coins. They have to learn from their mistakes, like we have learned from ours. A lot of us took some financial knocks in the past, when we panicked and if they do not listen to us, then they will have to hit their heads.

It is funny to see NEWBIES running around like chickens without a head, but we were in their shoes a few years ago and we also did not want to listen to any advice. ^smile^   

Obviously, you missed the whole point of my post

This is not about just newbies panicking, it is about the whole market writhing in horror and puking its guts out. If it had been just for the newbies alone, Bitcoin wouldn't have crashed from over 1,100 dollars in 2013 to below 200 dollars per coin in early 2015 (yeah, it crashed below 200 dollars, down to 170 dollars per coin). Though I agree, it would be fun to watch how your sentiment would change if you bought at the highs with your whole capital and instead of profits you saw the price sliding down 2,000 dollars

I never invest more than what I can afford to lose and for that reason I can take bigger risks. If you go All in with Bitcoin, then you should prepare for the consequences that might result from that decision. People who does that is greedy and they have not considered or they have ignored the risks

Everyone is wise after the event and in hindsight

When you consistently make profits and the price steadily grows, it is hard not to invest more and more. And it is not about being greedy or exceptionally greedy, we are all like that since otherwise we wouldn't be investing in the first place at all. We see that we can earn more profits and start making more when we set more capital to work. This is how market fools us into investing all or more than we would otherwise want to invest (after the price collapses)

[virasog]

I just sold a few coins to enable me to be ready to buy a bunch of coins when the NEWBIE panic kicks in. I always have some spare fiat available for situations like this, but I think this will be the BIG FEAST. We have a pressure cooker building here with all the confusion over the uncertainty surrounding the scaling after the 1st of Aug 2017. A lot of NEWBIES and SPECULATORS are just watching the price and have no idea what is happening with the technology and this results in a Panic Sell going on. ^smile^

I am now 100% ready to buy CHEAP coins, when it starts to rain. Now it is all about timing, to see if I can maximize my profits from this event. ^lol^

Bring it on! and Show me the Money!

Are you sure you will have a chance of buying very cheap bitcoins this time with the help of FUD and NEWS. I do not think a big crash can come because bitcoin is a thing which is in demand and for the things which are in demand they do not crash too much. If you want ti buy, you can buy it currently at 2300$ and it will go up from here.
If you see, no one is able to dump bitcoin below 2200$, even though bad news of bitcoin is spread widely.  This shows the interest of people in bitcoin.

[UFCkid]

I just sold a few coins to enable me to be ready to buy a bunch of coins when the NEWBIE panic kicks in. I always have some spare fiat available for situations like this, but I think this will be the BIG FEAST. We have a pressure cooker building here with all the confusion over the uncertainty surrounding the scaling after the 1st of Aug 2017. A lot of NEWBIES and SPECULATORS are just watching the price and have no idea what is happening with the technology and this results in a Panic Sell going on. ^smile^

I am now 100% ready to buy CHEAP coins, when it starts to rain. Now it is all about timing, to see if I can maximize my profits from this event. ^lol^

Bring it on! and Show me the Money!

Are you sure you will have a chance of buying very cheap bitcoins this time with the help of FUD and NEWS. I do not think a big crash can come because bitcoin is a thing which is in demand and for the things which are in demand they do not crash too much. If you want ti buy, you can buy it currently at 2300$ and it will go up from here.
If you see, no one is able to dump bitcoin below 2200$, even though bad news of bitcoin is spread widely.  This shows the interest of people in bitcoin.

Well someone managed to do it - currently at $1900.

Careful what you predict, just makes you look the fool when you're wrong.

[fabiorem]

We depend on the newbies for the price to increase.

Without the newbies, the market will not recover.

And if there's such a bad impression of bitcoin, those newbies will never come back to it. And this will make recover harder for bitcoin.

That's why I say to not panic sell your coins. Just keep holding.

Fortunatelly those newbies are still a minority of the population, or bitcoin would never recover.

The more people holding and using it for payments, the higher the price will go, but the worse will be the falling.

That's why I support both SegWit and SegWit2x. It's not the time to increase the block size yet, but might happen in the future in case the network grows even more. The miners are wrong in pushing it to three months after SegWit, there's no need for it yet, they have to wait the network grow and only then increase the block size. And the network will NOT grow if there's widespread panic.

You can laugh at the newbies all you like, but you still depends on them for the price to increase.

There's no inflation with bitcoin, the number of coins is limited and that's the reason why it increases the price.

If people lose confidence there's no reason to buy more bitcoins, even by cheap price, because they will not recover.

[CyberKuro]

I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

And here we are, on $1825 right now as the lowest point at coinbase. People keep spreading bad news about bitcoin and many people believe those news. On the other side, daily traders could make big profits during this uncertain big drop of bitcoin price. On the edge of hope, we're watching the price and keep in faith that it will rise so significant after segwit implementation. Just prepare your cash to cover daily expenses, so you do not trap at the moment when you desperate need cash while bitcoin price below $1800.

[Kakmakr]

I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

And here we are, on $1825 right now as the lowest point at coinbase. People keep spreading bad news about bitcoin and many people believe those news. On the other side, daily traders could make big profits during this uncertain big drop of bitcoin price. On the edge of hope, we're watching the price and keep in faith that it will rise so significant after segwit implementation. Just prepare your cash to cover daily expenses, so you do not trap at the moment when you desperate need cash while bitcoin price below $1800.

Yip, I think we have reached the turning point now, and if I get back in now, I would still make $500 or more on every coin I buy, if it returns to previous levels and even $1000 per bitcoin, if it goes to $3000 this time. I also want to avoid the mad rush, when people start buying again.

Coinbase and other exchanges are notorious for not being able to handle the traffic, when there is a mad rush to buy, so I want to avoid that too. I do not want to miss out on this one, because I think this one is going to be the big one. ^smile^

[deisik]

I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

And here we are, on $1825 right now as the lowest point at coinbase. People keep spreading bad news about bitcoin and many people believe those news. On the other side, daily traders could make big profits during this uncertain big drop of bitcoin price. On the edge of hope, we're watching the price and keep in faith that it will rise so significant after segwit implementation. Just prepare your cash to cover daily expenses, so you do not trap at the moment when you desperate need cash while bitcoin price below $1800.

Yip, I think we have reached the turning point now, and if I get back in now, I would still make $500 or more on every coin I buy, if it returns to previous levels and even $1000 per bitcoin, if it goes to $3000 this time. I also want to avoid the mad rush, when people start buying again.

Coinbase and other exchanges are notorious for not being able to handle the traffic, when there is a mad rush to buy, so I want to avoid that too. I do not want to miss out on this one, because I think this one is going to be the big one. ^smile^

That might be a bull trap

Or a dead-cat bounce that we see right now. We may yet to see a lot of pain ahead, so I wouldn't be particularly enthusiastic about this rebound (or a "tipping point" as you call it). It may turn out to be a trap where incautious and reckless bulls will run into. In other words, that would be too simple and too easy to end up like this. Anyway, Litecoin continues to make local highs in bitcoins, so if you don't want to play these game and fall victim to greedy pice manipulors, you know where to hide

[Kakmakr]

I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

And here we are, on $1825 right now as the lowest point at coinbase. People keep spreading bad news about bitcoin and many people believe those news. On the other side, daily traders could make big profits during this uncertain big drop of bitcoin price. On the edge of hope, we're watching the price and keep in faith that it will rise so significant after segwit implementation. Just prepare your cash to cover daily expenses, so you do not trap at the moment when you desperate need cash while bitcoin price below $1800.

Yip, I think we have reached the turning point now, and if I get back in now, I would still make $500 or more on every coin I buy, if it returns to previous levels and even $1000 per bitcoin, if it goes to $3000 this time. I also want to avoid the mad rush, when people start buying again.

Coinbase and other exchanges are notorious for not being able to handle the traffic, when there is a mad rush to buy, so I want to avoid that too. I do not want to miss out on this one, because I think this one is going to be the big one. ^smile^

That might be a bull trap

Or a dead-cat bounce that we see right now. We may yet to see a lot of pain ahead, so I wouldn't be particularly enthusiastic about this rebound (or a "tipping point" as you call it). It may turn out to be a trap where incautious and reckless bulls will run into. In other words, that would be too simple and too easy to end up like this. Anyway, Litecoin continues to make local highs in bitcoins, so if you don't want to play these game and fall victim to greedy pice manipulors, you know where to hide

Even if it is and it drops much lower, I only lose more profits, because I got back in on a higher price. I would rather get in back now and avoid all the mess that is going to happen close to the 1st of Aug 2017. People will continue trading up to that date, and then they will try to move the coins to safe storage, when it will be very congested on exchanges.

This is not a strategy to make more profits, but rather a method to avoid the peak traffic. ^smile^

[valvevow]

I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

And here we are, on $1825 right now as the lowest point at coinbase. People keep spreading bad news about bitcoin and many people believe those news. On the other side, daily traders could make big profits during this uncertain big drop of bitcoin price. On the edge of hope, we're watching the price and keep in faith that it will rise so significant after segwit implementation. Just prepare your cash to cover daily expenses, so you do not trap at the moment when you desperate need cash while bitcoin price below $1800.

Yip, I think we have reached the turning point now, and if I get back in now, I would still make $500 or more on every coin I buy, if it returns to previous levels and even $1000 per bitcoin, if it goes to $3000 this time. I also want to avoid the mad rush, when people start buying again.

Coinbase and other exchanges are notorious for not being able to handle the traffic, when there is a mad rush to buy, so I want to avoid that too. I do not want to miss out on this one, because I think this one is going to be the big one. ^smile^

That might be a bull trap

Or a dead-cat bounce that we see right now. We may yet to see a lot of pain ahead, so I wouldn't be particularly enthusiastic about this rebound (or a "tipping point" as you call it). It may turn out to be a trap where incautious and reckless bulls will run into. In other words, that would be too simple and too easy to end up like this. Anyway, Litecoin continues to make local highs in bitcoins, so if you don't want to play these game and fall victim to greedy pice manipulors, you know where to hide

Even if it is and it drops much lower, I only lose more profits, because I got back in on a higher price. I would rather get in back now and avoid all the mess that is going to happen close to the 1st of Aug 2017. People will continue trading up to that date, and then they will try to move the coins to safe storage, when it will be very congested on exchanges.

This is not a strategy to make more profits, but rather a method to avoid the peak traffic. ^smile^

We just need to survive on August 1. Until this date, I'm even afraid to look at the price of bitcoins. Despite the fact that I'm optimistic, I transferred some of my coins to fiat, and some to alternative coins. But I really want to go back to bitcoin. This coin quite suited me

[Kakmakr]

I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

And here we are, on $1825 right now as the lowest point at coinbase. People keep spreading bad news about bitcoin and many people believe those news. On the other side, daily traders could make big profits during this uncertain big drop of bitcoin price. On the edge of hope, we're watching the price and keep in faith that it will rise so significant after segwit implementation. Just prepare your cash to cover daily expenses, so you do not trap at the moment when you desperate need cash while bitcoin price below $1800.

Yip, I think we have reached the turning point now, and if I get back in now, I would still make $500 or more on every coin I buy, if it returns to previous levels and even $1000 per bitcoin, if it goes to $3000 this time. I also want to avoid the mad rush, when people start buying again.

Coinbase and other exchanges are notorious for not being able to handle the traffic, when there is a mad rush to buy, so I want to avoid that too. I do not want to miss out on this one, because I think this one is going to be the big one. ^smile^

That might be a bull trap

Or a dead-cat bounce that we see right now. We may yet to see a lot of pain ahead, so I wouldn't be particularly enthusiastic about this rebound (or a "tipping point" as you call it). It may turn out to be a trap where incautious and reckless bulls will run into. In other words, that would be too simple and too easy to end up like this. Anyway, Litecoin continues to make local highs in bitcoins, so if you don't want to play these game and fall victim to greedy pice manipulors, you know where to hide

Even if it is and it drops much lower, I only lose more profits, because I got back in on a higher price. I would rather get in back now and avoid all the mess that is going to happen close to the 1st of Aug 2017. People will continue trading up to that date, and then they will try to move the coins to safe storage, when it will be very congested on exchanges.

This is not a strategy to make more profits, but rather a method to avoid the peak traffic. ^smile^

We just need to survive on August 1. Until this date, I'm even afraid to look at the price of bitcoins. Despite the fact that I'm optimistic, I transferred some of my coins to fiat, and some to alternative coins. But I really want to go back to bitcoin. This coin quite suited me

It was a safe move, but it might be too early to panic 12 days before the event. You should still keep say 40% of your coins on trading platforms, until the last 2 days before that event to capitalize on the short term chaos. < price volatility > It is during these periods when you make most of your money. < buying low and selling high >

I guess for some it is better safe than sorry. ^smile^

[Drnice]

I just sold a few coins to enable me to be ready to buy a bunch of coins when the NEWBIE panic kicks in. I always have some spare fiat available for situations like this, but I think this will be the BIG FEAST. We have a pressure cooker building here with all the confusion over the uncertainty surrounding the scaling after the 1st of Aug 2017. A lot of NEWBIES and SPECULATORS are just watching the price and have no idea what is happening with the technology and this results in a Panic Sell going on. ^smile^

I am now 100% ready to buy CHEAP coins, when it starts to rain. Now it is all about timing, to see if I can maximize my profits from this event. ^lol^

Bring it on! and Show me the Money!

Being careful at this point too is important otherwise, reverse will be the case.