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Author Topic: I hope it crashes hard so I can buy for FAIR price!  (Read 1219 times)
InYourFace (OP)
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September 07, 2013, 03:41:29 PM
Last edit: September 07, 2013, 05:53:19 PM by InYourFace
 #1

Bitcoin really works on my nerves. The thing always goes up. I hope it crashes hard so I can buy coins cheap for fair price and laugh with all those permabulls and greedy panick buyers that have been pushing up the price way beyond adoption rate.  Angry

Fuck them. Crash sucker! $60 is all I need to load the boat.  Grin


For those who use reason when making investment decisions: If you look at amount of transactions it's pathetic. It only doubled since 2012 (25k/day vs 50k/day today) yet price is 10 times more now in 2013 ( avg $10 in 2012 vs $100 this year).

If you look at 2011 (5k/day) vs 2012 (25k/day), transactions fivefolded. And indeed average price only doubled from 2011 ($5) to 2012 ($10). So you may say, we are just catching up?

Yet if you look at 2010, transactions were only 500 per day and average price $0.1. So what happened in 2011? Transactions indeed 10 folded to 5k/day, but the price went from $0.1 to an average of $5, that is fiftyfolding.

So, from what I see the first bubble in 2011 raised the price way beyond adoption. Than it corrected in 2012 and adoption catched up. 2013 we have again a bubble where the price has been going up way more as adoption. And I really hope we will see a correction again so that adoption catches up and for that eather price must stay around $100 for a year, or we must hit $60 within a few months.

Again, bitcoiners may say fuck you to fundamentals, so I'm not counting on it. But I'm hoping and I'm wishing all those not respecting fundamantals and pushing up price yet again will burn their greedy fingers. *insert devil laughing face*  Cool
Anon135246
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September 07, 2013, 03:50:39 PM
 #2

We are way to late for buying BTV for a fair price. We should've bought back in 2009 Sad
monbux
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September 07, 2013, 03:54:44 PM
 #3

Lol your own fault for missing the drop to $50 a few months ago.
DrJoeGrine
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September 07, 2013, 03:58:13 PM
 #4

Bitcoin really works on my nerves. The thing always goes up. I hope it crashes hard so I can buy coins cheap for fair price and laugh with all those permabulls and greedy panick buyers that have been pushing up the price way beyond adoption rate.  Angry

Fuck them. Crash sucker! $60 is all I need to load the boat.  Grin


As to support my case: If you look at amount of transactions it's pathetic. It only doubled since 2012 (20k/day), yet price is 10 times more. And If you look at 2011, it only doubled to 2012., And indeed price also only doubled from 2011 to 2012.

I'm not saying price will correct to adoption rate, sure we can go for a decade to come into fantasy valuation. I just hope it won't.

Keep waiting for $60. LOLZ.

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September 07, 2013, 04:03:25 PM
 #5

if it drops to 60$ it will be for like half a second before it starts recovering and climbing again














 

 

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InYourFace (OP)
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September 07, 2013, 04:10:49 PM
 #6

if it drops to 60$ it will be for like half a second before it starts recovering and climbing again

That's enough Wink
aceking
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September 07, 2013, 04:16:33 PM
 #7

lol  Grin Grin
InYourFace (OP)
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September 07, 2013, 04:18:28 PM
 #8

Lol your own fault for missing the drop to $50 a few months ago.

Yeah, well bitcoin being bitcoin, I'll likely get another chance.

Bitcoin is alright, it's those erratic emotional newbie speculators here that I'm gonna teach a lesson.

Buy all you want at $130, and dream about all the riches that will come to you.

I'll take your coins for half price when you start thinking about the gutter you might end up in if you don't liquidate some.  Grin
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September 07, 2013, 04:24:08 PM
 #9

the price is always fair if you believe in the currency to rise...

InYourFace (OP)
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September 07, 2013, 04:26:05 PM
 #10

We are way to late for buying BTV for a fair price. We should've bought back in 2009 Sad

Bullshit. In 2009 the thing was way to uncertain. Now we have a lot more evidence it's gonna be a good investment.

There was a fair and even cheap price in 2010, and in 2012. Likely we will get a fair and maybe even cheap price again in 2014.

Be patient!
marcovaldo
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September 07, 2013, 04:27:58 PM
 #11

the price is always fair if you believe in the currency to rise...

And never if you believe in the currency to decrease

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Wozzoo
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September 07, 2013, 04:30:47 PM
 #12

I would not count on it dropping to $60 atm. I think the price at 125 is already fair enough...
InYourFace (OP)
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September 07, 2013, 04:39:02 PM
 #13

the price is always fair if you believe in the currency to rise...

I believe in the long term it will rise, in the short term it will fall.

So if you invest for the long term only, then I agree the price is fair.

But most here also invest for the short term and then the price is TOO HIGH.
InYourFace (OP)
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September 07, 2013, 04:45:49 PM
 #14

Bitcoin really works on my nerves. The thing always goes up. I hope it crashes hard so I can buy coins cheap for fair price and laugh with all those permabulls and greedy panick buyers that have been pushing up the price way beyond adoption rate.  Angry

Fuck them. Crash sucker! $60 is all I need to load the boat.  Grin

Keep waiting for $60. LOLZ.

Keep waiting for $266. LOLZ Wink
marcovaldo
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September 07, 2013, 04:55:51 PM
 #15

I would not count on it dropping to $60 atm. I think the price at 125 is already fair enough...

It might decrease to 100 (support) though

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hayek
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September 07, 2013, 05:04:25 PM
 #16

Fair is one of the worst words ever invented for the English language.

Fair means you didn't do something someone else did and now you're spiteful
InYourFace (OP)
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September 07, 2013, 05:16:20 PM
 #17

Fair is one of the worst words ever invented for the English language.

Fair means you didn't do something someone else did and now you're spiteful

I don't mean it that way. In financial analyses, 'fair value' means a price that does not value the company too high, or too low. A price that corresponds with the profit margin it makes and the growth potential it has. The market influences that price, sometimes the market pays a lot less than fair, sometimes a lot more.

When valuing currencies, you cannot use profit margin, but you can use amount of transactions (actual growth), and potential growth. I think I show clearly in the opening post that based on amount of transactions we are not at 'fair value' but are overvalued. Since 'potential growth' is the same today as it was a year ago this is not a valid counterargument.

I'm not spiteful or jealous I think. I am pissed.
DrJoeGrine
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September 07, 2013, 05:21:53 PM
 #18

Pissed that you missed out. LOLZ.  Cheesy

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September 07, 2013, 05:22:33 PM
 #19

Pissed that you missed out. LOLZ.  Cheesy

"Scared money don't make no money."

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InYourFace (OP)
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September 07, 2013, 05:31:00 PM
 #20

Pissed that you missed out. LOLZ.  Cheesy

LOLZ Smiley

Ok, I'll admit, if my boat would have been loaded already I would not feel pissed with those greedy speculators Grin

Would still think it to be overvalued short term though  Kiss

Next time however I DONT sell anymore!!!!!  Roll Eyes

Now be a good boy and CRASH!!!!  Grin




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