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Author Topic: Look back and move forward  (Read 202 times)
cynical (OP)
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February 12, 2018, 11:34:38 AM
Merited by QuestionAuthority (5), suchmoon (4), Pursuer (2), aoluain (1), lite (1)
 #1

In this time of Fear Uncertainty and Doubt it is sometimes good to look back at what has gone before.
We should learn from other threads from late 2016, through to the latter half of 2017.
There were so many threads asking if it was the right time to buy Bitcoin because the price was rising but some people still doubted it would last.

So here are a few older threads which could be interesting and helpful for these current times and to learn to BUY NOW and have no regrets.

Warning These are big threads, I have listed the thread start date, the title, the link and the approx. price of BTC at that time.

September 30, 2016, Bitcoin is a good investment now, because... https://bitcointalk.org/index.php?topic=1631600.0 (bitcoin price - $605)

July 06, 2017, Is it too late to buy bitcoin? https://bitcointalk.org/index.php?topic=2006434.0 (bitcoin price - $2864)

August 06, 2017, regret by not believing in BITCOIN? https://bitcointalk.org/index.php?topic=2068454.0 (bitcoin price - $3252)

October 19, 2017, when is the right time to invest on bitcoin https://bitcointalk.org/index.php?topic=2288662.0 (bitcoin price - $5411)

We wont be going back to those prices above and we may not be visiting sub $10,000 after this current low spell so buy now.

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February 12, 2018, 11:37:03 AM
 #2

Yes. The market of crypto-currency is very cyclical and when there are falling and market growth, we can even watch the release of the same news, which several months. It is not necessary to succumb to panic, earning on crypto-currencies and investing in them.

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cynical (OP)
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February 13, 2018, 07:43:38 AM
 #3

Hmmm i suppose there would be a certain amount of repetition in the markets and reactions to its movement.
I wonder if anyone in the past did any other analysis into this?
At a time of a bitcoin price dip was there a reason, and what was the reaction?
I think we all know the reaction from people in general and the price rise that followed the dip.

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February 13, 2018, 07:56:22 AM
 #4

Yes, I don't think the price of bitcoin will go down any more. It will continue to rise, and now is a good time to buy.
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February 13, 2018, 08:04:13 AM
 #5

In this time of Fear Uncertainty and Doubt it is sometimes good to look back at what has gone before.
We should learn from other threads from late 2016, through to the latter half of 2017.
There were so many threads asking if it was the right time to buy Bitcoin because the price was rising but some people still doubted it would last.

So here are a few older threads which could be interesting and helpful for these current times and to learn to BUY NOW and have no regrets.

Warning These are big threads, I have listed the thread start date, the title, the link and the approx. price of BTC at that time.

September 30, 2016, Bitcoin is a good investment now, because... https://bitcointalk.org/index.php?topic=1631600.0 (bitcoin price - $605)

July 06, 2017, Is it too late to buy bitcoin? https://bitcointalk.org/index.php?topic=2006434.0 (bitcoin price - $2864)

August 06, 2017, regret by not believing in BITCOIN? https://bitcointalk.org/index.php?topic=2068454.0 (bitcoin price - $3252)

October 19, 2017, when is the right time to invest on bitcoin https://bitcointalk.org/index.php?topic=2288662.0 (bitcoin price - $5411)

We wont be going back to those prices above and we may not be visiting sub $10,000 after this current low spell so buy now.

I think that sometimes we really have to hold ba k and looking back there really been a lot of tribulations and oprressings on the cryptocurrency but I still know and looking forward to more years with how we can handle and immerse ourselves into the conversation for cryptocurrency because of how it goes in our minds and the results would still be handed to us

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February 13, 2018, 09:52:16 AM
 #6

I always like these posts that look at old threads from the history and see what people are saying about prices. I don't care about whether they were right or wrong but it is pretty interesting to see the mindset at that point and hopefully if you were around at those dates you can see what kind of mindset you yourself had and if it was right or wrong. it can give you some good experience too.

some fun history can be found if you dig too deep like this: https://bitcointalk.org/index.php?board=57.16120
then you can find gems from the old days like this one: https://bitcointalk.org/index.php?topic=57279.0
which is basically kwukduck saying bitcoin is dead and will fall from $7.5 to $0.7

Only Bitcoin
korean1999
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February 13, 2018, 09:59:34 AM
 #7

In this time of Fear Uncertainty and Doubt it is sometimes good to look back at what has gone before.
We should learn from other threads from late 2016, through to the latter half of 2017.
There were so many threads asking if it was the right time to buy Bitcoin because the price was rising but some people still doubted it would last.

So here are a few older threads which could be interesting and helpful for these current times and to learn to BUY NOW and have no regrets.

Warning These are big threads, I have listed the thread start date, the title, the link and the approx. price of BTC at that time.

September 30, 2016, Bitcoin is a good investment now, because... https://bitcointalk.org/index.php?topic=1631600.0 (bitcoin price - $605)

July 06, 2017, Is it too late to buy bitcoin? https://bitcointalk.org/index.php?topic=2006434.0 (bitcoin price - $2864)

August 06, 2017, regret by not believing in BITCOIN? https://bitcointalk.org/index.php?topic=2068454.0 (bitcoin price - $3252)

October 19, 2017, when is the right time to invest on bitcoin https://bitcointalk.org/index.php?topic=2288662.0 (bitcoin price - $5411)

We wont be going back to those prices above and we may not be visiting sub $10,000 after this current low spell so buy now.
This is a fairly comparable table. But I do not think it will happen in 2018. I do not believe in miracles. But the price of bitcoin will still be over $ 7000 in 2018.
I need more practical evidence of this similarity. The investment in bitcoin is a very difficult decision for me and I need more data. Anyway thank you very much for the data sheet.

cynical (OP)
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February 13, 2018, 11:41:17 AM
 #8

I always like these posts that look at old threads from the history and see what people are saying about prices. I don't care about whether they were right or wrong but it is pretty interesting to see the mindset at that point and hopefully if you were around at those dates you can see what kind of mindset you yourself had and if it was right or wrong. it can give you some good experience too.

some fun history can be found if you dig too deep like this: https://bitcointalk.org/index.php?board=57.16120
then you can find gems from the old days like this one: https://bitcointalk.org/index.php?topic=57279.0
which is basically kwukduck saying bitcoin is dead and will fall from $7.5 to $0.7

Its funny alright, some things dont really change.

Here is a quote from one of the example threads,
it is almost similar to what some people are thinking now,
will I buy now or wait for an extra fall?
will I buy now before it goes up?

If only we could go back 6 years $6.50 per bitcoin...
we would buy at the $7.XX price without comment or hesitation.

SO lesson to all, BUY NOW

"Hindsight is perfect vision, Foresight is a blessing"

I think this correction is very healthy. People are not yet ready to buy at $7+. I for one am thrilled for the possibility of still getting coins at $5.x which seems likely at this point. Or even at low $6.x.

This correction will reverse very quickly once it hits the $5.x area. Hopefully I can get some cheap ones before it's too late.

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February 13, 2018, 12:06:09 PM
 #9

This always feels like it's too late, but until now, bitcoin has been every time cheap when we though he was too late  Cheesy

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February 13, 2018, 12:35:52 PM
 #10

Interesting chronography of posts. I'm still amused the statements of goldman sachs every year the same: bitcoin is a soap bubble, bitcoin will collapse, etc. And he keeps on growing and growing. The market is cyclical, if the market of cryptocurrency will develop, then we will see new high.

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February 13, 2018, 12:43:34 PM
 #11

In this time of Fear Uncertainty and Doubt it is sometimes good to look back at what has gone before.
We should learn from other threads from late 2016, through to the latter half of 2017.
There were so many threads asking if it was the right time to buy Bitcoin because the price was rising but some people still doubted it would last.

So here are a few older threads which could be interesting and helpful for these current times and to learn to BUY NOW and have no regrets.

Warning These are big threads, I have listed the thread start date, the title, the link and the approx. price of BTC at that time.

September 30, 2016, Bitcoin is a good investment now, because... https://bitcointalk.org/index.php?topic=1631600.0 (bitcoin price - $605)

July 06, 2017, Is it too late to buy bitcoin? https://bitcointalk.org/index.php?topic=2006434.0 (bitcoin price - $2864)

August 06, 2017, regret by not believing in BITCOIN? https://bitcointalk.org/index.php?topic=2068454.0 (bitcoin price - $3252)

October 19, 2017, when is the right time to invest on bitcoin https://bitcointalk.org/index.php?topic=2288662.0 (bitcoin price - $5411)

We wont be going back to those prices above and we may not be visiting sub $10,000 after this current low spell so buy now.

Good points to be honest, its so important to take a step out of the immediate firing line and look back at it all with perspective. If at any of those dates you said BTC will be worth what it is now you'd gladly accept.
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February 13, 2018, 12:45:37 PM
 #12

Yes. The market of crypto-currency is very cyclical and when there are falling and market growth, we can even watch the release of the same news, which several months. It is not necessary to succumb to panic, earning on crypto-currencies and investing in them.

sometimes it's a disturbing thing, when there are also people who panic to immediately sell it. The main focus is on ourselves to stay calm and cool. We also have to address any information or news about crypto that is circulating in the community.

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February 13, 2018, 01:15:53 PM
 #13

In this time of Fear Uncertainty and Doubt it is sometimes good to look back at what has gone before.
We should learn from other threads from late 2016, through to the latter half of 2017.
There were so many threads asking if it was the right time to buy Bitcoin because the price was rising but some people still doubted it would last.

So here are a few older threads which could be interesting and helpful for these current times and to learn to BUY NOW and have no regrets.

Warning These are big threads, I have listed the thread start date, the title, the link and the approx. price of BTC at that time.

September 30, 2016, Bitcoin is a good investment now, because... https://bitcointalk.org/index.php?topic=1631600.0 (bitcoin price - $605)

July 06, 2017, Is it too late to buy bitcoin? https://bitcointalk.org/index.php?topic=2006434.0 (bitcoin price - $2864)

August 06, 2017, regret by not believing in BITCOIN? https://bitcointalk.org/index.php?topic=2068454.0 (bitcoin price - $3252)

October 19, 2017, when is the right time to invest on bitcoin https://bitcointalk.org/index.php?topic=2288662.0 (bitcoin price - $5411)

We wont be going back to those prices above and we may not be visiting sub $10,000 after this current low spell so buy now.

People that do not have guts are just panicking and not seeing the good sides of Bitcoin. Well, it will not be our fault if the tides turn on their side.
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February 13, 2018, 01:21:54 PM
 #14

Just when you think it's over ... suddenly it pumps back again and that's too harder than ever before .. even I think that this low value won't come afterwards for a very long time ..
People can literally be millionaires if one used this opportunity in a better way.
And one needs to know that Bitcoins won't die because this kind of situation have arrised more than 150 times but they are still standing strong!!
So one shouldn't doubt and be patient.

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February 13, 2018, 01:57:08 PM
 #15

Regretting what we did in the past will not help us to evolve or to develop ourselves, nothing will happen if we are always going to look back and discourage ourselves that everything is too late, that is not true. Many people are asking if it is too late to buy bitcoin since the price is too high for them to buy something like that, well let me say this, the time when you could say that it is too late is when there is no bitcoin anymore, but there is still bitcoin, so it is not too late to invest or do bitcoin.
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February 13, 2018, 03:44:31 PM
 #16

Bitcoin is likely a cry and smile games of traders ? Somes didn't belive in it already cried in the last 2 months but i'm seeing all of them are smiling and mocking us about how potiental and perfect Bitcoin is.

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February 13, 2018, 03:50:53 PM
 #17

Good article to motivate us members but below 5,400$ is pretty reachable as we did reached 5,900$ last week and I don't think it is the lowest that Bitcoin can get this February. Since we are not breaking the current down trend yet the chances of re-visiting other price points are high and I don't think it is a bad thing because it is our chance to accumulate more Bitcoin by shorting it. Majority of the traders are also bearish on it as they have the same conclusion that the long term chart so no signs of reversals.
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February 13, 2018, 04:04:37 PM
 #18

I think $10k can reasonably be considered the new floor as soon as the exchange rate crosses it again. If, in the future, you want to consider that you bought in cheap, any time now is a good time to buy. You’ve been warned.

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February 13, 2018, 04:06:19 PM
 #19

I agree completely with the above
I do not understand why all the people start to panic so sharply
This is just the beginning of the crypto currency, and bitcoin has not yet collapsed and everyone is already dropping their hands
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February 13, 2018, 04:14:45 PM
 #20

I think $10k can reasonably be considered the new floor as soon as the exchange rate crosses it again. If, in the future, you want to consider that you bought in cheap, any time now is a good time to buy. You’ve been warned.
If we break the resistance at 9,5K then 10K and beyond is achievable. I'm sure in case it breaks through it will become a strong support since its a physiological level. Well, I'm sure the current rate is still good enough rate to buy Bitcoin, since Bitcoin already get a lot of attention lately.
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