Bear is trapped

[zeroday]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

[Ivanhoe]

I feel sorry for some of them, those who were trapped in their emotions. Good learning opportunity though. The ones who were shouting all over the board deserve this however.

[NamelessOne]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

I certainly hope those Big Macs taste good. I was amused today to wake up and find the price at the exact place it was when I woke up yesterday. Would have been fun to try to sell high and buy low on this one but I seriously needed that sleep. In the meantime this is a healthy correction.

[Luzio]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

No reason at all to get all butthurt about it. It is all fair. Some people want profit in usd, others in bitcoin. If you bought at 80 and sold at 230, you made a good profit, good to them, with which you can do lot's of cool things, yolo. I am traveling around the world thanks to profit on Bitcoins, instead of working. So thank you for the profit bulls, keep buying 

[SheHadMANHands]

I no!!!!  We're all the way back to .... where we were 24 hrs ago !!!     Sell sell sell !!!!

The great bubble of our time!

[Xer0]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

I certainly hope those Big Macs taste good. I was amused today to wake up and find the price at the exact place it was when I woke up yesterday. Would have been fun to try to sell high and buy low on this one but I seriously needed that sleep. I the meantime this is a healthy correction.

yeah. and i got to sleep exactly 2h before the drop

[yogi]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

I certainly hope those Big Macs taste good. I was amused today to wake up and find the price at the exact place it was when I woke up yesterday. Would have been fun to try to sell high and buy low on this one but I seriously needed that sleep. I the meantime this is a healthy correction.

yeah. and i got to sleep exactly 2h before the drop

  hehe, me too, missed the whole thing 

[zeroday]

But $195 is still pretty cheap now. Probably we won't see any lower in the future.

[dopamine]

With a parabolic rise we still need a correction... no bear trapp give it time...

[pand70]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

Translation: I bought above 200 and i shit my pants. 

[NamelessOne]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

I certainly hope those Big Macs taste good. I was amused today to wake up and find the price at the exact place it was when I woke up yesterday. Would have been fun to try to sell high and buy low on this one but I seriously needed that sleep. I the meantime this is a healthy correction.

yeah. and i got to sleep exactly 2h before the drop

Yeah same! Two hours, lol. I woke up an hour later and checked the price, still at 230. Wake up in the morning... different story lol.

[mccorvic]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

Translation: I bought above 200 and i shit my pants. 

Me thinks you need to do some work on your translating skillz.

[tutkarz]

Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".

No reason at all to get all butthurt about it. It is all fair. Some people want profit in usd, others in bitcoin. If you bought at 80 and sold at 230, you made a good profit, good to them, with which you can do lot's of cool things, yolo. I am traveling around the world thanks to profit on Bitcoins, instead of working. So thank you for the profit bulls, keep buying 

it's not fair. If someone wants to take profit, then they can just list their bitcoins for sale and earn more money than just dumping them. The only reason people are doing this is to cause panic and grab as much cheaper bitcoins as they can. But people have to grow up.

You know hundreds years ago Mayans was chopping people heads off and they also was thinking that its OK. Now we see it somehow differently. When people will grow up, they will understand that speculating is also wrong because there are winners and losers. Volatile price scares most investors off from bitcoin. If people would not speculate that much everyone would earn more, and everyone who invested would be more happy and calm and could focus on more constructive things to do than watching price for 24h/day.
 Only by cooperating we can have all people winning and this humanity should understand and start consider as normal behaviour. The sooner the better for all.

[Patel]

We needed this correction

[zeroday]

Hurry up. The opportunity for cheap coins is now fading out.

[dopamine]

Correction is not done imo above 215 wont hold...

[NamelessOne]

Correction is not done imo above 215 wont hold...

No need for it to rise back that fast again anyway. Already being back at 214 is a decent feat. It may just consolidate around here to 200 range for a bit. We will see.

[Ipsum]

it's not fair. If someone wants to take profit, then they can just list their bitcoins for sale and earn more money than just dumping them. The only reason people are doing this is to cause panic and grab as much cheaper bitcoins as they can. But people have to grow up.

Listing their bitcoins for sale is exactly what one does in order to dump them.

[Ozymandias]

it's not fair. If someone wants to take profit, then they can just list their bitcoins for sale and earn more money than just dumping them. The only reason people are doing this is to cause panic and grab as much cheaper bitcoins as they can. But people have to grow up.

Listing their bitcoins for sale is exactly what one does in order to dump them.

He is obviously differentiating between a limit and a market order

[foggyb]

it's not fair. If someone wants to take profit, then they can just list their bitcoins for sale and earn more money than just dumping them. The only reason people are doing this is to cause panic and grab as much cheaper bitcoins as they can. But people have to grow up.

You know hundreds years ago Mayans was chopping people heads off and they also was thinking that its OK. Now we see it somehow differently. When people will grow up, they will understand that speculating is also wrong because there are winners and losers. Volatile price scares most investors off from bitcoin. If people would not speculate that much everyone would earn more, and everyone who invested would be more happy and calm and could focus on more constructive things to do than watching price for 24h/day.
 Only by cooperating we can have all people winning and this humanity should understand and start consider as normal behaviour. The sooner the better for all.

And what pray tell is wrong with having winners and losers? The losers are not innocent victims, they know what game they're playing.

This is how markets work, son.

[NamelessOne]

it's not fair. If someone wants to take profit, then they can just list their bitcoins for sale and earn more money than just dumping them. The only reason people are doing this is to cause panic and grab as much cheaper bitcoins as they can. But people have to grow up.

You know hundreds years ago Mayans was chopping people heads off and they also was thinking that its OK. Now we see it somehow differently. When people will grow up, they will understand that speculating is also wrong because there are winners and losers. Volatile price scares most investors off from bitcoin. If people would not speculate that much everyone would earn more, and everyone who invested would be more happy and calm and could focus on more constructive things to do than watching price for 24h/day.
 Only by cooperating we can have all people winning and this humanity should understand and start consider as normal behaviour. The sooner the better for all.

And what pray tell is wrong with having winners and losers? The losers are not innocent victims, they know what game they're playing.

This is how markets work, son.

Hahah I was thinking the same thing. There is no market without both winners and losers. It sounds very nice to say 'oh why can't humanity just all be nice and buy together and all make money, all be winners' but where would people be getting this btc from if it wasn't from other people selling and saying goodbye to it? Only in a true post-scarcity future society would such things be possible. But even if food, water, energy, shelter, wealth can be provided for all people, the next point of scarcity becomes raw matter. Raw matter to be able to 3d print, convert on a molecular/atomic level using nanotech into whatever objects this future society needs. We'd probably have converted ourselves into machines by that point anyway.

[dopamine]

bulls got fed, bears got fed, pigs got slaughtered

waiting for the whales to come in...

[theonewhowaskazu]

bulls got fed, bears got fed, pigs got slaughtered

Bulls got fed, Bears got notes from the FED.

[balanghai]

You can't smoke an alt coin can you? They want to smoke their profit in fiat and then what next?

[telemaco]

bulls got fed, bears got fed, pigs got slaughtered

Bulls got fed, Bears got notes from the FED.

+100 points

[theonewhowaskazu]

You can't smoke an alt coin can you? They want to smoke their profit in fiat and then what next?

And here we have determined the fatal flaw of Bitcoin:

You can't use it to roll a joint.

(Inb4 you can do it with a paper wallet).

[zeroday]

time to buy some 

[wobber]

Who sold everything at 230?

[zeroday]

Who sold everything at 230?

Not too bad. Get ready to catch the moment and buy at $215 soon. Until it's back to $260..

P.S> BtcCNY -3% vs Bitstamp -8%. Western bears need to change pants  

[wobber]

Who sold everything at 230?

Not too bad. Get ready to catch the moment and buy at $215 soon. Until it's back to $260..

P.S> BtcCNY -3% vs Bitstamp -8%. Western bears need to change pants  

Copy what I said and paste it in notepad. or the search bar of your browser.

[BitchicksHusband]

Who sold everything at 230?

When?  Yesterday?

[chrsjrcj]

Who sold everything at 230?

Not me

[chasetopher]

Sold at 240... waiting to buy back in at 23X. Starting to bite my nails, though  

[zeroday]

Seems trap is slammed too fast

[Nemo1024]

Who sold everything at 230?

When?  Yesterday?

Why are people always missing the fine print?

[zeroday]

Another bear is getting trapped.
I hope, guys, you got your lucky coins at $260..

P.S. thanks bears, now I have 200 more BTC

[Boxman90]

Another bear is getting trapped.
I hope, guys, you got your lucky coins at $260..

P.S. thanks bears, now I have 200 more BTC

^ Nope, don't think so. You sound like the typical whiny "missed-the-boat" person. People who genuinely made 200 btc have no need to brag about that on a forum. I bet you bought somewhere in the 360's.

[zeroday]

^ Nope, don't think so. You sound like the typical whiny "missed-the-boat" person. People who genuinely made 200 btc have no need to brag about that on a forum. I bet you bought somewhere in the 360's.

At first, missing boat == NOT BUYING bitcoins and waiting for "<$200" forever. You cannot miss the boat NOT SELLING, which is more likely missing local bus that circulates every hour.

If you check my previous posts, you will see at what prices I've bought and you will see that I predicted a trap. Last time i bought at $355 which is pretty fair.
When I suspected that bear trap may happen, and I even sold a small part of my coins (which is very unusual for me as I'm not speculator). I knew it was risky move but I got rewarded with +200BTC.

[Boxman90]

^ Nope, don't think so. You sound like the typical whiny "missed-the-boat" person. People who genuinely made 200 btc have no need to brag about that on a forum. I bet you bought somewhere in the 360's.

At first, missing boat == NOT BUYING bitcoins and waiting for "<$200" forever. You cannot miss the boat NOT SELLING, which is more likely missing local bus that circulates every hour.

If you check my previous posts, you will see at what prices I've bought and you will see that I predicted a trap. Last time i bought at $355 which is pretty fair.
When I suspected that bear trap may happen, and I even sold a small part of my coins (which is very unusual for me as I'm not speculator). I knew it was risky move but I got rewarded with +200BTC.

Riiiight. To make 200 BTC you'd have to have sold about 1000 at 350 and bought back right at 280. You can't realistically offload 1000BTC at decent prices during a panic drop. I'm calling bullshit, mate.

[BitcoinAshley]

^ Nope, don't think so. You sound like the typical whiny "missed-the-boat" person. People who genuinely made 200 btc have no need to brag about that on a forum. I bet you bought somewhere in the 360's.

At first, missing boat == NOT BUYING bitcoins and waiting for "<$200" forever. You cannot miss the boat NOT SELLING, which is more likely missing local bus that circulates every hour.

If you check my previous posts, you will see at what prices I've bought and you will see that I predicted a trap. Last time i bought at $355 which is pretty fair.
When I suspected that bear trap may happen, and I even sold a small part of my coins (which is very unusual for me as I'm not speculator). I knew it was risky move but I got rewarded with +200BTC.

Riiiight. To make 200 BTC you'd have to have sold about 1000 at 350 and bought back right at 280. You can't realistically offload 1000BTC at decent prices during a panic drop. I'm calling bullshit, mate.

Boxman90, this is the internet. You don't win penis points by calling bullshit on a random trader's claim based on your personal perception that they are "whiny." STFU already 

People do make winning trades in bitcoin and people do make money off of butthurt bears. Get over it already. If the possibility gets your panties all up in a bunch, the least you can do is sulk about it in private rather than accusing other posters of making it all up because of their "whininess" (btw hardly a logical claim - whininess = lying liarface? Or even bragging = lying liarface? Spock would frown. FROWN. And yes you cannot "miss the boat" by not selling.)

[Tirapon]

^ Nope, don't think so. You sound like the typical whiny "missed-the-boat" person. People who genuinely made 200 btc have no need to brag about that on a forum. I bet you bought somewhere in the 360's.

At first, missing boat == NOT BUYING bitcoins and waiting for "<$200" forever. You cannot miss the boat NOT SELLING, which is more likely missing local bus that circulates every hour.

If you check my previous posts, you will see at what prices I've bought and you will see that I predicted a trap. Last time i bought at $355 which is pretty fair.
When I suspected that bear trap may happen, and I even sold a small part of my coins (which is very unusual for me as I'm not speculator). I knew it was risky move but I got rewarded with +200BTC.

Nicely done. I expected a dip over the weekend, and was really tempted to sell on Friday evening around $350 to buy back below $300. But last time I tried to catch a dip, I lost out big time, so I decided against selling...  

Boxman lol, I'm sorry but sounds like you're the whiny one: wishing you had caught the selloff? I know I am! Yeah I'm envious, but I made my descision, fair play to zeroday for making a good call.

[Boxman90]

Boxman90, this is the internet. You don't win penis points by calling bullshit on a random trader's claim based on your personal perception that they are "whiny." STFU already  

People do make winning trades in bitcoin and people do make money off of butthurt bears. Get over it already. If the possibility gets your panties all up in a bunch, the least you can do is sulk about it in private rather than accusing other posters of making it all up because of their "whininess" (btw hardly a logical claim - whininess = lying liarface? Or even bragging = lying liarface? Spock would frown. FROWN. And yes you cannot "miss the boat" by not selling.)

Haha, you don't win that many penis points by telling others to STFU on the internet and making sketchy Star Trek references either.

[Vandroiy]

Riiiight. To make 200 BTC you'd have to have sold about 1000 at 350 and bought back right at 280. You can't realistically offload 1000BTC at decent prices during a panic drop. I'm calling bullshit, mate.

Boxman90, this is the internet. You don't win penis points by calling bullshit on a random trader's claim based on your personal perception that they are "whiny." STFU already 

People do make winning trades in bitcoin and people do make money off of butthurt bears. Get over it already. If the possibility gets your panties all up in a bunch, the least you can do is sulk about it in private rather than accusing other posters of making it all up because of their "whininess" (btw hardly a logical claim - whininess = lying liarface? Or even bragging = lying liarface? Spock would frown. FROWN. And yes you cannot "miss the boat" by not selling.)

How can you have made money off bears in Bitcoin recently? They have certainly profited whenever they turned bears and won't buy back at higher prices. In a highly speculative market like this one, bulls are making profit when they turn to bears -- and that profit comes from other bulls.

@Quote by Boxman90: We have a lot of exchanges doing a lot of volume. Unless you have very detailed information on the trader, offloading 4-digits may be possible at the weirdest times.



As a casually observing bear, I wonder about these weird misconceptions about people being "butthurt" or "whiny" about "missing the boat" -- none of these applies here any more than on Google stocks, gold ten years ago or anything else one did not personally profit from. It's not realistic to assume that everyone suddenly realizes a past prediction as perfect and regrets not having acted upon it, i.e. believes it would have been easy to make that prediction in advance.

You win some, you loose some, and you don't play at all in over 99.9% of possible speculations. Though there can be some emotional attachment to a speculation one might have played in, that's a far shot from regretting not having done so. Could I have made a lot of money on the latest rise? Sure. Did I have a valid and significant prediction of it? No. Is it reasonable to regret not having profited off something that I did not predict? That would be nonsensical.

So when I read the numerous posts that implicitly insult bears for their missed profits -- as opposed to a lack of insight -- I feel more bewildered than offended.