this is amazing!

[jasonjm]

Every single chinese speculator who bought bitcoins at any price is sitting on profits, some of them massive profits.

100% of them!!!

literally every single one, and not a single one can be short, or hedged, or on the wrong side of options, so 100% of them are sitting on big to massive profits!!! all in less than 30 days.... the kind of returns you lucky to get in the stock market in 5 to 10 years.

In all my years I have never ever ever seen anything like this, such a one sided state of affairs, it's blowing my mind.

[sStC9]

Every single chinese speculator who bought bitcoins at any price is sitting on profits, some of them massive profits.

100% of them!!!

literally every single one, and not a single one can be short, or hedged, or on the wrong side of options, so 100% of them are sitting on big to massive profits!!! all in less than 30 days.... the kind of returns you lucky to get in the stock market in 5 to 10 years.

In all my years I have never ever ever seen anything like this, such a one sided state of affairs, it's blowing my mind.

It's all a happy story until it crashes and people go kill themselves over it

[wobber]

AAAND THE CRASH WILL BE HARD!

[Manna]

nah I would say if you are a good trader, investor you could double your equity in 3 years in stock markets
In forex it takes 1 year, if you are really good trader, mentally and intelligent.

[dominicwin]

I really can't even comprehend how fast things have gone up!

[jasonjm]

yeah i don't know what happens next but just seeing what I am seeing is nothing other than amazing. I am telling you my brain is totally amazed.
I have no clue what happens next because I have never seen this before.

and this is now with real money, not that BS april thing that happened before, I can see orders of $100 000s flowing through in single buys and sells.

no offence to any of you still long, but just so I can witness something equally as amazing, I would like to see a crash of the same magnitude, because I will never forget this run up, ever, so a crash to match would complete the amazement x 2. But I am hoping it runs higher first, stretch the elastic band to the moon ...... and back lol

[Tirapon]

nah I would say if you are a good trader, investor you could double your equity in 3 years in stock markets
In forex it takes 1 year, if you are really good trader, mentally and intelligent.

Whereas in crypto you can make 10 times your investment in a year if you just buy and then do nothing. Seems that people have trouble with the doing nothing part though, a lot of them end up selling at a loss instead...

[Bitcopia]

nah I would say if you are a good trader, investor you could double your equity in 3 years in stock markets
In forex it takes 1 year, if you are really good trader, mentally and intelligent.

90% of Forex traders lose.

[jasonjm]

i an seeing orders on gox go through for 200+ coins...... buys

who in their wacky mind keeps close to $200 000 USD on gox?

that also blows my mind, you cannot withdraw anything but leave $200 000 usd on gox?

I think BTC people have cahones the size of watermelons

[windjc]

yeah i don't know what happens next but just seeing what I am seeing is nothing other than amazing. I am telling you my brain is totally amazed.
I have no clue what happens next because I have never seen this before.

and this is now with real money, not that BS april thing that happened before, I can see orders of $100 000s flowing through in single buys and sells.

no offence to any of you still long, but just so I can witness something equally as amazing, I would like to see a crash of the same magnitude, because I will never forget this run up, ever, so a crash to match would complete the amazement x 2. But I am hoping it runs higher first, stretch the elastic band to the moon ...... and back lol

Wow, Jasonjm.  What a change of tone from 2 days ago.  

Bitcoin is here to stay. We were announced to the world in front of congress today. #1 trending topic in Google. Chinese government promoting it on national tv.

This is just the tip of the iceberg. Prepare to be amazed.

[jasonjm]

i am seeing orders on gox go through for 200+ coins...... buys

who in their wacky mind keeps close to $200 000 USD on gox?

that also blows my mind, you cannot withdraw anything but leave $200 000 usd on gox?

I think BTC people have cahones the size of watermelons

[Tirapon]

yeah i don't know what happens next but just seeing what I am seeing is nothing other than amazing. I am telling you my brain is totally amazed.
I have no clue what happens next because I have never seen this before.

and this is now with real money, not that BS april thing that happened before, I can see orders of $100 000s flowing through in single buys and sells.

no offence to any of you still long, but just so I can witness something equally as amazing, I would like to see a crash of the same magnitude, because I will never forget this run up, ever, so a crash to match would complete the amazement x 2. But I am hoping it runs higher first, stretch the elastic band to the moon ...... and back lol

It will crash eventually like it did in April, but probably not as hard - maybe it will drop to 1/3 of the peak before it gets bought back up. And there will be endless threads of, 'I told you it was a bubble' with the replies of, 'whatever, just hold and wait for it to recover and go even higher'

[jasonjm]

yeah i don't know what happens next but just seeing what I am seeing is nothing other than amazing. I am telling you my brain is totally amazed.
I have no clue what happens next because I have never seen this before.

and this is now with real money, not that BS april thing that happened before, I can see orders of $100 000s flowing through in single buys and sells.

no offence to any of you still long, but just so I can witness something equally as amazing, I would like to see a crash of the same magnitude, because I will never forget this run up, ever, so a crash to match would complete the amazement x 2. But I am hoping it runs higher first, stretch the elastic band to the moon ...... and back lol

Wow, Jasonjm.  What a change of tone from 2 days ago.  

Bitcoin is here to stay. We were announced to the world in front of congress today. #1 trending topic in Google. Chinese government promoting it on national tv.

This is just the tip of the iceberg. Prepare to be amazed.

only ignorant people can't change their minds by the way (and admit they are wrong).

however I still am not saying I am wrong, that will come much later if I am wrong.

but right now I am amazed (not wrong or right)


LOL gox selling off but BTC-china is like - what? chickens........ lol

[chriswen]

the thing is bitcoin doesn't have a lot of liquidity.  And as seen during other bubbles not everyone can sell at the top.  And it just matters how far the price slides.

Bitcoin is not like a fiat stock but its like when the stock market crashes.  Everyones like woah, all this wealth just got destroyed overnight but maybe it just wasn't ever there.

[jasonjm]

the wealth isn't there that is what I have been saying all along

A seller that sells and has no intention of buying back (such as myself) removes that money from the system and it is gone.... for good.

the only thing holding the value are the parked buy orders of new incoming money.....  now if people were using their coins like crazy to buy stuff and millions were travelling in circles every day, that would work. But that is not what is happening, there is masses of hoarding and speculation, I would wager 99% of coins are in this hoard and speculate camp.

There are a total of less 200 000 bids across all exchanges down to $100, and 12 million coins floating around - that is what made me very very nervous. What if 5% of people decide to hell with this, it's christmas and I am cashing in! who buys those 600 000 coins? yeah they will be bought..... but where? at $50? at $20?


same thing on way up - there were total of 10 000 coins across all exchanges for sale from $500 to $1000. Thats about $12 million. So one big buy of $12 million puts btc at $1000 - on all exchanges. However that increases market cap of BTC by $6 000 000 000  ......   500 to 1 leverage ratio on the way up. So now you have somehow created $6 billion of wealth with $12 million? Bernanke would be proud.

and that is why I am out.

[HappyBitCoinUser]

So now you have somehow created $6 billion of wealth with $12 million? Bernanke would be proud.

Best quote of the week!

[bennybong]

I just sold 1btc for £500! Madness!

[jasonjm]

So now you have somehow created $6 billion of wealth with $12 million? Bernanke would be proud.

Best quote of the week!

lol so tell me I am not crazy - because you also see this? right?

btc china new high coming, a 50% drop in a few minutes wasn't scary enough for them, good buying opportunity!

[JimboToronto]

I just sold 1btc for £500! Madness!

I agree. Selling is madness.

 

[alexeft]

I just sold 1btc for £500! Madness!

I agree. Selling is madness.

 

Yup! It is!