BEAR TRAP :)

[Boxman90]

Zeroday, haven't heard from you in a while. How are you doing, my mate?

[zeroday]

Waiting for a wire to be deposited today and hope this bear trap won't slam before I buy at lowest rate

[Boxman90]

Hahaha delusion at its finest.

[MatTheCat]

Waiting for a wire to be deposited today and hope this bear trap won't slam before I buy at lowest rate

Got any more hilarious face palm images for us 'Bears'?

I only turned into a bear a few hours before the crash yet you still managed one for me....actually, I think yours was a 'Double Face Palm - For Times When One Face Palm Isn't Enough'

Hilarious stuff.

[amadeo]

Hahaha delusion at its finest.

And denial too!

[zeroday]

So, do you suppose bitcoin is going to $0 ? 

Right after April's crash i bought at $100 and then even at $60. Now it's the most profitable investment in my life.

[MatTheCat]

So, do you suppose bitcoin is going to $0 ? 

Right after April's crash i bought at $100 and then even at $60. Now it's the most profitable investment in my life.

We have another "I sold at $900 and bought at $400" merchant here!

You hero, you must be so pleased.

I suppose all your 'face palming' of bears and hyperbole of Btc going to the moon right up until 5 minutes before the crash must have been to draw in the foolish money to buy your expensive coins before you bought back in at a 50% discount?

Gotta hand it to you, that was one slick move!

[zeroday]

MatTheCat, I didn't sell. I'm only buying.

[hermann1983]

I guess everyone understands that recent dip has been caused by a manipulation.

Those who sold in panic, at least got a costly lesson and hopefully won't repeat it again.

Those who hold their coins, will enjoy notable gains soon.

I sold at 680 and bought back at 490  

This is the IRS. Please report your gains immediately. Non-compliance will be regarded as domestic terrorism and treated as such.

Thank you for your cooperation.

Daniel Werfel

Nope, it is just play money until exchange actually send you the money.

[MatTheCat]

MatTheCat, I didn't sell. I'm only buying.

I sold. Everything.

And I aint buying.

Not right now.

Probably not for another few weeks until Btc finds a stable bottom.

[Boxman90]

So, do you suppose bitcoin is going to $0 ?  

Right after April's crash i bought at $100 and then even at $60. Now it's the most profitable investment in my life.

Right, and that pattern will just carry on and repeat forever "just because".



Bitcoin has become extremely volatile at extremely high volumes. Millions of dollars in single trades. Every time someone pumps in 1 million USD (2k BTC) into bitcoin, and pushes the price up by say 100 USD, the market cap magically rises by 1.2 BILLION USD - though only 1 million USD flowed into bitcoin.

Free money does not exist.

The volatility at this liquidity is rapidly destroying bitcoin, stripping it of any true investment value. For now, anyway. New money from new users is not going to flow in after a bubble burst, no matter how good the news. Any buys now are made by speculators. Buying for long-term investment at this stage is nothing but gambling.

Once it is stable for a few weeks/months at a pricerange it manages to stay within 1 percent of, THEN there might be some investment value into bitcoin. Right now; steer the fuck clear of bitcoin unless you're a daytrader and have balls of steel.

[niothor]

Well , this world it's so full of bear traps and bull traps , I need a metal detector to get out of the house.

[MatTheCat]

The volatility at this liquidity is rapidly destroying bitcoin, stripping it of any true investment value. For now, anyway. New money from new users is not going to flow in after a bubble burst, no matter how good the news. Any buys now are made by speculators. Buying for long-term investment at this stage is nothing but gambling.

Once it is stable for a few weeks/months at a pricerange it manages to stay within 1 percent of, THEN there might be some investment value into bitcoin. Right now; steer the fuck clear of bitcoin unless you're a daytrader and have balls of steel.

Conventional wisdom which will be subscribed to by the vast majority of those holding investment capital. Thus, the near term future for Bitcoin is from here pretty easy to see.

Good common sense post. Had you made it a couple of days ago though, I would have braced myself for the flurry of 'Face Palm's' and 'Doesn't understand Bitcoin' posts.

[zeroday]

April's panic was much worse with absolutely negative media coverage.
Now it's different situation and I'm expecting it will recover fast.

[MatTheCat]

April's panic was much worse with absolutely negative media coverage.
Now it's different situation and I'm expecting it will recover fast.

Yes. One thing is certain, is that this event will not play out as a carbon copy of April's spike n crash, just as April's never played out in the fashion of July 2011's crash.

I for expected for Btc to go much lower than it did and to consolidate over a much longer period of time than it actually did. I did however correctly predict that the exact same thing would happen all over again and I swore to myself to profit from the next one, which I did to a certain extent.

So what do I expect now? I expect Btc to go not nearly as relatively low as it did before and for yet another parabolic spike followed by flash crash to occur, within a relatively short time frame. Because this is such an obvious conclusion to come to, you can bet that things will out just a little bit differently from what I and everyone else expects.

[zeroday]

Now it's $540. Probably the trap is slamming.
Seems I missed it at $400+

[MatTheCat]

Now it's $540. Probably the trap is slamming.
Seems I missed it at $400+

Then be sure to catch $300 when it comes.

[Mirsad]

Now it's $540. Probably the trap is slamming.
Seems I missed it at $400+

Allready sold again. Much profit to take from scared people.

[Mirsad]

Of course. Buying allways on the right side of a peak and selling on the left.

[niothor]

Of course. Buying allways on the right side of a peak and selling on the left.

Of course , everybody on this forum is "trading like a boss". Buy low , sell high , o yeah. Too bad it ain't happening for many in RL.