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Author Topic: I sold out yesterday hoping it would fall..  (Read 2142 times)
ajax3592
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November 25, 2013, 04:06:15 PM
 #21

Don't worry mate it will surely fall to about $500, 30-40% of the BTC users are traders and will certainly sell to book profits.

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November 25, 2013, 06:34:15 PM
 #22

Looks like half of the topics leads to this discussion. If you are scared of risk in investment, don't buy bitcoin. If you can't miss the money, don't buy bitcoin. If you believe bitcoin will always remain a tou for traders, don't buy bitcoin. It can only go two ways, you'll get rich or it will bust and leave you with zero return.

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November 25, 2013, 10:39:50 PM
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The most recent rally has been huge. Certainly looks like a significant dip is possible

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November 26, 2013, 04:44:04 AM
 #24

It can only go two ways, you'll get rich or it will bust and leave you with zero return.

I don't know about that.  I don't think it will ever go to zero.  For one thing, even when the media decides that it has failed to catch on and declares it dead, there will stil be true believers mining and collecting coins.  Bitcoin will forever be an important part of history, and there will always be people who want a piece of it.

The media declared Esperanto dead about 75 years ago, but today there are still about 100,000 people around the world who speak it, think it's a great idea, and still hope it will eventually succeed.  100 years ago people were probably saying that in 100 years either everybody would speak it, or nobody would, but they were wrong.

If the media declared today that Bitcoin had failed and should be abandoned, would you stop mining and delete your wallets?  How long would you continue to be a supporter?

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November 26, 2013, 07:18:57 AM
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It can only go two ways, you'll get rich or it will bust and leave you with zero return.

I don't know about that.  I don't think it will ever go to zero.  For one thing, even when the media decides that it has failed to catch on and declares it dead, there will stil be true believers mining and collecting coins.  Bitcoin will forever be an important part of history, and there will always be people who want a piece of it.

The media declared Esperanto dead about 75 years ago, but today there are still about 100,000 people around the world who speak it, think it's a great idea, and still hope it will eventually succeed.  100 years ago people were probably saying that in 100 years either everybody would speak it, or nobody would, but they were wrong.

If the media declared today that Bitcoin had failed and should be abandoned, would you stop mining and delete your wallets?  How long would you continue to be a supporter?
The problem is if media decides that Bitcoin should be dead, then you won't be able to see such large gains in small periods of time, it won't be volatile. Its value will only then be true indicator of money taken to mine a single coin...
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