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HappyFunnyFoo (OP)
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August 05, 2011, 09:57:12 PM |
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 We're at the 'denial' stage right now! Prepare for more pain  |
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Ridi
Member
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Activity: 200
Merit: 11
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August 05, 2011, 10:20:55 PM |
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Yay I could use a point of maximum financial opportunity
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AliceinCrypto.com Progressive Free 2 Play + Play 2 Earn Fantasy Fight Game with its own Exclusive NFT Collection▐ ▌ WIN A TESLA CYBERTRUCK | $60,000 in BTC | $50,000 in ETH | and MORE! | ▐ ▌ |
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Oldminer
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Activity: 1022
Merit: 1001
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August 05, 2011, 10:22:19 PM |
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We're at the 'denial' stage right now! Prepare for more pain This ^^ |
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JoelKatz
Legendary
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Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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August 05, 2011, 11:34:35 PM |
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If only that chart were to scale and had numbers on it.
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I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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wumpus
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August 05, 2011, 11:35:24 PM |
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I'm still stuck at "optimism" |
Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through File → Backup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts. |
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neptop
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August 05, 2011, 11:41:59 PM |
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Then we should simply wait for the next optimism+ phases to sell, I guess?
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BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
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FlipPro
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Activity: 1764
Merit: 1015
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August 05, 2011, 11:52:03 PM |
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Then we should simply wait for the next optimism+ phases to sell, I guess?
THIS  |
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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August 06, 2011, 12:04:45 AM |
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Then we should simply wait for the next optimism+ phases to sell, I guess?
Sell low Buy High |
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DavinciJ15
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August 06, 2011, 01:26:23 AM |
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Then we should simply wait for the next optimism+ phases to sell, I guess?
Sell low Buy High What is low? and what is high? |
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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August 06, 2011, 01:33:01 AM |
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What is low? and what is high?
Never mind - i think this game may be too complicated for you  |
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wumpus
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August 06, 2011, 01:37:48 AM |
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What is low? and what is high?
They are relative to each other. As long as you sell for less than you bought for, you're doing it right. |
Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through File → Backup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts. |
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JoelKatz
Legendary
Offline
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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August 06, 2011, 01:50:03 AM |
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What is low? and what is high?
They are relative to each other. As long as you sell for less than you bought for, you're doing it right. So I should, say, buy 100 bitcoins for $1,200 and then sell them for $900 -- less than I bought them for? |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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The Script
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August 06, 2011, 02:34:11 AM |
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What is low? and what is high?
They are relative to each other. As long as you sell for less than you bought for, you're doing it right. Uh....this doesn't sound quite right. Try again.  |
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GeniuSxBoY
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August 06, 2011, 02:34:27 AM |
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I'd say we are in capitulation...cuz we just had the panic
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Be humble!
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Jack of Diamonds
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August 06, 2011, 02:35:25 AM |
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What is low? and what is high?
They are relative to each other. As long as you sell for less than you bought for, you're doing it right. So I should, say, buy 100 bitcoins for $1,200 and then sell them for $900 -- less than I bought them for? That's what 'day traders' seem to do every day. It notches down a bit and you sell everything. The volume charts don't lie, it must be in some perverse, distorted way, be profitable since everyone is doing it. (Or people really have nerves of.. Tin wire) |
1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
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wumpus
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August 06, 2011, 09:03:51 AM |
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What is low? and what is high?
They are relative to each other. As long as you sell for less than you bought for, you're doing it right. Uh....this doesn't sound quite right. Try again. It exactly describes the Oldminer school of speculation: Sell low
Buy High
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Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through File → Backup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts. |
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TiagoTiago
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August 06, 2011, 09:29:59 AM |
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Long term it's only going up, so i'm not being optimist, i'm being realist.
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(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar! |
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Cluster2k
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Activity: 1692
Merit: 1018
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August 06, 2011, 10:58:12 AM |
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Long term it's only going up, so i'm not being optimist, i'm being realist.
Long term it's going down, so I'm not being a pessimist, I'm being a realist. $9.30 at the moment and getting close to that $9 wall that inevitably disappears as the price approaches that level. Bitcoin has been in a slide since the $30 intra day high several months ago. I have yet to see anything that would cause that trend to reverse. Its often been said that bitcoin's price goes down on weekends. We've had one hell of a long weekend so far. |
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eof
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August 06, 2011, 02:06:17 PM |
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There are three classes of bitcoin investors; (disclaimer) I don't know how much research has been done into this, I have done none and am going to make up numbers.
Bitcoin early adopter / fan boys. Most of the wealth (and many of the people.. I have not been watching the board numbers, but if IRC is any indication..) in the forum probably fall into this category; they think BTC is hot sexiness that the world needs and this implementation has a good shot. Most of the wealth here has been from mining, early entrepreneurial endeavors, and to a lesser extent early cash investments. Despite the BTC epic fall from 31; most of these people are in the BLACK.
Bitcoin recent adopters, regular people. These people more likely didn't hear about bitcoin until more recently (deep into the 4->31 rally), or didn't immediately "get" bitcoin when they did hear about it. They have thrown more cash in, and their mining efforts have paid off less. A lot of this money came in when bitcoin was rallying above 10, thus most of these people are in the RED.
Fat cats / Govt Money. I can only speculate that the govt has bought a fair number of bitcoins; throwing a couple million bucks at something is nothing to them, and it would be silly not to have some of these at their disposal. Maybe not though. What definitely happened though, is that people who don't give two shits about bitcoin saw an amazing market; counted up total supply (<7M !!) and saw a good buy. This is primarily what caused the rally (and will inevitably cause the next). Smart managers made good money on this rally; but inevitably a lot of these firms/rich people lost money as well. Since they don't "get" bitcoin and only see a falling market, these are the most likely panic sellers, etc. Take the loss and move on; without a deep understanding and faith in bitcoin, this is the rational mode of action I imagine these firms to be taking.
The 2nd and third groups are probably past or in the 'panic' stage. The first group, you're probably right, is in the denial stage. That being said the people who "get" bitcoin probably believe bitcoin will be >31 USD again in the not too distant future. I think they are right; but time will tell.
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bitjet
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August 06, 2011, 03:38:09 PM |
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I could have sold it all off at 30 and been quite happy with the huge return, BUT I believe in the principle of bitcoin. Its an awesome idea and I will take a loss to support such a fantastic opportunity of economic freedom.
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