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Author Topic: Most Bitcoin speculators are at the 'denial' stage of the crash  (Read 12335 times)
bitjet
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August 06, 2011, 03:38:09 PM
 #21

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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kokjo
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You are WRONG!


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August 06, 2011, 05:30:11 PM
 #22

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.

I agree.
I think, couple years in future you can buy car with 20BTC
WRONG! 3 cars.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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August 06, 2011, 06:29:07 PM
 #23

If you look hard enough you might be able to find a car for about the value of 20 BTC today, maybe even one that runs.  Cheesy

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August 06, 2011, 07:18:38 PM
 #24

I think that graph is epic. I decided to post something constructive instead of blatantly trolling the forums. Cheesy
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August 06, 2011, 10:37:08 PM
 #25

i agree i think that graph is epic lol

but i know its wrong!
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August 06, 2011, 11:13:48 PM
 #26

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.


+1
+1
+1
 Smiley
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August 06, 2011, 11:24:25 PM
 #27

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.

That is still significantly more than the few cents it was just a few months ago. When i say long term i really mean LONG term.

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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elements
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August 06, 2011, 11:43:12 PM
 #28

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.

That is still significantly more than the few cents it was just a few months ago. When i say long term i really mean LONG term.

how do you define longterm? 6 months , a year, ten years, a hundred years, a thousand years???

please be more precise Wink

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darkwon
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August 07, 2011, 12:01:36 AM
 #29

Entered the 'Fear' stage now, desperation coming up soon Smiley

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August 07, 2011, 12:02:35 AM
 #30

Entered the 'Fear' stage now, desperation coming up soon Smiley

lol love this graph. Yes must continue to include it in my speculation analysis...

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August 07, 2011, 12:52:30 AM
 #31

We're at the 'denial' stage right now!  Prepare for more pain Smiley
Oh I'm waaay past the denial, panic and desperation stage... I'm in the zen "watching the crazy world go by and laughing" stage right now...
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August 07, 2011, 12:54:13 AM
 #32



We're at the 'denial' stage right now!  Prepare for more pain Smiley

Anyone who bought near the top is in the depression stage ATM IMO  Shocked
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August 07, 2011, 05:38:44 PM
 #33

There's not likely to be an upswing at the end.  When a company's stock goes low enough, it may be worth buying if they have production capacity and a market.  A company may become profitable when its capital costs decline.  Or at least it may be able to cover its operating costs. (Venture capitalists call this "zombie mode", where a startup can't possibly pay back its investors but can cover its operating expenses.  Companies can limp along in zombie mode for years.)

But Bitcoin generates no revenue. It's a pure speculation, a pyramid scheme, really,  In the end, it will go to 0.
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August 07, 2011, 05:42:20 PM
 #34

But Bitcoin generates no revenue. It's a pure speculation, a pyramid scheme, really,  In the end, it will go to 0.
then why are you still here?

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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August 07, 2011, 05:50:41 PM
 #35

Chart predicted it.

+1 chart.
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August 07, 2011, 06:13:37 PM
 #36

This model is way too simplistic. There are not even bull and bear traps present. I'd say that we have classical bear trap here during 'smart money' stage.

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August 07, 2011, 06:40:18 PM
 #37

But Bitcoin generates no revenue. It's a pure speculation, a pyramid scheme, really,  In the end, it will go to 0.

That sounds familiar. Where could I have heard that....

Quote
But gold generates no revenue. It's a pure speculation, a pyramid scheme, really,  In the end, it will go to 0.

Ah. Right.

(No, bitcoin isn't as highly valued as gold, but it's sure not worthless.)

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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
Bitcoin Swami
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August 07, 2011, 06:52:34 PM
 #38

This chart a little better at mirroring bitcoins chart.

GeniuSxBoY
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August 07, 2011, 07:00:26 PM
 #39

So what happens after "return to mean"
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August 07, 2011, 08:05:27 PM
 #40

The 100-day moving average is 13.50$.
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