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Author Topic: Most Bitcoin speculators are at the 'denial' stage of the crash  (Read 12334 times)
miscreanity
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August 07, 2011, 11:02:39 PM
 #41

So what happens after "return to mean"

Continuation of the fundamental trend. Wild gyrations may occur around it, but do not change it.
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mizike29
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August 07, 2011, 11:23:05 PM
 #42

I think most of the supporters are still on the optimitstic side, and some random people or jumped in, just got interested or spent money, they get into fear mode too quickly and sell some off.  PLus the miners just droppen some coins to pay fpr there equipment.  IM STILL WAITING FOR MY SEcoND DAMN ATI 6990 been over 2 months now waiting for that thing that could be making me some coins.

walidzohair
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August 09, 2011, 02:42:40 PM
 #43



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

BUt you only forgot one thing .... it is all bearish!!! so the next optimism will be always less than the one before!!!!  Shocked


R.I.P!!!
cypherdoc
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August 09, 2011, 03:29:47 PM
 #44

the OP is just a fool.
mizike29
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August 09, 2011, 08:35:44 PM
 #45

Looks like a nice little recovery, hit a high of 12.1 today, doesnt look much like a failure to me???

HappyFunnyFoo
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August 09, 2011, 11:46:17 PM
 #46

the OP is just a fool.

Cypherdoc, UMADBRO? Bitcoin is a fun experiment, it sounds like you bought coins at $15+ and lost some capital.

Here's why you're mad and in denial Doc: Bitcoin doesn't do anything for you, doesn't generate any dividends, doesn't split and increase in value over a 10-year period, doesn't pay bonuses, can't really be used to buy anything useful in a local (or internet) market, is too volatile to be taken seriously, isn't inherently secure, and could be shut down easily by a sideways fart from the CIA. The only way it increases in value is if the demand from speculators exceeds the demand from mining.  This can only result in a super-bubble with a super collapse.  Keep bitcoin a fun experiment, it's not a place for real money Smiley Sad You'll make more money in the long run holding 10-year U.S. treasuries than holding bitcoins.

UMADBRO!!!!

=========================

This chart a little better at mirroring bitcoins chart.



CowTipper, that's a great chart! I was going more for a general approach to bubbles with my basic chart. Your chart is really better, but it's deceptive in that people could interpret the current position of bitcoin falsely (lots of people would argue that we're returning to the mean and that value will go up, when in fact it's going to decay and drop over time - whether the price decay is slow and controlled or rapid, I'm not sure).

cypherdoc
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August 10, 2011, 12:04:20 AM
 #47

the OP is just a fool.

Cypherdoc, UMADBRO? Bitcoin is a fun experiment, it sounds like you bought coins at $15+ and lost some capital.

Here's why you're mad and in denial Doc: Bitcoin doesn't do anything for you, doesn't generate any dividends, doesn't split and increase in value over a 10-year period, doesn't pay bonuses, can't really be used to buy anything useful in a local (or internet) market, is too volatile to be taken seriously, isn't inherently secure, and could be shut down easily by a sideways fart from the CIA. The only way it increases in value is if the demand from speculators exceeds the demand from mining.  This can only result in a super-bubble with a super collapse.  Keep bitcoin a fun experiment, it's not a place for real money Smiley Sad You'll make more money in the long run holding 10-year U.S. treasuries than holding bitcoins.

UMADBRO!!!!

=========================

This chart a little better at mirroring bitcoins chart.



CowTipper, that's a great chart! I was going more for a general approach to bubbles with my basic chart. Your chart is really better, but it's deceptive in that people could interpret the current position of bitcoin falsely (lots of people would argue that we're returning to the mean and that value will go up, when in fact it's going to decay and drop over time - whether the price decay is slow and controlled or rapid, I'm not sure).



naw Fool.  i am hugely in the green having started my buying at $1.60.  haha.  UMADBRO!

i'll tell you what.  i'll bet you 100 BTC or $1000 that the BTC price in USD terms is higher one year from now than it is today money to be held in escrow.

you being such a bad dude, c'mon bro put your money where your mouth is chump!  LOL!
mizike29
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August 10, 2011, 12:09:19 AM
 #48

I absolutely agree.  Your incorrect about a few things, bitcoins can buy useful and very good things through the internet easily now.  It is more like a cool idea right now, people still learning its young, and that allows one to make money like from a stock, buy low, sell higher.  Selling is getting easier and I have sold about 200 coins now using ebay, forums and paypal.  THe price is still higher now then it was a couple months ago.  Way more support now, info, websites, things are looking better, will just take a little time.

cypherdoc
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August 10, 2011, 12:15:46 AM
 #49

i'm waiting chump FunnyFool.
cypherdoc
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August 10, 2011, 12:32:15 AM
 #50

i'm going to give you the benefit of assuming you're offline.  but when you come back to this thread don't you dare make another post before addressing my bet.  in fact, i raise you to 200 BTC or $2000.

if you fail to respond you're a weenie and a coward who happens to be a paid shill.  your handlers are gonna be disappointed in you and you could get fired.

edit:  Asshole.
cypherdoc
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August 10, 2011, 04:26:38 AM
 #51

your lack of response means you are indeed a Funny Fool, Foo.  as i said before you're a coward and a weenie with no convictions behind what you say.
Shortline
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August 10, 2011, 05:02:13 PM
 #52

Stop bumping this shitty thread, dude. Let it die.
Boussac
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August 12, 2011, 08:11:22 AM
 #53

This thread could be merged with the so called "failure" discussion.
Denial is when the banking system would like to pretend the bitcoin network was never invented.
Bitcoins are going to be around for a looooong time because so many people now understand that the money supply mecanisms of the state sponsored currencies are at the root of inequalites.

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