lol @ "buying and holding is the best strategy"

[ardana123]

Some people are gonna get fucked so badly in the coming days/weeks.

[Ibian]

Good for you if you made a profit playing the market. But most people who do that lose. Holding over 6 months or more is as safe a strategy as they come, and gives better ROI than anything else currently available.

[N12]

Good for you if you made a profit playing the market. But most people who do that lose. Holding over 6 months or more is as safe a strategy as they come, and gives better ROI than anything else currently available.

Holding 6 months from 32 in June 2011 gave you a ROI of -94%.

[Oldminer]

If you mined 10,000 BTC back in 2009 & held until now you would be a multi-millionaire. Wait..some are..lol

[T.Stuart]

Good for you if you made a profit playing the market. But most people who do that lose. Holding over 6 months or more is as safe a strategy as they come, and gives better ROI than anything else currently available.

Holding 6 months from 32 in June 2011 gave you a ROI of -94%.

Things have sped up a bit though

[quone17]

I think if you are interested in bitcoin it would be fine to dollar cost average into it. But don't buy a huge bulk of it here as it could go a lot lower.

[pbody]

Its a different animal now. Many people just learned about bitcoin. No way its going to drop 94% in the next year. 2014 is going to be an interesting year as there are many people jumping in on the game. New currencies take time to develop and gain traction. Nothing is even close to bitcoin now, its been getting major publicity worldwide. Pretty much everyone has heard of it as this point. Whether they know what it is or not. It will get back up there pretty fast after it falls. Someone just bought a 7m dollar house in Vegas with bitcoin. Its being used...

[traderCJ]

Its a different animal now. Many people just learned about bitcoin. No way its going to drop 94% in the next year. 2014 is going to be an interesting year as there are many people jumping in on the game. New currencies take time to develop and gain traction. Nothing is even close to bitcoin now, its been getting major publicity worldwide. Pretty much everyone has heard of it as this point. Whether they know what it is or not. It will get back up there pretty fast after it falls. Someone just bought a 7m dollar house in Vegas with bitcoin. Its being used...

I believe once China gets priced out of the system and the new year hits, Bitcoin will fare quite well.

[N12]

Its different now.

No.

[Impaler]

When Hash rates peak and show a decline THAT is your unambiguous signal to GTFO, you will likely have already lost your shirt but a peak in hashing is the signal that mining has hit the wall in profitability and miners are consuming as much electricity as they are earning from mining, that means consistent daily selling pressure of 3600 coins per day which will do to prices what you see in Blitz's graph.  

Now their will still a long way from seeing mining profitability fully squeezed out, at least on the ongoing electricity costs, but I suspect we will be getting close to the 'can never repay hardware costs' point fairly soon and that will hugely slow the growth in hash rates.

[JayB]

Good for you if you made a profit playing the market. But most people who do that lose. Holding over 6 months or more is as safe a strategy as they come, and gives better ROI than anything else currently available.

Do you even know what you're talking about?

Did you actually try to analyze every possible strategy that could've been done and came up with the conclusion that what you just claimed is true or are you just talking nonsense?

Maybe you should consider buying some brains with whatever you have left of your Bitcoins before its value goes down even further

[OleOle]

Some people are gonna get fucked so badly in the coming days/weeks.

Yeah, it will be great. I'm looking forward to buying some cheaper coins. Might have to wash the blood off some of them as some people have been slaughtered by the falling price.

Muahahahahaha!!!!!!!!!!!!

[pand70]

Some people are gonna get fucked so badly in the coming days/weeks.

Yeah, it will be great. I'm looking forward to buying some cheaper coins. Might have to wash the blood off some of them as some people have been slaughtered by the falling price.

Muahahahahaha!!!!!!!!!!!!

You are looking forward to buy when? At 100$?

[GameKyuubi]

Some people are gonna get fucked so badly in the coming days/weeks.

I'd argue that the people who are gonna get fucked are the ones that sold.  The longer the price stays low, the more people that will get fucked.  Why?  While the price drops and hangs out around $400, demand is still increasing.  Fiat is still slowly turning to garbage, the number of shops accepting Bitcoin is still increasing.  The increase of supply is overpowering the increase of demand in terms of rate at the moment because people are panicking, but the longer this happens, the sharper the upswing will be when the turnaround happens, the higher it will go, and the more people who will be left behind again.

[Honeypot]

I am not sure if people are too emotionally and personal-ideologically invested in cryptocurrency to see the simple truth: What has been made can be broken. One way or another.

Your infinite belief in the almighty power of crypto seems some what slanted.


I do believe crypto has a place, but I don't think anyone should believe for a moment they created a god's silver bullet against the 'tyranny' of fiat.

There will always be those who hold power and those who do not. 'RAH RAH RAH FITE DA POWA' ain't going to cut it.

[TERA]

Correction: Buying and holding is the best strategy for people who want to be able to sleep and a have life (but not the most profitable).

[GameKyuubi]

I am not sure if people are too emotionally and personal-ideologically invested in cryptocurrency to see the simple truth: What has been made can be broken. One way or another.

Your infinite belief in the almighty power of crypto seems some what slanted.

I don't believe its power is infinite.  I believe that it might not work out.  It's the HOW that I can't see.  Even if it's banned by every single government I doubt that would stop it.  The only thing that comes to mind is total energy cost to maintain the system, but then we've also got proof of stake should proof of work end up too costly...

[adamstgBit]

lol @ "buying and holding is the best strategy"
Some people are gonna get fucked so badly in the coming days/weeks.

LMAO!

ya YOU will!

[pand70]

There will always be those who hold power and those who do not. 'RAH RAH RAH FITE DA POWA' ain't going to cut it.

You mean those who hold bitcoins and those who don't? 

[piramida]

lol @ "buying and holding is the best strategy"
Some people are gonna get fucked so badly in the coming days/weeks.

LMAO!

ya YOU will!

Yep he envisions his destiny All the stoopid impatient children who will get out now, I pity them. And then the next wave of them will come, at high four digits, as they always do. They will say "man, I wish I was here when coins were three digits"  but then they will sell all on the first dip Bitcoin can't make everyone rich though, and that's fine with me that cowards don't profit.