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GeniuSxBoY (OP)
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October 07, 2011, 07:45:51 PM
 #1
lmao....





run now while you can still get $3 out of the system.
Be humble!
The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Edward50
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October 07, 2011, 07:58:03 PM
 #2
I don't understand, you used to flame me when bitcoin price was around $20 dollars and i said it would go lower, now your saying to sell?
Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
bulanula
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October 07, 2011, 08:03:32 PM
 #3
My first idea when I read this post :

He is early adopter and will be dumping like 100k down and still make a profit before price goes to $1 etc. !?
GeniuSxBoY (OP)
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October 07, 2011, 08:03:40 PM
 #4
timing is everything.


I'm not going to claim the titanic is unsinkable after it hit an iceberg and can see it sinking.
Be humble!
grod
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October 07, 2011, 08:09:39 PM
 #5
He's no early adopter, he's a pretty reliable contrarian indicator.  However, 80% of the hashing power still mining along on deepbit trumps one guy. I'm still bear.
S3052
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October 07, 2011, 08:27:25 PM
 #6
Mining is not leading, but trailing bitcoin prices
FreddyFender
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Shamantastic!


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October 07, 2011, 08:28:07 PM
 #7
Troll alert!!

bleech!
http://slightlyoffended.blogspot.ca/
grod
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October 07, 2011, 08:30:43 PM
 #8
Quote from: S3052 on October 07, 2011, 08:27:25 PM
Mining is not leading, but trailing bitcoin prices

Mining is a great proxy for overall bitcoin community sentiment.   If 80% of the miners are still mining along that means they're still expecting higher prices in the future.  High future expectations, current and increasing long positions combined with no buying -- does this sound like the recipe for a bull market?
S3052
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October 07, 2011, 08:31:52 PM
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long term, we are still in a bull market. major support has not been breached
bulanula
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October 07, 2011, 08:32:20 PM
Last edit: April 08, 2012, 07:00:41 PM by bulanula
 #10
Quote from: grod on October 07, 2011, 08:30:43 PM
Quote from: S3052 on October 07, 2011, 08:27:25 PM
Mining is not leading, but trailing bitcoin prices

Mining is a great proxy for overall bitcoin community sentiment.   If 80% of the miners are still mining along that means they're still expecting higher prices in the future.  High future expectations, current and increasing long positions combined with no buying -- does this sound like the recipe for a bull market?


Nope sounds like imminent crash !

COME ON UNDER 1 ALREADY !!
grod
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October 07, 2011, 08:35:28 PM
 #11
Quote from: S3052 on October 07, 2011, 08:31:52 PM
long term, we are still in a bull market. major support has not been breached

And here is where fundamentals trump technicals.  For 25% of the bitcoin community with a cost basis under a dollar, hell yeah, we're in a roaring bull uptrend.  Their invested hundreds of K are still worth millions even now.

For 75% of the bitcoin community that joined during the times BTC went $8 to $30 to $4, not quite so much.
quartz92
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October 07, 2011, 08:58:46 PM
 #12
Quote from: GeniuSxBoY on October 07, 2011, 07:45:51 PM
lmao....





run now while you can still get $3 out of the system.
SIKE
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