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Author Topic: Here comes dat fear  (Read 4964 times)
TERA
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March 01, 2014, 12:33:25 AM
 #1

I told you this correction wasn't going to be easy and there would be some news event and lots of fear and fud.

"This is going to be like 2011"
"Were assuming the chart will follow 2012 or 2013 but it might be like 2011"
"There is an outlier in bitcoin's history we cannot ignore"
"A hacker might have 850,000 coins and put unnatural forces on the market"
"There was a hacker in 2011 too"
"What if gox was actually the heart of bitcoin whether you like it or not"
"It looks like were on our way to retest 400, or go lower"
"What if the 1 week EMAs cross down"
"The price has actually gone below the trendline before. We cant rely on the trendline for support"
"It looks like the fad of bitcoin is over. There will never be another rally. Things cant possibly get any better, only worse"

Will you succomb to da fear?
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seleme
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March 01, 2014, 12:36:31 AM
 #2

No, but I'll try to profit from it.

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windjc
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March 01, 2014, 12:37:37 AM
 #3

I told you this correction wasn't going to be easy and there would be some news event and lots of fear and fud.

"This is going to be like 2011"
"Were assuming the chart will follow 2012 or 2013 but it might be like 2011"
"There is an outlier in bitcoin's history we cannot ignore"
"A hacker might have 850,000 coins and put unnatural forces on the market"
"There was a hacker in 2011 too"
"What if gox was actually the heart of bitcoin whether you like it or not"
"It looks like were on our way to retest 400, or go lower"
"What if the 1 week EMAs cross down"
"The price has actually gone below the trendline before. We cant rely on the trendline for support"
"It looks like the fad of bitcoin is over. There will never be another rally. Things cant possibly get any better, only worse"

Will you succomb to da fear?

TERA, some of these quotes seem very similar to what I have seen you say. Are you just quoting yourself?

My answer to all these questions would be "Yes. Possibly."

But I would also say that we have been bearish in here for a while and that collapse to $400 felt an awful lot like the reverse of the first runup to 1200.  Then there was a fast an furious 2nd runup. Remember that? Then, the wheels started to come off.

We are diving back down again.

But isn't all this fear exactly what has to happen to end a bear market?

And why is it, you never seem to acknowledge that fact?

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
TERA
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March 01, 2014, 12:40:05 AM
 #4

I told you this correction wasn't going to be easy and there would be some news event and lots of fear and fud.

"This is going to be like 2011"
"Were assuming the chart will follow 2012 or 2013 but it might be like 2011"
"There is an outlier in bitcoin's history we cannot ignore"
"A hacker might have 850,000 coins and put unnatural forces on the market"
"There was a hacker in 2011 too"
"What if gox was actually the heart of bitcoin whether you like it or not"
"It looks like were on our way to retest 400, or go lower"
"What if the 1 week EMAs cross down"
"The price has actually gone below the trendline before. We cant rely on the trendline for support"
"It looks like the fad of bitcoin is over. There will never be another rally. Things cant possibly get any better, only worse"

Will you succomb to da fear?

TERA, some of these quotes seem very similar to what I have seen you say. Are you just quoting yourself?

My answer to all these questions would be "Yes. Possibly."

But I would also say that we have been bearish in here for a while and that collapse to $400 felt an awful lot like the reverse of the first runup to 1200.  Then there was a fast an furious 2nd runup. Remember that? Then, the wheels started to come off.

We are diving back down again.

But isn't all this fear exactly what has to happen to end a bear market?

And why is it, you never seem to acknowledge that fact?

I have not said any of these things since June 2013 when I was relatively new to bitcoin and I myself succombed to the fear. I have not said them since. I do acknowledge the 'fact' you speak of.
MAbtc
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March 01, 2014, 12:46:46 AM
 #5

What fun. Cheesy

RyNinDaCleM
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March 01, 2014, 12:49:08 AM
 #6

Isn't it so much more fun when you're in Fiat ready to make a move?
Less stress too! I'm glad some of you finally saw the light Wink

TERA
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March 01, 2014, 12:53:14 AM
 #7

Isn't it so much more fun when you're in Fiat ready to make a move?
Less stress too! I'm glad some of you finally saw the light Wink
I'm in mostly fiat ready to make a move but I might make that move in the 400-530 area. then if the 2011 scenario actually plays out, I'll be having a bad time.
MAbtc
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March 01, 2014, 12:55:34 AM
 #8

Isn't it so much more fun when you're in Fiat ready to make a move?
Less stress too! I'm glad some of you finally saw the light Wink
I'm in mostly fiat ready to make a move but I might make that move in the 400-530 area. then if the 2011 scenario actually plays out, I'll be having a bad time.

If it plays out like 2011, you'll have more than enough time to recognize it. Bounce by bounce....

MatTheCat
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March 01, 2014, 12:55:38 AM
 #9

I told you this correction wasn't going to be easy and there would be some news event and lots of fear and fud.

"This is going to be like 2011"
"Were assuming the chart will follow 2012 or 2013 but it might be like 2011"
"There is an outlier in bitcoin's history we cannot ignore"
"A hacker might have 850,000 coins and put unnatural forces on the market"
"There was a hacker in 2011 too"
"What if gox was actually the heart of bitcoin whether you like it or not"
"It looks like were on our way to retest 400, or go lower"
"What if the 1 week EMAs cross down"
"The price has actually gone below the trendline before. We cant rely on the trendline for support"
"It looks like the fad of bitcoin is over. There will never be another rally. Things cant possibly get any better, only worse"

Will you succomb to da fear?




YOUR WISE WORDS RUN SWEETLY
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LIKE RED CANDLESTICKS DRIPPING BLOOD DOWN UPON YE FOOLS WHO DID NOT GIVE ALMS!

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
windjc
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March 01, 2014, 01:05:36 AM
 #10

I told you this correction wasn't going to be easy and there would be some news event and lots of fear and fud.

"This is going to be like 2011"
"Were assuming the chart will follow 2012 or 2013 but it might be like 2011"
"There is an outlier in bitcoin's history we cannot ignore"
"A hacker might have 850,000 coins and put unnatural forces on the market"
"There was a hacker in 2011 too"
"What if gox was actually the heart of bitcoin whether you like it or not"
"It looks like were on our way to retest 400, or go lower"
"What if the 1 week EMAs cross down"
"The price has actually gone below the trendline before. We cant rely on the trendline for support"
"It looks like the fad of bitcoin is over. There will never be another rally. Things cant possibly get any better, only worse"

Will you succomb to da fear?

TERA, some of these quotes seem very similar to what I have seen you say. Are you just quoting yourself?

My answer to all these questions would be "Yes. Possibly."

But I would also say that we have been bearish in here for a while and that collapse to $400 felt an awful lot like the reverse of the first runup to 1200.  Then there was a fast an furious 2nd runup. Remember that? Then, the wheels started to come off.

We are diving back down again.

But isn't all this fear exactly what has to happen to end a bear market?

And why is it, you never seem to acknowledge that fact?

I have not said any of these things since June 2013 when I was relatively new to bitcoin and I myself succombed to the fear. I have not said them since. I do acknowledge the 'fact' you speak of.

What about the last post of yours I just read in another thread?

risto still feeling good about your call?

i see a problem with your trend line strategy. while i follow a support trend line, you follow an averaging trend line. the averaging trend line actually changes in slope and position as time goes on. also prices have actually gone BELOW the trend line for extended periods of time, and i think you may be ignoring that opportunity.

Are you not directly suggesting that this could be like 2011? That's when we dropped below that trend line for an extended period of time.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
Jeezy911
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March 01, 2014, 01:08:56 AM
 #11

What do you old schoolers think is going to happen this time around, can we recover? The difference it seems this time is the Media on the hunt.

proudhon
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March 01, 2014, 01:15:29 AM
 #12

What do you old schoolers think is going to happen this time around, can we recover? The difference it seems this time is the Media on the hunt.

The media has always been involved and reporting has always typically been poor.  Overall, this time likely won't be any different.  Meaning, yes, we can recover.
JimboToronto
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March 01, 2014, 01:17:07 AM
 #13

Isn't it so much more fun when you're in Fiat ready to make a move?
Less stress too!

To each their own. I suppose.

Personally, I find waiting with fiat to be far more stressful than sitting secure with my coins safely in a paper wallet.

Any time I have either BTC or $ at an exchange I feel uncomfortable. Recent events at Gox remind me why.
MAbtc
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March 01, 2014, 01:28:18 AM
 #14

Isn't it so much more fun when you're in Fiat ready to make a move?
Less stress too!

To each their own. I suppose.

Personally, I find waiting with fiat to be far more stressful than sitting secure with my coins safely in a paper wallet.

Any time I have either BTC or $ at an exchange I feel uncomfortable. Recent events at Gox remind me why.

Lock in some profits into BTC cold storage and $$ off exchange, and it feels much better. What I would find stressful is living through two bubbles without having taken significant $$ profits off the table.

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March 01, 2014, 01:31:21 AM
 #15

Will you succomb to da fear?

    "I must not fear.
    Fear is the mind-killer.
    Fear is the little-death that brings total obliteration.
    I will face my fear.
    I will permit it to pass over me and through me.
    And when it has gone past me I will turn to see fears path.
    Where the fear has gone there will be nothing......Only I will remain."

 Cheesy

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
MatTheCat
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March 01, 2014, 01:32:41 AM
 #16

Lock in some profits into BTC cold storage and $$ off exchange, and it feels much better. What I would find stressful is living through two bubbles without having taken significant $$ profits off the table.

As they say though, there is no point in trying to teach a pig to read.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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March 01, 2014, 01:46:15 AM
 #17

What do you old schoolers think is going to happen this time around, can we recover? The difference it seems this time is the Media on the hunt.

I don't even worry about it.

It's 1 or 0, same as always.

Things like this are why I am glad I decided to play bitcoin from the mining angle. If the outcome for bitcoin is 0, the hashing power of the miners will still be in demand for some other coin. (if SHA-256 is broken, then yeah, that would suck, but still, these things only have about a 1 year shelf life anyways, and as long as you only buy upgrades with profits, you won't get hurt too bad)

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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March 01, 2014, 02:02:53 AM
 #18

I'm all bitcoin baby.

(apart from that black place where I am partly goxcoin. I don't talk about that though.)

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
TERA
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March 01, 2014, 02:07:52 AM
 #19

Isn't it so much more fun when you're in Fiat ready to make a move?
Less stress too!

To each their own. I suppose.

Personally, I find waiting with fiat to be far more stressful than sitting secure with my coins safely in a paper wallet.

Any time I have either BTC or $ at an exchange I feel uncomfortable. Recent events at Gox remind me why.

Lock in some profits into BTC cold storage and $$ off exchange, and it feels much better. What I would find stressful is living through two bubbles without having taken significant $$ profits off the table.
I always withdraw 20% of my funds (in usd) off of exchanges every 3 months. But now I am thinking of withdrawing more due to the uncertainty around exchanges.
windjc
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March 01, 2014, 02:28:52 AM
 #20

Isn't it so much more fun when you're in Fiat ready to make a move?
Less stress too!

To each their own. I suppose.

Personally, I find waiting with fiat to be far more stressful than sitting secure with my coins safely in a paper wallet.

Any time I have either BTC or $ at an exchange I feel uncomfortable. Recent events at Gox remind me why.

Lock in some profits into BTC cold storage and $$ off exchange, and it feels much better. What I would find stressful is living through two bubbles without having taken significant $$ profits off the table.
I always withdraw 20% of my funds (in usd) off of exchanges every 3 months. But now I am thinking of withdrawing more due to the uncertainty around exchanges.

What uncertainty around exchanges are there now that hasn't been in the past? If anything, I think we will have more transparency going forward. We have always known that btc-e is anonymous and could disappear any moment and mostly likely will not be here in another 2-5 years once larger exchanges develop and when people will demand a high level of service and accountability.

Bitstamp is run by reputable people who are not anonymous. We have a good idea of at least some of their cold storage addresses. Unless their banking situation deteriorates, then they will always be a decent choice. People are bitching about them now because they are tightening their restrictions. But both this tightening and the bitching are a result of paranoia on both ends about the Gox incedent and wanting to demand more accountability on both ends - the exchange and the users. (keep in mind, users still want all the perks of anonymity while demanding exchanges be more transparent).

Kraken is a good option in the U.S. They have not much volume, but the organization seems fairly high level.

I think this idea that exchanges are unsafe today is reactionary. They are no less safe than yesterday. Mostly likely they are more safe.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
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