Fire sale!

[slapper]

I am guessing by buying into dumb posts like OP is how the $1200 bagholders were created. And the $100k, $1m Bitcoin hypes. A fool tool and his money are soon parted.

[bassclef]

^^It's a bit different when buying at the bottom of a final capitulation versus at the top of a massive runup.

[slapper]

^^It's a bit different when buying at the bottom of a final capitulation versus at the top of a massive runup.

Seriously? 

[uhoh]

I am guessing by buying into dumb posts like OP is how the $1200 bagholders were created. And the $100k, $1m Bitcoin hypes. A fool tool and his money are soon parted.

This time last year people were talking about the $260 bagholders... perspective is everything

[TeeBone]

Deep down, the Firesalers are trembling in fear right about now.

[uhoh]

This is exciting (admittedly in the wrong way)... I'm watching my net worth dwindle at a rate of knots, but there's no denying it's exciting

[slapper]

I am guessing by buying into dumb posts like OP is how the $1200 bagholders were created. And the $100k, $1m Bitcoin hypes. A fool tool and his money are soon parted.

This time last year people were talking about the $260 bagholders... perspective is everything

Yes they were bagholders. Missed out on having 4x additional coins in their portfolio. Perspective isn't everything. Several players will be out of this high stakes poker game forever because of the magnitude of bagholding this time.

[uhoh]

I am guessing by buying into dumb posts like OP is how the $1200 bagholders were created. And the $100k, $1m Bitcoin hypes. A fool tool and his money are soon parted.

This time last year people were talking about the $260 bagholders... perspective is everything

Yes they were bagholders. Missed out on having 4x additional coins in their portfolio. Perspective isn't everything. Several players will be out of this high stakes poker game forever because of the magnitude of bagholding this time.

They were bagholders when their $260/btc investment became $1200/btc?

[Le Happy Merchant]

new paradigm

You know what that means...

[Bit_Happy]

Need to edit that one soon?
$420 is the new cheap.   

[bassclef]

Amazing. I haven't watched this show in forever, but it's among the best I've seen.

I put my buy order in for more beer, am I doing it right?

[spazzdla]

I am guessing by buying into dumb posts like OP is how the $1200 bagholders were created. And the $100k, $1m Bitcoin hypes. A fool tool and his money are soon parted.

So true, you keep your fiat and tell us how hyperinflation feels.  Sure, believe all the happy unicorn and rainbows from the FED.

[spazzdla]

Oh also all gold holders are technically bag holders.....

[Swordsoffreedom]

Oh also all gold holders are technically bag holders.....

True although the gold buffs can argue that they can hold their bags of Gold
Assuming the bag is made of gold foil 

[piramida]

I am guessing by buying into dumb posts like OP is how the $1200 bagholders were created. And the $100k, $1m Bitcoin hypes. A fool tool and his money are soon parted.

This time last year people were talking about the $260 bagholders... perspective is everything

Yes they were bagholders. Missed out on having 4x additional coins in their portfolio. Perspective isn't everything. Several players will be out of this high stakes poker game forever because of the magnitude of bagholding this time.

What of the magnitude? In case you failed math in school, here's the magnitudes of all previous bitcoin crashes: $31 -> $2 = 94% selloff; $265 -> $50 = 81% selloff; $1200 -> $400 = 67% selloff. Bitcoin easily survived the first two, never have went below the previous ATH, minimum price has always quadrupled (or more) in a year. It will as easily recover from this one by the end of the year; just sit back and watch.

If you have any balls, this time next year you will be posting bitcoin praise. If you don't, well wtf you are doing here, this is a dangerous game

[600watt]

I am guessing by buying into dumb posts like OP is how the $1200 bagholders were created. And the $100k, $1m Bitcoin hypes. A fool tool and his money are soon parted.

This time last year people were talking about the $260 bagholders... perspective is everything

Yes they were bagholders. Missed out on having 4x additional coins in their portfolio. Perspective isn't everything. Several players will be out of this high stakes poker game forever because of the magnitude of bagholding this time.

What of the magnitude? In case you failed math in school, here's the magnitudes of all previous bitcoin crashes: $31 -> $2 = 94% selloff; $265 -> $50 = 81% selloff; $1200 -> $400 = 67% selloff. Bitcoin easily survived the first two, never have went below the previous ATH, minimum price has always quadrupled (or more) in a year. It will as easily recover from this one by the end of the year; just sit back and watch.

If you have any balls, this time next year you will be posting bitcoin praise. If you don't, well wtf you are doing here, this is a dangerous game

+1

[Bit_Happy]

new paradigm

You know what that means...

I used to know what that means.
During the .Com Bubble many experts talked about "a new way of valuing/evaluating companies."
This was important since it helped motivate people to pay insane prices for worthless web projects.

Don't worry Bitcoin really is different.  

[piramida]

new paradigm

You know what that means...

I used to know what that means.
During the .Com Bubble many experts talked about "a new way of valuing/evaluating companies."
This was important since it helped motivate people to pay insane prices for worthless web projects.

Don't worry Bitcoin really is different.  

You know how .Com bubble ended right? After the crash that got rid of the weak companies, we now see world dominated by .Com - such a bad example

[Bit_Happy]

new paradigm

You know what that means...

I used to know what that means.
During the .Com Bubble many experts talked about "a new way of valuing/evaluating companies."
This was important since it helped motivate people to pay insane prices for worthless web projects.

Don't worry Bitcoin really is different.  

You know how .Com bubble ended right? After the crash that got rid of the weak companies, we now see world dominated by .Com - such a bad example

After the crash that got rid of the weak companies...
My point was focused on the "investors" paying high prices for the weak companies.

If/since Bitcoin really is different, then the future is bright for BTC.
If there is a valid comparison ("people being motivated to pay insane prices"), then some of us could gain by learning from history.

You don't have to look hard to find people predicting $100,000 to $1,000,000/BTC, so it's a "debatable" example but not a bad one at all.
"Those who do not learn history are doomed to repeat it." ~George Santayana

[piramida]

After the crash that got rid of the weak companies...
My point was focused on the "investors" paying high prices for the weak companies.

If/since Bitcoin really is different, then the future is bright for BTC.
If there is a valid comparison ("people being motivated to pay insane prices"), then some of us could gain by learning from history.

You don't have to look hard to find people predicting $100,000 to $1,000,000/BTC, so it's a "debatable" example but not a bad one at all.
"Those who do not learn history are doomed to repeat it." ~George Santayana

As it was obvious during the 199x, the web was the future. Nobody knew that google will be the winner, but everybody knew the idea was here to stay, so were bidding insane amounts on contenders. I am not saying bitcoin is different - but the idea of digital currencies is, obviously, the future, in one form or another. From that point of view, no matter how many crashes we live through, the idea will come back. Maybe it won't be bitcoin - but right now, it is bitcoin, and there's nothing even remotely similar in terms of hashing power and network stability, so it's safe to say that at the moment, the digital currencies idea is mostly implemented in bitcoin, so investing into the future of finance equals investing in bitcoin. In 2011, everybody was aiming at 20 years for adoption. I still think this target (at least 10 years from now) should be the reference point for any investor.