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Author Topic: My last Warning to the Bears  (Read 2353 times)
Blitz­
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December 20, 2011, 05:16:40 AM
 #1

To $10 it is 45k BTC on MtGox now.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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There are several different types of Bitcoin clients. EWallets are like banks -- a central organization has complete control over your money. You shouldn't put much money in EWallets.
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December 20, 2011, 05:17:19 AM
 #2

rip them to shreds!
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December 20, 2011, 05:20:15 AM
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To $10 it is 45k BTC on MtGox now.

I'm sure that'll fill in.
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December 20, 2011, 05:22:36 AM
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4.5 shattered. this is a strong uptrend. Smiley
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December 20, 2011, 05:24:03 AM
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4.5 shattered. this is a strong uptrend. Smiley

"strong" doesn't even begin to describe this.

(BFL)^2 < 0
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December 20, 2011, 05:26:29 AM
 #6

To $10 it is 45k BTC on MtGox now.

I'm sure that'll fill in.
Are you back in?

Final really good chance if this is THE next wave up. Buy the dips/brief consolidations, as we are already parabolic …

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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December 20, 2011, 05:30:45 AM
 #7

To $10 it is 45k BTC on MtGox now.

I'm sure that'll fill in.
Are you back in?

Final really good chance if this is THE next wave up. Buy the dips/brief consolidations, as we are already parabolic …

are YOU back in?  you got pretty skeptical there.
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December 20, 2011, 05:30:58 AM
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I think its safe to say that anyone shorting on bitcoinica is probably liquidated by now. While I do find this funny I also find myself questioning whether or not to buy back in when i sold out around $3.70. I know as soon as I do we will drop back to $4 tho lol. And as I type this we are almost there.
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December 20, 2011, 05:33:52 AM
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I must admit, watching this rally pan out has been very entertaining. Going from $4 to $4.50 and back down all within 30 minutes. I'm disappointed I didn't put any coin into the rally and sell around that $4.50 sell wall. Entertaining nonetheless... Smiley

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December 20, 2011, 05:34:32 AM
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I hope everyone enjoyed the rally.  It was fun.  And profitable.

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December 20, 2011, 05:37:29 AM
 #11

To $10 it is 45k BTC on MtGox now.

I'm sure that'll fill in.
Are you back in?

Final really good chance if this is THE next wave up. Buy the dips/brief consolidations, as we are already parabolic …

are YOU back in?  you got pretty skeptical there.
Always been and always will be. I watched it go down to 1.99 without selling. I am always skeptical, but overall long-term bullish. Smiley Fundamentals trump technicals. Can’t win without being willing to risk it all.

I have a single bet, and that bet is that Bitcoin’s forced scarcity combined with decentralization will attract huge money. The move to 32 was not caused by this type of money. Before I see most of its potential reached, I’ll be in, whether I lose the bet or not.

Also, I wanted to stock up on more sub dollar Bitcoins like in April. Too bad it diidn’t happen. Grin

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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December 20, 2011, 05:40:07 AM
 #12

I must admit, watching this rally pan out has been very entertaining. Going from $4 to $4.50 and back down all within 30 minutes. I'm disappointed I didn't put any coin into the rally and sell around that $4.50 sell wall. Entertaining nonetheless... Smiley
You can't buy and sell as fast as the bots, trust me Cheesy.

EDIT: My point here is that it's better to just STAY IN!

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December 20, 2011, 05:40:54 AM
 #13

To $10 it is 45k BTC on MtGox now.

I'm sure that'll fill in.
Are you back in?

Final really good chance if this is THE next wave up. Buy the dips/brief consolidations, as we are already parabolic …

are YOU back in?  you got pretty skeptical there.
Always been and always will be. I watched it go down to 1.99 without selling. I am always skeptical, but overall long-term bullish. Smiley Fundamentals trump technicals. Can’t win without being willing to risk it all.

I have a single bet, and that bet is that Bitcoin’s forced scarcity combined with decentralization will attract huge money. The move to 32 was not caused by this type of money. Before I see most of its potential reached, I’ll be in, whether I lose the bet or not.

Also, I wanted to stock up on more sub dollar Bitcoins like in April. Too bad it diidn’t happen. Grin

good to hear it.  you and me both, baby.  onward and upward!
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December 20, 2011, 05:43:11 AM
 #14

I must admit, watching this rally pan out has been very entertaining. Going from $4 to $4.50 and back down all within 30 minutes. I'm disappointed I didn't put any coin into the rally and sell around that $4.50 sell wall. Entertaining nonetheless... Smiley
You can't buy and sell as fast as the bots, trust me Cheesy.

EDIT: My point here is that it's better to just STAY IN!
True enough, though I saw it coming to that wall pretty quick, I had time to throw a couple hundred BTC down around $4.45. Not going to microtrade like the bots are, but I'm sure given that nearly 3000 BTC were moved around that $4.50 wall, I could have easily moved them. Coulda, woulda, shoulda... I still have all my coins in my wallet.

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Blitz­
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December 20, 2011, 05:46:42 AM
 #15

This was the dip. Look back at the charts in April/May and learn. The market is parabolic now, so I would not be surprised to see even a move to double digit very quickly.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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December 20, 2011, 05:48:32 AM
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LOL!  haven't seen 502 Bad Gateways to Bitcoin Charts in a while either!
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December 20, 2011, 05:50:23 AM
 #17

I think its safe to say that anyone shorting on bitcoinica is probably liquidated by now. While I do find this funny I also find myself questioning whether or not to buy back in when i sold out around $3.70. I know as soon as I do we will drop back to $4 tho lol. And as I type this we are almost there.

I've shorted 3 times in the last 24 hours... made a profit every time.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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December 20, 2011, 05:52:23 AM
 #18

Ouch... Zhoutonged. I was short at $2.85 a few weeks back and never thought we'd see $3.50 before $2.30, let alone $4.50. Now the question is: up or down? If I was daring, I'd short again at $4.20, but this sudden spike in activity up to $4+ has me shaken. People talk about fundamentals but I have to admit I'm skeptical at best for Bitcoin. Then again, the Euro and Dollar (and the other world currencies as well) are pretty much a joke right now so perhaps BTC isn't all that bad. Do I go long and hope to see an extended rally into the double digits? Last week I would have called even the thought of such a thing insanity, but this market strikes me as pretty much insane.

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December 20, 2011, 05:54:06 AM
 #19

This was the dip. Look back at the charts in April/May and learn. The market is parabolic now, so I would not be surprised to see even a move to double digit very quickly.

Yeah i'm predicting double digits within a month. Can't argue with btc fundamentals
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June 10, 2013, 03:33:34 PM
 #20

Always been and always will be. I watched it go down to 1.99 without selling. I am always skeptical, but overall long-term bullish.  Fundamentals trump technicals. Can’t win without being willing to risk it all.

I have a single bet, and that bet is that Bitcoin’s forced scarcity combined with decentralization will attract huge money. The move to 32 was not caused by this type of money. Before I see most of its potential reached, I’ll be in, whether I lose the bet or not.

Also, I wanted to stock up on more sub dollar Bitcoins like in April. Too bad it diidn’t happen.

Sorry for the thread necro, but this is just an example of where we come from.

I know the friends of the Wall Observer thread will enjoy this topic created by our now fellow-in-bearishness Blitz. There was a time when even the bears where perma-bulls Cheesy

Respect to you, Blitz Wink

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