It escapes me!!!

[alexeft]

It escapes me how people decide to get out of bitcoin without an emergency need, while central banks are printing like crazy. Even if they stop at one point, peripheral banks will continue via loans etc!!!

[bananaControl]

It escapes me how people decide to get out of bitcoin without an emergency need, while central banks are printing like crazy. Even if they stop at one point, peripheral banks will continue via loans etc!!!

It seems to me that people who are getting out now put may too much into bitcoin in the first place. It is just pure stupidity to gamble with money you can't afford to lose. No one knows where this roller coaster is going 

If you want stability and safety right now, go somewhere else.

[Ibian]

People are stupid.

[anu]

If you want stability and safety right now, go somewhere else.

Exactly where is this person supposed to go?
1. Real Estate which is liable to state confiscation (Hauszinssteuer), see IMF proposals
2. Totally overvalued stock which is just waiting for a crash
3. Govt bonds which may get printed into oblivion
4. Gold which is manipulated with naked shorts like crazy
5.

[bananaControl]

If you want stability and safety right now, go somewhere else.

Exactly where is this person supposed to go?
1. Real Estate which is liable to state confiscation (Hauszinssteuer), see IMF proposals
2. Totally overvalued stock which is just waiting for a crash
3. Govt bonds which may get printed into oblivion
4. Gold which is manipulated with naked shorts like crazy
5.

Everything is relative, but measured against bitcoin it almost doesn't matter where else you go and look for stability. Bitcoin is very high risk but have the potential to be the investment of your life (one can dream, right?), but it could also go belly up in no time - but trust me, PM's will not...

[anu]

If you want stability and safety right now, go somewhere else.

Exactly where is this person supposed to go?
1. Real Estate which is liable to state confiscation (Hauszinssteuer), see IMF proposals
2. Totally overvalued stock which is just waiting for a crash
3. Govt bonds which may get printed into oblivion
4. Gold which is manipulated with naked shorts like crazy
5.

Everything is relative, but measured against bitcoin it almost doesn't matter where else you go and look for stability. Bitcoin is very high risk but have the potential to be the investment of your life (one can dream, right?), but it could also go belly up in no time - but trust me, PM's will not...

PM == Prime Minister? Obviously, if you successfully invested in a PM, you will be fine 

[alexeft]

If you want stability and safety right now, go somewhere else.

Exactly where is this person supposed to go?
1. Real Estate which is liable to state confiscation (Hauszinssteuer), see IMF proposals
2. Totally overvalued stock which is just waiting for a crash
3. Govt bonds which may get printed into oblivion
4. Gold which is manipulated with naked shorts like crazy
5.

This!

[bananaControl]

PM == Prime Minister? Obviously, if you successfully invested in a PM, you will be fine 

Seems to work with presidents, so why not prime ministers? But just so no one is left behind: PM == Precious Metals.

[anu]

Seems to work with presidents, so why not prime ministers? But just so no one is left behind: PM == Precious Metals.

Only if you are an early adopter who invested 5% of his assets in Bitcoin and now discovers that Bitcoin is 98% of his net worth.

PMs are not safe. The FED will have no qualms to print a million metric tons of paper gold if necessary to keep gold below 1400, never mind that only 160,000 tons exist above ground. I wouldn't count on a short squeeze - nobody wants physical. I think it is quite possible that the FED will keep gold below 1400 even if $1400 is the price for a bagel so they can say "no inflation, only greedy bakers".

But then, maybe the short squeeze does occur. If so, it will make the Bitcoin December rally look like stability.

[EDIT:] Don't take this seriously and don't take it as investment advice. We just live in mad times. So why not make a mad post. 

[TERA]

There is actually a chance for bitcoin to fail and it is not guaranteed to rally again. Just because something happens 5th times doesn't mean it happens a 6th. The 1 week chart and volume are ugly also.

[alexeft]

There is actually a chance for bitcoin to fail and it is not guaranteed to rally again. Just because something happens 5th times doesn't mean it happens a 6th. The 1 week chart and volume are ugly also.

So, it might not be a get rich quick scheme!!! Surprise!!!

BTW, volume seems plenty on bitstamp on the weekly chart!!!! At least compared to the past!

[bananaControl]

Seems to work with presidents, so why not prime ministers? But just so no one is left behind: PM == Precious Metals.

Only if you are an early adopter who invested 5% of his assets in Bitcoin and now discovers that Bitcoin is 98% of his net worth.

PMs are not safe. The FED will have no qualms to print a million metric tons of paper gold if necessary to keep gold below 1400, never mind that only 160,000 tons exist above ground. I wouldn't count on a short squeeze - nobody wants physical. I think it is quite possible that the FED will keep gold below 1400 even if $1400 is the price for a bagel so they can say "no inflation, only greedy bakers".

But then, maybe the short squeeze does occur. If so, it will make the Bitcoin December rally look like stability.

[EDIT:] Don't take this seriously and don't take it as investment advice. We just live in mad times. So why not make a mad post.  

There's still no denying that bitcoin is the highest roller coaster in the park right now.

Oh, and while we are at it, the price of bitcoin is of course also manipulated - and it will only get worse. A few years ago I was naive enough to think that bitcoin would be the asset or currency of the people, something the big guys would stay away from or at least only get into AFTER mass adoption had occurred.

I would love to see a slow but steady mass adoption instead of bitcoin being the new pump and dump toy of Wall Street  

[TERA]

There is actually a chance for bitcoin to fail and it is not guaranteed to rally again. Just because something happens 5th times doesn't mean it happens a 6th. The 1 week chart and volume are ugly also.

Out of curiosity: when the indicators start giving positive signals again, will you get back into 'the game'? Or will you remain permabearing on these boards ^^. (No, I"m not out of touch with reality: Bitcoin can fail of course)

I tend to advise trading with the trend, so when the trend is upwards, I will be trading upwards. I do not know why people assume I am a "perma bear". Is it just because I don't drink kool aid and believe bitcoin is destined to reach $10,000,000+ no matter what?

[escrow.ms]

Only those peoples are going out who are either
in need of fiat
invested too much
bought coins at 500+
are altcoin bag holders
etc etc..

[fonzie]

Only those peoples are going out who are either
in need of fiat
invested too much
bought coins at 500+
are altcoin bag holders
etc etc..

That would be at least 60-70% of all individuals.

[counter]

I think the best way to describe is like this.  Something I don't understand is happening aaahh panic !!!  Abandon ship and jump down near those sharks hurry it is our only chance!!!