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Author Topic: Got to keep reminding myself ...  (Read 2462 times)
pinksheep
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May 02, 2014, 11:42:30 AM
 #21

Just googled it - sounds fascinating Smiley


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bananaControl
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May 02, 2014, 11:42:47 AM
 #22

Whatever happens, there is a prophecy that men will soon experience great wealth but many of them face the problem of having too little spiritual growth to support the gained riches. Whether that prophecy has something to do with bitcoin or not, remains unknown, but it may easily turn out that way. If I remember correctly, the prophecy had something to do with 2017 when man kind will move to the 5th dimension as a whole.

My psychic dog from the 6th dimension just told me that you are full of it.
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May 02, 2014, 11:54:38 AM
 #23

Whatever happens, there is a prophecy that men will soon experience great wealth but many of them face the problem of having too little spiritual growth to support the gained riches. Whether that prophecy has something to do with bitcoin or not, remains unknown, but it may easily turn out that way. If I remember correctly, the prophecy had something to do with 2017 when man kind will move to the 5th dimension as a whole.

My psychic dog from the 6th dimension just told me that you are full of it.

Is your dog Herman? The 6th-dimensional planet smasher that Ziltoid tries to summon?

https://www.youtube.com/watch?v=65gsQucAsfE
pinksheep
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May 02, 2014, 11:56:47 AM
 #24

Just googled it - sounds fascinating Smiley



But more than a bit crazy!!!!!

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PRIMEDICE
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bananaControl
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May 02, 2014, 12:04:30 PM
 #25

Whatever happens, there is a prophecy that men will soon experience great wealth but many of them face the problem of having too little spiritual growth to support the gained riches. Whether that prophecy has something to do with bitcoin or not, remains unknown, but it may easily turn out that way. If I remember correctly, the prophecy had something to do with 2017 when man kind will move to the 5th dimension as a whole.

My psychic dog from the 6th dimension just told me that you are full of it.

Is your dog Herman? The 6th-dimensional planet smasher that Ziltoid tries to summon?

https://www.youtube.com/watch?v=65gsQucAsfE

Gee sure hope not, but she does come when I call "Herman" and wave a bone - this is mighty ominous indeed! Better spend all my coins on hookers and booze before it's too late.

TERA
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May 02, 2014, 12:12:36 PM
 #26

For the past year, prices have had nothing to do with adoption and everything to do with exchange trading, volume, and speculators. So if the price appears to you to not be following adoption, that is why.
yenom
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May 02, 2014, 02:30:03 PM
 #27

That this long-ass wait for a price change is normal.   Im getting frustrated.  A little disillusioned.  I mean surely adoption must be increasing around the world.  Yet the price goes nowhere.
LOL, the price is still moving by 3-5% a day during this "quiet" period. Let's take today as an example, BTC has only moved by 2.8%.



But all other major markets in the world have moved much less. What exactly do you want?

Why is it so much harder to be patient this time?  

What is your investment timescale? Are you a trader? If you are a trader, then I can imagine it must be quite dull, but look at the daily chart. There are very, very few candles with low range. Most (I would say > 80%) have decent range for trading. So, if you are a trader, you are impatient and you will lose your shirt.

If you're not a trader, but a hodler investor, then you should have patience longer than a few weeks or months. I am investing in bitcoin myself for a long, long time and I don't give two shits about the lack of volatility intraday, or even intra-week. I use an alert App on my Android device to alert me when the price has dropped 10%, so I can buy. I also have alerts at support and resistance levels and don't bother looking at the chart that much. I've got it down to twice a day now...  Grin

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Patience is bitter, but its fruit is sweet.
~ Aristotle
BittBurger
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May 02, 2014, 04:16:22 PM
 #28


Why is it so much harder to be patient this time?   


Cos this time, the price is grinding down. Jul-Oct, the price was grinding up, and then exploded to upside.

Yeah.  I think you're right.  Its more difficult because it is creeping downwards. 

If you look at the last "lull" it was going nearly straight sideways. 

We were doing the 190-220 thing for the entire 6 months.

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May 02, 2014, 04:45:48 PM
 #29

Holding bitcoin should be thought of as at least a 5-10yr position. We've gotten spoiled by the crazy bulls runs of 2013. Refactor your expectations.

It's an incredible opportunity to be present at the beginning of a ground-breaking new technology/paradigm. Humanity has not had ideal money since before we needed to transact quickly over distance. Now we've solved that 200yr old problem. To have an asymmetric investment opportunity along with that is icing on the cake.

Don't get greedy with your timeframes.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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Bit_Happy
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May 02, 2014, 06:49:57 PM
 #30

Holding bitcoin should be thought of as at least a 5-10yr position. We've gotten spoiled by the crazy bulls runs of 2013. Refactor your expectations.

It's an incredible opportunity to be present at the beginning of a ground-breaking new technology/paradigm. Humanity has not had ideal money since before we needed to transact quickly over distance. Now we've solved that 200yr old problem. To have an asymmetric investment opportunity along with that is icing on the cake.

Don't get greedy with your timeframes.

Really good advice.
This is the age of "instant everything", and now we have a chance to calm down and enjoy the ups and downs of a great adventure.

ThatDGuy
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May 02, 2014, 06:56:21 PM
 #31

Holding bitcoin should be thought of as at least a 5-10yr position. We've gotten spoiled by the crazy bulls runs of 2013. Refactor your expectations.

It's an incredible opportunity to be present at the beginning of a ground-breaking new technology/paradigm. Humanity has not had ideal money since before we needed to transact quickly over distance. Now we've solved that 200yr old problem. To have an asymmetric investment opportunity along with that is icing on the cake.

Don't get greedy with your timeframes.

Really good advice.
This is the age of "instant everything", and now we have a chance to calm down and enjoy the ups and downs of a great adventure.

I agree completely.  I've also now seen a few periods of apparent lulls like this one, and they are a great time to make some moves preparing for the next violent period of volatility.
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May 02, 2014, 07:54:23 PM
 #32

Holding bitcoin should be thought of as at least a 5-10yr position. We've gotten spoiled by the crazy bulls runs of 2013. Refactor your expectations.

It's an incredible opportunity to be present at the beginning of a ground-breaking new technology/paradigm. Humanity has not had ideal money since before we needed to transact quickly over distance. Now we've solved that 200yr old problem. To have an asymmetric investment opportunity along with that is icing on the cake.

Don't get greedy with your timeframes.

Really good advice.
This is the age of "instant everything", and now we have a chance to calm down and enjoy the ups and downs of a great adventure.

Instant everything sound pretty neat. What next, everyone knowing everything about everything? I think we're heading towards singularity.

nuff
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May 03, 2014, 07:02:30 AM
 #33

I'm actually quite happy with the way it is now. no more crazy swings. slowly but surely increasing in price at a more mature pace. I don't think I'd be comfortable if prices were 500 today, 1000 the next few weeks, then down to 300 in few months.
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May 04, 2014, 01:37:05 PM
 #34

....
Why is it so much harder to be patient this time?   

-B-

"We" are spoiled rotten by last years excitement, when BTC had two massive bull markets the same year.
The May/June 2011 rally took a full 18 months to heat up again; Let's hope we don't have to wait nearly that long.

When considering bitcoin's penetration into general public awareness, there is a stark difference between May 2011 and May 2014. For this reason alone, I think it is logical to assume there will not be an 18 month gap separating the late 2013 bull market from any future bull market.
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May 04, 2014, 01:40:11 PM
 #35

Why are we waiting for November?

I mean there's no guarantee that history will repeat itself, but the last "wait" was about 6 months.  We're at 5 months now.  So if history does repeat itself, we're looking at some changes coming in June-ish.

-B-

July may have some joy...but November will be rocketship city Cheesy


Any particular reason why? Most of the predictions I've seen are looking at a June +/- 1 month spike, based on the long term logarithmic chart.
mrbrt
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May 04, 2014, 01:43:58 PM
 #36

Whatever happens, there is a prophecy that men will soon experience great wealth but many of them face the problem of having too little spiritual growth to support the gained riches. Whether that prophecy has something to do with bitcoin or not, remains unknown, but it may easily turn out that way. If I remember correctly, the prophecy had something to do with 2017 when man kind will move to the 5th dimension as a whole.

That seems to me like 21st century Western civilisation in a nutshell.


It sounds like all of human history.
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May 04, 2014, 02:08:55 PM
 #37

Holding bitcoin should be thought of as at least a 5-10yr position. We've gotten spoiled by the crazy bulls runs of 2013. Refactor your expectations.

It's an incredible opportunity to be present at the beginning of a ground-breaking new technology/paradigm. Humanity has not had ideal money since before we needed to transact quickly over distance. Now we've solved that 200yr old problem. To have an asymmetric investment opportunity along with that is icing on the cake.

Don't get greedy with your timeframes.

I totally agree that you shouldn't invest to make a quick buck in a week but instead expect a positive return in 5-10years if you want to make money regularly long term
It is healthy to have corrections and it is natural to have a huge volatility and months where nothing too exciting is coming, there are a lot of work being put in new cool Bitcoin websites and new smart persons learning about Bitcoin everyday

I'm actually quite happy with the way it is now. no more crazy swings. slowly but surely increasing in price at a more mature pace. I don't think I'd be comfortable if prices were 500 today, 1000 the next few weeks, then down to 300 in few months.

It has been going down for 5months

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May 04, 2014, 04:00:31 PM
 #38

I'm actually quite happy with the way it is now. no more crazy swings. slowly but surely increasing in price at a more mature pace. I don't think I'd be comfortable if prices were 500 today, 1000 the next few weeks, then down to 300 in few months.

I think you are in the wrong place. This is the Bitcoin speculation forum. Bitcoin has been on a perpetual nasty downtrend for the whole of 2014 which shows no signs of abating. I really like the sounds of the asset which you are talking about though. Tell me more about this asset which is slowly but surely increasing in price at a more mature pace? I could do with getting some money into such an asset.

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May 04, 2014, 04:54:53 PM
 #39

I'm actually quite happy with the way it is now. no more crazy swings. slowly but surely increasing in price at a more mature pace. I don't think I'd be comfortable if prices were 500 today, 1000 the next few weeks, then down to 300 in few months.

I think you are in the wrong place. This is the Bitcoin speculation forum. Bitcoin has been on a perpetual nasty downtrend for the whole of 2014 which shows no signs of abating. I really like the sounds of the asset which you are talking about though. Tell me more about this asset which is slowly but surely increasing in price at a more mature pace? I could do with getting some money into such an asset.

Haha

Quote
I don't think I'd be comfortable if prices were 500 today, 1000 the next few weeks, then down to 300 in few months.
is pretty much what is happening; when the price is high it brings a lot of new players in the game, some of them will stay invested even when it goes down and the community has grown that way

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