Another Bitcoin Analyst

[MatTheCat]

I guess your rant a few days ago about if others are ever correct, it means it was pure luck means no.

We are not talking about trashing people with 'other investment' strategies here.

The Bitcoin Nutter doesn't have an investment strategy.

The Bitcoin Nutter has hype, hope, and denial.....

......and nothing else.

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[Ibian]

Just ran the numbers, my average buyin is about $773. This includes a few laptops specifically for bitcoin use, minor transportation costs and a parking ticket.

This is satisfactory. If bitcoin reaches even a fraction of its potential then I already have enough to last a lifetime. Just need a little patience.

And for the record mat, you stopped being amusing long ago. Temporarily unignoring you because why the hell not. Thing is, the only one taking part in your little pissing contest is you. If the price goes to 100k, I will be busy living a better life and it doesn't matter. It it collapses, things will continue as usual and it doesn't matter.

[Swordsoffreedom]

Just ran the numbers, my average buyin is about $773. This includes a few laptops specifically for bitcoin use, minor transportation costs and a parking ticket.

This is satisfactory. If bitcoin reaches even a fraction of its potential then I already have enough to last a lifetime. Just need a little patience.

I agree with you can dollar cost average it to a lower rate since the present rate is lower than the current rate
That said it's not a bad entry point for the potential it has just need to be patient

[Gimmelfarb]

LOL

Sure they have.

JimboToronto, cost Average ~ $900
Ibian,            cost Average ~ $800
segeln,          cost Average ~ $750

When Bitcoin is going up, the average Bitcoin Nutter will always outperform me by a country phucking mile, as the Bitcoin Nutter will be holding from the very onset of the break-out right to the very top of the market. It is when the price action goes into reverse that the Bitcoin Nutter tends not to do so well!

Is there a certain price point where you would give up on trashing people for having a different investment strategy than you?
4k? 
I guess your rant a few days ago about if others are ever correct, it means it was pure luck means no.

i have no problem with position investing (e.g. "I will buy anything below $800 because we are going to $5k+) ... but people like JimboToronto constantly talk shit about bears no matter what price level. so while position investing is fine, clearly the other side of the coin here is that some of these position investors have zero respect for swing traders. naturally, there will be some hostility to those that show hostility.

[MatTheCat]

i have no problem with position investing (e.g. "I will buy anything below $800 because we are going to $5k+) ... but people like JimboToronto constantly talk shit about bears no matter what price level. so while position investing is fine, clearly the other side of the coin here is that some of these position investors have zero respect for swing traders. naturally, there will be some hostility to those that show hostility.

I second that tbh.

Not entirely fair to talk about 'Bitcoin Nutters' and then group Ibian and Segeln in with them....I just happen to know those guys purported buy-in price.

When I speak of Bitcoin Nutter, I am really talking about complete fucking mongols such as JimboToronto....and many countless dozens of others. Indeed, the majority of posters on this forum.....or it seems that way anyhow.

[adamstgBit]

I guess your rant a few days ago about if others are ever correct, it means it was pure luck means no.

We are not talking about trashing people with 'other investment' strategies here.

The Bitcoin Nutter doesn't have an investment strategy.

The Bitcoin Nutter has hype, hope, and denial.....

......and nothing else.

The Bitcoin FUDster doesn't want to invest in Bitcoin.

The Bitcoin FUDster's "investment strategy" is betting that bitcoin is a scam, phad, trival.

The Bitcoin FUDster is chicken shit, unimaginative, and obviously wrong.

I bet on a Bitcoin Nutter over a Bitcoin FUDster anyday of the week.

[YipYip]

I guess your rant a few days ago about if others are ever correct, it means it was pure luck means no.

We are not talking about trashing people with 'other investment' strategies here.

The Bitcoin Nutter doesn't have an investment strategy.

The Bitcoin Nutter has hype, hope, and denial.....

......and nothing else.

The Bitcoin FUDer doesn't want to invest in Bitcoin.

The Bitcoin FUDer's "investment strategy" is betting that bitcoin is a scam, phad, trival.

The Bitcoin FUDer is chicken shit, unimaginative, and obviously wrong.

I bet on a bitcoin Nutter over a FUDer anyday of the week.

What I really dont understand that with so much hate & negativity is why do they still hang around like an old fart in a poorly ventilated room

Its like bitcoin has hurt them in some way and they want revenge .....I would like to quietly point out that bitcoin is a technology and not your abusive farther/mother

[Arghhh]

I guess your rant a few days ago about if others are ever correct, it means it was pure luck means no.

We are not talking about trashing people with 'other investment' strategies here.

The Bitcoin Nutter doesn't have an investment strategy.

The Bitcoin Nutter has hype, hope, and denial.....

......and nothing else.

The Bitcoin FUDer doesn't want to invest in Bitcoin.

The Bitcoin FUDer's "investment strategy" is betting that bitcoin is a scam, phad, trival.

The Bitcoin FUDer is chicken shit, unimaginative, and obviously wrong.

I bet on a bitcoin Nutter over a FUDer anyday of the week.

What I really dont understand that with so much hate & negativity is why do they still hang around like an old fart in a poorly ventilated room

Its like bitcoin has hurt them in some way and they want revenge .....I would like to quietly point out that bitcoin is a technology and not your abusive farther/mother

It's simple, they're daytraders, shorters... basically people who have something to gain from spreading FUD and driving prices down.

It's part of their strategy, and no matter how scummy or counterproductive it is to the rest of us, they will continue because they have something to gain from it.

[Gimmelfarb]

What I really dont understand that with so much hate & negativity is why do they still hang around like an old fart in a poorly ventilated room

Its like bitcoin has hurt them in some way and they want revenge .....I would like to quietly point out that bitcoin is a technology and not your abusive farther/mother

well, i can see why someone who "missed the boat" on bitcoin might feel bitter and would want to cope by putting bitcoiners down, so to speak. but i also don't think all of those that you guys might label "FUDsters" fit in that category.

[YipYip]

What I really dont understand that with so much hate & negativity is why do they still hang around like an old fart in a poorly ventilated room

Its like bitcoin has hurt them in some way and they want revenge .....I would like to quietly point out that bitcoin is a technology and not your abusive farther/mother

well, i can see why someone who "missed the boat" on bitcoin might feel bitter and would want to cope by putting bitcoiners down, so to speak. but i also don't think all of those that you guys might label "FUDsters" fit in that category.

Everybody can get into this market ESPECIALLY NOW !!!  or am i being a nuter again

Even for the last 2 weeks I am up a low 5 digit sum from simply HODL

Its really not rocket science ...To make a $100 trading penny stocks is hard hard work ... bitcoin is investment for the mass's

[Gimmelfarb]

What I really dont understand that with so much hate & negativity is why do they still hang around like an old fart in a poorly ventilated room

Its like bitcoin has hurt them in some way and they want revenge .....I would like to quietly point out that bitcoin is a technology and not your abusive farther/mother

well, i can see why someone who "missed the boat" on bitcoin might feel bitter and would want to cope by putting bitcoiners down, so to speak. but i also don't think all of those that you guys might label "FUDsters" fit in that category.

Everybody can get into this market ESPECIALLY NOW !!!  or am i being a nuter again

Even for the last 2 weeks I am up a low 5 digit sum from simply HODL

Its really not rocket science ...To make a $100 trading penny stocks is hard hard work ... bitcoin is investment for the mass's

sure, HODL is great for the last 2 weeks in an up trend. how is HODL over the past 5 months? i have no problem with HOLDers, but it ain't for everybody.

[Torque]

Yeah, let me just remind everyone again of what brilliant sage TA advice that MatTheCat serves up.  Also notice that the first 2 posts were as recent as May:

As it happens I never shorted at $520 and I never shorted at $430 either just as I amn't going to short now. Whether my $200 range call comes good anytime soon I don't know, but Bitcoin testing $360 is looking very very likely. Infact, I would go as far as to say that it is already written on the wall

I am not saying sub $300 this weekend. I am saying next significant support level is $260. Sooner or later, Bitcoin is going to have to test the upper resistance or the lower support. It seems pretty obvious to me which is the more likely of the two scenarios to play out.

I will take a much longer break from Bitcoin than 6 months. I have been against Bitcoin philosophically for some time but was addicted to trading it cos I was winning. Now that I am losing, I have no further interest in it. I will be back here to indulge in some empty gloating when Bitcoin hits $200 range like I said it would....and it will.

Sorry Ibian old bean, but $200 range it will be. Bitcoin takes these near vertical counter trend price spikes, rises 40% within a few days and then we find time and time again that there is no demand for Bitcoin at these levels cos the only real demand for Bitcoin is speculative demand. If people can't make money from it then they don't buy it and start selling it.

My advice to n00bs coming to Bitcoin now is don't buy Bitcoin right now. 1 day MACD is about to cross to the downside and with the manipulated short squeezing pump up to $540 aside, there is absolutely not enough interest in Bitcoin at these prices, to sustain these prices. Bitcoin is going to $200 range. I would recommend an upper $200 buy-in order and even if Bitcoin drops a whole lot further than this, there will always be an opportunity for the n00b investor to break even if he enters at a $260-$300 range. Buy-in now at $450 and by the end of next week, you may never see the $450 Bitcoin again for a very long time. Perhaps such a long time that your tolerance for loss will break and you will cash out taking a substantial hair cut.

I would certainly look to buy in sub $300 territory with a belief that a strong reversal must surely be on the cards should Bitcoin touch into the $200 range. Failing that, whenever I see an opportunity for a bit of upside and I feel comfortable enough being long Bitcoin. I was long Bitcoin just a couple of days ago, but didn't feel comfortable with it so cashed right back out.

You are last person that I would take Bitcoin call from. I just want to let you know that.
And I never said $200, I said $200 range. If Bitcoin hits $299, then I am right.

I am bearish on Bitcoin because it has been going down overall and will continue to do so. With that said, I shall never short Bitcoin again as I have discovered that engaging in this activity opens a whole psychological can of worms that I am not good at dealing with. By the same token, I shall never use leverage in Bitcoin ever again. The next time I shall buy Bitcoins is when we are back down at the lower range of the trendline. Next stop mid $200 range.

Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.

I have (practically) no market position that is affecting my emotional state. I say Bitcoin is going back to $200 range. If I am proven wrong than I shall be ready to jump back on if/when Bitcoin takes out and holds above important resistances (first being $480-$490), but will of course drop the lot the minute things start to look a bit shaky, as for me, my better instincts tell me that the writing is on the wall for Bitcoin.

In fact, I can't and won't give you credit for being "right" unless we see 250. That's your call. So until then, why don't you go do something else or stop beating your chest for things most other people know too.

$250 wasn't my call!

$200 Range is my call! Maybe not tomorrow, nor the day or week after that....But Bitcoin will grind painfully down over the course of time, interspersed with the odd 'spirit rekindling' counter trend rally of course. My sentiment couldn't be more apathetic right now, but when I put my mind  or energies into anything, I generally find myself ahead of the trend.

MatTheCat is calling $200 range Bitcoin! Before any further ATH can ever be seen, if indeed any ATHs are ever seen again. If this doesn't transpire, then everyone can quote this statement for truth to eternity whenever I rear my head on this forum.

[Ohh Pewee]

I guess your rant a few days ago about if others are ever correct, it means it was pure luck means no.

We are not talking about trashing people with 'other investment' strategies here.

The Bitcoin Nutter doesn't have an investment strategy.

The Bitcoin Nutter has hype, hope, and denial.....

......and nothing else.

I'd rather have an investment strategy of a bitcoin nutter, rather than be blatantly wrong on 90% of my predictions like you.  Your track record is terrible, yet you try to find a way to make it seem like you knew what was going to happen all along.

Go sit on your paws mat weak hands. The only people listening to your advice are the ones losing money.

[MatTheCat]

I'd rather have an investment strategy of a bitcoin nutter, rather than be blatantly wrong on 90% of my predictions like you.  Your track record is terrible, yet you try to find a way to make it seem like you knew what was going to happen all along.

Go sit on your paws mat weak hands. The only people listening to your advice are the ones losing money.

Making the a prediction and saying it 10 times, doesn't count as 10 predictions u fucking halfwit.

How about you go look at my last 'prediction', Bitcoin at $585, just before the top. What did I say, and what happened?

My $200 range Bitcoin prediction will happen, just not yet. We are now undeniably in Wave B, Bitcoin to $700 range at least.

Q) But will any of you fuckwits know when to cash in when the retracement has ran its course?

A) NO!

[williamj2543]

Hit 1000$!!!

[Gingermod]

Hit 1000$!!!

;^)

[Ohh Pewee]

I'd rather have an investment strategy of a bitcoin nutter, rather than be blatantly wrong on 90% of my predictions like you.  Your track record is terrible, yet you try to find a way to make it seem like you knew what was going to happen all along.

Go sit on your paws mat weak hands. The only people listening to your advice are the ones losing money.

Making the a prediction and saying it 10 times, doesn't count as 10 predictions u fucking halfwit.

How about you go look at my last 'prediction', Bitcoin at $585, just before the top. What did I say, and what happened?

My $200 range Bitcoin prediction will happen, just not yet. We are now undeniably in Wave B, Bitcoin to $700 range at least.

Ok, just continue on through life never admitting you were wrong.

[MatTheCat]

Ok, just continue on through life never admitting you were wrong.

I am wrong often.

I try and pay attention to the errors I make and what caused them in order that I don't repeat them. That is something that I do whereas many here don't.

[Ibian]

What I really dont understand that with so much hate & negativity is why do they still hang around like an old fart in a poorly ventilated room

Its like bitcoin has hurt them in some way and they want revenge .....I would like to quietly point out that bitcoin is a technology and not your abusive farther/mother

well, i can see why someone who "missed the boat" on bitcoin might feel bitter and would want to cope by putting bitcoiners down, so to speak. but i also don't think all of those that you guys might label "FUDsters" fit in that category.

Everybody can get into this market ESPECIALLY NOW !!!  or am i being a nuter again

Even for the last 2 weeks I am up a low 5 digit sum from simply HODL

Its really not rocket science ...To make a $100 trading penny stocks is hard hard work ... bitcoin is investment for the mass's

sure, HODL is great for the last 2 weeks in an up trend. how is HODL over the past 5 months? i have no problem with HOLDers, but it ain't for everybody.

If you can't successfully trade, and most people can't, you have to find alternatives. On the other hand, and maybe I'm just seeing things, but it looks like most daytraders make shitty holders.

[Torque]

Ok, just continue on through life never admitting you were wrong.

I am wrong often.

Yes, you are.  And you are a fkn idiot clown.  Quit trying so hard to convince people here that you have an inkling of a clue as to what you are doing.