I am done with Bitcoin!

[Octavius]

everyone should listen to me, do not buy bitcoin! bitcoin is going to nowhere but down!

sell and cut loose now! those who ask you to buy "cheap" coins since $1200 are ponzi scheme scammers

very funny pic, may i use it in my post?

yes of course 

[Razick]

It just goes down and down. I am out of 30% of my investment. This technology sucks.

You guys fucked me over big time, convinving me that this was real. It was a fad all along. Ponzi scheme at its best!

Sold all at 550-510 levels. I am out. Done. Bye.

(would a retard say)

What do natural fluctuations in the price of a very new currency have to do with the technology? You should have known it was volatile going in, if you lost money, as I have, I'm sorry to hear that, but it's on you.

By the way, investing is about buying when others are selling and selling when others are buying. It's up to you, but this is the time to buy not to sell.

Edit: Nevermind, I missed the small print. 

[Hfleer]

This threads responses are amazing.

[giveBTCpls]

What we needs is merchants and ease of use, we need to make people stop seeing bitcoin as a speculation tool, otherwise it will never a currency, but more a sort of gold 2.0, which im ok with too, but its not as cool as calling it a digital currency and shopping with it.

[STT]

Good idea, one day it may be worth 1 million dollars.

but with inflation....

A million would buy a loaf of bread, useful    but not useless!  Most people negatively speculate (or fear) that bitcoin will become zero worth, I'd say if it maintains value even if thats only 100 over ten years then it will have proved itself as a useful product - transactionally.   Right now its all things to all people, somehow an investment and pure cash Dreams of it going to a million are the other absolute end of the scale are probably equally as wrong.

If you know investment, you should already know the first rule of investment is to never sell when price drops

I dont think its that absolute.   Warren Buffet would say price is what you pay and value is what you get.   So what do you get when you take some bitcoin after you have paid a price and is that valuable to you, its a more personal question probably.  
In a country like Vietnam or Argentina then owning bitcoin maybe does not drop in price as the value to them is they avoid their local inflation and dollars are not freely available as a product in that country.

If the growth of countries that do value BTC continues or the people grow in their usage then price is likely going up.  Simply there are billions of people and millions of coins so that is a rising trend.   If you really do fear the worst then flip it and tell me what product is much more useful that it will do better then BTC and replace its market appeal

[GangkisKhan]

Need to have strong stomach to invest in bitcoin as the fluctuation can be as large as 70%.

[Amph]

funny thing is that you still have your primedice sign, to make more bitcoin lmao

[elebit]

my investment

This is one of the big problems I see. Lots of people think Bitcoin is some kind of "investment scheme", it's not. Would you "invest" your money by depositing it into PayPal? Bitcoin is a replacement for PayPal. Use it just like you would PayPal. If you need to accept or send a payment to/from someone over the internet, then use bitcoin. Buying bitcoins to speculate on the value is gambling, not investing.

It's not more strange than to "invest" in USD or EUR. When the Euro fell last spring I actually invested some. Sooner or later they will fix their economy and I'll sell.

Anything can be an investment. Even stamps or toys. But no investment is safe of course, otherwise everyone would do it.

[inca]

my investment

This is one of the big problems I see. Lots of people think Bitcoin is some kind of "investment scheme", it's not. Would you "invest" your money by depositing it into PayPal? Bitcoin is a replacement for PayPal. Use it just like you would PayPal. If you need to accept or send a payment to/from someone over the internet, then use bitcoin. Buying bitcoins to speculate on the value is gambling, not investing.

ps. I'm not blind, I was just speaking generally as I continually hear people refer to their bitcoin "investment".

Bitcoin IS an investment. It's the best investment in modern history. Comparing it with depositing to PayPal is outright silly since that's a loan to Ebay (paypal is a subsidiary to Ebay) while buying Bitcoin means owning a percentage of a limited commodity.

How can people not get this?

They do get it. All the bears and trolls who have crawled out of the woodwork bleating the end of the world (when it is obvious this move down has run out of steam) believe in bitcoin just as much as you. That's why they want your coins.

[MatTheCat]

They do get it. All the bears and trolls who have crawled out of the woodwork bleating the end of the world (when it is obvious this move down has run out of steam) believe in bitcoin just as much as you. That's why they want your coins.

LOL!

Is that what you call wishful thinking or is it rather more self delusion?

No it fucking aint obvious at all m8.

It is anything but obvious.

In EW terms, $545 should not have been taken out in order that the bearish Wave 4 be considered as over and done with, leaving us somewhere in a wave 5. But since we are now sub $500, it seems like we are still in wave 4.

Wave A $1160 - $340
Wave B $340 - $680
Wave C $680 - (HINT, generally lower than $340 would be expected over the course of time)

For Bitcoin to go back up, someone is going to have to start buying. Who is going to start buying shit tons of Bitcoin? The leveraged long traders on Bitfinex who have been totally liquidised to the tune of millions of USD? The bag-holders who are hovering over the charts looking on a chance to break even. For the price slide to stop, fresh investment capital has to come into Bitcoin and from where it is going to come, is anything but obvious.

[Newbie1022]

They do get it. All the bears and trolls who have crawled out of the woodwork bleating the end of the world (when it is obvious this move down has run out of steam) believe in bitcoin just as much as you. That's why they want your coins.

LOL!

Is that what you call wishful thinking or is it rather more self delusion?

No it fucking aint obvious at all m8.

It is anything but obvious.

In EW terms, $545 should not have been taken out in order that the bearish Wave 4 be considered as over and done with, leaving us somewhere in a wave 5. But since we are now sub $500, it seems like we are still in wave 4.

Wave A $1160 - $340
Wave B $340 - $680
Wave C $680 - (HINT, generally lower than $340 would be expected over the course of time)

For Bitcoin to go back up, someone is going to have to start buying. Who is going to start buying shit tons of Bitcoin? The leveraged long traders on Bitfinex who have been totally liquidised to the tune of millions of USD? The bag-holders who are hovering over the charts looking on a chance to break even. For the price slide to stop, fresh investment capital has to come into Bitcoin and from where it is going to come, is anything but obvious.

This.

And Ethereum, even if they are selling off exchange, are unloading to people who will also likely consider unloading (at least some of them).

And Dell, Wikipedia, etc. retailers have to convert their coins to fiat to pay employees, cover expenses, etc. (They should just do things in BTC, but we made the mistake as a community of courting adoption before laying out the groundwork/infrastructure).

And we're one decent piece of FUD from cascades.

And somebody is technical trigger hunting on the market.

BUT... GABI should be looking to buy soon and the Winklevi ETF should garner some attention.

Ergo, it's not all doom and gloom, but it isn't like there is no reason to be concerned at all.

[seljo]

Can't take serious anyone who rents it's signature for a fee.

[jonald_fyookball]

They do get it. All the bears and trolls who have crawled out of the woodwork bleating the end of the world (when it is obvious this move down has run out of steam) believe in bitcoin just as much as you. That's why they want your coins.

LOL!

Is that what you call wishful thinking or is it rather more self delusion?

No it fucking aint obvious at all m8.

It is anything but obvious.

In EW terms, $545 should not have been taken out in order that the bearish Wave 4 be considered as over and done with, leaving us somewhere in a wave 5. But since we are now sub $500, it seems like we are still in wave 4.

Wave A $1160 - $340
Wave B $340 - $680
Wave C $680 - (HINT, generally lower than $340 would be expected over the course of time)

For Bitcoin to go back up, someone is going to have to start buying. Who is going to start buying shit tons of Bitcoin? The leveraged long traders on Bitfinex who have been totally liquidised to the tune of millions of USD? The bag-holders who are hovering over the charts looking on a chance to break even. For the price slide to stop, fresh investment capital has to come into Bitcoin and from where it is going to come, is anything but obvious.

Elliot Wave is absolute rubbish!
You say you are a failed trader -- well if you are trying to use EW, it is no wonder.

Stick to simple price action -- trends, ranges, S/R... (and most importantly fundamentals) ... and you may have a shot.

[bomb177]

The today's dead cat rebound is bigger than I expected, maybe we really hit the bottom?

[fonzie]

The today's dead cat rebound is bigger than I expected, maybe we really hit the bottom?

You should wait until @ least 800$. This would be a clear sign to go all in.





Fonzie-  Bitcointalks most profitable trader in 2013 ™

[fusioncoins]

technology sucks because of the price

[counter]

Can't take serious anyone who rents it's signature for a fee.

Can't take serious anybody who doesn't appreciate the free market while being a hero member of a Bitcoin froum.  Silk Road you can accept a paid signature is where you draw that line..  

[counter]

technology sucks because of the price

technology sucks because of the price

Don't know about you but I'm throwing my arms in the air and yelling panic!

[Hfleer]

Again: Amazing, most people don't read the opening post before posting.

[BittBurger]

my investment

This is one of the big problems I see. Lots of people think Bitcoin is some kind of "investment scheme", it's not. Would you "invest" your money by depositing it into PayPal? Bitcoin is a replacement for PayPal. Use it just like you would PayPal. If you need to accept or send a payment to/from someone over the internet, then use bitcoin. Buying bitcoins to speculate on the value is gambling, not investing.

ps. I'm not blind, I was just speaking generally as I continually hear people refer to their bitcoin "investment".

In this (bad) analogy, Bitcoin is akin to owning stock in a company like PayPal pre-IPO.  So yes.  I would invest.

-B-