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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Semi-rational exuberance anyone?
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Author Topic: Semi-rational exuberance anyone?  (Read 11613 times)
Hans0
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June 08, 2011, 06:45:30 PM
 #61
To add some credibility to what I am saying from the beginning: http://www.youtube.com/watch?v=so1x4hunlII

Again: Do not watch the current price, it means nothing. If you want to get in, do not watch the price just buy.
Bit_Happy (OP)
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June 08, 2011, 08:59:41 PM
 #62
Many of the same people who were panic buying are now panic selling or close to pushing the trigger.
This is a time to buy!
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June 08, 2011, 09:06:16 PM
 #63
Edit:
Down almost 33%: Don't Sell  |  Buy Now if You Can!!!

>>> Why is everyone acting like scared sheep?
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Freakin
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June 08, 2011, 09:11:43 PM
 #64
Quote from: Bit_Happy on June 08, 2011, 09:06:16 PM
Edit:
Down almost 33%: Don't Sell  |  Buy Now if You Can!!!

>>> Why is everyone acting like scared sheep?

because they are scared sheep
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June 08, 2011, 09:17:28 PM
 #65
I knew as soon as Silk Road closed reg's epic buying frenzy would cease
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June 08, 2011, 09:23:37 PM
 #66
Coming back up fast now, hope it keeps up.  Smiley
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June 08, 2011, 10:30:29 PM
 #67
Quote from: Bit_Happy on June 08, 2011, 09:06:16 PM
Edit:
Down almost 33%: Don't Sell  |  Buy Now if You Can!!!

>>> Why is everyone acting like scared sheep?

Short term market development is 95% controlled by public news reports and rare events like silkroad opening/closing. Does not mean anything for the long-term value. Daytrading with bitcoins is a mistake because you might win 20% a few times but you might miss the next 2x rally. Just buy and hold indefinitely for max profit.
Bit_Happy (OP)
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June 10, 2011, 06:05:24 PM
 #68
In almost any investment market the majority of people lose money.
Why? When the fear is high and the price is low you need to buy!!!

Today's high was over $29
{"ticker":{"high":29.399,"low":24.5,"vol":55101,"buy":24.5,"sell":24.61,"last":24.5}}
Great time to buy now.
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June 10, 2011, 06:53:02 PM
 #69
Quote from: Bit_Happy on May 09, 2011, 10:11:19 AM

Great time to buy now.

The next few days should be pretty exciting.  Shocked


+1

I jumped in when the price was in the mid twenties. I think this is the sweet spot to buy.
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June 10, 2011, 08:23:18 PM
 #70
Be greedy when others are fearful, and fearful when others are greedy.

-Warren Buffett
Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
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June 10, 2011, 08:45:39 PM
 #71
Quote from: bitcoinminer on June 10, 2011, 08:23:18 PM
Be greedy when others are fearful, and fearful when others are greedy.

-Warren Buffett

+1 Billion   Cheesy
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June 12, 2011, 03:40:34 PM
 #72
Wow, nice move today (just now) someone didn't learn we need kinder, gentler rallies.   Cheesy

Greed and Fear rule the markets!
Won't people ever learn to calm down?
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