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Author Topic: Stop using the term "weak hands"  (Read 5091 times)
jcoin200 (OP)
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October 05, 2014, 12:25:44 AM
 #41

Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!"  Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish.  One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand."  Funny because you should be calling them "smart hands."

I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.

Good luck to holders though.

So is your suggestion to sell all the  bitcoin now ? I think this is not the real solution Wink .   The price will  raise  (  I think)  in the next block reward halving (2016) .



2016. 2016. 2016. We're in 2014. Everyone will have plenty of time to buy back in before 2016, so why mindlessly hodl while Bitcoin is crashing?

I love cryptocurrencies. I think they will succeed big time. Decentralized digital currency is here to stay. However, we're currently in the midst of a crash. People who convert to fiat will be able to buy back more bitcoin during the next rise, whenever that rise happens. As someone who is looking to maximize the number of bitcoins I own, the last thing I would be doing right now is hodling. In fact, I'm shorting, so that when bitcoin rises again, I can not only buy more coins because they're cheaper, but also buy more coins because I have more money.

I agree. I think the technology behind btc is incredible, but the price right now is showing that it was just manipulated to the ath last winter. Still no demand for it, and definitely no "imminent mass adoption" any time soon. Yes the mainstream media may unfairly connect btc with drug trade, isis (clearly anti btc propaganda), etc, but its scaring off people and giving btc a bad rep. Oh well, I think those saying btc will drop to the 100-200 level and trade in that level for quite somr time are right
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October 05, 2014, 12:37:57 AM
 #42

I like this thread.  It is a great positive indicator...the emotions, the ad hominem attacks, so many people so certain of their opinion that they feel justified in saying things about others on an anonymous forum that they would not say in person. 

Still waiting, by the way, for somebody to tell me about the cup of coffee they bought with unrealized gains.  They aren't actual gains.  Unrealized losses mean that one did not buy at the very bottom.  Frankly, most people don't manage to pull off that feat of buying at the bottom.  Stuff your fiat in a mattress if you don't want unrealized losses.
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October 05, 2014, 01:10:35 AM
 #43

funny how emotional people become; instead of buying continuously to cost average they buy high and then start whining.

look what bears like fallling do: talk BTC down and invest continously, every month a fixed dollar amount - that way you average down  Wink

say you invest $100 per month. if price is high you buy less coins, if price is low you buy more coins, so you have more cheap coins than expensive coins, voila, the miracle of cost averaging

Truth is the new hatespeech.
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October 05, 2014, 01:21:18 AM
 #44

they are losing money if they are holding btc. 

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.



This post is so wrong it's not even funny.

All you need to do is look at Affymax inc. It's a company that started trading at $30.00 eight years ago. Now its shares are worth $0.14! It's basically worthless and will probably go bankrupt soon. Despite all that, you're telling me that the people who held that company's stocks didn't lose money because they didn't sell?

Read a finance book, man. You need it.

 
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October 05, 2014, 02:00:42 AM
 #45

when the bears come out in numbers I buy,

weak hands is the antonym of bagholder.

I would not sell at any price as I am in BTC forever, its not going back to FIAT.

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October 05, 2014, 02:07:39 AM
 #46

People who use the terms "weak hands" and "sheeple":

- Worried or panicking as they look at their profit dwindle or are already deep underwater.  Someone did buy bitcoins at over US$1100 within the last year


People who go on the Speculation forum to chastise others for being idiot investors and gloating in bitcoin going to zero:

- Maybe owned a few bitcoins but sold far too early, didn't buy them cheap and missed out on massive easy profits.  They feel terrible now so will do everything to spoil the show for anyone who did get lucky and win the speculation game.
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October 05, 2014, 02:44:04 AM
 #47

"Weak hands" imply holders who sell at the wrong time. Due to the fact that different people trade according to different time horizons (fractals), nobody can really say whether the people currently selling have "weak hands" or not.

I am in it for the long term and I don't mind losing all of my BTC holdings so I am not selling. I have no problems with people selling now if they feel that it is in their best interests to do so. Personally, I'd rather not trade in and out between BTC and fiat because I don't have the time to do so and frankly I know that can't predict the market with the degree of accuracy that some people here think they can.
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October 05, 2014, 02:47:04 AM
 #48

I think i prefer it hugely when the heroes and legendarys post on this forum.
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October 05, 2014, 07:03:06 AM
Last edit: October 05, 2014, 07:27:52 AM by Amph
 #49

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.



Please stop with this already. It's an unrealized loss, which doesn't make it any less real.

unrealized... how do you know that it won't go up again? magic ass ball? that thing is true, but maybe the sentence is not completed, i repeat it here

until there is a chance to go up again, you won't lose anything if you just hold and don't sell for less than you paid

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.


Are you literally stupid?

I mean literally, like IQ under 90?

Because you do realise what unrealised losses are?

Or not?

How dumb are you?

read above and tell me how much is your QI now, i think is lower than 90, probably the same number without the zero


A few things about this post:

1)  If you've been holding in a down market, then two bad things have happened to you.  First, you've lost purchasing power.  Second, you haven't even realized your loss so that you can write it off on your taxes this year.  It's a really bad habit to get into to try to pull all sorts of mental gymnastics to try to convince yourself that you're a good investor and you're making money when your position is continually losing ground.

2)  Saying "how do you know it won't go up again?" is a question that holds as much weight as "how do you know it won't keep going down?"  It means nothing.   There is no information to pull from it that can help you to make a rational decision.  Furthermore, there are no magic rules of investing that dictate an investment must appreciate after significant periods of depreciation.  

3)  This is more of a personal observation, but I really think that a lot of people's investment decisions are heavily influenced by discussions on this forum, and not in a good way.  I see a lot of permabulls and permabears, but it's shockingly uncommon to read posts that aren't emotionally loaded and don't veer to one extreme or the other.  For a lot of people, there is no middle ground.

4) "Until there is a chance to go up again..."?  What the hell?   I don't even know where to begin with this. *Every* moment is a chance for BTC to up again.  Where have you been the past 10-11 months?  Bitcoin isn't dropping in price due to chance, just as Bitcoin didn't shoot past $1000 USD by chance.  Focus on *real* things.  Instead of thinking about the "chance" that BTC might go up again, maybe you should first ask yourself why you aren't buying all the BTC you can right now.   It might be a good starting place as it may provide insight as to why everyone else isn't out buying up all the BTC.

5)  Here's a thought experiment for you:  How about you sell all of your belongings for BTC and hold them indefinitely?  According to your logic, this will preserve your wealth for infinite time (as long as you don't sell).  Ingenious, right?  Roll Eyes

i'm in fact all in with btc(well not totally, i still have my house lol), i still think that in a market like this until you don't sell you can't lose, because the chance to see a pump again are high enough

you don't need a wall of text to explain this, it's so simple, and for your last sentence, i can just reply with "don't invest more than you can afford and bla bla", this doesn't make my point less valid at all

that quote is just misleading, it should be "until the coin isn't dead if you don't sell you don't lose anything", no one said that in that quote is implied that the coin can't die
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October 05, 2014, 07:04:30 AM
 #50

Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!"  Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish.  One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand."  Funny because you should be calling them "smart hands."

I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.

Also, what happens if another exchange (maybe btc-e??) goes down.  BTC couldnt handle that.

Good luck to holders though.
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October 05, 2014, 07:54:24 AM
 #51

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.



Please stop with this already. It's an unrealized loss, which doesn't make it any less real.

unrealized... how do you know that it won't go up again? magic ass ball? that thing is true, but maybe the sentence is not completed, i repeat it here

until there is a chance to go up again, you won't lose anything if you just hold and don't sell for less than you paid

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.


Are you literally stupid?

I mean literally, like IQ under 90?

Because you do realise what unrealised losses are?

Or not?

How dumb are you?

read above and tell me how much is your QI now, i think is lower than 90, probably the same number without the zero


A few things about this post:

1)  If you've been holding in a down market, then two bad things have happened to you.  First, you've lost purchasing power.  Second, you haven't even realized your loss so that you can write it off on your taxes this year.  It's a really bad habit to get into to try to pull all sorts of mental gymnastics to try to convince yourself that you're a good investor and you're making money when your position is continually losing ground.

2)  Saying "how do you know it won't go up again?" is a question that holds as much weight as "how do you know it won't keep going down?"  It means nothing.   There is no information to pull from it that can help you to make a rational decision.  Furthermore, there are no magic rules of investing that dictate an investment must appreciate after significant periods of depreciation.  

3)  This is more of a personal observation, but I really think that a lot of people's investment decisions are heavily influenced by discussions on this forum, and not in a good way.  I see a lot of permabulls and permabears, but it's shockingly uncommon to read posts that aren't emotionally loaded and don't veer to one extreme or the other.  For a lot of people, there is no middle ground.

4) "Until there is a chance to go up again..."?  What the hell?   I don't even know where to begin with this. *Every* moment is a chance for BTC to up again.  Where have you been the past 10-11 months?  Bitcoin isn't dropping in price due to chance, just as Bitcoin didn't shoot past $1000 USD by chance.  Focus on *real* things.  Instead of thinking about the "chance" that BTC might go up again, maybe you should first ask yourself why you aren't buying all the BTC you can right now.   It might be a good starting place as it may provide insight as to why everyone else isn't out buying up all the BTC.

5)  Here's a thought experiment for you:  How about you sell all of your belongings for BTC and hold them indefinitely?  According to your logic, this will preserve your wealth for infinite time (as long as you don't sell).  Ingenious, right?  Roll Eyes

i'm in fact all in with btc(well not totally, i still have my house lol), i still think that in a market like this until you don't sell you can't lose, because the chance to see a pump again are high enough

you don't need a wall of text to explain this, it's so simple, and for your last sentence, i can just reply with "don't invest more than you can afford and bla bla", this doesn't make my point less valid at all

that quote is just misleading, it should be "until the coin isn't dead if you don't sell you don't lose anything", no one said that in that quote is implied that the coin can't die

If you can afford to do so and don't mind losing your investment, then that's fine.   But your reply, "Don't invest more than you can afford and bla bla," is irrelevant to the issue of gain or loss.  The question is whether holding in a down market yields a loss, not whether you're okay with it.

I think you're incorrect in that my last point doesn't make yours less valid.  It does, because it's the exact same action you took to reach your current position, only to an extreme degree.  

But seriously, dude, come on.   Even though unrealized gains/losses function the same way in stock trading, bitcoins are currency!  How are you going to sit there and tell me you haven't lost anything when you're holding money that's depreciating in value before your own eyes?!
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October 05, 2014, 07:56:50 AM
 #52

Hmm thanks for being my sentiment gauge
Still not in full blown depression yet but getting closer
Mmm perhaps around 280

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October 05, 2014, 09:57:42 AM
 #53

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.



Please stop with this already. It's an unrealized loss, which doesn't make it any less real.

unrealized... how do you know that it won't go up again? magic ass ball? that thing is true, but maybe the sentence is not completed, i repeat it here

until there is a chance to go up again, you won't lose anything if you just hold and don't sell for less than you paid

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.


Are you literally stupid?

I mean literally, like IQ under 90?

Because you do realise what unrealised losses are?

Or not?

How dumb are you?

read above and tell me how much is your QI now, i think is lower than 90, probably the same number without the zero


A few things about this post:

1)  If you've been holding in a down market, then two bad things have happened to you.  First, you've lost purchasing power.  Second, you haven't even realized your loss so that you can write it off on your taxes this year.  It's a really bad habit to get into to try to pull all sorts of mental gymnastics to try to convince yourself that you're a good investor and you're making money when your position is continually losing ground.

2)  Saying "how do you know it won't go up again?" is a question that holds as much weight as "how do you know it won't keep going down?"  It means nothing.   There is no information to pull from it that can help you to make a rational decision.  Furthermore, there are no magic rules of investing that dictate an investment must appreciate after significant periods of depreciation.  

3)  This is more of a personal observation, but I really think that a lot of people's investment decisions are heavily influenced by discussions on this forum, and not in a good way.  I see a lot of permabulls and permabears, but it's shockingly uncommon to read posts that aren't emotionally loaded and don't veer to one extreme or the other.  For a lot of people, there is no middle ground.

4) "Until there is a chance to go up again..."?  What the hell?   I don't even know where to begin with this. *Every* moment is a chance for BTC to up again.  Where have you been the past 10-11 months?  Bitcoin isn't dropping in price due to chance, just as Bitcoin didn't shoot past $1000 USD by chance.  Focus on *real* things.  Instead of thinking about the "chance" that BTC might go up again, maybe you should first ask yourself why you aren't buying all the BTC you can right now.   It might be a good starting place as it may provide insight as to why everyone else isn't out buying up all the BTC.

5)  Here's a thought experiment for you:  How about you sell all of your belongings for BTC and hold them indefinitely?  According to your logic, this will preserve your wealth for infinite time (as long as you don't sell).  Ingenious, right?  Roll Eyes

i'm in fact all in with btc(well not totally, i still have my house lol), i still think that in a market like this until you don't sell you can't lose, because the chance to see a pump again are high enough

you don't need a wall of text to explain this, it's so simple, and for your last sentence, i can just reply with "don't invest more than you can afford and bla bla", this doesn't make my point less valid at all

that quote is just misleading, it should be "until the coin isn't dead if you don't sell you don't lose anything", no one said that in that quote is implied that the coin can't die

If you can afford to do so and don't mind losing your investment, then that's fine.   But your reply, "Don't invest more than you can afford and bla bla," is irrelevant to the issue of gain or loss.  The question is whether holding in a down market yields a loss, not whether you're okay with it.

I think you're incorrect in that my last point doesn't make yours less valid.  It does, because it's the exact same action you took to reach your current position, only to an extreme degree.  

But seriously, dude, come on.   Even though unrealized gains/losses function the same way in stock trading, bitcoins are currency!  How are you going to sit there and tell me you haven't lost anything when you're holding money that's depreciating in value before your own eyes?!

well if you prefer i can tell you that i have less now because bitcoin declined , but it doesn't mean that i need to panic sell because of that, until i believe in it and i'm willing to hold my "lose" has a chance to come back

you know... "It's not dead until it's really dead"
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October 06, 2014, 07:42:44 PM
 #54

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.



Please stop with this already. It's an unrealized loss, which doesn't make it any less real.

unrealized... how do you know that it won't go up again? magic ass ball? that thing is true, but maybe the sentence is not completed, i repeat it here

until there is a chance to go up again, you won't lose anything if you just hold and don't sell for less than you paid

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.


Are you literally stupid?

I mean literally, like IQ under 90?

Because you do realise what unrealised losses are?

Or not?

How dumb are you?

read above and tell me how much is your QI now, i think is lower than 90, probably the same number without the zero


A few things about this post:

1)  If you've been holding in a down market, then two bad things have happened to you.  First, you've lost purchasing power.  Second, you haven't even realized your loss so that you can write it off on your taxes this year.  It's a really bad habit to get into to try to pull all sorts of mental gymnastics to try to convince yourself that you're a good investor and you're making money when your position is continually losing ground.

2)  Saying "how do you know it won't go up again?" is a question that holds as much weight as "how do you know it won't keep going down?"  It means nothing.   There is no information to pull from it that can help you to make a rational decision.  Furthermore, there are no magic rules of investing that dictate an investment must appreciate after significant periods of depreciation.  

3)  This is more of a personal observation, but I really think that a lot of people's investment decisions are heavily influenced by discussions on this forum, and not in a good way.  I see a lot of permabulls and permabears, but it's shockingly uncommon to read posts that aren't emotionally loaded and don't veer to one extreme or the other.  For a lot of people, there is no middle ground.

4) "Until there is a chance to go up again..."?  What the hell?   I don't even know where to begin with this. *Every* moment is a chance for BTC to up again.  Where have you been the past 10-11 months?  Bitcoin isn't dropping in price due to chance, just as Bitcoin didn't shoot past $1000 USD by chance.  Focus on *real* things.  Instead of thinking about the "chance" that BTC might go up again, maybe you should first ask yourself why you aren't buying all the BTC you can right now.   It might be a good starting place as it may provide insight as to why everyone else isn't out buying up all the BTC.

5)  Here's a thought experiment for you:  How about you sell all of your belongings for BTC and hold them indefinitely?  According to your logic, this will preserve your wealth for infinite time (as long as you don't sell).  Ingenious, right?  Roll Eyes

i'm in fact all in with btc(well not totally, i still have my house lol), i still think that in a market like this until you don't sell you can't lose, because the chance to see a pump again are high enough

you don't need a wall of text to explain this, it's so simple, and for your last sentence, i can just reply with "don't invest more than you can afford and bla bla", this doesn't make my point less valid at all

that quote is just misleading, it should be "until the coin isn't dead if you don't sell you don't lose anything", no one said that in that quote is implied that the coin can't die

If you can afford to do so and don't mind losing your investment, then that's fine.   But your reply, "Don't invest more than you can afford and bla bla," is irrelevant to the issue of gain or loss.  The question is whether holding in a down market yields a loss, not whether you're okay with it.

I think you're incorrect in that my last point doesn't make yours less valid.  It does, because it's the exact same action you took to reach your current position, only to an extreme degree.  

But seriously, dude, come on.   Even though unrealized gains/losses function the same way in stock trading, bitcoins are currency!  How are you going to sit there and tell me you haven't lost anything when you're holding money that's depreciating in value before your own eyes?!

well if you prefer i can tell you that i have less now because bitcoin declined , but it doesn't mean that i need to panic sell because of that, until i believe in it and i'm willing to hold my "lose" has a chance to come back

you know... "It's not dead until it's really dead"

All of that's fine, and I agree, it's just not what the issue originally was.  Just don't make the mistake of thinking that holding somehow makes you immune to changes in the price-per-unit of your investment.
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October 06, 2014, 08:25:40 PM
 #55

Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!"  Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish.  One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand."  Funny because you should be calling them "smart hands."

I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.

Also, what happens if another exchange (maybe btc-e??) goes down.  BTC couldnt handle that.

Good luck to holders though.

The last hope is wall street money.

If someone can convince a few pension fund managers to invest in bitcoin, the rest will follow suit.

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October 06, 2014, 08:30:00 PM
 #56

The last hope is wall street money.

If someone can convince a few pension fund managers to invest in bitcoin, the rest will follow suit.

The last hope for what? Bitcoin works. More investors are just people on the sidelines.

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October 06, 2014, 08:30:18 PM
 #57

Weak hands are simply those with a higher buy-in price and who cut their losses when it drops too far. So the guy who bought at $800 would be a weak hand. Those who bought sub $100 are strong hands.

Don't take it personally, it is what it is.
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October 06, 2014, 08:45:34 PM
 #58

Good luck to holders though.

You doomsters are pathetic. You pretend to warn or help. But just imagine a situation where everyone would heed your advice. BTC (or anything else you point your well meant advice to) would drop to zero without any further deal. So if you have perfect success, all your post did was cause instant collapse on the commodity or security of your concern.

The fact of the matter is that everything is valuable only because people believe it to be. Those who believe it are typically the strong hands, the others are the weak hands. Therefore I will keep using these terms.

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October 06, 2014, 09:22:22 PM
 #59

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.



Please stop with this already. It's an unrealized loss, which doesn't make it any less real.

unrealized... how do you know that it won't go up again? magic ass ball? that thing is true, but maybe the sentence is not completed, i repeat it here

until there is a chance to go up again, you won't lose anything if you just hold and don't sell for less than you paid

they are losing money if they are holding btc.  

You only lose when you sell for less than you paid.

Nobody has ever lost money by holding.


Are you literally stupid?

I mean literally, like IQ under 90?

Because you do realise what unrealised losses are?

Or not?

How dumb are you?

read above and tell me how much is your QI now, i think is lower than 90, probably the same number without the zero


A few things about this post:

1)  If you've been holding in a down market, then two bad things have happened to you.  First, you've lost purchasing power.  Second, you haven't even realized your loss so that you can write it off on your taxes this year.  It's a really bad habit to get into to try to pull all sorts of mental gymnastics to try to convince yourself that you're a good investor and you're making money when your position is continually losing ground.

2)  Saying "how do you know it won't go up again?" is a question that holds as much weight as "how do you know it won't keep going down?"  It means nothing.   There is no information to pull from it that can help you to make a rational decision.  Furthermore, there are no magic rules of investing that dictate an investment must appreciate after significant periods of depreciation.  

3)  This is more of a personal observation, but I really think that a lot of people's investment decisions are heavily influenced by discussions on this forum, and not in a good way.  I see a lot of permabulls and permabears, but it's shockingly uncommon to read posts that aren't emotionally loaded and don't veer to one extreme or the other.  For a lot of people, there is no middle ground.

4) "Until there is a chance to go up again..."?  What the hell?   I don't even know where to begin with this. *Every* moment is a chance for BTC to up again.  Where have you been the past 10-11 months?  Bitcoin isn't dropping in price due to chance, just as Bitcoin didn't shoot past $1000 USD by chance.  Focus on *real* things.  Instead of thinking about the "chance" that BTC might go up again, maybe you should first ask yourself why you aren't buying all the BTC you can right now.   It might be a good starting place as it may provide insight as to why everyone else isn't out buying up all the BTC.

5)  Here's a thought experiment for you:  How about you sell all of your belongings for BTC and hold them indefinitely?  According to your logic, this will preserve your wealth for infinite time (as long as you don't sell).  Ingenious, right?  Roll Eyes

i'm in fact all in with btc(well not totally, i still have my house lol), i still think that in a market like this until you don't sell you can't lose, because the chance to see a pump again are high enough

you don't need a wall of text to explain this, it's so simple, and for your last sentence, i can just reply with "don't invest more than you can afford and bla bla", this doesn't make my point less valid at all

that quote is just misleading, it should be "until the coin isn't dead if you don't sell you don't lose anything", no one said that in that quote is implied that the coin can't die

If you can afford to do so and don't mind losing your investment, then that's fine.   But your reply, "Don't invest more than you can afford and bla bla," is irrelevant to the issue of gain or loss.  The question is whether holding in a down market yields a loss, not whether you're okay with it.

I think you're incorrect in that my last point doesn't make yours less valid.  It does, because it's the exact same action you took to reach your current position, only to an extreme degree.  

But seriously, dude, come on.   Even though unrealized gains/losses function the same way in stock trading, bitcoins are currency!  How are you going to sit there and tell me you haven't lost anything when you're holding money that's depreciating in value before your own eyes?!

well if you prefer i can tell you that i have less now because bitcoin declined , but it doesn't mean that i need to panic sell because of that, until i believe in it and i'm willing to hold my "lose" has a chance to come back

you know... "It's not dead until it's really dead"

All of that's fine, and I agree, it's just not what the issue originally was.  Just don't make the mistake of thinking that holding somehow makes you immune to changes in the price-per-unit of your investment.

actually it's exactly the issue because...

it make me kinda immune if the coin survive and go up, which is what i believe; we continuously base our life on some assumptions, this is why life is a gamble itself

it's not absolutely immue, i could agree, but it is certainly relative
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October 06, 2014, 09:29:30 PM
 #60

Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!"  Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish.  One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand."  Funny because you should be calling them "smart hands."

I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.

Good luck to holders though.

So is your suggestion to sell all the  bitcoin now ? I think this is not the real solution Wink .   The price will  raise  (  I think)  in the next block reward halving (2016) .


It won't raise! The KNOWLEDGE of halving is weighted in to the current price already. Don't you know anything about the markets?

You really don't understand the principals behind speculation one damn bit do you? Reading your posts is like watching a seven year old try and deliver a college lecture...its terribly cute and funny, but part of you still wants to kill the person that let you stand at the podium.

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