Stop using the term "weak hands"

[piramida]

Also, who would have thought that as we near the conclusion of 2014, BTC would be hovering around $300 USD?

Granted, that is about the only thing constant about bitcoin price - it always does what nobody expects it to. Nobody expected it will go over $100 in 2013, it wasn't even discussed other than when joking. The question was - will it break the $32 ath and if yes, how far can it go, maybe 50? Everybody expected a slide from 32 to stop at 10 or around there, too, and nobody ever saw $2 coming (apart from retards, who were present then as well, and cried "zero").

So yeah, always fascinating to observe what it'll do next.

[jcoin200]

How does holding an asset during a decline in its real purchasing power terms by 70% represent having a 'strong' hand?
All it represents is losing money.
A 'clever' hand would have sold up at the beginning of the year, and would now be buying up BTC.
A 'clever' hand would have three times more BTC than a 'strong' hand.
Three times!
Do you mean 'strong' as in 'dense'?

Clearly people seem to think they are superior to others on here if they hold, instead of getting out and waiting for the real rock bottom to hit, which is what the real smart money would be doing.  Also waiting for any signs of life, and waiting for fraudulent trading activities to be uncovered.  There is too much still going on to not think btc can crash further down to $100 or less.  Then smart money will come in when the dust has settled.

Now you're advocating attempting to catch a knife? Brilliant...

That doesn't sound at all like what he's advocating.  I think he's advocating for letting the knife fall and watching to see how it lands first.

Exactly.  I don't think the fallout from the gox collapse has fully played out yet in terms of price drop.  And why should big time investors come in when the largest btc exchange in the world went down?  Too many other hacks and security concerns I think are scaring people away.  I think things are very fragile right now, and the potential for bad news (dropping price) greatly outweighs any chance for price increase in the near future.  If btc shows some signs of life, then I'll get back in.

[Bobsurplus]

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.

You're a MASSIVE fail. How the fuck did you even figure out how to get on the internet?? Weak hands they are! No other words to call them. Smart hands are buying and holding. Most people in the world think about long term. "Where am I going to be in" 5 years, 10 years, 20 years. The smart hands are those people who think big and long. You're a weak hand looking for a quick buck. And like so many before you and many to come the bitcoin game slaughtered you.

So sad... Maybe you should give Forex a go at it.

#ToTheMoon

Well, not even close, but good try!  Smart hands made money on the up swings, like I did, and got out at the signs of trouble, like I did.

Never did I say btc was going away, but short term there is no indications at all of price increase.

And yeah I guess I wasn't thinking long term when I got a college degree, invested in real estate...jeez I should just beg you for advice...oh wait your just another idiot whos upset they are losing more money, and you try to make yourself feel better by saying your a strong hand. 

Ohh wow.. A college degree? I mean... Really?? LOL...

BTW.. I bought my first btc at < $15 and mined blocks of BTC when it was cheap.

I'll never lose a penny on crypto.

[jcoin200]

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.

You're a MASSIVE fail. How the fuck did you even figure out how to get on the internet?? Weak hands they are! No other words to call them. Smart hands are buying and holding. Most people in the world think about long term. "Where am I going to be in" 5 years, 10 years, 20 years. The smart hands are those people who think big and long. You're a weak hand looking for a quick buck. And like so many before you and many to come the bitcoin game slaughtered you.

So sad... Maybe you should give Forex a go at it.

#ToTheMoon

Well, not even close, but good try!  Smart hands made money on the up swings, like I did, and got out at the signs of trouble, like I did.

Never did I say btc was going away, but short term there is no indications at all of price increase.

And yeah I guess I wasn't thinking long term when I got a college degree, invested in real estate...jeez I should just beg you for advice...oh wait your just another idiot whos upset they are losing more money, and you try to make yourself feel better by saying your a strong hand.  

Ohh wow.. A college degree? I mean... Really?? LOL...

BTW.. I bought my first btc at < $15 and mined blocks of BTC when it was cheap.

I'll never lose a penny on crypto.

Yes, providing massive returns already, and benefits, and will for the rest of my life.  

Is your precious btc going to do the same?  Wait I'll answer that myself, no.

Hahahaha, like I said your just another internet idiot.  If you didnt sell at the top, the ATH means nothing and your returns are diminishing by the day.  It wont be back there without massive gox like fraud and manipulation.  But good luck, maybe more education would have benefited you.

[inca]

Hahahaha, like I said your just another internet idiot.  If you didnt sell at the top, the ATH means nothing.  It wont be back there without massive gox like fraud and manipulation.

I suppose selling an asset 70% off its all-time-high means you have to rationalise any future positive price action as fraud or manipulation.

Ironic since it is fairly clear that the price is where it is now exactly due to overt manipulation.

Meanwhile VC funding continues to pour into bitcoin unabated and there is enough latent demand in the market to swallow 30,000 coins in 24 hours at this price level.

[jcoin200]

Hahahaha, like I said your just another internet idiot.  If you didnt sell at the top, the ATH means nothing.  It wont be back there without massive gox like fraud and manipulation.

I suppose selling an asset 70% off its all-time-high means you have to rationalise any future positive price action as fraud or manipulation.

Ironic since it is fairly clear that the price is where it is now exactly due to overt manipulation.

Meanwhile VC funding continues to pour into bitcoin unabated and there is enough latent demand in the market to swallow 30,000 coins in 24 hours at this price level.

Yes, there is VC money coming into the infrastructure.

And as for manipulation, I think this recent drop is more like a return to reality.  BTC needs to be converted by miners more and more to cover investments, and there are more security concerns every day.  Even a fairly well known crypto site (cryptothrift) just had a security breach resulting in the loss of 15BTC.  Minor, yes, but these are happening daily.

[piramida]

And as for manipulation, I think this recent drop is more like a return to reality.  BTC needs to be converted by miners more and more to cover investments, and there are more security concerns every day.  Even a fairly well known crypto site (cryptothrift) just had a security breach resulting in the loss of 15BTC.  Minor, yes, but these are happening daily.

Ugh hello it's 2014 already, a year when nobody loses bitcoin to hackers any longer. Multisig, it's like a 2FA that everybody uses for online services, only for accessing coins. 2 keys, zero hacker problems.

[the joint]

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.

You're a MASSIVE fail. How the fuck did you even figure out how to get on the internet?? Weak hands they are! No other words to call them. Smart hands are buying and holding. Most people in the world think about long term. "Where am I going to be in" 5 years, 10 years, 20 years. The smart hands are those people who think big and long. You're a weak hand looking for a quick buck. And like so many before you and many to come the bitcoin game slaughtered you.

So sad... Maybe you should give Forex a go at it.

#ToTheMoon

Well, not even close, but good try!  Smart hands made money on the up swings, like I did, and got out at the signs of trouble, like I did.

Never did I say btc was going away, but short term there is no indications at all of price increase.

And yeah I guess I wasn't thinking long term when I got a college degree, invested in real estate...jeez I should just beg you for advice...oh wait your just another idiot whos upset they are losing more money, and you try to make yourself feel better by saying your a strong hand.  

Ohh wow.. A college degree? I mean... Really?? LOL...

BTW.. I bought my first btc at < $15 and mined blocks of BTC when it was cheap.

I'll never lose a penny on crypto.

All this post does is reinforce how lucky you are.  You're laughing at someone who invested in a college degree?  Do you understand how absurd this sounds?  You aren't a genius for getting in under $15.  I should know.  I was there.  

 

[serenitys]

And yeah I guess I wasn't thinking long term when I got a college degree, invested in real estate...jeez I should just beg you for advice...oh wait your just another idiot whos upset they are losing more money, and you try to make yourself feel better by saying your a strong hand.  

Um...college graduates usually tend to know the difference between your and you're...


College level graduate who can't make it out of 3rd grade grammar = not high on credibility list...  


#justsayin

That said, while investing in a college degree is nice at face value, it also depends on the major. Fine Arts major probably isn't quite as impressive as...Neurosciences Major. And in the economy today, even college graduates can't always get good jobs.

[jcoin200]

And yeah I guess I wasn't thinking long term when I got a college degree, invested in real estate...jeez I should just beg you for advice...oh wait your just another idiot whos upset they are losing more money, and you try to make yourself feel better by saying your a strong hand.  

Um...college graduates usually tend to know the difference between your and you're (you are), and whose and who's...


College level graduate who can't make it out of 3rd grade grammar = not high on credibility list...  


#justsayin

That said, while investing in a college degree is nice at face value, it also depends on the major. Fine Arts major probably isn't quite as impressive as...Neurosciences Major. And in the economy today, even college graduates can't always get good jobs.

You're kidding right? Because I don't proofread forum posts I lost credibility??? Youre just graspibg at straws now. You also better ignore 99% of people on here if you can't handle a simple mistyped word.

Ha not a liberal arts degree, an engineering degree, had no problem landing a job. I can see you're just another one who wants to take out their frustration on those who knew when to get oiy

[zimmah]

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 .   The price will  raise  (  I think)  in the next block reward halving (2016) .

Halving by itself will not save bitcoin, it will only matter if there is demand.

But I don't think we will have to wait that long before bitcoin recovers anyway.

Yes, we have had some rough months, but so what, magic internet money will survive.