Topic: ,,, (Read 3974 times)

Hell regret that for the rest of his life!

Supply and demand my friends.

Yet all the time, Bitcoin keeps going in the direction that I say it is going, whilst you guys keep slavering the same old shit and being proven total fkn clowns. Especially JimboToronto. Not a bigger fkn idiot on the whole forum.

Will be sure to give ya a shout when Bitcoin dips into $200 range like I said I would.


If you bought Bitcoin at $200, you had two bites at the cherry to sell at $1100 range. When it dipped back down into $1000 range, with volume contracting all the time, that my friend was the schoolboy double top moment and the point when I sold all my Bitcoins and stopped looking to trade long. Back then, I honestly did not even know what a MACD was so yes. Anyone who failed to see the double top being in is frankly a bit fkn stupid and has cut their own throat whether they are still in the black, hovering around break even or otherwise. Furthermore, it is not like their hasn't been plenty opportunities all the way down to take still good profits and/or cut losses.

No, I don't own any Bitcoins as my new investment method (only ever going unleveraged long and waiting on a Bitcoin dream/subconscious insight to inform my decision on whether to hold or not) tells me that going long Bitcoin is right now "a very dangerous thing to be doing although safe enough for the time being" (that was over 1 week ago). But yes, I am still here because there is brass to be earned yet in this scam and whilst I think that Bitcoin has got at least another $150 to fall yet, one day at some point in the future, Bitcoin is going to start to rise again. My bet is that somewhere in the $200 range will prove to be the intermediate term low and that Bitcoin will then go on to take out a good few resistance levels. I could be wrong and Bitcoin may need to fall lower than $200 range but I will cross that bridge when the time comes.

That is why I am still here. If Bitcoin isn't killed off (which it may well be), then I have no doubt that greater ATH's are yet to come (although perhaps not within the time scales of many of the fantasists around here) and if further ATH are still to come then in contrast to my general investment disinterest back in the single figure Bitcoin days, I intend to take a slice of the action next time around.

Never attribute to malice what can adequately be explained by stupidity.

Likewise, never attribute to stupidity what can adequately be explained by malice.

MatTheTwat specializes in both. He is the only troll I've ever put on ignore.

Price has risen over 8,300% in past 2 years. How can you possibly call it a bad investment lol...

Some people might have a truculent way to defend their views, but that isn't reason to ignore them if the views are supported on arguments or facts.

Just ignore MatTheCat.  He thought he had trading and TA all figured out, posting all these elaborate calls and what not.  Then he fucked up a bunch of shorts and lost his shirt.  His modus operandi is to now call out Bitcoin conspiracies of destroying third world economies and what ever other lunacy filled rant he's come up with at the time.

Aaaand, all of this is after he forwent his opportunity to load up on coins at 1$ because he was too busy buying drugs off of SR.

Correct, but there is also the possibility to choose the wrong elements of the past to build your rule.

For valuation of bitcoin, I suggest:

General price level at times of the classical gold standard, gold volume being relatively static.

General price level change when the rich gold deposits of south america were mined.

What happens to price levels when money supply increases. There are a hundred examples of fiat hyperinflations.

We don't have a direct parallell to the price deflation that we expect for bitcoin. So here we can not directly create a law based on the past. But...

We have lots of bubble examples. Here the bubbly asset can be regarded as money, because it aquires exchange value, (and the fiat money lacks the important long time value protection). The bubble bursts when it becomes clear that the bubbly stuff was not good money after all. Bitcoin can then be regarded as a bubble, but it will not burst as long as it is the best money around.

So that are the rules that govern bitcoin expected value appreciation. Based on experiences from the past.

Not sure why holding an asset which has doubled in six months with the potential to once again go much much higher makes you a 'fkin idiot'. You managed to lose money in that timeframe by playing with leverage.

In terms of managing risk there is a lot of room for the price to move south and for buyer of 6 months ago to still exit with no loss. If all bitcoin holders are stupid then why not sell all of yours and make this forum a brighter place by leaving? You won't because at the back of your mind, despite the recent price action, you know there is a good chance that the price will surge upwards on its next run and you don't want to miss out. 

Because though you won't admit it, bitcoin remains a great disruptive technology which could still change the world, and if it does, it is just about the strongest assymetric trade out there today. With all the price specific commenting on this forum that is something that i think gets lost in the noise of the shrill bearish chatter. That is why everyone is here, right?

If we can't try to predict the future based on the past, on what would we make any prediction? All the laws of science are based on past behaviour/facts.

I wrote too much already on holding...

oh shit you're right!!!!    LMAO

But not always on 29th febuary...

Even if stable on 400 it will become 800 after halving so hodl on tight!!!

A calender year is just a random time frame. You can buy on any day of the year not only January 1st and you can sell on any day of the year not only December 31st.

The amount of butthurt speculators is strong in this thread.

Looks really not so good. A stable price on the $400´s is a bad sign I think. We had these stages already at 700s, 600 and 500s... Next is possibly 300s, 200s, 100s...

But I got to hodl, bought very high, so, fuck that... I sink with the ship...

Less than a year or two is not the "broad picture".

Just my BTC0.00000002

This hahaha

If you can get bubble up you can expect a bubble downwards aswell... deal with it.