Topic: ... - page 2. (Read 4888 times)

I would give one of my kidneys to be able go back in time to June 2011, and dollar cost average my entire life savings from $30 all the way back down to $2.  And then HOLD all my 1000's of coins all the way to today.  Of course I would have been laughed at by family and friends, and the troll day traders in 2011 would have told me I was a complete fkn idiot.  I would of course kept on buying more coins even at the lowest points because I am stupid, all to the laughter of the bears, naysayers, and trolls.  All would have had pity on me in 2011.  Children would have pointed, laughed and spit on me as I passed them in the streets.  

Based on what has transpired since then, I don't think I'd be alone in my time travel fantasy.  And those that don't think it will happen again in the next 2 years should really get out of bitcoin now and go do something else.

This thread made my day 

That is all very well for those who put a small fraction of their wealth into Bitcoin when it was in single or low double digits. But for anyone coming to Bitcoin now with a level of capital that is meaningful to them, it is tantamount to Assault and Robbery.

I am not holding the chart up too close. I am looking at from a very long distance. I see a massive bull trend from $10 to $1200 and a correction that has still not played out. Going by textbook Fib ratios for Wave 4 corrections, we could expect to see a 76% correction for such a move before the weaker primary Wave 5 commences. If that is to play out, then we could see Bitcoin down in low $300 and perhaps take a dip into the upper $200s.

There is a significant long term support trendline hovering around $425 which if breached, would suggest that what I describe above will turn out to be the case. If it isn't breached, then there is another resistance trendline hovering around $470, which if taken out, would suggest that perhaps wave A, of the primary Wave 4 down cycle is complete, and we could then get a good bit of upside. Or it might mean that Wave 4 has completed altogether, which means we might get enough upside to approach and perhaps breach the ATH over the duration of time.

But right now, we are in no-mans land. Only a halfwit or a cunt would recommend that n00b take a position here.

The problem is you are just trying to use bitcoin to increase your holdings of an inferior currency. Once you have bitcoin you have money. Your done.

BTC was not conceived of as an investment. The idea was to get it, then spend it on the internet. Of course you can do whatever you want with bitcoin. Unlike dollars these are yours alone. But speculation will lead to more boom & bust cycles. Use as a currency is what leads to real growth. It is a true free market; Which means it is brutal, uncaring, and fair.

I have the same effect on gold.

If he couldn't afford to lose his geld, then his geld shouldn't have been "in" in the first place.

I suppose only "complete fkn prick" would be dollar cost averaging during a downtrend.  

When you stop looking at bitcoin as a get rich quick super volatile trading all or nothing gamble every transaction, and start looking at it as a long term investment that makes up part of your overall investment strategy, you come up with entirely different ideas about what is a good idea and what is a bad idea.

Step back. You're holding the chart too close.

Try finding a pattern in all of your failed trades, and not repeating it. High volume is generally a good time to take a position.

They just filed for an IPO.  The actual date is a couple months out, I would think.

Had 2 teachers who occasional told a few jokes here and there (to break the tension).  People in general want things to happen fast.  When my dad bought some facebook stock ATH () he expected a meteoric rise.  Now he wants to do Alibaba.  Eventually I think everyone will just wait (@btc stock)  I see all the kids on their mobiles and thinking that mobile cash has to be the next step (even if its not btc like m-pesa (african mobile money) or something.)

[By the way, is anyone into alibaba stock?  The financial shows pump it up (mainly because its new in America (to buy the stock) etc]

I had a professor in college, and this was over a decade ago, mention that he had to change the way he even taught because students could no longer stay focused for an hour long class.  He had to break it up with stories and other creative teaching tactics.  He was a great teacher and I enjoyed his style, but it was interesting that he noticed a change. Also, most students have difficulty even reading entire books anymore.  So I agree that the younger generation struggles with patience and are generally a bit more ADHD.  This desire for instant gratification should help help spur Bitcoin's longterm success though.  It makes sending money internationally more "instant" for example.

Bitcoin actually goes up most of the time. That's how it got from $0.001 to $450.

Right now we're in a downtrend, which is why it tends downwards now. Some people can make money from fighting the market, but it takes some trading skill to do that. Going with the market is a far safer bet, though you don't want to be caught holding the bag in a bubble.

Look, the dude made a mistake and took a position in the midst of low volume trending position. Nobody can provide him with any guarantees that Bitcoin will break up, or break down. So he has taken the safe option and pulled his Geld out.

Only a complete fkn prick would encourage a newcomer to Bitcoin to go long on primary downtrend, right in the middle of a choppy low volume no-mans land, and you are surely not a complete fkn prick are you?

BitChick classing up the place, showing how it's done.    Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes?  Lol.  

I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation.  #millenialsaredoomed

It's like we've been in an eyewall replacement cycle for the last 6 months
little skill in predicting short term intensity during this phase
-bobbutts

Ahh..grasshopper ..When u can take the pebble from my hand you will have a fucking clue

Now...NO CLUE or CLUELESS or NO FUCKING IDEA or NFI

There is no way to know which way the price will go, charts or no.  Own bitcoin if you want to own it.  I'm sorry you seem to have bad luck trading it.

The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little!  Just hold for a year or so and that is all it takes to do pretty well.

Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin.  The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains.

Neither would I...

Bitcoin would have to go below $428 and then fail to get back up above the trendline.

If Bitcoin does that, then its a 'short'.

I wouldn't go short at the moment either Mat!

Fuck it im selling, rather $13 per bitcoin loss than anything above $13. OP should sell too