$236 - What BS - Selling OUT today! - page 4.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: doobadoo on April 09, 2013, 02:37:32 PM

Quote from: wopwop on April 09, 2013, 02:31:58 PM

it's really simple

As long as there are newby noobs with millions putting their money into bitcoin the price will go up
Once that limited supply of really dumb people halts, we are in for a fun ride

That's why people like Trace Mayer is trying hard to convince multimillionaires to buy his bitcoins at a high price

Love you Trace Mayer Cheesy

For helping us getting their millions

Millionaires tend not to be dumb. Sure there are SOME dumb millionaires. But millionaires are going to look suspiciously at something that is up 10x in 8 weeks.

Have any millionaires publicly done this? No, there are thousands of people putting 10s of thousands of $$ in this. They are all newbies and not long term holders. We've seen this story happen before and $30. There were users so stupid they sent their coins to an online wallet run by an anonymous person (who probably was bruce wagner). When bruce/anon felt the price went up enough he raided all the coins in mybitcoin.com and dumped them.

New users don't understand how the system works. Understanding the true brilliance of btc is key to keeping people long. Some will go down the rabbit hole the rest of the way, but most of these newbies are gambler types.

I doubt many new people actually give a damn about bitcoin itself at this point, just that it is gaining popularity and thus price rise. They won't even download the wallet client, just keep it in MtGox

bb113

hero member

Activity: 728

Merit: 500

Quote from: doobadoo on April 09, 2013, 02:37:32 PM

Quote from: wopwop on April 09, 2013, 02:31:58 PM

it's really simple

As long as there are newby noobs with millions putting their money into bitcoin the price will go up
Once that limited supply of really dumb people halts, we are in for a fun ride

That's why people like Trace Mayer is trying hard to convince multimillionaires to buy his bitcoins at a high price

Love you Trace Mayer Cheesy

For helping us getting their millions

Millionaires tend not to be dumb. Sure there are SOME dumb millionaires. But millionaires are going to look suspiciously at something that is up 10x in 8 weeks.

Have any millionaires publicly done this? No, there are thousands of people putting 10s of thousands of $$ in this. They are all newbies and not long term holders. We've seen this story happen before and $30. There were users so stupid they sent their coins to an online wallet run by an anonymous person (who probably was bruce wagner). When bruce/anon felt the price went up enough he raided all the coins in mybitcoin.com and dumped them.

New users don't understand how the system works. Understanding the true brilliance of btc is key to keeping people long. Some will go down the rabbit hole the rest of the way, but most of these newbies are gambler types.

Watch this: http://www.amazon.com/Empires-Industry-Black-Gold-Story/dp/B000BKVL8E

Bitcoin is oil, banking system is the railroad industry. Rockefeller is who? Mt gox?

FTWbitcoinFTW

sr. member

Activity: 476

Merit: 250

Yes like those guy shorting 600 BTC @ 35$...

"last seen online : 2 month 4 days"

jwzguy

hero member

Activity: 868

Merit: 1002

Quote from: doobadoo on April 09, 2013, 02:31:54 PM

I'll be back in...but in double digit prices. Not triple digit prices. I figure $25-$50 is where there is true long term demand.

You're either an elitist or you really suck at math. But please, short BTC if you are so convinced.

doobadoo

sr. member

Activity: 364

Merit: 250

Quote from: wopwop on April 09, 2013, 02:31:58 PM

it's really simple

As long as there are newby noobs with millions putting their money into bitcoin the price will go up
Once that limited supply of really dumb people halts, we are in for a fun ride

That's why people like Trace Mayer is trying hard to convince multimillionaires to buy his bitcoins at a high price

Love you Trace Mayer Cheesy

For helping us getting their millions

Millionaires tend not to be dumb. Sure there are SOME dumb millionaires. But millionaires are going to look suspiciously at something that is up 10x in 8 weeks.

Have any millionaires publicly done this? No, there are thousands of people putting 10s of thousands of $$ in this. They are all newbies and not long term holders. We've seen this story happen before and $30. There were users so stupid they sent their coins to an online wallet run by an anonymous person (who probably was bruce wagner). When bruce/anon felt the price went up enough he raided all the coins in mybitcoin.com and dumped them.

New users don't understand how the system works. Understanding the true brilliance of btc is key to keeping people long. Some will go down the rabbit hole the rest of the way, but most of these newbies are gambler types.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: doobadoo on April 09, 2013, 02:31:54 PM

Quote from: Qoheleth on April 09, 2013, 02:30:23 PM

If you think it's time to realize your gains, do it. Don't look back.

But I'd suggest that you keep a small portion of your BTC. Doesn't matter how much - even a minicoin is enough, just as long as it's something. Just in case.

I'll be back in...but in double digit prices. Not triple digit prices. I figure $25-$50 is where there is true long term demand.

Confirmed Proudhon alt account

randrace

sr. member

Activity: 329

Merit: 250

LTC -> BTC -> Silver!

If you think the price is rising too fast, you did the right thing.

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: Fiery Winds on April 09, 2013, 02:33:24 PM

I'm a long term bull, but the types of gains we've seen today may not be sustainable. In the long run, I believe that buy and hold, coupled with a trailing stop, is a decent strategy. People need to separate what they want to have happen, and what could happen, and develop a strategy that maximizes gains whichever way the market goes during the short term.

+10

bb113

hero member

Activity: 728

Merit: 500

A crash would scare away the ignorant, but some will stay and the snowball will have grown, so overall it will be good for cryptocurrencies in genera if not the bitcoin project itself. I think it would be dumb to call a top right now...

Fiery Winds

newbie

Activity: 28

Merit: 0

I'm a long term bull, but the types of gains we've seen today may not be sustainable. In the long run, I believe that buy and hold, coupled with a trailing stop, is a decent strategy. People need to separate what they want to have happen, and what could happen, and develop a strategy that maximizes gains whichever way the market goes during the short term.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: doobadoo on April 09, 2013, 02:24:29 PM

It may go higher. But hey i'm sitting on such a gain as is, I am confident i will be able to buy many more coins at lower prices. Parabolic moves dont continue like this.

Yes, I understand that selling some to buy back lower is possibly a good idea. But there's absolutely no reason to sell all of your coins, especially if your gains are huge as is. Leave some 100 btc in the case it would quickly appreciate to four-five digits per coin. You can't rule out such a possibility, the first 100 million USD buy would throw us into four digits instantly, and that's small money.

shkiser

sr. member

Activity: 350

Merit: 250

I honestly believe that it is just going up to the price it should be at. It has real value, and those that dont think its worth $200, need to look a little deeper. This is revolutionary. I knew once it broke 100 it was just gna walk on up. Dont be scared by it, embrace it, hold on tight, and dont let go. In a year ppl are gna look back and think to themselves I cant believe I sold at $100, or I cant believe I didnt wait another week and sell at $200, or FUCK Who would have thought it would hit $1000 in just a few months.. Ive stopped spending all bitcoins, and have started putting all of my extra money to buy. Theres a lot of ppl selling since $200, so Im going to take advantage of it. Just wish I would have saved all the coins I bought at $14-$20 when this thing started taking off. Id be able to buy a house or something cool.

wopwop

sr. member

Activity: 252

Merit: 250

it's really simple

As long as there are newby noobs with millions putting their money into bitcoin the price will go up
Once that limited supply of really dumb people halts, we are in for a fun ride

That's why people like Trace Mayer is trying hard to convince multimillionaires to buy his bitcoins at a high price

Love you Trace Mayer Cheesy

For helping us getting their millions

doobadoo

sr. member

Activity: 364

Merit: 250

Quote from: Qoheleth on April 09, 2013, 02:30:23 PM

If you think it's time to realize your gains, do it. Don't look back.

But I'd suggest that you keep a small portion of your BTC. Doesn't matter how much - even a minicoin is enough, just as long as it's something. Just in case.

I'll be back in...but in double digit prices. Not triple digit prices. I figure $25-$50 is where there is true long term demand.

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: doobadoo on April 09, 2013, 02:29:30 PM

We shall all see. Mark the thread. I think we will find out in a few weeks.

And if it goes up for a few weeks? Will it just be a few more weeks? Are you going to be another Proudhon?

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

If you think it's time to realize your gains, do it. Don't look back.

But I'd suggest that you keep a small portion of your BTC. Doesn't matter how much - even a minicoin is enough, just as long as it's something. Just in case.

mrbitbank

newbie

Activity: 48

Merit: 0

I took out my original us$500, that I spent on btc in 2011 out recently so what ever happens to the remaining 195btc is fine by me ( plus I took some profit, enough to live on for the next year without having to worry about finding a job) my greatful thanks to those who created btc

doobadoo

sr. member

Activity: 364

Merit: 250

Every one has their price. Lets see how these bulls feel when they catch a $50 drop.

I can see what is happening here. I can see the hoards of newbies. They are buying up a ton of coins at very high prices. There aren't enough true believers to sustain these levels. Maybe $25-$50. But not $230.

We shall all see. Mark the thread. I think we will find out in a few weeks.

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: doobadoo on April 09, 2013, 02:24:29 PM

Quote from: piramida on April 09, 2013, 02:21:29 PM

Quote from: Chalkbot on April 09, 2013, 02:17:44 PM

These threads never backfire.

Yep, they never do. We all know they go straight to the bitcoin hall of fame as the most awesome bubble top predictions, like this one here:

https://bitcointalksearch.org/topic/why-i-sold-my-bitcoins-144586

Almost verbatim reasoning, but that guy was a little quicker to the door. He was out so fast, bubble didn't even had a chance to start.

Dude that happened 2 MONTHS ago. You don't see something wrong with a 10x price increase in 8 weeks? I've been selling hte whole way up. Let my first go in the 70s. Now i'm finishing it up here at $236...

It may go higher. But hey i'm sitting on such a gain as is, I am confident i will be able to buy many more coins at lower prices. Parabolic moves dont continue like this.

And its terrible for btc. These folks will get burned bad when it drops $100.

i won't be burned. i have realized x3 profit and still have btc in... plus i didn't buy past $34.

Also, I continue to multiply my btc on CoinBr by trading stocks and options...

So i keep getting more btc everyday, without paying for it.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: mccorvic on April 09, 2013, 02:25:58 PM

Quote from: SgtSpike on April 09, 2013, 02:24:21 PM

Yep, having enough liquidity for people with real wealth to use it is a horrible, horrible thing for Bitcoin. It'll be the death of the currency, for sure.

This. The price is actually in the process of catching up to BTCs potential.

This. mccorvic you are very smart person

Topic: $236 - What BS - Selling OUT today! - page 4. (Read 7615 times)