Topic: Big picture.. - page 3. (Read 4702 times)

Thanks for your non selfish concerns! Appreciated! 

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

Here is hoping that my bid gets hit. My cold storage will be getting substantial then

So we are still in the overestimation phase?



Accumulation phase is about to start for me. I expect the price to remain like this for a while, so I have the time

OP it seems that you forgot that sub 200 has already happened, so what's the point of this, it will end in the same way, sub 200 for 1 seconds and then again above the 200 floor

this is why you can call it rock solid

Slightly hypocritical considering your love of posting Igorr's old chart

Hey nice chart..

Then why is he using those nasty & immoral lines to support his theory?

"Obvious in retrospect," yes, exactly that.

One important mental exercise most people never take the time to do is to consider a future scenario fully, really pretend that it's actually now happened. It's no longer uncertain, because it is a fact of history: "The Bitcoin price is at XXXX." Really think through that, get comfortable with the idea that this has actually happened and the other possibilities that could have happened have simply not happened.

Only then, only when you have completed the illusion of certainty and really convinced yourself, consider how realistic it feels. What would the headlines say? What would these people say? What would be the consequences? How would that relate to this issue and that issue?

Consider the success scenario fully, then reset and consider the failure scenario fully. Go back and forth between them often. Keep weighing them against each other to see which seems more correct, which seems more internally consistent, which explains more data that we already know about. In the failure scenario, many of the things you were hoping about necessarily end up being nothing. In the failure scenario, many of the things you were worried about turn out to be trifling. Every theory is tested from both angles.

At this point I find the success scenario quite a bit more realistic-feeling overall. It might take a while of sideways movement around these prices, but I'm getting the feeling that the next rise is "locked and loaded."

Nope because bitcoin becomes more and more useful + being scarce = the obvious.

    

So, you think Bitcoin will go up , coz lines on a charts tells you?

Yep I have been buying weekly from circle since January. I was lucky enough to receive an unexpected large tax refund which is sat as a juicy bid just in case

Accumulation phase just started for me.

It is just a matter of time before the inevitable occurs..