Topic: Chill guys! - page 4. (Read 18605 times)

I think bumping is important on topics like this. Otherwise Lardycake's prognostication drops down a few pages and gets forgotten. Then new people come to the forum and Lardycake will make another prognostication and they will think "oh noes!!1! he sounds credible and reasonable. We are going down!!!11!!" and panic selling ensues.

Keeping this prediction front and center is helpful in that it provides some accountability for Lardycake... and the rest of us, too.

IMHO, Lardy is just another Nagle - he'll pop up - doom and gloom for awhile and then when he's proven to be wrong will disappear back into the shadows... under the bridge... where trolls belong.

16$

By replying in this topic and Lardycake replying on your reply, this topic gets bumped up every time...
And that's exactly what he hopes for... Look at the patern!

This topic is going down in... 3, 2, 1... I'll be back when it is on page 2...

edit: Oh noes, I bumped it up 

Maybe he figures he'll get 'raptured' before it pops through 17.

you know,that everyone don't believe you anymore?
so it doesnt interest anyone, doesnt matter what your sayin

Hi

lardycake, lets make another 10 posts about it rising now...lol.


Hi

Where did lardy go?

 I'd also be in on this bet

Either that, or it's because I have a sh*t-ton more money than you and that amount isn't something I'll cry over if I lose.
As for why I'll keep buying more? It's my long-term savings. I won't need this money until a year from now.

The more lardy says bitcoin will drop, the more it rise 

Either him, or you.

I bought in almost $10k at that amount thinking it was the low figure. I may be an exception, but I still plan to continue buying in every two weeks, regardless of the price.

Protip: Real traders, the ones who actually commit money and have a trading plan before they place a trade call this "standard operating procedure". Of course, making price predictions with no skin in the game has been a forum past-time all over the internet, so I'm hardly going to ask you to stop. We just made it to your 'ludicrously overpriced' target. Hope you have a stop-loss order in

I'm here for the long haul, and that means, until bitcoin conquers the world - or conversely, it withers to irrelevance. I do know, however, I'll be around long after you've gone. Believe it.

Your prophecy?  Of course miners are going to leave, the profit rate for mining will tend toward zero necessarily and as that happens all but the most efficient miners will turn off their rigs. It is not a "prophecy" but a certainty.

Let's see about your $11 prophecy for Friday... willing to make a bet? Or are your words empty?

Your trolling vs my facts 

Doh, 15$ now 

*crickets*

How are you measuring the size of the "actual" economy? 

I think the two important indicators are network difficulty and exchange volume / price, both of which have been growing like wildfire.  "Someone" cashed out over a million bucks today, permitting others to cash in.  It was a down day, but held up quite nicely given the ceaseless cries of doom and gloom.  That it held above $10 is more evidence of the correlation between price and difficulty (charts in my sig), and that network difficulty is a reliable measure of the size of the economy.  I'll have more confidence of this measure if the correlation continues.

If you know how to reliably measure the "real world value" of assets, maybe you should tell Wall Street.  Speculative expectation has been setting the price of things like houses, oil, bread, gold, and stocks ever since civilization moved to from a barter economy to a monetary economy.  Why should the price of bitcoin be any different?

I guess you are consistent in being rude too. Or should I be flattered because you think my opinion will move the market? You do realize that you come across as a scared, cornered animal right? That to me says that you are heavily invested in a precarious position. Not sure how you want to hedge that apart perhaps from volume trading on small bounces while generally going down, or has option trading started already?


Oh the irony


You apparently keep misjudging me. How do you even know I have a position at all?

BubbleBoy's contribution is valuable. As I stated before, price should depend on real world value, speculative expectation is not tenable in the long term. When the economy is actually smaller than Dollar parity, anything like $15/BTC is ludicrously overpriced. The few reasons that keep the bubble from bursting are an immature market, small volumes and traders trying not to pop it while playing for small gains on volume. It could go any minute if someone decides to cash out.

As far as I'm concerned it would be better if the bubble burst quickly, we would go back down to somewhere between actual economy size (below USD parity) and $4 (tenable speculative expectation value) and then grew with the economy.

The sad conclusion from your statements is that you don't care about Bitcoin's future, you're here for the quick buck, with exit strategies in hand. If that is the case than you are no better than the banksters with '2BG2FAIL' vanity plates on their Porsches.

I'm actually hoping Bitcoin's price will drop. I fully expect a recovery in the future though. Bitcoin's concept will be improved. But I find it more likely that the improved Bitcoin will still be Bitcoin. Much easier to start from an already existing user- and codebase than to build it from scratch.