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Topic: Confess, Single Digit Believers - page 3. (Read 3756 times)

N12
donator
Activity: 1610
Merit: 1010
July 06, 2013, 02:37:15 PM
#24
Just a reminder for what will inevitably happen again:

How hard is it to believe that a good number of the whales are smart, savvy geeks like us who can see the incredible potential, but with just a fuck ton more cash? And they throw in a few % of their net worth to hold for the next few years... and everyone in the wall thread is like OH SHIT 10K BUY  haha


Smart money so clever! Smart money, trading against the trend. Cheesy
Do you really want to be a part of this "smart money"?

Was the smart money buying or was it selling the bounces? You tell me. Cheesy
N12
donator
Activity: 1610
Merit: 1010
July 01, 2013, 01:56:33 PM
#23
How hard is it to believe that a good number of the whales are smart, savvy geeks like us who can see the incredible potential, but with just a fuck ton more cash? And they throw in a few % of their net worth to hold for the next few years... and everyone in the wall thread is like OH SHIT 10K BUY  haha


Smart money so clever! Smart money, trading against the trend. Cheesy
Do you really want to be a part of this "smart money"?
N12
donator
Activity: 1610
Merit: 1010
June 28, 2013, 05:09:36 AM
#22
Oh, now I see what he was saying. I don't think those sudden buys are mostly for the longer term. If their trades don't work out, they sell. And even if so, we are going down despite it.

Don't get me wrong, I'm bullish on the long term myself. It will be much easier to act on that once this bubble nears finishing deflating. Cheesy
legendary
Activity: 1148
Merit: 1018
June 28, 2013, 05:06:34 AM
#21
How hard is it to believe that a good number of the whales are smart, savvy geeks like us who can see the incredible potential, but with just a fuck ton more cash? And they throw in a few % of their net worth to hold for the next few years... and everyone in the wall thread is like OH SHIT 10K BUY  haha
img: http://www.sierrachart.com/image.php?l=1372413721617.png

Smart money so clever! Smart money, trading against the trend. Cheesy

Check out the bold dude, they might be laughing at you soon

The harsh reality is that "whales" that bought high, will sell low rather sooner than later, pushing the price down hard with their high volume. That's how market psychology works.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
June 28, 2013, 05:05:53 AM
#20
It's the good 'ol "If we just buy it to above where it crashed from it will sure go up." - fallacy.
N12
donator
Activity: 1610
Merit: 1010
June 28, 2013, 05:05:05 AM
#19
How hard is it to believe that a good number of the whales are smart, savvy geeks like us who can see the incredible potential, but with just a fuck ton more cash? And they throw in a few % of their net worth to hold for the next few years... and everyone in the wall thread is like OH SHIT 10K BUY  haha
img: http://www.sierrachart.com/image.php?l=1372413721617.png

Smart money so clever! Smart money, trading against the trend. Cheesy

Check out the bold dude, they might be laughing at you soon
Don't understand what you are trying to tell me. I just showed you why 10k or 20k buys change nothing as long as they're against the trend.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
June 28, 2013, 05:03:58 AM
#18
I think I would surrender its not 2011 and a real coin that surpasses bitcoin must have been born
N12
donator
Activity: 1610
Merit: 1010
June 28, 2013, 05:02:25 AM
#17
How hard is it to believe that a good number of the whales are smart, savvy geeks like us who can see the incredible potential, but with just a fuck ton more cash? And they throw in a few % of their net worth to hold for the next few years... and everyone in the wall thread is like OH SHIT 10K BUY  haha


Smart money so clever! Smart money, trading against the trend. Cheesy
legendary
Activity: 1148
Merit: 1018
June 28, 2013, 05:01:25 AM
#16
What about sub-dollar believers? Anyone in the room?

 Grin Grin Grin Grin Grin Grin

Anyhow, I guess when there will be many single digits and sub-dollar believers we will be reaching the bottom Wink

I dunno. Do you think everyone will forget that we already went through this before, and then came roaring back? Nothing is broken. Bitcoin works. Do you really think all the whales were just in it for a quick buck?

Definitely YES. If not "all", at least most of them.

How hard is it to believe that a good number of the whales are smart, savvy geeks like us who can see the incredible potential, but with just a fuck ton more cash? And they throw in a few % of their net worth to hold for the next few years... and everyone in the wall thread is like OH SHIT 10K BUY  haha

Sorry, but in my book the "smart" thing is to sell at the highest possible point, especially after an obvious bubble popped, in order to buy lower and increase your stash, while recouping your initial investment and possibly realizing some fiat profits.

I'm all for the "revolutionary" aspect of Bitcoin, I'm a true believer, I have a paper wallet with a non-negligible amount of Bitcoins that I will never touch because I cannot bear (LOL) the thought of being "totally out", but at the end of the day Bitcoin is still money... And if you want to do good, you need more of it, and there's no point in fighting the market, just follow it and try to profit as much as possible.
N12
donator
Activity: 1610
Merit: 1010
June 28, 2013, 04:48:53 AM
#15
People here get fooled by the romantic/revolutionary stuff. This is business. This is money. It's not a game.

And we are deflating a bubble.
legendary
Activity: 1148
Merit: 1018
June 28, 2013, 04:40:57 AM
#14
What about sub-dollar believers? Anyone in the room?

 Grin Grin Grin Grin Grin Grin

Anyhow, I guess when there will be many single digits and sub-dollar believers we will be reaching the bottom Wink

I dunno. Do you think everyone will forget that we already went through this before, and then came roaring back? Nothing is broken. Bitcoin works. Do you really think all the whales were just in it for a quick buck?

Definitely YES. If not "all", at least most of them.
N12
donator
Activity: 1610
Merit: 1010
June 28, 2013, 04:38:49 AM
#13
I dunno. Do you think everyone will forget that we already went through this before, and then came roaring back? Nothing is broken. Bitcoin works. Do you really think all the whales were just in it for a quick buck?
Enough of them to deflate this bubble.
N12
donator
Activity: 1610
Merit: 1010
June 28, 2013, 04:34:17 AM
#12
What about sub-dollar believers? Anyone in the room?

 Grin Grin Grin Grin Grin Grin

Anyhow, I guess when there will be many single digits and sub-dollar believers we will be reaching the bottom Wink
I'll create this thread should we ever hit single digits again. Cheesy
legendary
Activity: 1148
Merit: 1018
June 28, 2013, 04:32:28 AM
#11
What about sub-dollar believers? Anyone in the room?

 Grin Grin Grin Grin Grin Grin

Anyhow, I guess when there will be many single digits and sub-dollar believers we will be reaching the bottom Wink
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
June 28, 2013, 04:04:32 AM
#10
I don't believe in it, but I don't discount the possibility.

It would require a lot of fuckups over many months, the death of altcoins and hostile legislation. I think Bitcoiners are capable of that but its a long way to actually have such a situation.
member
Activity: 84
Merit: 10
supernode
June 28, 2013, 03:29:00 AM
#9
im single digit fan, i think real bitcoin value is 3$=1BTC
legendary
Activity: 2097
Merit: 1070
June 28, 2013, 03:26:09 AM
#8
I really doubt this will happen.

However if the price goes down as low as $20 anything's possible.
hero member
Activity: 501
Merit: 500
June 28, 2013, 02:11:34 AM
#7
It MIGHT dip temporarily to single digits, but, absent down right catastrophic news, I don't believe it will stay for long under $10. Too much loose fiat around in the strong hands that sold around the peak.

I've been wrong before, though. In late 2011 I thought the price wouldn't dip under $4, at least not for an extended time.
sr. member
Activity: 252
Merit: 250
June 28, 2013, 02:09:39 AM
#6
We got a long ways away until 1 mBTC = $1.  But I guess predictions are always good.

See this post is funny because OP meant per BTC! Ha-ha!
N12
donator
Activity: 1610
Merit: 1010
June 28, 2013, 01:47:33 AM
#5
I'm not THAT bearish.

Are you?
No.
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