Topic: Confused?? Wake up!! Decide who you are...not bull/bear, BUT... (Read 1945 times)

Thanks BobDude..always good to be gotten....

And rock on slug...we need that kind of inspiration!! 

always good to gotten! thanks, Bro..

Thanks, Bro!   

  Rock on slug! Very inspiring...

Rock on slug!! Very inspiring 

+1

at the beginning i started refeshing that wall observer thread everyday because I wanted to check where my little investment is going.
But after some time I realized that I went into that game not for shortterm speculation but because I believe in the idea behind that whole thing.
The problem is that as a newbie on these forums you're sucked into the fiat/bitcoin value spiral very very fast, because fiat is the only value you're used to since being born.
Let the bulls and bears have their fun, it's just another playground favoured because of the high margin profit.
Bitcoin is still in the toodler stage and it takes quite some time to grow up.
Seeing the internet as a virtual world it's just logical that someday it would get its own currency.
Bitcoin exists on the internet now for a relatively long time span and that is the biggest argument that it's not just a little hype that will disappear.
As with everything an idea always has its ups an downs, but if it's good enough the world will open and give it its place.
The market for bitcoin has to comply with the fast spreading and decentralise so that the value is not just depending on one big exchange but many more different factors of influence.

I know it's sometimes a bit too abstract to compare the internet to the history of the real world. (I always see its timeframe now as kind of shortly after digital middleage)
My theory is that bitcoin is a virtual resource that will be used for trading like gold many many years ago. (Although its bound to fiat standard at the moment)
And perhaps someday that status could even be replaced by another kind of virtual currency that correlates more to fiat money then bound to bitcoin standard.
(I haven't read too much about ripple, but it sounds like a first approach to that for me)
Because internet has a much faster developement curve compared to the history of the real world, it feels to me like I'm saving an amount of gold back in the days of the goldrush and looking to its value after 200 years.

In the end that's complete speculation and I'm just curious how this new idea will change everything depending on the influences of administrative powers.
Until then I'm holding like a bull having a winter sleep and blink from time to time to watch them ripping themselves apart while I eat some popcorn.

Thanks Bro. Back at you.

Hooray   Too lazy to buy, too lazy to sell.

...ahh fuck it.

I get you man.


Fantastic post, keep up the good work homie.


Happy to be on this ride with you.

Because...

It takes awhile to offload physical gold.  Takes only moments to move BTC into something else.  Relatively speaking.

When someone dumps 150 tons of physical gold it takes coordination, timing, and money.  Not so with BTC.  That's the main difference.

You have my permission, if you want it 

Can I be a sloth?

Because BTC's are so much more volatile than gold.  Gold price change of 10% in one day is HUGE.  BTC price change of 10% in one day is normal.  This makes your entry point with BTC so much more critical that even for a long term investor you need to think of the short term.  

Got it. Thanks

Nice post. Pleasant change

OP this is the way I think

Oh, that was not directed at your op.  I was just saying in general to other people with their heads in the sand.  Sorry for not making that clear.

Cheers and good post.

Not sure exactly what you are suggesting. But I actually agree with you about both charts utility and "that this thing is not over yet."

Wow. Thanks for saying that Wuji! That was not my intention at all to suggest that I was holding only bitcoins as my long-term investment. I am personally well diversified and have only put into bitcoin what I could at the time afford to lose. I have edited the post to make that clear. Bitcoin is a very high risk speculative investment, and I treat it as such.

And BTW -- Very glad to hear that you are set up well for retirement. That is a good thing anyway you look at it.

I don't see that.  Someone wanting to buy black tar heroin right now is going to buy and spend, right now.  Someone wanting to buy silver right now, will buy and spend right now.  Someone wanting to use BTC as a store of wealth will do so.  Some people want to buy and trade in the short term as they are doing right now.  I don't see how this is any different than any other market that exists in the world.

We are watching the precious metals go through the same thing right now.  How are we different?