Topic: Dear bitchy bunch of bears, (Read 1753 times)
i cant help but feel bearish right now. and when it bottoms out around $45 or $50 i will buy a bunch of cheap coins like i did a couple months ago when this happened, then (hopfully) when it bubbles back up over $100/btc i will sell and wait for the cycle to repeat. falling into the bears vs. bulls crap will only stress you out. its not us against them. we're all trying to play this market. its like an old buddhist saying " holding onto anger is like drinking poison and expecting your enemy to die"
Never take investing personally, because when you do it is time to get out.
Bitcoin (and Gold/Silver) is going down because the US dollar is in a bull market against other currencies. It's really bad timing to have the US dollar going up but it's because Europe is in serious trouble. All it will do is stall the fragile US economy.
Bitcoin (and Gold/Silver) is going down because the US dollar is in a bull market against other currencies. It's really bad timing to have the US dollar going up but it's because Europe is in serious trouble. All it will do is stall the fragile US economy.
Personally,
Bitcoin started as proof of concept and mostly geeks are into it.
Then it grew big and financial people got into the bandwagon.
As with all financial instruments, speculation and hedging got into the game too.
Hence, price will move up and down.
The big boys will try to push up the price, and the rest of the boys will be chasing it. Then they will sell out (cash out), then there will be panic selling. This is VERY COMMON in stock market .
There are two players in Bitcoin Price :
1. The Miners
2. The Traders.
Price will eventually stablised when it makes more sense to Trade rather than to mine. Anything BELOW that, is a BUY for Bitcoin, anything ABOVE that is speculative price.
This is the basic of ECONOMICS, DEMAND and SUPPLY curve.
Bitcoin started as proof of concept and mostly geeks are into it.
Then it grew big and financial people got into the bandwagon.
As with all financial instruments, speculation and hedging got into the game too.
Hence, price will move up and down.
The big boys will try to push up the price, and the rest of the boys will be chasing it. Then they will sell out (cash out), then there will be panic selling. This is VERY COMMON in stock market .
There are two players in Bitcoin Price :
1. The Miners
2. The Traders.
Price will eventually stablised when it makes more sense to Trade rather than to mine. Anything BELOW that, is a BUY for Bitcoin, anything ABOVE that is speculative price.
This is the basic of ECONOMICS, DEMAND and SUPPLY curve.
I have not lost 75 pct of my investment - I still have the same amount of bitcoin as yesterday.
The same amount of Bitcoin that buy's 75% less, right!
Quote
The value of the US dollar seems to be fluctuating wildly though - but as my investment is measured in bitcoins who cares!
(Oh and for the record - cheap coins yum yum)
Oh, did you buy those Bitcoins with Bitcoins?
No?
Then your investment is not measured in Bitcoins. You invested fiat, and are holding 75% less value.
[/quote]
Ahh, reasonable sentiment, like a breath of fresh air.
By the way, OP, - can you debunk "The price has tanked" in 10 seconds? Didn't think so.
Definitely in "Desperation" approaching "Panic."
Fortunately, you can bypass the entire cycle by forgoing emotion for impartial observation. Then every single stage is "Acceptance" and "Mad Profitz Yo" rather than "whining and crying about everything while watching yourself lose 75% of your investment."
[/quote]
I have not lost 75 pct of my investment - I still have the same amount of bitcoin as yesterday.
The value of the US dollar seems to be fluctuating wildly though - but as my investment is measured in bitcoins who cares!
(Oh and for the record - cheap coins yum yum)
I was just thinking about threads like this, and realized that a lot of people let emotion take over instead of being rational about it. I believe in Bitcoin. I think it can change the world. I'm a long term bull. But there is no ignoring the reality that it is quickly losing value now, it's a bear market, and there's nothing wrong with taking advantage of that.
Ahh, reasonable sentiment, like a breath of fresh air.
By the way, OP, - can you debunk "The price has tanked" in 10 seconds? Didn't think so.
Definitely in "Desperation" approaching "Panic."
Fortunately, you can bypass the entire cycle by forgoing emotion for impartial observation. Then every single stage is "Acceptance" and "Mad Profitz Yo" rather than "whining and crying about everything while watching yourself lose 75% of your investment."
Definitely at the desperation stage. I can't wait for the panic to set in, I just wonder how long it will be before it starts.
I think we'll see true panic when the price breaks the previous 'double bottom' safe haven of $50.
I think we'll see true panic when the price breaks the previous 'double bottom' safe haven of $50.
I was just thinking about threads like this, and realized that a lot of people let emotion take over instead of being rational about it. I believe in Bitcoin. I think it can change the world. I'm a long term bull. But there is no ignoring the reality that it is quickly losing value now, it's a bear market, and there's nothing wrong with taking advantage of that.
You haven't got a case. Whenever you give a reason, it's debunked in 10 seconds. This is why all you have left is the land of fart, and why all we see now is bunches of bears farting about.
Mmmmm, $266 now down to $66, wow thats a great Bull Market isn't it.....?
I sold out at just under $230 (at 500% profit), because I was a 'Bear' - note, I didn't want prices to fall, I'd rather they had kept going up and made more profit, but I was a 'Bear' because I felt they would fall, hence why I sold.
If I now choose to buy back into BTC then I'll have many more coins that I would have had by not selling.
You haven't got a case. Whenever you give a reason, it's debunked in 10 seconds. This is why all you have left is the land of fart, and why all we see now is bunches of bears farting about.
Price has tanked. Debunk that!Hey, someone has to pay for my currently 2x and possible 4x gains in bitcoin over these few months when I rebuy.
You haven't got a case. Whenever you give a reason, it's debunked in 10 seconds. This is why all you have left is the land of fart, and why all we see now is bunches of bears farting about.
you mad bro?
You haven't got a case. Whenever you give a reason, it's debunked in 10 seconds. This is why all you have left is the land of fart, and why all we see now is bunches of bears farting about.
haters gonna hate
I think I'll be ok with the capitulation through depression phases!
I think denial stopped when we went below $100 and didn't immediately bounce back. Currently either in panic or capitulation.
This makes me so happy. That's good work outta you.
k
You haven't got a case. Whenever you give a reason, it's debunked in 10 seconds. This is why all you have left is the land of fart, and why all we see now is bunches of bears farting about.
Jump to: