Even more grinding | Bitcointalksearch.org

Rygon

hero member

Activity: 520

Merit: 500

Quote from: wobber on April 25, 2014, 08:14:18 AM

So, seems being bearish pays off. Where are the people screaming 'to da moon' 1 week ago? I hope they didn't trust too much money (again) by panic-buying. I won't make any prediction but I think we can see last 12-month low soon.

Also I'm starting to be very very suspicios of BTC being able to go beyond 700 this year.

And the key as within everyone: don't freaking sell unless you need money for the things at the base of Maslow's pyramid. Do that, and we'll have a supply shortage getting us to everywhere you want.

Hell, with only 10mil coins or so in circulation (very optimistic assumption), a guy with one coin has a fair share of power.

The folks who need money to buy things at the base of Maslow's pyramid aren't likely to be the ones with enough firepower move the price. Selling 1 or 2 coin each month to pay for food and rent is nothing compared to fat cats who are regularly dumping hundreds or thousands of coins.

Jr65

newbie

Activity: 28

Merit: 0

Quote from: wobber on April 25, 2014, 08:14:18 AM

So, seems being bearish pays off. Where are the people screaming 'to da moon' 1 week ago? I hope they didn't trust too much money (again) by panic-buying. I won't make any prediction but I think we can see last 12-month low soon.

Also I'm starting to be very very suspicios of BTC being able to go beyond 700 this year.

And the key as within everyone: don't freaking sell unless you need money for the things at the base of Maslow's pyramid. Do that, and we'll have a supply shortage getting us to everywhere you want.

Hell, with only 10mil coins or so in circulation (very optimistic assumption), a guy with one coin has a fair share of power.

Great reference to Abraham "Maslow's Hierarchy of Needs!"

wobber

legendary

Activity: 1064

Merit: 1001

Something nice and true :

Quote from: BittBurger on April 25, 2014, 08:34:16 AM

Quote from: franky1 on April 25, 2014, 03:08:45 AM

panicky noobs that let their emotions and not their brains control their investments.

It blows me away how large this subset of the population is though. Seriously. I can see why certain people like MatTheCat are convinced its manipulation. One just can't fathom that there are *that* many stupid people out there.

-B-

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: zimmah on April 25, 2014, 08:31:24 AM

Agreed, everyone who is selling right now who does not absolutely needs the money is just very bad at investigating.

So what that China annonces another ban. It happens every other week now, just ignore them already, nothing happende the last 189773749 times it happended, nothing will happen this time.

I'm not aware of the new ban. First heard it from you. I only check Bitcoin forum to see if they found a major flaw in the protocol. The OpenSSL news was the best I saw. Rest is just speculation.

zimmah

legendary

Activity: 1106

Merit: 1005

Agreed, everyone who is selling right now who does not absolutely needs the money is just very bad at investigating.

So what that China annonces another ban. It happens every other week now, just ignore them already, nothing happende the last 189773749 times it happended, nothing will happen this time.

wobber

legendary

Activity: 1064

Merit: 1001

So, seems being bearish pays off. Where are the people screaming 'to da moon' 1 week ago? I hope they didn't trust too much money (again) by panic-buying. I won't make any prediction but I think we can see last 12-month low soon.

Also I'm starting to be very very suspicios of BTC being able to go beyond 700 this year.

And the key as within everyone: don't freaking sell unless you need money for the things at the base of Maslow's pyramid. Do that, and we'll have a supply shortage getting us to everywhere you want.

Hell, with only 10mil coins or so in circulation (very optimistic assumption), a guy with one coin has a fair share of power.

Topic: Even more grinding (Read 684 times)