Obviously you are an emotionally driven trader. I hope you go insane trying to catch the dips and end up buying back higher.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
Yep I'm a dumbass because I said bitcoin is going to die. Oh wait, I just read my post again and I never said that. Congratulations on that.
In fact I even said in my post I would still use bitcoin if it was worth 1 penny.
My whole point is too many people are in it for greed/fiat and not in it for Bitcoin and just want quick exponential profits.
If you or anyone else took my OMMMMGGGG CRASSHHH thread seriously, especially when in the same exact thread I said I managed to buy in at the low $50's during that dip , then you would be the dumbass.
Also I'm not actively trading Bitcoin anymore. I do have some cash left in Gox, but I will only use it for dips I manage to be around for. I've cashed out about 50% coins and am holding the rest. Bought myself a new truck, paid off my remaining student loans. I refuse to buy anymore at record high's. The way I figure it if I hold what I have left and if Bitcoin ever becomes a huge success then I'll be millionaire or higher. If it crashes or ceases to exist my life won't be affected.
lol and neither did I ever say you said Bitcoin is going to die dipshit.
Haha, I like how hostile you are. I should post more often. You guys are entertaining.