Topic: I give up - page 4. (Read 22613 times)
This is just fucking sad in all possible ways. The OP trusted in someone who forgot to tell the whole truth, and now hordes of internet investment specialists all makes fun of her. Makes me sick to be honest.
If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.
So the best they can do is being fortuitously right while you'll always be, at worst, intelligently wrong. Bravo. Schopenhauer would be proud.
May I suggest some light reading for you, Mat?
What if - and I'm stretching here - the universe is not actually Mat-centric? What if he is just another tiny hole in the gravitational field? I know it sounds ridiculous, but what if somebody else is also right?
Mat, please entertain such possibility.
You should have read this back in March: http://bitcoinowl.com/hodl
Waiting for all the people that 'got back' and 'made a profit' to come back at 585$. Following the good old rule 'sell low, buy high'.
This rule 'sell low, buy high' is how most people trade. If btc would rise to $10.000 the poster would really be scratching his head..
Waiting for all the people that 'got back' and 'made a profit' to come back at 585$. Following the good old rule 'sell low, buy high'.
You must have seen this thread. I have been stopping in on it literally for years: https://bitcointalk.org/index.php?topic=60501.560
Ah, yea 520 was a pretty early exit. ;(
Not trying to egg you on, just curious. I normally consider your TA posts seriously and almost withdrew my fiat around when you were considering it.
Ah, yea 520 was a pretty early exit. ;(
Not trying to egg you on, just curious. I normally consider your TA posts seriously and almost withdrew my fiat around when you were considering it.
My TA recently has been good. True, I came out my $460 long position a little early ($520) but had I been awake, I would have come back in at $540 as per the signals on my chart. Since I was in my bed during the last China ramp I am now in a quandary whether to take a long or not. I have already gotten back in at $565, but since then a bit of a bearish descending triangle has formed and I have came back out at $572.....
......am keeping my eye on the action. Unlike the Hodlers, I would prefer to avoid negative equity if I can.
......am keeping my eye on the action. Unlike the Hodlers, I would prefer to avoid negative equity if I can.
Why did you wait so long to get back in? Do you place no stock in methods like Goomboo's 10/21 EMA momentum buying? It sent clear signals to buy at ~470, granted it jumped even higher so quickly.
I am not saying one should only trade momentum and ignore TA, but why ignore momentum completely?
I got in at $460, but came out again at $520. Show me a link to this 'Goomboo's 10/21 EMA momentum buying'.
My TA recently has been good. True, I came out my $460 long position a little early ($520) but had I been awake, I would have come back in at $540 as per the signals on my chart. Since I was in my bed during the last China ramp I am now in a quandary whether to take a long or not. I have already gotten back in at $565, but since then a bit of a bearish descending triangle has formed and I have came back out at $572.....
......am keeping my eye on the action. Unlike the Hodlers, I would prefer to avoid negative equity if I can.
......am keeping my eye on the action. Unlike the Hodlers, I would prefer to avoid negative equity if I can.
Why did you wait so long to get back in? Do you place no stock in methods like Goomboo's 10/21 EMA momentum buying? It sent clear signals to buy at ~470, granted it jumped even higher so quickly.
I am not saying one should only trade momentum and ignore TA, but why ignore momentum completely?
If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.
So the best they can do is being fortuitously right while you'll always be, at worst, intelligently wrong. Bravo. Schopenhauer would be proud.
May I suggest some light reading for you, Mat?
If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.
So the best they can do is being fortuitously right while you'll always be, at worst, intelligently wrong. Bravo. Schopenhauer would be proud.
So, from that point of view, the wisest thing to do is just hold and consider yourself lucky that you understood before the 99% did. Yep, prepared of course that it will all fail somehow and show us all its ugly butt, but the opportunity is too grand to miss. As for speculation, bitcoin is a mostly unregulated commodity trading - exactly like metals only even less protection against cornering - of course the price would jump all over the place, but since it's very limited in nature there's only so far that you can push the price down - even with a whole might of China behind you So don't try to predict small pump-and-dumps, play safe and increase your stack while it all unfolds and becomes mainstream and boring.
So don't try to predict small pump-and-dumps, play safe and increase your stack while it all unfolds and becomes mainstream and boring.Whilst metals prices are decided on the futures market, where metal that may or may not even exist is routinely traded as though it were real, the same thing could be going on in Bitcoin on the the exchanges were the Bitcoin price is determined. In fact, with MtGox, we now know for sure that this has been the case. And never mind 'even less protection against cornering'. Perhaps Bitcoin has been 100% fully cornered from it's very inception? Satoshi Nakamoto's 1.5 MBTC? Satoshi Nakamoto, a lone working liberal anarchist idealist? Really?
Exchanges running fake volume to ramp up price, cashing out customers 'real' Bitcoins at highs, using fake volume to crash market in order to buy 'borrowed' Bitcoin back at lows? Megawhales who may or may not be affiliated with western intelligence agencies? Bitcoin is a very risky asset in which literally anything could happen and for this reason, I prefer to trade than to hold. If it does become mainstream and boring, then I might hold.
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If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.
At first, the delusional paradigms that I bought into were rewarded. Then the markets topped out, but I held out as I watched over 120% gains turn eventually into 30% losses (on silver, gold not so bad). I still have all the physical metal that I bought. I could get the same amount of metal today for a good bit cheaper. On the otherhand, the penny did start to drop with the 'digital' silver that I purchased on the precious metals 'bottom' back in 2012, which I offloaded most of before I took another good beating on that.
I understand your frustration. I also like metal, but I know it's just a commodity so it will never change the world in any shape or form, just your personal well-being. Bitcoin *has the potential to change the world* - maybe it will not, but so far it does look to be on the right track
When I first understood, even imagining that any government would ever discuss bitcoin was far-fetched. Three years later, there's no country left where it has not been discussed at the highest level.So, from that point of view, the wisest thing to do is just hold and consider yourself lucky that you understood before the 99% did. Yep, prepared of course that it will all fail somehow and show us all its ugly butt, but the opportunity is too grand to miss. As for speculation, bitcoin is a mostly unregulated commodity trading - exactly like metals only even less protection against cornering - of course the price would jump all over the place, but since it's very limited in nature there's only so far that you can push the price down - even with a whole might of China behind you
So don't try to predict small pump-and-dumps, play safe and increase your stack while it all unfolds and becomes mainstream and boring. The only reason I (and anybody else who understood what bitcoin is) trades here is to have more coins, period. You don't "panic cash out" because the only time you panic is when you are in fiat. Now go ahead with your childish insults about "koolaid foaming" or whatever suits you. But maybe instead you should try and understand?
I heard all this kind of thing from Silver Stacker right through 2010 - 2013, and I admit I was bought and sold on it. The Fed is creating money out of thin air, this will cause hyper inflation and soon the people will demand a return to real money which means gold n silver will go through the roof as the USD hegemony collapses.
At first, the delusional paradigms that I bought into were rewarded. Then the markets topped out, but I held out as I watched over 120% gains turn eventually into 30% losses (on silver, gold not so bad). I still have all the physical metal that I bought. I could get the same amount of metal today for a good bit cheaper. On the otherhand, the penny did start to drop with the 'digital' silver that I purchased on the precious metals 'bottom' back in 2012, which I offloaded most of before I took another good beating on that.
I have seen all this before and have been victim to the exact same kind of paradigms that the majority here are victim to. If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.
I do think Bitcoin is quite a different investment from metal though. Different properties.
The only reason I (and anybody else who understood what bitcoin is) trades here is to have more coins, period. You don't "panic cash out" because the only time you panic is when you are in fiat. Now go ahead with your childish insults about "koolaid foaming" or whatever suits you. But maybe instead you should try and understand?
I heard all this kind of thing from Silver Stacker right through 2010 - 2013, and I admit I was bought and sold on it. The Fed is creating money out of thin air, this will cause hyper inflation and soon the people will demand a return to real money which means gold n silver will go through the roof as the USD hegemony collapses.
At first, the delusional paradigms that I bought into were rewarded. Then the markets topped out, but I held out as I watched over 120% gains turn eventually into 30% losses (on silver, gold not so bad). I still have all the physical metal that I bought. I could get the same amount of metal today for a good bit cheaper. On the otherhand, the penny did start to drop with the 'digital' silver that I purchased on the precious metals 'bottom' back in 2012, which I offloaded most of before I took another good beating on that.
I have seen all this before and have been victim to the exact same kind of paradigms that the majority here are victim to. If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.
If I took your advice and held at $1100, I would have 25 BTC (and not very much Fiat). Or would I? At what price point would I have cracked in a manic rage and cashed out? Would I have taken a 50% hit? a 60% hit? a 70% hit on my capital? And say for arguments sake that I was still holding like a good little hodler, when would I be willing to cash my BTC in? At $700, at $800, at $900? What if I resolved to cash out at $1000 but Bitcoin never gets that high by the time this rally period is through, and what happens if Bitcoin does indeed go lower than $300 before we ever see $1000 again?
Can you guarantee that this won't happen?
See the reason you still don't understand bitcoin is your last question here. If your only reason to be here in bitcoin trading is short-term dollar gains, then whatever suits you, I definitely have no inclination to have more dollars than I already have.
The only reason I (and anybody else who understood what bitcoin is) trades here is to have more coins, period. You don't "panic cash out" because the only time you panic is when you are in fiat. Now go ahead with your childish insults about "koolaid foaming" or whatever is it you say to rationalize you erratic trading. But maybe instead you should try and understand the other side (which has always outperformed you, so far, with much less - read zero - stress and time spent).
This is not the trading forum Mat. Your posts are always so full of emotion I wonder whether you are cut out for trading over the long term.
I held at 1100 as did lots of other (bag!)holders. It turns out the only way to benefit from high bitcoin prices is actually to own them in the first place.
If bitcoin can manage another couple of years of stellar growth then I am sure you will be fine either way. But there is only so many times you can get in and out of the market without getting burned.
I held at 1100 as did lots of other (bag!)holders. It turns out the only way to benefit from high bitcoin prices is actually to own them in the first place.
If bitcoin can manage another couple of years of stellar growth then I am sure you will be fine either way. But there is only so many times you can get in and out of the market without getting burned.
Unlike in previous times, my rants are water off a ducks back and I don't allow my perspective to be skewed by getting involved with the hoards of imbeciles on this place. Whether that means simply reading their idiotic opinions or getting engaged in arguments with them. My ever-increasing ignore list assists greatly with maintaining a balanced mind whilst on this forum.
My TA recently has been good. True, I came out my $460 long position a little early ($520) but had I been awake, I would have come back in at $540 as per the signals on my chart. Since I was in my bed during the last China ramp I am now in a quandary whether to take a long or not. I have already gotten back in at $565, but since then a bit of a bearish descending triangle has formed and I have came back out at $572.....
......am keeping my eye on the action. Unlike the Hodlers, I would prefer to avoid negative equity if I can.
I told you that you should better hold at 1100 (and you should have, you'd probably had more coin now), I told you when was a good time to buy (anything below 600), I told you that it will never go below 300, I told you that it will break out above 500 in a week (and it did 2 weeks later), and you still consider *me* delusional? You are funny, but learning to admit your mistakes will go a long way towards self-acceptance.
though it Needs a very strong personality and a very,very strong believe in bitcoin to hold when you bought in at 1.100 $ you are right. And all your other advices have been good. You are funny, but learning to admit your mistakes will go a long way towards self-acceptance.But,as I wrote before, you have to be very strong.
I bought in at about 750 $ last year and hold of course. My last buy was at about 350 $ at 10th of April 2014.
To discuss with MatTheCat is impossible since he is a troll. And SR addict.
Ok now we are in agreement. Seriously though, eat your words or something, or you too cheap for that as well? I told you that you should better hold at 1100 (and you should have, you'd probably had more coin now), I told you when was a good time to buy (anything below 600), I told you that it will never go below 300, I told you that it will break out above 500 in a week (and it did 2 weeks later), and you still consider *me* delusional? You are funny, but learning to admit your mistakes will go a long way towards self-acceptance.
You are funny, but learning to admit your mistakes will go a long way towards self-acceptance.Anyone who told anyone to hold at $1100 with Bitcoin now half of that amount, really needs to just shut their phucking mouth to be quite frank.
If I took your advice and held at $1100, I would have 25 BTC (and not very much Fiat). Or would I? At what price point would I have cracked in a manic rage and cashed out? Would I have taken a 50% hit? a 60% hit? a 70% hit on my capital? And say for arguments sake that I was still holding like a good little hodler, when would I be willing to cash my BTC in? At $700, at $800, at $900? What if I resolved to cash out at $1000 but Bitcoin never gets that high by the time this rally period is through, and what happens if Bitcoin does indeed go lower than $300 before we ever see $1000 again?
Can you guarantee that this won't happen? Of course not because as you have proven in the past, you are completely ignorant to any information that tells you anything other than Bitcoin is going North. The charts that I am looking at would suggest that Bitcoin eventually getting up to Around $700 or even more, would paint a textbook Wave B, setting us up for a brutal impulse downwards Wave C. I am not saying that this will happen, I am saying that the potential is there for this to happen and nobody can say it won't until it doesn't. Of course you don't see it and despite Bitcoin's venomously volatile history, you can't see it...cos u is a damn fool!
This is not the trading forum Mat. Your posts are always so full of emotion I wonder whether you are cut out for trading over the long term.
I held at 1100 as did lots of other (bag!)holders. It turns out the only way to benefit from high bitcoin prices is actually to own them in the first place.
If bitcoin can manage another couple of years of stellar growth then I am sure you will be fine either way. But there is only so many times you can get in and out of the market without getting burned.
Ok now we are in agreement. Seriously though, eat your words or something, or you too cheap for that as well? I told you that you should better hold at 1100 (and you should have, you'd probably had more coin now), I told you when was a good time to buy (anything below 600), I told you that it will never go below 300, I told you that it will break out above 500 in a week (and it did 2 weeks later), and you still consider *me* delusional? You are funny, but learning to admit your mistakes will go a long way towards self-acceptance.
You are funny, but learning to admit your mistakes will go a long way towards self-acceptance.Anyone who told anyone to hold at $1100 with Bitcoin now half of that amount, really needs to just shut their phucking mouth to be quite frank.
If I took your advice and held at $1100, I would have 25 BTC (and not very much Fiat). Or would I? At what price point would I have cracked in a manic rage and cashed out? Would I have taken a 50% hit? a 60% hit? a 70% hit on my capital? And say for arguments sake that I was still holding like a good little hodler, when would I be willing to cash my BTC in? At $700, at $800, at $900? What if I resolved to cash out at $1000 but Bitcoin never gets that high by the time this rally period is through, and what happens if Bitcoin does indeed go lower than $300 before we ever see $1000 again?
Can you guarantee that this won't happen? Of course not because as you have proven in the past, you are completely ignorant to any information that tells you anything other than Bitcoin is going North. The charts that I am looking at would suggest that Bitcoin eventually getting up to Around $700 or even more, would paint a textbook Wave B, setting us up for a brutal impulse downwards Wave C. I am not saying that this will happen, I am saying that the potential is there for this to happen and nobody can say it won't until it doesn't. Of course you don't see it and despite Bitcoin's venomously volatile history, you can't see it...cos u is a damn fool!
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