To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).
if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159
if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159
Poor OP, he was never able to buy $35 coins.
Yep, $159 was not a smart buy point indeed, the price is now 5 times higher.
Maybe he bought back at $80?
No, just read his post history (I did it with a sense of dark entertainment), he is currently saying that he is out because Bitcoin is a bubble and it will collapse because its needed too much money constantly flowing into Bitcoin to sustain the current price given the actual inflationary phase (3.600 coins are "created" every day).
Its funny to see how the biggest bears and naysayers (Bitcoin is a ponzi, Bitcoin is a trojan horse planted by the financial elite, etc. etc.) are either those who a) sold and saw the choo choo train leaving the station (they took their dump and were caught with their pants down, they weren't able to jump back in) or b) those who just discovered Bitcoin and feel that its too expensive and only the "early adopters" can profit from it.
Both are stupid points, Bitcoin is still in its infancy, and while the chances of it going to 0 remain high, its true potential is yet to be discovered.
