if you're not buying - page 3. | Bitcointalksearch.org

MacMiner

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Activity: 72

Merit: 10

Quote from: FreeMoney on February 15, 2013, 01:31:35 PM

Anyone who never sells isn't playing aggressively enough. Use most of your savings, quit your job to run a bitcoin business and sell every week or month.

I'm not actually saying everyone should to this. But "True bitcoiner never sells" is bogus. True bitcoiner sells to eat because he has so damn many.

+1

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Anyone who never sells isn't playing aggressively enough. Use most of your savings, quit your job to run a bitcoin business and sell every week or month.

I'm not actually saying everyone should to this. But "True bitcoiner never sells" is bogus. True bitcoiner sells to eat because he has so damn many.

BitcoinRate.com

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Activity: 116

Merit: 11

If nobody is selling, nobody can buy as well...

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

The weakest trader in this market is a bear. He thinks about ALL TIME HIGHS and how bitcoin is prone to LARGE CRASHES. Perhaps he already had his pockets picked at 15-20, who knows. The price action from the steam up after 15 has been different that the rise from 2-15. There is almost NO profit taking. We go up a leg, the fish sell at the plateau and the price continues to rise. The pump and dump has ended.

waspoza

hero member

Activity: 602

Merit: 508

Firstbits: 1waspoza

Quote from: casascius on February 15, 2013, 11:34:03 AM

All you sellers who don't have faith and see this as a bubble...feel free to sell any time. Grab all the bids off the book before somebody else does.

There is a correlation between the steadiness of the hands holding Bitcoin and its market price. Those of you who will sell on a whim need to be relieved of your coins so those of us wanting to hold them can see the price approach what we think is the true value. So, please, sell sell sell.

+1

Nesetalis

sr. member

Activity: 420

Merit: 250

I think the OP missed out on the base value of bitcoin being that it is a medium of exchange. Without an exchange going on somewhere, your bitcoin would be next to useless.

I have two modes, save and spend.
Spend mode I convert USD to bitcoin to buy something, in that mode, I don't care one way or another what the price of bitcoins are... I'm purchasing with USD through bitcoin as a medium.

This means some one else is buying my USD for bitcoin, and that some one else is selling my bitcoins for some other currency. This cash flow means that the market is moving, living, and suggests value, allowing new users to buy in, selling their USD for bitcoin. If I was the only one buying high, not trading, there would be no one to put fluid bitcoins in to the market.

In other words, shut up and take my money, I have things to buy. Tongue

In savings mode, I watch the price and try to buy low, to maximize my investment. But I'm investing long term, I expect bitcoin to be around for at least a few decades. So what price I buy at now matters less than what price I expect it to get to in the future.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: adamstgBit on February 15, 2013, 11:50:04 AM

No this is not a game, price is completely distorted, EVERYONE knows that... we are being fucked with!
Speculators have no choice to buy low and sell high, not to make money, but to survive this crazy market....

You're right. The price is really distorted. Still far too low.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

No this is not a game, price is completely distorted, EVERYONE knows that... we are being fucked with!
Speculators have no choice to buy low and sell high, not to make money, but to survive this crazy market....

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: lassdas on February 15, 2013, 11:32:18 AM

And if noone would ever sell (until at least 5-6 years from now, which is quite different from ever, but anyway),
then what would others buy?

I mean, there wouldn't be anything to buy and I guess those people that would never sell also don't even think about buying anything, then what would Bitcoin be good for? Where would it be today if noone ever actually used it?

Hoarders sell, but just small amounts at a time. Casual miners are more likely to be selling (though those may be extinct soon).

casascius

vip

Activity: 1386

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The Casascius 1oz 10BTC Silver Round (w/ Gold B)

All you sellers who don't have faith and see this as a bubble...feel free to sell any time. Grab all the bids off the book before somebody else does.

There is a correlation between the steadiness of the hands holding Bitcoin and its market price. Those of you who will sell on a whim need to be relieved of your coins so those of us wanting to hold them can see the price approach what we think is the true value. So, please, sell sell sell.

lassdas

legendary

Activity: 3676

Merit: 1495

And if noone would ever sell (until at least 5-6 years from now, which is quite different from ever, but anyway),
then what would others buy?

I mean, there wouldn't be anything to buy and I guess those people that would never sell also don't even think about buying anything, then what would Bitcoin be good for? Where would it be today if noone ever actually used it?

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: Vandroiy on February 15, 2013, 11:26:30 AM

Quote from: lucif on February 15, 2013, 10:57:34 AM

Such threads always appear at bubble top, as goofs always join last.

Happy bulls screaming everywhere is a first warning sign =) As well as situation when blood runs on street and everybody selling - is a good sign for reversal.

You better watch the signs, or you may miss the point of huge reversal with such overwhelming sentiment.

This never failed me in Bitcoin.

What I found strange is that many people use these words in situations where they don't apply. After the '11 bubble had just burst, when everybody was still confused but mostly bullish, they said "this is blood on the streets, the time to buy." However, when the market hammered down below 3 USD in a madness of shorts and panic afterward, they said "See you at $1".

What lucif forgets is that the happy bulls were happy at $15...then $17....then $20....then $27. It's not a very good indicator if it doesn't indicate anything. It's almost like it's impossible to predict the market! What a shock!

Vandroiy

legendary

Activity: 1036

Merit: 1002

Quote from: lucif on February 15, 2013, 10:57:34 AM

Such threads always appear at bubble top, as goofs always join last.

Happy bulls screaming everywhere is a first warning sign =) As well as situation when blood runs on street and everybody selling - is a good sign for reversal.

You better watch the signs, or you may miss the point of huge reversal with such overwhelming sentiment.

This never failed me in Bitcoin.

What I found strange is that many people use these words in situations where they don't apply. After the '11 bubble had just burst, when everybody was still confused but mostly bullish, they said "this is blood on the streets, the time to buy." However, when the market hammered down below 3 USD in a madness of shorts and panic afterward, they said "See you at $1".

Right now, the euphoria is obvious. To not see it, one has to not want to see it.

Quote from: paulie_w on February 15, 2013, 10:51:31 AM

so, i think you're all crazy. the only threads here should be "buy!" "fucking buy now!" and "still buying!"

My question to you is: why are you posting this now that lots of people are in a frenzy to buy anyway?

Another question to everyone: there are many threads and posts of this type now. Where were they in September '11, when I had to get angry at bears for constantly insulting bulls or even balanced traders? We are over a factor 13 away from the low. Shouldn't anyone screaming now have screamed 13 times louder then?

Nemesis

sr. member

Activity: 462

Merit: 250

Quote from: paulie_w on February 15, 2013, 10:51:31 AM

then what the hell are you doing messing with bitcoin anyway?

i don't understand any of you sell, ever. i would not sell a single bitcoin until at least 5-6 years from now. whether $5 or $500, what price you buy at until then probably doesn't matter in the slightest.

think about that guy who spent 10,000 on a pizza. i'll bet he'd rather have $270,000 in value right now but never even considered that it might be possible.

guys, at _$3000_ per bitcoin, we're still talking about a total market cap that is roughly only equal to a _single_ fortune 500 company.

so, i think you're all crazy. the only threads here should be "buy!" "fucking buy now!" and "still buying!"

LOL you should wonder why ppl even bother trading.

Better yet, just ask any hedge fund to .... just fucking buy.... thats a better way to earn returns and those big fat bonus!

mccorvic

hero member

Activity: 518

Merit: 500

I do agree with you OP, but I don't have tons invested in BTC either. I have always said buy and hold. If the market crashes to $5 today I would, personally, still just buy and hold.

The only exception is if the market jumped like $30 dollars in a day. In that case I'd probably wait to buy for a week or two to test stability.

CLARIFICATION: I actually usually say Buy and Hold or Spend. I think the 10,000BTC pizza was important and I do use BTC to buy goods/services whenever possible because BTC is more than just hoarding. It's about a new economy for the Internetz.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Such threads always appear at bubble top, as goofs always join last.

Happy bulls screaming everywhere is a first warning sign =) As well as situation when blood runs on street and everybody selling - is a good sign for reversal.

You better watch the signs, or you may miss the point of huge reversal with such overwhelming sentiment.

marhjan

full member

Activity: 215

Merit: 105

Poorer than I ought to be

Quote from: paulie_w on February 15, 2013, 10:51:31 AM

think about that guy who spent 10,000 on a pizza. i'll bet he'd rather have $270,000 in value right now but never even considered that it might be possible.

Consider the fact that if the pizza transaction, and the few pairs of alpaca socks which actually sold never happened, btc may have never gotten off the ground. I'm quite sure that even with hindsight the buyer of that pizza considers it a worthwhile investment.

paulie_w

sr. member

Activity: 420

Merit: 250

then what the hell are you doing messing with bitcoin anyway?

i don't understand any of you sell, ever. i would not sell a single bitcoin until at least 5-6 years from now. whether $5 or $500, what price you buy at until then probably doesn't matter in the slightest.

think about that guy who spent 10,000 on a pizza. i'll bet he'd rather have $270,000 in value right now but never even considered that it might be possible.

guys, at _$3000_ per bitcoin, we're still talking about a total market cap that is roughly only equal to a _single_ fortune 500 company.

so, i think you're all crazy. the only threads here should be "buy!" "fucking buy now!" and "still buying!"

Topic: if you're not buying - page 3. (Read 3672 times)