I just got in. Still think its going lower, but wanted to lock in the profits and then go out.
That is the right thing to do and I agree. 100%
Topic: If you're not out, get out. (Read 26388 times)
That is the right thing to do and I agree. 100%
I just got in. Still think its going lower, but wanted to lock in the profits and then go out.
This correction today was obviously needed... new high is possible if buyers can push this out tomorrow because short covering will be rampant causing a +++ day
Nagle is still posting bearish posts even today on the forum.
It must really hurt being that wrong about something. Even if it goes to zero this very afternoon, what a squandered opportunity!
It must really hurt being that wrong about something. Even if it goes to zero this very afternoon, what a squandered opportunity!
Of course he is butthurt about it.
He could have, should have, would have made a ton of money if he bought bitcoin back then and held even until today at not an ATH.
Of course some people can't admit when they are wrong. So funny to see this! lol
The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.
How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.
How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.
Why buy at $7 if you can buy at $5.25?
Why buy at $5.24 if you can buy at $4?
Why buy at $4 if you can buy at $3?
.
.
.
People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.
The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.
See, but no one wants in at $10. No one who's not in bitcoins now wants in at all.
There is no "big dog" to save you guys.
We'll there's people like me... if BTC goes to ridiculously low prices, it would be stupid to not get in relatively big to get a good chunk just IN CASE it explodes again. There is a lot of people like me willing to get in if it goes ridiculously low, just in case.
Also you must understand that the "ridiculous amounts of cash" these guys are talking about is like $100k
Ah the early days... When silly people didn't want in at overpriced $10 bitcoins... The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.
How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.
How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.
Why buy at $7 if you can buy at $5.25?
Why buy at $5.24 if you can buy at $4?
Why buy at $4 if you can buy at $3?
.
.
.
People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.
The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.
See, but no one wants in at $10. No one who's not in bitcoins now wants in at all.
There is no "big dog" to save you guys.
We'll there's people like me... if BTC goes to ridiculously low prices, it would be stupid to not get in relatively big to get a good chunk just IN CASE it explodes again. There is a lot of people like me willing to get in if it goes ridiculously low, just in case.
I get the disticnt feeling that we are merely in the eye of the storm...
Indeed, people are losing interest. There are no billionaire investors waiting to cash in, just people desperate to get rich like the early adopters did. Somebody's gotta lose money. This particular quote keeps coming back, only the "early adopters" group keeps growing.. Second wave of early adopters... Third... Fourth... Still no investors, just adopters... Hmm wait that looks like something.. Can it be people's money?
Nagle is still posting bearish posts even today on the forum.
It must really hurt being that wrong about something. Even if it goes to zero this very afternoon, what a squandered opportunity!
It must really hurt being that wrong about something. Even if it goes to zero this very afternoon, what a squandered opportunity!
Really interesting, some people say that Bitcoin is a bubble in 2011?
Relatively speaking, June 2011 marks the peak of Bitcoin's largest bubble, even if we consider the two bubbles of 2013 as one.
Really interesting, some people say that Bitcoin is a bubble in 2011?
Bitcoin/USD, last 3 months. Any questions?
Bitcoin is over. If you're not out, get out. The last ones to leave will be the worst off.
I've been saying for months that this was a speculative bubble, a pyramid scheme. I said that when bubbles pop, they pop all the way. There were replies like "troll" and "hater". "The bitcoin's value will inevitably increase." (Bazil). "Regular use of Bitcoins will pick up pace, it's inevitable." (Goodlord666). There are still people writing comments like that.
I was right. You were wrong. Now suffer.
Lol how wrong you were long term.
He was right on the short term. From 4.2$ on the 9th September to 2$ in October.
I fixed the chart, so people better understand what he was talking about.
The lesson to learn is that even with Bitcoins' killer app (Silk Road), the bubble still had to deflate a lot.
PS. In the bearish scenario, 9th September 2011 is IMO similar to the 6th October 2014. The rebounds were even stronger back then.
Someone keep pumping old thread for some reasons?
the reason is: to
Someone keep pumping old thread for some reasons?
Bitcoin/USD, last 3 months. Any questions?
Bitcoin is over. If you're not out, get out. The last ones to leave will be the worst off.
I've been saying for months that this was a speculative bubble, a pyramid scheme. I said that when bubbles pop, they pop all the way. There were replies like "troll" and "hater". "The bitcoin's value will inevitably increase." (Bazil). "Regular use of Bitcoins will pick up pace, it's inevitable." (Goodlord666). There are still people writing comments like that.
I was right. You were wrong. Now suffer.
Lol how wrong you were long term.
Lovely thread.
Bitcoin/USD, last 3 months. Any questions?
Bitcoin is over. If you're not out, get out. The last ones to leave will be the worst off.
I've been saying for months that this was a speculative bubble, a pyramid scheme. I said that when bubbles pop, they pop all the way. There were replies like "troll" and "hater". "The bitcoin's value will inevitably increase." (Bazil). "Regular use of Bitcoins will pick up pace, it's inevitable." (Goodlord666). There are still people writing comments like that.
I was right. You were wrong. Now suffer.
LOL, wonder if the OP got "out"?
Yep Id agree with this bear sentiment right now
Still in bear territory for sure
Still in bear territory for sure
Bitcoin/USD, last 3 months. Any questions?
Bitcoin is over. If you're not out, get out. The last ones to leave will be the worst off.
I've been saying for months that this was a speculative bubble, a pyramid scheme. I said that when bubbles pop, they pop all the way. There were replies like "troll" and "hater". "The bitcoin's value will inevitably increase." (Bazil). "Regular use of Bitcoins will pick up pace, it's inevitable." (Goodlord666). There are still people writing comments like that.
I was right. You were wrong. Now suffer.
Wow, this guy seems to know a thing or two about investment! Did any of you listen to his advice? Or are you suffering because you didn't?
IIRC, the guy let it slip that he did his buy-in at around $2. Timed it almost perfectly. Before that he was talking down the market (I always felt ineffectively) and right after that, he shut up for a long long time. He woke up again to try to talk things down briefly after the early 2013 spike, but didn't stick around long. His best work happened from mid to end of 2011. God only knows how much he made if he bought at the late 2011 bottom rather than a series of double-downs as I did.
Lately he's been mostly trying to get people (including yours truly) to sue Mt. Gox for some reason.
Then I guess you hadn't followed him for long enough though.
He still tried to talk down the market after the bottom, check out his posts.
But then again, I take off my hat to you guys who just want to give everyone credit and say nothing but good things after you have sealed your win.
Bitcoin/USD, last 3 months. Any questions?
Bitcoin is over. If you're not out, get out. The last ones to leave will be the worst off.
I've been saying for months that this was a speculative bubble, a pyramid scheme. I said that when bubbles pop, they pop all the way. There were replies like "troll" and "hater". "The bitcoin's value will inevitably increase." (Bazil). "Regular use of Bitcoins will pick up pace, it's inevitable." (Goodlord666). There are still people writing comments like that.
I was right. You were wrong. Now suffer.
Wow, this guy seems to know a thing or two about investment! Did any of you listen to his advice? Or are you suffering because you didn't?
IIRC, the guy let it slip that he did his buy-in at around $2. Timed it almost perfectly. Before that he was talking down the market (I always felt ineffectively) and right after that, he shut up for a long long time. He woke up again to try to talk things down briefly after the early 2013 spike, but didn't stick around long. His best work happened from mid to end of 2011. God only knows how much he made if he bought at the late 2011 bottom rather than a series of double-downs as I did.
Lately he's been mostly trying to get people (including yours truly) to sue Mt. Gox for some reason.
SELL SELL SELL
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