Topic: If you're not out, get out. - page 3. (Read 26388 times)

49 what?

Detroit is not a state, and there are way more than 50 cities.

+1

Detroit bankrupt 49 more to go.

If you're not out, get out (of the United States).

Oh no do you think it's too late to get out now??

Looks like Bitcoin has seen its day.

good thing i didnt get out when i first saw this message, i would have sold low to have to buy back high. 

I agree it's possible, likely even, but not this year, and not the next 5 years. This stuff takes time, people are reigned by habit and singularities simply don't happen.

I am not doing good yet, I admit it. But I still think that it is possible, that bitcoin reaches the importance of gold. Most of you don't think that gold is very important, yet bitcoin does not really need to conquer fiat to reach $300, gold is enough.

OP...so funny.

You thought he did, which means he might have just been doing a good job at fooling you.

rpietila wasn't lying like that. He really did believe his 300$/mBTC prediction and he never lied about his holding afaik.

Shake shake .... some bears must still be in here.

If you're not out, get out.

That would be a great hiding place. If I did that I would have to make sure the honey wagon doesn't suck them up.

I flushed all of my bitcoins down the toilet.

Indeed.  Very few people were even cautiously optimistic by the $2.00 bottom in 2011, and that here on this forum which is Bitcoin-centric.  In more mainstream-land Bitcoin was either completely forgotten about or talked about as something which was already a historical footnote.  I see nothing like that sentiment currently, and don't expect it for a while.

I see either hope (meaning capitulation has already happened) or fear, I don't see real capitulation right now... what leads you to think so? I don't see many dumping their BTC any more

We are definitely in a capitulation cycle. It won't last long because Bitcoin is getting strong and will not be ignored. Bitcoin needs to ROAR!!!

I did (or very close to $2 on the up-side.)  I would not call it luck exactly.  I had to keep buying as the price continued to decline in order to hit the bottom which took some balls.  I ended up with far more BTC than I ever expected to have.  I would have made one more buy if we got into the $1.50 range (and probably still would for that matter.)

I calculated and intuited that the value of the solution in a general sense was much higher than the prices I was buying at, and BTC fell to a much lower number than I would guessed they might.  I also expected that it was more likely than not that I would lose all the money I put in so I kissed the money goodbye in real-time as I speculated.

Relatedly, back when I was buying I decided to 'get whole' when I could do so for less than a 10% loss of my BTC holdings.  This I did.

I decided to take my actual winnings when we got into the 1000-X range (i.e, $2 --> $2000).  I'm still waiting and still considering it to be less likely than a near total loss.  But since I am already 'made whole', I can sell at $0.01 and be ahead.

I estimate that it is more likely that this down-leg will pay off than the 2011 one since the solution is more mature and well tested reducing that risk.  But of course it will be more difficult to obtain the kind of BTC than in 2011.

It never went to $1. It went to $1.98, and to buying back at that price was some sheer luck by someone who got his bids placed there