Topic: If you're not out, get out. - page 5. (Read 26379 times)
If you're not out, get out... of fiat.
If you're not out, get out.
It's funny that the image in the OP is the 2013 chart, not the 2011 one.
I think somebody edited that first post.
bitcoincharts image are dynamic. I think somebody edited that first post.
Oops, should have checked the source. I was sure it was a screenshot
Sorry for the disturbance, please continue the bear-bull fight.
It's funny that the image in the OP is the 2013 chart, not the 2011 one.
I think somebody edited that first post.
bitcoincharts image are dynamic. I think somebody edited that first post.
It's funny that the image in the OP is the 2013 chart, not the 2011 one.
I think somebody edited that first post.
I think somebody edited that first post.
Bitcoin is stronger than ever.
This statement has been true everyday since Bitcoin's conception
He didn't make a right call, what he was saying can never be defined as a "call", just saying it's going to go down doesn't make it a "call", to make a call he has to give a target a priori, which he didn't, it's all hindsight.
I mean in the vernacular sense.Nagle said Bitcoin was dead, and evorhees said he and others were still building it. Evorhees was correct and Nagle was incorrect.
Well, have fun with your soon to be worthless fiat money then OP. 
So they were right? Bubble did not deflate completely and it dropped 2.5 times further down?
Few people in the thread were entirely right. Nagle certainly wasn't.
I'm the original poster in this topic. I called the collapse of Bitcoin on June 11, 2011. I wrote "Bitcoin, the new "digital currency", looks like a Ponzi scheme. Only Ponzi schemes chart like that. When Ponzi schemes crash, they crash fast, and they crash all the way." "There's no revenue model here. All growth comes only from new investors. This is a bubble in its pure form."
It's been all downhill since then. The price was $17 then. It's dropped $4 per month for the last four months. It's at $2.52 now.
Our criterion for "Dead" on Downside was when the price was off 90% from the high. Bitcoin is now dead.
We warned you. You didn't listen.
If you have substantial cash in an exchange, get it out now. We're going to find out quite soon which exchanges have all the customer's cash and which don't.
He called bitcoin "dead" $0.52 and 30 days away from the two year low from which we haven't come remotely close to having seen again.It's been all downhill since then. The price was $17 then. It's dropped $4 per month for the last four months. It's at $2.52 now.
Our criterion for "Dead" on Downside was when the price was off 90% from the high. Bitcoin is now dead.
We warned you. You didn't listen.
If you have substantial cash in an exchange, get it out now. We're going to find out quite soon which exchanges have all the customer's cash and which don't.
This is the best call in the entire thread.
Of course... if either Nagle or Foo was confident in their predictive ability, they would've shorted btc at 5:1 leverage on Bitcoinica and made a fortune. They can still short if they're confident. But I'm guessing they prefer to make predictions without backing them.
Enjoy your euphemism. The rest of us are building stuff.
Enjoy your euphemism. The rest of us are building stuff.
He didn't make a right call, what he was saying can never be defined as a "call", just saying it's going to go down doesn't make it a "call", to make a call he has to give a target a priori, which he didn't, it's all hindsight.
Y'all really know how to hurt a guy by bringing back all these Nagle threads.
I'll say it again: Nagle is an idiot!
I'll say it again: Nagle is an idiot!
If you are not out then stay inside. Stay out of the crowd. They think ANOVA or analysis of variance is their forte. Well they haven't even heard of it.
Yes. Makes sense.
I think the recent 136 is an important level. If it can top it then the bull-market is still very much on. Similarly, if the recent 88 is breached then a real bear-market is underway.
I think the recent 136 is an important level. If it can top it then the bull-market is still very much on. Similarly, if the recent 88 is breached then a real bear-market is underway.
I have similar thinking. My trigger levels are farther away, though: $149 for bull and $80 for bear, based on an old analysis from early May which is still valid imo.
Echoes of the past can't be used to predict the future of Bitcoin. It is not a corporation and it doesn't move like it is a corporation.
$20-$30 looks reasonable to me if we discount that bubble
Bitcoin is over.
I've been saying for months
I was right. You were wrong. Now suffer.
I've been saying for months
I was right. You were wrong. Now suffer.
Hello Nagle,
I just made a transaction and it perfectly works. You are wrong. I'm not suffering.
Goodbye.
Where were they when bitcoins reached 200 dollars. Speculators are just out there to show the world that they are imbeciles. They cannot sense how the world perceives them because they are imbeciles.
Yes. Makes sense.
I think the recent 136 is an important level. If it can top it then the bull-market is still very much on. Similarly, if the recent 88 is breached then a real bear-market is underway.
I think the recent 136 is an important level. If it can top it then the bull-market is still very much on. Similarly, if the recent 88 is breached then a real bear-market is underway.
I have similar thinking. My trigger levels are farther away, though: $149 for bull and $80 for bear, based on an old analysis from early May which is still valid imo.
Bitcoin is over.
I've been saying for months
I was right. You were wrong. Now suffer.
I am not much into necrothreads, but I am 100,0% sure we find "Bitcoin is dead" threads with you as OP from 2011.
shortly:
When I look at the development of Bitcoin prices for 12 months:
Last year in June, it was possible to buy Bitcoin for around $ 5
In January this year about $ 15
in April this year about $ 55
now $ 88
Even if it was half the price than it is now, it would be appreciation of 900%.
This is not a bad investment for me
I think Bitcoin it's been a good investment for 99% of the members on this forum. Some noob may have bought at $200 and panic-sold at a loss after the April, 10th crash, getting burned, but IMO that would have been a terrible mistake, as they should have just holded or played with the market to lower their average entry price. Bitcoin's minimum potential is 5 figures of $ per Bitcoin, everybody with half a brain understands that, but it is not a get-rich-quick scheme. There is high volatility and high risks, but also huge potential gains.
shortly:
When I look at the development of Bitcoin prices for 12 months:
Last year in June, it was possible to buy Bitcoin for around $ 5
In January this year about $ 15
in April this year about $ 55
now $ 88
Even if it was half the price than it is now, it would be appreciation of 900%.
This is not a bad investment for me
Jump to: