Topic: I'm Out - page 6. (Read 8599 times)
legendary
Activity: 2758
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
what....you don't see how powerful BTC is that's it got the world powers running scared. The more Govs try to ban, hinder and tax BTC the brighter BTC's future and the more GOVs consign themselves to irrelevance.
and they can't ban BTC. Also there will be plenty of Chinese GOV officials buy BTC. Think of them as extra loud FUD.
and they can't ban BTC. Also there will be plenty of Chinese GOV officials buy BTC. Think of them as extra loud FUD.
Running scared? Delusional or denial. You pick.
Agreed, market cap is still teeny weeny.
Lots of room to grow, which is nice.
That's a pretty neat chart I see its a coindesk one but can you link to the article?
and finally, capitulation
Generally speaking, I think the best time to buy is when you most feel like selling. In this case, though, I think bitcoin is still significantly overvalued for an important reason.
I think it was/is a mistake to price value into bitcoin based on acceptance by governments. Bitcoin is a thorn in governments' side. I think it's here to stay, but it will always have a fringey aura about it, and it will become flat out illegal in some economically significant countries.
I think it was/is a mistake to price value into bitcoin based on acceptance by governments. Bitcoin is a thorn in governments' side. I think it's here to stay, but it will always have a fringey aura about it, and it will become flat out illegal in some economically significant countries.
what....you don't see how powerful BTC is that's it got the world powers running scared. The more Govs try to ban, hinder and tax BTC the brighter BTC's future and the more GOVs consign themselves to irrelevance.
and they can't ban BTC. Also there will be plenty of Chinese GOV officials buy BTC. Think of them as extra loud FUD.
and they can't ban BTC. Also there will be plenty of Chinese GOV officials buy BTC. Think of them as extra loud FUD.
Running scared? Delusional or denial. You pick.
Agreed, market cap is still teeny weeny.
Lots of room to grow, which is nice.
legendary
Activity: 2758
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
worst time to get out actually. Right now i tell everybody to get in.
... well at least OP is in silver and not in fiat. He will be alright.
... well at least OP is in silver and not in fiat. He will be alright.
True enough solid commodities will hold out fine but he did get in at 5 dollars so raking in profits never hurts
Although in my opinion he could have sold a lot more at 1k we don't know his sell prices
worst time to get out actually. Right now i tell everybody to get in.
... well at least OP is in silver and not in fiat. He will be alright.
... well at least OP is in silver and not in fiat. He will be alright.
Good idea. See "How Isaac Newton went flat broke chasing a stock bubble" at http://www.sovereignman.com/finance/how-isaac-newton-went-flat-broke-chasing-a-stock-bubble-13268/.
Will Bitcoin ever go back up? If things continue on about like they are now it will. Why? Because it is the most stable currency around, not being based on the stupidity of the central bankers.
But the real reason Bitcoin will go up is that the innovation that is Bitcoin is just starting. Mastercoin and Counterparty are building new ideas on bitcoin. And MaidSafe is exploiting some of the Bitcoin ideas in entirely grand ways.
If things continue along as they are going now, the governments of the world will eventually become Bitcoin-style, blockchain regulated and decentralized among the people. Freedom will abound. Bitcoin has just scratched the surface of the greatness it has the chance to become. See: https://bitcointalksearch.org/topic/m.6026390.
Look at the fundamentals. The attention to taxation is bullish. The fact that they are addressing it says that Bitcoin has arrived and is making an impact.
Bull run isn't over.
Central banks still printing like crazy.
Bull run isn't over.
Central banks still printing like crazy.
2014 is the year of regulation. it was clear that this will happen and it will help BTC in the long run in my view.
Yep. Real companies are able to get involved now. There are certainly taxation compliance issues and integrating those fixes into business models, but there's nothing but smart people working in the Bitcoin tech sector and it will be done.
A whole new sub-sector of Bitcoin is starting up: tax services!
worst time to get out actually. Right now i tell everybody to get in.
... well at least OP is in silver and not in fiat. He will be alright.
... well at least OP is in silver and not in fiat. He will be alright.
what....you don't see how powerful BTC is that's it got the world powers running scared. The more Govs try to ban, hinder and tax BTC the brighter BTC's future and the more GOVs consign themselves to irrelevance.
and they can't ban BTC. Also there will be plenty of Chinese GOV officials buy BTC. Think of them as extra loud FUD.
and they can't ban BTC. Also there will be plenty of Chinese GOV officials buy BTC. Think of them as extra loud FUD.
Running scared? Delusional or denial. You pick.
Look at the fundamentals. The attention to taxation is bullish. The fact that they are addressing it says that Bitcoin has arrived and is making an impact.
Bull run isn't over.
Central banks still printing like crazy.
Bull run isn't over.
Central banks still printing like crazy.
2014 is the year of regulation. it was clear that this will happen and it will help BTC in the long run in my view.
So why is the hashpower still rising?
Do the miners know something we don't?
Do the miners know something we don't?
chinese gov joined the mining game.
what....you don't see how powerful BTC is that's it got the world powers running scared. The more Govs try to ban, hinder and tax BTC the brighter BTC's future and the more GOVs consign themselves to irrelevance.
and they can't ban BTC. Also there will be plenty of Chinese GOV officials buy BTC. Think of them as extra loud FUD.
and they can't ban BTC. Also there will be plenty of Chinese GOV officials buy BTC. Think of them as extra loud FUD.
If you got scared in losing 5 dollars worth of BTC then stick to watching then playing in this game, leave it for the big boys.
can you not read? He said he's been involved in BTC since it was worth about 5$.
This is going to turn into a regret thread later this year lol
Could be the regret thread for YOU too when you go "damn, that dude was smart, he got out before it hit 10 cents!". WE. DON'T. KNOW. WHAT. BITCOINS. FUTURE. WILL. BE. It's not a get rich quick thing, it's not an investment, it's a currency... stop treating it like your lottery ticket.
It could have been a currency, but as you rightly point out, the get rich quick, buy and hold mentality, turned it into a speculative commodity. Now the IRS has labeled it based on that fact and rendered it virtually useless as a currency for average Joe's. The parties over. Greed did it in.
If you got scared in losing 5 dollars worth of BTC then stick to watching then playing in this game, leave it for the big boys.
can you not read? He said he's been involved in BTC since it was worth about 5$.
This is going to turn into a regret thread later this year lol
Could be the regret thread for YOU too when you go "damn, that dude was smart, he got out before it hit 10 cents!". WE. DON'T. KNOW. WHAT. BITCOINS. FUTURE. WILL. BE. It's not a get rich quick thing, it's not an investment, it's a currency... stop treating it like your lottery ticket.
silver to me is useless, just a space waster. bitcoin, i can totally send it to my peers anywhere in the world. i dont see myself getting rich in silver anyway
Bitcoin isn't for getting rich, that's the reason the rpices are so volatile... people like YOU are trying to get rich, when it peaks you sell triggering a fall in value, eventually you buy more back. We wouldn't nearly as crazy of a roller coaster on historical price charts without people like YOU trying to get RICH off of bitcoin. It's a currency, a method of exchanging perceived value... it's not a stock/bond/or other investment. People like YOU are what might someday kill bitcoin.
I second that...
I'll trade my coins til sun shines, I'll cashout some when I feel too but I'll never sell all my bitcoins. Never.
silver to me is useless, just a space waster. bitcoin, i can totally send it to my peers anywhere in the world. i dont see myself getting rich in silver anyway
Bitcoin isn't for getting rich, that's the reason the prices are so volatile... people like YOU are trying to get rich, when it peaks you sell triggering a fall in value, eventually you buy more back. We wouldn't nearly as crazy of a roller coaster on historical price charts without people like YOU trying to get RICH off of bitcoin. It's a currency, a method of exchanging perceived value... it's not a stock/bond/or other investment. People like YOU are what might someday kill bitcoin.
I can't see how crypto won't be big in 5 years.
Countries are just starting to make early decisions on how to tax and/or regulate it. It could go south fast.
If you only put your money into sure investments don't expect to actually make much money. UNless you started with several billion/trillion, but I doubt you are a Rothschild.
Bitcoin is a currency, not an investment.
I've done some trading courses in my time and I must say that where bitcoins price is now is perfectly normal, text book crash. It has fallen to just over 60% of its highest value. Check all stock crashes and this happens 'most' of the time. I believe the fundamentals could stop bitcoin from rising as sharp as it did before, but for it to be worth anything as an investment you want it to gain price slowly. It's the only way it may hold it's value. Bitcoin needs lots of trading volume to do this.
I would say the next price level should be around $750, but may not make it to that level for at least a year or so. After that it may drop back down to around $500, then after that I couldn't tell you. After most crashes there is a sideways movement for a while. I believe Bitcoin's will last for a year.
I wouldn't be selling if I held them, not yet anyway. Not sure if I would buy though, I still need to see more secure trading platforms in my country before I do that.
I would say the next price level should be around $750, but may not make it to that level for at least a year or so. After that it may drop back down to around $500, then after that I couldn't tell you. After most crashes there is a sideways movement for a while. I believe Bitcoin's will last for a year.
I wouldn't be selling if I held them, not yet anyway. Not sure if I would buy though, I still need to see more secure trading platforms in my country before I do that.
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