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Topic: Its going to $454, no Its going to zero, no on second thought its going to $50 (Read 2996 times)

full member
Activity: 214
Merit: 100
I just realized that this topic is 2 years old.. anyway, it will not go to zero so up, up and away to $1,000
sr. member
Activity: 286
Merit: 250
this is the most neurotic sentiment Ive seen on an issue possibly in my whole career.  Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature. The greed / fear oscillation is beyond compare.  Match that with tiny float / no liquidity and you get this roller coaster of emotional and financial insanity.

For those having important money in BTC, i.e. college fund, retirement etc, you should be warned that the the lows will be plunged again. Protect yourself, at this stage of development this is a wealth grinder.  Ive seen the effect is some OTC stock issues, but nothing this extreme.

Oh, look guys.  Another trader who thinks he can apply his experience to bitcoin...

Good luck with that.  But after losing your shirt 3 or 4 times, you'll start to sound like us.

Buy and hold.  You might try it.  But you won't until you lose a lot of money.

Even those with trading bot might lose out in the long run compare to buy and hold strategy...
member
Activity: 97
Merit: 10
One American Sumbitch Which Love 8
Oscillations can be taken advantage of. We dole out Nobels for people who figure out how to cash in on unreasonable market behavior. Someone could easily end up holding a Nobel for bitcoin.
Should be John Nash, IMHO.

this is the most neurotic sentiment Ive seen on an issue possibly in my whole career.  Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature. The greed / fear oscillation is beyond compare.  Match that with tiny float / no liquidity and you get this roller coaster of emotional and financial insanity.

For those having important money in BTC, i.e. college fund, retirement etc, you should be warned that the the lows will be plunged again. Protect yourself, at this stage of development this is a wealth grinder.  Ive seen the effect is some OTC stock issues, but nothing this extreme.
sr. member
Activity: 378
Merit: 255
this is the most neurotic sentiment Ive seen on an issue possibly in my whole career.  Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature. The greed / fear oscillation is beyond compare.  Match that with tiny float / no liquidity and you get this roller coaster of emotional and financial insanity.

For those having important money in BTC, i.e. college fund, retirement etc, you should be warned that the the lows will be plunged again. Protect yourself, at this stage of development this is a wealth grinder.  Ive seen the effect is some OTC stock issues, but nothing this extreme.

Oh, look guys.  Another trader who thinks he can apply his experience to bitcoin...

Good luck with that.  But after losing your shirt 3 or 4 times, you'll start to sound like us.

Buy and hold.  You might try it.  But you won't until you lose a lot of money.
hero member
Activity: 854
Merit: 1000
Damn, you guys dig up a 2 year old thread and I didn't even notice.  Everything is the same as it was back then!  Smiley
sr. member
Activity: 462
Merit: 250
I'm almost certain it will surge past 500 then proceed to plummet when someone dumps a shitload

I think the buy walls will crumble, when the Feds liquidate all those coins Cheesy
full member
Activity: 182
Merit: 100
I'm almost certain it will surge past 500 then proceed to plummet when someone dumps a shitload
legendary
Activity: 2016
Merit: 1259
lol this was in 2011

where is the OP now?

Did the OP invest or run away?

I wouldn't wanna be you if you didn't invest and now it is so close to $500 when you were basically in at the cheapest prices...

Last active July 2011. Currently hung by the neck in the closet.
sr. member
Activity: 433
Merit: 250
lol this was in 2011

where is the OP now?

Did the OP invest or run away?

I wouldn't wanna be you if you didn't invest and now it is so close to $500 when you were basically in at the cheapest prices...
full member
Activity: 196
Merit: 101
It's time for it to go to 0 now, I guess.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
...The greed / fear oscillation is beyond compare....

Thanks for finding the perfect words.   Smiley
The greed / fear oscillation is beyond compare!
Can you tell the market is way over-bought again (the new rally was "too fast") and could retest the $10.25 low really soon?
legendary
Activity: 1022
Merit: 1001
Well then. Have fun taking their coins.

This ^^
legendary
Activity: 938
Merit: 1001
bitcoin - the aerogel of money
Well then. Have fun taking their coins.

IF I was a pure darwinist, as many seem to be here, then it would be alot easier.

I am not in favour of exploiting the weak and gullible, either.

But people who see bitcoin as nothing more than a chance of making a quick buck, without any long term commitment to the technology, are damaging us too.

That's why I think they are fair game and deserve to lose their money.
member
Activity: 100
Merit: 10
Word.
The forex markets opened a few hours ago.
I looked at the charts, read some financial news, I placed some orders, set my stops, and turned on my iphone notifications to be sure I would get a text if anything important happened in the market.

Then I looked at mtgox.. Wow.

this is the most neurotic sentiment Ive seen on an issue possibly in my whole career.  Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature. The greed / fear oscillation is beyond compare.  Match that with tiny float / no liquidity and you get this roller coaster of emotional and financial insanity. ..... Ive seen the effect is some OTC stock issues, but nothing this extreme.

hero member
Activity: 910
Merit: 1005
full member
Activity: 182
Merit: 106
You really believe people have sunk their retirement or college funds into this?  Huh

You're just seeing an early adopter sell off, thinks will stabilize over time.
newbie
Activity: 56
Merit: 0
Well then. Have fun taking their coins.

IF I was a pure darwinist, as many seem to be here, then it would be alot easier.
full member
Activity: 124
Merit: 100
I do not think it's going anywhere right now ... Mt.Gox still stuck at 20.15, arrgh  Undecided
legendary
Activity: 938
Merit: 1001
bitcoin - the aerogel of money
Ive traded commodities for 16+ years, and its easy to see in the price action that the people in this market are emotionally unstable and immature.

Then use that to your advantage and profit from their ignorance.
newbie
Activity: 56
Merit: 0
I'm 100% sure it will go to 500. But tomorrow, depending on the prices, I might feel differently.

exactly..... Roll Eyes
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