Topic: I've Never Been More Bullish - page 2. (Read 3034 times)

The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.

Everyone is welcome to post their opinion, but if you disagree with me, please explain why you feel the way you do. Honestly, I am totally okay with the risk of losing what I invest. I only invest what I am willing to lose. I feel that it's a good investment because for every $10 I invest I could earn as much as $100 pretty quickly... but I can only lose the $10.

Don't feed the troll, I'm almost sure he's making these posts just for fun, to read and laugh at the users reactions.
His main account is a different one.

the word is LOSSES failure, LOSSES not LOSE. learn to spell you moron, also the price is not dropping. its 30$ over what you said it would be dropping to within 24 hours like 4 days ago. its like you try and be more wrong with every post...just shut up already.

Falllling you should stop spreading bad news about the price...

nope, the price is dropping and will have a huge dump, Razick is going to lose $$$ if he doesn't cut lose now

There were too many good news in this period, the price should rise in the next weeks.

Excellent post! Couldn't agree more. I also feel that the sentiment on the forums is getting better for rising prices. Before perhaps there were too many how were certain there will be a bubble soon.

Considering infrastructure, mining profitability, "Wallstreet money" etc. it is quite clear that bitcoin is currently dirt cheap. However, that doesn't mean it couldn't go lower 

Warning: I can't write at 4am. Yes, I am an idiot for trying. No, you do not get a refund.

If you read over some of my previous posts you'll find that I've often been somewhat bearish when it comes to Bitcoin's price (although I've always believed in its long term prospects). I haven't been entirely right with my predictions in the past, but I haven't been entirely wrong either. Ever since I started following Bitcoin I have, with a few exceptions felt that it is generally overpriced. That doesn't mean I haven't found times I felt comfortable buying in, but I often felt as though cheaper coins were just around the corner, which caused me to hold back more than I should have. Having started following Bitcoin in 2012 I should have a lot of money right now, but what little I did make was lost in Bitfloor and MtGox (Screw you Roman Stylman, you are a thief).

So why am I telling you this? I'm telling you this because despite one of the most bearish moods in this forum I've seen, I have never been more Bullish than I am now. I believe very strongly that right now is a great time to buy. Why? Since the beginning of the year prices have fallen by a lot but--other than some sucky exchanges failing--we've had almost nothing but good news: Major companies such as DISH, Expedia and Dell have begun accepting Bitcoin along with thousands of smaller merchants; companies such as Coinbase, Circle and ANX have introduced powerful new services that will open Bitcoin up to the average Joe; and best of all Bitcoin has become much less mysterious and gained some much needed legitimacy.

Bitcoin is not just a toy for libertarians and technology enthusiasts anymore... it's become a household name. We've seen Bitcoin's price fall 50% despite only getting stronger. The way I see it, people who purchase Bitcoin today are paying much less for a much "better" product than people who purchased in the excitement of late last years massive rally.

Not to mention there are some exiting patterns for followers of technical analysis... if you are in to that sort of thing.

Sure, Bitcoin could go down, and probably will for at least a few more days or perhaps even weeks, but if you felt Bitcoin was a good buy last year at $600 when it had much less going for it, then surely it's a good buy at $600 now. One of the few things holding Bitcoin back right now is it's falling value... but I feel that we are bottoming out. This correction has allowed Bitcoin to develop a firm support backed up by strong fundamentals on which future growth can be built.

I don't expect to get rich, and I refuse to claim that we'll see the $5000 number many have suggested any time soon. But would I be surprised? Not really. What I will claim is that I would be very surprised indeed to see Bitcoin end the year at less than $800 and I find it very likely that we will at least see $1,200 again.

It's up to you to decide what to do, but let me say this: The time to buy is when other people are selling. Don't buy when everyone else is bidding up the price to ridiculous levels... buy when everyone else is selling at a discount. I believe that time is now.