Pages:
Author

Topic: Maybe I am the last bull... (Read 2794 times)

sr. member
Activity: 434
Merit: 250
July 02, 2013, 11:29:22 PM
#49
What I have regretted is that I didn't sell at around $20 in 2011. If I had, I would have a lot more money now.

I know that feel...
hero member
Activity: 501
Merit: 500
July 02, 2013, 11:14:54 PM
#48
I haven't regretted a single time when I've bought BTC.

I haven't regretted a single time I've sold BTC either.

What I have regretted is that I didn't sell at around $20 in 2011. If I had, I would have a lot more money now.

I didn't want to make the same mistake twice, so this time I've sold above $190. That turned out great.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
July 02, 2013, 10:38:05 PM
#47
If I believed bitcoin was the future, I'd buy it and hold it.. but I dont. And most people are like me, and thats why the price goes up and down.
Most people don't buy and hold?

I thought there were far more bitcoins being hoarded than circulated.
sr. member
Activity: 278
Merit: 251
June 28, 2013, 08:41:14 PM
#46
bitcoin is just a hash that is rare, it's a piece of text, one can claim it's defended by Freedom of Speech, so maybe one day we will see a ruling by the Supreme Court, but that's a long way off.

interesting thought . . . not that it would affect usage much
full member
Activity: 205
Merit: 100
June 28, 2013, 06:37:45 PM
#45




BTC is like all the leaders of the tribe agreeing to make themselves richer. It is immune from what weaklings might say. Therefore in the 19th century it would have been an aristocrat, in the 20th a fascist and in the 21st it votes for Ron Paul.

This has nothing at all to do with the working idea that is bitcoin. Its pure technology.

Bitcoin price speculation and markets are a whole other topic entirely.

Human 'tribes' do what you are describing all the time with fiat currencies. Bitcoin not required. I argue that over time, bitcoin is more resistant to people enriching themselves and their friends through inflation, compared to traditional currencies.

If you know of a better way, develop it and release it to the world. If its truly better, it should flourish.

If there are only seven bananas on the island where there are 3 orangutans, that is a state of no inflation. if however we decide to start printing bananas, there is inflation. it is only in the former case where we see this kind of behavior. In the latter we only see confused orangutans asking the banana issuer when the 3D banana printer is coming.
hero member
Activity: 826
Merit: 508
June 28, 2013, 06:20:30 PM
#44
Yeah, and "everyone who is relevant" has nothing to do with mass adoption. Funny how "everyone" and "the future of...human civilization" is now "everyone who is relevant" -- a bunch of tech geeks.

Digital P2P inflation-proof currency is absolutely in the future of human civilization. I'd take that bet any time.

These ideas are not going away. Deal with it.
I'm not saying they are. I'm saying that the statement OP made was ridiculous, and you haven't done anything to disprove that assertion. I also thought it was worth pointing out since OP was using the old perma-bull "bitcoin is the future" bit to say people should buy in the short / medium term. It's a good reason to buy if you will simply buy and hold for the long haul (indeed, I am a long term bull), but it's quite irrelevant in the shorter term.

As far as my comprehension skills tell me, he said "bitcoin or something like it". I don't have to disprove anything, never said bitcoin was the future of mankind.
You're missing it. He said "today everyone thinks that..." My point was that everyone does not think so; in fact, only an extreme minority of people think so. Hence, it's a really bad basis for his argument.
sr. member
Activity: 411
Merit: 250
June 28, 2013, 06:13:36 PM
#43
I think this is it.

It's going to go up from here. You can say all you want about capitulation and the "great dollar extraction" but, deep in your heart, you know that bitcoin is the future, and bitcoins will therefore inevitably go to $1,000+ USD per bitcoin.

Those of you who are waiting for another $10 drop, or another $20 drop... go for it, but you are risking more than you realize. This is not like 2011 where everyone thought the bitcoin "experiment" was over... today everyone thinks that bitcoin "or something like it" is almost certainly going to be the future of how human civilization engages in trade and storing of value.

A few more weak hands will sell in the next week or two, sure, but Coinsetter, Kraken, CryptoStreet, and dozens of other projects we haven't even heard about are in development and will be coming out soon.

tl;dr: everyone knows bitcoin is the future, even the bears who have sold and want to buy back... don't be the person who sold at the bottom



CryptoStreet! go go go..  

orderbook.
"Refreshes every 10 seconds. Includes real-time pricing from Vircurex, BitStamp, BTC-e, and MtGox."

YES! mtgox  .. volume...     arrrrrr..

cant wait



legendary
Activity: 1736
Merit: 1006
June 28, 2013, 06:05:50 PM
#42
Yeah, and "everyone who is relevant" has nothing to do with mass adoption. Funny how "everyone" and "the future of...human civilization" is now "everyone who is relevant" -- a bunch of tech geeks.

Digital P2P inflation-proof currency is absolutely in the future of human civilization. I'd take that bet any time.

These ideas are not going away. Deal with it.
I'm not saying they are. I'm saying that the statement OP made was ridiculous, and you haven't done anything to disprove that assertion. I also thought it was worth pointing out since OP was using the old perma-bull "bitcoin is the future" bit to say people should buy in the short / medium term. It's a good reason to buy if you will simply buy and hold for the long haul (indeed, I am a long term bull), but it's quite irrelevant in the shorter term.

As far as my comprehension skills tell me, he said "bitcoin or something like it". I don't have to disprove anything, never said bitcoin was the future of mankind.


Yeah, and "everyone who is relevant" has nothing to do with mass adoption. Funny how "everyone" and "the future of...human civilization" is now "everyone who is relevant" -- a bunch of tech geeks.

BTC is like all the leaders of the tribe agreeing to make themselves richer. It is immune from what weaklings might say. Therefore in the 19th century it would have been an aristocrat, in the 20th a fascist and in the 21st it votes for Ron Paul.

This has nothing at all to do with the working idea that is bitcoin. Its pure technology.

Bitcoin price speculation and markets are a whole other topic entirely.

Human 'tribes' do what you are describing all the time with fiat currencies. Bitcoin not required. I argue that over time, bitcoin is more resistant to people enriching themselves and their friends through inflation, compared to traditional currencies.

If you know of a better way, develop it and release it to the world. If its truly better, it should flourish.
hero member
Activity: 826
Merit: 508
June 28, 2013, 06:03:32 PM
#41
Yeah, and "everyone who is relevant" has nothing to do with mass adoption. Funny how "everyone" and "the future of...human civilization" is now "everyone who is relevant" -- a bunch of tech geeks.

Digital P2P inflation-proof currency is absolutely in the future of human civilization. I'd take that bet any time.

These ideas are not going away. Deal with it.
I'm not saying they are. I'm saying that the statement OP made was ridiculous, and you haven't done anything to disprove that assertion. I also thought it was worth pointing out since OP was using the old perma-bull "bitcoin is the future" bit to say people should buy in the short / medium term. It's a good reason to buy if you will simply buy and hold for the long haul (indeed, I am a long term bull), but it's quite irrelevant in the shorter term.
sr. member
Activity: 280
Merit: 250
June 28, 2013, 06:01:38 PM
#40
Buy and hold.

Of course you can multiply your coins with daytrading. Here is how.

1. Look at the graph.
2. Travel back in time.
3. Buy.
4. Come back to present
5 Sell

Its like bicycling. It's easy when you have learnt it.
full member
Activity: 205
Merit: 100
June 28, 2013, 05:49:22 PM
#39

Yeah, and "everyone who is relevant" has nothing to do with mass adoption. Funny how "everyone" and "the future of...human civilization" is now "everyone who is relevant" -- a bunch of tech geeks.

BTC is like all the leaders of the tribe agreeing to make themselves richer. It is immune from what weaklings might say. Therefore in the 19th century it would have been an aristocrat, in the 20th a fascist and in the 21st it votes for Ron Paul.
legendary
Activity: 1736
Merit: 1006
June 28, 2013, 05:47:13 PM
#38
Yeah, and "everyone who is relevant" has nothing to do with mass adoption. Funny how "everyone" and "the future of...human civilization" is now "everyone who is relevant" -- a bunch of tech geeks.

Digital P2P inflation-proof currency is absolutely in the future of human civilization. I'd take that bet any time.

These ideas are not going away. Deal with it.
hero member
Activity: 826
Merit: 508
June 28, 2013, 05:38:25 PM
#37
today everyone thinks that bitcoin "or something like it" is almost certainly going to be the future of how human civilization engages in trade and storing of value.
LOL, what a joke. Such a cult mentality.

Is that what you said about the internet?  Huh

I hope you're just trolling; either that or you don't understand tech.

Bitcoin 'or something like it' is here to stay.
See bolded. Do you really believe that's the current state of affairs? It's not clear to me that more than an extreme minority of people believe this. Obviously you believe it. And what of everyone?

No, he didn't mean your grandmother or Paris Hilton.

Nearly everyone who is relevant has positive things to say about bitcoin technology.
Yeah, and "everyone who is relevant" has nothing to do with mass adoption. Funny how "everyone" and "the future of...human civilization" is now "everyone who is relevant" -- a bunch of tech geeks.
legendary
Activity: 1736
Merit: 1006
June 28, 2013, 05:30:43 PM
#36
today everyone thinks that bitcoin "or something like it" is almost certainly going to be the future of how human civilization engages in trade and storing of value.
LOL, what a joke. Such a cult mentality.

Is that what you said about the internet?  Huh

I hope you're just trolling; either that or you don't understand tech.

Bitcoin 'or something like it' is here to stay.
See bolded. Do you really believe that's the current state of affairs? It's not clear to me that more than an extreme minority of people believe this. Obviously you believe it. And what of everyone?

No, he didn't mean your grandmother or Paris Hilton.

Nearly everyone who is relevant has positive things to say about bitcoin technology.

Furthermore, opinions are just that. Many smart people have made silly predictions about technology that were precisely wrong. I look at what people are dong with bitcoin. Does it work, is it unique, is it useful, does it become more useful the more people use it, and does it have development potential? I believe all of those things are a yes. That's good enough for me, but it is always useful hear the opinions of experienced professionals from a spectrum of different fields.
full member
Activity: 210
Merit: 100
June 28, 2013, 05:29:42 PM
#35
today everyone thinks that bitcoin "or something like it" is almost certainly going to be the future of how human civilization engages in trade and storing of value.
LOL, what a joke. Such a cult mentality.

Is that what you said about the internet?  Huh

I hope you're just trolling; either that or you don't understand tech.

Bitcoin 'or something like it' is here to stay.

I guess i agree.  I just don't find the "something like it" part reassuring... Roll Eyes
hero member
Activity: 826
Merit: 508
June 28, 2013, 05:25:38 PM
#34
today everyone thinks that bitcoin "or something like it" is almost certainly going to be the future of how human civilization engages in trade and storing of value.
LOL, what a joke. Such a cult mentality.

Is that what you said about the internet?  Huh

I hope you're just trolling; either that or you don't understand tech.

Bitcoin 'or something like it' is here to stay.
See bolded. Do you really believe that's the current state of affairs? It's not clear to me that more than an extreme minority of people believe this. Obviously you believe it. And what of everyone?

MAbtc... that's the point! SO FEW PEOPLE HAVE HEARD OF BITCOIN AND IT'S NEARLY $100 USD per BTC... that's extremely bullish in my opinion. Once more people know... the moon!
That just means it was massively over-hyped. You could have said the exact same thing at $266 -- bullish then, too? You can't have hype cycles and simply continue to go up, up, up.
legendary
Activity: 1008
Merit: 1000
June 28, 2013, 05:19:38 PM
#33
today everyone thinks that bitcoin "or something like it" is almost certainly going to be the future of how human civilization engages in trade and storing of value.
LOL, what a joke. Such a cult mentality.

Is that what you said about the internet?  Huh

I hope you're just trolling; either that or you don't understand tech.

Bitcoin 'or something like it' is here to stay.
See bolded. Do you really believe that's the current state of affairs? It's not clear to me that more than an extreme minority of people believe this. Obviously you believe it. And what of everyone?

MAbtc... that's the point! SO FEW PEOPLE HAVE HEARD OF BITCOIN AND IT'S NEARLY $100 USD per BTC... that's extremely bullish in my opinion. Once more people know... the moon!
hero member
Activity: 826
Merit: 508
June 28, 2013, 04:25:01 PM
#32
today everyone thinks that bitcoin "or something like it" is almost certainly going to be the future of how human civilization engages in trade and storing of value.
LOL, what a joke. Such a cult mentality.

Is that what you said about the internet?  Huh

I hope you're just trolling; either that or you don't understand tech.

Bitcoin 'or something like it' is here to stay.
See bolded. Do you really believe that's the current state of affairs? It's not clear to me that more than an extreme minority of people believe this. Obviously you believe it. And what of everyone?
legendary
Activity: 1148
Merit: 1001
June 28, 2013, 03:56:24 PM
#31
today everyone thinks that bitcoin "or something like it" is almost certainly going to be the future of how human civilization engages in trade and storing of value.
LOL, what a joke. Such a cult mentality.

Is that what you said about the internet?  Huh

I hope you're just trolling; either that or you don't understand tech.

Bitcoin 'or something like it' is here to stay.
YES!

I keep reading articles about how people want to use their phones to pay for things.  The banks keep charging more fees for this, partially because of security issues and partially because they can make more money.  People will eventually get sick and tired of paying these fees and hopefully Bitcoin will be ready to come in and solve this major problem, as well as many other major problems, and we will see how Bitcoin is the future of how currency is traded.  It seems rather obvious and not a "joke."

The sooner the better I say.  Of course, we have banks and governments to struggle with first and it will not be that simple.
full member
Activity: 224
Merit: 100
One bitcoin to rule them all!
June 28, 2013, 03:54:36 PM
#30
You are not the only bull, there are plenty of people around who think the price will go up long-term. Some of us just realize the long-term and short-term can be moving in opposite directions.

^^This^^

Also, the price-swings make it more interesting. If you have some foreign coins to a country you might visit again, you put them in a drawer and don't think about them -Even if it's Zimbabwean notes. With BTC it's different, and that is one of the allures. It's half gambling, half future money and half geek-power. Thats 150%, more than enough reasons to follow BTC and be in/out according to the markets.

The fluctuations of BTC is a mayor selling-point for pinkies. Only thing that is missing is truly easy ways of getting in/out - easy as in Credit/debit Card and more places that accept it as payment. -Then everyone can speculate a little on price-fluctuations and discuss it over the water-cooler, and BTC might become the preferred method of paying online.

-Only bad thing is that when everyone wants to speculate, the price will become stable as BTC are traded at higher volumes and there will be a rush to buy if prices are a little lower than usual, and a rush to sell when prices rise too fast.
Pages:
Jump to: