Topic: point of maximum pain - page 5. (Read 12474 times)
Really don't think we will drop below the previous ATH. Didn't happen the last few times.
Plenty of oldtimers coming out of the woodwork for this thread.
I've been here riding the waves since 2011. The point of maximum pain is not here yet. But I predict it will be here soon. Best brace yourself for it now.
I've been here riding the waves since 2011. The point of maximum pain is not here yet. But I predict it will be here soon. Best brace yourself for it now.
I completely agree. If I think about where I and others are emotionally, it reminds me a lot of the opposite of when we went up and hit $600. Based on the history of corrections in Bitcoin, I believe that means that in the next few days we will drop to around $200 and stabilize at just under $400 shortly thereafter.
Im gonna call a low of about 250 a la pain trade, but after that the last bull has become a bear, thats when you buy, because when everyone is a bear there is no one left to sell. Ive seen 2.5 bubbles, I got in at the end of the 32 one. I think we will here continuous bad news from china and other governments, going for the kill when its weak, but I think that the VC money pouring into SV, and professional exchanges and services like circle and secondmarket, will establish bitcoin again, so long as the americans dont ban it. Since I am honored to be around some old timers Id like to hear projections about time to next rally and price estimate? or is everyone think the show is over lol..
Kinda veering from the thread here but.... I dont think it matters how much VC money is going into Bitcoin, what it comes down to is if the critical mass wants something like Bitcoin bad enough. If not, those VC's will simply vanish and lose their money as well.
What we need to do is keep spreading the word about what Bitcoin offers, so that way it reaches as many peoples ears as possible, and the more people collectively want it, the less the Gov & press can eventually screw with it! Simple as that.
Im gonna call a low of about 250 a la pain trade, but after that the last bull has become a bear, thats when you buy, because when everyone is a bear there is no one left to sell. Ive seen 2.5 bubbles, I got in at the end of the 32 one. I think we will here continuous bad news from china and other governments, going for the kill when its weak, but I think that the VC money pouring into SV, and professional exchanges and services like circle and secondmarket, will establish bitcoin again, so long as the americans dont ban it. Since I am honored to be around some old timers Id like to hear projections about time to next rally and price estimate? or is everyone think the show is over lol..
Capitulation will probably start when we cross the 400 USD mark.
This
Funny you mention the 400$ number, earlier today I Was thinking to myself "when we hit the 300's its othing but a fast decline from there, mass panic sells at this point"
Whether I should just hold my btc or diversify into other stuff.... at this point, is the question. No way am I cashing into fiat, Ive already traded some out into other commodities.
I guess the rest of my btc I will just hold till either 0 or da moon =)
Too much emotional trading.
I think there are only two likely possibilities at this point: price is either going to go a lot lower or it's going to stay low for a long time. I am a permabull no longer. Long term bull, yes, but the time frame is months or years. This could very well be a 2011 scenario.
Sure, whales could turn it around, but retail speculators don't have enough cash left and volume is too low for a rational call of a trend reversal. The double whammy of Gox and China compounded each other. This would be a great time to buy if small investors understood the technology and acted rationally, but I see no evidence that this is the case.
There may be an infinite supply of fiat, but I don't have it. I doubt any of you do either. Price will have to retreat to a point where it becomes attractive to new investors ot stay where it's at long enough to build a new base.
Sure, whales could turn it around, but retail speculators don't have enough cash left and volume is too low for a rational call of a trend reversal. The double whammy of Gox and China compounded each other. This would be a great time to buy if small investors understood the technology and acted rationally, but I see no evidence that this is the case.
There may be an infinite supply of fiat, but I don't have it. I doubt any of you do either. Price will have to retreat to a point where it becomes attractive to new investors ot stay where it's at long enough to build a new base.
It's happening...
Isn't the point of maximum pain usually an orgasm?
I m in and out of Bitcoin since 2010...saw a few ups and downs..but this time is different..more complex I believe..bitcoin is the gateway for all the other cryptos..the squeeze is on and across the board ..trying to suck up the profits from the investments made by the people that bought into alternative cryptos..I lost track of how many "promising" alternatives to bitcoin are out there ( and how many are proposed every day...) but there is a significant amount of money that went into those...So I believe that the scope is larger because of that..and of course the maximum point of pain for the Hoddlers is at play here..that being said..my opinion is that we are still going to see a decline in price until the speculators will squeeze out the "life" out of the hoddlers..and of course..don't forget the miners..of every color shape and form rushing to cash in before the price goes way down..
Just my 2 cents..
Just my 2 cents..
Great thread guys, thanks, nice to see some oldschoolers. I also think that a state of complete disbelief at the price hasn't happened yet, so there's still some bargain buying to do later. However, I think we've hit peak trolling on this forum, so that might be a sign we're close to the bottom 
Cosmo and fonzie might be, igorr is unique.
I still think cosmo and fonzie are one and the same.
Anyway Im all fiat in my little trading project, and now Im hoping for another dip and a capitulation so that I could say to myself "at least I didnt sell on the bottom".
In the event that this was the bottom i will freakout and shit my self to complete the feeling.
Anyway Im all fiat in my little trading project, and now Im hoping for another dip and a capitulation so that I could say to myself "at least I didnt sell on the bottom".
In the event that this was the bottom i will freakout and shit my self to complete the feeling.
Nah, he is not.. fonzie is annoying but at times funny troll. I'd still like to knock him down at times, though 
Igorr is commie with some patriotic Russian bullshit in his signature.
And fonzie's english is much better.
Igorr is commie with some patriotic Russian bullshit in his signature.
And fonzie's english is much better.
Nah you are the same guy, igor too
440$ = Point of NO RETURN
You are really on a posting frenzy today, aren't you Fonzie? I'd like to remember you to the fact that no one will actually follow you on this, so why even bother? You must be really mad at Bitcoin. Let me guess, you bought at 1200 and panic sold at 800?
I bought @avg. 105$ before the second run. and started shorting@820$Check my post history.
I was also part of the last bubble in April 2013 where i bought @ avg. 20$ because i thought that Silkroads 4/20 sale would bring the price up
I´m just having fun, that´s all.
?I think you´re mixing me up with somebody else.
440$ = Point of NO RETURN
You are really on a posting frenzy today, aren't you Fonzie? I'd like to remember you to the fact that no one will actually follow you on this, so why even bother? You must be really mad at Bitcoin. Let me guess, you bought at 1200 and panic sold at 800?
I bought @avg. 105$ before the second run. and started shorting@820$Check my post history.
I was also part of the last bubble in April 2013 where i bought @ avg. 20$ because i thought that Silkroads 4/20 sale would bring the price up
I´m just having fun, that´s all.
440$ = Point of NO RETURN
You are really on a posting frenzy today, aren't you Fonzie? I'd like to remember you to the fact that no one will actually follow you on this, so why even bother? You must be really mad at Bitcoin. Let me guess, you bought at 1200 and panic sold at 800?
I bought @avg. 105$ before the second run. and started shorting@820$Check my post history.
I was also part of the last bubble in April 2013 where i bought @ avg. 20$ because i thought that Silkroads 4/20 sale would bring the price up
I´m just having fun, that´s all.
440$ = Point of NO RETURN
Unfortunately I don't feel any pain because I'm ready to lose everything. I would not sell even if it goes to 0 (if it's based on FUD or political news).
I can only listen to my instinct to buy and want more. So... I'll buy when I feel that it is worth going all in with all the fiat I have left in the world. I can't put a price on this yet.
I can only listen to my instinct to buy and want more. So... I'll buy when I feel that it is worth going all in with all the fiat I have left in the world. I can't put a price on this yet.
if u want to buy fine but wait be patient dude time will come
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