Topic: Preparing for the BIG FEAST! - page 2. (Read 2822 times)

Quote from: Wind_FURY on July 11, 2017, 01:39:15 AM

Here he is kwukduck again. This is a signal to get ready and buy. He will start spreading FUD again and encourage us to sell every coin we have "because Bitcoin is dead" as long as the price is falling.

I guess you should be the last to say that

A little over a year ago (or was it in fact less than a year ago?) you were preaching yourself that Bitcoin price would never rise over 600 dollars per coin (well, not until the end of 2016). Now you seem to have changed your stance? If you have, it may turn out that you shouldn't. I'm not very familiar with this dude's prophecies (though I think I can safely guess what he had been professing), but this time he might prove right after all. Bitcoin has never been so shaky as it is now (not even after the Mt. Gox catastrophe)

Well at the very least I know it will not go below $1000, but if it does then I will be happy to buy those coins from people who do not want them anymore. Bitcoin will be stronger and better after August 1.

This is what you think, now

And likely many others think along the same lines, today. But if Bitcoin crashes from its current heights (which we kind of got used already) to below 1,000 dollars per coin (i.e. more than 2 times), the market will be stricken with panic, fear, and horror. If you would have bitcoins then, you would be cursing yourself that you hadn't sold out when the price was over 2,000 dollars. Do you really think that you will be able to buy anything then? When the price crashed from 1,200 to 750 dollars, this was exactly what I had been waiting and hoping for (yeah, I expected Bitcoin to bottom at 750 dollars). I bought some coins at that price but still a lot less than I first planned to buy when the price was at 1,200 dollars. In fact, no one can tell for sure how they will actually act in such cases

Wind_FURY

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Quote from: Wind_FURY on July 11, 2017, 01:39:15 AM

Quote from: rogerwilco on July 11, 2017, 11:55:01 PM

Feast?
You call the destruction of a revolutionary network and its ecosystem a feast?
You realize recovery is extremely unlikely with the complete chaos that is coming.... maybe a small bounce but after that its finished, just as i predicted so long ago.

Here he is kwukduck again. This is a signal to get ready and buy. He will start spreading FUD again and encourage us to sell every coin we have "because Bitcoin is dead" as long as the price is falling.

I guess you should be the last to say that

A little over a year ago (or was it in fact less than a year ago?) you were preaching yourself that Bitcoin price would never rise over 600 dollars per coin (well, not until the end of 2016). Now you seem to have changed your stance? If you have, it may turn out that you shouldn't. I'm not very familiar with this dude's prophecies (though I think I can safely guess what he had been professing), but this time he might prove right after all. Bitcoin has never been so shaky as it is now (not even after the Mt. Gox catastrophe)

Well at the very least I know it will not go below $1000, but if it does then I will be happy to buy those coins from people who do not want them anymore. Bitcoin will be stronger and better after August 1.

Kakmakr

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How are newbies able to sell?

There are no difference between the methods being used by old timers and newbies, to sell their coins. < They also use exchanges > The difference is that most Newbies are not used to the volatility in the Bitcoin market and they get trigger happy too quickly. The old timers / early adopters know this and they wait for these Newbies to sell in a mini dip. < We call it Panic coins >

The biggest profits are made, when the dip is sudden and for that to happen whales have to dump coins on several markets/exchanges to get this result. < You need good timing and communication to be successful with this > ^smile^

Chomp Chomp Chomp Chomp .... PacMan sounds.

Herbert2020

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Quote from: tittensor on July 11, 2017, 11:35:07 PM

Quote from: soul-impact on July 11, 2017, 10:50:43 AM

Quote from: machinek20 on July 11, 2017, 07:41:14 AM

Trading is about timing, and this month the price is dropping very low, if we buy the right coin we can earned profit, but the problem now the price hadn't been going up for a long time, so need to be very patience and need to be smart to analyze which coin will be survive in this chaos

Unlike short-term business, if we are long-term business people, we should not look at the present value, let's look at the value of future bitcoin and its capabilities.

Not agree your opinion, Bitcoin at now still hot because technology blockchain of Bitcoin useful and this is the first cryptocurrency have successfully. The banks, government and other company on the world's if want going to the road technology blockchain, they can find top engineers about Blockchain and creating new token or a coin can control and fixed all bug of Bitcoin at now.

If Bitcoin SegWit2x can't fix issue about transaction congestion, time confirm and fees, a token or coin from banks, government will replace it. Remember, IBM began to participate in the road technology blockchain Wink

blockchain technology and the fact that some company (big or small) participated in the technology or embraced it has nothing to do with bitcoin. they use the tech for themselves. it is like saying an altcoin was created! and nobody is ever going to use a centralized bank-issued token instead of bitcoin.

also there is no problem with "transaction congestion" or "fees and confirmation time" to fix! you can check the mempool size of the past 7 days or so to see there is no problem! it was a clear spam attack which has stopped for now and a spam attack can not go on for eternity.

rogerwilco

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How are newbies able to sell?

tittensor

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Quote from: soul-impact on July 11, 2017, 10:50:43 AM

Quote from: machinek20 on July 11, 2017, 07:41:14 AM

Trading is about timing, and this month the price is dropping very low, if we buy the right coin we can earned profit, but the problem now the price hadn't been going up for a long time, so need to be very patience and need to be smart to analyze which coin will be survive in this chaos

Unlike short-term business, if we are long-term business people, we should not look at the present value, let's look at the value of future bitcoin and its capabilities.

Not agree your opinion, Bitcoin at now still hot because technology blockchain of Bitcoin useful and this is the first cryptocurrency have successfully. The banks, government and other company on the world's if want going to the road technology blockchain, they can find top engineers about Blockchain and creating new token or a coin can control and fixed all bug of Bitcoin at now.

If Bitcoin SegWit2x can't fix issue about transaction congestion, time confirm and fees, a token or coin from banks, government will replace it. Remember, IBM began to participate in the road technology blockchain Wink

UFCkid

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Quote from: deisik on July 11, 2017, 05:21:42 AM

Quote from: 1Referee on July 11, 2017, 04:45:36 AM

Quote from: wuvdoll on July 11, 2017, 12:00:28 PM

Not much of a store of value if it drops 10% in 1 day. Thats HUGE - definitely not peanuts.

I think you have to look at things from a different perspective - short term fluctuations don't harm anyone's long term store of value plan. Point is that as long as the value of your coins is going up over a longer period of time, that the fluctuations we experience every now and then won't impact the value of your holdings at all. Important factor is that a store of value is meant to hold its value over a longer period of time, and that's exactly what Bitcoin has been doing throughout the years. In addition, it gave most people a thick fat bonus on top of that.

There can be different approaches

Personally, I'm more inclined to consider as a store of value not something which is going to hold its value over longer periods of time (though I don't deny the viability and plausibility of this approach) but rather something which is resistant to factors contributing to the loss of value during times of economic meltdown and chaos. For example, gold is slowly losing its value over time (I mean time when the economy booms or just moves ahead) but it is likely the only monetary asset out there which will preserve its value during severe crises or even wars. In this way, Bitcoin can hardly be thought of as a store of value. In fact, no speculative asset can be rightfully considered that even if they show consistent profits over longer periods

@1Referee - I liked your response and give you credit for having the ability to think bigger picture.

But my thinking was more towards how @deisik has explained it. That when everything is in the red - a commodity that is a good store of value should be able to withstand the bloodshed. So when you said it has only dropped 10%, which is nothing compared to how much it has risen, my opinion was that the previous price rises were besides the point - a 10% drop was not a good indication of a good store of value- even more so since it is down 26% from last months ATH.

@deisik - best post I've read on BCTalk for ages.

xIIImaL

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Right now prices are staying stable and this type of sustaining prices may end up as another round of rally in very quicker time hence those who have booked profits around $2600 levels may need to get back to board before missing out jumps. Still this must be a great level of trading as it might have profited them some $300 for one bitcoin trading. I speculate another round of similar ups and down will be possible within August 1st as there are plenty of time is there to have prices to go on one steady price movements.

Stability of the bitcoin price is fall down again from the past few days. If this continuous in chart, traders cannot make the bitcoin profitable due to that. We can wait and win the profit but investors will expect the profit everyday for their work and investment amount.

wuvdoll

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Right now prices are staying stable and this type of sustaining prices may end up as another round of rally in very quicker time hence those who have booked profits around $2600 levels may need to get back to board before missing out jumps. Still this must be a great level of trading as it might have profited them some $300 for one bitcoin trading. I speculate another round of similar ups and down will be possible within August 1st as there are plenty of time is there to have prices to go on one steady price movements.

soul-impact

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Quote from: machinek20 on July 11, 2017, 07:41:14 AM

Trading is about timing, and this month the price is dropping very low, if we buy the right coin we can earned profit, but the problem now the price hadn't been going up for a long time, so need to be very patience and need to be smart to analyze which coin will be survive in this chaos

Unlike short-term business, if we are long-term business people, we should not look at the present value, let's look at the value of future bitcoin and its capabilities.

machinek20

hero member

Activity: 840

Merit: 501

Trading is about timing, and this month the price is dropping very low, if we buy the right coin we can earned profit, but the problem now the price hadn't been going up for a long time, so need to be very patience and need to be smart to analyze which coin will be survive in this chaos

deisik

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Quote from: talkbitcoin on July 11, 2017, 06:03:10 AM

Quote from: Wind_FURY on July 11, 2017, 01:39:15 AM

Quote from: talkbitcoin on July 11, 2017, 06:03:10 AM

Feast?
You call the destruction of a revolutionary network and its ecosystem a feast?
You realize recovery is extremely unlikely with the complete chaos that is coming.... maybe a small bounce but after that its finished, just as i predicted so long ago.

Here he is kwukduck again. This is a signal to get ready and buy. He will start spreading FUD again and encourage us to sell every coin we have "because Bitcoin is dead" as long as the price is falling.

I guess you should be the last to say that

A little over a year ago (or was it in fact less than a year ago?) you were preaching yourself that Bitcoin price would never rise over 600 dollars per coin (well, not until the end of 2016). Now you seem to have changed your stance? If you have, it may turn out that you shouldn't. I'm not very familiar with this dude's prophecies (though I think I can safely guess what he had been professing), but this time he might prove right after all. Bitcoin has never been so shaky as it is now (not even after the Mt. Gox catastrophe)

what is wrong with changing stance?

You just don't know the whole story, but it is no less intriguing than that of this kwukduck dude

and you are wrong about the last part too. a quick look at the charts show that bitcoin has always been the same level of "shaky" as it is today. you just seem to be more involved in this "shaky" period than you were in previous ones

Charts are obviously not enough

For example, if you knew that tomorrow an asteroid would smash the Earth, would you still say that it has always been so and would chart mean anything then? Indeed, Bitcoin has always been shaky, but as I specifically pointed it out, it has never been that shaky since the Mt. Gox times. Charts mean shit if tomorrow the Sun is going to explode and there will be no tomorrow, as simple as it gets. It is basically the same for Bitcoin today, read there might not be tomorrow for it either

talkbitcoin

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Quote from: Wind_FURY on July 11, 2017, 01:39:15 AM

Quote from: 1Referee on July 11, 2017, 04:45:36 AM

Feast?
You call the destruction of a revolutionary network and its ecosystem a feast?
You realize recovery is extremely unlikely with the complete chaos that is coming.... maybe a small bounce but after that its finished, just as i predicted so long ago.

Here he is kwukduck again. This is a signal to get ready and buy. He will start spreading FUD again and encourage us to sell every coin we have "because Bitcoin is dead" as long as the price is falling.

I guess you should be the last to say that

A little over a year ago (or was it in fact less than a year ago?) you were preaching yourself that Bitcoin price would never rise over 600 dollars per coin (well, not until the end of 2016). Now you seem to have changed your stance? If you have, it may turn out that you shouldn't. I'm not very familiar with this dude's prophecies (though I think I can safely guess what he had been professing), but this time he might prove right after all. Bitcoin has never been so shaky as it is now (not even after the Mt. Gox catastrophe)

what is wrong with changing stance?
i don't know about Wind_FURY and his speculations but even if you are correct then that simply means he made a mistake in his speculation and now he is making a new one. none of us can see the future anyways.

the difference between Wind_FURY and others with the duck is that the duck is just posting bullshit and none of it has anything to do with speculation. he just screams about doomsday all day long and does it on purpose and is aware of his bullshit.

and you are wrong about the last part too. a quick look at the charts show that bitcoin has always been the same level of "shaky" as it is today. you just seem to be more involved in this "shaky" period than you were in previous ones.

deisik

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Not much of a store of value if it drops 10% in 1 day. Thats HUGE - definitely not peanuts.

I think you have to look at things from a different perspective - short term fluctuations don't harm anyone's long term store of value plan. Point is that as long as the value of your coins is going up over a longer period of time, that the fluctuations we experience every now and then won't impact the value of your holdings at all. Important factor is that a store of value is meant to hold its value over a longer period of time, and that's exactly what Bitcoin has been doing throughout the years. In addition, it gave most people a thick fat bonus on top of that.

There can be different approaches

Personally, I'm more inclined to consider as a store of value not something which is going to hold its value over longer periods of time (though I don't deny the viability and plausibility of this approach) but rather something which is resistant to factors contributing to the loss of value during times of economic meltdown and chaos. For example, gold is slowly losing its value over time (I mean time when the economy booms or just moves ahead) but it is likely the only monetary asset out there which will preserve its value during severe crises or even wars. In this way, Bitcoin can hardly be thought of as a store of value. In fact, no speculative asset can be rightfully considered that even if they show consistent profits over longer periods

1Referee

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Quote from: Wind_FURY on July 11, 2017, 01:39:15 AM

Not much of a store of value if it drops 10% in 1 day. Thats HUGE - definitely not peanuts.

I think you have to look at things from a different perspective - short term fluctuations don't harm anyone's long term store of value plan. Point is that as long as the value of your coins is going up over a longer period of time, that the fluctuations we experience every now and then won't impact the value of your holdings at all. Important factor is that a store of value is meant to hold its value over a longer period of time, and that's exactly what Bitcoin has been doing throughout the years. In addition, it gave most people a thick fat bonus on top of that.

deisik

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Feast?
You call the destruction of a revolutionary network and its ecosystem a feast?
You realize recovery is extremely unlikely with the complete chaos that is coming.... maybe a small bounce but after that its finished, just as i predicted so long ago.

Here he is kwukduck again. This is a signal to get ready and buy. He will start spreading FUD again and encourage us to sell every coin we have "because Bitcoin is dead" as long as the price is falling.

I guess you should be the last to say that

A little over a year ago (or was it in fact less than a year ago?) you were preaching yourself that Bitcoin price would never rise over 600 dollars per coin (well, not until the end of 2016). Now you seem to have changed your stance? If you have, it may turn out that you shouldn't. I'm not very familiar with this dude's prophecies (though I think I can safely guess what he had been professing), but this time he might prove right after all. Bitcoin has never been so shaky as it is now (not even after the Mt. Gox catastrophe)

Denker

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Quote from: 1Referee on July 11, 2017, 02:22:22 AM

I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

Remember, the apparent use of bitcoin is as a store of value. The case of it being a currency has long gone.
Not much of a store of value if it drops 10% in 1 day. Thats HUGE - definitely not peanuts.

The use as currency can not happen first! It will happen much much later. Right now it's the store of value what attracts Bitcoin. To function as a currency we need way less volatality, therefore a much higher market cap, further technological implementations and much more adoption. This will take many more years!So actual status quo is fine.

Regarding the opening post. I don't know, we may go down to $2000. With lots of pressure and brutality maybe below that for a short moment. The buying pressure at this level will be huge imo. So if you guys have some money left and speculate for cheap prices, place orders at those levels -> 2k, 1.9k, 1.8k! With lots of luck they may get filled!

NeuroticFish

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Quote from: Kakmakr on July 11, 2017, 02:05:32 AM