PROUDHON WAS RIGHT! | Bitcointalksearch.org

rpietila

donator

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Quote from: Gordonium on April 11, 2013, 11:53:10 AM

I have to take my words back.

Bulls will strike back.

They started already. I made my first personal bitcoin purchase for 3 weeks:

BTC105 at Bitstamp at $62.

The way I look at it, I just gobbled 1/100000 of all the coins mined so far, which is about 1/10000 of the actively traded stock. The fun is about to increase Grin

bitcon

legendary

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proudhon doesnt even have any bitcoins. Grin

besides even a broken clock is right twice a day... Tongue

Wekkel

legendary

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yes

Quote from: piramida on April 11, 2013, 10:52:45 AM

twice per day a broken clock is right, so once per two years proudhon is right.

+1

Buying opportunities of a lifetime.

Gordonium

sr. member

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I have to take my words back.

Bulls will strike back.

rpietila

donator

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Merit: 1036

Quote from: Crazy on April 11, 2013, 11:24:50 AM

I have in excess of that in the bank and I never have a jittery feeling to do anything. Might explain why you're such a huge speculator on this forum.

Thank you, sir.

Crazy

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I have in excess of that in the bank and I never have a jittery feeling to do anything. Might explain why you're such a huge speculator on this forum.

rpietila

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Activity: 1722

Merit: 1036

Quote from: Crazy on April 11, 2013, 11:12:52 AM

Too bad you weren't wise enough to sell 100% at $200. Imagine all that money.

If you had as much as I do, you would know the jittery feeling every time you have in excess of 100,000 in the bank. You just feel the urge to buy anything that can't be printed. Be it gold, silver or bitcoins.

Adrian-x

legendary

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PROUDHON WAS RIGHT! Not totally.

His argument has been so compelling he convinced me to sellout 2/3s of my coins at an average under $13. From about $50 on up it was even a broken clock is correct twice a day.

piramida

legendary

Activity: 1176

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Borsche

Why would I be desperate? We just had the best run up of any commodity of any time period in human history, and we should be desperate?

No, if you follow basic money management principles bitcoin can only make you happy, sorry Crazy. I'm pretty happy when it goes up (you can easily return your investment and have much coins left), when it goes down (buy more coins for the next run up), and when it's stable (use bitcoins for trading), you just can't lose

Frost

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I don´t know Proudhon but I think he is my friend...

Crazy

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Too bad you weren't wise enough to sell 100% at $200. Imagine all that money.

rpietila

donator

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No, I am not a permabull. In fact I sold about 3% for over $200. As price is back in my buy range of $50 right now, I just resume buying.

The key is to be flexible. Buy low and sell high, and not be suckered to think that the reverse somehow is correct, as it isn't.

Crazy

full member

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I love all the permabulls trying to sell their cause STILL. Hilariously desperate, but hilarious nonetheless.

rpietila

donator

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Sorry, but this is percentage game. What matters, is how many BTC you have, not how much you paid for them, or for what price you can sell them or could have sold them.

The big boys want to get some bitcoins, and currently they are busy getting them. Don't sell to them. They can get almost a million BTC from the suckers during the following month, don't be one of them.

Ok, if you need, sell 10-20%. Cause they want the coins Wink

piramida

legendary

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Borsche

Quote from: drawingthesun on April 11, 2013, 10:55:29 AM

Thats a bit of a cop out isn't it? He said this surge was a bubble and that its going to pop and go down and down, and now it is, Give Proud some credit.

Oh I do love proudhon dearly, I'm just saying he announced the bubble top like every day since November. So I'm much more impressed by his consistency, than by precision of his predictions

As for losing paper profits, big deal, it will recover to that and much higher levels eventually. I'm just glad I sold a little at 200+ to buy more coins once the bear run completes.

Wuji

newbie

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Quote from: Sage on April 11, 2013, 11:01:42 AM

Give it a few weeks. Then lets revisit this post.

The fundamentals haven't changed... only got better.

The cause of this crash (too much money clogging the pipes) is temporary folks!

Mt. Gox issues has changed the fundamentals IMO since they handled 80% of trading. Now that confidence is lost there I revise my low of $70 down to $30. I hope there is an exchange with infrastructure ready to fill their shoes. I doubt they can re architect their site in 12 or 24 hours.

Crazy

full member

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Quote from: Sage on April 11, 2013, 11:01:42 AM

The cause of this crash (too much money clogging the pipes) is temporary folks!

I literally just LOL'd. Wow.

Wuji

newbie

Activity: 56

Merit: 0

Quote from: marhjan on April 11, 2013, 10:58:57 AM

Quote from: Wuji on April 11, 2013, 10:54:05 AM

Quote from: wormbog on April 11, 2013, 10:50:40 AM

He'll be right when it hits single digits.

It has been there for a while now.. At $72 currently.

https://btc-e.com/

I'm just trying to figure out how $72 is single digits. Single digits = under $10USD and we'll see them soon, but not quite yet. And for the record - Proudhon is NOT right yet, he's been calling for single digits so give it a bit before you pat Proudhon, and me (lol) on the back.

Sorry new to the site and I was thinking he meant double digits, my bad.

Sage

hero member

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Give it a few weeks. Then lets revisit this post.

The fundamentals haven't changed... only got better.

The cause of this crash (too much money clogging the pipes) is temporary folks!

Crazy

full member

Activity: 182

Merit: 106

Quote from: fcmatt on April 11, 2013, 10:58:25 AM

The glorious truth

This.

Topic: PROUDHON WAS RIGHT! (Read 2064 times)