Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 61. (Read 907231 times)

Agreed, and a wise man once told me:

"It's much easier to make the world a better place when you are well funded"

The real Warren Buffett, once he has decided to invest in a company, would increase his positions if the price unfolds. Today's panic is a gift if you think that Bitcoin price was worth more than 100 USD.

Personally, bitcoin's worth value is way below 100 USD. But the spectations of wider user base, in the future, drives the price crazy. Meanwhile Bitcoin expands, wild volatility is inevitable.

For the long term believer, today's price is a gift.

I like your posts, i always did  

Merchants using Bitcoin and then "dumping it" just adds much needed liquidity. It is a clear part of the process. What do you expect merchants to do with a basically unknown new form of currency, store of wealth, etc? It takes time to find price discovery.

Perhaps you expect a government currency to become purely digital and be accepted through forced use, as is basically the case now with most currencies. There are valid reasons behind that, but enter decentralization. Remember, this is a disruptive technology, and it isn't so much about BTC but rather what it is slowly going to infiltrate, Trojan Horse, and disable.  
And please give this currency more than 5 years to function. 5 years and still being around on the net is INCREDIBLE. It speaks for itself.

Many of us here are not "investors", we are people looking to make the world a better place. And we can start by having sound money that isn't inflated away so that governments can start war after war. Turning this planet around, at least in the short to midterm means WE HAVE TO GET RID of the corrupt money and banking systems still stealing our wealth in any form possible.

Some times you have to go with your heart, not your mind. And sometimes both, as with BTC.

Its about sharing, not attacking (again)

But where is you buy zone?  At what price point would you consider selling the castle to load up on BTC?  Or perhaps you wouldn't ever?  You mentioned most of the last bubble selling was in the high 100s, close to 1000 so assuming that a buyback price point would have to be 10x - 20x lower for most who cashed out to buy back at least same amount or more the bottom is still lower.

Bankster cartel is nowadays pharaon.
Media, politicians, judges and all the other hitman are the aristocracy.
We, the rest, are the slaves.

Bitcoin is a poisoned dart in the heart of this worldwide corrupt system, and the long term winner. Simply because criptos can't be uninvented nor destroyed.


Risto, glad to read your valuable posts again.

sounds like you are emotionally invested in not allowing the bitcoin fire of freedom to take hold and become a real currency through organic network effects ... bit late to the party for that.

Because "boosting the price" serves only get rich quick kids like you and at this point it has no real effect on the fundamentals, BTC works whether it is $1 or $1000, for the volume of current transactions it will still work if it is $5, Venture capitalist chose the lower risk and most profitable investment which is investing in companies instead of investing in Bitcoin.

BTW, the companies don't care about hoarders (people like you) because they don't make any money from you, so why would they care about you leaving? in fact the contrary, if you leave you will make them a favor because your hoarded coins will offer more liquidity , and more liquidity will help Bitcoin to mature.

What infrastructure? More merchants accepting bitcoin to immediately dump it via a third party payment processor is not infrastructure, it's just proof that bitcoin is not viable as a real currency. Your mistake is that you've convinced yourself that bitcoin should be worth so much more, when market forces are clearly showing you that it's not. This is how amateur investors lose fortunes. They might close a winning position some of the time, but when they find themselves in a losing position they are so emotionally committed that they can't admit they are wrong and ride it all the way down to destruction.

Warren Buffert aka trollzilla aka waste of forum space.

Thank you rpietila for the insight, your posts are quality

Yes, and guess what? There is no law that compels me to mention it. I do it voluntarily, for my reasons. After going through this, and many other experiences, I know some things about how the world operates. People are able to learn it from my writings, but you can never learn very much if it is not verified by experience.

My dealings with the government started in 2005, by my reading of some conspiracist literature, which seemed to be alarmingly truthful when I compared it to the things I saw happening in the world. Already in 2008 I was so dangerous that an armed team of 8 guys was sent to my home at daybreak. Then came seizures and many court cases. Many perceive that Finland is a lawful country, with lawbreakers punished and law also granting rights to people. Well, miles of laws we have here, but if they are not expedient for the situation at hand, they can be broken by judges. I lost the recognition towards the judicial system after they too many times mistreated me, even against their own laws.

If I believed in my rights, I could have the hospitalization order re-examined, since the law requires me to be "dangerous to myself or others" for such procedure to take effect. Everyone knows that I have never hit another person, nor had a thought or word of hurting myself for over a decade. The only thing I am dangerous against, is the banking cartel. But I already know from experience that the judicial system is capable of straight-faced delivery of any verdict. So raising these matters in court does not help. Raising them here makes fools cry out: "look the guy's just come out from a nuthouse", but it's not the fools for whom I write, it is the wise - the people who understand things, and are here for learning, and contributing themselves.

If something in the above disqualifies me from being read, there's the "Ignore" button for that. Thank you.

In turn, I feel it a chore that your messages need to be "open"ed first before deletion, so please don't post. Thank you.

Ask yourself when the worst time to sell was in 2011

There is voice of reason in the midst of so much babbling nonsense.  Thanks Risto.   

I am having to argue a bit with BitchicksHusband a little about not folding right now though.   I guess it is hard not to get emotional.  We did have to sell some of our holdings in December but bought back a little last week.  I think the hardest thing to wrap my brain around is the fact that BTC should be so much more valuable with all of the infrastructure that has been put into place during 2014.  Why hasn't some of the money used to build this infrastructure been used to boost the price up a bit?  Aren't these companies at all concerned about BTC users getting disillusioned and leaving BTC completely? 

If a person had sold when you infamously called the bottom months ago at $500, they could buy back in now and almost triple their holdings. So good call there. 

And I'm not sure what you mean by "adoption". Many people have sold their holdings for a loss and left the game, probably for good. More retailers are accepting bitcoins, but that's not adoption. They're merely accepting bitcoins through a third party processor to dump to USD immediately... and the only reason most of them are doing that much is because bitcoin cultists begged them to integrate bitcoin payments. From a marketing standpoint, that makes sense. But it doesn't mean retailers are embracing it.

In fact, I think it's a negative direction for bitcoin, since it shows that retailers cannot take the risk to hold such a volatile, hackable currency and instead prefer to dump it straight away. This is not progress, it's actually a proof of concept that bitcoin is not functional as a real currency.

It is no secret that I sold some at $675 in 2013. The next exit zone starts earliest at $3,000, probably higher.

It is no greed to sell at a bottom, it is just stupid. Stuff is as valuable as a year ago (or more, due to more adoption, etc.), yet 75% cheaper. This is a game and you are offered 4 times better odds than last time when you took them. Instead of taking them now, or holding, you decide to fold.

If anyone becomes a billionaire with bitcoin, he deserves it. So many chances of folding were offered but he held on.

Funny how during price drops the whole forum is filled with 95% worthless trolls.

Bitcoiners want to get billionaires quick with their little scheme, call noobs that are trying to get out of the mess late "greedy".

Thank you for your input, rpietila. Hopefully one day bitcoin will grow large enough to break free from market manipulation orchestrated by excessively greedy groups of whales.

Fools don't have 0.2% of all the bitcoins. The number is small enough to be coughed up by anyone with some power (even I would qualify), but at the same time too large to be caused by fools, most of whom have long since either sold all their bitcoins at a loss or keep them away from exchanges (which soon qualifies them among the wise, btw..)

The most feasible scenario is that people are starting to realize that a 7 TPS internet funny money pushed by scammers has zero chances of going global, which is what is necessary to sustain this price: the belief that that it will compete with the big boys ($, €, etc) some day.