Topic: Stop using the term "weak hands" - page 3. (Read 5127 times)
Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!" Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish. One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand." Funny because you should be calling them "smart hands."
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.
Also, what happens if another exchange (maybe btc-e??) goes down. BTC couldnt handle that.
Good luck to holders though.
You havent read the code have you? Try with day 0.3.x u will sing i love u long time I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.
Also, what happens if another exchange (maybe btc-e??) goes down. BTC couldnt handle that.
Good luck to holders though.
I think i prefer it hugely when the heroes and legendarys post on this forum.
"Weak hands" imply holders who sell at the wrong time. Due to the fact that different people trade according to different time horizons (fractals), nobody can really say whether the people currently selling have "weak hands" or not.
I am in it for the long term and I don't mind losing all of my BTC holdings so I am not selling. I have no problems with people selling now if they feel that it is in their best interests to do so. Personally, I'd rather not trade in and out between BTC and fiat because I don't have the time to do so and frankly I know that can't predict the market with the degree of accuracy that some people here think they can.
I am in it for the long term and I don't mind losing all of my BTC holdings so I am not selling. I have no problems with people selling now if they feel that it is in their best interests to do so. Personally, I'd rather not trade in and out between BTC and fiat because I don't have the time to do so and frankly I know that can't predict the market with the degree of accuracy that some people here think they can.
People who use the terms "weak hands" and "sheeple":
- Worried or panicking as they look at their profit dwindle or are already deep underwater. Someone did buy bitcoins at over US$1100 within the last year
People who go on the Speculation forum to chastise others for being idiot investors and gloating in bitcoin going to zero:
- Maybe owned a few bitcoins but sold far too early, didn't buy them cheap and missed out on massive easy profits. They feel terrible now so will do everything to spoil the show for anyone who did get lucky and win the speculation game.
- Worried or panicking as they look at their profit dwindle or are already deep underwater. Someone did buy bitcoins at over US$1100 within the last year
People who go on the Speculation forum to chastise others for being idiot investors and gloating in bitcoin going to zero:
- Maybe owned a few bitcoins but sold far too early, didn't buy them cheap and missed out on massive easy profits. They feel terrible now so will do everything to spoil the show for anyone who did get lucky and win the speculation game.
when the bears come out in numbers I buy,
weak hands is the antonym of bagholder.
I would not sell at any price as I am in BTC forever, its not going back to FIAT.
weak hands is the antonym of bagholder.
I would not sell at any price as I am in BTC forever, its not going back to FIAT.
they are losing money if they are holding btc.
You only lose when you sell for less than you paid.
Nobody has ever lost money by holding.
This post is so wrong it's not even funny.
All you need to do is look at Affymax inc. It's a company that started trading at $30.00 eight years ago. Now its shares are worth $0.14! It's basically worthless and will probably go bankrupt soon. Despite all that, you're telling me that the people who held that company's stocks didn't lose money because they didn't sell?
Read a finance book, man. You need it.
funny how emotional people become; instead of buying continuously to cost average they buy high and then start whining.
look what bears like fallling do: talk BTC down and invest continously, every month a fixed dollar amount - that way you average down
say you invest $100 per month. if price is high you buy less coins, if price is low you buy more coins, so you have more cheap coins than expensive coins, voila, the miracle of cost averaging
look what bears like fallling do: talk BTC down and invest continously, every month a fixed dollar amount - that way you average down
say you invest $100 per month. if price is high you buy less coins, if price is low you buy more coins, so you have more cheap coins than expensive coins, voila, the miracle of cost averaging
I like this thread. It is a great positive indicator...the emotions, the ad hominem attacks, so many people so certain of their opinion that they feel justified in saying things about others on an anonymous forum that they would not say in person.
Still waiting, by the way, for somebody to tell me about the cup of coffee they bought with unrealized gains. They aren't actual gains. Unrealized losses mean that one did not buy at the very bottom. Frankly, most people don't manage to pull off that feat of buying at the bottom. Stuff your fiat in a mattress if you don't want unrealized losses.
Still waiting, by the way, for somebody to tell me about the cup of coffee they bought with unrealized gains. They aren't actual gains. Unrealized losses mean that one did not buy at the very bottom. Frankly, most people don't manage to pull off that feat of buying at the bottom. Stuff your fiat in a mattress if you don't want unrealized losses.
Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!" Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish. One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand." Funny because you should be calling them "smart hands."
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.
Good luck to holders though.
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.
Good luck to holders though.
So is your suggestion to sell all the bitcoin now ? I think this is not the real solution
. The price will raise ( I think) in the next block reward halving (2016) .2016. 2016. 2016. We're in 2014. Everyone will have plenty of time to buy back in before 2016, so why mindlessly hodl while Bitcoin is crashing?
I love cryptocurrencies. I think they will succeed big time. Decentralized digital currency is here to stay. However, we're currently in the midst of a crash. People who convert to fiat will be able to buy back more bitcoin during the next rise, whenever that rise happens. As someone who is looking to maximize the number of bitcoins I own, the last thing I would be doing right now is hodling. In fact, I'm shorting, so that when bitcoin rises again, I can not only buy more coins because they're cheaper, but also buy more coins because I have more money.
I agree. I think the technology behind btc is incredible, but the price right now is showing that it was just manipulated to the ath last winter. Still no demand for it, and definitely no "imminent mass adoption" any time soon. Yes the mainstream media may unfairly connect btc with drug trade, isis (clearly anti btc propaganda), etc, but its scaring off people and giving btc a bad rep. Oh well, I think those saying btc will drop to the 100-200 level and trade in that level for quite somr time are right
Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!" Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish. One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand." Funny because you should be calling them "smart hands."
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.
Good luck to holders though.
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.
Good luck to holders though.
So is your suggestion to sell all the bitcoin now ? I think this is not the real solution
. The price will raise ( I think) in the next block reward halving (2016) .2016. 2016. 2016. We're in 2014. Everyone will have plenty of time to buy back in before 2016, so why mindlessly hodl while Bitcoin is crashing?
I love cryptocurrencies. I think they will succeed big time. Decentralized digital currency is here to stay. However, we're currently in the midst of a crash. People who convert to fiat will be able to buy back more bitcoin during the next rise, whenever that rise happens. As someone who is looking to maximize the number of bitcoins I own, the last thing I would be doing right now is hodling. In fact, I'm shorting, so that when bitcoin rises again, I can not only buy more coins because they're cheaper, but also buy more coins because I have more money.
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself.
Very good point. The last bubble, from about $120 to $1100, was driven by the use of Bitcoin in China to get around China's exchange controls. Once the People's Bank of China stopped that, the price started back down. Probably not. Did you read the Willy Report?
They are only rumors.
But chinese exchanges have the biggest volumes, even now
It's not a rumor that there were trading bots buying more than a half-million BTC continually over the course of a few months. That's concrete.
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself.
Very good point. The last bubble, from about $120 to $1100, was driven by the use of Bitcoin in China to get around China's exchange controls. Once the People's Bank of China stopped that, the price started back down. Probably not. Did you read the Willy Report?
They are only rumors.
But chinese exchanges have the biggest volumes, even now
Wrong section. Or are you asshole just posting in Speculation to gain more attention like a dumb facebook attention crackwhore?
Anger won't make the price go up.Anger won't make you less ashamed in front of your family for the stupid son they have.
I think Sevvero is really referencing himself here. Stop projecting.
You definitely have made a loss, even if you haven't actually sold.
Really how so sure? What price did I buy?"Weak Hands" are looking like "Smart Hands" each day that passes the way things are going.
By the way the "Calling the bottom at 350" threads are now outdated, lets get some more "Calling the bottom at 300" threads going until Monday.
I agree and I don't think anyone will be able to predict the bottom anyway, at this stage. This "bubble deflation" is taking too long to be driven only by speculative factors and adoption achievements can't even reverse the trend until that said bottom. Hopefully not under $200 but it's still a good price for those who got it early I guess.
I still think "over mining" is playing a role in the trend downward over the last couple of months. It will continue until they fall short and stop mining, but then nobody can predict if the reversal will happen as it depends on the future miners' behavior etc.
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself.
Very good point. The last bubble, from about $120 to $1100, was driven by the use of Bitcoin in China to get around China's exchange controls. Once the People's Bank of China stopped that, the price started back down. Probably not. Did you read the Willy Report?
I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself.
Very good point. The last bubble, from about $120 to $1100, was driven by the use of Bitcoin in China to get around China's exchange controls. Once the People's Bank of China stopped that, the price started back down. they are losing money if they are holding btc.
You only lose when you sell for less than you paid.
Nobody has ever lost money by holding.
Please stop with this already. It's an unrealized loss, which doesn't make it any less real.
unrealized... how do you know that it won't go up again? magic ass ball? that thing is true, but maybe the sentence is not completed, i repeat it here
until there is a chance to go up again, you won't lose anything if you just hold and don't sell for less than you paid
they are losing money if they are holding btc.
You only lose when you sell for less than you paid.
Nobody has ever lost money by holding.
I mean literally, like IQ under 90?
Because you do realise what unrealised losses are?
Or not?
How dumb are you?
read above and tell me how much is your QI now, i think is lower than 90, probably the same number without the zero
A few things about this post:
1) If you've been holding in a down market, then two bad things have happened to you. First, you've lost purchasing power. Second, you haven't even realized your loss so that you can write it off on your taxes this year. It's a really bad habit to get into to try to pull all sorts of mental gymnastics to try to convince yourself that you're a good investor and you're making money when your position is continually losing ground.
2) Saying "how do you know it won't go up again?" is a question that holds as much weight as "how do you know it won't keep going down?" It means nothing. There is no information to pull from it that can help you to make a rational decision. Furthermore, there are no magic rules of investing that dictate an investment must appreciate after significant periods of depreciation.
3) This is more of a personal observation, but I really think that a lot of people's investment decisions are heavily influenced by discussions on this forum, and not in a good way. I see a lot of permabulls and permabears, but it's shockingly uncommon to read posts that aren't emotionally loaded and don't veer to one extreme or the other. For a lot of people, there is no middle ground.
4) "Until there is a chance to go up again..."? What the hell? I don't even know where to begin with this. *Every* moment is a chance for BTC to up again. Where have you been the past 10-11 months? Bitcoin isn't dropping in price due to chance, just as Bitcoin didn't shoot past $1000 USD by chance. Focus on *real* things. Instead of thinking about the "chance" that BTC might go up again, maybe you should first ask yourself why you aren't buying all the BTC you can right now. It might be a good starting place as it may provide insight as to why everyone else isn't out buying up all the BTC.
5) Here's a thought experiment for you: How about you sell all of your belongings for BTC and hold them indefinitely? According to your logic, this will preserve your wealth for infinite time (as long as you don't sell). Ingenious, right?
You definitely have made a loss, even if you haven't actually sold.
Really how so sure? What price did I buy?"Weak Hands" are looking like "Smart Hands" each day that passes the way things are going.
By the way the "Calling the bottom at 350" threads are now outdated, lets get some more "Calling the bottom at 300" threads going until Monday.
Thank you. Clearly the amount of price manipulation dine by mt gox has still not been priced in. I think prices will continue to sink diwn to around $200 or more by the end of the year. There is just absolutely no demand for btc at all. Only in the minds of the bulls in this forum. I dont think overall usage is up either. Yes more wallets are in existance, but coinbase creates a new ine for you like every week or so automatically. Using the "more wallets in existance" is a very bad way to track usage. I think all the new metchanys have done is get some holders to spend some btc, while not managing ti attract any new interest by the general public
I am normally pretty bullish when it comes to BTC, because I believe in the technology but I totally follow what jcoin200 is saying.
Most miners today are running negative numbers, and they need to sell their coins to pay for operation costs.
I just don't see how the bitcoin ecosystem can get enough new buyers to pressure the price up.
Someone have to buy all the bitcoins that the miners are dumping, and if there is not enough buyers, well, the price will continue go down.
New buyers aren't going to be attracted for a while. They're going to see the price tanking, and unless they're "True Believers", they won't be buying in until the price crash stops, whatever number that may be.
Totally agree to this.
The price will stabilize at some point (have no idea where).
I will still continue using bitcoins though since the they are convenient for trading, but will properly start converting a little more between fait and bitcoin, at least that is super easy nowadays, so not really a problem.
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