That 'feeling' - That urgent feeling

blatchcorn

sr. member

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Quote from: lynn_402 on April 03, 2014, 07:14:01 AM

Everyday on Coindesk there's news about investments in new bitcoin ventures.
You know what the next step will be? Investment in Bitcoin itself. That's why smart people are funding the infrastructure surrounding it first, so it will be able to survive and stay stable after the next upward price explosion. And it might be coming very soon

Yes from what I have seen there is a really thriving bitcoin business industry

xDan

hero member

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ヽ( ㅇㅅㅇ)ﾉ ~!!

Quote from: dragonseer on April 04, 2014, 03:28:34 AM

I've heard a few stories about 'The million dollar Bitcoin' lately, does anyone really believe that?

I think it's a general belief that there are scenarios where this is *possible*. Whether actually happens or not, who knows? But keep a coupla BTC in cold storage just in case Wink

dropt

legendary

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Quote from: dragonseer on April 04, 2014, 03:28:34 AM

I've heard a few stories about 'The million dollar Bitcoin' lately, does anyone really believe that?

About as much as people believed the $1,000 Bitcoin at $1.

SportsBet

member

Activity: 75

Merit: 10

Quote from: lynn_402 on April 03, 2014, 07:14:01 AM

Everyday on Coindesk there's news about investments in new bitcoin ventures.
You know what the next step will be? Investment in Bitcoin itself. That's why smart people are funding the infrastructure surrounding it first, so it will be able to survive and stay stable after the next upward price explosion. And it might be coming very soon

On the last CoinSummit Chamath Palihapitiya advocated for investing in bitcoin rather than in bitcoin startups.
His fund owns over 100k coins and are buying more.

You can see it here: http://www.youtube.com/watch?v=NV5ubkGQUes

dragonseer

hero member

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Anglo Saxon Crypto Enthusiast

I've heard a few stories about 'The million dollar Bitcoin' lately, does anyone really believe that?

Rogozhin

newbie

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Quote from: Hyena on April 03, 2014, 12:17:57 AM

We are usually at the bottom when I get the feeling that I should sell for easy profit. I currently don't have such feeling but I'm starting to think towards that direction already.

Yeah every time I pull out the calculator and start thinking "How much can I still make it out with if I dump now" it's always retrospectively within a week from the bottom...

I just pulled my calculator out 2 days ago

Torque

legendary

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Quote from: TERA on April 03, 2014, 07:31:29 AM

I'm tired of all this talk about 'investments'. Bitcoin's value is supposed to come from people using it with some type of decentralized currency model. It's not a stock.

You've gotta be kidding, right TERA? Says the quintessential "Voracious Day Trader"?

Sorry to pick on you, I know you're a smart guy. I'm just getting really tired of all the hypocrisy going on in this subforum lately.

Oldminer

legendary

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Quote from: ?? on ??

There is 10K wall at 400 on stamp, not sure if it will hold, but I see the selling is drying up...
It could of course change and we go through to $350 but I think we'll spin around 400 and go back up...IMHO of course

Shorting it now is kinda risky, it can reverse in a flash taking all your stops.

People that trade based on 'walls' always get owned. Trade based on 'trends' instead if you want to profit.

xDan

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ヽ( ㅇㅅㅇ)ﾉ ~!!

Quote from: 1Pakis on April 03, 2014, 05:37:01 AM

Quote from: xDan on April 03, 2014, 05:10:23 AM

Yeah... I have the urgent feeling that I should be buying. Too bad I don't have any fiat. Angry

All I have is bitcoins Cheesy

(and I have intense jealousy of those who are in a position to put in a few thousand $ right now)

Send your BTC to bitfinex and go long with leverage.

eh, I don't have much experience with such things, and I don't think I will ever trust any third party with any significant amount of BTC anyway.

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: TERA on April 03, 2014, 07:31:29 AM

I'm tired of all this talk about 'investments'. Bitcoin's value is supposed to come from people using it with some type of decentralized currency model. It's not a stock. It doesn't really even need any of this 'infrastructure', theoretically, if people actually used it is a decentralized currency in a complete bitcoin ecnomy. The fact that people insist on pegging btc to fiat and conducting all their business with fiat is the reason why btc needs all this infrastructure and is also the reason why btc isn't very popular and doesn't have a higher value.

We'll always need trustworthy exchanges, won't we? And tools like bitfinex, and secure wallets, and payment processors that allow businesses a better gestion of their sales in BTC, are not in any way detrimential to the decentralized nature of Bitcoin.

It's irrealist to think businesses will take to risk to go full Bitcoin. Many like Overstock are keeping a percentage of the Bitcoins they get, and I think that it's a great start, and that this percentage will get bigger in the future as trust in Bitcoin augment.

TERA

hero member

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I'm tired of all this talk about 'investments'. Bitcoin's value is supposed to come from people using it with some type of decentralized currency model. It's not a stock. It doesn't really even need any of this 'infrastructure', theoretically, if people actually used it is a decentralized currency in a complete bitcoin ecnomy. The fact that people insist on pegging btc to fiat and conducting all their business with fiat is the reason why btc needs all this infrastructure and is also the reason why btc isn't very popular and doesn't have a higher value.

lynn_402

sr. member

Activity: 462

Merit: 253

Everyday on Coindesk there's news about investments in new bitcoin ventures.
You know what the next step will be? Investment in Bitcoin itself. That's why smart people are funding the infrastructure surrounding it first, so it will be able to survive and stay stable after the next upward price explosion. And it might be coming very soon

TERA

hero member

Activity: 728

Merit: 500

Here's what the 'floor' looked like, last time we had a REAL 'final capitulation', which involved a supercycle and a 1W EMA downcross. Notice the famous 'titty pattern' of a double bottom both with very high volume and the second bottom actually has larger volume than the first bottom.

Elwar

legendary

Activity: 3598

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Viva Ut Vivas

I really want to buy more but I usually wait and buy on panics.

I have not seen any major panics yet.

Huobi and/or BTCChina going down may cause a panic. Then you will see the floor.

TERA

hero member

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How could it possibly be the end when the largest Chinese exchanges are still accepting CNY? (only a couple small ones have shut it down)

1Pakis

full member

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Quote from: xDan on April 03, 2014, 05:10:23 AM

Yeah... I have the urgent feeling that I should be buying. Too bad I don't have any fiat. Angry

All I have is bitcoins Cheesy

(and I have intense jealousy of those who are in a position to put in a few thousand $ right now)

Send your BTC to bitfinex and go long with leverage.

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

I know exactly what you mean. Every time I thought it is the end, it went up rapidly. That feeling when you think, this time its different, this time it wont go up. And it will go way more down. It is the end. And fear gets mixed with panic. But every time I HODL and made no loss till now. Lets see how it works out this time.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: Rogozhin on April 02, 2014, 09:04:32 PM

Anyone get that feeling when a market is topping in euphoria or bottoming in despair?

I got that feeling at $225 during the April bubble, at $60 when it flash crashed, at $150 again at the rebound and at the $80 during the capitulation. It's that urgent type of feeling, a vous-devez type of obligation to act. When it's a euphoric tops, it's an alarming sensation of "You MUST buy in!! NOW!" and at bottoms it's a "Last chance to sell! Do it!" kind of heart-pounding focus. In retrospect it's obvious which trade is right but I usually end up making the exact opposite trade.

I'm getting that feeling right now. Anyone else?

Nope, I dont trade after my feelings. You should not either. Your feelings will just get in the way of your brain making the right decission.
I bought a while back when the price was a little higher, but my system told me so and I backtested it thoroughly.

knightcoin

full member

Activity: 238

Merit: 100

Stand on the shoulders of giants

it's been a depression times ... I am just moved all my btc to cold store, and now I am listen minecraft soundtrack ... I will check the prices again on second half 2014 ... in the mean while I'm get into the source code and protocol to get more technical knowledge ...

xDan

hero member

Activity: 688

Merit: 500

ヽ( ㅇㅅㅇ)ﾉ ~!!

Yeah... I have the urgent feeling that I should be buying. Too bad I don't have any fiat. Angry

All I have is bitcoins Cheesy

(and I have intense jealousy of those who are in a position to put in a few thousand $ right now)

Topic: That 'feeling' - That urgent feeling (Read 2479 times)