The BTC Road to Double Digits Thread - page 2.

ensurance982

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Quote from: tokeweed on April 20, 2015, 06:00:50 AM

Quote from: ensurance982 on April 20, 2015, 05:57:27 AM

Quote from: tokeweed on April 20, 2015, 05:53:17 AM

Quote from: ensurance982 on April 20, 2015, 05:44:01 AM

Quote from: stonerider on April 19, 2015, 02:27:48 PM

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for? It's their money... If they lose it shorting, then good for you since you're long.

If you really think the shorts are doing the wrong thing and you're long, why stop them? Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

Yup. Don't stop them. Whether the decision is good or bad depends on what's going to happen in the markets.

Well, after all, I could also be wrong and being (long term) long may be the wrong decision Cheesy

Key is not to listen to trolls and people with an own agenda on the Internet, I guess...

tokeweed

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Quote from: ensurance982 on April 20, 2015, 05:57:27 AM

Quote from: tokeweed on April 20, 2015, 05:53:17 AM

Quote from: ensurance982 on April 20, 2015, 05:44:01 AM

Quote from: stonerider on April 19, 2015, 02:27:48 PM

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for? It's their money... If they lose it shorting, then good for you since you're long.

If you really think the shorts are doing the wrong thing and you're long, why stop them? Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

Yup. Don't stop them. Whether the decision is good or bad depends on what's going to happen in the markets.

ensurance982

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Activity: 518

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Trust me!

Quote from: tokeweed on April 20, 2015, 05:53:17 AM

Quote from: ensurance982 on April 20, 2015, 05:44:01 AM

Quote from: stonerider on April 19, 2015, 02:27:48 PM

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for? It's their money... If they lose it shorting, then good for you since you're long.

If you really think the shorts are doing the wrong thing and you're long, why stop them? Let them continue.

I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions.

tokeweed

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Quote from: ensurance982 on April 20, 2015, 05:44:01 AM

Quote from: stonerider on April 19, 2015, 02:27:48 PM

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

What are you butthurt for? It's their money... If they lose it shorting, then good for you since you're long.

If you really think the shorts are doing the wrong thing and you're long, why stop them? Let them continue.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: stonerider on April 19, 2015, 02:27:48 PM

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!

tokeweed

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Life, Love and Laughter...

Quote from: ensurance982 on April 20, 2015, 04:48:02 AM

Quote from: tokeweed on April 19, 2015, 09:01:39 AM

All time high of shorts at Bitfinex. Does some big whale know something?

Well could also be that they're getting more desperate by the minute. A rising amount of shorts is an indicator for a bad market sentiment, yeah. BUT: There's a lot to be squeezed, they already shorted a lot, and the people shorting the last always lose.

Yeah... I guess only time will tell what's really gonna happen.

ensurance982

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Trust me!

Quote from: tokeweed on April 19, 2015, 09:01:39 AM

All time high of shorts at Bitfinex. Does some big whale know something?

Well could also be that they're getting more desperate by the minute. A rising amount of shorts is an indicator for a bad market sentiment, yeah. BUT: There's a lot to be squeezed, they already shorted a lot, and the people shorting the last always lose.

jjacob

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Double digits?
This road will soon hit a dead end, my friend.

stonerider

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It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

tokeweed

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All time high of shorts at Bitfinex. Does some big whale know something?

bigtimespaghetti

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Quote from: gentlemand on April 14, 2015, 03:08:23 PM

Quote from: bigtimespaghetti on April 14, 2015, 02:09:18 PM

One thing I find hard to imagine is all those that bought in $260+. I'm not really an early adopter myself, I was just familiar with bitcoin enough to see the makings of a bubble when the craziness began, so I got some 'cheap' (less than $100). But if I had bought in higher, in the quantities and amounts consummate with financial mania... Makes me feel like we still need a seriously big washout for the real capitulation.

I have no idea where that may be, but it is looking to me to be at least close to $160 at this point, just thinking out loud though. All the technical analysis I've been reading has been incredibly mixed and confused lately.

Would $160 truly break any spirits by now though? If you're still here after the fall from the tippy top you'll be pretty immune to capitulating. People are either in it for the long haul or it's an overwhelming 'fuck it, let's see where it goes'. 160 is a piddling percentage down compared to the overall fall.

I agree, perhaps the bag holders are simply disgusted or just hodling. Which only leaves whales and day traders circle jerking the price around. Either of these is not conducive to a stable or steadily rising price. And factoring in mining coins? I'm not sure it's a rosy picture despite the huge decline.

gentlemand

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Quote from: bigtimespaghetti on April 14, 2015, 02:09:18 PM

One thing I find hard to imagine is all those that bought in $260+. I'm not really an early adopter myself, I was just familiar with bitcoin enough to see the makings of a bubble when the craziness began, so I got some 'cheap' (less than $100). But if I had bought in higher, in the quantities and amounts consummate with financial mania... Makes me feel like we still need a seriously big washout for the real capitulation.

I have no idea where that may be, but it is looking to me to be at least close to $160 at this point, just thinking out loud though. All the technical analysis I've been reading has been incredibly mixed and confused lately.

Would $160 truly break any spirits by now though? If you're still here after the fall from the tippy top you'll be pretty immune to capitulating. People are either in it for the long haul or it's an overwhelming 'fuck it, let's see where it goes'. 160 is a piddling percentage down compared to the overall fall.

JayCoDon

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I think the price is important to you depending on how long out you're thinking. I was paid bitcoin for work that I did at an average cost of approximately $240/coin. Therefore, every time it goes lower, I am "losing money." However, I don't really view it that way because I'm not looking to sell it. It's just "paper" losses. For me, I'm looking at this as a 10-year hold. If the coin is valued at $240/coin then, I've made a poor decision to hold bitcoin as an investment.

I would be perfectly comfortable if the coin dropped to $60 because then when I got paid in bitcoin, I would get more actual coins, which supports my long-term investment goal. Further, if it drops to $60, I average down my investment.

If I was holding for 6-months, I agree that it going to $60 would be absolutely petrifying. But as a long-term holder, I just don't care. That being said, I think it'll hit a support of $180 (maybe $170) and then begin a rally again (still more blood to take from this). However, I am curious to see what happens if it does rally after hitting that support, but can't break the $300 resistance. Will the support get weaker each time?

bigtimespaghetti

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Quote from: srgkrgkj on April 14, 2015, 06:53:59 AM

Quote from: bigtimespaghetti on April 14, 2015, 01:35:11 AM

Quote from: tokeweed on April 13, 2015, 11:21:44 PM

As they say, never put all your eggs in one basket.

I thought I learnt this the hard way selling at a higher price, turns out it was a good decision. You need to be long term for sure and not get caught up in the emotion.

I have some financial commitments coming up so I'm simply sitting this volatility out. Well, if waiting for another major low can be considered sitting it out Wink

Emotions and finance go way back Tongue

personally im in it for the long term so this volatility isnt hurting me lol Tongue

1 bitcoin is still worth 1 bitcoin to me xD

One thing I find hard to imagine is all those that bought in $260+. I'm not really an early adopter myself, I was just familiar with bitcoin enough to see the makings of a bubble when the craziness began, so I got some 'cheap' (less than $100). But if I had bought in higher, in the quantities and amounts consummate with financial mania... Makes me feel like we still need a seriously big washout for the real capitulation.

I have no idea where that may be, but it is looking to me to be at least close to $160 at this point, just thinking out loud though. All the technical analysis I've been reading has been incredibly mixed and confused lately.

srgkrgkj

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Quote from: bigtimespaghetti on April 14, 2015, 01:35:11 AM

Quote from: tokeweed on April 13, 2015, 11:21:44 PM

As they say, never put all your eggs in one basket.

I thought I learnt this the hard way selling at a higher price, turns out it was a good decision. You need to be long term for sure and not get caught up in the emotion.

I have some financial commitments coming up so I'm simply sitting this volatility out. Well, if waiting for another major low can be considered sitting it out Wink

Emotions and finance go way back Tongue

personally im in it for the long term so this volatility isnt hurting me lol Tongue

1 bitcoin is still worth 1 bitcoin to me xD

BTCat

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Double digits, never again.

ensurance982

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Just look at the people predicting sub-$2 prices back in 2011! Everyone was waiting for that to happen. Things were looking really scary back then. In retrospect not a very big deal, but the price tanked just like it did post 2013! Just make sure not to get too greedy with all your shorting!

professor bitcorn

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Quote from: Amph on April 14, 2015, 03:26:52 AM

in the worst case it will return to 60-90 dollars, the previous price that started the 1200 peak(maybe willy bot is waiting that to start his manipulation again), who are hoping for trollish numbers like $1-2 is just a delusional falllllling fanboy

Bitcorn will definitely return to $10

Amph

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Quote from: tokeweed on April 14, 2015, 03:33:30 AM

Quote from: Amph on April 14, 2015, 03:26:52 AM

in the worst case it will return to 60-90 dollars, the previous price that started the 1200 peak(maybe willy bot is waiting that to start his manipulation again), who are hoping for trollish numbers like $1-2 is just a delusional falllllling fanboy

Nah... The Willybot was more than a simple pump and dump. I don't think it's coming back.

Read the theories about it here... https://willyreport.wordpress.com

that's interesting, i didn't know the full story behind it, this is also a confirmation that the 1200 peak was not reached only by the bot, because 10.-20 every 5-10 min, for just one month, result in "only" 150k btc, they are not enough to rise the price at 1200

i was mistaken they are 270k btc apparently

Xiaoxiao

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The Golden Rule Rules

Topic: The BTC Road to Double Digits Thread - page 2. (Read 2838 times)