Topic: The price is being manipulated so hardcore right now... - page 2. (Read 3374 times)
Whats interesting is that whales can only manipulate the price down so far, the fact remain bitcoin has growth in all areas which cannot be manipulated unless you include government regs which must be a stretch for a bitcoin whale to influence.
But this bear market -- the longest one ever -- threatens that as well.
It's not the longest. In 2011 there was a much longer period.
The 2011 bear market was followed by a massive surge in 2013. Hope history repeats itself.
Bitcoin marketcap is too large to really manipulated...
...and why?
Because larger investors want to fuck with you. They want to fuck with you and scare your weak ass into selling to them at a loss.
If you think Bitcoin is going to disappear, you deserve to lose money. Sell them your coins at a loss, you weak eunuchs.
The divide between rich and poor, at it's core, exists because of one fundamental fact: Manipulation.
Learn this fact and you're already halfway there.
Or don't...and keep making posts about how you're "DONE WITH BITCOIN THIS TIME GUYS!"
Because larger investors want to fuck with you. They want to fuck with you and scare your weak ass into selling to them at a loss.
If you think Bitcoin is going to disappear, you deserve to lose money. Sell them your coins at a loss, you weak eunuchs.
The divide between rich and poor, at it's core, exists because of one fundamental fact: Manipulation.
Learn this fact and you're already halfway there.
Or don't...and keep making posts about how you're "DONE WITH BITCOIN THIS TIME GUYS!"
So you try to manipulate people for to not selling while decrying the market being manipulated?
I would say 'good work' - but you should learn that people who could be manipulated in this silly way are irrelevant.
But this bear market -- the longest one ever -- threatens that as well.
It's not the longest. In 2011 there was a much longer period.
Nothing wrong with selling at a loss and buying back lower, either. That's not even coming from the perspective of a trader necessarily. Any investor should have a stop loss. For many bitcoiners, it's just set at zero. 
When was going down with the ship a good investment plan for other assets?
When was going down with the ship a good investment plan for other assets?...except 90% of the time, you don't end up buying back lower.
The number you are looking for is 80 (see Pareto), and that is probably more effectively used to gauge a zero sum situation. However, refer to the 2014 chart and you'll find that if you cut your losses at $500 or above, you've had many chances to rebuy lower.
The question is, did you? The fact that most traders are losers, or that many investors make bad decisions, is more a matter of risk management than anything else. That doesn't mean that being the exception to that rule means you will lose.
Patience is the most important virtue in this game. And the ones chasing after bubbles are the first to lose.
How does the Pareto thing work? I have heard it applied to other things besides bitcoin but never really understood it.
Patience is the most important virtue in this game. And the ones chasing after bubbles are the first to lose.
They are?
So I shouldn't have bought those coins @ $120 during the $266 bubble?
That's easy for you to say as someone who is in profit.
"Chasing" in trading or investing means lagging behind the market and buying once the hype already happened. It's easy to preach HODL when you're golden. However, for those who began buying in 2014, bitcoin has performed horribly. And it was after the November 2013 bubble that 2014 was supposed to be the "year of bitcoin." Such hype, wow. Just keep in mind that this has been the longest bear market in bitcoin history. Surely it's even possible that bitcoin could return to the $100s or double digits, too, is it not? After all, bulls have been calling the bottom for many months now. In that case, it would have been prudent to take some profit off the table from those $120 coins.
I was "chasing", per your definition, for the majority of last year at my $120-$200 buys during the $266 bubble.
But I saw the forest, not just the trees.
I watched the price drop back to $60 during the Silk Road bust.
I continued to see the forest, not just the trees.
I bought some more at $450-$585.
..and guess what? I still see that forest, not just the trees.
Okay, well, I hope it works out for you. My point, if you'll recall, was about risk management. And that is an important part of any investor's vocabulary. Ask Warren Buffet if he recommends "going down with the ship" as part of his investment plan. (Note: I'm not saying anything about the exchange rate with that comment -- only the attitude of many on this forum)
The longer term upward trajectory that bitcoin is on may continue endlessly. But this bear market -- the longest one ever -- threatens that as well. If you see the forest for the trees, then you would be open to the various possibilities. Perhaps your own bias as a HODLer clouds that.
Patience is the most important virtue in this game. And the ones chasing after bubbles are the first to lose.
They are?
So I shouldn't have bought those coins @ $120 during the $266 bubble?
That's easy for you to say as someone who is in profit.
"Chasing" in trading or investing means lagging behind the market and buying once the hype already happened. It's easy to preach HODL when you're golden. However, for those who began buying in 2014, bitcoin has performed horribly. And it was after the November 2013 bubble that 2014 was supposed to be the "year of bitcoin." Such hype, wow. Just keep in mind that this has been the longest bear market in bitcoin history. Surely it's even possible that bitcoin could return to the $100s or double digits, too, is it not? After all, bulls have been calling the bottom for many months now. In that case, it would have been prudent to take some profit off the table from those $120 coins.
I was "chasing", per your definition, for the majority of last year at my $120-$200 buys during the $266 bubble.
But I saw the forest, not just the trees.
I watched the price drop back to $60 during the Silk Road bust.
I continued to see the forest, not just the trees.
I bought some more at $450-$675.
..and guess what? I still see that forest, not just the trees.
Patience is the most important virtue in this game. And the ones chasing after bubbles are the first to lose.
They are?
So I shouldn't have bought those coins @ $120 during the $266 bubble?
That's easy for you to say as someone who is in profit.
"Chasing" in trading or investing means lagging behind the market and buying once the hype already happened. It's easy to preach HODL when you're golden. However, for those who began buying in 2014, bitcoin has performed horribly. And it was after the November 2013 bubble that 2014 was supposed to be the "year of bitcoin." Such hype, wow. Just keep in mind that this has been the longest bear market in bitcoin history. Surely it's even possible that bitcoin could return to the $100s or double digits, too, is it not? After all, bulls have been calling the bottom for many months now. In that case, it would have been prudent to take some profit off the table from those $120 coins.
correct, bitcoin is going down! bulls are trying to scam people to buy so they can sell higher
Patience is the most important virtue in this game. And the ones chasing after bubbles are the first to lose.
They are?
So I shouldn't have bought those coins @ $120 during the $266 bubble?
That's easy for you to say as someone who is in profit.
"Chasing" in trading or investing means lagging behind the market and buying once the hype already happened. It's easy to preach HODL when you're golden. However, for those who began buying in 2014, bitcoin has performed horribly. And it was after the November 2013 bubble that 2014 was supposed to be the "year of bitcoin." Such hype, wow. Just keep in mind that this has been the longest bear market in bitcoin history. Surely it's even possible that bitcoin could return to the $100s or double digits, too, is it not? After all, bulls have been calling the bottom for many months now. In that case, it would have been prudent to take some profit off the table from those $120 coins.
Patience is the most important virtue in this game. And the ones chasing after bubbles are the first to lose.
They are?
So I shouldn't have bought those coins @ $120 during the $266 bubble?
Nothing wrong with selling at a loss and buying back lower, either. That's not even coming from the perspective of a trader necessarily. Any investor should have a stop loss. For many bitcoiners, it's just set at zero. When was going down with the ship a good investment plan for other assets?
When was going down with the ship a good investment plan for other assets?...except 90% of the time, you don't end up buying back lower.
The number you are looking for is 80 (see Pareto), and that is probably more effectively used to gauge a zero sum situation. However, refer to the 2014 chart and you'll find that if you cut your losses at $500 or above, you've had many chances to rebuy lower.
The question is, did you? The fact that most traders are losers, or that many investors make bad decisions, is more a matter of risk management than anything else. That doesn't mean that being the exception to that rule means you will lose.
Patience is the most important virtue in this game. And the ones chasing after bubbles are the first to lose.
Nothing wrong with selling at a loss and buying back lower, either. That's not even coming from the perspective of a trader necessarily. Any investor should have a stop loss. For many bitcoiners, it's just set at zero. When was going down with the ship a good investment plan for other assets?
When was going down with the ship a good investment plan for other assets?...except 90% of the time, you don't end up buying back lower.
Nothing wrong with selling at a loss and buying back lower, either. That's not even coming from the perspective of a trader necessarily. Any investor should have a stop loss. For many bitcoiners, it's just set at zero. When was going down with the ship a good investment plan for other assets?
When was going down with the ship a good investment plan for other assets? 
Let's just hold hands and see how that goes for a while.
Prude.
Holy shit. I find myself agreeing super hard with a poster named, "penii plural 4 penis".
Didn't see that coming.
Didn't see that coming.
Does that mean we can be
Let's just hold hands and see how that goes for a while.
Most commodities have been or are being manipulated. Silver has been manipulated for ages. Their was the 2 billionaire brothers that tried to buy up all the silver and then there is JP morgan, they will short silver and then do a massive dump so create a massive sell off and cash in. they have been sued by the government various times for doing this..
So, yea, bitcoin isn't immune to this either.. Especially since it doesn't take much to sway the market..
So, yea, bitcoin isn't immune to this either.. Especially since it doesn't take much to sway the market..
Holy shit. I find myself agreeing super hard with a poster named, "penii plural 4 penis".
Didn't see that coming.
Didn't see that coming.
Does that mean we can be
Holy shit. I find myself agreeing super hard with a poster named, "penii plural 4 penis".
Didn't see that coming.
Didn't see that coming.
Jump to: