This captain is ready to go down with his ship.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Zolly on September 29, 2014, 06:36:11 AM

Quote from: inca on September 29, 2014, 05:14:18 AM

Quote from: Zolly on September 29, 2014, 05:12:08 AM

Quote from: Searing on September 29, 2014, 03:49:40 AM

Quote from: Zolly on September 29, 2014, 03:47:11 AM

It's a bear market without any doubt. Even after all the good news we had lately, it's still a bear market. The technicals are telling us that the price will continue to drop. Won't be surprised if we see btc price fall to under $200 in a couple of months.

So basicly from an investors point of view you should seriously consider getting out now and buy in later. If not you are just stupid or you own 1 coin for buying drugs on SR..

Time to sell!

yeah and me buying stocks .selling them and buying in again always works sooooo well

I'm in it long term..it works or it don't..them's the breaks

51.5 btc ATM from mining $7.5k investment

Long run or not. Obviously there must be some reason for you reading the speculation forum. I'm not talking about daytrading. The only thing that could drive the price now is if big money is coming in. That might happen but not at these prices. As we have seen over the past month all the good news in the world just wont do it.

Try thinking past short term timescales and price movements and see the bigger picture.

Course, if you bought in at 50$ it's probably no big economic loss compared to your investment anyway even if btc dies. The way I see it is that the "big picture" is not gonna happen at least not this year or the next, so why not be smart and wait a little and buy in at lower prices while adoption evolves and big money enters the game (hopefully). Why aren't we seeing any real big players investing in btc yet? Because the wall street guys still think it's way overpriced despite all the good news. Not to forget that there is actually a lot of uncertainty when it comes to btc survival skills. (The Napster story..) That's why. But everyone have different strategies and predictions of the future. Your guess is as good

Sounds plausible.

You say we aren't seeing any real big players investing in btc but that is a naive. What is likely before any major players accumulate is price weakness. The first you will hear about big players building a position is when they want a price lift to sell into.

Actually at the moment really big money simply cannot enter due to the thin trading and small market cap.

Napster was centralised so I don't think is a good comparison. BTC could be superseded by a competitor but I see no sign of that thus far.

Zolly

newbie

Activity: 8

Merit: 0

Quote from: inca on September 29, 2014, 05:14:18 AM

Quote from: Zolly on September 29, 2014, 05:12:08 AM

Quote from: Searing on September 29, 2014, 03:49:40 AM

Quote from: Zolly on September 29, 2014, 03:47:11 AM

It's a bear market without any doubt. Even after all the good news we had lately, it's still a bear market. The technicals are telling us that the price will continue to drop. Won't be surprised if we see btc price fall to under $200 in a couple of months.

So basicly from an investors point of view you should seriously consider getting out now and buy in later. If not you are just stupid or you own 1 coin for buying drugs on SR..

Time to sell!

yeah and me buying stocks .selling them and buying in again always works sooooo well

I'm in it long term..it works or it don't..them's the breaks

51.5 btc ATM from mining $7.5k investment

Long run or not. Obviously there must be some reason for you reading the speculation forum. I'm not talking about daytrading. The only thing that could drive the price now is if big money is coming in. That might happen but not at these prices. As we have seen over the past month all the good news in the world just wont do it.

Try thinking past short term timescales and price movements and see the bigger picture.

Course, if you bought in at 50$ it's probably no big economic loss compared to your investment anyway even if btc dies. The way I see it is that the "big picture" is not gonna happen at least not this year or the next, so why not be smart and wait a little and buy in at lower prices while adoption evolves and big money enters the game (hopefully). Why aren't we seeing any real big players investing in btc yet? Because the wall street guys still think it's way overpriced despite all the good news. Not to forget that there is actually a lot of uncertainty when it comes to btc survival skills. (The Napster story..) That's why. But everyone have different strategies and predictions of the future. Your guess is as good as mine.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Zolly on September 29, 2014, 05:12:08 AM

Quote from: Searing on September 29, 2014, 03:49:40 AM

Quote from: Zolly on September 29, 2014, 03:47:11 AM

It's a bear market without any doubt. Even after all the good news we had lately, it's still a bear market. The technicals are telling us that the price will continue to drop. Won't be surprised if we see btc price fall to under $200 in a couple of months.

So basicly from an investors point of view you should seriously consider getting out now and buy in later. If not you are just stupid or you own 1 coin for buying drugs on SR..

Time to sell!

yeah and me buying stocks .selling them and buying in again always works sooooo well

I'm in it long term..it works or it don't..them's the breaks

51.5 btc ATM from mining $7.5k investment

Long run or not. Obviously there must be some reason for you reading the speculation forum. I'm not talking about daytrading. The only thing that could drive the price now is if big money is coming in. That might happen but not at these prices. As we have seen over the past month all the good news in the world just wont do it.

Try thinking past short term timescales and price movements and see the bigger picture.

Zolly

newbie

Activity: 8

Merit: 0

Quote from: Searing on September 29, 2014, 03:49:40 AM

Quote from: Zolly on September 29, 2014, 03:47:11 AM

It's a bear market without any doubt. Even after all the good news we had lately, it's still a bear market. The technicals are telling us that the price will continue to drop. Won't be surprised if we see btc price fall to under $200 in a couple of months.

So basicly from an investors point of view you should seriously consider getting out now and buy in later. If not you are just stupid or you own 1 coin for buying drugs on SR..

Time to sell!

yeah and me buying stocks .selling them and buying in again always works sooooo well

I'm in it long term..it works or it don't..them's the breaks

51.5 btc ATM from mining $7.5k investment

Long run or not. Obviously there must be some reason for you reading the speculation forum. I'm not talking about daytrading. The only thing that could drive the price now is if big money is coming in. That might happen but not at these prices. As we have seen over the past month all the good news in the world just wont do it.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Zolly on September 29, 2014, 03:47:11 AM

It's a bear market without any doubt. Even after all the good news we had lately, it's still a bear market. The technicals are telling us that the price will continue to drop. Won't be surprised if we see btc price fall to under $200 in a couple of months.

So basicly from an investors point of view you should seriously consider getting out now and buy in later. If not you are just stupid or you own 1 coin for buying drugs on SR..

Time to sell!

yeah and me buying stocks .selling them and buying in again always works sooooo well

I'm in it long term..it works or it don't..them's the breaks

51.5 btc ATM from mining $7.5k investment

Zolly

newbie

Activity: 8

Merit: 0

It's a bear market without any doubt. Even after all the good news we had lately, it's still a bear market. The technicals are telling us that the price will continue to drop. Won't be surprised if we see btc price fall to under $200 in a couple of months.

So basicly from an investors point of view you should seriously consider getting out now and buy in later. If not you are just stupid or you own 1 coin for buying drugs on SR..

Time to sell!

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: mano21 on September 19, 2014, 04:01:44 AM

This captain is ready to go down with his ship.

I guess it's time for this one again? Dido - White Flag

Honestly a bit late in the cycle for that. I don't think we have much lower to go. But then again, you never know.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

well if the market is truly being manipulated..by china trades that are illegal in the USA and the no fee exchanges....and panic dumps on drops etc

It could be we are back into the 1880's boom/bust cycle...ie it has to go bust bad in order to boom later

in other words capitalism at its worst.......back then they had like a depression every 7 to 9 years then boom then bust repeat

thus why finance markets have regulations now

so maybe it has to crash big to come back big...then repeat

in other words to hit that 400 usd ave...the swings in a year may be between 200 and 900 or some such.....

anyway I'm holding we are either in a boom or bust pattern or I'm bust

if BTC goes boom and I hold till the end I will make a nice little self...wall paper behind it with paper wallets worthless at that point....put some
tulip stickers on the shelf and add some beanie babies as a good firm life lesson Sad

if it goes the other way I will simply buy the 2nd house to add a shelf of all my bronzed bitcoin miners

either or

kutaka

member

Activity: 97

Merit: 10

Quote from: ravenjt on September 29, 2014, 02:52:41 AM

Given that the fall in price will soon be sufficient to make it into the major financial press, causing serious damage to the reputation of BTC, now must be the time to truly tie oneself to the mast and defend BTC to the bitter end. That means shifting all net assets into BTC, to soak up all the excess supply in the market, and defend a level higher than 350 (which seems to be the major buying point at the moment).
Who's really prepared to do this?

I hope that nobody.

serenitys

full member

Activity: 126

Merit: 101

Be Here Now

I would avoid making drastic sells at this point. I'm also wondering if the media has any real influence over bitcoin at all. It doesn't seem to me like it does. Bitcoin has continued positioning itself mainstream in the face of all the negative "fud" crap from media since "the great crash" and mt gox, all of that. China's ban didn't do much either, just little fluctuations. The bots seemed to have the most real world impact.

The reality is that the media is a joke, everyone knows it's a joke, and nobody who thinks for themselves will act based on what the talking heads tell them. I agree defending bitcoin is a good idea but making moves based only on the rise and fall of bitcoin as per media stories is just bad strategy.

Even if the media continues reporting negatively on bitcoin as prices drop to $100s or lower, the reality is everyone still in the bitcoin game at all at that time will seize that opportunity to buy up as much coin as they can and that is what will drive the price right back up.

ravenjt

full member

Activity: 215

Merit: 100

Given that the fall in price will soon be sufficient to make it into the major financial press, causing serious damage to the reputation of BTC, now must be the time to truly tie oneself to the mast and defend BTC to the bitter end. That means shifting all net assets into BTC, to soak up all the excess supply in the market, and defend a level higher than 350 (which seems to be the major buying point at the moment).
Who's really prepared to do this?

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: RickJamesBTC on September 22, 2014, 12:59:26 AM

Edward50.
Remember when you said this, back in 2011?

Quote from: Edward50 on August 11, 2011, 06:04:25 PM

It finally cracked and fell to 8.45, currently there are no major bidwalls until $8.00. Very week bid demand could mean another fall very shortly. If the bitcoin conference is over a week away your better off waiting to buy lower than around $10.00

Most buyers are not stupid and will not buy higher than around $10.00. Many miners have been hording and are waiting to pounce on the right opportunity to dump their vast hoards of bitcoins. Pesonally, it is far too risky to be buying at the current high prices.

How fucking stupid do you feel now?

As I see it, the mistake was not to sell, it was to not re-buy lower. By December, certainly 19th December, the buy signal was in place. Wish I'd been around back then, looks super fun.

Wait, are you still foaming at the mouth? //me gingerly steps out of the room.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: RickJamesBTC on September 22, 2014, 12:59:26 AM

How fucking stupid do you feel now?

Now he understands that getting rich is hard - if you are stupid and scared like he was, you don't Wink

RickJamesBTC

sr. member

Activity: 378

Merit: 250

Edward50.
Remember when you said this, back in 2011?

Quote from: Edward50 on August 11, 2011, 06:04:25 PM

It finally cracked and fell to 8.45, currently there are no major bidwalls until $8.00. Very week bid demand could mean another fall very shortly. If the bitcoin conference is over a week away your better off waiting to buy lower than around $10.00

Most buyers are not stupid and will not buy higher than around $10.00. Many miners have been hording and are waiting to pounce on the right opportunity to dump their vast hoards of bitcoins. Pesonally, it is far too risky to be buying at the current high prices.

How fucking stupid do you feel now?

RickJamesBTC

sr. member

Activity: 378

Merit: 250

How do people have so much time that they can troll a bitcoin forum claiming that bitcoin is dead? Nobody cares what you think, don't you have a job, or a life? Seems like most of the posts are coming from the same person, likely trying to drive the price lower while volume is so low so that they can buy up more cheap btc. The tech is sound, the adoption is growing and retailers are reporting strong sales in btc. There is a strong future for bitcoin or something like it. Stupid kids drooling on their unwashed clothes in their parents basement are the ones claiming the sky is falllllling.

Edward50

hero member

Activity: 602

Merit: 500

Quote from: Chuckee on September 19, 2014, 11:48:30 AM

Quote from: mano21 on September 19, 2014, 04:01:44 AM

Bought BTC back in 11 13 2013 when we were at 410.

Then again at 540.

Then more at 600.

I would rather see BTC hit 0.00 then leave now.

I am a firm believer in the technology, which is still sound.

ETF will spark next rise.

We might hit 380 in the meantime but fuck it.

Time to double my holdings for less.

Thank you weak hands and trolls.

Drop your false hope. The ETF doesn't matter, it's only another way for people to invest in a digital token, it's not an actual innovation to bitcoin and does nothing to make them more attractive to consumers. That's the number 1 problem right now. Outside of this community, nobody is buying bitcoins and using them for shopping. As much as people here evangelize it, there is no good reason for them to convert their cash to bitcoin.

Bitcoin is finished... you need to accept that reality. This isn't 2012: back then, bitcoin was only a play thing for nerds, but there was no actual infrastructure yet. Now we have merchant adoption, but no consumers! And governments are banning! The ship is going down, and you're playing your violin on the deck.

Finally someone who gets it! It seems more people are getting it now.

Everybody wants to get rich here quick, but most will soon realize it isn't that easy.

mustang77

newbie

Activity: 56

Merit: 0

We'll hit 1200 soon so good job dave man. Now just be pattient and dont do anything stupid .

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: becker on September 21, 2014, 10:12:42 AM

I'll stick with bitcoin, until something substantially better comes out, and no I've not seen anything that is "better" ~~in a significant way~~.

Some projects have promise if they ever finish with all the features promised, and function in a way that normal people can take advantage.

I'm not married to Bitcoin "Forever" though. It's probably 50/50 this time next year whether I own any bitcoin at all, or twice as much, depends on what happens.

Bitcoin already has futures that other alts try to implement in a bad way.

https://bitcointalksearch.org/topic/coinjoin-bitcoin-privacy-for-the-real-world-279249

Quote

The signatures, one per input, inside a transaction are completely independent of each other. This means that it's possible for Bitcoin users to agree on a set of inputs to spend, and a set of outputs to pay to, and then to individually and separately sign a transaction and later merge their signatures. The transaction is not valid and won't be accepted by the network until all signatures are provided, and no one will sign a transaction which is not to their liking.

To use this to increase privacy, the N users would agree on a uniform output size and provide inputs amounting to at least that size. The transaction would have N outputs of that size and potentially N more change outputs if some of the users provided input in excess of the target. All would sign the transaction, and then the transaction could be transmitted. No risk of theft at any point.

https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki

becker

full member

Activity: 146

Merit: 100

I'll stick with bitcoin, until something substantially better comes out, and no I've not seen anything that is "better" in a significant way.

Some projects have promise if they ever finish with all the features promised, and function in a way that normal people can take advantage.

I'm not married to Bitcoin "Forever" though. It's probably 50/50 this time next year whether I own any bitcoin at all, or twice as much, depends on what happens.

thew3apon

hero member

Activity: 784

Merit: 500

Once alibaba IPO is over, BTC price will rise again..

Topic: This captain is ready to go down with his ship. (Read 4842 times)