the Forum has been inundated with trolls probably from the Street who are desperately trying to get their hands on bitcoin. you can tell this by the pronouncements of doom and gloom from these people. as the stock market plummets, these punks are looking for the next bull market to rotate into and its bitcoin. but they need to get you to sell to them so don't let it happen. we are going back up and soon.
Bad call by cypherdoc. On June 11th 2011 when price had just peaked out at $31.5, 2 days before, and was averaging at $17.6 that day, he advises not to sell but to buy and predicts it will go back up.
The price continued to fall for 5 months in a row to a low of $2 by November 18th 2011.
To my knowledge be remained bullish the whole way down.
And because he is well capitalized, he was able to buy all the way down. Perhaps his "soon" is different from what you assumed "soon" to mean. He's way up at these prices.
I don't think I am misrepresenting his 'soon'. I have followed cypherdoc his newsletter and soon means the coming weeks, not in 5 months after first correcting -80%.
I hope you are able to judge a call objectively, independent of your feelings for this person?
Let's say like cypherdoc I predict, but that the market will go down soon and say: "sell your coins to all those suckers. we are going down soon." The inverse happens, it goes up by 800% for 5 months in a row. I continue to predict it will go down though, also right on the high. Then it starts to go down but it takes 2 years to go below that price where I made the call, but indeed it goes much lower and my call becomes true.
Proudly I bump the thread continuously where I called it will go down right at the top. Someone points out that was a great call indeed but the call earlier was wrong and I say: "hey I sold even more coins as it went up, and now 2 year later the price is indeed much lower as original". Even if this is right, it was still a poor call as it first went up by 800%.
I agree he is way up at current prices, just like anyone who bought in 2011.
Stick with it was the art though, and he definitely succeeded in that, and helped many others to stick with it, me included.
However, he does not teach any risk management, is silent about his wrong calls while very public about his right calls, gets defensive if you confront him about his wrong calls, and repeats his mistakes to continue to advise to buy even after parabolic epic rises. He did it in 2011, and again in 2013 as I prove in this thread.
Basically he is acting as a goldbug. Always bullish, always advising to buy, even when proven seriously wrong, not recognizing it, not taking responsibility and when confronted
denying, minimising and ridiculing.
This is a serious red flag. Very likely, if bitcoin fails, he fails and everyone who follows him. Be aware.