rpietila has now admitted that this might be the final capitulation.
it's perhaps the final capitulation.
Even the permabulls are starting to see the truth.
You are likely citing out of context (that's why you provided only a snip-it).... All fun and jokes, I suppose.
I have very little commented Bitcoin's price during the last months. It is soon 7 months that I bought my shorts back and now I am just waiting the price to rise, to enable me to sell and gain financial resources - or not rise, in which case I continue to concentrate on forum education and less money-consuming activities.
The buyback average in 2014-2-25 was $449 and the low $382. So we are now at about the same price. This time it feels worse, because the spring that compresses in flashcrashes and catapults the price up, seems to be broken.
If it is broken, then it's perhaps the final capitulation.
Nobody should employ an investment strategy with stop-losses. That is idiotic. If you don't think the investment is valuable (and thus becomes better when it becomes more undervalued), why the heck should you buy it at all? There are valuable things in the world that you can buy instead.
Nobody should gamble more than he can afford to lose. By following this, I am able to wait the price coming down, and at $300 I'll probably cut excess spending, at $200 refocus my time on earning money instead of fooling around and at $100 buy more bitcoins with my renewed positive cash flow.
Interesting to see how it works out. Have to say I am not a major player in this and that is due to another coin that is more mentioned in the Altcoin observer thread.
Well, it is good to see the context of that Risto quote... and if you think about the quote in context, Risto seems to be pumping Monero as much as he is referring to a possible BTC capitulation..
Maybe he really believes that bitcoin is NOT springing up in price like it used to do, but really seems stupid (or at least irritating for me to read) in context for him to be suggesting a potential downfall of btc before Monero has really taken a solid stance...
Personally, it seems that he is trying to hedge his bets in both BTC and Monero.. while taking other precautions in the event that BTC prices continue to fall and therefore, he seems to currently be preparing to buy more BTC in the $100s, if BTC prices were to go to such low levels.