Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27153. (Read 26712326 times)

I was not referring to the people in this thread, but to the general public.  You guys here generally know enough about bitcoin to choose for yourselves.  But when I read something that I believe is wrong, I feel the need to reply.  Is that serious, doctor?

Explanation

But don't you get annoyed when you present perfectly decent arguments and they either completely ignore them or, worse yet, start calling you a religious cultist?

Ignoring arguments that fail to convince me, of course.  I have no power to force anyone to invest or not, all I can do is present my arguments, and people will decide by themselves.

Yup, it's not far away anymore.

"Bad investments" in your own entirely subjective opinion, ignoring any argument to the contrary - by your own admission.  Hubris, prof.  Hubris.

Were you abused by a computer during your childhood by any chance?

You might want to book an appointment.

If I do not respond, it means that I agree with the response, or that I disagree but do not see the point of re-replying.  Most of the "arguments" here are merely statements of probability -- one thinks X is "quite likely", the other thinks it is "quite unlikely", and neither can convince the other to change his/her outlook.


To know my real motives you may have to consult a psychiatrist.  If a good excuse suffices, consider this:

I believe it is part of my job to warn my compatriots against computer-based scams and bad investments.

BitPagos itself may turn out to be just another harmless service like BitPay, a way to skim fees from bitcoin owners who need a pretext to unload their bitcoins without feeling like they are betraying the cause.  However, the reason why SecondMarket and Pantera are funding BitPagos is clearly to make bitcoin itself look like a great investment, so that lots of Latin Americans will rush to buy shares of their bitcoin-denominated investment funds.

Need I remind you that those funds will make money even if the bitcoin price crashes after the "LA bubble" that they are counting on, and all their investors lose money? In fact, those funds can make a LOT more money from the collapse of such a bubble than from a gradually rising BTC price.  (I haven't checked recently, but a month or so ago, one could compute that the SMBIT investors, as a whole, had lost money.)

Unfortunately, a prof with a keyboard can do very little against the advertising budgets of such big sharks.

EDIT: grammar

Associated with the beginning of a rally.

the firedragon is still marching steady to lucky heaven, bestowing his adherents beautiful dreams and an happy bitcoiny morning


 

 

That's the Bitcoin market. Hanging on the end of a whale's whim.

That's why I love offering leverage on finex. I sold a few Gs on finex and have been loaning out -my strategy consistently makes 2-3%/week on finex over the past few months. It's a great hedge against a sell off and unless btc triples in a year I am ahead!

(of course I still have plenty of BTC, so I'm hoping for up)

Why would that worry any bulls? Because you're well-established as a troll and they might find the idea of you agreeing with them to be unsettling?

There's the occasional insightful remark between all the selective arguing and biased perception.

Anyway, we're all wasting our time in here, so I don't hold it again the prof that he wastes his time by playing anthropologist in here.

Interst is @ 0.2, which is kinda fair for now. Otherwise i treated my positions as you said, i closed my long @ 608$ yesterday and reopened it about 4 hours ago@599 when i saw that the chinese were going up(+2 or 3         200BTCpump walls on Finex suddenly appeared). I´m pretty confident that wave 5 is coming , starting from 340$ and  think that we will see a growth to about 730-780$ in the next 2 weeks. It´s hard to tell when those pumps are coming like they did all of a sudden in wave 3 with the help of single huge market buys so i won´t close my longs from now on and rather pay the interest than to miss the pumps.

Bingo! The voice of reason.

I remember saying the same thing last summer when SatoshiDice was sold and people thought the coins paid to existing shareholders would flood the market. Of course the price fell steeply and almost immediately bounced most of the way back but didn't fully recover for over a week.

Some people never learn.

Sigh.

Just bought some... just in case...

Is it really profitable to hold leveraged positions like that when the market is moving so slowly, with the ridiculous interest rates on bitfinex?  I would have sold the leveraged portion of the position at $610 and then re-taken it whenever a breakout is confirmed. How is that interest treating you?

Explanation

I don´t want to worry the bulls, but i can clearly see us going to 650-700$ by Monday. I´m all in and leveraged long since 560$.