Topic: Wall of Fame: Quotes of Bold Predictions (Read 7548 times)

Quote from: calian on June 13, 2013, 08:08:06 PM

Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant Wink

All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money.

Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day Wink

After 7 days of not investing, don't invest the rest.

I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool!

I think you have picked around the right amount depending on your near and long-term goals. However you need to space the dollar cost averaging out a lot more than every day. I wouldn't want to put more than 10-20% of my investment in during a single month right now. We could be basing for a rally or we could still be winding down from the last ramp. Realistically it might be 2017 or 2021 before we see a significant upswing again. Pick a strategy that enables you to feel confident enough to hang on through market chaos. I'd recommend avoiding ever being 100% in or out at any time. And just as you never want to spend the last of your cash, don't ever sell your last bitcoin either. These are just general guidelines, feel free to adapt them to your psychology and goals.

No. Mobile phone. Localbitcoins. It happens now, or latest 2013-2014.

Ponzi schemes usually have a pay out. This is a case of humanity waking up to the fact that each and every one of us determines the value of every commodity, and that we don't need central banks to set interest rates for us. If you want to avoid ponzi schemes, make sure not to pay anything into social security.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Jozzaboy on June 13, 2013, 10:00:37 AM

Quote from: Jozzaboy on June 13, 2013, 10:00:37 AM

Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant Wink

All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money.

Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day Wink

After 7 days of not investing, don't invest the rest.

I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool!

I think you have picked around the right amount depending on your near and long-term goals. However you need to space the dollar cost averaging out a lot more than every day. I wouldn't want to put more than 10-20% of my investment in during a single month right now. We could be basing for a rally or we could still be winding down from the last ramp. Realistically it might be 2017 or 2021 before we see a significant upswing again. Pick a strategy that enables you to feel confident enough to hang on through market chaos. I'd recommend avoiding ever being 100% in or out at any time. And just as you never want to spend the last of your cash, don't ever sell your last bitcoin either. These are just general guidelines, feel free to adapt them to your psychology and goals.

No. Mobile phone. Localbitcoins. It happens now, or latest 2013-2014.

calian

sr. member

Activity: 354

Merit: 250

Quote from: JimCGSavings on June 13, 2013, 09:10:12 AM

Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant Wink

All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money.

Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day Wink

After 7 days of not investing, don't invest the rest.

I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool!

I think you have picked around the right amount depending on your near and long-term goals. However you need to space the dollar cost averaging out a lot more than every day. I wouldn't want to put more than 10-20% of my investment in during a single month right now. We could be basing for a rally or we could still be winding down from the last ramp. Realistically it might be 2017 or 2021 before we see a significant upswing again. Pick a strategy that enables you to feel confident enough to hang on through market chaos. I'd recommend avoiding ever being 100% in or out at any time. And just as you never want to spend the last of your cash, don't ever sell your last bitcoin either. These are just general guidelines, feel free to adapt them to your psychology and goals.

MooC Tals

hero member

Activity: 644

Merit: 500

Too much supply generated by weak hands that need to pay off the new asics will sell off their bitcoins easy and prices will fall until difficulty gets to a point where bitcoins are rare again. If the price drops to a point they will dump by the thousands and further accelerating the scenario.

Am I close?

randrace

sr. member

Activity: 329

Merit: 250

LTC -> BTC -> Silver!

This guy's stab in the dark elicited some spirited response, so I'm sticking it here.
For future readers, price had just slipped to ≈ 105 from ≈ 125 over the span of ≈ a week.

BTC will drop below 99 June 14, below 88 by June 18 and below 50 in less than 2 weeks.

Bowjob

sr. member

Activity: 294

Merit: 250

Bitcoins will reach $429.24 before the end of the year.

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: rpietila on June 13, 2013, 08:55:27 AM

Quote from: wachtwoord on June 13, 2013, 06:47:54 AM

Pretty bold (and delusional) Cheesy

Some say it's better to be bold than smooth Wink

- snipped -

I am 26 years old. So, you're saying I should withdraw my retirement account, life savings, sell my car and invest in Bitcoin? Just how sure are you??

Keep the car, if you need it. Your ret. account and life savings will be not worth much, perhaps buy some silver with it. I don't have cash, or house but do have 2 cars, 10,000+ oz silver, some kilo gold and quite many bitcoins. Want to buy some silver?? Wink

Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant Wink

All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money.

Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day Wink

After 7 days of not investing, don't invest the rest.

I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool!

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: rpietila on June 13, 2013, 08:55:27 AM

Quote from: wachtwoord on June 13, 2013, 06:47:54 AM

Quote from: rpietila on June 13, 2013, 08:55:27 AM

Pretty bold (and delusional) Cheesy

Some say it's better to be bold than smooth Wink

- snipped -

I am 26 years old. So, you're saying I should withdraw my retirement account, life savings, sell my car and invest in Bitcoin? Just how sure are you??

Keep the car, if you need it. Your ret. account and life savings will be not worth much, perhaps buy some silver with it. I don't have cash, or house but do have 2 cars, 10,000+ oz silver, some kilo gold and quite many bitcoins. Want to buy some silver?? Wink

Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant Wink

All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money.

Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day Wink

After 7 days of not investing, don't invest the rest.

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: wachtwoord on June 13, 2013, 06:47:54 AM

Pretty bold (and delusional) Cheesy

Some say it's better to be bold than smooth Wink

- snipped -

I am 26 years old. So, you're saying I should withdraw my retirement account, life savings, sell my car and invest in Bitcoin? Just how sure are you??

Keep the car, if you need it. Your ret. account and life savings will be not worth much, perhaps buy some silver with it. I don't have cash, or house but do have 2 cars, 10,000+ oz silver, some kilo gold and quite many bitcoins. Want to buy some silver?? Wink

Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant Wink

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: wachtwoord on June 13, 2013, 06:47:54 AM

Quote from: rpietila on May 04, 2013, 05:03:56 PM

Pretty bold (and delusional) Cheesy

Some say it's better to be bold than smooth Wink

Perhaps it is good to just postpone it: Yes, we will reach $300 by 2016, for sure it will happen. If it happens in early/mid 2014 (which I personally believe), it will easily go to $1000 as a bubble.

Don't you know how many Localbitcoins.com merchants there is? How long does it take to get the Bitcoin Dealer Network Association formed, if it is even necessary. The tear days in March saw 1 million USD invested into bitcoin effect a $10 million rise in market cap. (And the contrary, my sales of $230,000 took 200 million away of the marketcap in May 5-7).

I am currently minding my own business and analysing the great bitcoin bubbles of 2010, because the end game will be like that: UP 10x, down 25%, UP 8x, down 20%, UP 6x, down 15%, UP 12x, down 60%, down 80%. No way the stability returns once we get out of the .1-.12 area...

I and my friend both called the 10->300->120->"1-6mo consolidation" already last year. The fact that it's played out exactly as scripted does not make me any less eager to see some action.

So, what happened to this?

To not believe in $300k this year is a denial of the facts.

So, you are denying the FACTS, postponing your prediction by 2 years? Or it's just the meds doing their job?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: wachtwoord on June 13, 2013, 06:47:54 AM

Pretty bold (and delusional) Cheesy

Some say it's better to be bold than smooth Wink

Perhaps it is good to just postpone it: Yes, we will reach $300 by 2016, for sure it will happen. If it happens in early/mid 2014 (which I personally believe), it will easily go to $1000 as a bubble.

Don't you know how many Localbitcoins.com merchants there is? How long does it take to get the Bitcoin Dealer Network Association formed, if it is even necessary. The tear days in March saw 1 million USD invested into bitcoin effect a $10 million rise in market cap. (And the contrary, my sales of $230,000 took 200 million away of the marketcap in May 5-7).

I am currently minding my own business and analysing the great bitcoin bubbles of 2010, because the end game will be like that: UP 10x, down 25%, UP 8x, down 20%, UP 6x, down 15%, UP 12x, down 60%, down 80%. No way the stability returns once we get out of the .1-.12 area...

I and my friend both called the 10->300->120->"1-6mo consolidation" already last year. The fact that it's played out exactly as scripted does not make me any less eager to see some action.

I am 26 years old. So, you're saying I should withdraw my retirement account, life savings, sell my car and invest in Bitcoin? Just how sure are you??

Keep the car, if you need it. Your ret. account and life savings will be not worth much, perhaps buy some silver with it. I don't have cash, or house but do have 2 cars, 10,000+ oz silver, some kilo gold and quite many bitcoins. Want to buy some silver?? Wink

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: wachtwoord on June 13, 2013, 06:47:54 AM