The retards who are buying now and not selling are going to lose and end up selling below $100.But past happenings do not guarantee future happenings... You may have been right once, twice or even more times, but this does not mean you will be right this time..
I've always been correct on
BTC price in terms of the major moves. I was even correct in early 2013 when at $10 I gave my thumbs up to going all in.
Well in May I wrote in several Economics -> Speculation threads that BTC would rise from the low $200s to $315, then it would crash back down to eventually below $150 (and probably to double-digits) no later than sometime after October.
I reiterated these points over the past weeks in the Economics -> Speculation -> PnF and Economics -> Speculation -> Free Money threads. Even a few hours before the crash I reiterated these points again that everyone should have been short since $315.
The bottom in the BTC price will come in Spring 2016, and it will be back below $100, perhaps even below $50.
After that, we will start a new bull market that will make investors rich.
If you weren't dumb, you'd learn to stop ignoring me. You'd be clicking my Profile and reading all my archive of posts.
But you are dumb and lazy, so you won't do that. And so you will remain ignorant. And I sort of like that, don't you?
And last but certainly not least, sue your mother and fuck her too, because she brought your dumb ass into this world.
(that is if you think you should abrogate your responsibility and sue anyone for the market price movements of BTC)Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.
PS: I've decided to risk a portion of my BTCs following the advice you gave on Klee's thread. As stated there, I don't feel comfortable about it, but more and more I am convinced that your approach of BTC's is essentially a "gold-like" commodity and should be treated like one, is true.
As more people capitulate to the reality that it is better to be short than long that is what drives the extreme low.
This bounce back up is one more gift to go short before it is too late. Again the "Only the Date is Unknown". I don't know how far up the price will reach before crashing again or the timing. Volatility will increase.
The "End of Government" can mean many things. It can mean we still have governments exerting totalitarianism with the chaos of loss of rule of law (i.e. rampant corruption in government). Again study my upthread review of the decades long chaotic collapse of the Western Roman empire.
The government won't entirely disappear any time soon. You'll wish they would. In Rome it got so bad that the people just abandoned their land because the government was so oppressive. Later there was no government in Rome and only cows grazing in the city. But first the totalitarianism.
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