Who wants to share some bear? | Bitcointalksearch.org

notme

legendary

Activity: 1904

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Quote from: RationalSpeculator on May 29, 2013, 01:21:23 AM

Quote from: notme on May 26, 2013, 04:12:26 AM

Quote from: RationalSpeculator on May 26, 2013, 02:35:11 AM

Quote from: hl5460 on May 26, 2013, 01:41:56 AM

I thought it was some "BEER"...lol
Still gambling may not the best option for spending the coins, as far as I am concerned.

How is gambling related to this thread?

Quote

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods.

Sounds to me like asset speculation fits right in there.

An important difference being that with gambling your chances of winning are statistically lower than losing. With asset speculation, if done well, you only bet on things that have a higher chance of winning than of losing. Risk/reward calculations and all that...

And if you ask me the risk/reward ratio of bitcoin right now is not favorable. Compared to for example the risk/reward of an investment in Satoshi Dice. And short term I would say that even the risk/reward ratio of dollars is better than bitcoins.

The wikipedia makes no mention of a house advantage being necessary to make it gambling.

It gives speculation a solid maybe, and I'm happy to leave it there.
http://en.wikipedia.org/wiki/Gambling#Other_uses_of_the_term_.22gambling.22

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: notme on May 26, 2013, 04:12:26 AM

Quote from: RationalSpeculator on May 26, 2013, 02:35:11 AM

Quote from: hl5460 on May 26, 2013, 01:41:56 AM

I thought it was some "BEER"...lol
Still gambling may not the best option for spending the coins, as far as I am concerned.

How is gambling related to this thread?

Quote

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods.

Sounds to me like asset speculation fits right in there.

An important difference being that with gambling your chances of winning are statistically lower than losing. With asset speculation, if done well, you only bet on things that have a higher chance of winning than of losing. Risk/reward calculations and all that...

And if you ask me the risk/reward ratio of bitcoin right now is not favorable. Compared to for example the risk/reward of an investment in Satoshi Dice. And short term I would say that even the risk/reward ratio of dollars is better than bitcoins.

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: RationalSpeculator on May 24, 2013, 11:16:02 PM

Thanks for sharing

Very interesting to hear how you also look at your different parts. Has your gut been mostly right or wrong in the past? What about your intellectual side?

My intellectual side has thought the same thing since about March 2012: long-term confidence in the technology, short-term the only sure thing is massive volatility. That's not much of a contention, but it's proven fairly accurate

My gut has been on a roller-coaster, especially since January. During the run-up, there were times when I said to myself, "you'd better buy in, 'it' is finally happening!" There were other times that I said to myself "it's gotta crash soon, cash out while you can!" In the end, aside from one impulse buy around $120, I silenced these instincts - in any case they failed to call the top and seriously misread the crash several times - and stuck to the plan, which has been slowly but surely making me money since I bought in over a year ago.

(This is not why I don't trust my gut. I don't trust my gut because even in the best case it works without me understanding why, and without any guarantee that it'll work again tomorrow. In a zero-sum game that most people play emotionally, an emotionless, tested strategy is how you win.)

Anon136

legendary

Activity: 1722

Merit: 1217

you are probably right but fortunately i know my own limitations. i know that im not smart enough to trade technicals. i will continue to sit patiently on my small pile and observe what ever happens or doesnt. if my bitcoins make me rich i will use them to purchase an opulent lifestyle someday, if they do not than i will ride that train all the way to the bottom of the ocean, shrug my shoulders and move on.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: RationalSpeculator on May 26, 2013, 02:35:11 AM

Quote from: hl5460 on May 26, 2013, 01:41:56 AM

I thought it was some "BEER"...lol
Still gambling may not the best option for spending the coins, as far as I am concerned.

How is gambling related to this thread?

Quote

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods.

Sounds to me like asset speculation fits right in there.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: notme on May 26, 2013, 04:06:25 AM

Quote from: RationalSpeculator on May 26, 2013, 01:34:32 AM

Quote from: Miz4r on May 25, 2013, 03:39:41 AM

Quote from: RationalSpeculator on May 24, 2013, 11:27:54 PM

I feel resistance when people claim this is just a correction because the crash from 266 to 50 over 2 days, cannot be called a correction. Such price move is called a crash. And since then it's been lower high's, which also corresponds with a crash. (where do you get the higher highs from? 266/160/150/...)

The lower highs trend was broken since last week: 266 - 166 - 150 - 125 - 134 (now)
The higher lows were as follows: 50 - 79 - 98 - 103

Broken I would not agree with yet as you can simply remove the 125: 266 -166 -150 -134 (now)

The higher lows is true though. So I would agree it's not clear cut.

However, this forum is still very bullish. Where are the doubts?

There is plenty of doubt among those who are new to bitcoin, or have even just heard about it but aren't sure about it.

You're in an echo chamber that will always be bullish on bitcoin. Duh.

+1 but that doesnt mean the price can't go sideways. lol

notme

legendary

Activity: 1904

Merit: 1002

Quote from: RationalSpeculator on May 26, 2013, 01:34:32 AM

Quote from: Miz4r on May 25, 2013, 03:39:41 AM

Quote from: RationalSpeculator on May 24, 2013, 11:27:54 PM

I feel resistance when people claim this is just a correction because the crash from 266 to 50 over 2 days, cannot be called a correction. Such price move is called a crash. And since then it's been lower high's, which also corresponds with a crash. (where do you get the higher highs from? 266/160/150/...)

The lower highs trend was broken since last week: 266 - 166 - 150 - 125 - 134 (now)
The higher lows were as follows: 50 - 79 - 98 - 103

Broken I would not agree with yet as you can simply remove the 125: 266 -166 -150 -134 (now)

The higher lows is true though. So I would agree it's not clear cut.

However, this forum is still very bullish. Where are the doubts?

There is plenty of doubt among those who are new to bitcoin, or have even just heard about it but aren't sure about it.

You're in an echo chamber that will always be bullish on bitcoin. Duh.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: hl5460 on May 26, 2013, 01:41:56 AM

I thought it was some "BEER"...lol
Still gambling may not the best option for spending the coins, as far as I am concerned.

How is gambling related to this thread?

hl5460

legendary

Activity: 1621

Merit: 1000

news.8btc.com

I thought it was some "BEER"...lol
Still gambling may not the best option for spending the coins, as far as I am concerned.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: Miz4r on May 25, 2013, 03:39:41 AM

Quote from: RationalSpeculator on May 24, 2013, 11:27:54 PM

I feel resistance when people claim this is just a correction because the crash from 266 to 50 over 2 days, cannot be called a correction. Such price move is called a crash. And since then it's been lower high's, which also corresponds with a crash. (where do you get the higher highs from? 266/160/150/...)

The lower highs trend was broken since last week: 266 - 166 - 150 - 125 - 134 (now)
The higher lows were as follows: 50 - 79 - 98 - 103

Broken I would not agree with yet as you can simply remove the 125: 266 -166 -150 -134 (now)

The higher lows is true though. So I would agree it's not clear cut.

However, this forum is still very bullish. Where are the doubts?

Zaih

hero member

Activity: 504

Merit: 500

Mate... Smoothie says its going up. Your opinion is therefore invalid Tongue

heh

Miz4r

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Activity: 1246

Merit: 1000

Quote from: RationalSpeculator on May 24, 2013, 11:27:54 PM

I feel resistance when people claim this is just a correction because the crash from 266 to 50 over 2 days, cannot be called a correction. Such price move is called a crash. And since then it's been lower high's, which also corresponds with a crash. (where do you get the higher highs from? 266/160/150/...)

The lower highs trend was broken since last week: 266 - 166 - 150 - 125 - 134 (now)
The higher lows were as follows: 50 - 79 - 98 - 103

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: RationalSpeculator on May 25, 2013, 02:31:36 AM

Quote from: smoothie on May 25, 2013, 01:35:38 AM

Quote from: RationalSpeculator on May 25, 2013, 12:09:22 AM

Quote from: smoothie on May 24, 2013, 11:43:34 PM

Translation of OP:

"Dear Bitcoin Bear God,

Please grant me 1 wish. I sold all my coins at sub $120 and I want to buy them back cheaper than I sold them. So please let me sound like I am just making a joke here about being a bear when in fact I am subliminally trying to garner more bears to bring the price down for my personal and selfish reasons.

Please bring the price down to ~$90.

Thank you oh great bear god of Bitcoin

RationalSpeculator"

Cheesy

That would be your interpretation as well as suspicions.

It contains factual errors that you would have known if you read my posts.

My sale price was not below current price. I made the same amount of money as a buy and hold, but if it crashes I won't lose as much.

I always hold onto enough bitcoins to not feel bad if I am wrong. This means if price goes up I make money, if price goes down I lose money.

I don't think you are funny, I find your post quite irritating actually. Keep the bolds down please. No reason to scream.

Wow someone is quite butt hurt. You can hit the pussy ignore button below my name if you dont like my posts. No one said you HAD TO read them.

You need to lighten up and learn to take a joke. Pull the broomstick out of your rear. Thanks!

Cheesy

You are acting like a jerk. I'll take your advise to ignore you.

And another one bites the dust. Tongue

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: smoothie on May 25, 2013, 01:35:38 AM

Quote from: RationalSpeculator on May 25, 2013, 12:09:22 AM

Quote from: smoothie on May 24, 2013, 11:43:34 PM

Translation of OP:

"Dear Bitcoin Bear God,

Please grant me 1 wish. I sold all my coins at sub $120 and I want to buy them back cheaper than I sold them. So please let me sound like I am just making a joke here about being a bear when in fact I am subliminally trying to garner more bears to bring the price down for my personal and selfish reasons.

Please bring the price down to ~$90.

Thank you oh great bear god of Bitcoin

RationalSpeculator"

Cheesy

That would be your interpretation as well as suspicions.

It contains factual errors that you would have known if you read my posts.

My sale price was not below current price. I made the same amount of money as a buy and hold, but if it crashes I won't lose as much.

I always hold onto enough bitcoins to not feel bad if I am wrong. This means if price goes up I make money, if price goes down I lose money.

I don't think you are funny, I find your post quite irritating actually. Keep the bolds down please. No reason to scream.

Wow someone is quite butt hurt. You can hit the pussy ignore button below my name if you dont like my posts. No one said you HAD TO read them.

You need to lighten up and learn to take a joke. Pull the broomstick out of your rear. Thanks!

Cheesy

You are acting like a jerk. I'll take your advise to ignore you.

randrace

sr. member

Activity: 329

Merit: 250

LTC -> BTC -> Silver!

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: RationalSpeculator on May 25, 2013, 12:09:22 AM

Quote from: smoothie on May 24, 2013, 11:43:34 PM

Translation of OP:

"Dear Bitcoin Bear God,

Please grant me 1 wish. I sold all my coins at sub $120 and I want to buy them back cheaper than I sold them. So please let me sound like I am just making a joke here about being a bear when in fact I am subliminally trying to garner more bears to bring the price down for my personal and selfish reasons.

Please bring the price down to ~$90.

Thank you oh great bear god of Bitcoin

RationalSpeculator"

Cheesy

That would be your interpretation as well as suspicions.

It contains factual errors that you would have known if you read my posts.

My sale price was not below current price. I made the same amount of money as a buy and hold, but if it crashes I won't lose as much.

I always hold onto enough bitcoins to not feel bad if I am wrong. This means if price goes up I make money, if price goes down I lose money.

I don't think you are funny, I find your post quite irritating actually. Keep the bolds down please. No reason to scream.

Wow someone is quite butt hurt. You can hit the pussy ignore button below my name if you dont like my posts. No one said you HAD TO read them.

You need to lighten up and learn to take a joke. Pull the broomstick out of your rear. Thanks!

Cheesy

xavier

sr. member

Activity: 260

Merit: 250

Quote from: RationalSpeculator on May 24, 2013, 10:58:25 AM

I'll start poking a little Wink

It's just pathetic how the bulls are getting an erection already on this weak upwards move today from $120 to $130. Times have changed.

There's just no action and I'm checking prices less and less. I think it will trend at best sideways for half a year. Likely it will hit 30/50 in that time. Summer is going to be dull.

With over 1500 billionaires in the world there is a chance that it relaunches again to new highs never to come back but I estimate chances low.

Any bears around who feel alike?

Bulls please no hype talk here, I can't bear it anymore.

I thought i had the finger on the pulse of the market. However with this recent rise, Im not so sure. Bear trap or new bull market?

Unfortunately dont have the time to study it more atm. However these things must be taken in context with what else is going on in the world right now.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: smoothie on May 24, 2013, 11:43:34 PM

Translation of OP:

"Dear Bitcoin Bear God,

Please grant me 1 wish. I sold all my coins at sub $120 and I want to buy them back cheaper than I sold them. So please let me sound like I am just making a joke here about being a bear when in fact I am subliminally trying to garner more bears to bring the price down for my personal and selfish reasons.

Please bring the price down to ~$90.

Thank you oh great bear god of Bitcoin

RationalSpeculator"

Cheesy

That would be your interpretation as well as suspicions.

It contains factual errors that you would have known if you read my posts.

My sale price was not below current price. I made the same amount of money as a buy and hold, but if it crashes I won't lose as much.

I always hold onto enough bitcoins to not feel bad if I am wrong. This means if price goes up I make money, if price goes down I lose money.

I don't think you are funny, I find your post quite irritating actually. Keep the bolds down please. No reason to scream.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Translation of OP:

"Dear Bitcoin Bear God,

Please grant me 1 wish. I sold all my coins at sub $120 and I want to buy them back cheaper than I sold them. So please let me sound like I am just making a joke here about being a bear when in fact I am subliminally trying to garner more bears to bring the price down for my personal and selfish reasons.

Please bring the price down to ~$90.

Thank you oh great bear god of Bitcoin

RationalSpeculator"

Cheesy

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: RationalSpeculator on May 24, 2013, 11:16:02 PM

The actual usage of the currency, the hashrate, the amount of services lags now way behind the valuation of the currency. It will take a year to catch up.

I think Latin America, China and Russia are going to surprise you this year.

Topic: Who wants to share some bear? (Read 4142 times)