You do realize there will be no stopping it now...right?

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: muyuu on April 11, 2013, 08:05:35 AM

Quote from: wopwop on April 11, 2013, 06:31:46 AM

Lol if you bought at 5$ and didn't sell at 200$ then you missed out on a huge chance to quintuple^2 your bitcoin holdings buy buying again when it goes down

so anyone here praising 'longterm holders' as smart winners: they arent, the people that sold are the smart winners

That works if you can see the future.

Quote from: XxionxX on April 11, 2013, 07:04:33 AM

Quote from: rpietila on April 11, 2013, 06:48:15 AM

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man! Grin

Sadly I was unable to secure a loan in time for the run up Cry

However I am still doing very well for myself! I can't wait to see where bitcoin takes me in the coming years! I don't really care about the price anymore, I just want to see what happens! This has been the most profitable learning experience I have ever had! I love my bitcoins.

A loan to speculate? I hope you are not serious.

The newbies are always serious.

muyuu

donator

Activity: 980

Merit: 1000

Quote from: wopwop on April 11, 2013, 06:31:46 AM

Lol if you bought at 5$ and didn't sell at 200$ then you missed out on a huge chance to quintuple^2 your bitcoin holdings buy buying again when it goes down

so anyone here praising 'longterm holders' as smart winners: they arent, the people that sold are the smart winners

That works if you can see the future.

Quote from: XxionxX on April 11, 2013, 07:04:33 AM

Quote from: rpietila on April 11, 2013, 06:48:15 AM

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man! Grin

Sadly I was unable to secure a loan in time for the run up Cry

However I am still doing very well for myself! I can't wait to see where bitcoin takes me in the coming years! I don't really care about the price anymore, I just want to see what happens! This has been the most profitable learning experience I have ever had! I love my bitcoins.

A loan to speculate? I hope you are not serious.

XxionxX

sr. member

Activity: 254

Merit: 250

Digital money you say?

Quote from: rpietila on April 11, 2013, 06:48:15 AM

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man! Grin

Sadly I was unable to secure a loan in time for the run up Cry

However I am still doing very well for myself! I can't wait to see where bitcoin takes me in the coming years! I don't really care about the price anymore, I just want to see what happens! This has been the most profitable learning experience I have ever had! I love my bitcoins.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: rpietila on April 11, 2013, 04:59:36 AM

Quote from: Crazy on April 10, 2013, 07:03:42 PM

Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

The reptile knows what's up.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

The people that sold a small percentage in the 200s were smart/prudent, not the people who sold everything.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: XxionxX on April 11, 2013, 06:28:22 AM

Quote from: rpietila on April 11, 2013, 04:59:36 AM

Quote from: Crazy on April 10, 2013, 07:03:42 PM

Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

Have you been watching me!? How did you know I bought my long term gains under 30!? Granted I broke even today, but I just didn't feel like having my family worry about my buy in anymore.

I wasn't able to make a large buy at ~$50, but the run up made me not care. Now it's all house money, and I am just gonna let it ride. Sucks if I lose it, but it's not like I really lose much after that right?

I don't know if I am in the majority or the minority, but depending on what others like myself need, they might decide that they have made enough profit and just cash out.

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man! Grin

wopwop

sr. member

Activity: 252

Merit: 250

Lol if you bought at 5$ and didn't sell at 200$ then you missed out on a huge chance to quintuple^2 your bitcoin holdings buy buying again when it goes down

so anyone here praising 'longterm holders' as smart winners: they arent, the people that sold are the smart winners

XxionxX

sr. member

Activity: 254

Merit: 250

Digital money you say?

Quote from: rpietila on April 11, 2013, 04:59:36 AM

Quote from: Crazy on April 10, 2013, 07:03:42 PM

Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

Have you been watching me!? How did you know I bought my long term gains under 30!? Granted I broke even today, but I just didn't feel like having my family worry about my buy in anymore.

I wasn't able to make a large buy at ~$50, but the run up made me not care. Now it's all house money, and I am just gonna let it ride. Sucks if I lose it, but it's not like I really lose much after that right?

I don't know if I am in the majority or the minority, but depending on what others like myself need, they might decide that they have made enough profit and just cash out.

BitcoinMillionaire

full member

Activity: 168

Merit: 100

Bling Bling

the coin will bottom at around $100, we've still got some crashing to do.

samson

legendary

Activity: 2097

Merit: 1070

I will return to this thread in a month to see how it ended.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Crazy on April 10, 2013, 07:03:42 PM

Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

muyuu

donator

Activity: 980

Merit: 1000

Quote from: Wuji on April 10, 2013, 10:44:21 PM

Most speculators are now either sold and gone (the winners), scared and have no clue what they are doing (the newbies), or left holding the bag and crying in their milk (the losers). I'm not sure where anyone believes all these new buyers are going to come from and push it back over $200 anytime soon. Hope is a good thing but, blind faith tends to lead to sad disappointing failure. Anyone who has experience today saw the fluctuation ($105-$266) and left for the hills. The writing was all over the wall this week with the run up from Monday till last night. Huge run up and massive volatility unseen before. I saw it last night and sold.

Most of the winners will keep playing.

Some of the losers will keep playing too.

We are likely to have fewer but more hardcore speculators. Not sure this will be good or bad to be honest.

batcoin

full member

Activity: 238

Merit: 100

In Gord We Trust

Quote from: Crazy on April 10, 2013, 07:03:42 PM

It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

Is there something wrong with that?

muyuu

donator

Activity: 980

Merit: 1000

Quote from: yvv on April 10, 2013, 07:06:09 PM

Quote from: muyuu on April 10, 2013, 07:01:56 PM

Otherwise my coins are not for sale, they are meant to be either saved or spent.

Good strategy. This is what bitcoins are invented for. Where are you going to spend them?

So far, mostly internet services. VPN, hosting, seedboxes, stuff like that. I take my anonymity very seriously and Bitcoin is perfect for that.

I have bought a couple silver coins too, in bitcoin. But at this point they are not great for grocery shopping or paying the rent, so I use fiat directly for that.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: Wuji on April 10, 2013, 10:44:21 PM

Most speculators are now either sold and gone (the winners), scared and have no clue what they are doing (the newbies), or left holding the bag and crying in their milk (the losers). I'm not sure where anyone believes all these new buyers are going to come from and push it back over $200 anytime soon. Hope is a good thing but, blind faith tends to lead to sad disappointing failure. Anyone who has experience today saw the fluctuation ($105-$266) and left for the hills. The writing was all over the wall this week with the run up from Monday till last night. Huge run up and massive volatility unseen before. I saw it last night and sold.

+1

essem

newbie

Activity: 42

Merit: 0

Quote from: Wuji on April 10, 2013, 10:44:21 PM

Most speculators are now either sold and gone (the winners), scared and have no clue what they are doing (the newbies), or left holding the bag and crying in their milk (the losers). I'm not sure where anyone believes all these new buyers are going to come from and push it back over $200 anytime soon. Hope is a good thing but, blind faith tends to lead to sad disappointing failure. Anyone who has experience today saw the fluctuation ($105-$266) and left for the hills. The writing was all over the wall this week with the run up from Monday till last night. Huge run up and massive volatility unseen before. I saw it last night and sold.

or going long even though the price is falling!

lol

Geddi

member

Activity: 98

Merit: 10

It's the muffins that must be stopped.

Dunno.. I have an uncontrollable urge to post this.

Wuji

newbie

Activity: 56

Merit: 0

Most speculators are now either sold and gone (the winners), scared and have no clue what they are doing (the newbies), or left holding the bag and crying in their milk (the losers). I'm not sure where anyone believes all these new buyers are going to come from and push it back over $200 anytime soon. Hope is a good thing but, blind faith tends to lead to sad disappointing failure. Anyone who has experience today saw the fluctuation ($105-$266) and left for the hills. The writing was all over the wall this week with the run up from Monday till last night. Huge run up and massive volatility unseen before. I saw it last night and sold.

firefop

sr. member

Activity: 420

Merit: 250

Quote from: bitcoinBull on April 10, 2013, 10:21:24 PM

Quote from: proudhon on April 10, 2013, 09:00:36 PM

Quote from: bitcon on April 10, 2013, 08:56:49 PM

the "crash" is over people. if you didnt have your useless fiat money ready on exchanges, then you've lost out. back to 200's by tomorrow.

I doubt that. There's some 12k BTCs to 200 right now. By tomorrow that will have increased quite a bit. By next week, there'll be enough resistance built up to 200 that it'll look impossible to get through.

I don't usually agree with proudhon, but I do about this. Mid-term trend is likely down. Don't get caught by a head-fake over $200. You'll have to be patient to catch the next rally from the lows, probably several months from now. I'm expecting a low around $50, though could go lower (but I'd bet my house that it won't be single digits). Look at the price history. It takes a while to recover from a mid-term correction, but it will recover.

Have to disagree. mid-term is still up (the market kept it's parabolic shape even through this 'crash' - which means it was a reasonable correction) I'd say we'll be flirting with again before in 3 or 4 days at most.

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: proudhon on April 10, 2013, 09:00:36 PM

Quote from: bitcon on April 10, 2013, 08:56:49 PM

the "crash" is over people. if you didnt have your useless fiat money ready on exchanges, then you've lost out. back to 200's by tomorrow.

I doubt that. There's some 12k BTCs to 200 right now. By tomorrow that will have increased quite a bit. By next week, there'll be enough resistance built up to 200 that it'll look impossible to get through.

I don't usually agree with proudhon, but I do about this. Mid-term trend is likely down. Don't get caught by a head-fake over $200. You'll have to be patient to catch the next rally from the lows, probably several months from now. I'm expecting a low around $50, though could go lower (but I'd bet my house that it won't be single digits). Look at the price history. It takes a while to recover from a mid-term correction, but it will recover.

Topic: You do realize there will be no stopping it now...right? (Read 4907 times)