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Topic: You guys need to relax - page 2. (Read 2728 times)

legendary
Activity: 1288
Merit: 1087
January 24, 2016, 10:02:13 AM
#24
This section would be a ghost town without the panic. I find it kinda funny watching the sentiment swing from despair to euphoria within a handful of dollars. It tells a pro trader that there's a ton of money to be made scaring the people involved in the markets.
Pab
legendary
Activity: 1862
Merit: 1012
January 24, 2016, 09:49:47 AM
#23
Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement



Sure,that small up and  down it just a game,some idiots are leaving btc,in fact good for  btc,people panic
sooner or later btc will  reach  650$ and  lets see
hero member
Activity: 840
Merit: 1000
January 24, 2016, 06:46:42 AM
#22
Mainstream media has massively overblown his statement and leaving bitcoin development.

This has caused a dent in the price, which has corrected for more than 50% back to normal already.

Please go ahead and leave bitcoin with him, but don't come crying back later.

And next to getting all excited about whales pumping and dumping BTC all over the charts, in order to wipe out the little guys, is everyone hopping up and down getting excited about the least little bit of BTC related news, in the widespread belief that it really is *news* that drives Bitcoin. If that Mike Hearn *news* came out prior to a whale Pump cycle, then they probs would have ramped on that news, and a positive spin would have been put on the Mike Hearn story to 'explain' the ramp and the little guy would have piled in in his usual FOMO fashion.

BTC is cashcow to Chinese Bitcoin cowboys which they also use to get CNY into USD, i.e. Capital Flight.  Just look at where the last low was $470, right beneath the $475 base for the whole of the last ramp. How many little guy Long Stops do ya think got triggered there? Or what about the break out just above the key $400 resitance? How many Stop Loss Orders do ya think got triggered there? BTC market moves are 90% bullshit.

*Real* organic markets, determined by mass movements of the herd do not behave like this. This is how cornered and totally rigged markets move. Like traders are being asked to bet on mechanical donkeys, whilst the guy who operates the donkeys, ensures that the one with the least bets on it wins, with all the losers bets being swept up by the house.  The key to knowing which way Bitcoin is going to go next, is to look at a big exchanges order books, and see where the most Stops are. Because THAT is where Bitcoin is generally going next........Unless we have genuine Buy-In or Cash Out event, which again, are determined largely by Chinese Bitcoin Cowboys capital flight operations.
legendary
Activity: 1946
Merit: 1007
January 24, 2016, 06:20:40 AM
#21
Look guys. You need to relax and stop going crazy about small time price actions.
...

Do you follow Bitcoin at all? Did you hear about a Core dev quitting & calling Bitcoin "a failed experiment"?
About the impending hard fork looming over us, because, as it turns out, consensus ain't such a sure thing to reach for our conductors, even when our choo choo is chooching into a brick wall?

FLY, YOU FOOLS!

Mainstream media has massively overblown his statement and leaving bitcoin development.

This has caused a dent in the price, which has corrected for more than 50% back to normal already.

Please go ahead and leave bitcoin with him, but don't come crying back later.
legendary
Activity: 1526
Merit: 1179
January 24, 2016, 05:23:09 AM
#20
OP is right. Stop pooping your pants when the price is tanking.

Long term is our goal so we keep holding our coins firmly and with pure dedication.

Short term action is only good for day traders and people that know what they do, so stay away from it when you can not handle trading at this level.
legendary
Activity: 2170
Merit: 1427
January 24, 2016, 05:06:23 AM
#19
Average Joe's and other newbie noobs - Uhhh what does that mean!?

Smart traders - Have you figured this out just now?

Whales and other wealthy investors - You guys are fools, we will eat you guys alive!
legendary
Activity: 2562
Merit: 1119
January 24, 2016, 02:51:20 AM
#18
Yeah many people are getting paranoid on a small drop price,
But you can't blame them they're just being cautious that bit go down completely. But some people are making it exaggerated by posting bitcoin is doomed just because they saw a price drop.
sr. member
Activity: 378
Merit: 250
January 24, 2016, 02:14:55 AM
#17
I know right. People are getting all worked up on this whole Bitcoin is dead thing. We need to stop.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
January 24, 2016, 01:22:24 AM
#16
Pardon me.  You're actually right.  Buy and hold is the way to go.
legendary
Activity: 1498
Merit: 1030
January 23, 2016, 10:56:35 PM
#15
What is this "relax"?

 9-)
legendary
Activity: 3556
Merit: 7011
Top Crypto Casino
January 23, 2016, 10:44:58 PM
#14
NOOoo...

The price swings up and down and the emotions swing up and down and that is a big part of what makes crypto so exciting and attractive.

What would it be like if BTC just stopped at $400 and stayed there.. Boring...

I wonder if BTC would have less liquidity if it wasn't so volatile because many people would stop trading it.
Lol it's the trading that produces the price swings in the first place--you might want to pick up a finance textbook or something.

As for OP I agree.  But there are so many young noobs here who haven't experienced life or markets for all that long.  It's easy to get excited.
hero member
Activity: 574
Merit: 500
January 23, 2016, 10:31:38 PM
#13
Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement



I wonder how are the hodlers who bought some stash above $500 are doing.. I hope they are still doing fine Smiley
sr. member
Activity: 348
Merit: 250
January 23, 2016, 05:11:01 PM
#12
Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement



You can never really relax when you use that strategy.  Wink

It's not likely, but if the price crashed to double digits most people with that strategy wouldn't be relaxing and saying it's only money. They would be mostly blowing fuses. Bitcoin isn't predictable, and if it does go to the moon it might not do it when everyone expects it to, it might go down first. I think $150 was the bottom, but that's only me guessing, I could be wrong.
member
Activity: 119
Merit: 100
January 23, 2016, 05:08:09 PM
#11
Quite true. Price goes up and down but it is not nothing to panick about.
hero member
Activity: 798
Merit: 1000
LIR Dev. www.letitride.io
January 23, 2016, 04:46:43 PM
#10
NOOoo...

The price swings up and down and the emotions swing up and down and that is a big part of what makes crypto so exciting and attractive.

What would it be like if BTC just stopped at $400 and stayed there.. Boring...

I wonder if BTC would have less liquidity if it wasn't so volatile because many people would stop trading it.
They are a big parts of crypto and a big reason why i am here to be honest. The volatility can be your best friend or worst enemy,depending on like you said- your emotions at the time. Fear is for suckers who have invested more than they should have. I agree with op that people need to relax and not worry over the swings. More important things for our energies. 
sr. member
Activity: 423
Merit: 250
January 23, 2016, 04:35:03 PM
#9
NOOoo...

The price swings up and down and the emotions swing up and down and that is a big part of what makes crypto so exciting and attractive.

What would it be like if BTC just stopped at $400 and stayed there.. Boring...

I wonder if BTC would have less liquidity if it wasn't so volatile because many people would stop trading it.
full member
Activity: 481
Merit: 102
January 23, 2016, 04:30:55 PM
#8
Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement



You can never really relax when you use that strategy.  Wink

You can relax. Believe me if bitcoin was a failed experiment it would have failed after the first year. Nothing lasts for 7 years in today's world unless it is a success. Its only a matter of time before people realize that and the price goes up massively.

The recent consolidation and correction of the last months and years is just people like Mike Hearn (fools who got lucky) selling to the people like Tim Draper (professionals). Yes alot of coins maybe changing hands hence the volatility. But bitcoin is not going away and eventually the price is going to the freakin moon.
legendary
Activity: 1442
Merit: 1016
January 23, 2016, 03:05:26 PM
#7
Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement



You can never really relax when you use that strategy.  Wink

Why not?
When I'm think long term, meaning many years, and only invest money I can afford to lose, I give a f*** what happens short term.
I put my coins in cold storage and just do nothing.

Think
Things look different when you invest short term or put more money in as you should because your greed is too big.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
January 23, 2016, 02:48:46 PM
#6
Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement



You can never really relax when you use that strategy.  Wink
legendary
Activity: 1512
Merit: 1000
January 23, 2016, 02:28:28 PM
#5
Do you follow Bitcoin at all? Did you hear about a Core dev quitting & calling Bitcoin "a failed experiment"?
About the impending hard fork looming over us, because, as it turns out, consensus ain't such a sure thing to reach for our conductors, even when our choo choo is chooching into a brick wall?

FLY, YOU FOOLS!

Mike Hearn isn't a real "Core dev" with his two or something like that contribution, so nobody really give a dime about what he saying. In addition he's not saying anything new. All the problems what he addressed are well known issues. The hard fork issue is different indeed, but we'll see how that's panning out. Maybe Gavin will fail again, maybe not. Anyway, nobody will loose pre-fork coins because of the fork, if not intended to keep using the "loosing" chain.
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