>> (p.1)
    Author Topic: If you're not out, get out.  (Read 26418 times)

    • Nagle (OP)
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    September 09, 2011, 05:19:18 PM
     #1

    Bitcoin/USD, last 3 months. Any questions?

    Bitcoin is over. If you're not out, get out. The last ones to leave will be the worst off.

    I've been saying for months that this was a speculative bubble, a pyramid scheme. I said that when bubbles pop, they pop all the way. There were replies like "troll" and "hater".  "The bitcoin's value will inevitably increase." (Bazil). "Regular use of Bitcoins will pick up pace, it's inevitable." (Goodlord666). There are still people writing comments like that.

    I was right. You were wrong. Now suffer.

  • pekv2
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    September 09, 2011, 05:20:24 PM
     #2
    NO

  • johnj
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    September 09, 2011, 05:21:18 PM
     #3
    Quote from: Nagle on September 09, 2011, 05:19:18 PM
    There were replies like "troll" and "hater". 

    ...


    I was right. You were wrong. Now suffer.

    Gee I wonder why you got those replies   Roll Eyes
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  • bitcon
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    September 09, 2011, 05:21:25 PM
     #4
    anyone got a chart to post on the recent stock market crash?

  • wee baby seamus
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    September 09, 2011, 05:23:31 PM
     #5
    Quote from: pekv2 on September 09, 2011, 05:20:24 PM
    NO

    excellent point, well rounded with facts and citations that clearly demonstrate a full and complete understandi

  • fcmatt
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    September 09, 2011, 05:23:56 PM
     #6
    The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
    money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
    no one wants to touch them.

    How can the price possibly recover when people do not want to buy, and even if they do buy,
    the amount of cash to bring the price back up to 7 is ridiculous.

  • wee baby seamus
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    September 09, 2011, 05:25:33 PM
     #7
    Quote from: Andrew Bitcoiner on September 09, 2011, 05:24:54 PM
    Quote from: johnj on September 09, 2011, 05:21:18 PM
    Quote from: Nagle on September 09, 2011, 05:19:18 PM
    There were replies like "troll" and "hater".  

    ...


    I was right. You were wrong. Now suffer.

    Gee I wonder why you got those replies   Roll Eyes

    +1

    what are you +1ing? nagle is objectively correct.

  • bitcon
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    September 09, 2011, 05:25:51 PM
     #8
    Quote from: pekv2 on September 09, 2011, 05:20:24 PM
    NO

    i can see how someone got up to their 464 post sr. member status.  

  • iprivately
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    September 09, 2011, 05:28:47 PM
     #9
    yes, please, everyone get out so I can buy MOOOOOOOR  Grin

  • GeniuSxBoY
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    September 09, 2011, 05:30:18 PM
     #10
    Quote from: fcmatt on September 09, 2011, 05:23:56 PM
    The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
    money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
    no one wants to touch them.

    How can the price possibly recover when people do not want to buy, and even if they do buy,
    the amount of cash to bring the price back up to 7 is ridiculous.



    Why buy at $7 if you can buy at $5.25?
    Why buy at $5.24 if you can buy at $4?
    Why buy at $4 if you can buy at $3?
    .
    .
    .
    People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.


    The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.
    Be humble!

  • coined
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    September 09, 2011, 05:33:18 PM
     #11
    Quote from: GeniuSxBoY on September 09, 2011, 05:30:18 PM
    Quote from: fcmatt on September 09, 2011, 05:23:56 PM
    The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
    money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
    no one wants to touch them.

    How can the price possibly recover when people do not want to buy, and even if they do buy,
    the amount of cash to bring the price back up to 7 is ridiculous.



    Why buy at $7 if you can buy at $5.25?
    Why buy at $5.24 if you can buy at $4?
    Why buy at $4 if you can buy at $3?
    .
    .
    .
    People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.


    The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.

    you back in now?  Shocked

  • Jixtreme
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    September 09, 2011, 05:35:54 PM
     #12
    Or.... everyone wants in, but at a lower price...

    Like GeniuSxBoY said, there are people out there ready to buy BIG into Bitcoin. The question is where.

    Don't blink.

  • bitcon
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    September 09, 2011, 05:37:22 PM
     #13
    remember - get out now!   sell low and buy high.

  • mute20
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    September 09, 2011, 05:39:51 PM
     #14
    Quote from: bitcon on September 09, 2011, 05:37:22 PM
    remember - get out now!   sell low and buy high.

    Seems right the right decision. We need to lose money in order to make money!!!

  • Raize
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    September 09, 2011, 05:49:57 PM
     #15
    Question: Why buy now when I can buy all 7 million Bitcoins for $700 when it falls to $.0001?
    Answer: Because everyone else is thinking the same thing.

  • molecular
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    September 09, 2011, 05:56:48 PM
     #16
    Quote from: wee baby seamus on September 09, 2011, 05:25:33 PM
    what are you +1ing? nagle is objectively correct.

    nagle said the bubble would burst "all the way". So he's not technically correct, is he?
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  • Nagle (OP)
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    September 09, 2011, 06:01:50 PM
     #17
    Quote from: fcmatt on September 09, 2011, 05:23:56 PM
    The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
    money wanting into BTC.


    Current Mt. Gox market depth

    Wow. That's new in the last few hours. It looks like people got up today, checked the prices, and panicked.

    (Yes, there will probably be some rebound, but in the last three months, the rebound never entirely recovered the previous drop.)

  • fcmatt
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    September 09, 2011, 06:01:56 PM
     #18
    Quote from: chodpaba on September 09, 2011, 05:48:30 PM
    If this is suffering then hell ain't half bad.

    I have never found a market where it is easier to make profitable trades so frequently, but it is not for 'holders'...

    But that assumes perfect trading which we know is not possible. Buying in at the wrong moment
    just means you needed to sell at a loss to try again. Picking the spot to catch the falling knife for
    just a few moments to catch a small upswing is not exactly easy.

    Unless you have a strategy I am not thinking of which is very possible.

    ----------

    And I am out. No more BTC for me. It was fun trying to trade but I sucked at it for the last week.
    Nice way to lose enough money for a really fancy dinner out on a Saturday night. Probably dropped
    a 100 bucks in the last week with losses. Sent the money to dwolla.

    But eh.. i get free electricity at the colo due to my job and my 2.6 gh/s will create more BTC soon
    enough to putz around with. Hope difficulty drops over the next month.

    C'est la vie.

  • Nagle (OP)
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    September 09, 2011, 06:06:43 PM
     #19
    Quote from: fcmatt on September 09, 2011, 06:01:56 PM
    But that assumes perfect trading which we know is not possible.

    Right. Trying to trade noise is futile. Read "A Random Walk down Wall Street".

  • buttcoin
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    September 09, 2011, 06:38:12 PM
     #20
    Quote from: GeniuSxBoY on September 09, 2011, 05:30:18 PM
    Quote from: fcmatt on September 09, 2011, 05:23:56 PM
    The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
    money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
    no one wants to touch them.

    How can the price possibly recover when people do not want to buy, and even if they do buy,
    the amount of cash to bring the price back up to 7 is ridiculous.



    Why buy at $7 if you can buy at $5.25?
    Why buy at $5.24 if you can buy at $4?
    Why buy at $4 if you can buy at $3?
    .
    .
    .
    People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.


    The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.

    See, but no one wants in at $10. No one who's not in bitcoins now wants in at all.

    There is no "big dog" to save you guys.
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