This thread should have its own board. It is part of a select few for anyone wanting to hear and learn from those with some experience; i know im getting plenty from it.

This is unusual to have a crypto media source that does not have excuses in the back pocket to explain BTC crash (exactly crash, not up) events that are certainly going to happen. I always thought the media already knows who will be the scapegoat. Price dropped. However, this sort of thing could be a fore taste of things to come. Market manipulations happen. Nowadays you can trade BTC on a leveraged basis. This give people that hold a lot of BTC a huge amount of power. They have enough BTC to move the market any time they want.
So what they can do, for example, is open a “short” position on a leveraged BTC exchange, then DUMP a load of BTC on to the market. Their dump forces the price of BTC down. They “win” their short bet, and (if they so desire) can slowly buy back their BTC at a cheaper price. They can even increase their holding. Remember, the trade is leveraged, which means that they can get 10x or even (in some cases) 100x the percentage move. So if the % move was 2%, they can get a 20% return, or even a 200% return, which can be an incentive for people to play dirty. If you look at a 4 year logarithmic chart you’ll see that the huge bull runs are almost perfectly 8 months apart
Price highs and lows run in a well defined sequence. We are now upon the next 8 month increment also the previous huge bull runs were preceded by unusually long periods of price stability in similar triangle patterns. All of this would lead you to believe the price will go into another huge bull run till the end of a year.

https://twitter.com/cypherdoc2/status/513036892674465793

Tom Woods is taking questions for Bob Murphy podcast

As I recall, Bitstamp was well established by December, without gox's "banking problems". For whatever that's worth. Still, your point stands: Exchanges are still blindly trusted, even after gox melted down. The lack of serious developments to mitigate counterparty risk is one of the  most depressing things for me this year.

Good point, 1200 only happened on gox and was significantly higher than all other exchanges. S3052?

Guys you are how we in German say "Korinthenkacker". 1175 was the top and the selling range was 1100-1175 if it is so important to you.

>>logictense
My method was to store BTC in cold wallets and only briefly put them on bitfinex or stamp for selling and withdrawing thereafter. It worked.

Can't tell if you guys are joking... so here's a hint:

6*24 * 14 = 2016

https://www.youtube.com/watch?v=XY5KTVA_2ys

Mine was a joke and also relevant to Bitcoin.

Not sure why you are concerned about my "richness" or lack of.
I am very happy.
Believe it or not, I did sell a lot between 1100 and 1200.
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Not concerned about that at all. It's the accuracy of your claims I'm concerned about. especially the ones about outperforming buy and hold.

If one reads the title of your sub thread and your comments within it, one would think you've never made a trading mistake on the way up from $0.60  to $1200. If true, you should be richer than the many buy and holders who have indeed become rich over the same time period.
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Just to put the ludicrousy in perspective, let's assume S3052 put $6000 into buying 10000 BTC @$0.60 in the middle of 2010 which is about where I can pinpoint his start in Bitcoin.  This is about 6mo  before me. Why $6000? because I know what his IRL day job is and that would not be an unreasonable amount for him.

Those 10000 BTC would be worth $12M if he just held into the top when he says he sold, a 200,000% return.  Not bad and certainly enough to thrust him into the rich category. Remember, he said his portfolio was 100% BTC at the top.

But, he says he's outperformed buy and hold with day trading by an order of magnitude which would be a 2,000,000% return. This is why he must be richer than rich.