4 ms·

And he'll by fine again next week. There are a lot of people who bought at $5000 a few weeks ago only to panic sell at 2900, and here we are less than a month l

And he'll by fine again next week. There are a lot of people who bought at $5000 a few weeks ago only to panic sell at 2900, and here we are less than a month later quibbling over the difference between 19k and 15k. Either switch your charts to LOG or zoom out until you feel better.

overcast 9y ago
That's what people said when it went from $1100 to $200 for the next three years. No one has any idea where bitcoin is going to go, saying otherwise is nonsense. Only people with a glimpse, are the manipulators holding onto the majority of it.
- jameskegel 9y ago
  BTC may dip temporarily, but with the entry of institutional money, we won't be seeing near the dips you're expecting. I have been watching and participating in this ecosystem from the beginning, take it from me, it's not going anywhere. The only way to lose money operating in this market is to be reckless with leverage, or knowingly sell while you're under, and the same could happen for any asset.
  - overcast 9y ago
    Oh, ok. I'll take it from you.
    - jameskegel 9y ago
      So given how recent events have unfolded, how is your friend doing?
      - overcast 9y ago
        Poorly, like the rest of you suckers.
  - mancerayder 9y ago
    Your hypothesis: "it's not going anywhere." Do you have some argument points to back that up with? I keep hearing simple assertions about what will happen, confidently proclaimed by two sides of a table.
    - ryanmerket 9y ago
      Do you have any hypothetical scenarios that could wipe BTC off the planet or at least make it impossible to cash back it to fiat?
      - mancerayder 9y ago
        It's not up to me to prove a negative. Also, my brain is too small to make sweeping confident predictions about a new phenomenon the likes of which defy existing models. Moreover you'd probably poke hypothetical holes in my hypothetical scenarios. It's a flip of the coin, as far as I'm concerned. Certainly some BTC were almost literally wiped off the planet, aka Mt Gox.

overcast 9y ago

That's what people said when it went from $1100 to $200 for the next three years. No one has any idea where bitcoin is going to go, saying otherwise is nonsense. Only people with a glimpse, are the manipulators holding onto the majority of it.

jameskegel 9y ago
BTC may dip temporarily, but with the entry of institutional money, we won't be seeing near the dips you're expecting. I have been watching and participating in this ecosystem from the beginning, take it from me, it's not going anywhere. The only way to lose money operating in this market is to be reckless with leverage, or knowingly sell while you're under, and the same could happen for any asset.
- overcast 9y ago
  Oh, ok. I'll take it from you.
  - jameskegel 9y ago
    So given how recent events have unfolded, how is your friend doing?
    - overcast 9y ago
      Poorly, like the rest of you suckers.
- mancerayder 9y ago
  Your hypothesis: "it's not going anywhere." Do you have some argument points to back that up with? I keep hearing simple assertions about what will happen, confidently proclaimed by two sides of a table.
  - ryanmerket 9y ago
    Do you have any hypothetical scenarios that could wipe BTC off the planet or at least make it impossible to cash back it to fiat?
    - mancerayder 9y ago
      It's not up to me to prove a negative. Also, my brain is too small to make sweeping confident predictions about a new phenomenon the likes of which defy existing models. Moreover you'd probably poke hypothetical holes in my hypothetical scenarios. It's a flip of the coin, as far as I'm concerned. Certainly some BTC were almost literally wiped off the planet, aka Mt Gox.