Re: The Forum is Dying

Quote from: bitgeek on February 25, 2015, 08:44:28 PM

Quote from: BitcoinDistributor on February 25, 2015, 06:10:05 AM

I know me personally, I haven't held bitcoin overnight in months and don't plan to anytime soon. As for forum use, I come on, but only for business-purposes to convert payments I've received in bitcoin to fiat. I got into bitcoin beginning of 2013 and once it hit $300 (on way up) is when I said overpriced and got out.

This nicely shows your bearish attitude. You don't hold bitcoin and immediately get rid of the ones you come upon. If you sold all you had for $300 you missed about 12 months of higher prices. No wonder you became bitter. There's a lot of people like you in here, especially in the speculation subforum. Maybe they can comfort you Wink

It is not that I am bearish or bullish, my problem is the liquidity issue and price variance this currency has now. No longer can someone sell 10,000 BTC at once and only move the currency 1% or whatever. Now if someone were to try to sell that much it would instantly drop all 13,000,000 or however many bitcoin are around now down at least 10%. I can't be in something where less then 1% of the total population being sold causes at least a 10% drop in the overall value of the entire population.

The liquidity isn't there anymore and neither is the stability. Although I will say for the last week this has been the most stable bitcoin has been in a long time. If there was higher volume instead of much much lower then usual volume then I'd actually consider buying a short-term call option in this situation.

Anyways, just my thoughts on bitcoin. I do need to make a purchase though so right now even with my bearish attitude as you say I am trying to acquire ~$650 of the currency (at whatever current market price is whether it be $1 or $1000).