Quote from: JayJuanGee on August 09, 2016, 10:09:58 PM

That is correct.. each of us knows about various events, and we have various experiences that shape our views, and in the end, we respond based upon that.. and maybe even in the process disclose some of the reasons why and how we arrived at our conclusions.

Quote from: savetherainforest on August 09, 2016, 09:40:55 PM

Well in the context that we are facing now... And by that meaning the real world is on a verge of a major banking and everything else collapse, China floods, India floods, +other Asian countries... France floods that made wheat production fall by at least 30% from the estimates... Also South America and other South Hemisphere countries have problems because the incoming mini-ice age... if you don't know on the trading of coffee ... this is the 4th year that the real world coffee productions has suffered losses! .. on average in the last 4 years losses of 30% !!! ... And other things as well... Austria received snow and floods never seen in 100 years... Italian banks are thinking of confiscating population money, EU does not let them, Germany and Deutsche Bank seems to be screaming for some bail out money... then there comes Portugal... Spain.. UK.. even if I think Spain is almost safe. And besides that there are weird wars and political events happening...

Yes some of those events are more important than others, and even within the events that you describe above, their trajectories are somewhat unknown and some of them will play off one another and people will account for the events in different ways - that is if they even know about them or know details.

Quote from: savetherainforest on August 09, 2016, 09:40:55 PM

And all this nonsense will make BTCitcoin go to 2k - 3k in the next year!

There you go, again.. Engaging in a kind of regression back to a kind of fatalism - as if bitcoin's trajectory were inevitably up or that the outcomes of the various events that you describe are of such a nature to inevitably cause your description of bitcoin's upward price trajection.

Quote from: savetherainforest on August 09, 2016, 09:40:55 PM

And maybe 10k+ after 2018+

Oh? Even you recognize that there could be a "maybe" in there somewhere? Cheesy

Quote from: savetherainforest on August 09, 2016, 09:40:55 PM

Why are you such a wuss?

...

That is a relative perspective regarding "wuss", and it really does not mean anything.... I believe that I have a pretty significant investment into bitcoin, and I tend to accumulate and HODL, even when quite a few other folks seem to be selling.

Quote from: savetherainforest on August 09, 2016, 09:40:55 PM

You should be spreading the word... our lord and savior ~~"JesusCoin"~~BTCitcoin will prevail...

I am not really an evangelist of anything, but I do tend to tell people about bitcoin to the extent that they seem interested in the concept and receptive in receiving information from me.

Quote from: savetherainforest on August 09, 2016, 09:40:55 PM

I told all my friends to try to invest and get at least 1 coin for fun.. It can't hurt them in the long term. BTCitcoin has good "HODL" storage value in the long run!

Yeah. 1 coin should be a decent investment for anyone who might not have a large budget, but they want to get some stake in the game.

Now if you could just get another 20,999,999 friends and convince them to buy at least 1 bitcoin, on or before 2140, we may end up experiencing a bitcoin shortage, which would be a "good thing," correct? Wink

You should put it more in perspective for them... "Buy bitcoin or suffer!... Your money will be worthless!" or something like that... or at least break it to them in a diplomatic way.

Many of those 20.999.999 coins will be lost on their way home to 2140! ... I'm thinking that just 19.500.000 coins will survive... the most positive outcome I think about that.

And if you are convincing enough... your friends will convince other people as well for you, without bothering too much! ... Just try to create ripple effects in time...

*Edit: And when I talk of 10k ... I mean as in a bottom!

*Edit2:

Quote from: JayJuanGee on August 09, 2016, 10:09:58 PM

Quote from: savetherainforest on August 09, 2016, 09:40:55 PM

... So I don't understand from where is this "dump, dump, dump!" FUD from you is coming...

Did I say anything about "dump, dump, dump"? I mentioned possibilities of downward price action.

Anyhow, it may be worth it to repeat that I generally sell as the price goes up and buy as the price goes down. I might preemptively strike in one direction or another if I have a pretty high level of confidence that the price is going to be adjusting by at least 10% in one direction or another - but those kinds of preemptive strikes are pretty rare for me, and tend to make me nervous too.

The last time that I employed a preemptive strike was last week, upon hearing about the Bitfinex situation. I sold about 3% of my total BTC stash at $583.50 and then bought back at about $508. I was attempting to buy back during the flash crash to $465, and by the time that I caught up with the matter, the price was in the $488 territory, and since I could not get my transactions to go through, I ended up buying back at about $508.

There I did better than you ... Sold at 655 something like 55% - 60% of my total ... When I saw that 5$ dip from 660$ ... and waited... and waited.. waited... etc... and a few hours later price dipped 1$ per 15-20 minutes... till it reached another 15-20$ ... And then I sold the rest when I saw that 50$ dip... but I actually sold before the 50$ dip, because my exchange reacts 2-3 minutes later than the Chinese exchange. So I can basically short with no problem, at a 5-10$ loss per coin.