If we all were able to call bubbles then we would all be rich now huh? Usually bubbles occur when you least expect it. Perhaps this could be the percieved value growth of bitcoins based on the many positive developments for bitcoin?
Not all of us are able to. And those who are usually take a lot of abuse for being the one who doesn't conform to the crowd psychology.
Once again I bet you will be proven wrong in the next 5-6 days concerning your claim that bitcoin likely wont go through $100.
I did not say "It definitely won't go through $100"... I said it was getting so flat/dead I questioned whether we would ever see it. But I've been talking about $100 since $50, because that's what everyone seemed to want.
Moreso it seems that you making bearish calls shows you were hoping to buy in cheaper than you sold. Don't deny it that you wanted to make a % profit by selling and hoping to buy back cheaper. Same principle.
I somehow believe you will at some point buy back in higher.
As Cypher says "Sell High, Buy Higher"
[/b]
I somehow believe you will at some point buy back in higher.
As Cypher says "Sell High, Buy Higher"
[/b]That wouldn't be a profit. I would have the same amount of money but more bitcoins that are worth less (no immediate benefit). Short selling would produce a profit.
I actually liked this post too though smoothie... Well done, once again.
--ATC--