Post
Topic
Board Speculation
Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
by
iamnotback
on 10/01/2017, 15:29:49 UTC
The following is scaremongering nonsense:

https://99bitcoins.com/why-is-bitcoin-going-down/

That author needs to read this thread and pay attention to the charts I posted upthread about technology adoption.

Bitcoin is now entering a more mature phase of investment/speculation (albeit with increasing volatility as the price moves higher faster) as it has matured into a vehicle for international capital transfer. The current price rise is a stable trajectory which is only in its infancy. The price is going much, much higher.

We might stall out in a cup formation for some months, but that would be the worst case scenario. There is a potential of moving higher sooner, perhaps within 3 months or less.

Tonight some random 20-something filipina (girl) asked me if Bitcoin is real bcz her friend is trying to sell her Bitcoin. That is a sign that Bitcoin is becoming much more mature! Asian girls selling each other Bitcoin.

Edit: more about my past performance:

https://bitcointalk.org/index.php?topic=355212.msg17462668#msg17462668