Post
Topic
Board Archival
Re: I sold everything at $158/159 this morning
by
salihno71
on 09/04/2013, 14:26:05 UTC
How can everyone be sure it will rise to $500/BTC-$5000/BTC? These are just random numbers people think of. Where's the research to back those projections? If you're long, you're long. Plain and simple. Everyone's getting on the OP's case because the price of BTC has gone up since he posted a sell post. How could anyone have predicted whether or not it would have gone up or down $10-20 that day? Everyone seems like trolls the way they blindly support a long position on BTC. BTC will never reach $5,000USD and if it does it'll be a result of a professional pump-and-dump done by big banks and governments.

BTC isn't tamper-proof. What would happen if i placed a buy order for as many BTC as possible? The price would increase due to a greater demand. What if I sold all the BTC I just bought after making a small profit? Could that create a panic-sell across the boards? How confident would everyone here be if the market crashed down to $25 a coin? Everyone buying now and expecting a price of $1,000 in a few months will be slaughtered and forced to realize a dramatic loss.

The wolves of the world will fleece the sheep trying to roam the same pasture.



I think it mostly depends on the amount of things you'll be able to buy with bitcoin. If demand goes really up it's possible that the price will be MUCH higher than today because there is a limited amount of BTC that can be produced. I can imagine price going to +1k or even +10k.