Post
Topic
Board Speculation
Re: smart or dumb?
by
Wuji
on 02/05/2013, 14:51:30 UTC
bitcoin will not cross 100

That's what they said at $200, and $150, and $100 (the first time), etc....but guess what?

well now i'm saying it, bitcoin won't cross 100.

I just bought more at $120, $110, $100 and now at under $100.  I expect within a month to be buying large amounts at $30-$50 exactly as I stated after I sold at $230.  If only everything in life were so predictable and easy.

How can anyone really be shocked something based on speculation and greed which is overvalued is overpriced?  I remember when Greenspan spoke of Irrational Exhuberance and the world laughed at him then cried over the dot com bubble, I was day trading and shorting and made 100s of thousands.  I remember telling grandma not to spend $1000s on those "collectible" beanie babies which are now worth nothing.  I bet people thought tulips would never run out of style.  I remember calling credit default swaps stupid gambling and pointing out even those that invented them can't explain how it works.  I remember asking my poor Uncle who lost all his stock in Enron to explain how their system could continue to work forever and he had no answers pre-crash.

I am in total shock and disbelief that people who can't provide fundamentals, only speculation didn't see this coming.  I came here asking for fundamentals and you all failed to deliver tangible anything.  Now some act surprised.  Thanks for the profits.  Can't wait till the next herd of exuberance comes in 6 months to 5 years and I make another boatload of Fiat.  I hope by then MtFUX has thier shit togther or there is a real trading platform.  When you see the bump up at the end of today don't get all excited.  Remember that happens everyday after another huge drop.  It is because some people can't seem to ever learn.  Emotion will fuck you up good.