Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Now, if it jumps up $100 or $200 in a day, your going to be there sitting in cash. Moral...
Don't try to time a Black Swan.
Don't try to time a Black Swan.
And if it drops 100$ in a day?
Even if you have a world changing invention, markets can remain blind to it for years.
Worse: the invention could simply be discarded and forgotten.
For example, the Greeks invented the steam engine, but we had to wait for thousands
of years before any of its potential was really used.
"Guys! Hold to it! It's world changing invention!" - A guy, 2000 years too soon.
I really wish Bitcoin will go up, but you guys remember me too much of how I was in 2009.
"How can it go down? It's the most important invention since fire!"
The market didn't care.
The more I see scareless permabulls like you, the more I fear for Bitcoin.
If it drops $100 in a day then you should buy some more, no? It depends on the reason. But complications aside...
My point, and I think it was made clear, but I'll type slower for you:
If you are going to wait on the sidelines for it to drop and it doesn't but instead goes up $100 in a day, you will be holding cash. Your choice.
That is my simple point. But, my bigger point is that this isn't an investment. It is a statement. I am making my statement now. I am not an investor, this is about trying to create a better place, getting us away from central banking. If you want to see it purely as money making, well, you create your own reality. We all need to be careful in that regards to be honest.
IAS