Quote from: yonton on December 27, 2017, 07:32:57 PM

Quote from: trust.no.one on December 27, 2017, 06:59:43 PM

Ah yes, the old somebody else said something similar at some point and they may have been wrong... or early, so that makes you wrong too logical fallacy.

This is the first time I have said anything about it. The ripple chart looks very bullish to me, but the bitcoin chart looks extremely bearish to me in the short term. If it does not decline substantially in the next few days then I will happily buy back in, but it looks like it's going to plummet, and I know if it does then people will start dumping their ripple too. Maybe if ripple were already being traded on coinbase it would be a different story. I hope it does go way down so I can get more ripple.

You just need to zoom out a little more on the BTC chart, bull run is still very much in tact. Bitcoin is a device that transfers money from the impatient to the patient.

On the contrary I think bitcoin is a device that transfers money from cultists to realists. It is worth nothing and backed by nothing and will ultimately return to that value in the end. I am more than happy to miss out on a rally here or there and jump in when I'm confident. As Mark Twain said I'm less interested in return on capital than return of capital.

Also the further I zoom out the worse it looks. It went up way too fast and has a lot of room to fall, especially for something that unlike ripple is fundamentally worthless.