Post
Topic
Board Speculation
Re: If you're not out, get out.
by
oakpacific
on 27/11/2013, 05:05:43 UTC

Bitcoin/USD, last 3 months. Any questions?

Bitcoin is over. If you're not out, get out. The last ones to leave will be the worst off.

I've been saying for months that this was a speculative bubble, a pyramid scheme. I said that when bubbles pop, they pop all the way. There were replies like "troll" and "hater".  "The bitcoin's value will inevitably increase." (Bazil). "Regular use of Bitcoins will pick up pace, it's inevitable." (Goodlord666). There are still people writing comments like that.

I was right. You were wrong. Now suffer.

Wow, this guy seems to know a thing or two about investment! Did any of you listen to his advice? Or are you suffering because you didn't? Wink

IIRC, the guy let it slip that he did his buy-in at around $2.  Timed it almost perfectly.  Before that he was talking down the market (I always felt ineffectively) and right after that, he shut up for a long long time.  He woke up again to try to talk things down briefly after the early 2013 spike, but didn't stick around long.  His best work happened from mid to end of 2011.  God only knows how much he made if he bought at the late 2011 bottom rather than a series of double-downs as I did.

Lately he's been mostly trying to get people (including yours truly) to sue Mt. Gox for some reason.



Then I guess you hadn't followed him for long enough though.

He still tried to talk down the market after the bottom, check out his posts.

But then again, I take off my hat to you guys who just want to give everyone credit and say nothing but good things after you have sealed your win.