Quote from: shmadz on December 21, 2013, 03:22:02 PM

Hello thread.

I can't believe I haven't been following this thread (or the previous incarnation) and I can't hope to read or comprehend most of it, but in last couple days, I've tried to catch up (impossible) and I think this is some of the most valuable information on the speculation board. Hats off to all contributors, and sorry to clutter up your thread, but...

I just felt the need to share some non-technical "feelings" from someone with a less technical opinion (which I suspect are driven mostly by technicals, lol) Anyways, a few posts I wanted to respond to:

Quote from: oda.krell on December 16, 2013, 12:47:30 PM

Anyone else getting the eery feeling that luc's "long, painful slide down" prediction might become true after all? Cheesy

YES! this feels eerily similar to the way it felt after the 32 bust, and the 266 (or whatever) bust. I'm hoping that this will last much longer than the 266 one though. Cool

Quote from: Brisance on December 17, 2013, 02:37:39 AM

Quote from: masterluc on December 17, 2013, 02:27:29 AM

Guys I see no support between now and purple line at all. And purple line support is quite questionable.

I was seeing the same thing. I thought the natural progression line should be something like this:

Obviously with a few pit stop along the way.

I very much hope this is the case, I get quite anxious when the price is too high.

Quote from: masterluc on December 17, 2013, 02:41:03 AM

No legit target during few years. Fuck it, I go away.

Me too. When we were at 1000 On my trading account I was 80% fiat, 20% coins; then at 450 I was 20% fiat, 80% coins. Now, I've moved some extra coins back into storage to get me back closer to a 50-50 ratio and I'm looking forward to taking a "bitcoin vacation" (not a vacation paid for by bitcoin, more like just exiting the market for a while to relax a bit, this trading stuff is stressful for me)

Anyhow, thanks again to all contributors, fascinating stuff!

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(*DISCLOSURE*) I'm a miner, and my market position and perception is not good for anyone who does not have steady btc income. I simply place sells above and buys below.

Worst case for me are 2 scenarios:

1) Bitcoin fails. My account is cleaned out and I have 0 fiat and 100% bitcoin, but bitcoin is worthless. No big deal, I've been skimming off the top for years and I still have mining hardware that should be able to mine whatever the next coin might be. (of course if SHA-256 is broken then my ASIC's are worthless too, but my main advantage is my low overhead, but that's off-topic)

2) Bitcoin takes off and I missed the boat and I am now 0 bitcoin and 100% fiat. Oh bother. I only hold 10% of my BTC on the exchange and I can always make more. I can either just withdraw the fiat (and face potential tax consequences) or just leave the fiat there and try to catch some dips...

Don't know about the others, but I really appreciate to get a miner's feedback. Thanks for posting.