Post
Topic
Board Speculation
Re: I am predicting a spike above $3
by
mjcmurfy
on 23/10/2011, 15:31:32 UTC
how hard is it to respond to that question?  sometimes it pays to follow the speculators, sometimes not.  this is a personal judgment based on what each individual feels they know about the underlying technology.

you can choose to be a momentum follower for Bitcoin or not.  i can choose not to be and be a contrarian to the recent price fall.  if the price starts to ramp up again, then yes, i'll become a momentum follower as i believe the fundamentals of Bitcoin support a further price rise.  

stop acting like you're so smart.

cypherdoc: I don't speculate on what other speculators will do.
mjcmurfy: that's bullshit. what do you speculate on then?
cypherdoc: how can i possibly answer that? stop acting so smart.

It's quite easy. Just tell me what it is you are speculating on if you aren't speculating on metrics that are directly related to the decisions of other speculators? It's only difficult to answer if you were lying, or didn't fully understand what you were saying, and now realize that you cannot answer the question without invalidating your original statement.

Either way, this only highlights and reinforces the assumptions I already have.
So, keep trying, or else stfu.