Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Zapffe
on 28/03/2014, 14:31:08 UTC
There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.

It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.

It was the cultists who kept the project alive, not the developers?
It really doesn't matter if the price goes down to 3$ or 0,3$, what matters is the general utility of bitcoin. The price matters to those who want to get rich with speculation. Sadly bitcoin is built in a way that is extremely attractive to speculation. A coin, that is more about utility then speculation, will actually create a positive change in the world. To tell, that your plans of getting rich by speculation, is bringing positive change to the world, is high level of self-righteousness.

You're posting in a fcking Speculation thread, retard

Now are you done shorting?

Please tell me,.... should i buy or sell bitch?


I shorted at around 680, at the end of this awesome careless pump that took the price up from 600 at the start of March. Now I'm not buying back until there is some sure footing. The desperation and high hopes of the hodlers and miners isn't sure footing in my book. The price has to either go down enough, or there have to be new markets that will cause proper rise in demand, then I'm all in and I'd even post a train pic. In my view, buying right now is a disaster waiting to happen.