Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
shields
on 09/10/2014, 08:43:43 UTC
listen to David Seaman's despair and anger.  this is called Capitulation.  sad, but this is no market for the naive and weak minded:

http://davidseaman.libsyn.com/bitcoin-crash-analysis

WTF, this guy's been on TV doing interviews about Bitcoin in the past, and now he thinks it's finished because of a moderate (in the grand scheme of things) short-term drop in price.

Yup. Bitcoin up 21% since he recorded that aka capitulated.

 Most ppl investing in cryptocurrencies are going to lose money-cypherdoc

David is no exception.

He needs a friend to take him to a dive bar and get drunk with him, David can tell him how he thought BTC was the one and now he'll never love again. At the end of the night he'll whip out his phone and buy some slutty alt-coin as a rebound trade. He'll have a hell of hangover, but he'll wake up feeling better, check the price, see it's not the end of the world and be eventually be ready to start a new relationship with crypto.