Quote from: MrPiggles on November 08, 2014, 10:09:36 AM

Quote from: octaft on November 08, 2014, 04:37:53 AM

I remember there being a guy on here who bragged about his strategy of buying at the all-time high and it being fine because it's made him money up to this point. The idea being that every time it hits the ATH it breaks it. Clearly this couldn't go on forever, but in this person's mind it could. When people start acting like that, it's time for smart holders to be very nervous.

i was being sarcastic abut how many of the trolls claim to have got lucky and made a fortune off bitcoin. they all timed it perfectly apparently, not one of the trolls on here will admit to missing out on any money.

Yes, I understand you were being sarcastic, but I'm not. The price cannot simply go up (or down) forever, and when 95% of people are bullish, there's a ton of green on the charts, and people start ranting about 100k/coin, that's a serious warning sign for anyone that is remaining objective. The reverse is true when the doomsayers come out of the woodworks screaming the end, and especially when some people who were seemingly permabulls during big rises start talking about shorting.

Now, whether the permabears knew this, or are just bitter that they sold at whatever much lower price, I couldn't tell you, and I imagine it would be different for each individual.

It's like, people are being mocked for buying at these prices, but in my opinion, anyone that was patient and waited to buy at these prices is doing it way more right than the guys who bought at 800+, even if it does turn out to be wrong.