Holding On for Dear Life

From Slope of Hope: Checking the Bitcoin chart has, for me, become kind of like watching a huge auto wreck. Even though I have nothing to do with it, I just can't stop looking. In the past 24 hours, three milestones have fallen away - - $13,000, then $14,000, and $15,000.

slopechart_$BTC (2)

Let's just say $BTC owners have had a not-too-awful year (unless they sold).

1207-bi

And the experts have been offering up superb advice the entire way (this is from January 2014):

GartCoin

I guess if the experts were asked for a place as a "flight to safety", they might suggest, oh, gold. And we can see how THAT has been doing lately too:

gold

Comments

aloha_snakbar Thu, 12/07/2017 - 10:05 Permalink

I find it positively adorable how the cryptards think that their gaming tokens are so special that they are immune to human nature, common sense and physics....

Blue Dog aloha_snakbar Thu, 12/07/2017 - 11:21 Permalink

I'm laughing at you all the way to the bank. My $2100 Bitcoin investment is now worth $5600. Once it's worth $10,000 or $20,000 I'll take out my original investment and play with house money.Bitcoin is going higher faster than anyone has predicted. I thought a few days ago that it could hit $20,000 before the end of the year. Now I think it'll hit that in the next day or two.

In reply to by aloha_snakbar

aardvarkk aloha_snakbar Thu, 12/07/2017 - 15:56 Permalink

Human nature is to buy things that are rising in value.  People are buying Bitcoin.  Seems only natural that Bitcoin will rise in price.I find it positively adorable how people who oppose something without any real argument against what they are opposing find it sufficient to append the suffix "tard" to their opponent in order to defeat them.Doesn't work that way, cupcake.

In reply to by aloha_snakbar

Mango327 Thu, 12/07/2017 - 10:32 Permalink

So cute how all the Stock guys call Gold a useless mineral that does nothing, Goldbugs call BTC a useless token that does nothing. Crypto devotees call USD a useless piece of paper that does nothing. Round and round we go, to the moon!!!

Honest Sam Thu, 12/07/2017 - 11:08 Permalink

What I would give in limbs and dignity, to be called a complete and total fool, cryptard, or other jiggy epithet to have bought, with my go-to-hell fund in 2009, betting it all on the completely insane, foolish, screwball, notion of an ether based, 0 and 1 thingie, called Bitcoin. I think if it had a more sophisticated name, that gave it gravitas, I would have succumbed.  

aardvarkk Honest Sam Thu, 12/07/2017 - 15:53 Permalink

I would have plowed every cent I had into it.  I'm ashamed of the comments I made to Fonestar (even if my comments were far from the WORST that were directed toward him in this venue).  Dude was right.  But at least I wised up before the current shot to the stratosphere.  At least I get to ride PART of the tornado.

In reply to by Honest Sam

douglas Thu, 12/07/2017 - 11:17 Permalink

Since 2013... In fact I was one of the few that partialy agreed with fonestar (was that his knick? ). I´ve converted profits to physical Gold & Silver and even foreign real estate so many times along the way (I now have MANY times what I had 4 years ago)...  Yet no matter what I do to keep BTC at no more than 25% of my portfolio (when I started my target was only 2%), it rises so quickly that it´s become an almost imposible task...  I´m excited, yet I´m nervous and even scared...  I´m no longer sure of what to do... What a shame this did not happen when I was 20 instead of 50...

adr Thu, 12/07/2017 - 11:18 Permalink

Wow, gold lost $50.It was just over $200 when I bought $2000 worth. Have you ever seen the normal Magic the Gathering card player?That was your Bitcoin investor prior to 2013. Some guy traded 10000 Bitcoin for a single game card in the early days. I hope he became the envy of the basement fold up table with that purchase because imagine what $160 million would have bought.

aardvarkk JibjeResearch Thu, 12/07/2017 - 15:47 Permalink

Gold WILL outlast any cryptocurrency, just as it's outlasted anything else.However, right now, CCs are hot, and I'm the type of person who is willing to chase that.  I have PMs, but I have more in Bitcoin at the moment, and win or lose, I'm glad I do.This Bitcoin ride reminds me a lot of the 2016 election with all the ups and downs.  If in the end it turns out as gloriously as that election did, I will retire independently wealthy into the Caribbean, never to be heard from again.

In reply to by JibjeResearch

mvenalli Thu, 12/07/2017 - 16:51 Permalink

cliff high bots buying 6 figure RVs on youtube hhaha theyr not hanging on i got news for you; putting aside the hacks; whats the current % of major holders vs the rest? no one knoooowwws.... but we do know that%  before korea/japan/china opened up...  

AyatollahOfRoc… Thu, 12/07/2017 - 18:29 Permalink

I find it interesting that many of the folks who believe the Deep State monitors all communications and basically controls our culture through subterfuge and manipulation also believe that Bitcoin and other "crypto-currencies" are beyond the reach of that same Deep State.  I'll just keep stacking physical gold.