sidhujag
Legendary
*
Offline Offline

Activity: 2044
Merit: 1004


View Profile Personal Message (Offline)

Ignore
October 08, 2014, 07:21:16 PM

Those "1 QUADRILLION!!! btc" bets are so off-putting. Last one that I remember that completely failed was  something between rpietila and windjc, iirc.

Point is, with a stake that high (even for the "big holders"), it never comes to fruition. Take a hint from the regular money rich dudes: when they make a public bet, it's in a reasonable range: cigars worth a few thousand dollars. 10k to a charity. Stuff like that. They don't always need to flash 25% of their net worth to make a bet.

Hence my suggestion: if you want to call someone out on a statement, in the form of a bet, make it in the range of a few k USD. 5 BTC. 10 maybe. It's enough to make your point, looks good, and most importantly: it's not so bloated an amount that it never will be taken up.

/rant

I always believed that anyone sitting constantly watching this thread and trying to predict movement was playing with a lot of coin. It hardly seems worth it to me if your not.

I'm not watching this thread like you make it out to seem.. I came on here based on my analysis to provide what I thought was going to happen based on the charts I saw... which I check maybe once or twice a day. I genuinely am not trying to scare people off to sell or whatnot so I can buy cheaper I  try to say what I think the truth is. I hold coins and never sold 1 although my average buy in price is much lower.

That's exactly what I thought you were trying to do. Scare people off.

I know you thought that based on your reply to me and that's why I'm telling you that. Anyways no point to call people out with something you can't back up either... contrary to what you may think the market is not totally random.. although mathematicians claimed to have proven it so, I've been around long enough to see that they aren't... money management is HARDER than trying to predict direction which you can train to determine with an edge... and an edge of 1% is sufficient to make any amount of money you like over time, but the balls to put money where you mouth is harder than anything else.. so essentially if I get odds based on what I believe is the direction then why wouldn't I be prepared to bet on it? We can do a smaller amount if you would like.
I don't think it takes anything special to be a gambler. But all the negative - it's gonna drop really low is keeping it down. A lot of people read this silly thread and don't post and take the advice of people that really don't know what's going to happen.

Oh it does take something special.. it takes atleast 10k hours just like any other profession. Anything less and you are just that.. a gambler not a trader/investor. Most ppl give up.... and I prefer long term valuations instead of trading because I don't have the time to devote to watch swing positions and be mentally prepared for shifting sentiment.