oda.krell
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April 10, 2014, 01:03:08 AM

There are many ways to manipulate a market, but the ultimate enemy of a manipulator is time. If you have the patience, price will always return to it's real value. If it doesn't return ,then by definition it's not manipulation.

What really worries me is the talk of the bulls on this thread. http://en.wikipedia.org/wiki/Sunk_costs.  The sunken cost fallacy is a real observed market phenomenon.
Most of you have not had to hold an underwater bitcoin position for years. I have. It was not a smart thing to do. It was an act of faith. How strong is your bitcoin faith? The market will test you.

Bitcoin isn't dead. Not even close, but if you don't think it's even possible to get much much worse before it gets better, then I can assure you it can. With all the talk about Gox and China, what worries me is if some other completely unrelated disaster happens before we've recovered. Bad guys don't play fair. They will kick you when you're down. They are out there. I'm intentionally being discouraging right now. It's better to get out now if you're going to get out than to hold on until you can't hold on any longer.  Bitcoin doesn't need you to go broke for the cause. Honey Badger don't care.
If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month.
Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others

Are waitresses beggars? If you like what you read, feel free to tip or not. Such hostility. Must have hit a nerve. If I acted like a responsible person, I wouldn't have tens of thousands of dollars in my trading account. I thought I explained that. You are correct that it's an ultra high risk venture and my advice is worth what you paid for it. I'm just a guy with a point of view worth no more or less than any given other. Peace, Bro.

So, what's your position (in total, I mean) these days, if you don't mind the question? Less than 50% of total USD value in BTC, or more?