All posts made by Mk2vr6 in Bitcointalk.org's Wall Observer thread



1. Post 5272122 (copy this link) (by Mk2vr6) (scraped on 2020-04-04_Sat_12.14h):

Quote from: humanitee on February 21, 2014, 01:14:27 AM
Twas the night before Goxxing, when all through Mark's house
Not a feature was working, not even Mark's mouse
The bitcoin were slung through trades with despair,
In hopes that St. Solvency soon would be there

The miners were slowing and profits were dead,
While visions of sugar-drinks danced in his head.
The llama they call Proudhon, and I in my cap,
Had long since forgotten the exchange that was crap.

When out from Mt. Gox there arose such a smatter,
I clicked on the link to see what was the matter.
Away from that window I clicked in a flash,
More opened and cluttered the further it crashed.

The doom on the boards from the new-fallen low
Gave the FUDsters some ammo with which they could sow.
When, with much thundering pain should appear,
But a bouncing blue ball, and a chap in headgear.

With a riddled fat rider, so ugly and sick
I knew in two seconds this guy was a dick.
Less rapid than sloth his announcements they came,
And he whistled, and shouted, and then bitcoin he blamed!

"Now, asshole! now, cancer! now answer and quicken!
Go, stop it! You're putrid! go, go ponder and fix it!
To the site you must lurch! you should stop with the stall!
Now bounce away! Bounce away! Bounce away ball!"

As dry leaves that before the wild hurricane fly,
When they meet with an obstacle, mount to the sky.
So up to the exchange the ball he did move,
With a mind full of ploys, and some syphilis too.

And then, with no thinking, he said quite aloof
His address was changing to a virtual roof.
As I saw what he said, and was browsing around,
The price just kept moving faster and further down.

They weren't impressed that's for sure, with this end to their loot,
The masses pressed onward, the response was quite moot.
A wallet of coins he had flung out the back,
He was leaving forever, he had had already packed.

His drinks-they were sprinkled! his pimples how cherry!
His face in weird poses, his complexion quite scary!
His droll little mouth was drawn up like a bow,
And the fat of his belly hid his penis below.

The stump of a drive he held tight in his teeth,
And I heard all the bitcoins cry out for relief!
He had a broad face and a giant round belly,
That shook when he sneered, like a bowlful of jelly!

He was a chubby chump, with a magic card shelf,
And I laughed when I learned it, in spite of myself!
A wink of his eye and a twist of his head,
Soon had me wondering if bitcoin was dead.

He spoke of goxbux, PHP - that would work!
And filled all the accounts, then turned with a jerk.
And laying a cheek aside of his ball,
And giving a nod, out the exchange he hauled!

He bounced down the street, and his katana glistened,
I told you stupid fuckers, you all should have listened.
But I heard him exclaim, as he bounced out of site,
"Happy Goxxing to all", and "you've all been fucked right!"



Absolutely brilliant.

I had to requote the whole thing for those that missed it.



2. Post 6275077 (copy this link) (by Mk2vr6) (scraped on 2020-04-04_Sat_12.39h):

Quote from: octaft on April 18, 2014, 01:27:30 AM
I know, it's just so simple & effective to forget about it & hodl for years.

 ..

 ..But, I don't have years. I already spent 9 years (I'm still in 20's so it's mostly fine) losing money to a not-so-expensive-but-still 'variable-rate' learn-the-hard-way tuition fee. I need to make each slice of $$ within days, maybe weeks at most, not months nor years. And I'm not the only one. It's just difficult, not impossible. Some are making it.

 And +, there's always that half of my capital that's sitting in low-priced alts for long-term. That's a sufficient hedge against any trading loss.

People are going to speak in certainties to you here. Remember this: nothing is certain. If you dump in now, you could wind up wealthy in a few years, or you could wind up deeply in the hole never to return if this whole thing turns out to be one huge bubble in the process of popping. If you disappear for a few years and come back, you could find that you were wealthy for a while, but then bitcoin got destroyed. Then again, you could find bitcoin at $2500 and be up a nice chunk. Who knows? The point is, again, nothing is certain. Take any advice that guarantees something, such as "bitcoin to single digits," or "bitcoin to $100,000 within 2 years," with a grain of salt and a lot of skepticism.

Others will talk up their position, screaming bitcoin is dead or bitcoin to da moon based on their position.

I've got to tell you, though. You seem desperate. If you're desperately hoping for a ton of money to fall in your lap in a couple of weeks, that leaves you vulnerable to panic buying when you see it going up. You also seem kind of poor, which means if you over-invest, you will be very vulnerable to panic selling. All of this equates to a personality that is very likely to buy high and sell low. Now is not the time to be investing in bitcoin to get rich quick, that time was at $5. People investing now will need to work to make money, although there's a lot of fish in this pond relative to other markets, so if you get skilled, you can presumably make a killing. I can tell from your posts that you are very unlikely to be skilled, so be careful.

I've found the best time to buy is when everyone else is crying that the price is never going to recover, and every rise is met with cynicism and "bull trap!" The best time to sell is when every drop is met with "bear trap!" and equal amounts of cynicism in the other direction. The first means everyone is out and hoping the price will drop, the second means everyone is in and hoping the price will rise. When there's a mix, that's too risky for me. I don't like making quick trades, I just go for the big ones. I start my buying when the price is getting obliterated, and sell on the way up. The speed at which I sell depends on whether I think we're in a downtrend or uptrend. Uptrends I tend to let it go more, downtrends I try to get out quickly and be more conservative.

And don't ever short bitcoin, and never use leverage. You don't sound like you can afford to do either. There are even some people who are seemingly bears all the time who think shorting is dumb, probably from getting banged hard for doing so at some point.

Learn TA. There are people who hate on it, but I disagree. Spend your time learning how to read charts, and always take your own path. Do not buy or sell simply because someone that seems respectable tells you to. You're probably not skilled enough to be a good judge of who to trust. You can use the posts of others as confirmation of something you're already feeling strongly about, but don't take anybody's word for it without putting in the time educating yourself before you take a position.

If you want to day trade, you've got to educate yourself, and learn to control your emotions. If you don't do that before you start getting into the thick of it, you will almost certainly get destroyed if you don't luck out. Don't rely on luck, luck is for lottery players. Put in the work, and you might just be able to reap the rewards.


Killer post.

Should be made a sticky in the Newbies section.