When is the next big crash incoming since now we are at AATH?
Sometime between now and $10k. |
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look im just saying, the only reason why people think btc can go to $10000 is because if enough people start using it so much that it becomes accepted everywhere, such that the only reason why it would be worth $10000 per BTC is because fiat would become essentially redundant or worthless. With another huge Chinese company, especially a state owned one, shows that this can happen sooner than people expect. basically fuck the speculators, fuck the greedy assholes that think it can just be a get rich quick scheme and dont fully understand btc. The move to $10000 is irrelevant of them. what will get us to $10000 is real people converting their fiat because btc is better (ps i know this has been said before but your comment suggests that you dont understand the way to $10000) Utter shite. If gold can be worth 7 trillion without anyone spending it, Bitcoin can be worth 500 billion without anyone spending it. Repeat after me. Bitcoin is a new asset class. mate if you are such a bear and have no hope for btc then why are you even here I can't figure out who you are talking to. Both people you quoted made bullish statements. |
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All you guys that sell. Get ready to pay 40% income tax in april. IRS dont f%ck around!!!!!!
i believe it's 15% if you've held them for over a year. I believe it depends on what country you are in, how much you cash out, how long you've held them, and how much other income you earn in the year. There is no blanket percentage for everyone. |
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That's kind of late... I still wana be in my 20s and single when i become a wealthy elite  That's a great recipe for being poor and full of crazy stories in your 30's... Lol |
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$1,300 -> $10,000 is a ~670% increase and really would not be such an insane jump for a four month period.
I'm more interested in whether or not there will be a price correction so steep that money stops coming in for a while, like in 2011/April of this year.
Since history tends to repeat itself, I think you know what I expect. Also from 1,000,000 to 2,000,000 it's a 100% increase but to get there price would have to go like what, about $5 per minute non-stop for 4 months. But $5 is 0.0005% of $1,000,000 so by the time we hit that price the spread for a small trader on Gox will be 2*0.6% or $12,000. This only shows 0.6% is unsustainable for future trades  Hey, you pay high fees and where are your money when you try to withdraw USD from MtGox  Price is irrelavent to how "sustainable" a percentage a based fee is. Most people won't be trading entire bitcoins if we ever reach that price. |
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MtGox being a USD black hole creates a situation where no one wants to sell their bitcoins there, because, why would you do that? No way to pull out dollars. This creates a huge BTC shortage on Gox, and more fuel for this bubble.
At this point, Mtgox is at $1200, and Btce is at $940. Market thinks goxbux are worth 75% of real dollars.
Um, btc-e has not been accepting bank deposits for about a week now, so btc-e bucks are overvalued. I'd be careful putting too much weight on that exchange's price, just like you should be careful with MtGox. |
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According to theory the value of Bitcoin is driven by supply and demand.
When one looks at the exchange rate of Bitcoin over the last little while it would appear that there is a shortage.
With this being said, what is causing the current shortage?:
1. People actually using it to buy and sell stuff so quickly that it appears as a shortage (velocity of money)
2. People holding on to Bitcoin as a hedge against Fiat currencies.
3. People strategically buying and selling Bitcoin hoping to make a ROI (speculation)
I am currently engaging in #2 and engaging in #1 is simply an eventuality however I am wondering about peoples thoughts on #3.
You seem to be assuming demand is constant and only looking at supply. IMO, demand has shifted quite a bit the past few months. |
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And the main problem is that the new miners are way too expensive with the risk of a centralisation of Bitcoin. Have you checked out Friedcats his new mining farm?
I love Wednesdays.  |
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So who was enough stupid to sell ?
i sold a bunch at 970, because of the strong resistance at ~1000  I sold all of my "liquid bitcoins" at 650 euros because I bought them for 630 and 650 was at that time an all time high, (just moment before the rise to 800 euro) I'm waiting for the inevitable drop to buy back some bitcoins before it will rise once again. I just refuse to believe there won't be a crash like 2011 or April, it just jumped from 900 dollar to 1200 almost overnight, peaks like that are usually followed by crashes. Good luck! |
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You said you're pretty expert in trading.. therefore you should know that, whatever one of us can tell you, it would be purely speculations.. no one knows!
Moreover the timeframe matters a lot: which is your horizon? A few days investment? Weeks? Years? In the latter case, every moment is good..
I'm far from an expert, and even very good people have a very tough time getting the timing right. Time frame: Good point, I should have mentioned it's long term. I don't care how long I have to hold, and I'm convinced it will either go to the sky or to 0. If it goes to the sky first, and then later to 0, that's bad for BC, but for my investment it's kind of ok too... So I have the feeling you are right, almost every moment is good, untill it goes to 0, it will go up, up, up... Buy as much as you can as soon as you have the money. Do not wait. Dollar cost averaging is not as efficient of a strategy. It is also a riskier strategy. Bitcoin has enough upside that you don't need to maximize risk to make a good return. Less risky strategies save you from bad decisions when there is a squeeze. |
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From my experience, ask yourself this: how much free time do you have and how much of that time are you willing to spend price checking and waiting for the "right" time to buy in?
After spending lots of time waiting I decided buy in a while ago and I can tell you it is a wonderful feeling to not have to keep checking for the right time to buy. Whether it goes up or down, you are only investing what you can afford to lose (right?) so you can simply sit back and enjoy the ride.
I think your approach is correct. Honestly, I stay in a cash position and buy in when I feel like trading - and then get out as quickly as possible. If there is a strong price drop, I will buy and hold. It's all good… having fun doing it. So you're not going to hold until you buy the top? |
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Isn't it weird that noone has any friends that are into bitcoins.  All of my close friends are into it. In fact, two of them have more than me now and one of those recently cashed out a small percent and quit his job. That small cash out gave him enough fiat for the next two years. |
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How did you calculate 75%?
Divide 3 by 4. |
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Dollar cost average
Bitcoin is wild, but you can always get a good price if you spread out your buys over a couple months.
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After many years of suffering I think I understand people finally, there are just a lot of assholes and bitches, especially among 'family', replace them with nice people and your life greatly improves!  +1 Life is too short for assholes and bitches. |
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Some people buying based on a weird belief that litecoin is cheap and bitcoin is expensive... I wonder what will happen when litecoin becomes expensive as well  Some of us will get rich.  Obviously but i 'm asking if there is a 3rd coin that people will move to after litecoin. NMC, XPM, NVC, TRC, PPC, ...and 100 others. Take your pick. I 'm asking if there is an obvious pick like litecoin was. No alt coin seems to stand out at the moment. If LTC was obvious, why don't you have more? More than what? More than i can afford? Your question doesn't even make sense So you went all in before the bubble? Good job. Why are you asking us about what to buy next? It seems like you know what you are doing. |
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The deep correction when we first hit $900 makes me feel this has a way to go yet. During previous run-ups, any correction has ended up looking fairly insignificant once the true magnitude of the exponential curve is revealed.
However, as with every run up before, I just can't see how we can possibly go much higher!!!? Which is how I felt at $10 on the way to $30, and then at $60 on the way to $266...
I'm not even sure what is real anymore.
Dit you take the blue or red pill ? I think the red, it was dark though... I keep seeing lots of green numbers fly past on clark moody, and I can't find a single spoon anywhere in the house! LOL |
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The Chinese are well known as savers. IMO, BTC will have an ultimate valuation of atleast 1 million USD/BTC. And the Chinese are more likely to hoard the coins and reach that goal. The West is more likely to be oblivious of BTC's true end valuation and will most likely sell the coins before they even reach their true potential. What this means is that in the end they will end up with more millionaires than us. Where do you think they will invest that money? In their home country of course. This will cause a huge economic shift in power that has enormous geopolitical implications.
Yep. They keep doing the right thing and it will pay off in the end. The west continues to spend beyond its means and will have to pay the piper eventually. |
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Some people buying based on a weird belief that litecoin is cheap and bitcoin is expensive... I wonder what will happen when litecoin becomes expensive as well Some of us will get rich. Obviously but i 'm asking if there is a 3rd coin that people will move to after litecoin. NMC, XPM, NVC, TRC, PPC, ...and 100 others. Take your pick. I 'm asking if there is an obvious pick like litecoin was. No alt coin seems to stand out at the moment. If LTC was obvious, why don't you have more? |
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