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1881  Economy / Speculation / Re: $10,000 when? on: June 06, 2014, 07:51:23 PM
some time unicorns crossbreed with lebrachauns.
but seriously mate, if anyone knew there physcic powers alone would be worth a shitload.


We can speculate, try to apply reason to articulate the most likely consequences to the conditions we are seeing

That will never ever happen. It might go up to 5k but that's it.
Why 5k but not 10k?

People don't understand how it works; if the price was 1$ they would say it can go to 5$ not 10
Why?!

When I read 5000$ is possible but not 10,000$ it means they don't have a system or an idea how to value all bitcoins in circulation
Aha yeah I read your post too quickly, thought you were expressing your own opinion, haha.
My bad. Smiley

np
1882  Economy / Economics / Re: Worst bitcoin decision you've ever made? on: June 06, 2014, 07:50:11 PM
Not investing $2k when BTC was $2. Wife told me to go for it and I bought hardware instead.... Sad

Ok, but you made 100ish bitcoins still?

made 54 coins all up but spent them as I mined them on fuel, groceries, 1.5kW solar panel system, etc..

still have two of the GPUs, a Jally and adding some next gen hardware this week from the profits.

Did OK by turning $2K into ~$7K but it could have been $2K into $1M (buy $2K when $2/BTC for 1K BTCs then sell 1K BTCs @ $1K during peak for $1M)

Oh well...got some goodies out of it I suppose and now self renewing wallet / hardware

I am rather curious to what she said as BTC crossed 1k...  Rather unusual(nothing bad just diff from the norm!) that the wifeskie is telling the hubby to invest.

Hopefully she is still saying invest. BTC is still way undervalued.

People who sold in Nov-December and bought back a few months after almost double their bitcoins holdings!

It is very risky to do so, apparently R successfully did so : https://bitcointalk.org/index.php?topic=12156.new#new
1883  Other / Off-topic / Re: Answer the question above with a question. on: June 06, 2014, 07:48:47 PM
Will you answer no to this question?
how can answer no to that question if the rule here is to answer the question with a question?
Couldn't you simply break the rules?

Study a few of my posts and will you not learn the art of phrasing questions?
That wasn't my point, I was wondering why the thread rules have such a strong control over us?

Are you not capable of playing by the rules?
Clearly, you should be able to tell, haven't you noticed that I am in fact following them?

It would seem that I misunderstood you, did I not?

I don't know, did you?
Who will be the judge?

There will be no judge, right?
1884  Economy / Gambling / Re: LuckyBit - putting suspense back into gambling on: June 06, 2014, 07:48:26 PM
It would be nice to have a list of the biggest losers and amount bet each day

Someone lost 500BTC on JD today
1885  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 06, 2014, 07:47:31 PM
Are you following your own example plan or are you still day trading like earlier this year and late last year?

I have never been daytrading BTC. I sold in Nov-Dec and bought back in Feb, so my classification would be "swingtrading". Before and after that I had very little in exchanges. Of course as the price rises again, I'll have to figure out how to divest. I am open to suggestions from all lawful buyers who pay first, after the price crosses $3000.

Quote
I'm not against the plan you pose above, in fact I support it, but it is easier said than done when your motto is to diversify. Price upticks generally get people to sell.

Problem with people's natural instinct is that they sell in the meager upticks in the early part of the move and then don't sell when the price goes ballistic, which would be a good time to sell (with a plan).

Quote
All in all, people who keep their funds on exchanges to attempt to scalp the markets will likely end up losing purely based on the single biggest security issue with that type of method, 3rd party risk.

I also lost BTC250 with Mt.Gox, and I am not proud of it since it was a losign proposition to start with. But that was still only a fraction of my gains made by swingtrading last winter.

Wow you make my meager holdings look even more pitiful. I do not have the skills nor the psychological make up for day trading but would you be willing to explain swing trading a bit more? I understand if you don't want to share any secrets, but as someone that is all ready at a place I can only hope to reach one day anything you would be willing to share would be most welcome.

When Rpietila is talking about swing trading, he is referring to selling only on very large upwards price swings, and buying back at a lower point with those proceeds.

Even swing trading cannot be timed exactly, so for example Rpietila bought a lot of coins below $10 and below $100 (he claims to have more than 10K coins, which I have NO reason to doubt).  In November 2013, when the price spiked, beyond $600 per coins, Rptiela sold 2K coins (or something like that); however he regretted not waiting a bit longer.  In any event, when he began to sell at $600, BTC prices were well above the trend line, so it is really difficult to predict that the price is going to double again from there and so quickly.

Currently, the trend line is in dispute, and probably Rptiela will put the trend line in the $1200 or greater area, yet I am much more conservative, and I would put the trendline around $800 to $900.  In either case, if BTC prices quickly go into the $2,000 price arena, then neither of us disagrees that we are above the trendline, but each of us may conclude at a different point about when to sell and how much to sell.  Rptiela is NOT selling his whole stash, but only a percentage of it.. 10 to 20%.. and then hopefully buying back, but at the time of sale, he may have received much more than a 4-6x price growth. 

On the other hand, if prices only inch up for several months and even years, there may be some debate about whether the trendline has shifted or where exactly is the trendline, in order to know exactly when to swing trade.  Yet, if you hold a stash that has appreciated 4x or more, it would be prudent to rake some of those profits, and if your BTC stash has appreciated by 10x, you are in a much more solid position to take up to 20% of the stash as profits, and you would have taken out double what you had originally invested into it.



This swing trading is NOT typical day trading but still retains many of the prediction and analysis risks, but frequently, if you have bought fairly low and then there is a considerable appreciation in your BTC stash, then you can take various measures to take some of those profits and/or to reinvest some of those profits to increase your stash.  One problem with continuing to increase your stash and never taking profits is that if the asset goes completely belly up, then you will have NOTHING to show for all of the profits that you have made.  In that regard, it is very prudent to have a plan for taking profits.  My plan for taking profits begins at around the 4x level.... however, if I am paying some attention to BTC prices and movement and politics at the time that my stash reaches the 4x price range, then I may adjust  some of the specifics of my selling depending on what is going on in the BTC space at the time. 

Sometimes, it may be better to NOT engage at all (b/c any of us can easily predict wrongly b/c of the many factors including price manipulators), but just lay out a predetermined plan for taking out money at certain price points or to reinvest certain amounts of money at certain price points.









If you sell at 2000$ in a few months and the price goes to 4000$-5000$ soon after then has a correction back to 3000-3500$ and only goes up from there you will have lost a lot

R is very connected to the market and make big moves when he is sure of the move, he will still make mistakes but he has been making bitcoins that way, congratulations to him
1886  Other / Off-topic / Re: What is your Wish? on: June 06, 2014, 07:41:21 PM
I wish I have 1 million wish. Why? I want to wish for more.  Grin

You are the first on to a lot of members that answer the same thing Wink

To go back in time 20 years.

The curse that drives mortals insane
Immortality to explore the cosmos

Since technology is finally advancing being immortal before that would just suck after a few eons  Wink

If the technology is there in 20/30years a lot of us will be very old but hopefully rich enough to buy the almost-immortality
1887  Economy / Speculation / Re: Who sold below $550? The $400 bottom is in LOL!!!! on: June 06, 2014, 07:39:00 PM
I have read so many posts about people who sold below $500, now they seem to be disappeared,
I'm just holding long term and untill now I'm pretty happy with it.

Can you tell us your average buyin price?

If you bought pre Nov 2013 it must be pretty good

At what price would you sell some?
1888  Economy / Speculation / Re: Analysis never ends on: June 06, 2014, 07:37:59 PM
Support line still holding strong, indicating a 1.85% increase per day if it stays at the lower band.

At the current price that's about $12 per day



Having 10BTC means you could get 3600USD per month potentially tax free Wink
1889  Bitcoin / Mining speculation / Re: I have 3 Million USD to invest into Crypto Currency - How should I do it? on: June 06, 2014, 07:33:38 PM
May 8 2014 you created the thread, one BTC was 447$
Today it is 609$

Theoretically, if you had bought 3m$ worth of BTC on May 8 you would have made a paper profit of a cool 1,000,000$

And real if sold BTC.

Selling 5000BTC would move the price lower so he would have make less
1890  Economy / Gambling / Re: What is the best bitcoin casino? on: June 06, 2014, 07:32:36 PM
Someone who calls himself Theymos lost 500BTC on JD an hour ago, he must think JD is the best

Both JD and PD have 1% edge and able 200BTC bets
1891  Other / Beginners & Help / Re: How can I start earning Bitcoin ? on: June 06, 2014, 07:31:35 PM
I don't find faucets and giveaways an effective way to earn bitcoin. The best ways are to offer goods and services in exchange for bitcoin. Have anything you would normally flip on eBay or the like? Sell it here in the marketplace for some coin! Smiley

The most effective way is to sell something expensive or use your savings to buy some
1892  Local / Économie et spéculation / Re: Le bitcoin devrait remonter on: June 06, 2014, 07:31:01 PM
Le Bitcoin est le plus grand Pump&Dump coin


Pump en 4ans de 0 à près de 1000$? Avec des milliers de business Bitcoin, une immense communauté, une grande sécurité ect.
1893  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 06, 2014, 07:29:54 PM
The big players are waking up and making moves

A Bitcoin millionaire has been playing huge on JD and lost 500BTC an hour ago
1894  Economy / Speculation / Re: Who sold below $550? The $400 bottom is in LOL!!!! on: June 06, 2014, 02:32:55 PM
Lets see list of people who I read sold below 550
Veronica
Not sure who else did

There may has been as many buyers than sellers at sub550

661$ atm seems pretty low compared to an inflated USD totally overvalued and the potential of the Bitcoin protocol
1895  Economy / Gambling discussion / Re: Does martingale really works? on: June 06, 2014, 02:30:32 PM
I never tried it, but by using math I can tell you it will not work.

It can work for quite a long time if you're lucky enough.  If you keep doing it long enough you'll lose, just like with any other strategy.  But you can't say it will never work.

If you want to gamble you may be better of making an educated guess on stocks or commodities and either long or short them. This will give you much better odds than gambling.

I'm not sure that's true.  When you take into account the fees that your broker takes, and the fact that you're effectively competing against people with inside knowledge, you might find that you get better odds playing at a low edge casino than taking on the sharks at the stock exchange.  I would say that for an inexperienced player the odds are worse picking stocks than they are rolling dice.

But you said "educated".  In that case it depends what kind of education you have.  If you know which stock is about to move where, then sure...

I think you are totally right for day trading or even monthly trading but if you pick a few high dividend stocks and hold them being able to get compounded interests and low or no taxes on your earnings you can get easily a positive expected return
1896  Local / Actualité et News / Re: Monoprix et le BTC on: June 06, 2014, 02:27:40 PM
Le groupe Casino envisage Wall Street pour sa filiere d'e-commerce !

Et apparemment Monoprix, faisant partit du groupe Casino, envisage d'accepter le BTC comme paiement pour sa filiale e-commerce .....

http://www.latribune.fr/entreprises-finance/services/distribution/20140605trib000833562/casino-demande-l-entree-a-wall-street-de-sa-filiale-d-e-commerce.html


Impressionnant.
Le secteur du commerce (en France et dans de nombreux pays dans le monde) étant très concurrentiel, ça promet pour l'avenir...



Si Monoprix le fait, je pense que la popularité du bitcoin en France va monter en fléche. Smiley
À l'échelle de l'écosystème Bitcoin mondial, ca restera une goutte d'eau, mais au niveau français, ca propulsera considérablement l'adoption du Bitcoin dans les chaumières oui  Smiley

La France n'est pas le monde mais une dizaine d'initiatives de ce genre peut créer un élan positif
1897  Economy / Investor-based games / Re: Fucking Ponzi's and the idiots that buy into them + List of Shills on: June 06, 2014, 02:24:58 PM
Ponzi.s seem not to be present as much as they use to

ED seem to have stole tens of bitcoins so any new Bitcoin website is a threat

by that logic every person is a potential murderer and rapist.

Now lets employee some good common sense and realize:

New casinos have to earn their trust, people blindly investing in an unknown...... are not much brighter than those investing ponzi imho.


That is what I was saying

When someone set up an anonymous working dice site and say send me money in hope of a return and that i am not a sc.ammer it is very risky
1898  Other / Beginners & Help / Re: How can I start earning Bitcoin ? on: June 06, 2014, 02:23:44 PM
I have tried faucets but they are useless and slow.


Invest and wait,

Thanks

But it will be a very long wait

Now, the price is ~$660.
One month ago, the price was ~$430
One year ago, the price was ~$120
Two years ago, the price was ~$5.4


A year after the price will be doubled?
Nobody can say for sure. We just know it's a violate nature deciding the value. It might double, it might fall a few hundred, and it might rise again to 10x it's latest value. Speculation, you know.

If you believe in Bitcoin, it is reasonable to buy/get some and wait to make a profit Wink

Bitcoin is useful and solve so many problems that some think it could reach a valuation in the tens of billions within 5years
1899  Economy / Speculation / Re: $10,000 when? on: June 06, 2014, 02:19:20 PM
That will never ever happen. It might go up to 5k but that's it.
Why 5k but not 10k?

People don't understand how it works; if the price was 1$ they would say it can go to 5$ not 10
Why?!

When I read 5000$ is possible but not 10,000$ it means they don't have a system or an idea how to value all bitcoins in circulation
1900  Economy / Gambling / Re: What is the best bitcoin casino? on: June 06, 2014, 02:17:39 PM
Yes PrimeDice must be the best around : safe, fast and it offers 1000satoshis/minute or 10,000satoshis/minute for an hour once in a while!

PrimeDice is the most reliable one, having been around for more than a year now, with excellent reputation. But they are more of a dice site rather than a full-fledged Casino.
Yup, that's why I didn't write it from the start, don't think that's what OP was looking for. Smiley

He asked the question in November 2012 so he probably found a shoe to his feet but the thread is still read by newbies looking for some action

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