Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive... and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here |
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you spend most of your time on this sub-forum and most of your posts are in this thread, and most of thing comes out your keyboard is only trashing people when they try to observe the price movements, it is cool when they say CCMF, but you trash them when they say they think there will be a drop !!!!
the title of this thread is Wall Observer BTC/USD - Bitcoin price movement tracking & discussion so if you don't like both price arguments go spend your time on something that is really helpful for the eco-system.
I think what really gets to you is that I'm almost always right. It must burn you that a permabull can eat your lunch even in a bear market. It's ok. I don't take it personally. Someone has to be on the losing end of the trade ;-)  now look to this chart, this will explain to you how traders change their postions from bearish to bullish and make some profit (1h chart BTW) and look at this (3d chart BTW) what is Hard to understand here ? there is nothing personal when tracking the price and try to make some profit of it, you are the only one taking things personally here. |
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My dad bought at $31/BTC in 2011 and held. Was that a bad move and if not, Why is holding coins bought at $1000 a bad move?
The ONLY way you're gonna lose money is by selling below your buy price. The ONLY way you're gonna lose is by listening to assholes who are telling you to cut losses.
And what about the assholes telling everyone to hold at $1000 when we have seen prices half of that? Assholes like you, for example? The next few days when the price will drop dramatically I will see what these people will say, just try to play it safe.... Prices plummeted to $3 in 2011 and those who held still are looking really good now. This is Bitcoin. Prices fluctuate and only those with the discipline to hold will keep their coins. If you can't just sit their while your portfolio loses value, then BUY MOAR. Thinking in terms of days is not a good idea. Nobody who has owned bitcoin less than a year has any business day trading. You don't know the market. I recommend two years. Until then, buy and hold. where were you since 2011 ? and BTW I will add this: I do not only speculate about Bitcoin price but I also help push the infrastructure by doing helpful stuff that you may not know about me...so I will advise your smart ass to go do something helpful rather than bitching on this thread, now that we all know you are a Hodler stop spamming this thread with nonsense... Who's bitching? Are you having a bad day? You seem kinda grumpy.  you spend most of your time on this sub-forum and most of your posts are in this thread, and most of things tha comes out your keyboard are only trashing people when they try to observe the price movements, it is cool when they say CCMF, but you trash them when they say they think there will be a drop !!!! the title of this thread is Wall Observer BTC/USD - Bitcoin price movement tracking & discussion so if you don't like both price arguments go spend your time on something that is really helpful for the eco-system. |
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My dad bought at $31/BTC in 2011 and held. Was that a bad move and if not, Why is holding coins bought at $1000 a bad move?
The ONLY way you're gonna lose money is by selling below your buy price. The ONLY way you're gonna lose is by listening to assholes who are telling you to cut losses.
And what about the assholes telling everyone to hold at $1000 when we have seen prices half of that? Assholes like you, for example? The next few days when the price will drop dramatically I will see what these people will say, just try to play it safe.... Prices plummeted to $3 in 2011 and those who held still are looking really good now. This is Bitcoin. Prices fluctuate and only those with the discipline to hold will keep their coins. If you can't just sit their while your portfolio loses value, then BUY MOAR. Thinking in terms of days is not a good idea. Nobody who has owned bitcoin less than a year has any business day trading. You don't know the market. I recommend two years. Until then, buy and hold. where were you since 2011 ? and BTW I will add this: I do not only speculate about Bitcoin price but I also help push the infrastructure by doing helpful stuff that you may not know about me...so I will advise your smart ass to go do something helpful rather than bitching on this thread, now that we all know you are a Hodler stop spamming this thread with nonsense... |
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My dad bought at $31/BTC in 2011 and held. Was that a bad move and if not, Why is holding coins bought at $1000 a bad move?
The ONLY way you're gonna lose money is by selling below your buy price. The ONLY way you're gonna lose is by listening to assholes who are telling you to cut losses.
And what about the assholes telling everyone to hold at $1000 when we have seen prices half of that? Assholes like you, for example? The next few days when the price will drop dramatically I will see what these people will say, just try to play it safe.... Of course it would be great to buy in at the best possible point in time from when you decide that hodling bitcoins makes sense. However calling people who bought in at 1k bagholders depends on your personal prediction of what bitcoin may achieve and your personal goals. If you are in it for the long term and don`t want to speculate and believe bitcoin can go beyond 10k then buying at 1k isn`t the end of the world. True, you could have gotten twice as many coins but then you are automatically moving towards the realm of speculation. Thats why dollar cost averaging makes sense. You don't go all in right away. I've also bought fractions of a BTC above 850USD and don't feel like a bag holder. I believe that it will eventually surpass that point once again. Yeah, i could try to sell and buy lower but then I'm speculating and knowing my limitations in regards to predicting any movements at all I'll most likely lose even more through classical "buy high sell low" moves. Sorry, I think there is a general misunderstanding, buying and holding Bitcoin was proved to be a great deal for investors since 2009, nevertheless coming to this thread and saying buying and holding is the best choice is nonsense, like we don't know that. To remind some of you here, this is the Speculation Sub-forum, we come here to speculate about price movements, posting here makes you automatically a speculator and there is nothing wrong with that, I am a long term bull, but this doesn't mean I have to be bullish short term, I would like to increase my holdings and I am aware of the risks, I could miss the opportunity and this is why you never go 100% FIAT . And to tell me that I have to be 100% Bullish/bearish everyday is just stupid, look at the chart... there is ups and downs, the market is in bullish move you sell, the market is in a bearish move you buy, how hard is this for you to understand ? now calling Tops and bottoms is hard and its an art which I try to understand. One last thing, dont forget that some people do this for a living so stop telling us about how holding a $1000 coin will bring you $9000 profit when we hit $10K, until then some people need to put food on their tables. |
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My dad bought at $31/BTC in 2011 and held. Was that a bad move and if not, Why is holding coins bought at $1000 a bad move?
The ONLY way you're gonna lose money is by selling below your buy price. The ONLY way you're gonna lose is by listening to assholes who are telling you to cut losses.
And what about the assholes telling everyone to hold at $1000 when we have seen prices half of that? Assholes like you, for example? The next few days when the price will drop dramatically I will see what these people will say, just try to play it safe.... |
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there is also someone from Slovenia reported about receiving his First miner of many he ordered and when asked, he said this one was for free as a compensation.. link to the facebook Group page https://www.facebook.com/groups/623945517630985/   |
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Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this? something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop. only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit..  |
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This +1. Let's do another exercise to reinforce the point. B.MINE is another major mining stock on Havelock. It acts like a 5 GH/s mining bond. It is trading at .062. 5 GH/s = .062BTC 8.7 GH/s = X = (.062/5)*8.7 = .108 BTC/Share of PETA Note, this valuation is EXTREMELY CONSERVATIVE b/c B.MINE has absolutely NO reinvestment. I think .17 is a more realistic value. This stock is hela undervalued. But please, keep selling and trolling to scare the price down. Please, for me  I made my points, and I wont discuss this further...it is not like I am forcing anything and BTW I didn't suggest that anyone sell, it is your money and you will do whatever is right for you. and I am done here... good luck |
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what is there to discuss? a share was trading for .065 btc for 2.88 ghs. this instantly became 8.68.
price per ghs @ .065 (2.88 ghs per share) = 0.02256 btc/ghs, which is on par with available cloud mining offerings (this offering is essentially commodified ghs)
price per ghs @ .065 (8.68 per share) = 0.00748 btc/ghs, which is pre order prices for physical hardware, and un-fucking heard of for commodified hashing
so why wouldnt the share price adjust to the same ratio?
8.68 x .02256 = .1958 btc per share
this is what people were paying before.
lets use another metric... lowest cloud mined ghs price = .018 at bit-mining.co
that would make the hashing capacity represented by a share of PETA = .1562 btc per share (market price x capacity)
so .1562 or .1958
this asset is currently undervalued
am i making a fundamental error or failing to see something that is obvious? im dead serious.
~Green
please guys, if im not understanding this (this is what i am basing my max buy price/exit price on) provide clarification.
wow people you blow me really off with your math, price of 2.4 GH/s was set to start mining at 01.01.2014 at 0.05 BTC, and today is ? got it ? in mid April you should have 8.68GH/s anyways if the mining started as it was projected, the worst thing is because of Cointerra and Bitmine delay you lost the 2 months income....don't let greed become your only logic... Edit: I am not saying the share price cant reach 0.1 or 0.2 but seriously now at 0.1 ? why? mining didnt fully start yet, and as I understood from their statment there wont be any hardware for sell so no income from that... |
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From that, I understand that the new base point now is 700TH. Of course it won't be tomorrow, it will be require time (the same way it would have required time rising to the old 230TH). What I mean, is that in those tables you showed to me before, the "start point" was 150-240TH, and all the investment calculations were made over that amount... Now the start point is going to be 700TH, and higher hash-rates will be deployed with investment. That's why now we have a 8.68TH/s per share as base point. If CryptX was referring to those 700TH scheduled on April on the chart instead of a new 700TH Starting point, don't you think that this note would be pointless? It's clearly a big boost on hash-per-share, and it's clearly good!
Of course, I'm the first interested in knowing the schedule of that 700TH as you are, and would be nice to know how is that achieved with no new funds; but it's good news!
how should I put that for you.... you just confirmed what I was saying over and over and all over again.... yes they will deploy that 700 TH and you will have 8.68 GH/s per share but it will take time, so it will be full online middle April, wasnt that already projected for April ? except that beside that being projected you lost all the income for 2 months... got it now ? now you can go buy more shares for 0.12 BTC lets say no, he will deploy it mid march, ok cool it doesnt make a difference, you still lost 2 months of income and he is just trying to boost things up to compensate you, but 0.1 share price is just insane, it proves that people don't think for a single moment and cant do math. |
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I love how people try to slow down the rise of price in PETA shares, which is reacting to a clearly bullish scenario.
The fact is simple, don't try to confuse people: we were supposed to have a mining start point of 230TH. Now we are going to have a start point of 700TH and a 2% of the network. How CryptX achieved this? Explaining it is up to him; maybe he got better deals due to delays, maybe he got a loan, who knows.
But some thing is clear: if everything was great with 230TH and you were ok with a share price of 0.7, this news only can bring the share price higher: we are going to have a higher hashing power for each share, 8.68GH/s
That's it. And that's why share price is going up... Do the maths with those new 700TH and its dividends compared to old 230TH, and you will get it.
for sure the price will go up, maybe 0.2 ? or 0.3 ? who knows, and you will have 8.68GH/s per share, but when ? for sure not tomorrow and for sure not after 1 month and for sure not before 2 months.... people start acting this way when profit makes them blind. I am just discussing the subject here and have no intention to manipulate or slow the share price, I am just trying to understand the whole thing, and maybe having a time schedule for that 8.68 GH/s would help us all understand and save the gibberish talk here.
EDIT: Don't confuse these new 700TH announced, with the old planned and scheduled addition of TH with investments, as the table says. Those 700TH are going to be the start point; investment is supposed to increase them even more, allowing us to maintain the % of hashing more time.
where did you see that ? I maybe missed it ? starting with 700 TH ? when ? how ? EDIT: you know what, I give up, let cryptx answer these questions, as long as I know no one knows about his plan, so let him share it with us if he is ok with it. |
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what I really cant get out of my head is the Gox situation, when it is all over and supposedly they will really fix their problems we will see an interesting couple of weeks, the last 10 days have been crazy, hundred thousands of Coins were traded there, if we assume 60% of the coins will be held and only 40% will be sold on other exchanges, this will bring the price to the knees...
I am somehow still confident about the price will dropping but still cant figure out how low to put my orders, 350,400,450,480 ? how low the price will drop is the question now...
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Every time one of these stocks jump in price, someone works overtime trying to cool the rush. Your tactics are tired and transparent mmitch. If you really think cryptx is going to sell shares at less than half of market you are dilusional.
well maybe I am... good luck |
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This project had many ipos already: first at 0.06, then 0.065, last one at 0.05.
Terms are, CryptiX can sell remining shares at any time, at any price. Why at lower than market would buy?
mmmm ok, lets wait and see how will things develop... meanwhile I will watch the hardware deployment |
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Most unlikely at 0.05, but rather somewhere in line with new market price at that time.
this would be strange.... in other word I didnt see this happen with IPOs before, let me explain, imagine that I have an IPO with 1000 share, I sell 500 and take down the other 500 and issue a statement t share holders that I still hold all rights on these 500, ok cool... so then I start trading against share holders to bring the price up to double maybe triple, then I tell the share holders now we need more funds so we will open the IPO again and set the price 3 times higher..... you see the outcome of this ? I don't know about any case of IPO shares being put on market again for more than their original value, at least if you know about any case point it out to me... |
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Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE! We are confident that this is the extra push the PETAMINE needs to really excel! You can find the confirmed deployment schedule below.
CryptX will remain the right to IPO the remaining 19,326 shares at an equal hashrate per share at the time of the IPO, so no dilution is possible. This enables us to give the PETAMINE an extra boost of minimum 170 TH/s. As is plainly relayed in the press release, the additional sales will provide additional hashrate. In fact, because of the increase in share price, the amount of hardware he will be able to buy assuming all additional IPO shares sell will most likely be considerably higher than 170 additional TH. The amount of shares sold doesn't cause dilution to existing share holders as any additional shares sold will in turn result in an equivalent amount of hash power being added to the mine. the point is: 806xx share sold at 0.05 which accumulate around 4000+ BTC, this is the capital of this operation and not the one you see now, the current share price represent the market Cap and not the capital of the operation. so the question is how to deliver 700 TH with the funds that supposed to deliver only 240 TH if all the 100K shares were sold and less for 80K share, not to mention that this operation didn't start in full capacity yet, so the 2 months revenue that supposed to help achieving this goal are lost. in addition, if the IPO shares will be sold, the price will most likely be 0.05, so after this press release I don't understand why people don't wait for the IPO shares, because by that they will be helping the operation to grow, buying now at 0.1xx is not helping the operation but is filling someone else pocket before even a single dividend was even paid. and of course, if they sell the additional IPO shares this doesnt mean that other holders will have less income or will lose value or speed. Edit: I did PM cryptx asking about the IPO shares and more details and if there is an ETA about that, I may be interested in buying some if the conditions are more clear to me. |
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which brings me to this, people who really care about this operation and want to help it grow and succeed should stop buying now and wait for the IPO shares, this is the only way you help Cryptx to give PETA a boost.
just my opinion, I wouldn't buy now if I wanted to go back onboard, I would consider buying only the IPO shares.
But... Who cares +170Th if they are proportionally divided into those new shares that are thrown to the market? You will have the same Hash per share, not more. Because more hash, implies more shares. (That's what I've understood... correct me if I'm wrong) Anyway, yesterday we were happy with 230TH, and today, that we know that it will be 700TH... someone complains about a boost of +170TH?  I am trying to get around this but I still don't understand, so ok lets go to the data sheet again.  so by now for the 100K shares (and yes I said 100K for the best case scenario) you should have 400 TH and 1905 BTC already mined which equal to circa 0.019 BTC/share dividends, also you should have around +1000 BTC for reinvestment, this is of course lost income because of Cointerra and Bitmine delays. now the second mark show that the 700 should be deployed some when in April if everything went like it was planned, even with Cryptx doing his best now, this 700 TH announced today wont be deployed at least for couple of months, add to that the hardware that you are still waiting for from Bitmine will take around 3-4 weeks to be fully deployed. so this bring us to the question, in order to ramp up and boost the operation and make up for the lost income, he has to get the funds somewhere, and I guess this is why he wrote about the IPO shares and the additional 170 TH, otherwise I would be more than thankful if someone can explain to me how to deploy that 700 TH without funds ? |
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which brings me to this, people who really care about this operation and want to help it grow and succeed should stop buying now and wait for the IPO shares, this is the only way you help Cryptx to give PETA a boost.
just my opinion, I wouldn't buy now if I wanted to go back onboard, I would consider buying only the IPO shares.
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CryptX will remain the right to IPO the remaining 19,326 shares at an equal hashrate per share at the time of the IPO, so no dilution is possible. This enables us to give the PETAMINE an extra boost of minimum 170 TH/s. yet, this is really interesting, as I understood, to add the additional 170 TH, they will have to sell the remaining shares, maybe a to a private share holders or partner? or put them back in havelockinvestments ? It goes like this - they have the right to sell those remaining shares, but then they have to add aditional hashrate, at min 170th, or equal hashrate per share as at the time of that new ipo. nope, I think you didn't understand the statement good, or at least I did understand it like that: the shares when sold will help to boost the operation with 170TH, otherwise how will you reach the 700 TH ? at an equal hashrate per share at the time of the IPO |
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