ITT: newb-traders  I'll have you know I am not a trader sir!  |
|
|
|
40k would be great. i just think for that to happen, we need more places that accepts them, so the average joe, can see a day to day use of them. and not just see them as something that will make them rich.
I think there use as a speculative vehicle will significantly outweigh their "intended use" for some time. I think this is an inevitable property of the way they are being introduced. There has to be a transfer of wealth (as an abstract concept, i.e. BTC have to become worth something in the minds of people) and for this to happen they must be valuable in terms of existing currency. This establishment of value is what will drive infrastructure growth. I think its a symbiotic relationship. It seems to be progressing ok imho. |
|
|
|
I remember sitting watch $5 for weeks on end, ready to pull the trigger just as soon is went back down under $3. Instead bitcoinica imploded taking my spare fiat with it. Zhoutonged! Then the price rallied to ~$9 which was obviously far too expensive! Fast forward to today and it all feels suspiciously similar. Yet here i sit, just as afraid to buy at $900 as I was at $9 so many months ago... So I take the chicken way out and just hodl. |
|
|
|
|
I think the next run up will be more like the one from $1->$32 I think the last two run ups were just growth spurts. I read $40k in another post and I though that sounded pretty reasonable...
|
|
|
|
|
I suspect people waiting for the dip are getting impatient or becoming fearful there may not be one. Emotion drives the marketplace, fear and greed are strong ones!
|
|
|
|
I thought it was some trollbox rumour.
Its not, the link is from fortune. It still essentially amounts to the same thing Fortune = Trollbox  Fortune talks book Trollbox talks book The only difference is the numbers might be bigger |
|
|
|
I thought it was some trollbox rumour.
Its not, the link is from fortune. It still essentially amounts to the same thing |
|
|
|
As I recall it was an uber optimistic $100 bottom he called. (So you can be fairly sure it will never go below twice that hehe) |
|
|
|
And if he really invested also in bitcoin, do you think he would tell anyone? I'd say it's a pretty big tell |
|
|
|
KnC Neptune draw 2.2kW at the Wall
at least here in Europe we have a 16A/3k6W limit per phase and fuse,
UK is in Europe. We have 30A per ring main, 13A per socket. There is 100A single phase to everyone's houses here. You could run two Neptunes per ring, and still have plenty of spare current for your normal stuff. My house has two rings (it's a small 3-bed of 1100sqft). So, I could run 4x Neptunes with plenty of power to spare. Your information is inaccurate. Yeah but the UK (and Ireland) are unique in having their own weird and wonderful domestic wiring - used nowhere else in the world. At least in the rest of Europe, thirty odd countries have managed to agree on a common standard. BS7671 would suggest otherwise... but I'll take weird and wonderful over barely adequate any day |
|
|
|
Feel sorry for the guys with knc miners right now thinking they will pay them self off
Do you at least have a clue about what you're talking? hehe. I was gonna post some serious comment about only needing to mine around 15 BTC to break even, but yours is much better  |
|
|
|
This might be a naive question but can you have CNY banking facilities outside of china. Why can't an exchange open on outside china that allows CNY trading, accepts CNY deposits/withdrawals (possibly through a payment processor also outside of china?)
Are you serious? because the Chinese government restrict any forex business against Yuan.... They control the exchange rate of their Yuan .... you must have lived under a rock. Well yeah i get they have capital controls, for yuan moving in and out of china. I was just kinda trying to think outside the box - i.e. does yuan exist outside of china at all. It being physical currency. Or is it possible for it to exist on the balance sheet of an entity outside of china. Its a silly thought I know, idle speculation  |
|
|
|
not an employee. I was an IT contractor. i feel for you, that must have been hard. |
|
|
|
|
This might be a naive question but can you have CNY banking facilities outside of china. Why can't an exchange open on outside china that allows CNY trading, accepts CNY deposits/withdrawals (possibly through a payment processor also outside of china?)
|
|
|
|
I held my nerve to ride bounce from low $400s, but nasty pennant was forming at sub $500, and looking at every previous example of such a pennant since dive down from $800s gave me all the indications i needed, so I sold and swallowed the loss, in order to perform my #1 trading duty, to preserve my wealth. So happened that this pennant bucked the trend and the price broke instead of down.
My top tip for wealth preservation... don't sell at a loss... |
|
|
|
Wow folks have lost a lot of perspective.
Funny when there is a crash, always a big flood of posts, mostly from bitcoin newbs, saying the sky is falling.
Things really aren't that bad. 2 months ago we were less than 200, now it may stablize around 500? Oh boy ya what a nightmare, more than 200% in 2 months. Oh noes oh noes sell sell bitcoin is finished ! lol, this is pretty silly. A 250% gain in price! Whew what a crash !
The Chinese position change really hurts but overall it isn't like a death strike to bitcoin like many are making it out to be.
People who bought in at $1200 probably disagree with you. If anyone bought at $1200 then they should have only done so if they fully understood there was a chance that they may have to hold through a serious decline. Funny thing is you could say the same about any entry price. Mostly though, in every case just waiting 6-12 months on whatever price you entered has usually worked out ok. I don't see this time being any different. Past performance not necessarily a future indicator yada yada. Of course if you invested only what you could afford, there isn't a problem right? |
|
|
|
My gut is, China is f*cking with everyone and purposely driving the price down so that day-traders and speculators get out, so that they can turn around and scoop up BTC for ridiculous low amounts and then drive the price back up.
You mean China exchange or China government ? Chinese Govt + Banks + Big Business. Don't trust the Chinese. They aren't stupid. They are great at deception and manipulation. The volatility over the past few days is certainly uncomfortable but I can't see that this is a trust issue. This is the Chinese government shutting down a massive loophole in its financial system. If that is the case I don't understand why they haven't outlawed it entirely? Or do you think that is still to come? |
|
|
|
|
Show Posts
