We are not quite to $800, yet, but it is feeling closer and closer, and maybe we will not be able to rest assured about passing $800 until we get to about $820.  I am kind of thinking that we are going to shoot past $800 - but it remains really so difficult to tell - because this latest upturn from lower $600s to our present price location has been ever so graduated.. (step by step over 3 or 4 months)



So long as the price goes up, it really cannot be a bad decision to have bought at a higher price.  On the other hand, sometimes any of us can become a bit too invested in bitcoin, and from time to time, we may need to shed a few of them, just to remain a bit more balanced (especially when the price is going up - and really in the past 16 months, prices have gone up more than 3x - so it does not hurt the ecosystem to shed a few coins, here and there, especially if we got some of those coins in the $200s, $300s, $400s, $500s or even $600s.. and maybe soon, $700s could become "history."   

That's a crazy theory, and I don't think that such a theory is supported by the charts, yet.  Maybe you sold (or shorted), and you merely are talking you book, attempting to get others to follow? 

I agree with the concept that a dump could occur at any time, but we are really getting decent continuing upwards price pressures at this time.  It seems that we are at least going to get an attempt at $800 in the coming days... currently, we are really close to striking distance of such an attack, and the resistance (at the moment) doesn't even really seem that strong (at $800 at the moment).

There may be more decent resistance in the mid to upper $800s, however.

I have been in contact with Adam about this situation partly because I had gone through a similar hack attack of my account at about the same time that Adam did.

You are correct that you can get your account back, as long as you are able to go through various efforts in order to prove your identity - and maybe even if you may not meet some of the account recovery requirements.   It seems that Adam had made some preliminary attempts to get his account back, but he ran across various difficulties proving his identity.  He asserts that he may be having additional difficulties because of some of the shit stirring and trolling that he had admittedly been doing - but really, I doubt that he was so obnoxious and/or repugnant that the admins would not reinstate his account.  I think that he just needs to be persistent and to go through the efforts (and hoop jumping if needed) in order to get his account reinstated (and currently (so far), he does not seem to be willing to go through such efforts).

By the way, in early November, I had another issue of losing access to my account (because stupidly I used the secret phrase feature in order to attempt to access my account when I could not remember my password).  It took nearly a month for me to regain access to my account- so I understand that sometimes it can take quite a while to get the attention of bitcointalk administrators, and only a few of them have sufficient access authority to reinstate accounts.

A lot of us believe that Adam should update the poll, but he is having issues with getting back into his account, after it was hacked (apparently) in mid September.


Edit:  Oh... now it looks like the poll has been removed, or is it just me?

Do you know that was an address controlled by Paraipan?    Do you have a thread link regarding the previous ownership of the address?

That's exactly how the numerology works... kind of random... 


Regarding your up and down in this scenario, my non-chinese imitation crystal ball cannot see any top  in the $900 to $1350 range, or anything in between that... either we be below that or we be above that...... and if I am wrong, I am going to turn in my non-chinese imitation crystal ball and request a complete and full refund, including any lillie fiends that I may have lost as a result of such mistelling of btc price fortunes.

Even though there are probably fewer than 10 exchanges that have sufficient volume to kind of affect bitcoin prices, there still remains too much variation in order for exact numbers to be "schelling points."  In other words, I doubt that the numbers determine the direction as much as the direction ends up honing in on numbers.

Accordingly, I agree that BTC prices can get caught in a kind of range and consolidation can converge upon certain price points, but those BTC price points are not known in advanced and are not predetermined points, but instead they end up being areas of resistance and support that is worked out over time through the influential impact of various players and some players being more powerful than others, but even sometimes some of the powerful players lose control over the situation and have to let the market push to whatever next price range, which is going to vary on the different exchanges, yet the longer that the prices remain without a lot of movement, they will begin to converge - whether that ends ups being at $769.99999 or at 771.222 or $777.7777  or $778.72 or some other coincidental, quasi-random unforeseeable, temporary and partially agreed to (by quasi-forced consensus) price point.

Thanks Fakhoury.  I like that one.  Sometimes we need a bit of a rebuttal piece, when we are looking at various bitcoin perspectives (especially when confronting some of the negative Nancies that are out there, including some of the butt hurt bigblockers that you find on bitcoin.com, rbtc, anti-segwiters, and some of the alt coin pumpers that continue to assert that bitcoin is dying and their coin is better, blah, blah blah...)

At this point, I can theoretically agree that $888.88 could be a bit of a sticking point (not that number exactly because I don't believe in that numerology nonsense), but really, it seems that $999.999 is going to pass as a non-issue.

The IRS looking at Coinbase should not be among the unexpected scenarios.  For years, we already knew that Coinbase was appearing to be a regulatory compliant exchange - and it first started in the USA.. so what is the surprise, whether the IRS is appearing to engage in a broad spread sweeping and fishing expedition or if they had flagged your return for some reason.  So, I don't really get your point and your seeming assertion that you don't have options or something has changed that causes you to hold your coins when you would prefer to sell.

 In the USA, you can sell through Gemini and Local Bitcoins and you can also engage in other direct forms of selling or using your coins through purchases.  You can also send your coins to other exchanges, and if you feel more comfortable holding some of those coins in dollars, then convert a portion (or all to dollars) - if you maybe anticipate converting back to bitcoins than you can do that through various exchanges as well.  There are a lot of options these days - if you seem to be so concerned about selling through Coinbase (and by the way, the IRS is likely mostly wanting to see the cashing out of the exchange to your bank rather than actual trading on the exchange (which can still be done through coinbase, if you prefer to use their services)..




Maybe the gut feeling has something to do with the price hovering in the mid $700s for a couple of weeks now and seeming to want to staircase step up and up and up... .. sure we could get a correction at any time if the buyers run out of dollars, but it does kind of feel as if some kind of breakout to the upside is imminent. ^tm

Weren't the small dips of the past couple of weeks sufficient to pick up a little bit more?

For me, when the btc price is flat for a couple of weeks I can make little adjustments to my holdings allocations to help me feel a bit more comfortable, so currently I am at about 93.2% btc. A couple of weeks ago I was at 92.8% btc. I feel a little better now, but I'm thinking 92.8% btc would have been ok, too. Anywhere 90% to 95% btc would be ok within my current thinking and personal preferences.

Every number seems to be magical for dee torque. Go figure!!!

Can't wait for dee torque's reaction when  we are passing quickly thru $1,234.56.   .

nice optimistic interview with a bit of a pro-seg wit twist.

It is worth it in and of itself to view such a cool map.

 

It should be expected that folks (even bullish or quasi-bullish folks) are going to have various nuances in their opinions regarding resistance points and likely factors that can affect momentum in either direction.

I, personally, don't consider $1,000 to be one of those resistance points that matter as much as some folks make it out to be.. Sure there is a possibility that it ends up being a bigger resistant point than I currently expect, and I am prepared to either change my position or to admit that I was wrong, if it plays out in a way that is inconsistent with my current expectations.

Another thing is that I never really assert that I have any meaningful insight, only that I believe that some scenarios are more plausible than others, and currently, I find the $1,000 resistant scenario to be more of a unsophisticated and unlikely scenario... maybe less than 25% chance of occurring.  

So, I personally, will keep to harp on what I believe to be more likely scenarios, even when my portfolio is prepared for a large number of nuances and deviations from more likely scenarios.  

I am also of the belief that bitcoin's market cap remains sufficiently low in order that a relatively low level of capital can actually push the market in a way that would have previously been considered an unlikely scenario.. but some whales do happen to have such abilities to employ such unexpected directions from time to time, especially when they can play on momentum or changes in momentum.

 

I thought that most of us already realized, by now, that these days bitcoin price movements are not very closely correlated to consumer spending...

Concededly, there may be some marginal effects, but in the end, consumer spending remains a small factor in bitcoinlandia and not very closely related to bitcoin price movements.

Actually, my initial goal investing into bitcoin was to attempt to have returns of at least an average of 3% per year, but really I had preference of at least an average of 6% per year.  Of course, performance beyond those goals would be icing on the cake, but at the same time, I was of the understanding of the risk, so I also understood that there was a potential to lose 100% (so it is not an exactly tried and true savings/investment vehicle).. Be we also knew that there was upside potential of thousands of percentage of return.

 I employed dollar cost averaging to attempt to achieve my minimum goals with the above caveats, and the ride has certainly been like a rollercoaster.

At the end of my first year, I was approximately negative 34% - which would be an an annual (negative 34%)... The dip did get worse, but let me just take year snapshots for illustrative purposes.

At the end of my second year, I was approximately negative 22% - which would be an an annual (negative 11%)...


At the end of my third year, I was approximately positive 70% - which would be an an annual (positive 23.3%)...

In the past year, I have a few other things going on with stacking fiat within my bitcoin investment fund, that sometimes will cause various kinds of ways to measure the profits, but overall the trend is coming out decent and the cushion is great.

For about the first 5 months of this year, between January and May, based on my cash reserves and my BTC holdings, I was considering my BTC investment to be floating in the approximately breaking even territory (probably more likely a few percentage points in the red).. so yeah, a large portion of the gains and the cushion came since May of this year... and it is all good and continuing to feel like a decent approach to hedge against other dollar (or other fiat) based investments.

You are talking real nonsense.  You bring no facts to bear on your speculation about bitcoin's supposed imminent failure or its supposed bubble price, and you are just asserting a bunch of non-substantiated troll talking points.


There have been nearly three years since bitcoin has been at this price point, and the fundamentals behind bitcoin are much stronger than they were three years ago... that is adoption, development, abilities to get in and out, seg wit is on the way, the mining hash power is up exponentially, and really the rise in the price this time took place over nearly two years, as compared with about 6 weeks in 2013.. BTC price is in a much more solid place than it was a few years ago, and investing in it is not a bad thing, even at today's price..

Apparently, quite a few people are buying BTC at these prices, since we have been trading in this price range for the past three days... and seems to be decent ongoing upwards price pressures, no?

It appears that we have ourselves a desperate bear troll here, who has questions and skepticism without any facts, beyond nagging nancy negativisms... Where's your facts to back up your skepticism, lambie?