What's so magical about September?  Something happening in September, or is that just your quasi-arbitrary technical analysis estimate?

Yeah right, another one of these superficial and foundationless assertions regarding supposed "chinese control"....

Can I just say, Bullshit?  Oh, I just did.   

Maybe you can explain why changes in the hashrate matters so much, except merely perceptions?

If you look at bitcoin's hashrate, this network is likely closer to 100x more secure than it needs to be in order to prevent attacks and to protect value.  Yeah, if the price of coins goes up 100x, then that extra security will be a good thing, but at present prices, we got a lot of surplus mining power, so it really does not matter if half of them go away, except for nontechnical perceptions, such as public opinion, no?

Rarely, have I ever read wiser proclamations.     

Is that your armchair assessment of the situation, fatso?   


Get a life.     

I have my doubts about whether I should take you seriously.

First:  you gave a bit of information about what you had supposedly done, but you are not really responding regarding your strategy to buy back or if you did buy back. 

Second: seems quite fantastical that anyone who claims that they don't know what they are doing would sell the whole stash after we have been experiencing several unsuccessful attempts to push the price down.. so there seems to be a bit more upwards price pressures rather than downward pressures, at the moment.

Third:  asserting that chinese exchanges are leading tends to be a FUCD spreading disinformation campaign.. Yeah, people say it .. but really nonsense.

If you were logged into their site during the minute or two following the first block of the halvening, there were fireworks going off, too, on the page... COOL!

Yeah, right... If I wanted to get sympathy, I would reach out and post details on a semi-anonymous forum for such...  Sounds like a great strategy to deal with mental issues  

You bought back, or not yet? 

I usually like to stagger my bets rather than to attempt to play too many BTC all at once.. and accordingly, if I were to sell 4BTC all at once, that better fucking mean that I have at least 200 BTC in my portfolio or otherwise I am pretty confident that we are going to experience at least a 10% correction, and I would be buying back every 2% or so, once the correction stabilizes. 

I also think that it is safer to sell on the way up and buy on the way down rather than selling on the way down (even though once in a while you could get lucky to attempt to time such).

Reminds me of JimboToronto.   

NOT








Price could continue to be manipulated downward, that is true, but I would not describe that as "falling."

If you do not realize this, we are in a bull market, especially with anything above the $400s... So, why don't you snap out of it and maybe even zoom out a little bit in your looking at the charts, if that is what you are doing.  



That's probably a more accurate assessment of the situation.

Yeah, right... you are either a dumb-ass or making shit up, again.


[why not both, meme?]

If you sold before the dump, then that is good, because you can buy back at a lower price, but if you sold during the process of the dumping (or near the low price point hoping for a lower low), then you may need to take a loss and buy back before the price get's too far above your sell point.  On the other hand, you could take a chance and wait it out, which may or may not pay out (despite being a bit stressful to wait out and hope for another dump, which is not out of the question at this point).

I think that my point is a bit different than what you are suggesting.

I am suggesting to start trading in small amounts, not because I would be worried about losing the whole thing because gambling is no way what I am suggesting to attempt.  I am suggesting that you can learn better with smaller amounts, and there is not as much pressure regarding leaving some of those small amounts on the table.  For example, the strategy is to stack up buying on the way down and selling on the way up... but sometimes the price is going to run in one direction or another or both much quicker and much further than you expect, and if you are playing with smaller amounts it is much easier to budget and not to run out of either dollars or BTC... but you gotta continue to tweak and to monitor and to plan and to learn by strategies that you employ.

In this regard, you do not bet all or nothing.. you bet with stacking and you don't give a shit if the price keeps going in one direction as long as you budget for such price movements in either direction.  So let's say for example, you only have $1000 and about 10 BTC.  If the price keeps going down, you may only feel comfortable buying less than $50 at a time and in $10 increments in order that you do not run out of money, if the price were to drop a couple hundred.  Also, as the price goes up, you may only want to sell up to $50 max, per every $10 the price goes up because that would be selling half of the profits (because with 10BTC, you have $10 profits for every $1 the price goes up, and $100 profits for every $10 the price goes up).  Anyhow, you can play around with your trading allocations in order that you are not gambling but you are still accumulating and protecting your portfolio by selling small amounts at comfortable intervals.

Well, thanks for thinking of me, dumbfbr.  

Regarding buying or selling, what you do, kind of depends upon where you are at.  If you do not have any coins, then of course you buy, buy buy at this point.  On the other hand, if you have accumulated quite a few coins, like I have and probably a lot of other longer term folks, then you sell small amounts on the way up and buy on the dips... with the goal of continuing to accumulate and to bring down your average costs per BTC.

It's also good to have a little bit of a theory.. for example, considering that overall we are in a bull market at the moment, unless prices go below $500 for some kind of significant period of time, and there is a bit of resistance until about $800 or $850.. Once prices go passed $800 or $850, then likely BBBBBBAAAAAAMMMMM.. we have decent chances to go to the $3k to $5k price territory.

There are a few other things to keep in mind, but overall the above are good starting presumptions.. and we kind of continue to monitor on a fairly regular basis just to account for how the market dynamics are playing out.. and to consider whether we need to make any significant tweaks to our plans or our perspectives.



EDIT:  BTW

41

Yeah,... you sound like a retard, Agaguk24... making shit up.. as if there were some kind of actual problem with bitcoin besides some stupid-ass talking point that you want to fantasize...   By the way, which alt are you suggesting, stupid ass?  By the way, there's no alt crypto that even come close to bitcoin in it's development, security and immutable censorship resistance, which is really all that matters in the whole scheme of things.

I think that you can begin with very small amounts and learn, and you do not necessarily need to delve into various alt coins and to complicate  the matter with alt coins.  Bitcoin is a handful in and of itself to learn how to trade bitcoin with accumulation strategies and principle preservation strategies and to get better and better at it without gambling too much in the process.

I have been employing a self-learned system that pretty much does not require gambling of my principle and that is selling on the way up and buying on the way down, and I only deal with BTC and don't try to over complicate matters... even though practicing does seem to pay off in order to get better and better at it and to stack up dollars and bitcoins in order to continue to be able to buy more as the price goes down and to be able to sell on the way up (without selling too much in order to always keep some stash of BTC)

Yes.   

Trader with a goal of accumulating BTC.. and to allow some of that appreciation of the accumulated BTC to drive the increasing of the wealth.

89  (but who's counting?)

Intrinsic may be the wrong word, yet describing bitcoin fundamentals and utility may justify the same conclusion that bitcoin is valuable as it has been created and has the ability and the potential to fill various niches in ways that are currently inadequately fulfilled.