The article linked within the below linked reddit thread, describes very large increases in local bitcoin trade volume occurring in several countries, and notes that Norway's volume has nearly doubled. http://www.reddit.com/r/Bitcoin/comments/4q77xt/new_records_in_localbitcoins_volumes_in_several/Seems sufficiently bullish to me, and worthy of addition to this thread. Furthermore, increased trade volume seems to imply the potential for increases in the price - except if the increased trade volume were coming from folks wanting to dump their BTCs.  |
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Naw... don't try to equate my more analytical comments with your superficial nonsense.
Your more analytical comments are shit. As are your less analytical comments; those are shit too. Ok... Beefie... I will bite. Why don't you share a little bit about your own bitcoin perspective and investments therein to the extent that you have anything quasi-meaningful to contribute to this discussion? |
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tons of ppl on tradingview spelled it out for us where they'd be taking short positions. so it was all right there...
Who gives a ratt's ass about what they say on tradingview? Come up with your own analysis, and/or supply links to what you believe to be relevant analysis. There are tons of people betting on both sides of these bets, so let's see how it plays out. If you are shorting, calme, or if you feel like shorting in this price range, then good luck with that. You may be correct, but whatever you are saying is not even close to being inevitable, as you seem to want to suggest. |
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i'm normally bullish b/c i love btc but there is something to be said of the whole "wisdom of the crowd" thing and a lot of the best chartists are gonna hit the sell button in the mid 600s, planning to ride it to low 5's
*edit: it started while i was typing that. make sure you have fiat waiting. don't short btc w/ btc
Hahahahahaha..... Yeah right... you have no support for your bearish prediction. Sure, there is still a 20 to 30% chance that you could be correct, but that does not make you insightful in any kind of way, except perhaps that you are engaging in wishful thinking. i did go to business school but didn't study trading specifically, much. that's why i follow the chartists. we're both talking our books here. there were about a million chartists who said it would rise a bit and then doom. well, it rose a bit since then... Naw... don't try to equate my more analytical comments with your superficial nonsense. I don't deny that I have some interest in my books, but I prepare myself for BTC price changes in either direction. .... yeah, I prefer prices to go up, but I attempt to not let my own personal preference get in the way of my presentation of bitcoin price related information in these threads. In fact, in my very latest post in the BTC price prediction department ( https://bitcointalk.org/index.php?topic=178336.msg15386910#msg15386910), I did not put any kind of exact number on my medium term prediction, and I only suggested that the odds seem more in favor of getting to greater than $685 rather than less than $608. My prediction is no solid and blanket assertion, such as yours... in which you seem to be more solidly asserting downward BTC price movement (and without any evidence whatsoever - except saying that other people assert such). |
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i'm normally bullish b/c i love btc but there is something to be said of the whole "wisdom of the crowd" thing and a lot of the best chartists are gonna hit the sell button in the mid 600s, planning to ride it to low 5's
*edit: it started while i was typing that. make sure you have fiat waiting. don't short btc w/ btc
Hahahahahaha..... Yeah right... you have no support for your bearish prediction. Sure, there is still a 20 to 30% chance that you could be correct, but that does not make you insightful in any kind of way, except perhaps that you are engaging in wishful thinking. i did go to business school but didn't study trading specifically, much. that's why i follow the chartists. we're both talking our books here. there were about a million chartists who said it would rise a bit and then doom. well, it rose a bit since then... Naw... don't try to equate my more analytical comments with your superficial nonsense. I don't deny that I have some interest in my books, but I prepare myself for BTC price changes in either direction. .... yeah, I prefer prices to go up, but I attempt to not let my own personal preference get in the way of my presentation of bitcoin price related information in these threads. In fact, in my very latest post in the BTC price prediction department ( https://bitcointalk.org/index.php?topic=178336.msg15386910#msg15386910), I did not put any kind of exact number on my medium term prediction, and I only suggested that the odds seem more in favor of getting to greater than $685 rather than less than $608. My prediction is no solid and blanket assertion, such as yours... in which you seem to be more solidly asserting downward BTC price movement (and without any evidence whatsoever - except saying that other people assert such). |
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i'm normally bullish b/c i love btc but there is something to be said of the whole "wisdom of the crowd" thing and a lot of the best chartists are gonna hit the sell button in the mid 600s, planning to ride it to low 5's
*edit: it started while i was typing that. make sure you have fiat waiting. don't short btc w/ btc
Hahahahahaha..... Yeah right... you have no support for your bearish prediction. Sure, there is still a 20 to 30% chance that you could be correct, but that does not make you insightful in any kind of way, except perhaps that you are engaging in wishful thinking. |
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There is a 737 coin bid wall on Stamp at $636. Let's see how long that wall lasts.....? Price is currently floating in the lower $640s. Short term scenarios: 1) Do we go up from here ($650 and beyond) and the wall is not touched (or only partially touched)? 2) Do we go down from here (below $636) and the wall is eaten? 3) Do we go down from here (below $636) and the wall is pulled? 4) none of the above - we go sideways forever (in the $636.01 to $649.99 range)? Place your bets, or forever hold your peace!!!!!
Edit:Actually, I will concede that none of the above really matters too much - because it is kind of a pointless game regarding short-term price movements.. that are really, in my humble bumble opinion, a crap shoot, for the most part. A more important measurement is that maybe we need something like a 5% to 6% adjustment in the price order for the price movement to matter within the current price channel? In that regard, which of the ends do we break first? $608 or $685? I think that the odds are slightly in favor of breaking above $685 before we break below $608. Thoughts?
Edit 2:After watching the bid wall for about 10 minutes, it appears that the wall is more or less a flash wall that is continuously moving. Whether it's the same player or different players flashing their coins, who really knows, except maybe some of the folks holding those coins? Furthermore, after I typed the above post, the price moved immediately upwards by $6 or so (almost 1%) on the volume of 600 coins, and then nearly completely retraced - and this could be a sign of action or just a kind of faking out and/or a test move. Thoughts? |
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I don't have a plan to get with Bitcoin as I don't have any plans to get rich
I don't see the need 4 that
~CfA~
Well, maybe a plan to get rich with bitcoin could be a bit pie in the sky, but it still does not seem to hurt to invest some money into bitcoin - especially if a person recognizes some of the interesting value concepts that it provides. so even if a person does not get rich, there would still be some stake in the game and some stake into the bitcoin infrastructure. Such a plan could include investing $20 per month or some other "reasonable" and "acceptable" amount... and likely over time, the amount invested will appreciate to a greater value than the amount that was initially put in as principle. |
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A few thing people here don't seem to understand:
Most buying is done off exchanges and OTC. By a wide margin too.
China is not leading this market.
No fee Chinese exchanges are being used to "control" the market, because bots are linked and people think China is leading the market.
Bitfinex is linked to Chinese exchanges to provide liquidity. Just like when BFX was linked to Stamp. That is why some full orderbooks are not shown. When a large drop occurs on Chinese exchanges the volume stays within the range, while Bitfinex drops with larger volume than normal. This is a combination of bot manipulation and Bitfinex offering liquidity.
The rise to nearly 800 was one entity, the OTC sellers and buyers waited until this entity was done and then plopped up over 25K BTC in ask walls, now it's up to 35K. The 35K BTC is a mix of real coins and borrowed coins for sale. You can see this by looking at the full order book, you notice the amounts for sale at XXX.37 repeatedly at every dollar interval? There are other patterns you will see as well.
The OTC buyers put sell pressure on BFX to keep the price down, so their OTC purchase will save them millions, by only making people who look at exchanges think we aren't mooning yet. Without their "fake" sell pressure we would be at ATH.
OTC firms do not care about this "manipulation" because they get a percentage in BTC and know that they will sell much more BTC OTC when the price is reasonable and not mooning. OTC firms might also be in on the fake sell pressure.
My guess is currently someone wants to buy OTC in the $650 range, or an OTC firm is seeing an influx of customers and is easier to just have stable prices for everyone Brexiting or running from their fiat market.
The Bitfinex "malfunction" was deliberate. Using statements from above you can see that dropping the Chinese exchanges prices are easy, causing all the longs on BFX to be force liquidated. Well guess who bought up all those coins that were liquidated while also putting the price back in their range? BFX has a ton of fees in BTC to sell, and guess how they do it? That's right, mostly OTC. And if a buyer says "no way I'm paying $700+ for those coins when the price has only been at this level for a week", then BFX has only one thing to do, bring the price back down in the OTC range.
Long term holders like myself, 4+ years, know this is going on and don't really care about exchange rates YET, because one day millions of small buyers who will only use exchanges will overpower any manipulation put forth by OTC markets and online exchanges.
You surely know a lot for a newbie, and there may be a lot of truth in what you are saying. Nonetheless, we need to consider some of these kinds of claims with a grain of salt because they are so conspiratorial, including the assertion that the most recent bitfinex outages were on purpose. Furthermore, many of us, just like you, recognize that ongoing pressure for coins by regular people does place limits to the extent to which prices can be downwardly manipulated - even when there may be a considerable amount of over the counter (OTC) BTC purchasing transactions. As you suggest, the OTC buy pressures on the price to be upwards remains indirect, rather than direct. Im not a newbie, I've been here since the first wall observer thread that is no longer used. Those were the days! My old account "hyphymikey" is no longer usable after this site was hacked a while back using the avatars or whatever it was. I was f@cking almost to Legendary status too, was just waiting on the random post thingy to get my promotion, then the site went down, then they said that I had to pay to get my account back or some shit. I had since moved to the other forum, but just wanted to post my thoughts here. Well, welcome back to this forum and hopefully you will begin to participate in this thread and forum again. In my thinking it is a good thing to have interactive participation of actual people who have been active in the bitcoin space for a number of years, especially when they also have historical perspectives and attempt to reconcile those historical perspectives with current bitcoin related happenings. We don't necessarily need to agree in order to profit and maybe even hone our own perspectives from these kinds of sharing of ideas. Edit: by the way, I just looked at your old account and some of your posts, and yeah, I see that it appears that you had participated quite a bit in this thread with that account. |
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QA can brag all that he wants about his past performance, but it is likely to be merely words than supported by actual facts, and even if he has actual facts of good performance (such as 14%) in the past, unlikely he would be able to repeat consistently future equivalent levels of performance.. and then to expect other regular people to achieve such levels of performance on a consistent basis is fantasyland logic.
Coming from you that means absolutely nothing. Yeah, in comparison, as if you have any kind of credibility (beyond in your own head) in making stupid-ass and pretentious assertions to emphatically state that regular people can safely and consistently earn 10% to 20% in their investments.... O.k.... I will bite. What is it that I have said or done that undermines my credibility? |
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A few thing people here don't seem to understand:
Most buying is done off exchanges and OTC. By a wide margin too.
China is not leading this market.
No fee Chinese exchanges are being used to "control" the market, because bots are linked and people think China is leading the market.
Bitfinex is linked to Chinese exchanges to provide liquidity. Just like when BFX was linked to Stamp. That is why some full orderbooks are not shown. When a large drop occurs on Chinese exchanges the volume stays within the range, while Bitfinex drops with larger volume than normal. This is a combination of bot manipulation and Bitfinex offering liquidity.
The rise to nearly 800 was one entity, the OTC sellers and buyers waited until this entity was done and then plopped up over 25K BTC in ask walls, now it's up to 35K. The 35K BTC is a mix of real coins and borrowed coins for sale. You can see this by looking at the full order book, you notice the amounts for sale at XXX.37 repeatedly at every dollar interval? There are other patterns you will see as well.
The OTC buyers put sell pressure on BFX to keep the price down, so their OTC purchase will save them millions, by only making people who look at exchanges think we aren't mooning yet. Without their "fake" sell pressure we would be at ATH.
OTC firms do not care about this "manipulation" because they get a percentage in BTC and know that they will sell much more BTC OTC when the price is reasonable and not mooning. OTC firms might also be in on the fake sell pressure.
My guess is currently someone wants to buy OTC in the $650 range, or an OTC firm is seeing an influx of customers and is easier to just have stable prices for everyone Brexiting or running from their fiat market.
The Bitfinex "malfunction" was deliberate. Using statements from above you can see that dropping the Chinese exchanges prices are easy, causing all the longs on BFX to be force liquidated. Well guess who bought up all those coins that were liquidated while also putting the price back in their range? BFX has a ton of fees in BTC to sell, and guess how they do it? That's right, mostly OTC. And if a buyer says "no way I'm paying $700+ for those coins when the price has only been at this level for a week", then BFX has only one thing to do, bring the price back down in the OTC range.
Long term holders like myself, 4+ years, know this is going on and don't really care about exchange rates YET, because one day millions of small buyers who will only use exchanges will overpower any manipulation put forth by OTC markets and online exchanges.
You surely know a lot for a newbie, and there may be a lot of truth in what you are saying. Nonetheless, we need to consider some of these kinds of claims with a grain of salt because they are so conspiratorial, including the assertion that the most recent bitfinex outages were on purpose. Furthermore, many of us, just like you, recognize that ongoing pressure for coins by regular people does place limits to the extent to which prices can be downwardly manipulated - even when there may be a considerable amount of over the counter (OTC) BTC purchasing transactions. As you suggest, the OTC buy pressures on the price to be upwards remains indirect, rather than direct. |
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CNBC this morning, interviews Ark Investment Management. "Markets using Bitcoin as a disaster hedge: ARK Invest" http://video.c[Suspicious link removed]m/gallery/?video=3000529359 Someone at that network is bagholding. Not sure about that, but they clearly can't read charts. 1. BTC down 2. Low volume across all exchanges Yeah right... if you are attempting to analyze on such a short term basis, you can say whatever you want. Even if you zoom out a bit and look over the weekend, there are slightly up prices, but maybe we can give the benefit of the doubt and assert that prices are flat... Regarding volume, this has also been pretty decent over the weekend, and if you are merely looking at the past 24 hours, you are attempting to be too selective in your assessment because bitcoin is not merely a 24 hour phenomenon but instead you gotta put some context to it in order to see where you are at and then to attempt to predict where you are going from a broader viewpoint. Currently, bitcoin is in a very decent position, even if prices were to float between $550 and $650 for some time, but many of us likely have the sense that there continues to be considerable upwards price pressures.. and quite a bit of buying pressure once prices dip into the $500s, so a $600 to $700 range could be more realistic for the short term.. and even with that price range there continues to be upwards price pressures with ongoing news events such as Brexit and some of the other world financial calamities along with the upcoming halvening of bitcoin in a few days, the progress on seg wit that seems to be in very early stages of release.. and some of the troubles with Ethereum/Dao are likely generally bullish (more than bearish) for bitcoin. |
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You're one of the ultra rare lucky ones. Talk to the thousands of people with money in Mt Gox, Bitinstant, ButterflyLabs, Gaw Miners, MyBitcoin, Pirates Ponzi, Bitcoinica, Bitscalper, Inputs.IO, Vicurex, Cryptorush, TradeHill, CryptoXChange, GBL, Just Dice, Bitcoin Rain, The Silk Road Seizure, Sheep Marketplace, BS&T, PicoStocks, Bitfloor, Basic Mining, Mintpal and many, many others.
Why is Just-Dice on that list of ponzis, scams, hacks, and thefts? Just-Dice took care of the over 60,000 BTC entrusted to it and returned it all when it shut down. Ok, you found one that was corrected. The point remains that Bitcoin facilitates loss in a way that no other payment system does and has no insurance or fraud protection covering it. I was one of the lucky ones that made money when you could mine with a gpu at almost no cost other than electricity. From now on, people will need to put their own money in to it and they will only make money if they live long enough to see an enormous increase in the exchange rate. It's a gamble that may pay off but it's high risk. There are many secure investments that pay 10-20% a year. If you start today with $10,000 and average 20% a year for 20 years, you'll have over $380,000. Add $2,000 a year to the pot, and you'll wind up with $756,751 after 20 years. Granted, 20% a year is not super easy to achieve. But even if you only make 10% a year, you're still going to become very wealthy over the long term. People are getting scammed or throwing their money at gambling bitcoins because the return isn't happening fast enough for them. They should simply try a stable long term investment. I don't know any secure invesments in the developed world that pay 1% a year yet along 10% a year. You can achieve an average of 5-10% a year if you take short term risks. There is no safe investments paying 20% a year that I am aware of.... But everyone has a different tolerance for risk levels and one man's idea of safe might be very different from another Everyone thought they were safe in 2008 when the property and credit bubbles busted and caused a global recession.... I guess people in Cyprus and Greece thought they were safe too because their money was "safe" in the banks etc Anything paying 20% a year is likely risky or even an outright scam.... The Madoff ponzi paid 12% a year to put that that into perspective... I agree with everything by the last two posters in this above thread of discussion. The ridiculous claim of QuestionAuthority is assuming that regular people can find safe investments of 10% to 20%, and the fact of the matter is that if regular and/or even sophisticated investors are earning 6% to 9% in a longer term basis, they are doing pretty well. Yeah, sure we are going to have the potential of years of 20% or 30% performance on our investments, but there are going to be down years as well, and difficulties in determining how or whether to move our funds based on shorter term predictions and even whether the cost of moving funds is worth the change, and many investors attempt to diversify their various investments in such a way that overall they are consistently attempting to get good performance or to average good performance... And, part of the reason that index funds tend to do so well, even in comparison to professional advisors, is that those funds diversify rather than attempting to predict and time the market. The experts get it wrong a lot, so I don't buy any claims that either regular people can get decent overall safe returns or that experts can. There are 10-12% return investments that aren't hard to find. I've averaged 14% a year on a WSIB Real Estate Investment Trust. The problem is you need investment money and the knowledge to know what's right for you.
QA can brag all that he wants about his past performance, but it is likely to be merely words than supported by actual facts, and even if he has actual facts of good performance (such as 14%) in the past, unlikely he would be able to repeat consistently future equivalent levels of performance.. and then to expect other regular people to achieve such levels of performance on a consistent basis is fantasyland logic. |
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[edited out]
You are right, I can't deny this  But I'm sure we will get to $240B investments poured into the system. I believe that part of the reason that I participate in these kinds of forums is in order to bounce around my own ideas with other bitcoin enthusiasts (and sometimes even the bears, shills and trolls can be helpful to my considering how to protect my investment and my trade positions). Accordingly, I get pointed in the right direction a lot (sometimes directly and sometimes, the information causes me to have an ah ha moment to recognize my own misconceptions). Yeah, so accordingly, if we can avoid it, we do not want to accidentally misread some of the charts and to rely to our own detriment on some misreadings. Who knows how long it is going to take to get to $240 billion, and whether we are going to get there. I certainly hope so, and even with fairly bullish scenarios, it is quite possible that the bitcoin space could arrive at that number in a few years, but it could also take close to 10 years (which would still be bullish, but just a more mild form of bullishness). Also, the bitcoin space remains very interesting, and I am not sure about what all of those numbers mean. The reality of the matter is likely that bitcoin is having economical rippling effects that go much beyond its market cap and much beyond the amount directly invested, so depending upon which numbers you rely upon, I believe that currently more than $30 billion of direct and indirect economic value is not unrealistic. I believe that in recent months there has been pretty decent fees generated through on block chain transactions that have been largely ranging between $80k and $220k per month.. and that is just on chain transaction fees. Here's the seven day average chart: https://blockchain.info/charts/transaction-fees-usd?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=Anyhow, those of us watching the bitcoin space continuously recognize these bullish growth numbers in a variety of the sectors, and mining is one of those areas that simply remains amazing, whether the purchase of mining equipment or the exponential growth in hashing power, and on an ongoing basis, we also witness increasing public and finacial sector interest and ongoing research and developments that boggle the mind and largely exceed any other Crypto. |
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Thanks Denker....
That helps to be able to at least browse through some of the substantive points of the discussion panel.
It is interesting how, over time, more and more folks are coming into bitcoin, and there seems to be less and less disagreement concerning the storage of value regarding bitcoin and the likelihood that overtime bitcoin is going to appreciate in value considerably, especially in comparison to various fiat currencies, and also bitcoin's market cap needs to 100x or more from this point, in order to come even close to have a further level of utility that would apply to bigger financial institutions.
It's just a matter of time, JJG. All of us will witness exponential growths. YES.... One thing is whether a 10x, 100x or 1000x is likely to happen, another thing is how people talk about such possibilities and another thing is how both the technicals and the mass consciousness work together to allow for such speculations to become realities. Even though, you frequently hear me writing conservatively (and even arguably skeptically) regarding these various future possibilities that have not yet happened, I have a very decent sized chunk of investment into BTC, so I am likely to profit considerably even from a 5x price appreciation.... A 5x appreciation would likely change my life for the better in some marginal ways, but yeah, a 10x or more price appreciation would considerably change my life..... yet I still consider those kinds of developments (if they were to occur) to be icing on the cake, rather than any kind of certain outcome. Anyhow, the 3x appreciation from the lower $200s has been quite fulfilling for me, too... brought my BTC holdings from more than 50% in the red to more than 50% in the green... as I type..  JJG, do you know that since the creation of Bitcoin till now, VC investments has reach $240 Billion and counting. All this will only take time to see results, nothing more than time and trust I understand that there has been quite a lot of VC investment into BTC, and I agree that some of that investment is going to take some time to play out.... so I agree on that point. Regarding your $240 billion number, I think that you have some bad sources there regarding the quantity. I believe that I have seen some credible VC investment numbers, and they are approaching $2billion... but maybe I am a bit off in my memory, too? But I don't think VC investment into BTC is anywhere approaching $240 billion... and I think even $20 billion would be a stretch, when I think that the more accurate number is somewhere around $2billion, at this time. [Begin kidding] CAUGHT YOU   YOU DON'T READ THE NEWS I POST. YOU ARE A CHEATER [End kidding] The source of the numbers is from here [Begin response to kidding] I am not a bot, so I cannot read everything. [End response to kidding] It appears that your posted evidence supports my point... hahahahahahahaha If you look at the chart within that article that shows the venture capital investment, you will see that the total amount invested in bitcoin related start-ups is approaching $1.2 Billion and the total number of deals is approaching 240. Cheerios, mate. |
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any1 else believe that crypto coins in general came out relatively unscathed thru Brexit?
Pretty bullish imo Really? I was told by various cryptoeconomists that Brexit would send BTC through the roof. Color me unimpressed. ah, and you thought "through the roof" meant a non-linear jump to something like $4k, right? Not going down would've been a good start. I believe that is part of the point that SheHadMANHands is making regarding your apparent unrealistic expectations.... Even though Bitcoin has experienced several exponential growth periods in price, frequently there will be ups and downs, even during upward price movements. Furthermore, in recent years, there are more tools in the bitcoin price-setting ecosystem that allow for making attempts to push the price down - whether those attempts are going to continue to be successful will play out over time, but being able to short bitcoin had not been so prevalent during previous exponential price growth periods. I don't believe those additional shorting tools are going to prevent future price bubbles, yet it may cause a bit more moderation regarding the intensity and duration of upwards price spikes... .but the punchline remains that up and down price movements are going to continue, even as attempts to get weaker hands to sell their coins. |
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Thanks Denker....
That helps to be able to at least browse through some of the substantive points of the discussion panel.
It is interesting how, over time, more and more folks are coming into bitcoin, and there seems to be less and less disagreement concerning the storage of value regarding bitcoin and the likelihood that overtime bitcoin is going to appreciate in value considerably, especially in comparison to various fiat currencies, and also bitcoin's market cap needs to 100x or more from this point, in order to come even close to have a further level of utility that would apply to bigger financial institutions.
It's just a matter of time, JJG. All of us will witness exponential growths. YES.... One thing is whether a 10x, 100x or 1000x is likely to happen, another thing is how people talk about such possibilities and another thing is how both the technicals and the mass consciousness work together to allow for such speculations to become realities. Even though, you frequently hear me writing conservatively (and even arguably skeptically) regarding these various future possibilities that have not yet happened, I have a very decent sized chunk of investment into BTC, so I am likely to profit considerably even from a 5x price appreciation.... A 5x appreciation would likely change my life for the better in some marginal ways, but yeah, a 10x or more price appreciation would considerably change my life..... yet I still consider those kinds of developments (if they were to occur) to be icing on the cake, rather than any kind of certain outcome. Anyhow, the 3x appreciation from the lower $200s has been quite fulfilling for me, too... brought my BTC holdings from more than 50% in the red to more than 50% in the green... as I type.. JJG, do you know that since the creation of Bitcoin till now, VC investments has reach $240 Billion and counting. All this will only take time to see results, nothing more than time and trust I understand that there has been quite a lot of VC investment into BTC, and I agree that some of that investment is going to take some time to play out.... so I agree on that point. Regarding your $240 billion number, I think that you have some bad sources there regarding the quantity. I believe that I have seen some credible VC investment numbers, and they are approaching $2billion... but maybe I am a bit off in my memory, too? But I don't think VC investment into BTC is anywhere approaching $240 billion... and I think even $20 billion would be a stretch, when I think that the more accurate number is somewhere around $2billion, at this time. |
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i still think this comes back down after the halvening hype pump .
You want to give some projected numbers, and why do you seems to circumscribe BTC price movements with such narrow causations, when we should all realize that BTC price movements are multi-causal. You give your price predictions, and I will do the courtesy of giving mine too, in response. Let's see if you can do anything seriously, or just talk a bunch of imprecise doom and gloom. As soon as you get precise, you are likely going to be proven wrong (like what happened with your ongoing earlier in the year complaining scenario outlining $350 to $500 "forever")... .. hahahahahaha.... .and your personality kind of reminds me of Shroomie.. are you not shroomie? |
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You're one of the ultra rare lucky ones. Talk to the thousands of people with money in Mt Gox, Bitinstant, ButterflyLabs, Gaw Miners, MyBitcoin, Pirates Ponzi, Bitcoinica, Bitscalper, Inputs.IO, Vicurex, Cryptorush, TradeHill, CryptoXChange, GBL, Just Dice, Bitcoin Rain, The Silk Road Seizure, Sheep Marketplace, BS&T, PicoStocks, Bitfloor, Basic Mining, Mintpal and many, many others.
Why is Just-Dice on that list of ponzis, scams, hacks, and thefts? Just-Dice took care of the over 60,000 BTC entrusted to it and returned it all when it shut down. Ok, you found one that was corrected. The point remains that Bitcoin facilitates loss in a way that no other payment system does and has no insurance or fraud protection covering it. I was one of the lucky ones that made money when you could mine with a gpu at almost no cost other than electricity. From now on, people will need to put their own money in to it and they will only make money if they live long enough to see an enormous increase in the exchange rate. It's a gamble that may pay off but it's high risk. There are many secure investments that pay 10-20% a year. If you start today with $10,000 and average 20% a year for 20 years, you'll have over $380,000. Add $2,000 a year to the pot, and you'll wind up with $756,751 after 20 years. Granted, 20% a year is not super easy to achieve. But even if you only make 10% a year, you're still going to become very wealthy over the long term. People are getting scammed or throwing their money at gambling bitcoins because the return isn't happening fast enough for them. They should simply try a stable long term investment. Yeah, right... Name some of these "for sure 10%" a year risk-free investments? Index funds are amongst the most stable long term investments, and mine only earned on average a bit over 5% over the past 15 years, and sure maybe there could have been ways to apportion them better for greater gains, but to securely earn 10%, I doubt it. On the other hand, bitcoin seems to be a fairly decent bet... sure it may not be completely secure (well, we know that it is not), but gaining more than 5% per year seems to be very likely, and possibly even more likely to outperform traditional stock index funds in the next 20 years... Sure there is some gamble, and maybe even some need to be interactive with bitcoin and dollar cost averaging or even big swing trading may help to enhance a bitcoin portfolio's performance in the upcoming 20 years. There are 10-12% return investments that aren't hard to find. I've averaged 14% a year on a WSIB Real Estate Investment Trust. The problem is you need investment money and the knowledge to know what's right for you. That's hard to do if you think a good job is a signature campaign on bitcointalk. You are goofy and inclined towards unnecessary attempts at personal attacks. You may have gotten lucky with your particular investment fund, but these supposedly safe investments that assuredly earn 10% or more per year are not easily in grasp for regular people... even if we are talking about fairly modest investments of $10k or $20k. Yeah, your signature already shows that you are ideologically against signature campaigns for whatever reason, and I could give a ratt's ass about your opposition because I do not have a problem with them which I suppose is reflected in the fact that I started to participate in signature campaign activities in about October 2015. I may have earned close to 1 bitcoin from my so far participation in signature campaigns, and my rationale for getting into signature campaigns was to add free BTC to my BTC holdings for activity that I already partake in.. so it really does not change my activity. Also, before I began to participate in signature campaigns, I was not bothered by viewing the postings of other members with signatures, so therefore, I did not suffer through any kind of moral dilemma regarding whether I participate in such practice. Anyhow, your problem with signature campaigns is your bug-a-boo, and likely you have troubles accepting other widespread practices too, though you still seem to enjoy participating in this forum that facilitates such signature campaign practices. Go figure??  |
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