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24121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2016, 06:02:19 PM
dammn nigga i just sold before panic selling. Any explanation why this bug?


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).
24122  Other / Off-topic / Re: What is your plan to get rich with Bitcoin? on: July 09, 2016, 10:54:41 AM
I'm just trying to accumulate as much as I can through trading and a signature campaign. It's really hard to do with the price so high right now. If the price doesn't go up quickly then we still have tome to gain some to hold on to for long term.

Me too. my ways of getting bitcoin are same as you. trading and participating in signature campaign. and I don't think I could become rich with these low amount of earning. but I am happy because I am able to complete my daily life needs and supporting my family little bit.
hope one day I'll get a better chance to earn and become rich.
signature campaigns can help your in spending from other like tuition fee , daily food , bills it can helps a little but its a big for your daily life you can your own money.

Yes you are right but it cannot make help you rich. If you are going to depend with signature campaign and you want to be rich.
Signature campaign is not the best way for it.
I will just believe that someone can be rich with bitcoin if he is a good trader.


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.

You just need to be good at it and you need to always monitor the fluctuation of price of the alt coins you are going to buy.
And that is really going to be good if you are going to study first and be a good trader.

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)

You are right it is good to start out trading with just a small amount because you are going to able to manage that good or it is a good start so that if ever you loss your trading.
That's not going to be a big deal at all.

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.
24123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2016, 10:29:36 AM
oh fuck, i didn't think the level of lame dumb-ass FUD couldn't get any worse ... and then it just did

It's FUCD. Don get it twisted, institutional investor JayJuan"AllMyCoinsOnExchange"Gee said so. Buy Buy Buy! Or, just keep hodling like Marcus, he ain't no fool buying $600 coins.

(Is dragon sleeping again? He looks a little droopy going into the last "bullish backstory for loose rubes" event pre-2020.)


Well, thanks for thinking of me, dumbfbr.   Wink

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
24124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2016, 10:16:21 AM
86






Yes, I think this picture sums up very well the upcoming Bitcoin halving.  Bring back usability to Bitcoin, development team, or forget it and let's think about another Crypto currency.

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.
24125  Other / Off-topic / Re: What is your plan to get rich with Bitcoin? on: July 09, 2016, 04:02:15 AM
I'm just trying to accumulate as much as I can through trading and a signature campaign. It's really hard to do with the price so high right now. If the price doesn't go up quickly then we still have tome to gain some to hold on to for long term.

Me too. my ways of getting bitcoin are same as you. trading and participating in signature campaign. and I don't think I could become rich with these low amount of earning. but I am happy because I am able to complete my daily life needs and supporting my family little bit.
hope one day I'll get a better chance to earn and become rich.
signature campaigns can help your in spending from other like tuition fee , daily food , bills it can helps a little but its a big for your daily life you can your own money.

Yes you are right but it cannot make help you rich. If you are going to depend with signature campaign and you want to be rich.
Signature campaign is not the best way for it.
I will just believe that someone can be rich with bitcoin if he is a good trader.


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.

You just need to be good at it and you need to always monitor the fluctuation of price of the alt coins you are going to buy.
And that is really going to be good if you are going to study first and be a good trader.

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)
24126  Other / Off-topic / Re: What is your plan to get rich with Bitcoin? on: July 09, 2016, 03:44:24 AM
I'm just trying to accumulate as much as I can through trading and a signature campaign. It's really hard to do with the price so high right now. If the price doesn't go up quickly then we still have tome to gain some to hold on to for long term.

Me too. my ways of getting bitcoin are same as you. trading and participating in signature campaign. and I don't think I could become rich with these low amount of earning. but I am happy because I am able to complete my daily life needs and supporting my family little bit.
hope one day I'll get a better chance to earn and become rich.
signature campaigns can help your in spending from other like tuition fee , daily food , bills it can helps a little but its a big for your daily life you can your own money.

Yes you are right but it cannot make help you rich. If you are going to depend with signature campaign and you want to be rich.
Signature campaign is not the best way for it.
I will just believe that someone can be rich with bitcoin if he is a good trader.


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.
24127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2016, 01:34:27 AM
89  (but who's counting?)

24128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2016, 09:56:46 PM
As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.


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.
24129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2016, 08:31:19 AM
To me it seems that Monkey is better at technical analysis with standard commodities and larger scale currencies because they are traded on much bigger markets with much smaller percentage price swings based on much more players in the market attempting to manipulate the prices.

Bitcoin, on the other hand, is a much less mature market with likely a much smaller community that is able to manipulate it in considerable ways in order to defy technical analysis, no?

I guess what I am saying is that a smaller amount of capital seems to be capable of manipulating BTC in ways that overshoot and purposefully manipulate and purposefully force the closing of shorts and longs, which would take much higher levels of capital in other markets.. and the more sophisticated players can manipulate a large number of smaller (maybe even amatuer) players that seem to be playing bitcoin.

Seems to me you hit the nail pretty square.  I keep squeezing him for crypto forecasts, but I haven't found a way to interpret them in a suitably consistent  way so far.  More training might help.  I should add some CNN/RNN layers in my copious spare time, maybe some sentiment and news analysis too!  Alas, life is short and full of joyful diversions.


Each of us have our predilections regarding how we approach problems, and I am fairly a novice in terms of BTC trading, and really I have only traded BTC on any kind of active basis starting since October 2015.  

Initially, I did not believe that BTC trading was either in my interests about how I wanted to spend my time nor my talents in attempting to make any kind of exact prediction, but I have kind of come to realize that some level of BTC trading seems to be good in order to preserve the value of my investment and also to cause some safeguards for my investment for BTC price movements in either direction.  

Mostly I have resorted to preparing for short term BTC price movements in either direction without changing my bets considerably, except a kind of assumption that in the longer run BTC prices are most likely going to be going up and sometimes I will have little inclinations here and there regarding the price in the shorter term, that sometimes turn out to be correct and other times not so much in the correct territory.  


regarding joyful diversions, watching BTC prices and fundamentals and changes in the space can sometimes be fun, too... hahahaha
24130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2016, 07:36:22 AM
Checked with my monkey, despite that he never seems to do well with crypto on sub-hour or daily + bars.  (Still doing quite will with FI, commodities, FX and equities though, on all scales -- kept me profitable every single day since Brexit, on hedged trading of swings in Equities, ETPs, sovereigns, and gold.)

Monkey thinks it looks grim daily right now (which could just be how a bear trap looks to the monkey), but in 2-6 weeks expects BTCUSD shooting for 975, and with some confidence.  He indicates that any serious correction or protracted sideway movement is probably 2 months away, and expects a general longer-term uptrend.

Intraday, the monkey thinks it is just beginning a little ramp up, right now, which should run a few hours.  Not sure it can break out of the 640s, in that time, but if it does, look for a continuation trend towards 677.  Current intraday support is  618.  These are coinbase prices.

On the daily chart support is 444, and resistance is 851.  STARC band is 580 to 742, daily.

The last intraday bottom was called out most clearly by the monkey when he was looking at 2 hour bars.  On that scale, he thinks we're in a downtrend likely to turn up in 14 hours or so, but he's wishy=washy and thinks it could flip to an uptrend on that same time scale at any moment.  On the one hour bars where he has also been doing pretty well lately, he thinks it looks like a 9-12 hour uptrend may be beginning now, and places resistance at 680, with 633 possible support.

I don't generally agree with the monkey on crypto, but he's pretty even-handed and usually or or another of his scenarios can be picked out as more likely using coarser indicators, stoch rsi, or such. where the 2 hour on Huo-bay-bi is starting to look like it has some serious upside potential.

If I had to pick one of his scenarios to trade, I would be going long, if I weren't already at an appropriate upside risk level on other grounds (which I am).

You can look at the June22 and July7 lower bounds as a pair of higher lows, lacking only a higher high above 4750 yuan, or 705 BFX, to be a confirmed uptrend, which wouldn't be likely to happen before July 15, in any case.




To me it seems that Monkey is better at technical analysis with standard commodities and larger scale currencies because they are traded on much bigger markets with much smaller percentage price swings based on much more players in the market attempting to manipulate the prices.

Bitcoin, on the other hand, is a much less mature market with likely a much smaller community that is able to manipulate it in considerable ways in order to defy technical analysis, no?

I guess what I am saying is that a smaller amount of capital seems to be capable of manipulating BTC in ways that overshoot and purposefully manipulate and purposefully force the closing of shorts and longs, which would take much higher levels of capital in other markets.. and the more sophisticated players can manipulate a large number of smaller (maybe even amatuer) players that seem to be playing bitcoin.



24131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2016, 05:32:14 AM
IT DOESN'T LOOK GOOD!

If you want to have any gains from bitcoin or avoid further losses, then you should sell all your bitcoins now. We are in a clearly confirmed long term downtrend toward historical analysis lows based on all confirmed forum data and databases confirmed by all government sources. These are just the facts.


So, you are saying we should sell all our coins and then maybe buy back in at a lower price, like maybe what price?  $500s?  $400s?  $300s? or some other price?

And, then what would be a better investment than bitcoins?  Just keep the proceeds in dollars, or you have some other suggestion?  PMs?  Real estate?  Stocks? or some other crypto? ETH?  DAO? WAVES?

My bitcoins have been doing pretty good in the past year-ish, and the future seems pretty bright for bitcoin with ongoing development, adoption, decent press, halvening, seg wit, lightning network, pretty much resolution of the blocksize debate with the discrediting of a lot of the big blocker nonsense (XT, Classic and Gavin, for example), but if you are saying sell all the bitcoins, then maybe I need to consider other options, no?  especially, if you could possibly know what you are talking about, especially if you are saying the confirmed data suggests to sell, no?

Is that confirmed data, also known as FUCD spreading, or is it real, like real, real?
24132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2016, 02:21:05 AM
[edited out]


Yes .. I know... it is a bit delusional ... I have to admit that you have a point.

But till now I gambled on the edge of each pump/dump... I always got out just in time! ... But I was lately a coward and took no action very much, because I was very confused.

And the reason for my confusion was that I wasn't seeing the pattern... And this one now it will be a full blown bubble out of proportions like the two other ones and we are where I said we are... Or it is just a similar rally, like the one we had from September > February.  But it is one of those two 100% .. but I feel that I'm more inclined toward the ultra bubble, but the timings are way, way, way off... as I said "The No Rush Bubble!" ... I tried to compare it to the other 2 bubbles and I can tell you those moved very fast! This one moved very slowly! ... But the actual problem is that its the same similar "W" pattern like the last one especially.

None of us know for sure, and yeah, we could get an exponential growth spurt that takes us beyond the previous ATH and into the $3 to $5k territory, and potentially beyond; however, I believe that this particular pending bubble is likely to experience a few more profit taking and even a slower and longer upwards spurt - mostly because there are more tools available for rich folks, bears and anti-bitcoin folks to take measures to bet on downwards and also to attempt to push prices downwards.
24133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2016, 12:57:47 AM
ok, time for a rebound!  Smiley  700 by tomorrow then 800 by Saturday  Grin

Lol!
You know there is an actual end to the rise of btc price don't you? xD
The price just can't goes up and up for eternity!

You are probably looking at the wrong charts... The bubble hasn't stopped, it is somewhere between 5-15% of its course. The traders are just shaking the trees for more pears&apples.

it is supposed to be something like this:

         A
         | \
         |   \   _
         |     \/  \         ...........
         |           \      /
         |            |  _/
         |             \/
         |
         |
         |
         |
         |
         |
 /\     |
/  \    /
     W       <------  WE ARE HERE!!!



*Edit: That is how the last 2 bubbles worked out... but this 3rd one is acting strange.. like its taking its time or something like that... I can name it : "The No Rush Bubble!"
 

O.k.... If you are referring to the last two bubbles in 2013, then you might expect some parallels; however, it seems quite unrealistic to expect the bubbles to play out in the same way... (even though coincidentally, it is possible that we could get lucky and experience them in exactly the same way).

What I mean is that bitcoin is between 2 1/2 and 3 years older, and quite a bit has taken place in the bitcoin space during the elapsed time... including but not limited to developments, liquidation avenues, adoption avenues and shorting tools (opportunities) and even broader adoption and possibly government attention. 

Possibly all of these factors could turn out to be a wash, and maybe the bubble (once it gets going), will play out very similarly to the 2013 bubbles, but there is something erroneous in developing some kind of reliance upon such.
24134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2016, 11:40:19 PM

The price is definitely going up from here. 100%. Guaranteed. I promise you.  You should re-mortgage your house

Already did, was offered a once in a lifetime opportunity to get in on the ground floor of a paradigm-shifting disruptive technology. The guy said to give him the money and he'd be right back. Well, I waited for almost 6 hours and then a cop pulled up and asked me what I was doing there at 3 AM. Anyway, you probably don't want to hear this, but do you have any other ideas?


Did the guy tell you that he was the CEO of bitcoin, you gullible and retarded fuck?
24135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2016, 11:37:42 PM
594 on BTC-e Sad I was promised we would *never* go below 600 Cry

Don't be an idiot.

First:  BTC-e is not reflective of overall BTC prices, HELLO?


Second:  If anyone tells you "never" in relation to bitcoin, then by definition, they must be either misleading or misinformed or more likely, you are making shit up in order to act like a drama queen...  Roll Eyes Roll Eyes

I guess I should stop trusting people so much. They seemed nice . . . you're not even nice, you're just rude.

Stop being a sheeple and think with your head on your shoulders for yourself... learn to suspect everything and everyone spewing new information that you don't know or doubt. This place is full of trolls and propaganda bears!

Get your own mindset, Line&Train of thought! Chuuu! Chuuu!  Cheesy

The price is definitely going up from here. 100%. Guaranteed. I promise you.  You should re-mortgage your house and spend all of the proceeds on buying BTC immediately.  It's really quite obvious. The price will *never* be this low again. Cheap coins, etc etc.


Are you going to stand by your assertions?  Bitcoin prices are going to be moving up and beyond the lower $600s?   

Hopefully, you are correct, but I guess that I am too much of a chickenshit to leverage in any way in regards to the upwards betting direction.


But this latest downwards price correction did again put me in a very decent stocked up on bitcoins place, and I am very happy with my stash.. Even though I did miss out on buying very many coins between $620 and $605... that's o.k... I'm still feeling pretty stocked up with the drop to $620.   Wink Wink
24136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2016, 11:31:10 PM
594 on BTC-e Sad I was promised we would *never* go below 600 Cry

Don't be an idiot.

First:  BTC-e is not reflective of overall BTC prices, HELLO?


Second:  If anyone tells you "never" in relation to bitcoin, then by definition, they must be either misleading or misinformed or more likely, you are making shit up in order to act like a drama queen...  Roll Eyes Roll Eyes

I guess I should stop trusting people so much. They seemed nice . . . you're not even nice, you're just rude.


Sounds like your inside of some kind of fictional trolling fantasy to get caught up upon whether personalities are "nice" or not.  You should not expect anyone to communicate with you politely when you are engaging in such non-contributory, and apparent attempts at FUCD spreading posts.
24137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2016, 09:51:11 PM
594 on BTC-e Sad I was promised we would *never* go below 600 Cry

Don't be an idiot.

First:  BTC-e is not reflective of overall BTC prices, HELLO?


Second:  If anyone tells you "never" in relation to bitcoin, then by definition, they must be either misleading or misinformed or more likely, you are making shit up in order to act like a drama queen...  Roll Eyes Roll Eyes
24138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2016, 05:15:10 PM
Those of us stuck in the UK no longer have to worry about a falling Bitcoin price as the pound is falling even faster. Great stuff if you never need to buy imports or go abroad ever again.

British Pound is up almost 1% today agains the USD.

BTC dumped ~6% today.

Wrong day for you Post sir! Smiley


Usually it is safer to zoom out a bit, rather than getting caught up in any particular pump/dump on any particular day, such as today, Sir...  Wink

Will we go below $600?  

 More importantly, will we go below $500 before we go above $778?  We are closer to $500, but it seems that $778 has a bit better overall upwards pressures.  Thoughts?
24139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2016, 05:11:37 PM
Im not very happy with a dump. but it would not be suprising me.
we had already a halving-pump. so the halving-day could have no effect on the course anymore.
just like it in LTC happend.

be cool and hedge you btc with some alts.. so you will win in every case  Cool

I hope we get a crazy-moving course in the rest of 2016. not such downcrawling shit as in 2014 after the mega-pump.


The 2013 pump was a completely different thing.

-We made constantly all-time highs when we broke 250$ back then.
-There was no leverage trading.
-almost no short trading
-less coins overall
-Willy bot
-no Bag holders.


I am not saying this can't happen again, but it's less likely. I expect a lot of sideways after we found new true support. Who knows where it is, I don't have a crystal ball.

sure. 2013 it was a chinese investment wave... this coud be happen any time again. Roll Eyes
after that there were are lot of unsecurities with gox and so on in the market.
now we have a neverending blocksize-war...

hm... dont know the statistics but i`ve mentiond the most things in this time.
-guys who makes big money with shorting btc again and again.
-guys who dont sell at the peak duo to tax reasons: bag holder?
less coins but enough....



It appears that you are engaging in wishful thinking rather than any kind of meaningful assessment regarding what is really going on with bitcoin, and the reality remains ongoing buying pressure on a global level, especially after the price went above $500.  Did you notice that?  The price went above $500, after being pushed down, largely in the $200s for nearly a year.

On the other hand, if price goes below $500 for any meaningful time, there could be some semblance of actuality in your lame attempts at btc price prediction.
24140  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: July 07, 2016, 07:03:51 AM
[edited out]

It's already difficult making assuptions and speculations in terms of absolute values. Probabilities would be better, but this way you lose the point of an estimation. The estimation is a simple idea of what is it worth for you. If you put probabilities you could have an infinity number of estimations which makes no sense.

It is neither impossible nor necessarily confusing to outline probabilities for various scenarios. 

Below are two probabilities' projections that I made.

The below first one I made on March 7, 2016:


500$ btc when?

Probably as a result of the block reward halving, so in the summer. Nobody can unequivocally tell you that though.


Yeah...... I agree generally summer-ish.

Based on current market dynamics, I would predict going above $500 to be anywhere between 1 day and 2 years.


In my current thinking, the range of probabilities of going above $500 would look something like this.

1-5 days   = less than 2%

6-15 days   = less than 8%

16-30 days  = about 20%

31-60 days  = about 30%

61-120 days = about 50%

121-364 days = about 80%

1 year to 2 years = about 95%


Any better predictions?  


By the way, I would think that at this current moment and these current market conditions, most regular and somewhat knowledgable bitcoiners would also place the odds of bitcoin prices going above $500 first to be better than the odds of going below $300 first, but I'm sure that there are a number of outlier opinions on that.





Below is another prediction of probabilities that I made on May 10, 2016:




By the way bother, you shocked me when I saw you believeing in $25K - $250K within 5-10 years as I don't know if you re-call or not when we were talking on PM, you had nearlly 0.x% chance that we will reach those values within the given timeframe.

Don't get me wrong, you are a buddy and brother of mine, I just see and understand you are a bull and not a permabull like the minority rest of us.

I would like to know what caused to elevate your bullishness to that level, I'm extremely happy btw to see you crazy like us Tongue Grin

I understand what you are saying when you assert that it appears that I may have become more bullish in the past several months; however, really, in spite of the apparent inconsistencies, I don't believe that I have become more bullish than previously without some kind of actual reason based on actual market performance (at least, not in any significant or apparently contradictory way).

More or less, I think about it like this.  There is almost no way that the performance of bitcoin is completely mathematical (sure there is quite a bit of math involved in terms of network effects and reliability of the infrastructure etc) because it largely involves the behaviors (actions and reactions) of human beings.  So even though some things in bitcoin can be determined by math, we cannot really know how the behavior of human beings is going to play out and affect bitcoin in both positive and negative ways.

Look, we PM'd each other in September 2015, a week or two before bitcoin prices took off into a 2x bull run, in which none of us could have really anticipated, and also after nearly 2 years of downward price manipulation.  Those factors, and the place that we are at the moment, affect viewpoint - short term and long term and the various measures that may need to be taken in order to protect one's position (and investment).

There have been a lot of decent developments since September 2015, and also some real significant tests of the downside of bitcoin's price under those recent scenarios.  

Actually, when I PM'd you in September 2015, I gave you very specific probability ranges for various prices in the 5 year projection and the 10 year projection, and in my most recent post, I asserted "decent and reasonable possibilities of $25k to $250k".  Anyhow, I believe the outline of my September 2015 predictions and viewpoints can serve as a very decent thought experiment, and yeah, surely I would not mind filling those in again with actual guestimates of my feelings and viewpoint as of today.  If you want a follow-up post, then I will do it.. I think that it is a very good topic for this thread and for others to chime in if they want.


Thank at first my friend for getting my point the correct way and understood that I care for our friendship Smiley

Second, I would like to see a follow-up post please comparing your Sept. 2015 predictions and possibilities with the $25K-$250K and the reasons you believe in for the $25K-$250K ones as well.

I know this will take time and effort from you, thanks in advance and really so much appreciated, but as I always said, I always learn from you guys, especially from my dear friends, like you Smiley




Thank you for this discussion point. 

I believe it is a good thought exercise to consider our own views of the future and price possibilities (in our own thinking), and surely such an exercise can be specific and at the same time demonstrate how our subjective feelings can materialize into somewhat evolving views of probabilities. 

Here’s the substance of what I predicted to you via PM in late September 2015.


Probably, the below is a decent snapshot of my opinion... [regarding] 10 years and $100K

5 years:
less than $200 < 5 % chance
$200 to $300 about 5-10% chance
$300 to $500 30-40% chance
$500 to $1000 30-40% chance
$1000 to $5000 12-18% chance
$5000+ about 5% chance

10 years:
less than $200 < 2 % chance
$200 to $300 about 2-5% chance
$300 to $500 10-20% chance
$500 to $1000 20-25% chance
$1000 to $5000 15-20% chance
$5000 to $20,000 < 5% chance
$20,000 to $50,000 < 3% chance
$50,000 to $100,000 < 2% chance


Here’s my current speculation, and I feel that my numbers have not changed too much.  Of course, I am no expert, and I am kind of guessing off the seat of my pants and based on the totality of my current information and impression of circumstances regarding how the space has been developing:

5 years:
less than $200 < 2 % chance
$200 to $300 about 2-5% chance
$300 to $500 5-25% chance
$500 to $1000 25-40% chance
$1000 to $5000 8-30% chance
$5000+ about 8% chance

10 years:
less than $200 < 1.5 % chance
$200 to $300 about 1.5-3.5% chance
$300 to $500 3.5-15% chance
$500 to $1000 15-22% chance
$1000 to $5000 20-40% chance
$5000 to $20,000  5-15% chance
$20,000 to $50,000 3-10% chance
$50,000 to $100,000 < 3% chance



I would be interested to see how others plug in these kinds of predictions.










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