dont buy now. wait till its nice and flat and hopefully crashed out. we are looking for cerca $450. If it doesnt crash to cerca $450, wait for an up trend to resume.
this will take weeks maybe months.
yea i believe what you are saying because when it was at 1000 and suddenly went to 988, i bought but quickly cancelled. later it went to 500 hopefully it gets lower from here and i think ill wait even if it goes back up doesnt matter to me (I rather hold in the long run) there is something to be said for buying just a few right now, you see if the price goes up from here and breaks the down trend, the risk reward setup is terrible for bulls. |
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dont buy now. wait till its nice and flat and hopefully crashed out. we are looking for cerca $450. If it doesnt crash to cerca $450, wait for an up trend to resume.
this will take weeks maybe months.
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Somebody give that man a bitcoin! top notch work!
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this thread scores 9 proudhons out of 10, or 9 'poots'.
great effort
 haha |
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revolution is never pretty.....
and what do you think is the fair value of bitcoin then?
why dont you just be thankful and grab some cheap coins.
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it might be a bit spooky if it was 666.66.... but 666.67 just aint there.
it was 666.666666666666666666666666666666666666666 but rounded up. oh I guess thats pretty spooky then. |
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it might be a bit spooky if it was 666.66.... but 666.67 just aint there.
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Hi,
Do you think it's a good idea to buy BTC at 565€ ?
Thanks,
AFox
I wouldnt say terrible for buy and hold, but it certainly has the potential to go lower at this point. dont buy now. ask again later =P |
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Im in it for the long run. Im gonna hodl. whats the damn problem? Im not greedy.
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I think 6BTC is enough for anybody btw. no need to spend all your money.
lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time. 6..... because thats roughly the same amount I have. nobody aught to have more than me. the percentage of the global money supply you will own in this case is a disgusting amount. 6 BTC will make you a millionaire probably (assuming a binary outcome) |
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Again, no it won't, but my tax attorney said that I need to stop betting on this stuff, so I won't be betting any more with fiat or bitcoin. If it does hit $1000 again (which I know it won't because of sources), then I'll send the next person to post...my guitar pick and one of my socks.
You just said you can predict the future. Are you being serious? Can your "sources" predict the future? I'm terrible at math, have no idea about stocks, trades or anything of that nature but do know one can't predict what will happen in the future. As I'm typing this I have not yet hit the post button. I predict I will click on the post button and I won't die and something bad won't happen right before I click it. 100% Guarantee. Let's find out!! Hint: If you are reading this, I predicted the future. Incorrect. this is only one statistical outcome and a far greater pool of data is needed to prove a positive correlation between your predictions and the future. |
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I think on a bigger scale than you do. dont be such a know it all, because you cant predict every swing. afterall, we are talking about bitcoin, and the best traders make money in the long run not the short run.
why do you hodl fiat? why dont you try day trading forex.....? cos you will loooooseee
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Its a once in a lifetime opportunity......... tough decision.
will you have to live on the street if you lose?
what about your family?
Personally, I would take the gamble. of coarse, you will need money to survive for the next year or two.... so not literally everything.
I think 6BTC is enough for anybody btw. no need to spend all your money.
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 Zero very soon. damn it you gave me a heart attack! |
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considering BTC has gone from 0.001 cent to 1000K or something like that, this is 10^6 ~ 10^5 growth.
to go to 100k a coin is only 10^2.
the hard part has already been done. the proof that you can go to a $10 Billion market cap is no longer theoretical. It is a historical fact.
Go back to before 2009 and try and convince any one this was ever possible, and be laughed at by well, every one, if not ignored.
It so great to see the "economists" and other luminaries be proven so wrong about BTC, time after time after time. They have pronounced it dead a few times now only to see it come back orders of magnitude stronger. Nothing in their learning, or understanding has every done this.
Plus the other benefits of btc, and the shear amount of fiat sloshing around, makes frankly a btc of 1 million a coin not seem that much, its only 10^3 away.
It's just that 99.9999999% of people have no idea of the amount of money sloshing around, where is all resides, and who has it, how much printing + waste is going on.
Most are just in a zombifies state of consumer crap plastic state off purchasing.
A flat good size flat screen tv cost less than a square meter of dirt in many capital cities. Let that sink in.
The fact that a book or theory like afluenza can get any traction shows how misguided people are, that now twe can buy crap, stuff, food, health care, etc etc we are affluent. Go and try and buy a house anywhere you'd want to live.
$1 million is [now] just a bundle of 1's and zeros on some state back computer system that has ceased any indication of value. See your purchasing power of FIAT, yes its going down isn't it, have you ever seen it go up in the long term?
I'm not sure most even in here have actually comprehend where this is going. The Cryto Currency space as a whole is going to leave reshape the entire landscape and cut out many many trillions in waste and poor decision making.
The magnitude of bad decision making at the public expense by govt's is in the 100's of trillions, a year.
The current Banking system costs, wages, realesate, IT alone which BTC tech replaces would be about 1/2 the banks total costs, per site.
There would be at least 1 million banks in the world, that cost at least an average of 500K to run p.a.. There's $250 Billion a year in savings just from BTC tech. That just a drop in the bucket for what sets a floor on BTC tech value.
middle class people within 15 years will be lucky to ever earn a BTC in their whole working life, within 25 years a single BTC will sufficient for be dynastic wealth.
The one caveat is it may not be BTC is could be some other coin, or bundle of coins, so you have to diversify. However it won't be a gov coin, or a closed source coin, those models are incompatible with BTC tech.
Yeah, but it reaches a point where the market cap begins to have some massive effect on the global economy. we are not on the radar yet, but it will be difficult to pass 500 Billion. yeah it's not improbable though... at this point in time I would say it is unlikely to pass 2 trillion market cap. the implications are too severe. Apple had a near $1 trillion market cap, it can disappear tomorrow without much on an effect on the market. The houses and roads will still be there, your rent or mortgage to pay, transport costs, buy food to eat etc etc 1 trillion is nothing these days. Even I have managed multi billon dollar projects, and I'm nothing special out of the ordinary. really? apple 1trln? maybe I make another guess then. |
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This is elliot wave analysis. it does not entail anything only gives potential price targets near the end of waves. the market responds in predictable ways to unexpected fundamental shifts. but the shifts are still unpredictable....
I reckon when the price is mainly determined by what people's gut reaction is and doesn't depend on how well a business is doing (like stocks and shares) then maybe it IS more predictable. People watch that chart and they react a certain way - so it's very likely to repeat. Bitcoin is much more likely to follow repeatable trends than any other currency or stock price. That's just my humble opinion. yeah sentiment is a huge component. when everyone is cheering for a bull market, who is left to buy? nobody = 0 demand = fall in price. |
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several hundred billion is still good!  indeed we would be virtually rolling it in. |
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chessnut, please elaborate on "implications too severe." Thanks.  There are only a few hundred trillion dollars in the world... many other large markets take share of this market cap and it's is very competitive. also, there can only be so many millionaires made by bitcoin before it loses it's meaning. -So maybe you got me there, but what I mean is that the market cannot remain denominated in USD while bitcoin has a market cap of several trillion. The implications of a larger market cap are very severe, but by then you couldn't measure it in dollars. Okay. I think I get your point. You are saying that Bitcoin cannot be a perpetual millionaire minting factory as the global economy is a fixed size? As Bitcoin's economy expands, the USD and other currencies will lose market share of the global economy. That makes sense. Thanks for explaining. I think it will happen anyway, bitcoin or some other crypto. I don't think the global economy will shrink due to Bitcoin. It's possible for the Bitcoin economy to increase the size of the global economy via efficiency gains, productivity, job creation etc... However, in dollar terms, I can definitely see economic contraction. I know many here are betting on inflation but I suspect deflation will hit first. Inflation might follow later as a consequence of central bank responses. However, the next money printing adventure might just end in stagflation and political turmoil. Overall, I expect Bitcoin's economic growth rate to overcome the USD's deflationary forces caused by QE taper. yeah thats what I mean, if theoretically the max market cap is the global market cap, it becomes exponentially unrealistic for BTC to approach that number. If we consider commodities and stocks to be in fact equivalent to USD, we cannot expect BTC to replace these in market cap. If bitcoin market cap were to exceed more than a few trillion (thats a guess) it would imply a new world order. the USD out and probably many other currencies. I just dont want to sit on my computer as a speculator and plot a new world order..... so Ill say the best market cap that BTC is likely to achieve is several hundred billion. |
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chessnut, please elaborate on "implications too severe." Thanks. There are only a few hundred trillion dollars in the world... many other large markets take share of this market cap and it's is very competitive. also, there can only be so many millionaires made by bitcoin before it loses it's meaning. -So maybe you got me there, but what I mean is that the market cannot remain denominated in USD while bitcoin has a market cap of several trillion. The implications of a larger market cap are very severe, but by then you couldn't measure it in dollars. and by severe I mean new world order. |
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considering BTC has gone from 0.001 cent to 1000K or something like that, this is 10^6 ~ 10^5 growth.
to go to 100k a coin is only 10^2.
the hard part has already been done. the proof that you can go to a $10 Billion market cap is no longer theoretical. It is a historical fact.
Go back to before 2009 and try and convince any one this was ever possible, and be laughed at by well, every one, if not ignored.
It so great to see the "economists" and other luminaries be proven so wrong about BTC, time after time after time. They have pronounced it dead a few times now only to see it come back orders of magnitude stronger. Nothing in their learning, or understanding has every done this.
Plus the other benefits of btc, and the shear amount of fiat sloshing around, makes frankly a btc of 1 million a coin not seem that much, its only 10^3 away.
It's just that 99.9999999% of people have no idea of the amount of money sloshing around, where is all resides, and who has it, how much printing + waste is going on.
Most are just in a zombifies state of consumer crap plastic state off purchasing.
A flat good size flat screen tv cost less than a square meter of dirt in many capital cities. Let that sink in.
The fact that a book or theory like afluenza can get any traction shows how misguided people are, that now twe can buy crap, stuff, food, health care, etc etc we are affluent. Go and try and buy a house anywhere you'd want to live.
$1 million is [now] just a bundle of 1's and zeros on some state back computer system that has ceased any indication of value. See your purchasing power of FIAT, yes its going down isn't it, have you ever seen it go up in the long term?
I'm not sure most even in here have actually comprehend where this is going. The Cryto Currency space as a whole is going to leave reshape the entire landscape and cut out many many trillions in waste and poor decision making.
The magnitude of bad decision making at the public expense by govt's is in the 100's of trillions, a year.
The current Banking system costs, wages, realesate, IT alone which BTC tech replaces would be about 1/2 the banks total costs, per site.
There would be at least 1 million banks in the world, that cost at least an average of 500K to run p.a.. There's $250 Billion a year in savings just from BTC tech. That just a drop in the bucket for what sets a floor on BTC tech value.
middle class people within 15 years will be lucky to ever earn a BTC in their whole working life, within 25 years a single BTC will sufficient for be dynastic wealth.
The one caveat is it may not be BTC is could be some other coin, or bundle of coins, so you have to diversify. However it won't be a gov coin, or a closed source coin, those models are incompatible with BTC tech.
Yeah, but it reaches a point where the market cap begins to have some massive effect on the global economy. we are not on the radar yet, but it will be difficult to pass 500 Billion. yeah it's not improbable though... at this point in time I would say it is unlikely to pass 2 trillion market cap. the implications are too severe. |
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