If it has NO price, then who's gonna buy them?

Yeah, but generally speaking though, in these threads, we refer to dollar trades on Stamp as the general reference price and market movement and/or performance, unless you are attempting make a more narrow and specific point.

Yes, we do have a bit of a distance to go, and surely getting out of the $200s would be a positive sign - even if NOT inevitable in bringing us to $10k or further

YOU are fucking CRAZY.....   

Anything under $1,000 is a good deal. 


Remember the good ole days, when we used to say that? 

Yes, it is good for you to qualify your assertion - especially since in the BTC space, we have experienced quite a few ambiguities regarding translations and culture, etc etc. when it comes to China news.

hahahahahahahahahaha

You going to take back your previous comment regarding "stagnant through December"  ?

Thanks for the link.  That's a very interesting development to potentially drive BTC prices skyward.

 

Currently, there appears to be quite a few indicators that BTC prices are transitioning into reversal - meaning that maybe this time for sure we are leaving the fairly long bear market.  Accordingly, it seems even more necessary to prepare for some upward BTC price surges (even though we will likely experience several ups and downs along the way to the moon).

I think that I have created a pretty decent tentative rake plan that draws from concepts in this thread and according to my own individual particulars, and that is going to involve both raking and reinvesting. 

Even though my tentative rake plan is NOT as "simple" as the one set forth by op,  it still borrows fundamental concepts from the principles of projecting ahead and then establishing various criteria and triggering points. 

For me, these criteria are NOT exactly set in stone, but they are pretty solidly predetermined in order that I am able to act quickly when the predetermined BTC price points are triggered. 

My current projected rake plan involves raking approximately 6% the first time when my overall BTC holdings are at approximately 66% profits.  Thereafter, my rake is projected to be 3.3% each time that my BTC portfolio reaches an additional 33% profits.

Furthermore, my rake plan involves completely taking out 50% of the rake proceeds and holding the other 50% of the rake proceeds in a BTC reinvestment fund that will be triggered in approximately three stages (of equal amounts) - in the event that BTC prices subsequently drop 9% then 7% and then 4% (which in essence would cause the total amount of the reinvestment portion of the rake proceeds to be reinvested by the time BTC prices dropped 20% lower than my rake price, if such a drop were to occur).

I would be interested to hear about any other interesting and/or individualized tweaks to the SSS plan that others may have made.






 

Jorge:  Actually, I tend to like to bash you for providing crappy information...

The above post is an exception, and I find it a very informative summary of the auction situation.  Thanks for that contribution.

That's what I was trying to say, but you said it much better....

 

In other words, let the CCMF continue.

You are correct that sometimes consolidation comes into play after periods in which the sides seem to be battling, yet the price is NOT really moving, and this could be one of those times.

Even though several of us who are bullish regarding would welcome some additional upward price action, several of us also don't mind spending more time in these $200-ish territories in order to continue to accumulate BTC.   

I will concede the point that there is potential there, and in that regard, there could be intelligent strategies to enter and to exit into alt coins  - especially if you can time your entry and exit well and during times that BTC prices are either stagnant or going down.  On the other hand, you could a whole hell-a-va lot if you time it badly and if that timing is further magnified by your missing considerable BTC appreciation that could also take place at unexpected times.

In other words playing alts can be risky like gambling if you do NOT do your homework or employ some strategic and informed timing of your trade actions.

You still have provided little to NO rationale for your assertion.

There is a lot of volume and even record breaking in some perspectives  - also the mere fact that BTC prices have been largely floating in the $260s for the past few days, provides little rationale that they are likely to remain here.  I could see some foundation in your statement if the volume were a lot lower or if the price had been at this point for a lot longer.

Neither the fed auction nor the holidays would significantly impact some price break-out, because there are other potential overriding forces that seem to be brewing... and people seem to becoming generally more interested in getting involved in bitcoin, in spite of upcoming holidays

Now that sounds like gambling, unless you have some insider knowledge.

What's your basis for that statement, and what exchange are you using?

Seems to be a kind of FUD-ish assertion without much if any foundation to justify it.

YEP... seems kind of strange, and mostly difficult to believe ... because if you gamble, the odds are stacked against you and more likely than NOT, you are going to lose most, if NOT all, of what BTC holdings you have.

You forgot about 5) working for either fiat or BTC and converting that paid work to BTC.

Like I said, I do my trading manually - therefore, I am currently selling BTC as the price goes up, and I am currently buying BTC as the price goes down. 

My system presumes accumulation of BTC and presumes that BTC prices are inevitably going to go up and continue to go up, even though there will be volatility along the way that will allow me to continue to build my BTC stash during those periods of up and down (which seems inevitable in Bitcoinlandia).

I think that part of the reason that my system is hedged for success, so long as BTC prices continue to go up, is because I am only trading a small portion of my total BTC holdings in order that the total value of my BTC holdings will go up faster than I am selling any of it off, so even if the price does NOT come back down, the portfolio is still profitable because I am selling BTC along the way for more than I bought them... and I am ONLY selling those coins that are in the black (rather than some coins that I have that are in the red).   

Therefore, my investment seems to be covered either way, so long as in the long term the prices go up. and if the prices come back down, then I have cash in my BTC investment account that is designated and allocated for reinvestment in case of such eventualities. 

One of the difficulties with getting into a position to be able to implement my particular plan (or some variation of such) is that I have built a sufficient portion of my BTC stash that I am able to trade and the costs of those BTC are sufficiently below my selling prices.  I also have projected into my plan to completely cash out some portions of the holdings in the event that BTC totally fails, then I will have taken some of those profits off of the table  - hopefully getting to the point, some day, as some BTC investors have achieved, that all of my BTC investment is based on profits and to have withdrawn all of the initial investment principle.

The article, in no way suggests price movement in either direction, it only describes some of the current price dynamics and how we got here, which I believe is a fairly safe assessment.

Also, I believe that part of the point of my earlier post was to highlight the fairly ridiculous premise of earlier assertion that the poster should wait a week in order to decide what to do about his/her bitcoin...

Waiting until next week is all fine and dandy if this week ends up being an uneventful week in bitcoinlandia and full of consolidation-like price activities.

On the other hand, merely because there seems to have been a couple days gravitation towards lower $260s does NOT signify that BTC prices are going to stay in this range throughout this week.

It is possible, that we could experience some consolidation while bears and bulls reassess their positions - yet sometimes it could take only a few extra active and motivated whales to cause the volume to once again increase and the price to move - either way..... especially during the week, when there is a real decent ability to quickly put some fiat onto various exchanges.