It's all da china now  Watch them sell today and it all goes back to $230. Just so china can say eat it trumpiteers. China remains a factor, but China is not leading the rally. China has lost some credibility with the no fee exchanges and some of the lack of transparency regarding BTC holdings (trades) |
|
|
|
There's no way we're gonna keep going, is it?
I'm just guessing that maybe we can take a little breather at $666 in order to play a little numerology? $666 seems like a decent point to take a breath, but it could be that the BTC market is a bit too hot for that. I keep looking forward to the affect of the Fed auction on Thursday, and we will hear the results on Friday, with maybe some speculation between. It seems inevitable that the bids are going to have to be much higher than a lot of the bidders had initially considered to be within their expectations. |
|
|
|
You know Lord of the Flies? Imagine those kids all on crack? And I mean just chaining rock after rock, no sleep, no food...
*This is apropos of nothing, of course. Any resemblance to what's going on here now is purely coincidental.
Who is the character Piggy? We had to read that bull shit at school for an exam. It's just a representation of the dynamics and representation of sociology and psychology... |
|
|
|
Really, at this point, with this level of ongoing heat, $500 beckons. The price is pretty much coming back to where it should have been and even remaining quite below where it "should have been." Currently, BTC price should be well over $1,000, so we still have a ways to go to get BTC prices back into sync with where it should be. |
|
|
|
does anyone look at gemini, they are flashing 500.000 per bitcoin ask all the time...  well the twins have to sell their coins somehow - the ETF isn't ready yet Yes, I suppose that people say these kinds of dumb things to make themselves feel good. |
|
|
|
No sir, I was never a bear.. I had no choice in the matter
I'm sorry to hear that. I am sure that we cannot prepare for all contingencies, but if you were forced to cash out nearly 80% of your holdings, and if you were not a bear, then most likely, you had over-invested (and over extended yourself) to some extent. I was actually doing just fine, what it boils down to is someone was jealous and pretty much did the best they could to ruin my life... Actually towards the beginning of January 2015, I ran into some kind of unexpected problems too, dealing with someone who decided to engage in vengeful conduct. Accordingly, my finances were considerably affected by the behavior of that vengeful person. luckily I did not have to sell any bitcoins at the low in the market, but I was hampered in my ability to take advantage of extended periods of low prices, which further hampered me in creating various strategies to cope with the prolonged stagnant period of BTC prices. Beginning in April, I was kind of able to begin to buy coins again, and my abiity to buy coins improved over the summer and even into August... and in essence, I was able to accumulate quite a few coins in the $200s - even though it was much fewer in the event that my persona situation had not been so hampered by another persons rash behavior(s). |
|
|
|
Damn I wish I had 400!, or anywhere near that, even 100, hell, I'd be happy with 30 at this point lol. I HAD over 25 btc, now I have like 5.5  Yes, getting rid of nearly 80% of your holdings could NOT be good thinking, and it really probably indicates that you were bearis about bitcoin. I feel a little bit bad about some of my aggressive attempts at trading BTC, and therefore my actual BTC holdings are nearly 3.5% down from their peak, but I am using some coins to attempt to hedge in both directions - nonetheless, whenever BTC prices shoot up, I experience some regrets about the number of coins in my holdings No sir, I was never a bear.. I had no choice in the matter I'm sorry to hear that. I am sure that we cannot prepare for all contingencies, but if you were forced to cash out nearly 80% of your holdings, and if you were not a bear, then most likely, you had over-invested (and over extended yourself) to some extent. Certainly, I am NOT trying to be judgmental or critical because many times things can go in much of a different direction than we had expected.. and then things come up in life and then bears have been really successful in the past year or so in keeping down the price... but in the end, even a low price for a year, is kind of within what should have been expected and to be prepared for such, no? Well, Certainly, I believe that there still is a lot of money to be made from bitcoin for those people who are smart enough and willing to recognize and admit that bitcoin is still in its very early days... and we are currently seeing some pumping and some attempts at dumping, and the battle, in essence is being won by the bulls... at least that is our current momentum. We have an auction coming up this week, so interesting times ahead. I am currently not suggesting that we are completely cleared from the bull market, but it seems pretty fricking good, especially the quantity of volume of trade that has been going on in the past nearly 12 weeks - look at the weekly candles on bitstamp... entering into week 12 with really good numbers that started out approximately the week before the $198.12 lowpoint in the fourth week of August. Man, I could swear I read that the first time around and the negative in that third paragraph was NOT capitalized. I thought for sure you had that thing beat. Now I'm going to sleep imagining you went back and fixed that. Like you couldn't help it. I don't know if that's what happened, but it's a pretty funny thought. Isn't JJG  O.k. Just for your pleasure, and since you were nice about it, I will try to remember to try a few posts without capitalizing not, and see how it goes. Maybe with a little conscious effort, I will get my fingers to stop automatically going to the shift key when I get in to the "n" "o" "t" combination of letters? |
|
|
|
Next wave is going to be 10fold up, so around 3000 Dollars. But! I don't expect this new bubble before the end of next year, some months after the halving and when we have a new status quo in price and mining (which will have lost a lot of its attraction by then anyway). Until August 2016 we won't see big bubbles, but slow price increases or waves.
Only question is what will this new price be then? My guess is somewhere near 1000 USD, maybe 900, maybe 1100 before this new bubble will take us to 3k. End result: New (temporary) bag holders will be created but the price will remain in the 4-digit realm. There you have it, mark my words. ;-p
I have my doubts whether any of us can have a very precise vision. But the next bubble in the $3k to 7K range seems plausible and reasonable. I have my doubts whether it will take a year to have such a bubble. We seems to have pretty decent momentum now, and maybe in the near term (1-3 months), bounce in the $350 to $$800 territory, but that seems to gradual, and previous bubbles have come fairly rapidly, so it is possibly that the current fuel is going to bring us to $3k to $7k within the next few months. I doubt that we need to rely on millionaires for such. Surely, a few millionaires ill jump on board, but we are going to also have additional investment from the various segments of the masses, investing anywhere between $100 and $10k depending on their own level of comfort and/or perception of risk/reward. |
|
|
|
They've been mocking us for well over a year now!
And soon I will again! Hahahahaha... Yeah... you can mock us when the price drops from $4,000 to $1,600... A lot of people will lose their shirts during that upcoming pending and nearly inevitable drop in the BTC prices. |
|
|
|
What is happening with bitcoin right now? What are the reasons for this price rise?
Appears to be a trolling comment. Nothing wrong with playing dumb? hm? What do you think is going on with bitcoin and the price? |
|
|
|
Many people with paper profits.. much euphoria ...! This time it is different!
This market is very liquid, and paper profits can be realized at any time... especially in recent times, there is much ability to liquidate, which is going to become very attractive for new investors. |
|
|
|
Damn I wish I had 400!, or anywhere near that, even 100, hell, I'd be happy with 30 at this point lol. I HAD over 25 btc, now I have like 5.5 Yes, getting rid of nearly 80% of your holdings could NOT be good thinking, and it really probably indicates that you were bearis about bitcoin. I feel a little bit bad about some of my aggressive attempts at trading BTC, and therefore my actual BTC holdings are nearly 3.5% down from their peak, but I am using some coins to attempt to hedge in both directions - nonetheless, whenever BTC prices shoot up, I experience some regrets about the number of coins in my holdings No sir, I was never a bear.. I had no choice in the matter I'm sorry to hear that. I am sure that we cannot prepare for all contingencies, but if you were forced to cash out nearly 80% of your holdings, and if you were not a bear, then most likely, you had over-invested (and over extended yourself) to some extent. Certainly, I am NOT trying to be judgmental or critical because many times things can go in much of a different direction than we had expected.. and then things come up in life and then bears have been really successful in the past year or so in keeping down the price... but in the end, even a low price for a year, is kind of within what should have been expected and to be prepared for such, no? Well, Certainly, I believe that there still is a lot of money to be made from bitcoin for those people who are smart enough and willing to recognize and admit that bitcoin is still in its very early days... and we are currently seeing some pumping and some attempts at dumping, and the battle, in essence is being won by the bulls... at least that is our current momentum. We have an auction coming up this week, so interesting times ahead. I am currently not suggesting that we are completely cleared from the bull market, but it seems pretty fricking good, especially the quantity of volume of trade that has been going on in the past nearly 12 weeks - look at the weekly candles on bitstamp... entering into week 12 with really good numbers that started out approximately the week before the $198.12 lowpoint in the fourth week of August. |
|
|
|
|
Thanks...... I just received my payment.
It came a few hours later (about 12 hours later), this week.
|
|
|
|
After starting buying bitcoin in September 2013 at 130$, all the way up to 1200$. Then accumulating further all the way down .... if it keeps the pace I will finally reach break even in about .... 10 minutes Same here, bought from $800 all the way down to $200. Now nearly at break-even again. I'm fine with a slow rise, but this is ok too. every parabolic rise is followed by a crash. If you want bitcoin to gain real value you want to have a steady slow growth developing. Currently that's what we have...  |
|
|
|
After starting buying bitcoin in September 2013 at 130$, all the way up to 1200$. Then accumulating further all the way down .... if it keeps the pace I will finally reach break even in about .... 10 minutes Same here, bought from $800 all the way down to $200. Now nearly at break-even again. I'm fine with a slow rise, but this is ok too. I gotta ways to go yet, before my portfolio is back in black.... but that's o.k. These are good signs - even though we may need to experience a few more bumps in the up and down road between $350 and $500, which is beginning to seem very doable within the next few months, if not sooner. |
|
|
|
... but we cannot act as if there is NO significance because in fact, the exchange is including the use of fiat currencies.
Just explaining what people usually mean when talking about 'velocity of money,' NOT telling you how to act, not bothering NObody, just mending my Primus. If you do NOT like the conventional definition, you do NOT have to use it, which is to say, feel free to NOT use it if you do NOT like it. Wow - NLC replying to JJG while channelling JJG - that is funny hehehehehehehehe I kind of noticed that too. S/he's (it's) a bit of a smart ass. |
|
|
|
A Chart with monthly candles looks really nice. Where do we get one of those? Is there any service that includes monthly BTC candles? Go to "Expand BTCUSD chart" and select "1M (one month)" time frame. Thank you. I was able to find the one month view. That perspective is really interesting. |
|
|
|
Oh??? maybe some coins were traded twice.... Go figure. Isn't that called the velocity of money? only twice? high trading bots are working hard this days I was merely attempting to make the point that in and of itself, the mere fact that the volume of 1/3 of all bitcoins in existence were traded on one exchange in one day, does NOT signify that the Chinese are faking the existence of the coins or engaging in fractional reserves. So I agree with you that it is feasible that one coin could be traded well over 100 times in one day... maybe even 1,000 if there are NO trading fees and the coins path is frequent and minute microtrading back and forth. I had the OKcoin chart running in real time in my browser, and the trades were so fast that there was almost smoke coming out of my computer after a few minutes! Loading a real time chart of any of the exchanges with fees doesn't drive my computer's CPU use up to that extent. Those OKcoin trades are their own bots competing with the other zero fee exchange's bots to fake the highest volume. The results may be the same as fake volume; however, possibly their purpose is to make money, so if you have your bot programed correctly, you can lock in profits on an ongoing basis, even possibly with only a few cents change in the price. |
|
|
|
A Chart with monthly candles looks really nice. Where do we get one of those? Is there any service that includes monthly BTC candles? |
|
|
|
Oh??? maybe some coins were traded twice.... Go figure. Isn't that called the velocity of money? No, not in the usual sense.* There's "transactions velocity," rarely used, mainly because meaningless. Few care how many times I move a dollar from my right pocket to the left, or how many back-and-forth transactions happen on a currency exchange. *"Which is the frequency at which the average unit of currency is used to purchase newly domestically-produced goods and services within a given time period"-wikip Could be true that exchange trading is NOT as significant, but we cannot act as if there is NO significance because in fact, the exchange is including the use of fiat currencies. |
|
|
|
|
Show Posts
