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27261  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2014, 02:24:46 PM
Newbie1022 calling it right again

I don't understand how he can be a losing player, he's so neutral in his posts too

NOT sure if serious
27262  Economy / Economics / Re: Is 1 bitcoin a decent and good investment? on: September 21, 2014, 03:12:01 AM
"Investing" in bitcoin is not a good investment.
I agree with this. Bitcoin is still very speculative and is not guaranteed to increase in value.

People should buy bitcoin if they intend to do something with it (generally spend it on something)

You just have to look at the pricechart over the last 6 months.  Smiley

And, how would it help you to look at ONLY 6 months of an asset that has been in existence for a little more than 5 years and has more data than merely the past 6 months?    NOT making too much sense to me, at the moment... so please explain..
27263  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2014, 02:58:30 AM
bla bla 'girls' 'sensitive'

Oh god, here comes

again, with her walls of text with passive-aggressive subtexts.

You are really quite creative with the manner in which you engage in personal attacks... NOW, check out those walls, you temp-bull!!!   Cheesy Cheesy
27264  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2014, 02:52:45 AM
grappa, JJG, please chill out. there already are enough trolls around here, you don't need to join them by trolling each other. go back to being funny/useful instead.

 

It's too late... My relationship with GB, to the extent we can call it that, has already devolved down the rabbit hole of "ATTACK-MODE."  Get ready GB, and please place your Armour wallet!!!!!! Shocked Shocked Shocked    Tongue Tongue
27265  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2014, 02:46:18 AM
If you believe in the long term success of BTC, there really isnt a reason why you shouldnt be buying right now. Missing the absolute bottom by $20-$25 is nothing in the grand scheme of things

In your thinking and wise counsel, What if you miss the bottom by $100 or $200, does that matter?
27266  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2014, 02:44:57 AM
Ultimately, NO real criticism intended from me...So far I am NOT engaging in much if any trading... so my perspective varies... yet, I suppose that I am talking my book to some extent, also... b/c my strategy is mostly buy and hold and buy and hold and buy and etc etc.. .. but I may sell some every once in a while.. but mostly NOT.....

I will also make various short-term predictions, too.. but sometimes I do NOT necessarily want to share my short-term predictions...    Embarrassed  

So, if I understand, you are hinting at the fact that it is undesired here to talk about walls and price movements. Is that correct? Well, forgive me for posting a fucking pimp egg because i got optimist on short-term price. Please equate me to some of the obvious trollbots, because why not? After all, you do not like to talk about market movement, you like to talk about people.

You can post whatever he fuck you want and you can insinuate regarding my communications whatever the fuck you want....  However, to me it sounds as if you are living in a little fantasy world when you go down the road of getting defensive and attempting to read some conflicting criticism into my comment(s) when I already said more than once that I was only making observations and NOT specifically intending to criticize.. .. but some girls, here, seem to be a little bit delicate if they believe that they are being potentially referred to as a bot... who fucking cares if people think you are a girl or a bot.. it really does not matter.. we are on the internets... you realize that?

I realize that GB is "sensitive."  whatever....we should all be able to handle a little bit of being analyzed without getting all worked up about it....  Cool
27267  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2014, 01:11:15 AM
GB: 
For a while, you had seemed to have been on such a bearish streak in your post contents, and in the last few weeks, your post-streak, if there is such a thing, has been noticeably bullish............

Seemingly, funny for me regarding how people like to pump their books around here...

Another style would be to present factual foundations and speculations that are based on such facts and logic.. rather than mere book-talk....

I suppose to each his/her own, and each of us, whether people or bots, have our own style.... and some people have speculated that Shroomie is a bot, given his somewhat consistent style (except for that short deviance he went on when he was trying to get us to dump into the $400s and he apparently bought back in around $500 and has been back to the same old idiot complainer.. thereafter.

Grappa:  I am NOT trying to be a hater... just making an observation regarding some the back and forths that we seem to witness in this thread.

I'm not mindless bullish or bearish. I day-trade. This mean i switch positions multiple times a day possibly. Do not misunderstand me, bitcoin is a nice payment system and i wish him well. When i sense that price may get lower i say so. When i sense that it may get higher i say so. Perhaps i talk my books, but that's because i put my money where my mouth is. Maybe we can talk about facts and logic. Support appearing suddenly is a fact. That it may hint at some kind of upward movement can be logic.


Ultimately, NO real criticism intended from me...So far I am NOT engaging in much if any trading... so my perspective varies... yet, I suppose that I am talking my book to some extent, also... b/c my strategy is mostly buy and hold and buy and hold and buy and etc etc.. .. but I may sell some every once in a while.. but mostly NOT.....

I will also make various short-term predictions, too.. but sometimes I do NOT necessarily want to share my short-term predictions...    Embarrassed 


27268  Economy / Economics / Re: Is 1 bitcoin a decent and good investment? on: September 21, 2014, 01:01:11 AM
"Investing" in bitcoin is not a good investment.
I agree with this. Bitcoin is still very speculative and is not guaranteed to increase in value.

People should buy bitcoin if they intend to do something with it (generally spend it on something)


You guys/gals/bots are full of shit and lacking in creative thought if you cannot consider some means upon which to incorporate bitcoin into some kind of investment portfolio. 

Surely, there is risks involved with including bitcoin in such an investment portfolio, especially if BTC were the only asset contained or contemplated in your investment portfolio..

Therefore the incorporation of creativity into your conceptions about investment strategies would allow for scenarios in which BTC were NOT the ONLY asset contained in a person's investment portfolio..

In sum, Think about it and try just a little bit to be a little creative, ... that is if you are NOT merely trolling this thread with those kinds of stupid-ass ideas that are suggesting that BTC is not a good investment.  Get real!!!  Roll Eyes Tongue
27269  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2014, 12:51:39 AM
Squeeze them sub-400 shorts! Pump it sky high! Lets give this tribe a funny night of never-ending green dildos!




GB: 
For a while, you had seemed to have been on such a bearish streak in your post contents, and in the last few weeks, your post-streak, if there is such a thing, has been noticeably bullish............

Seemingly, funny for me regarding how people like to pump their books around here...

Another style would be to present factual foundations and speculations that are based on such facts and logic.. rather than mere book-talk....

I suppose to each his/her own, and each of us, whether people or bots, have our own style.... and some people have speculated that Shroomie is a bot, given his somewhat consistent style (except for that short deviance he went on when he was trying to get us to dump into the $400s and he apparently bought back in around $500 and has been back to the same old idiot complainer.. thereafter.


Grappa:  I am NOT trying to be a hater... just making an observation regarding some the back and forths that we seem to witness in this thread.
27270  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 09:55:16 PM
no one ever believes a word i say  Cool

I usually do the opposite.   Cheesy Cheesy   Wink

thats probably best, I let the emotions flow freely when i post.

I wanna shoot every seller.

Yeah, you're right. That does feel good.

FUCK!!!!!!!!!!  


Whew, that felt good, too.   Cheesy Cheesy Grin Grin Wink




Hilarious!!!!   If BTC prices were even half as hilarious, we would be at $6666 by now... and even $555 is looking good... even $444 would be appreciated...  Angry
27271  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 09:48:09 PM
8,723 pages and 174,000 odd posts and I didn't understand any of it...

That is because you are a BOT... and you need to be reprogrammed in order to understand humor and troll talk and other non-logical whims that seem to prevail in these parts. 
27272  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 09:41:57 PM
no one ever believes a word i say  Cool

I usually do the opposite.   Cheesy Cheesy   Wink

thats probably best, I let the emotions flow freely when i post.

I wanna shoot every seller.

Yeah, you're right. That does feel good.

FUCK!!!!!!!!!!  


Whew, that felt good, too.   Cheesy Cheesy Grin Grin Wink
27273  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 07:36:33 PM
no one ever believes a word i say  Cool

I usually do the opposite.   Cheesy Cheesy   Wink
27274  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 06:58:48 PM


Surely each of us has his/her own inclinations when it comes to keeping track of financial specifics, and I personally created an excel spreadsheet to keep track of a large number of variables in respect to each BTC that I transact (buy, sell or trade), that way I have a running tally on my price per BTC for each transaction and also overall running average prices per BTC on any particular date.   Surely, if you have acquired some BTC (even a majority of BTC) for zero or NO costs, then that is going to considerably bring down your average cost per BTC.

I am NOT mining, but surely if I were mining, I would add into my excel spreadsheet any costs associated with mining, including electricity costs, and/or machinery and/or accessories costs.  

So far, whenever I have purchased anything with BTC, I have kept track of those purchases within my excel spreadsheet, but I have also engaged in purchasing behavior in order to preserve the size of my BTC holdings (in other words, so far, due to my BTC replacement practice, my BTC purchases have NOT caused my BTC holdings' quantity to go down.. NOT so far).


Yeah I've got a spreadsheet as well (but probably less free time than you  Grin it really needs to be updated) - I know where I'm at, and at what price I will *actually* start worrying.


For me, the brown underpants stay in the drawer until we see the low 200s.



One man's free time is another man's perception of priorities... Potentially we may have different priorities or different perceptions of priorities.  To suggest that I have more free time sounds a bit patronizing in that context.. .. otherwise. I appreciate your further explanation... about how you consider your investment.. and I also appreciate that some people do NOT necessarily want to take the time to engage in meticulous analysis b/c that is NOT their interest area and they may have beaches to go to and pina colatas to drink.. etc etc.   So in that regard, to each his/her own.
27275  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 06:57:52 PM
Up!

I have a question for people who bought in October/December last year and sold on this dip: How is this dip any different from the one on 17 December when the exchange rate was ~380$? Why sell now and not back then? What about the $343 dip in April? What's different now?

Your scenario is NOT very clear...

But you are suggesting people who bought at the high in the $1,100 territory selling NOW, but NOT selling on December 17. 

I doubt that there are very many people who meet that narrow category who may have done nothing between then and NOW and just HODLed for 9 months then panicked... sounds a little ridiculous and like you are just trolling or attempting to engage in unnecessary provocative and unproductive drama regarding answers that you could easily figure out yourself with a little bit of attempt at empathizing (by mentally putting yourself in those kinds of shoes).

Yes you got it. I don't think that this scenario is so narrow. Here is another one. Anyone that bought between 22 December and 20 March and hasn't sold on the big April dip, but sold it at any other point after April. There must be some...

Your survey and or question seems like the lead up for some trolling sob story.. but so be it, that is what you supposedly want to know..

 it is the BIG and interesting question that is on your mind regarding how some people have potentially been scared out of the their BTC investment and how they have NO balls or lack of long-term planning and/or strategy.. and if they pulled out now, they are likely going to be regretting their stupid-ass and rash decision later.    Embarrassed Cry
27276  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 11:46:01 AM
Up!

I have a question for people who bought in October/December last year and sold on this dip: How is this dip any different from the one on 17 December when the exchange rate was ~380$? Why sell now and not back then? What about the $343 dip in April? What's different now?

Your scenario is NOT very clear...

But you are suggesting people who bought at the high in the $1,100 territory selling NOW, but NOT selling on December 17. 

I doubt that there are very many people who meet that narrow category who may have done nothing between then and NOW and just HODLed for 9 months then panicked... sounds a little ridiculous and like you are just trolling or attempting to engage in unnecessary provocative and unproductive drama regarding answers that you could easily figure out yourself with a little bit of attempt at empathizing (by mentally putting yourself in those kinds of shoes).
27277  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 11:37:43 AM
Quote


So, it sounds as if through the passage of time you made some profits with your BTC, but frequently you cashed out early... Accordingly, frequently, you were NOT very well invested in BTC during various BTC price spikes.

So, currently, what is your approximate BTC holdings and what is your approximate price per BTC... including various administrative/transaction costs??


Absolutely. I just got out too early.

I could have bought that snowboard with other funds, but I lost faith in Bitcoin and decided that I should just sell all of what I had and at least get something out of the exercise.
 
Then I forgot about Bitcoin (had a normal life you might say) until about halfway into the run up to the ~$250 peak - I started up mining using my own electricity and also sent some fiat to Gox around the time it went through $100 for the first time. So that's when I first started actually incurring any costs.

Of the coins I purchased from exchanges, my avg buy price is over $400 AUD. I have another, much fatter, wallet with coins from alt trading/mining, gambling winnings, etc that really only cost me my time. I also bought a BTC mining contract from CloudHashing that (with prices this low) has not returned on the initial investment.


Surely each of us has his/her own inclinations when it comes to keeping track of financial specifics, and I personally created an excel spreadsheet to keep track of a large number of variables in respect to each BTC that I transact (buy, sell or trade), that way I have a running tally on my price per BTC for each transaction and also overall running average prices per BTC on any particular date.   Surely, if you have acquired some BTC (even a majority of BTC) for zero or NO costs, then that is going to considerably bring down your average cost per BTC.

I am NOT mining, but surely if I were mining, I would add into my excel spreadsheet any costs associated with mining, including electricity costs, and/or machinery and/or accessories costs. 

So far, whenever I have purchased anything with BTC, I have kept track of those purchases within my excel spreadsheet, but I have also engaged in purchasing behavior in order to preserve the size of my BTC holdings (in other words, so far, due to my BTC replacement practice, my BTC purchases have NOT caused my BTC holdings' quantity to go down.. NOT so far).



27278  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 11:20:29 AM
Well, hopefully you will come to realize that BTC is a decent investment before it is too late and  you will be chasing the train b/c you seem to be holding back from investing in BTC  because you seem to believe that the last 9 months are reflective or indicative of what is going to continue to happen with BTC prices in the next 9 months... ..

Anyhow if you do NOT get on board the BTC train, then that remains your choice.. and good luck to you... and hopefully you will have NO regrets with your currently pessimistic state regarding BTC   

You've misinterpreted what I said. I am on board... I have a small amount of BTC, I would have more but that would mean creeping into 'can't afford to lose' territory. I'm actually quietly confident we've reached the bottom, or are close to it.

With that said I still wouldn't proclaim it's been a good year for BTC.

Anyway, no big deal...moving on.

Your response pretty much reinforces that what I said was a fair response to you.  I believe that you are likely too much focusing on this recent downward trend... as if that is the be all end all for bitcoin.  Surely, BTC prices have gone largely down since end of November beginning of December 2013, yet it seems to have been an otherwise very decent year for bitcoin in terms of spreading around the world and adoption, and infrastructure building and liquidity options and really governments seem to be somewhat less hostile than I had anticipated (I still expect that they are hostile, but less than what I had anticipated going into this year.

The concept of NOT investing more than you can lose has been discussed in various recent threads on this forum.. and surely it can be a bit of a misdirection if it causes people to invest less than what would be a good investment to financially profit when the price does seem inevitable to go up...

So, if you only bought a few BTC, you may NOT profit very well as compared to investing $10 or $20k... and surely each of us has to decide our investment allocations based on our calculations of our personal financial situation, our risk tolerances, our future earning capacity and our own calculations of the probabilities of BTC prices going up or down.


Personally, in the last 9 months, I have increased my BTC holdings considerably, which adds up to a pretty sizeable amount of my investment into BTC, but the total of my apportionment of my BTC holdings still remains at less than 10% of my total quasi-liquid investment assets... Yes I have considered investing higher than 10% into BTC ... but I have some logistical and timing issues.. and just I have concerns about effective and efficient ways to move money out of one investment vehicle into another while accounting for various transaction costs and also considering various tax implications.

Whether I misread your exact details or NOT, I stand my earlier comment regarding the impression that I received from your earlier post, yet ultimately, we need NOT share the same viewpoint or prediction of BTC prices in order to be able to bat around various investment ideas and even communicate our thoughts on what we consider sound ways to move forward in our allocation of resources into BTC directly or into BTC related ventures.





27279  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 10:41:37 AM
What is the past? A couple of dips and strong rebounds over a period of several months. Price gets higher every time.

I honestly don't understand how you can say this...if it were true, then BTC would be at an ATH wouldn't it?

The truth as I see it, is that since the beginning of the year BTC has had a couple of dips and strong rebounds, however the price doesn't get higher on every rebound which has lead to a steady decline all year.

Don't get me wrong, I'm not a troll looking to spew FUD around, I have some BTC myself, I just don't get it when people don't appear to acknowledge the decline.

Well, hopefully you will come to realize that BTC is a decent investment before it is too late and  you will be chasing the train b/c you seem to be holding back from investing in BTC  because you seem to believe that the last 9 months are reflective or indicative of what is going to continue to happen with BTC prices in the next 9 months... ..

Anyhow if you do NOT get on board the BTC train, then that remains your choice.. and good luck to you... and hopefully you will have NO regrets with your currently pessimistic state regarding BTC   
27280  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2014, 10:28:51 AM
I'm in for the long haul for sure (see story below)

When I say my avg buy-in price, that is disregarding all the BTC I have mined, and that I have gained (and lost) through dabbling in some alts (made some nice profits out of DRK and others but only hold BTC and XMR at the moment).

BTC would need to go much lower before I start to make a paper loss - if it DOES go much lower though I'm not sure I will invest any more money into crypto - but I will hold all the same. Probably.  Smiley




So... Wanna hear a story seeing as everyone else is tucked away in bed?

Too bad here it comes...


I actually got into Bitcoin way back when it was easy to mine with CPU, managed to mine myself a nice little haul of BTC. Low triple figures - but a nice haul at today's rate (even still). Was working in IT support for a large engineering firm and had a lot of spare PCs lying around and lots of spare desks and power points, and a boss that didn't know his arse from his elbow, so I told him I was building/testing a new SOE (lulz)

Then it spiked to ~ $20+ and I got hooked big time, transferred fiat to Gox (before they needed your dox) - bought some at $28 (I think), bought another PC - then it crashed. and stagnated for what seemed like a very long time... I eventually lost faith sold all of them at around $7 each, and bought a snowboard and bindings with the profits and had some spare money for beers etc. Happy days.

Then it spiked again and I could have paid for my whole holiday. Shit...    Time to start mining again.

Then it spiked again to over 1K and I could have paid for everyone's trip.... Facepalm....   Time to get serious mining/trading alts etc.


So anyway - I'm determined not to lose the faith this time, even if I end up with egg on my face at the end of the day.




So, it sounds as if through the passage of time you made some profits with your BTC, but frequently you cashed out early... Accordingly, frequently, you were NOT very well invested in BTC during various BTC price spikes.

So, currently, what is your approximate BTC holdings and what is your approximate price per BTC... including various administrative/transaction costs??




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