I just talked to a economics Phd and we analyzed some stats surrounding BTC. We made some good/worst case scenarios and took the average of those scenarios. Our price prediction for 2020 = 10,750 USD  That seems on the slightly high side of reasonable to me. My last number-crunching was for 2019. I came in around $2340. If I had shot for 2020-2022, I could have easily come up with $5000 to $10,000. Just a couple of simple changes would put us pretty close, especially given the extra year in your calculation. I could show my work, but maybe the easier thing to do would be to use this as a basis: http://honestnode.com/bitcoin-fair-value-a-first-assessment/My number is significantly different, because: --He used each of the possible value centers as an additive element. But he included a random, unsupported M2 calculation, which I think, accounts for all the other stuff. It shouldn't have been additive. --I believe the M2 calculations really hit the essence of BTC value. --I'd say the author massively overstated BTC in the remittance market --In my view, his velocity calculations on BTC were incorrect, likely because he used mining transactions in his velocity calculations.. I'm not sure why I am posting something semi-serious in this thread, though, because it has devolved into a ridiculous parody of bitcoiners. If anybody REALLY thinks they can buy $14,500 worth of bitcoins today at $580 and retire on JUST that in 5-6 years (even with a paltry $30K annual income, which, by the way, is preposterous retirement "planning"), they are delusional. Yes, you can quote me. Feel free to refer to this post in 2020. This sub forum's predictions have become a manic-depressive joke. When bitcoin was flying high back in Nov 2013, everyone was convinced the price would hit 10K by the end of 2014. All the TA, trendline charts, predictions, and polls were all screaming the same mantra. Now that we've been in a bear market for some time, everyone has turned a complete 180 degree bear/pessimist, and now is pushing out their 10K prediction to at least 2020 or later, at least 6-10 years from now. Fkn hilarious. I'm sure when bitcoin starts flying high again, possibly end of this year or early 2015, everyone will be utterly convinced AGAIN that it'll hit 10K by mid or end of 2015. And they'll all be saying "I told you so!" but it will be the SAME people here today making their pessimistic 2020+ predictions.  If you are referring to any of my posts in this thread as being among the pessimistic ones, I am just "playing along" with fairly conservative posts to show the numbers for such conservative but steady BTC increases within the posts - even though I tend to be much more bullish regarding my thoughts about the potential for exponential BTC price appreciation. NONETHELESS, I remain of the belief that we cannot necessarily bank on the more bullish and exponential price scenario taking place - even though we can put ourselves in a position to profit considerably from a more bullish scenario were it to occur. |
|
|
|
Don't go bringing Jimmy Buffet quotes in here. He said himself to stay away from commodities.
 Jimmy Buffet eh? yeah this guy .... [img]http://upload.wikimedia.org/wikipedia/commons/1/1d/Jimmy_Buffett_1.jpg[img] Yes, that gentleman is a billionaire investor and he specifically said in an interview earlier this year to stay away from bitcoin.  That would be Warren? what is it with you and names? first "sagon" and now "jimmy" where do you get this from ? Also that ol dude is as slippery as an eel - talkin' his book Kireinaha is a teenage troll. I mean come on, its obvious. Everyone please stop feeding the teenage troll. NOPE>>>>>> he is an adult, who is trying to get away with some of his stupidity by acting as if he is a teenager, but it is all a ruse.... He is a troll, though...and certainly a FUD spreader.. |
|
|
|
@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?
I didn't delete that post, and yes a week ago I said that it is looking bullish, I've changed my mind and lost $5K for not selling at the time. When you say you have lost $5K how exactly did you lose it? for not taking action at the right moment when my sentiment changed, in other words lost the chance to make a $5K more... Ohhh I see so you lost out on making $5K not lost $5k - there is a difference... you cannot lose something you never had... you missed an opportunity.. the old 20/20 hindsight psychology... that my friend is a bad road to go down.... you have got to admit... losing a hypothetical $5k is not much to cry about and also far far far better imo than having sold and have the market jump against you upwards by $200 then you really would have actually made a loss.. and the market will do it to you ake no doubts about that, if you play that game long enough....it will bite you... far better to cry over the hyptohetical loss of gains you could have had than to take the hit imo... far better.. never cried about it, if I would start crying, I would cry about not going all out at $1060 instead of selling only 10-15%, BTW I didn't have that much of BTC , I had less than 100 BTC, and I've never used leverage, I tried trading on Finex only once and it was fraustrating so I stopped using it. Yes... your facts do NOT add up. You supposedly only had 100BTC through your BTC investment, but then you said that you sold half of your total BTC portfolio in order that you could live (retire) for two years.. or some bullshit like that. Then you suggested that you were some kind of BTC wealthy b/c you had a low buy in cost, but you would NOT specify exactly your buy in price but it was somewhere between $10 per BTC and $100 per BTC. But then you sold a bunch of your BTC to buy LTC.. during the time that LTC was tanking and therefore you made a bunch of money on LTC.. .supposedly... NONE of this really adds up... So why are you telling us stories and continuously switching your story around in order to attempt to make it seem as if you are making a lot of money and to seem as if you are smarter than the rest of us b/c you got into BTC low and then you got out high.. when that does NOT seem to be the case? especially if we delve into some details of your supposed ever moving and shifting description... which frequently you avoid providing too many specifics b/c you cannot quite get your story straight b/c your story keeps changing and improving regarding how wise you are. |
|
|
|
@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?
Mmitech makes things up as he goes along. He is like how you, Fonzie, used to be... However, he (mmitech) is much dumber than you used to be. |
|
|
|
That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.
sold some at $1060, $980 and $630 and the rest yesterday at $585 and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments. I do not know what emotions are  Yeah... your rendition above is ridiculous Mmitech... even your description of the facts is probably selective.. b/c likely you sold yesterday at $560-ish.. that's what you said yesterday during the "crash"... just sold... No one is jealous of you.. you can do what you like regarding your supposed BTC and/or alt trading and other purported investment(s)... However, your attempts to get others to follow your investment (trading) lead does become irritating... especially, since you have a very limited grasp on the ways of the world and various market dynamics and even seemingly screwed up religious limitations that supposedly restrict your ability to earn interest (which seems contradictory to your purported investing/trading in various monies), and it seems that you are merely lucky, if we could actually believe your after-the-fact rendition of what you supposedly had done. |
|
|
|
Doesn't matter, I'm selling now. Time to get out fellas. Bye, Bye!!!! |
|
|
|
Even the most ardent long term investors are growing tired of the slow bleed down and want to drop this under performing investment. So that's what we're seeing now... it's not manipulation.
You can't blame them; asking people to hold a stake in relatively new technology that has been in a bear market for 9 months is a pretty tall order, and at this stage in the technology life cycle, is a pretty good indicator that interest has simply dried up and moved elsewhere. We all know the "honey badger" and all that, but continuing to hold in this kind of market is basically a leap of faith.
O><K.... sell... Good bye!!!!  |
|
|
|
Nothing to do with school, I am just surprised we are back here again.
ok ... so do you have a wife or children? I usually do this with hand drawn pictures as the example but today I think fingers suit better...
So say you have a wife and children ? How valuable to you (and them) are their fingers? to me they are WORTH nothing... and the PRICE I give you for them
on the open market is $0
Lets switch this around- do your wife and childrens fingers have any VALUE to you? if so how much are they WORTH to you? and what PRICE will you pay to keep them all in one place with fingers attached to loved ones? more than my PRICE of $0? I bet and why is that? it is because they have more VALUE to you then they do to me, for me the PRICE for your loved ones fingers is $0 for you I imagine and hope a very large figure lets say $100,000 or more
something something <snip>
look above, I did read to the end of that line and there you lost me.... a value of thing is not determined by my self only, it is determined by a whole community, if we think that the value (call it price if you want) of 1 Liter of milk is worth 1$ but then one farmer based on the miracle of grass and water going into the cow and turning out as milk (and shit and pee) think that that liter of milk is worth at least $1000, that farmer is going to have some bad time selling his shit. but if 20% of farmers think so then there is 20% of greedy motherfuckers, because 80% disagree. we can go on and on trying to define this (I am wrong with the possibility of being right), but I personally am not buying that theory, wherever I go I pay €€ as a value of a thing. the value translate to that €€ and I didn't see yet in my life a community agrees on something having more value but lower price!!! in fact that just doesn't make any sense to me. Edit: did read to the end and I just realized where your confusion is, you are defining the filthy capitalism. Further evidence of refusal to learn.. or even to try to learn... or to understand basic concepts: so sad..  much cry..  Almost to the point of being hilarious... |
|
|
|
I don't believe in charts or past trends. I just have a "gut feel" that price will go up in long term. Holding until it goes below $400 or above $700. Will buy more below $400; sell some when above $700.
HOW LONG are you going to wait on either of these scenarios? Surely, your plan remains potentially decent if your time line is 1-2 months, but if there are market movements within the next 1-2 months (even within your range), these potential market movements could affect your stated plan, possibly? or if the timeline drags on, then you may need to reconsider varying your plan, no? |
|
|
|
Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?
Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man The utility of bitcoin is the sum of the benefits derived from its applications by its users. The value of bitcoin is the size of its transactional economy over a given period. The price of bitcoin is wherever the market happens to clear. Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide. I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for. Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit. No ... that is the PRICE of Bitcoin, not is VALUE, they are two totally different things (and WORTH is different thing all together again) PRICE is arrived at often where supply meets demand, and the demand of something comes from how much VALUE is placed on it by people -VALUE is usually quite subjective whilst PRICE is not. SUPPLY - DEMAND VALUE - PRICE PRICE is what you pay and VALUE is what you get. This is stuff people should learn in high school and I cannot believe this conversation is happening at all tbh I don't care what they taught you in school but a value of a thing is what it can be exchanged for ( which in our age is compared to the currency we use)...the price is defined by supply and demand. your logic is the following: a horse shit value is very high because it can be used for agricultural needs, but because there is no demand and the supply is high the value didn't meet the price, is that what you want to teach me ? LET'S face it. You cannot be taught...... YOU have already demonstrated that Over and over and over and over and over. That is part of the reason that you are RETARDED!!! such sad so embarrassed  much cry |
|
|
|
Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?
Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man The utility of bitcoin is the sum of the benefits derived from its applications by its users. The value of bitcoin is the size of its transactional economy over a given period. The price of bitcoin is wherever the market happens to clear. Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide. I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for. Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit. That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world. |
|
|
|
Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?
Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man The utility of bitcoin is the sum of the benefits derived from its applications by its users. The value of bitcoin is the size of its transactional economy over a given period. The price of bitcoin is wherever the market happens to clear. Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide. I would like to frame this on my wall, b/c it is a GREAT reminder to keep clear about which one(s) of these you are talking about. Did monkey come up with this framework? If so, s/he is Brilliant. |
|
|
|
cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.
OK, sad to see you go, but bye now... Such sad. Much Bye.  |
|
|
|
With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing. The sources that I know (such as blockchan.info) do not give that information. They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users. However, those quantities include an unknown amount of operations that do not imply real additional use. Some of them (like total BTC volume) have been relatively constant for the last 6 months. Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity. With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing. The sources that I know (such as blockchan.info) do not give that information. They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users. However, those quantities include an unknown amount of operations that do not imply real additional use. Some of them (like total BTC volume) have been relatively constant for the last 6 months. Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity. It is quite a surprise that there's no concrete information confirming increasing users, though news is flying daily for more adoption! Giving it a careful consideration, I agree Jorge's comment. Anyone have different opinion. If users are not convinced to increase, Metcalfe's law is not valid for bitcoin. How do we get to be convinced for increasing users? Sometimes you have to conclude based on a combination of direct evidence and inferential evidence. Accordingly, Maybe you will begin to understand that there is increased adoption when you begin to see the price go up? You are asking for more direct evidence, and maybe that direct evidence is ambiguous. so therefore inferences need to be made from it.... Reasonable inferences, that is... You can argue that a reasonable inference is less adoption ... when that is NOT reasonable... But trolls and FUD spreaders like to engage in this kind of selective vision..... Increase liquidity opportunities, investments, conferences and various mainstream news pieces on bitcoin also help to establish that bitcoin adoption is going up and has been going up... If you blindly do NOT want to see various signs that adoption has been going up, then pointing out more direct evidence will NOT help your selective blindness.. imhbo.... Being a holder, I wish to have some encouraging information. However, the information needs to be convincing. Seriously, a hodler's combination of information is unavoidably with prejiduce and that is always my problem. Adoption/wallets are inductive for increasing users. But, I tend to believe it may double if price double overnight ( which is also inductive). I understand what you are saying, but I maintain that there is plenty of inferential evidence available, and you can read through a bunch of threads in this forum and by doing various searches through BTC articles. I think you are erroneous in your perception if you are giving more weight to the opinions of Jorge b/c he does NOT hold BTC or to give more weight to the information of other non-HODLers. There are a lot of posters who are providing good and objective information in spite of their level of holdings. Jorge has already been proven over and over to be someone who selectively spins his information and uses academics and good / polite language to make it appear as if he is being neutral and objective, when in fact he is purposefully and intentionally blind and intentionally trying to focus on some nitpicky irrelevancy to get others to believe that to be the most important thing in the bitcoin space. I understand that in the end, you need to feel comfortable with your own senses of probabilities regarding the direction of BTC... and part of your concerns about whether adoption may be lacking... or less than it is purported to be. |
|
|
|
BTC is the next big thing waiting to happen!
Your statement doesn't seem to mean too much... waiting to happen? It is already happening, no? Maybe you are suggesting that it (BTC) is going to get bigger? |
|
|
|
Probably the only thing that will keep bitcoin alive is the illegal side of things That "illegal side" is kind of what got BTC going, but that"illegal side" does NOT seem to be what is currently sustaining BTC prices in the upper $500s. Do you have statistics to show us? or a link(s)? What illegal side are you implying? Thought silk road is long gone. I think BTCevo already responded that s/he "heard" these things... Sounds like s/he is just attempting to spread FUD.. |
|
|
|
With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing. The sources that I know (such as blockchan.info) do not give that information. They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users. However, those quantities include an unknown amount of operations that do not imply real additional use. Some of them (like total BTC volume) have been relatively constant for the last 6 months. Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity. With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing. The sources that I know (such as blockchan.info) do not give that information. They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users. However, those quantities include an unknown amount of operations that do not imply real additional use. Some of them (like total BTC volume) have been relatively constant for the last 6 months. Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity. It is quite a surprise that there's no concrete information confirming increasing users, though news is flying daily for more adoption! Giving it a careful consideration, I agree Jorge's comment. Anyone have different opinion. If users are not convinced to increase, Metcalfe's law is not valid for bitcoin. How do we get to be convinced for increasing users? Sometimes you have to conclude based on a combination of direct evidence and inferential evidence. Accordingly, Maybe you will begin to understand that there is increased adoption when you begin to see the price go up? You are asking for more direct evidence, and maybe that direct evidence is ambiguous. so therefore inferences need to be made from it.... Reasonable inferences, that is... You can argue that a reasonable inference is less adoption ... when that is NOT reasonable... But trolls and FUD spreaders like to engage in this kind of selective vision..... Increase liquidity opportunities, investments, conferences and various mainstream news pieces on bitcoin also help to establish that bitcoin adoption is going up and has been going up... If you blindly do NOT want to see various signs that adoption has been going up, then pointing out more direct evidence will NOT help your selective blindness.. imhbo.... |
|
|
|
You seem to be a reasonable man. Let's keep with the topic at hand and ask yourself the good questions. Yes... much better in my thinking for us to delve into substantive issues, yet surely I am NO expert at all issues (especially complicated ones), even though I do have my opinions (views) regarding your various questions regarding the future of bitcoin. Why is it that BTC growth rate increased by 8000%. According to the predictions, when there will be no more BTC available in 2124, what will happen to the growth rate?
From these two questions, I gather you are talking about two related issues... one issue is the appreciation in BTC prices and then the other issue is the decrease in the supply of BTC - over time and in the longer time future. I find it a little more easy to respond to them in the reverse order.... or in combination... As you suggested, the growth of BTC supply is fairly extensive in the beginning - with the allowance of 50BTC blocks every 10 minutes for the first 4 years (2009 to 2012), and then 25 BTC blocks every 10 minutes the second 4 years (2013-2016) , and then halfing every 4 years thereafter, which will cause a large majority of the coins to be mined fairly quickly and early on (which I read as half of the coins are mined in the first 4 years.. then 25% in the next 4 years... etc etc)... So by the year about 2140 all of the blocks of coins will be mined.. but many more blocks are mined in the very beginning (front loaded). There are a lot of complicated factors in describing how BTC prices have grown in the past 5 years, including increased adoption and speculation and investments... so as adoption of BTC grows and its network and its applications and its liquidity, the price will continue to grow at a fairly high rate (some call this anticipated exponential growth). Some have estimated (including forum members Slippery Slope and Peter R and maybe some others) that there will be something like 10x growth per year during the first half of the adoption phase of BTC... (surely this is bullish to the extreme) and depending on how wide-spread BTC becomes adopted, 1/2 of BTC's adoption phase could last for several years into the future... Currently probably less than 5% of the world's population have heard about BTC and less than 1% have considered investing in BTC and less than .01% have actually established some kind of holdings in BTC above .001BTC....... So there appears to be quite a lot of room for growth and adoption of BTC... in order to take us through the first half of its adoption phase. Thereafter, the adoption phase would taper off and the price growth rate of BTC would also taper off. Maybe we do NOT believe in the exponential growth rate of 10X per year and instead we believe 5x or 2x or .5x or .1x or some other variation? Nonetheless, it is very likely that any particular growth rate will NOT be easy to predict or even that the growth rate may NOT even comply with any previous models regarding how a similar asset should grow. NO matter what the growth rate, the growth rate will affect price, both up and down... and there are so many people who are bullish about the growth of BTC based on these theories of growth... and some bears follow these theories and agree with them and some bears think the various exponential growth theories are rubbish. In the end, there remains enough subunits of BTC (since BTC is divisible into 100 million sub-units (satoshis) per BTC) to supply the whole economic system with a small supply of BTC, and additionally, there could be a fork in the BTC blockchain that would allow for BTC to be divided into even smaller units.. if needed to supply the needed currency or storage of value or transmission of value or public ledger or other features.... BTC has several ways to flex to accommodate growth.. Your presentation of growth of BTC as a "problem" is very speculative into the way distance future or over problems that are NOT as wide-spread as you are making them out to be. Of course, these kinds of potential "problem" matters should be accounted for, but we really do NOT need to know the answers to all of these kinds of potential "problem" questions in order to know that BTC is a good value and a good investment today.. a good investment that may have some problems in the present that are being worked on and potential and anticipated problems in the future... but these various problems are NOT insurmountable (at least NOT insurmountable at the moment). Surely, there could be some unanticipated problems too... or some of the problems could become insurmountable... but to-date, the various listed and known problems are NOT insurmountable. Regarding value: Any new and/or innovative system such as the internet, or the telephone network or certain companies such as microsoft and facebook, have experienced variations of exponential growth in their use and in their value and the transfer of wealth from one group of people to other people who had invested into the new businesses and/or the new paradigms.. same is true for BTC... BTC could be a winner or a loser, and in my humble bumble opinion, it is up to people to decide whether and how much to invest... and it seems better for those peeps who hear and learn about BTC earlier rather than later. You can assume the doom and gloom of BTC all you want, and that is fine for you b/c you are correct that there are potential obstacles that need to be overcome (and some are mere speculations into a very distant future), yet a large number of the people participating in this forum, are invested, interested and informed about various crypto currencies.. including BTC.. but NOT necessarily locked into their various investments. If a person believes that his/her investment into BTC is NOT paying off or is NOT panning-out as expected, then s/he can transfer his/her proceeds of his/her investment to some other asset class.... or even back into fiat, if s/he thinks that tranfering back to fiat or even into some other investment is the more prudent, safer or better course of action. Again, even before those 12 million BTC left will be exhausted, guess what happens when quantum computing makes its debut? (not to mention the security issue, and the fact that is highly likely that it will be replaced by an altcoin that will have something more to offer, such as anonymat).
I think I have already addressed these kinds of issues with my above response, yet regarding quantum computing, we will need to see whether those kinds of technologies would necessarily undermine BTC's network of computer systems, its mining or its security.. all of which are continuing to be developed and built upon. And, in the event that a superior alt coin comes along, then we can cross that bridge when we get there. At the moment, BTC has more than 95% of all of the crypto-currency market share, and BTC is the big gorilla and best game in town... If a competitor or two to BTC comes to be a challenge to BTC in which BTC is unable to absorb some of the features of the competitor alt(s), then investors can switch over to those kinds of coins.. b/c NO alt is going to take over all of BTC's market share in one swell swoop... absent some major technical glitch.. so, if a serious competitor comes along, then I would expect some NOTICE and signs.. In my opinion, BTC remains the best in the crypto currency world and likely among the better investments as a whole... of course with any investment, people need to consider their total investment portfolio and consider the extent to which they are adequately diversified. Personally, I have been putting a very large percentage of my new investment money into BTC - yet BTC occupies less than 10% of my total investment portfolio... even though it is a very large percentage of new investments that I make... b/c I consider BTC to be a GREAT current value (a great risk to value ratio). Hopefully, this helps, even though a bit of a long answer. |
|
|
|
It seems like the market is trying to get enough people to despair and capitulate before it's ready to rise again. The irresistible force (market) meets the immovable object (legions of permabulls)....what will happen?
Today's little "fun" in the downward movement pressures will likely cause a few more additional hands to fold... will it be enough though? or do we need more sideways before the "shaking out" and "shaking up" costs just become too much for the whale manipulators to bear.. and even some whale manipulators get too anxious to begin to resume the move upward.... |
|
|
|
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.
I think if we could push below 500, we'd have a nice oversold shakeout capable of rallying hard. These bottom fishing attempts almost feel like staving off the inevitable, but I could certainly be wrong.... YOU certainly could be wrong... b/c these prices have been lingering and downward and flat and up and more flat for months now... .We really do NOT need more (or further shakeout in order to facilitate a hard rally).... NONETHELESS, I get the sense that we may have some downward testing of prices this week.. maybe we will get a rally, but we will likely get further downward testing and sideways, too... |
|
|
|
|
Show Posts
