Shorts closed for now, will set up new ones around 550-560$ No longs in between, i´m too scared that this could crumble any minute, lol.
YOU must be losing lots of money in recent times, the way you are trading...? I opened shorts@ 555$ closed them @ around 525-535$. Made up for my loss for not selling @ 580$. I´m okay with that for now. Bought back my Bitcoin @535, but have not went leveraged long. I´m going to sell and probably short(dependent to the circumstances if we should go up there) around 560-580$ again. That´s my plan for the next days. And you? he Hodl, I don't know why hodlers bother reading this subforum when it is mostly for traders, they get pissed and they start crying and attacking others and make a whole scene of drama, I change my sentiment about my trades many times a week, hell sometimes I change them even few times a day, therefore, I would suggest hodlers to go to reddit.com/r/bitcoin it is a better place for their mental health. YES... IF we have Mmitech describing the reasons and purposes of the subforum, then we are totally screwed.   At this point it seems that mmitech is trying re-define himself as being a BTC trader - when in reality he seems to be mostly inconsistent and largely unable to explain himself or his reasons or his predictions. But hopefully, if nothing else, he is working on his communication skills. |
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Shorts closed for now, will set up new ones around 550-560$ No longs in between, i´m too scared that this could crumble any minute, lol.
YOU must be losing lots of money in recent times, the way you are trading...? I opened shorts@ 555$ closed them @ around 525-535$. Made up for my loss for not selling @ 580$. I´m okay with that for now. Bought back my Bitcoin @535, but have not went leveraged long. I´m going to sell and probably short(dependent to the circumstances if we should go up there) around 560-580$ again. That´s my plan for the next days. And you? I generally buy when prices are going down and otherwise HODL... unless I have a large amount of confidence that the price is going to go down at least 10%... I never really get those premonitions of confidence about a price drop... especially at this point below $700-ish,,,,,, that's why I mostly buy and HODL and rarely attempt to get burned by trading. I know.. boring... .. .I am of the belief that I accumulating...  |
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sorry, I have to reference the trezor everytime I read about this (supposed) problem. It can now be solved with $120. It's still not an easy solution for the average person. If I handed a trezor to a Regular Joe off the street (or gf, grandma, boss, non-tech colleague, etc.), the first thing he/she would ask is "How do I get bitcoins to and from that thing?". 30 seconds into the explanation what it is, how to even set one up, much less how to use it, and they would have tuned me out already and walked away. Second thing they would say is, "I have to buy that thing for $120, when a credit card is basically free with my bank account? No thanks." A trezor may work today for us Bitcoin geeks. But for Regular Joe mass adopters, trezor like devices need to be even easier to set up and use, as well as so ubiquitous that they are basically free devices, given away perhaps by bitcoin wallet services providers like Circle, BitPay, or CB. Yes, instead of giving you a free $10 deposit with the opening of the account, give you a proprietary connected device, such as a trezor... so long as you maintain at least a certain balance of a certain quantity for a certain period of time. |
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And more - many are ready to invest, but think they are so smart as to be able to catch a bottom. Sometimes they manage pretty well, cf. my first buy at $3 after my decision to invest was already made before the spike to $32 but the price just wasn't right for several months.
Did you sell and buy back in again after the spike when the price was in the $20s or $30s? or did you just ride it out and then sell later... I recall you sold at various points maybe in the $100s and in the $600s, no? |
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So if you have 100 BTC and that is less than 10% of your total liquid, you must have at least $500K to $600K liquid, which, in my opinion, calls for a much different strategy than somebody who is 22 years old, just starting in the workforce, and doesn't have a ton of assets. If I were in that place, I'd swing for the fences. I'm in mid-career and working towards an early-ish retirement. BTC is part of that strategy, if nothing else, as an inflation hedge, but as a small part of my total portfolio. I've got a bunch of dry powder right now, though, so I bought this morning at $528 and change and I'll buy again on dips. I guess if we get another hard dip (which will cause me to buy) and a run to a new high, my allocation might change! I'm in a similar age range as you mid-to-late 40s, and I have been building various classes and quantities of assets (including some assets that are more liquid than others) for 25 years-ish.... So, yes for sure age and acquisition of assets do affect strategies, and from time to time, I reconsider my investment portfolio and my risks and my redistribute within the portfolio. Actually, I have been considering increasing my ability to travel and to maintain my income with location independence living, and there continues to be concern about the extent to which I need to work to preserve my assets or to build my assets and whether I have enough assets and income stream to maintain my lifestyle reasonably living within my means.. and the more passive the income the better. Last fall I was considering potential ways to hedge against the dollar b/c a lot of my assets have been very tied to the success or failure of the dollar. In November 2013, I began reading about bitcoin in this context to want to hedge against the dollar. Not a great time to start reading about BTC, but better later than never, and surely, i am mostly inclined towards thinking that we are still amongst the "early adopters" in the BTC space. After doing a quick and preliminary assessment of the bitcoin situation, I started investing in BTC at the end of November 2013, at the peak of BTC prices... However, I realized that BTC prices had just experienced about a 9x appreciation within the previous few months, so accordingly, I began to invest slowly into BTC with my first purchase at just 1.24BTC. I was cautious b/c I felt pretty confident that BTC prices could NOT keep going up at that rate, but I still wanted to get some skin in the game, just in case the exponential growth continued (I wanted to be onboard for such). At that point in late November 2013, I dedicated $30k to be invested over the next approximately 6 months (until May 2014), and I thought that maybe I would end up acquiring about 30 BTC-ish during that period, while front loading my investment to some extent, in order to get some skin in the BTC game. During that time that I was making some initial investments into BTC, I continued to read up on BTC during that time and more or less stuck with my initial BTC investment plan until about mid-February 2014. By that point (mid-2/14), I had acquired about 26BTC for less than $20K and an average buy in price of about $750.., but BTC prices continued to be in the $600 range, which was below my then $750 buy-in average. Accordingly, I decided to UP the amount that I was allocating towards my BTC investments b/c I had been learning more about BTC in the preceding months and I had been gaining increased confidence in its various fundamentals (including adoption, regulations, liquidity, investments, news coverage and other factors). As we may recall that in late February 2014 and in mid-April 2014, BTC had two price crashes (to the $400s and into the mid-$300s respectively). By one point in May 2014, I was able to bring down my average BTC buy-in price to $595 (including transaction fees); however, my current average BTC buy-in price is about $610. I do continue to buy on dips to the extent that I can attempt to figure out the dips, and I have fiat available and dedicated to buying BTC. I try to keep some on reserve fiat on hand to be able to continue to buy on dips, but it becomes easy for me to run out of fiat when BTC prices are crashing and if I had already bought some BTC at a higher level during the crash (that I thought may have been the bottom). Of course, we attempt to buy on the price dips.. but who knows for sure the extent and duration to which the BTC price dips are gonna be, yet in the long run, it seems that it will NOT matter too much b/c BTC seems pretty likely and posed to have another exponential increase in price.. which will likely make up for the much sloppiness in attempting to accumulate more of it. So, instead of acquiring 354 BTC, a person may ONLY have acquired 320 BTC, but in the end, it may NOT matter too much.. whether it was the higher or the lower amount of BTC in the portfolio.. especially if BTC happens to have one or two more exponential growth periods. |
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Please, spare us the BS. "A child's toy in the future will put to shame the combined might of all the computers on earth right now." He's the next guy you're talking about. That's all we have to know.
I think you are missing the point.... I am not talking about what unknown coin is out there or anything that will be the next big thing. I am simply talking about No one knows what Bitcoin will be, so its silly to assume that we have passed the tipping point, or hasn't even reached close to its potential. Like I said, we are all guessing and hoping. Don't think too much.... Where the hell did I say anything about an unknown coin in my reply to you? Do I have to teach you how to read? The whole point is that BTC is doomed, tipping point or not. Re-read my post. Your scenario about a BTC doom computer in the future is just that - in the future, which does NOT mean that BTC is NOT adding value today and that BTC and/or its technologies are NOT going to continue adding value for quite some time into the future... If and/or when such a BTC doom computer comes about in the future, then we can cross that bridge at that time, and surely there are various engineering and programming maneuvers that can be used to safeguard, modify or prevent some of this doom and/or gloom that you are projecting in the distant and uncertain BTC future. |
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Please, spare us the BS. "A child's toy in the future will put to shame the combined might of all the computers on earth right now." He's the next guy you're talking about. That's all we have to know.
I think you are missing the point.... I am not talking about what unknown coin is out there or anything that will be the next big thing. I am simply talking about No one knows what Bitcoin will be, so its silly to assume that we have passed the tipping point, or hasn't even reached close to its potential. Like I said, we are all guessing and hoping. YES!!!! I think that was the point of the thread to get us to speculate about whether BTC is at a tipping point or NOT. You, Leex1528, are seem to be suggesting that we should discredit all of the speculation b/c NOBODY knows the direction of BTC... There is some truth to that statement, but it seems to be overstated. Personally, I question your viewpoint b/c even though NOBODY knows for sure about the direction of BTC, people who analyze and who become informed about the technologies surrounding BTC and the marketing and the adoption and the liquidation opportunities and the investments can place various probabilities on various outcomes and predict various probabilities regarding the direction of BTC... I think that there are a full range of possibilities in the direction of BTC that have NOT completely worked themselves out yet, including potentials for the development of near complete hostility towards BTC, yet there are various aspects of BTC (cat's out of the bag), that cannot be undone... and we cannot go back to uninvent some of the innovative aspects of BTC that may continue to be carried out by BTC and as we have seen have been adopted by other innovations, including competing crypto-currencies. |
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IMHO it's 2011 all over again, the downtrend will continue ,
with a few bumps here and there
Good news is not enough any more to fuel the rise,
people who want to get into BTC still think it's expensive
They can buy in fractions of a coin... dah?? You know deep down that these dumb fucks are NOT going to buy NO matter what the price between $1 and $550.... they are NOT convinced, and if they price is going down, they are NOT gonna be convinced. On the other hand, they are NOT gonna think that BTC is too expensive when it is in the $850-$2500 range b/c then a lot of people are going to be buying out of fear that they will miss the train (that they already missed when they failed to buy between $550 and $850. That is just the way... of these kinds of paradigm shifting innovations... such as BTC.. they do NOT recognize the value, until the price is skyrocketing. |
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the most fucked up at the moment are miners, an investor or a trader can close his position to cut his loses anytime, but miner will be stuck with a non profitable hardware that cant sell, above all of that he has to pay for mining costs (power, internet, maintenance, rent....)
Not true, depends where you are in the cycle. My miners have paid themselves off and continue mining at a cost of $190/BTC. So how am I "most fucked"? Sometimes it helps if you know what you're talking about. You obviously don't! I am always up for a little correction of the retardtroll...>>>>>> Mmitech. |
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Shorts closed for now, will set up new ones around 550-560$ No longs in between, i´m too scared that this could crumble any minute, lol.
YOU must be losing lots of money in recent times, the way you are trading...? |
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The thing about mmitech, shroomskit kreinaha et al is that they are dishonest. They proclaim the end of the world to induce selling from others, whilst secretly waiting to buy back in at a lower entry.
Good job guys!
+1 Yep.... you said it. I do wonder if you would consider the opposite as dishonest: Bulls talking something up to get a higher price so that they can sell at (more) profit. If you know of dishonesty and trickery, then those kinds of behaviors would be equally bad if they are done to deceive others into acting contrary to their interest. |
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The thing about mmitech, shroomskit kreinaha et al is that they are dishonest. They proclaim the end of the world to induce selling from others, whilst secretly waiting to buy back in at a lower entry.
Good job guys!
+1 Yep.... you said it. |
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Doesn't matter, I'm selling now. Time to get out fellas.
Should I say it now or come back later to say "I told you so"? Jesus Christ, what a fucking arrogant Jesus Christ, to be quoting him/herself!!! |
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Those hedge funds are having a blast, pissing all over the small guys again.  They seem to be desperate to get the BTC prices down or crazy to be dumping over $3k coins on stamp in 30 minutes... at these mid-$500 prices. |
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I just wrote a PM to ShroomsKit asking some questions about the current situation, however the reply came from falllling??
That's the OLD Fonzie that we used to know... spreading FUD>....  Welcome back. ROFL isn't falling your alt? Me and few members think that, or atleast he trolls as hard as you do  You have a rock in your pocket? or you mean the "royal we" think some silly theory? If you think that I am a troll or that I am trolling, then you (or yous) have a pretty perverted definition regarding what is a troll. @JayJuanGee - PLZ STOP TROLLING; THXWe got the above referred-to misunderstanding fixed.... so therefore, I corrected your statement, above .. YOU ARE WELCOME.... |
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I just wrote a PM to ShroomsKit asking some questions about the current situation, however the reply came from falllling??
That's the OLD Fonzie that we used to know... spreading FUD>.... Welcome back. ROFL isn't falling your alt? Me and few members think that, or atleast he trolls as hard as you do You have a rock in your pocket? or you mean the "royal we" think some silly theory? If you think that I am a troll or that I am trolling, then you (or yous) have a pretty perverted definition regarding what is a troll. It has been reply to fonzie not you dude... OK... I take all my harsh words back.... mmmmmmuuuuuaaaacccchhh.  Friends again... .I hope. |
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I just wrote a PM to ShroomsKit asking some questions about the current situation, however the reply came from falllling??
That's the OLD Fonzie that we used to know... spreading FUD>.... Welcome back. ROFL isn't falling your alt? Me and few members think that, or atleast he trolls as hard as you do You have a rock in your pocket? or you mean the "royal we" think some silly theory? If you think that I am a troll or that I am trolling, then you (or yous) have a pretty perverted definition regarding what is a troll. |
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When will Ethereum be listed on Coinmarketcap? |
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ah, big players, whales and other mythical beings.
well, market does not give a fukk about them.
...until they paint the ticker. What if some big player in accumulation mode is buying directly from pools/OTC, maybe with the 'excuse' that is an ETF/institutional investors who wants just 'clean'/virgin coins. They would use an exchange price as reference so the accumulator would have a big incentive to sell some on the exchanges while buying more OTC to buy as low as possible. +1 This is what I have been saying too. I've thought about this theory for quite a while now. The only thing I can't figure out is how many coins they are buying from miners. The most they can buy from a large mining group that doesn't pay out its individual pool members is under 800 coins a day. So why dump so much to only get 800 coins for such a small discount? There are 3,600 new coins mined every day..... so a accumulator could have multiple buying contracts... therefore theoretically get up to 3600 per day if they were slick about it and were able to accomplish such. Where do you get 800 (which is only 22% of the total BTC mined per day)? |
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I just wrote a PM to ShroomsKit asking some questions about the current situation, however the reply came from falllling??
That's the OLD Fonzie that we used to know... spreading FUD>.... Welcome back. |
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