I am willing to say that I am on the edge of being officially bullish on this market.
It looks as if fresh fiat is coming into the bitcoin exchanges.
If this is correct, then 340 was the low and we will be coiling up for a major move sometime before the end of 2014.
The jury is still out on this one, but if we break 680 with ease in the next day or so and continue to rally up and consolidate at highs, then I will expect ATH before <$340
WindJC: You are so charitable in your bullish remarks....   |
|
|
|
<<<WATCH>>> IMO:::WE ARE ABOUT TO GO+ #TEST THE /\$900zZz!!!!  What are you smoking did you not hear about DISH network?  muuuhahahaahaha  That's cute, is that why you think the price is moving? BTC w/21million max shares,, *cough* i meant coins out? LOL ====>$1000-$3000 BTC is the rumour by July 1st That's a big-ass and very optimistic BTC price range that you are predicting - for BTC prices to either to be up by anywhere between 50% and 450% in less than 30 days. I am NOT saying that such a prediction is NOT possible, but surely such a prediction seems fairly unlikely, in my current thinking.... maybe a less than 5% chance for the lower end of your prediction ($1,000) and a less than .05% chance for the upper end ($3,000). Don't get me wrong, I would love for such an optimistic outcome to materialize (especially the upper end); however, I am inclined to believe that $710 to $850 range is more likely and realistic by July 1. Currently, I am hypothesizing that there is a 30% to 60% chance that BTC prices will be in the $710 to $850 range on July 1 - but I have NO real source for my prediction besides my just watching the news and the BTC price trends. |
|
|
|
That is a very interesting site. I had NOT previously seen it. The data seems to be inconsistent between clicking on the beta predictor and the other 24 hour, 5 day and 20 day charts.... I mean the beta live version seems to be a bit more bullish than the non-live version. In this regard, the live version predicts mid-$700s in the coming 24 hours; while the non-live versions predicts lower $700s in the coming 24 hours (though granted, the NON-live version seems to update on the hour, so seems to have NOT yet accounted for the price spike that occurred within the last hour). The developer, Kevin asserts that short -term predictions are likely more accurate than long-term predictions, so long as there are NO major news events affecting the prediction outcomes. And, the algorithm seems to be based on historical performance, which we likely know is NOT necessarily a good predictor of future performance. Further, his 20-day prediction seems to place BTC prices in the $300 to $400 territory, which seems very bearish and failing to take into account that BTC has been in a down trend for more than 6 months, which will more likely cause BTC prices to go up from here (our current price-point) rather than going down from here. I could NOT really gather from the website how he came to what seems to be a hair-brained idea that BTC prices are going to plummet anywhere below $600 in the coming month. Seems highly unlikely given the pent-up at-the-moment BTC situation. NONETHELESS, I do like the concept of the site, if he is able to take into account more variables, then maybe the predictive aspect (especially longer term) may improve both long-term and short-term prediction(s). |
|
|
|
Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.
Were you watching how it happened Oda? It was very very strange.  I don't know if it was strange. What I do find strange is how Huobi is now again behind Bitstamp (not sure Chinese sleeping accounts for this). Was yesterday a mere fluctuation in the price delta or have conditions changed again? I'm afraid noone truly knows, not even the Chinese. It's that obvious, huh Yes. Short term trade, went in and out with a net zero. I'm still not 100% convinced we'll break through the ma200 tonight, but there's some real force behind this rally, I can't say otherwise, so being long makes more sense right now. Frequently, I am torn about what to do exactly when more fiat comes available to me - and how to attempt to time the BTC market, to attempt to get the best advantage (or best bang for my bucks). Yesterday, I had 100% of my crypto investment holdings into various cryptos (not fiat), and about 97% of that in BTC and about 3% in other cryptos. Today, I had the equivalent of approximately 7.5% of crypto investments in fiat come available to me. Accordingly, I used 2.5% of that to buy BTC at $630 per BTC, and I was waiting to see what the BTC prices were going to do for my remaining 5% - hoping that prices would come down. In the next 1 to 90 days, I am going to receive approximately the equivalent of 50% of my total BTC holdings in fiat that I will be able to invest into BTC (or another crypto) - although I remain uncertain about the exact timing of the receipt of the fiat or the exact amount, I speculate about what to do with that fiat when it comes and what its purchasing power will be when it arrives - especially since BTC prices are continuing to go up in the near term. Since there are so many unknowns, I just prefer to wait, until some of the unknowns become known before taking action (I become real uneasy to attempt leveraging when there are too many unknowns). In essence, I consider that we only have the market dynamics of the time in front of us and the need to be able to read the tea leaves of the future from those dynamics - which seems to be nearly impossible, if we are NOT whales ourselves who can manipulate the market. |
|
|
|
And bears offered us humble pie this morning. Bears have had their moments in the sunshine in the past few months and maybe even in the past 12 hours... but again, the proof of the pudding is going to be in the eating and we are on our way to the feast.... maybe we will be getting a few appetizers on the way, and we may get diverted for a few cigs and beers... yet, a feast seems in our near future... The cards seems to be stacked accordingly. Thanks Bitcoin infrastructure developers, merchants and HODLERs...  |
|
|
|
ARE YOU GUYS SEEING THIS BUY ORDER ON STAMP??? 696 BTC Funny to think that was a fairly normal sized trade just a couple of years ago. I think that volume comparisons are over-rated, especially when we are talking in terms of bitcoins today as compared with bitcoins from a couple of years ago. A couple of years ago, the bitcoin value in dollars was a fraction of today's value (maybe 1/50th - depending upon the exact time period) - even a year ago, BTC prices were about 1/5th of today's prices - and anticipated supra-$1,000 BTC prices that seem to be coming in the very near future. Additionally, in the interim, we have witnessed some examples of fake volume (china) and possibly unwittingly non-existent BTCs (Gox), and those kinds of representations skew the comparison reference points. In essence, the questions concerning bitcoin should NOT be measured in BTC alone without defining more clearly and specifically the reference points. |
|
|
|
MOON MNOON?
No No, that's the old saying, as of now it's "to da gyyym" You gotta love bitcoin, solves banking problems and you get healthcare advise, all while making money. BTC to cure cancer! This is one of the most off-topic days on the Wall Observer. Since I may be partly to blame for this "off topic", I would like to defend my position. I suggest that this is NOT an off topic day but instead a stretch of relevancy day b/c in essence, all subject matters are relevant to bitcoin and relevant to bitcoin prices, affected by the observation of bitcoin walls. Thanks Adam!!!!! |
|
|
|
wtf unsolicited health advice
gee, rpietila can be healthier if he eats better, exercises more, don't smoke/drink. Like anybody with a pulse isn't already aware of that
Actually, you are correct that unsolicited advice can be really irritating and annoying, and I did NOT mean to be preachy or to deviate too far from the topic. Nonetheless, if we are able to spend 10 pages receiving donations from Adam in order to imbibe some beers, we should be able to spend a few posts talking about how to make our BTC wealth pay off for us, in regard to health and/or lifestyles. In this regard, Rptiela's lack of a healthy appearance stood out tremendously in that pic, and with all of those BTC proceeds that he claims to have in his coffers, he should be able to do something about his apparently unhealthy appearance. If we are into accumulating wealth through bitcoin, then we should want to enjoy such accumulation, no? I don't know where you get your information about me supposedly being a troll. That comment is total bullshit, and if you read much substance of my multiple posts, you would realize that I make my posts with genuine attempts to communicate relevant ideas and without any ill-intentions towards anyone, except maybe trolls.. hehehe, which I again assert that I am NOT... . Accordingly, I even stated in my earlier post (and I meant it) that I did NOT make my comments towards Rpietila lightly or with any maligned intentions towards RPietila.
Regarding the substance of your comment. Lighting and angle are NOT going to account for the bad health that is depicted in such picture. Genetics may account for some of such depiction, and I stated that I was sorry, if genetics were the case... and that is why I largely attempted to focus my comments on the three main controllables (diet, sleep and exercise).
You realize you post in a forum where, by virtue of the topic and the alignments with that topic, there's probably a pretty big overlap between users here and the crowd that populates your typical computer science/physics/math department... When was the last time you have been to one of those? I'm afraid, you'd be advising a lot of people on the "three main controllables" in one of those Even computer, science and math geeks have to realize that they need to take health preservation measures, if they want to continue being alive. Nothing wrong with a few vices, here and there. That's for sure. |
|
|
|
no one has time for that
Rpietila won't live forever
bullish?
I got a chuckle out of your post, and admittedly, I probably already said more than my fair share about that situation. So I will refrain from saying more, for the moment. Adam: I am wondering whether you could make the poll into ranges rather than absolute numbers.. and maybe provide the date to which you refer (end of the week is ambiguous) For example: "By June 6th, BTC prices will be: less than $500 $500-$549 $550-$599 $600-$649 $650-$699 $700-$749 $750-$799 $800-$849 More than $849?" |
|
|
|
Nice surprise right when I woke up, rpietila showing his mansion at the front page of Helsingin Sanomat, Finland's largest news papers: http://www.hs.fi/ulkomaat/Suomalaismies+osti+kartanon+bitcoinilla/a1401596630456 From the article: "34-year old Pietilä may be one of the few people who got rich with bitcoin before the virtual currency crashed in value"  Also my first post here, been lurking tightly since the last bubble when I first learned about bitcoin and bought my first ones. Bought a little more this morning after reading the news. He looks a lot like Anders Breivik, I reckon. I almost hate to say this; however, I cannot resist. If someone who looks like this guy in this picture has a lot of money, then he needs to put that money to work for his own benefit, health wise. I am NOT talking about the genetic factors that cannot be changed, and I am sorry if there are unknown genetic factors present. What I am suggesting is that this person, seemingly admittedly Rpietila, is looking too sickly for a 34 year old in the 21st century. These days we have longer longevities, but this picture looks like a person who is nearly on his death bed - pale and a kind of skinny fat. Rpietila, I make this suggestion to you without hate and with your best interest in mind - b/c I would like you to be around in 1 year or 10 years or more, if possible. I would prescribe changing some of the health factors that are within your control, and you have additional control over several lifestyle matters b/c you are supposedly well off in the money department (you do NOT have to work, if you do NOT want to). Most important is diet. You need to make sure that you are getting sufficient quantities of meat and fat in your diet. Red meat, fatty fish would be good to make sure as staples. Some green vegetables would be good too. Cut out foods with added sugars, and especially a large number of processed foods, including those with fillers such as wheat, corn and soy. Try to limit your carbs to less than 35% of your diet. Actually less than 20% would be o.k. too, but up to 35% is acceptable so long as those carbs are mostly whole foods, and are not dominated by processed foods and sugars. 2nd : Sleep. Most people need at least 6 hours per day, but 6-9 hours may be o.k. More than 9 hours may NOT be good. 3rd: Exercise. Of course this can vary based on your total activities, but from the look of the picture, you have NOT been getting too much exercise in recent years. At minimum you should be getting 2 hours per week over 3 days. I would recommend more however, such as 4-5 hours of exercise per week. You do NOT want to over do exercise, b/c you need to control inflammation, especially if you are NOT used to exercise. Also, most people need to space out their exercise in order to build in rest and recuperation times, especially as we get older. You can combine resistance training such as weights with cardio-vascular. But since it looks like you may NOT exercise too much, you may want to warm up 5-10 minutes of cardiovascular before partaking in resistance training. Usually, it is better to save the bulk of the cardio-vascular for the end of your work-out rather than the beginning b/c you do NOT want to wear yourself out with cardio-vascular when it appears that you may need some muscle building. Ok, I understand that you are a troll, but still, that's ill-spirited and harsh! It is not the best picture. Lighting is bad, angle is bad, etc. Also, Risto lives in Finland, no shit he is pale I don't know where you get your information about me supposedly being a troll. That comment is total bullshit, and if you read much substance of my multiple posts, you would realize that I make my posts with genuine attempts to communicate relevant ideas and without any ill-intentions towards anyone, except maybe trolls.. hehehe, which I again assert that I am NOT... . Accordingly, I even stated in my earlier post (and I meant it) that I did NOT make my comments towards Rpietila lightly or with any maligned intentions towards RPietila. Regarding the substance of your comment. Lighting and angle are NOT going to account for the bad health that is depicted in such picture. Genetics may account for some of such depiction, and I stated that I was sorry, if genetics were the case... and that is why I largely attempted to focus my comments on the three main controllables (diet, sleep and exercise). |
|
|
|
Nice surprise right when I woke up, rpietila showing his mansion at the front page of Helsingin Sanomat, Finland's largest news papers: http://www.hs.fi/ulkomaat/Suomalaismies+osti+kartanon+bitcoinilla/a1401596630456From the article: "34-year old Pietilä may be one of the few people who got rich with bitcoin before the virtual currency crashed in value" Also my first post here, been lurking tightly since the last bubble when I first learned about bitcoin and bought my first ones. Bought a little more this morning after reading the news. He looks a lot like Anders Breivik, I reckon. I almost hate to say this; however, I cannot resist. If someone who looks like this guy in this picture has a lot of money, then he needs to put that money to work for his own benefit, health wise. I am NOT talking about the genetic factors that cannot be changed, and I am sorry if there are unknown genetic factors present. What I am suggesting is that this person, seemingly admittedly Rpietila, is looking too sickly for a 34 year old in the 21st century. These days we have longer longevities, but this picture looks like a person who is nearly on his death bed - pale and a kind of skinny fat. Rpietila, I make this suggestion to you without hate and with your best interest in mind - b/c I would like you to be around in 1 year or 10 years or more, if possible. I would prescribe changing some of the health factors that are within your control, and you have additional control over several lifestyle matters b/c you are supposedly well off in the money department (you do NOT have to work, if you do NOT want to). Most important is diet. You need to make sure that you are getting sufficient quantities of meat and fat in your diet. Red meat, fatty fish would be good to make sure as staples. Some green vegetables would be good too. Cut out foods with added sugars, and especially a large number of processed foods, including those with fillers such as wheat, corn and soy. Try to limit your carbs to less than 35% of your diet. Actually less than 20% would be o.k. too, but up to 35% is acceptable so long as those carbs are mostly whole foods, and are not dominated by processed foods and sugars. 2nd : Sleep. Most people need at least 6 hours per day, but 6-9 hours may be o.k. More than 9 hours may NOT be good. 3rd: Exercise. Of course this can vary based on your total activities, but from the look of the picture, you have NOT been getting too much exercise in recent years. At minimum you should be getting 2 hours per week over 3 days. I would recommend more however, such as 4-5 hours of exercise per week. You do NOT want to over do exercise, b/c you need to control inflammation, especially if you are NOT used to exercise. Also, most people need to space out their exercise in order to build in rest and recuperation times, especially as we get older. You can combine resistance training such as weights with cardio-vascular. But since it looks like you may NOT exercise too much, you may want to warm up 5-10 minutes of cardiovascular before partaking in resistance training. Usually, it is better to save the bulk of the cardio-vascular for the end of your work-out rather than the beginning b/c you do NOT want to wear yourself out with cardio-vascular when it appears that you may need some muscle building. 2 more advice: No smoking Light drinking Gosh... they are even in the picture. Yes..... agreed about the no smoking and light drinking - though I think those two are lower on the priorities (4th and 5th). Maybe getting some sunlight would also be good? I know being in the NORTHERN latitudes, this is NOT always easy in the winter months, but still getting sunshine is important, and you do NOT need as much when you are light-skinned - maybe 60 minutes a week. |
|
|
|
It's probably far too late for anyone joining in 2014 to be part of the "wealthy elite". That opportunity existed in 2009, 2010, 2011, 2012, and early 2013. But not anymore.
That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
Some people could afford to invest $50 to 100 per month on BTC (or some larger amount), and just build up their BTC portfolio over the years.. with their spare income. That's pretty much what I've been doing. I put in $20 two weeks ago, $50 about a month or two ago, and about $100 during the Mt. Gox crisis earlier this year. Well. I suppose that each of us can only do what s/he can in the investment allocation department. And, if you are fairly confident that BTC prices will be going up dramatically in the coming years, it may be good to figure out ways to acquire more fiat for such investments (and maybe make more regular investments more frequently - such as $10 or $20 per week). Currently, I'm in my 40s, and I have improved my finances considerably from when I was in my 20s; however, nearly always I had maintained an investment plan in which I incorporated routine investments into various assets, even when my budget was pretty tiny. Bitcoin is much better than any of my investments in my 20s (for example, I had invested in US savings bonds) b/c with bitcoin there is considerable increased ability to control the timing and amount of your investment with fewer hassles (24/7 - and you can shop around for pretty low fees) |
|
|
|
It amazes me there are still people selling. The market clearly wants to go up. Why would you possibly sell now.
Because you (ie the sellers) really, really want the market to go down Maybe I've tinfoil goggles as well as a tinfoil hat but to me it looks fairly obvious, the dump yesterday, the SR 'crash', the brutal corrections any time it went near the trendline (peaks on log scale) on the way down and the countless FUD news articles and attempts to create panic. Nothing to worry about imho, that which doesn't kill us... Those huge peaks on days destroyed and the way those coins entered the market is interesting though, I'd guess early involvement but it also looks similar to the number of coins missing from gox. I really do NOT get the silk road reference bc it seems that there has been nothing but good news regarding silk road in recent weeks, including their supposed recovery of 82% of lost coins. http://www.coindesk.com/silk-road-claims-80-stolen-bitcoin-repaid/ |
|
|
|
Nice surprise right when I woke up, rpietila showing his mansion at the front page of Helsingin Sanomat, Finland's largest news papers: http://www.hs.fi/ulkomaat/Suomalaismies+osti+kartanon+bitcoinilla/a1401596630456From the article: "34-year old Pietilä may be one of the few people who got rich with bitcoin before the virtual currency crashed in value" Also my first post here, been lurking tightly since the last bubble when I first learned about bitcoin and bought my first ones. Bought a little more this morning after reading the news. He looks a lot like Anders Breivik, I reckon. I almost hate to say this; however, I cannot resist. If someone who looks like this guy in this picture has a lot of money, then he needs to put that money to work for his own benefit, health wise. I am NOT talking about the genetic factors that cannot be changed, and I am sorry if there are unknown genetic factors present. What I am suggesting is that this person, seemingly admittedly Rpietila, is looking too sickly for a 34 year old in the 21st century. These days we have longer longevities, but this picture looks like a person who is nearly on his death bed - pale and a kind of skinny fat. Rpietila, I make this suggestion to you without hate and with your best interest in mind - b/c I would like you to be around in 1 year or 10 years or more, if possible. I would prescribe changing some of the health factors that are within your control, and you have additional control over several lifestyle matters b/c you are supposedly well off in the money department (you do NOT have to work, if you do NOT want to). Most important is diet. You need to make sure that you are getting sufficient quantities of meat and fat in your diet. Red meat, fatty fish would be good to make sure as staples. Some green vegetables would be good too. Cut out foods with added sugars, and especially a large number of processed foods, including those with fillers such as wheat, corn and soy. Try to limit your carbs to less than 35% of your diet. Actually less than 20% would be o.k. too, but up to 35% is acceptable so long as those carbs are mostly whole foods, and are not dominated by processed foods and sugars. 2nd : Sleep. Most people need at least 6 hours per day, but 6-9 hours may be o.k. More than 9 hours may NOT be good. 3rd: Exercise. Of course this can vary based on your total activities, but from the look of the picture, you have NOT been getting too much exercise in recent years. At minimum you should be getting 2 hours per week over 3 days. I would recommend more however, such as 4-5 hours of exercise per week. You do NOT want to over do exercise, b/c you need to control inflammation, especially if you are NOT used to exercise. Also, most people need to space out their exercise in order to build in rest and recuperation times, especially as we get older. You can combine resistance training such as weights with cardio-vascular. But since it looks like you may NOT exercise too much, you may want to warm up 5-10 minutes of cardiovascular before partaking in resistance training. Usually, it is better to save the bulk of the cardio-vascular for the end of your work-out rather than the beginning b/c you do NOT want to wear yourself out with cardio-vascular when it appears that you may need some muscle building. |
|
|
|
On today's menu, our bullish members will be mainly eating...  Dont think so drop kick .... Pplz gotta take profits and back we go up I bet my left nut that we wont break 600 I am certainly bullish in my sentiments about the current state of bitcoin; however, it is truely idiotic in my thinking to be talking in such absolutisms regarding the bitcoin price. That's what gets people into trouble, and who the fuck really knows what kinds of manipulations can take place in the short term to affect BTC prices beyond expectations. So don't be betting your left nut on anything related to bitcoin prices b/c you may need that later in life, especially if you plan on having kids in the future. Agreed regarding the absolutism. Bitcoin blows everyone's minds when it goes both directions. And it's never a good idea to go around betting testicles. Just my two cents. +1 he he he ... That's what I'm talking about... |
|
|
|
On today's menu, our bullish members will be mainly eating... Dont think so drop kick .... Pplz gotta take profits and back we go up I bet my left nut that we wont break 600 I am certainly bullish in my sentiments about the current state of bitcoin; however, it is truely idiotic in my thinking to be talking in such absolutisms regarding the bitcoin price. That's what gets people into trouble, and who the fuck really knows what kinds of manipulations can take place in the short term to affect BTC prices beyond expectations. So don't be betting your left nut on anything related to bitcoin prices b/c you may need that later in life, especially if you plan on having kids in the future. |
|
|
|
Anybody get a circle.com invite yet?
From my understanding, you have to go to their website to request an invite, and I made such an invitation request about a week ago.
However, I have received No invite from them, so far.
I would also be curious whether anyone has used their service(s) to purchase and/or sell bitcoin, yet.
I requested and no invite. Several days ago there was a blog post on their site answering questions and it seems the #1 question was, where is my invite? The following is part of their answer. We are not in general release whatsoever.
Making this worse from a Bitcoin pro’s perspective: The product is designed for casual consumers, so the initial invites have gone to those sorts of profiles rather than those who already breathe ECDSA crypto and the like. We’ll certainly expand, as we need the harsh feedback of the pro Bitcoiners just as well, but we will not expand quickly enough to please everyone.Profiles? My "profile" consisted of my name and email address. The answer seems to be that we are still in the hype phase and that their answer is bullshit. Thanks. Their answer seems a bit strange to be attempting to expand into a certain kind of user based on their invitation request. Probably, they fear that people will over use their site if they expand very quickly at all - b/c zero fees will create a trading incentive (like what goes on in china). Zero fees seems to good to be true. |
|
|
|
Last 2 weekly MACD crosses produced this:
I say 7x this time. 7x from what price point do we measure? From seleme's box, bottom left: 648 I don't completely proclaim to understand the box or the number; however, it seems that $648 is the pricepoint in which the 1 week macd is projected to cross. Also, I suppose that is as good a number as any which means BTC will achieve 7X of approximately $4,536,and then come down by 50% or so and then repeat again. I will plan accordingly ..... though taking the information with a grain of salt.. hopefully attempting to remain somewhat flexible too, b/c I am of the sense that human behavior, including markets and BTC prices cannot be completely mapped out in math. |
|
|
|
Anybody get a circle.com invite yet?
From my understanding, you have to go to their website to request an invite, and I made such an invitation request about a week ago.
However, I have received No invite from them, so far.
I would also be curious whether anyone has used their service(s) to purchase and/or sell bitcoin, yet.
I'm wondering the same thing. I'm just guessing, but the thought occurred to me that they might be waiting for some regulation that might be coming soon before sending out the invites. They said that they were going to try to moderate their growth rate; however, I have NOT heard any specifics about any normal person actually using it, yet.. or anybody else for that matter (referring to non-normal peeps). |
|
|
|
It's probably far too late for anyone joining in 2014 to be part of the "wealthy elite". That opportunity existed in 2009, 2010, 2011, 2012, and early 2013. But not anymore.
That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
Some people could afford to invest $50 to 100 per month on BTC (or some larger amount), and just build up their BTC portfolio over the years.. with their spare income. That is using a dollar cost averaging method to invest into BTC by using a specific amount of fiat at set intervals.. as you earn it. However, if people know about BTC and believe that BTC will be going up in value, then they have the ability to create hybrid dollar cost averaging, and that would be to attempt to front-load their investment and/or to time the market to buy more BTC when the prices are lower. Accordingly, NOW, seems to be a good time to buy at a lower relative rate b/c BTC prices seem to be on a precipice of advancing into a $1,000+ price range within the next few months, if NOT sooner. |
|
|
|
|
Show Posts
