I'm also back in. Time for upwards departure
this aint bull market, son. only possible departure is to the sub 500 zone. Agreed. Now is not the time to buy. Here I am walking through the woods, desperately fumbling around the minute options on my Iphone's display to close my long position on bitfinex on the advice of unknown strangers on bitcointalk  Took my little profit at 528 and am now in fiat. Don't make me get angry at you guys  thanks for the hint Yeah... I suppose that it depends upon who you trust... I certainly am of the sentiment that we could hit $495, maybe 50% chance... but it is very likely that I am NOT selling any BTC until we are over $700... he he he he ... |
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Kachiiing...
Damn, that bet wasn't good for my health...
Damn your FUD-o-matic. Yeah... that was quite the bet... and certainly, I was pretty confident that we were NOT going to see sub $530 - especially once the price began moving towards $600... with no apparent return in sight... |
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So... we finally looking into the bigger triangle yet for support?
[...]
Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work! That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it. I certainly would NOT claim to understand your chart, either.... or any of the charts that are frequently depicted in this thread b/c I remain unclear about frequently why a chart would start at some seemingly random place in the middle.... Sometimes, however, there is some explanation about the chart that makes sense b/c it is merely describing past recent performance... and of course, I am NOT doubting that there can be some valid contributions of the chart to provide some perspective in that regard - even though it may NOT spell certainty about what's coming next and approximately when it will be coming.... |
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I'm also back in. Time for upwards departure
this aint bull market, son. only possible departure is to the sub 500 zone. Every bear market ends at some point. You just don't know when exactly. Sub 500 coins is a gamble. Could be, could not be. It's anyones guess I think. That's why I sucked it up and bought a little at $517....... for sure I am buying again below $500, unless some actual and real news affects my decision... |
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Why does anyone care about China at all?
A dead Chinese btc market is a good thing, and it should have been factored in already.
poeple still believe the rumours are true? BUY BUY BUY! I wished i had more fiat to pump into this baby... |
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dont tell me we gona see a 2011 bear market
how would that even be possible with all the hype bitcoin has been getting and all VC's, wallstreet moving in etc.
i cant help but think we gonna see a violent upswing pretty soon
I totally agree! I don't know if we go below $400 but when the real upswing comes it will be the most violent ever. Who wants to buy coins at +$1k prices when you can get them for half off now. It'll be a rush for the door.  the world market is stupid also i didnt mean $1k+ i meant more like $700 Between $700 and $850... is pretty much a no brainer in the very near future... However, I am thinking that the ATH has been delayed a little bit b/c of the extent of this downward trend... But seems pretty likely that in the very near future... let's say less than a month, we will be bouncing between $700 and $850 |
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Shaky weak hands will leave the game and the price will go boom.
CCMF coming on a screen near you, shortly after the break.
O.k. NOW, I am relieved a little bit... Comments like this "CCMF coming soon" caused me to pull the trigger at $517.03. I can rest for a little bit now, and my next buy point will be around sub $500-ish, if we get to that point in the next day or so.. HOPEFULLY NOT..... |
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Double bottom always induce panic buy behind, at least in the book
GO bitcoin !
HOLY FUCK...... I did NOT pull the trigger, and it looks like I am losing my opportunity to buy on coinbase at $515.... maybe we are never gonna return to that price? The buy price has gone up more than $20 in 15 minutes.... Maybe I will have to settle for some other amount.. possibly $525, since we are kind of hovering? do not blink! OH>..... there is NO way that I am selling anything in the near future, absent some real and meaningful news... I seem to be a buy and HODL kind of guy. At the moment, I just want to buy a little more BTC at the cheapest possible price,.... since ALSO I am a bit of an economy shopper... I just do NOT happen to be able to pinpoint at which price-point I should buy... $525, or are we gonna return to $515 in the very near future? Now we are back down... so $520... seems pretty easy.. but.... I am probably gonna need to pull the trigger this time at $515... I am NOT sure if we gonna get much lower than that, on Coinbase... Of course... speculation on my part. |
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Double bottom always induce panic buy behind, at least in the book
GO bitcoin !
HOLY FUCK...... I did NOT pull the trigger, and it looks like I am losing my opportunity to buy on coinbase at $515.... maybe we are never gonna return to that price? The buy price has gone up more than $20 in 15 minutes.... Maybe I will have to settle for some other amount.. possibly $525, since we are kind of hovering? do not blink! OH>..... there is NO way that I am selling anything in the near future, absent some real and meaningful news... I seem to be a buy and HODL kind of guy. At the moment, I just want to buy a little more BTC at the cheapest possible price,.... since ALSO I am a bit of an economy shopper... I just do NOT happen to be able to pinpoint at which price-point I should buy... $525, or are we gonna return to $515 in the very near future? |
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Double bottom always induce panic buy behind, at least in the book
GO bitcoin !
HOLY FUCK...... I did NOT pull the trigger, and it looks like I am losing my opportunity to buy on coinbase at $515.... maybe we are never gonna return to that price? The buy price has gone up more than $20 in 15 minutes.... Maybe I will have to settle for some other amount.. possibly $525, since we are kind of hovering? |
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ppl really should stop getting exited about something like this really. So much noobs.
BITCOIN HAS BEEN DECLARED "NOT A CURRENCY" . THIS IS THE END DON't YOU GET IT YET ? lol! if thats not a buy signal idk what is. Apparently the market doesn't think it is BTC @ 523$ on btc-e China matters bc they have been buying a lot of BTC, they are 1.3Billion and they will be the next richest country in the world by all means very soon I am guestimating....... However, at the moment, probably less than 1% of the chinese even know about bitcoin... and less than .1% actually invest in bitcoin. |
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ppl really should stop getting exited about something like this really. So much noobs.
BITCOIN HAS BEEN DECLARED "NOT A CURRENCY" . THIS IS THE END DON't YOU GET IT YET ? lol! if thats not a buy signal idk what is. Yeah.. that seems to be more of a buy rather than a sell... At least it is NOT really a bad thing, b/c it provides some clarity.... either way, people are still going to continue to use bitcoin for payments, even if it is declared "NOT A CURRENCY." |
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It seems to be true that the Chinese official policies regarding bitcoin does NOT matter to the overall fundamentals of bitcoin b/c the Chinese will still find their ways to speculate in the bitcoin space. But also their ability to be bitcoin speculation fanatics drives bitcoin prices and could affect whether (or NOT) we return to ATH in the next few months. |
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HODL!!!!!1
I'm just trying to figure out at what point to buy b/c it seems too late to sell at this point. Anytime now, if you have the funds, would be nice... By this time next year you'll probably have 10x your fiat investment. I'm with you there, regarding the one year period... . Nonetheless, I am a little bit disinclined to buy at $515-ish, if the price is going to go down to $480....... Even though in a year, it may NOT matter too much. |
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HODL!!!!!1
I'm just trying to figure out at what point to buy b/c it seems too late to sell at this point. |
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By the way, in order to get to a fairly decent passive income stream from an investment , a lot of investment advisors suggest being able to withdraw from one's investment fund at less than 4% per year... with the assumption that on average the fund will be earning more than 4% per year.
I calculate that having an investment fund of about $1 million would sustain about $3.3k per month income (withdrawal). Of course if your investment happens to be earning, on average, more than 4% per year, then you could afford to withdraw more than 4% per year.. and still maintain the balance of the fund.
Also, it is NOT really easy to live well on $3.3K per month.... so there may be desires to build up the investment fund somewhat higher or to figure out how to receive better than 4% per year earnings on that fund.... and yes needing to account for inflation too, can eat into one's spending power.
I am hoping to get better than 4% per year average returns with bitcoins.... but as I said above, my nest egg is currently, NOT very large in the BTC world.
This family of three lives opulently on less than $3.3k/month (you should add the house payments if you haven't got it yet, admittedly), in a metropolis it's probably much harder. http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/4% APR is a conservative estimate for stock market long-term profitability after taxes and inflation. Just save 25 times your annual spending and you're comfortably set for life. YES... your cited article elaborates on the concept of living within your means... and I agree the less high maintenance you are, the earlier you can retire.... so long as you can keep up that same budget or lifestyle.. after retiring.. or you have a realistic grasp about how much it takes for you to live at a level that will be comfortable for you.. |
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just noticed that my favorite log baseline crossed over 500. rising almost $4/diem now. crosses the current price on 12 Apr. crosses ATH on 9 Jul at a rate of $8/diem.
Why say 'diem'? Is not easier and more accessible to type day? You know how you keep saying about your rule of thumb re. asking cabbies if they have heard of Bitcoin and they reply, no. Try asking them in English rather Latin, maybe you'll get a different response. I find language fun, too, as long as the joke does NOT digress into aire stuperior.... in that regard, when it comes to word choice, there remains artistic discretion - NOT necessarily equally enjoyed nor appreciated. |
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Well we didn't even get to 50% retracement of the 8 consecutive red candles (598). Which is shocking given that we went to 592 in a few hours of correction.
But the sell walls to keep price suppressed were amazingly effective. The bulls have no balls currently.
And the bears seem more eager to put up walls than to really sell.
So maybe we just sit and stare at each other for a while somewhere between $550 and $575.
Seems like a likely scenario. Not one that I favor atm though, because it looks like I might lose my bet against Pruden . You still got five days... You may want to do some bear-ish trolling... |
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I started with X, and now I have 400*X. It is that simple. It has nothing to do with how much I've withdrawn.
I was previously on a schedule of withdrawing about 20% every 3 months. However, now, for the first time ever, I have withdrawn 50% and split my funds entirely in half - 50% remain in btc and the btc markets, and 50% is back on earth. This will add a small setback to the exponential growth of my funds. However, I had to do this to:
1. Pay my taxes
2. Diversify in preparation for a potential economic collapse.
3. Lock in the ability to support myself and pay expenses for 1-2 years.
4. Buy some business equipment.
5. I wanted to open a brokerage account to try my hand in daytrading stocks/forex/futures. With this type of account I can still potentially exponentially grow these funds but they are not locked in as paper gains in the btc world.
I am now considering real estate investments also, but have not allocated any funds for it.
No, my primary occupation is not trading or finance. I am a software developer.
It's just hard to believe that you effectively doubled up 9X in a row to get returns like that. Did you use leverage on bitfinex? Borrow BTC to short it? Outperforming the market 400X is an extraordinary claim. Extraordinary claims demand extraordinary evidence and I have yet to see much evidence. Nothing personal. I find it difficult to comprehend, but seems like it could be possible.... with extraordinary timing... buying low and selling high.. rinse and repeat. However, I believe that she is only claiming to outperformed the market by 100x. She is saying that she got 400X, but the market, on its own, performed 4x. I believe that would be her outperforming the market by 100X.... |
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I started with X, and now I have 400*X. It is that simple. It has nothing to do with how much I've withdrawn.
I was previously on a schedule of withdrawing about 20% every 3 months. However, now, for the first time ever, I have withdrawn 50% and split my funds entirely in half - 50% remain in btc and the btc markets, and 50% is back on earth. This will add a small setback to the exponential growth of my funds. However, I had to do this to:
1. Pay my taxes
2. Diversify in preparation for a potential economic collapse.
3. Lock in the ability to support myself and pay expenses for 1-2 years.
4. Buy some business equipment.
5. I wanted to open a brokerage account to try my hand in daytrading stocks/forex/futures. With this type of account I can still potentially exponentially grow these funds but they are not locked in as paper gains in the btc world.
I am now considering real estate investments also, but have not allocated any funds for it.
No, my primary occupation is not trading or finance. I am a software developer.
Surely, each of us personalizes our diversification to our level of confidence and risk tolerance, and our needs, expenses, efficiencies and luck will likely vary. Bitcoin occupies less than 5% of my total investment, but probably more than 20% of my arguably liquid investments. these amounts are NOT easy to calculate - especially, if some assets are NOT liquid and their value may NOT be truly known until such liquidation has been carried out. From your recent posts, it appears that you may be diversifying to some extent out of BTC - and me, on the contrary, I am slowly increasing my BTC holdings and the percentage of my total BTC holdings. Since I am a fairly newbie to BTC, I continue to monitor and learn about it, and based on my learning and monitoring of BTC, I may decide to alter my overall strategy and/or the percentage of my BTC holdings... but currently, i am thinking that it is looking good to continue to add to my BTC investment(s)... at least for a couple of years .. subject to reconsiderations along the way. |
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