I'm thinking do it but only do it if your prepared to lose the money you get loaned. Meaning you can afford to lost that amount. I may do the same thing but it won't be for a lot of money I just want to get in on the action.
Don't you think that, if he's considering taking a loan to buy bitcoins, that it probably means he can't afford to lose the sum of the loan? Otherwise... why take a loan in the first place?  Well, technically you could perhaps afford the monthly repayments on a loan, without being able to "afford" the full loan amount upfront. By that, I mean he may be able to afford the monthly loan payments, given his cash flow, but he doesn't just have $10k sitting around to buy Bitcoin. A period of low cashflow does not necessarily mean broke or unable to service a loan. Besides, with bitcoin, you are typically better off to go all in at once rather than trickle in over months or years. Pretty sure there hasnt yet been a year that didnt return more than any bank loan charges these days. thats true ,if bitcoin remains sucessfull as it has continually been ,it will blow any banks interest rates away and you stand to make a profit or break even at worst case even so ,i wouldnt recommend going too deep ,your still gambling with money you dont technically have so id borrow a little but not so much as id be fcuked for life if bitcoin dropped to $50 or less somehow Naturally you dont risk more than you can afford, no matter where it comes from. |
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[...] Besides, with bitcoin, you are typically better off to go all in at once rather than trickle in over months or years. Pretty sure there hasnt yet been a year that didnt return more than any bank loan charges these days.
 Just don't do anything stupid, guys. For your family's sake, or just for your own sake. Take a balanced approach. if bitcoin was a stock, and mature, that would have merit. |
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I'm thinking do it but only do it if your prepared to lose the money you get loaned. Meaning you can afford to lost that amount. I may do the same thing but it won't be for a lot of money I just want to get in on the action.
Don't you think that, if he's considering taking a loan to buy bitcoins, that it probably means he can't afford to lose the sum of the loan? Otherwise... why take a loan in the first place? Well, technically you could perhaps afford the monthly repayments on a loan, without being able to "afford" the full loan amount upfront. By that, I mean he may be able to afford the monthly loan payments, given his cash flow, but he doesn't just have $10k sitting around to buy Bitcoin. A period of low cashflow does not necessarily mean broke or unable to service a loan. Besides, with bitcoin, you are typically better off to go all in at once rather than trickle in over months or years. Pretty sure there hasnt yet been a year that didnt return more than any bank loan charges these days. |
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I strongly believe that nothing not even bitcoin can simply go up forever.
You're such a bear. Of course it'll go up forever. I predict by the end of this century then entire world economy will be run on a single bitcoin. as a deflationary currency it either increases in value or disappears from this stage. Forever seems a very long time, but current and past trends seem to insist on an upward trajectory from here, regardless of blips and dips. Ccmf. |
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Over 5k takes forever for re-verification. Hold on. Fwiw my last >$5k cleared at the end of day 9. |
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Honestly, it seems bullish to me. I don't believe the market is so fickle that either chart would bring about a large sentiment change. The price is going to dip no matter what. A dip to any number > $1k is fine with me. But if it's going on sale, it might be time for one last buy. The last 2 were the last ones too  |
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Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?
For example, right now the green line is much taller than the red line. The red line is almost flat extending out to the right. If you don't know what I'm talking about, I'll get a picture and circle it.
... |
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lol
And here I thought I was trolling.
Well... if you have a boat, why not? ...but it's a train, not a boat! we all know its a rocket   oh shit. I think I might have got on the wrong train! That's not the one from the brochure! |
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lol
And here I thought I was trolling.
Well... if you have a boat, why not? ...but it's a train, not a boat! |
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My assumption about how these auctions works is in agreement with SebastianJu.
That's because it is labeled an 'Auction', and that is how auctions work. bid and either be out bid, or pay what you bid and take possession of your new item. end of story. SebastianJu, if you exercise the ignore button, its just like if he went away  |
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Interesting. The bottom of both gox and china hit at approx the same time.
Synchronized tree shaking |
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When the crash comes, I think not many in the forum is buying. After going to $2k and crashing to $1k, would you really buy? Everybody is shitless by then. It is completely at the mercy of the new money then.
Are you being serious? A crash is precisely what 90% of this forum wants. How many times have I heard people screaming for "cheap coins"? It's a sign that we all want more coins (faith in BTC's future) but we feel like we didn't quite get enough of them at the price we wanted .. ($0.01) My guess is that 90% of that screaming is from internet mouthpieces with no money to buy in the first place. Yes, this is bitcoin, but it is also an internet forum; a locale notoriously full of BS (and thankfully equipped with an ignore button). Personally, I'm so full I couldn't eat another bite. Well, maybe just one... (picturing Monty Python skit) |
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From a psychological perspective, it's still interesting though. Are bubbles less likely in Bitcoin considering everyone is so constantly aware and thinking about them?
The constant of Greed pretty much promises the continuation of bubbles/crashes. magnitude and frequency do seem to be on the fall and rise respectively though. As price rises, less and less of a blip on the line needs to be made to realize a profit. More and more hands stirring the pot, not necessarily in unison, creates more and more vortexes, but less slop over the side  |
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When the crash comes, I think not many in the forum is buying. After going to $2k and crashing to $1k, would you really buy? Everybody is shitless by then. It is completely at the mercy of the new money then.
When my money was new, the April crash was a relief, and I bought as quick as I could. I had been watching (waiting, doh!) and learning early in the year, and looking for the best way to buy in March, then sh!t when crazy and I though I had missed the boat train the first week of April. Even still it was almost 2 weeks after the peak before funds/verification cleared to get started. I don't think we've seen the top of this rally, but when we have, any resulting dip/drop should be a signal for those who have spent the last month with their mouths open. If they don't believe BTC is going much, much higher, they probably won't be in at any price until they have to, to transact business. As you have posted repeatedly, waiting is a losing idea with bitcoin, and there is more positive data than ever for those who care to research it. |
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I do think that there are a lot of people who have learnt that the bitcoin market always bounces back and that will prevent a crash to $500. I'm aware that is opinion rather than a researched fact.
This seems to be more and more the case. That, and significant new money, topped off by a more diluted pool of whales selling, US senate hearings, etc. Pretty much all of bitcoin speculation is opinion. More exposure, more exchanges, more money. It won't eliminate spikes and drops (my Opinion ) but those are the factors that I see as closing the gaps between Events, and somewhat moderating them too. I think (there's that Opinion again) that having this last spurt of growth makes the whole more viable, and more likely to realize its potential than ever before. On that I base my opinion that $500 is unlikely, and if it came, it would be short lived. |
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Is anyone compiling a list of questions for the board, as was previously done?
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my fiat showed in bitstamp at sunday, maybe this has something to do with sunday rises, don't know how this is possible, are banks finally evolving when there's competition?  i bet this has more to do with bitstamp than the bank. however i dont know. just a guess I've had a few late night/weekend credits at Virtex lately also. If banks were willing to adapt they wouldn't be facing extinction |
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20@3.2
I fear that was sniped too hard... even though it was only 2 seconds i think the member that lost the shares would complain. I now will make the endlist and send a pm with a unique payment address to each user. Thanks for the auction! I'll sell him 20 for 64btc. hell, a round BTC50 is fine! |
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At any rate, if price goes up quickly, it makes sellers hesitant to sell, buyers even more anxious to buy, the price go up even more quickly, and when it has gone to parabolic (defined by roughly 50-100% increase in 72 hours), it will crash. There is no going around this.
That pretty much is the only thing missing in your crash picture--rapidly ascending price, we are now stalling and flucutating. 6.3% per day over the last 27 days is rapid, but it is not blowoff. We actually did hit my blowoff trigger event Monday last week, that is why I sold. The price later corrected down -50% (in all exchanges but different times), but it was not yet the beginning of a prolonged cooling period. I highly doubt that the next one will be a false alarm. It is possible that we go to $2k or $3k before the crash, but remember that with the current ascent (6.3% over X days and then 60% over the final 3 days), we will hit: $2,000 in Dec 4th $3,000 in Dec 11th $4,000 in Dec 15th. So: 1. Either we will have to slow down and have a sideways correction (which can possibly result in a crash when people realize that the rise has stopped and they are sitting on huge gains several times the ATH of one month ago, and technical indicators are going sour etcetc. somebody pulls the trigger first: manipulators, China, shorters, whales, traders, panickers, SSS subscribers; but buyers will not pick up because coins at $1,000 are not cheap and even if they were, it takes such a number of dollars to absorb them at these levels that it just does not happen) 2. Or we continue this "stalling" with 6.3% daily ascent until we hit either $2k, $3k or $4k before Christmas, and then crash legendarily to sub-$1,000 when all the forces outlined in (1.) - and then some - conflate. Humankind's greatest disability is the lack of understanding of exponential function.To clarify, by 'crash' do you refer to big drop and sustained (for some appreciable period) low(er) levels as April and previous, or something like Nov 19/20 with a ~50% drop recovered and surpassed in short order? |
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Anyone could tell me is there a public Asicminer shareholders list? I just transferred my shares to an exchange and I want to check the process.
Thanks a lot!
Check the exchange, its easier. |
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