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30041  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 07:14:59 PM
LTC is closer to thread than the twenty pages of philisophical ranting about the true nature of man ...

The true nature of man is irrelevant. If man is basically good, then no monopoly government is necessary. If Man is basically evil, then a monopoly government is too dangerous, because politicians, bureaucrats and cops are men too.  


Even though the nature of man was somewhat woven into parts of our more than 50 scattered pages of discussion of such topics, nature of man was NOT really the essence of the side track... if we should call it a side track....   I think that we were mostly focused around the extent to which government is necessary in a future society which hinged upon questions regarding whether government served any meaningful purpose that would justify receiving taxes whether voluntarily or by force.  Surely, some posters were weaving in other topics as well and even deviating from the deviation... and possibly even I was guilty of such..... especially when from time to time my own human nature was put into question... ... Smiley.......... It's all good, no? 
30042  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 07:00:29 PM
When China started to buy BTC the price have risen hard so what should we expect for LTC?

Litecoin over 50$ soon.

Define, soon. week?  two weeks?  month?  and will it parallel BTC or break from BTC.. .that makes a difference, no?

I am thinking that if LTC goes to $50 within the next month or two and breaks somewhat with BTC to anywhere in the .07 to .1 territory, then I will sell my LTC holdings at that point... unless there is some breaking news that changes the fundamentals of LTC as compared with BTC in some kind of way.   
30043  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 06:55:14 PM

Yeah I skimmed over and read it wrong.
I wouldnt worry about having your average at $685  we'll be back there before two months, its the people waiting to break even on their $1200 coins that may have to wait a while.

I's imaging most that actually have $1200 coins are mostly just happy that they are out of Gox.

I agree with you.

Yet, another point about having $1,200 coins is NOT any problem with the person but a problem with their investment strategy.

Several times, I have mentioned that I started investing in BTC at right around $1200, but certainly, I recognized the extreme bull run at that particular moment... and who the fuck knew whether it would stop, at that time.  Anyhow, I was scared to go in too heavily, so even though at that moment, I had about $20,000 to invest into BTC.  I started out by only investing $1,500, and then continuing my investment thereafter with a form of dollar cost averaging.

Anyhow, my point is that at the $1,200 price point, the market did NOT seem to suggest that balls to the wall investment strategy would have been good at $1,200... but still, even then, there were enough BTC fundamentals that BTC could have gone to $2,000 or even $5,000 and rested there for a while......

I guess part of my point is that an investor can get really rich or poor from an ALL IN approach... but, surely I remain of the thinking that I am too chicken shit for that... unless, I have some kind of insider information... ...
30044  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 06:46:08 PM

Odd that we don't see you here all the times you guess wrong...

When did I guess wrong? That is my first prediction thread ever as far as I know...It's also the first time I've published my opinion online (GeekCipher).

Perhaps my post wasn't exactly about price prognostication? I think what you're up to is generally obvious but I will reserve a more scathing post, i.e., give you rope. You could just be a burgeoning entrepreneur hoping to support his League Of Legends pastime, right?

KS:   I like the way you nail the sentiment in your line of thought b/c the reality of the matter is that there is NO real good reason for anyone to come to this thread (or any other BTC thread) and to brag about some kind of superficial "I told you so" prediction - whether the guy is correct or NOT. 

IN this regard, there are BTC and alt coin predictions all over the place, and some of them are going to be spot on, others are going to be in the ballpark and others are going to be way the fuck out in never, never land.  Whatever, the outcome of a prediction, NONE of us really appreciate any I told you so tone, unless such tone is woven into some kind of attempt at more meaningful discussion.



30045  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 06:32:38 PM
<Tinfoil hat on>

Maybe the large buys/trades for LTC are actually a "laundering" of BTC?



I LIKE  that theory.... a good way to camouflage stolen BTC woudl be to dilute them into various investment vehicles.
30046  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 06:30:39 PM
So as I mentioned, I'm thinking of dropping a volatility index in with ChartBuddy's posts. It's fairly simple so far, it is the base 10 log off the percentage of high-low against closing price ( log(100*(high-low)/price ). This would only be once per day at 3pm (when the NY market closes). Here is a sample with a few arbitrary currencies (price, high, low, index). Prices are from Bitstamp. Thoughts?

Code:
GBPUSD 1.6573 1.6648 1.6547 -0.215079756574918
EURUSD 1.3915 1.3943 1.3880 -0.344142661216467
JPYUSD 0.0099 0.0099 0.0098 0.00436480540245543
UAHUSD 0.1024 0.1041 0.1024 0.22014896473846
BTCUSD 612.72 612.72 591.13 0.546990585818375


Gotta put the ruble in there, no?  Especially with all the world events... and also LTC... ... and Doge (just kidding)...
30047  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 06:25:00 PM
1) buy bitcoin today
2) sell it to someone that wants to speculate on the lastest shitcoin of 2015
3) profit!!!



OH my gosh.. Adam...   Are you becoming less bullish?  YOU are suggesting that we are going to want to sell BTC in 2015, and NOT hoard BTC into eternity in order to maximize the BTC climactical effect?
30048  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 06:21:54 PM
What will happen to btc once ltc explodes?

Define explodes.   LTC at $25?  $40?  $100?  $1000? and when?  day, week, month, 6 months, 6 years?

Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...

I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months

No chance.



It seems that even the most bullish of LTC advocates are NOT really buying the silver to gold analogy anymore.. and in that regard, LTC would be .25 BTC....   And, it seems that the reason why NO one is that bullish on LTC is b/c alt cryptos are likely competing a lot more with LTC rather than with BTC....

I am of the opinion that a few of the alt cryptos are subliminally competing with BTC... but the competition is ssssssssoooooo subliminal that such competition is really difficult to put a finger on it exactly.. b/c NONE of the other alts have really much of a network or as much of a liquidity ability that BTC has (and NOT that BTC's liquidity is anything to write home to mom about).


More like 0.05-0.06... My sell target is 0.05  Grin
There will be alot of asking about ltc, when huobi fully starts with it...

Don't think so, 0.035-0.04 max. Huobi adding it doesn't really mean a lot, BTC-e had huge volume on last big LTC pump, Huobi was/is not needed there when there is enough money around. And there is enough money around only when Bitcoin is bubbling and new players are entering the crypto world.

It's just another news driven pump we've seen zillion times in bitcoin, litecoin and many other altcoins.
30049  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 06:13:07 PM
What will happen to btc once ltc explodes?

Define explodes.   LTC at $25?  $40?  $100?  $1000? and when?  day, week, month, 6 months, 6 years?

Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...

If lots of idiots like me bought at the top of the last ATH, it probably won't go much higher than that.
I'm saying that because I will be selling as soon as I can make a profit and believe I won't be the only one to do so.
That's of course my (very) short term position. I'll be ready to buy back in the next dip.

Therefore for an additional price rise, the LTC market is going to need more "idiots."    hehehe... surely, that is possible... and especially possible b/c there continues to be quite a bit of hype in the crypto currency space that more and more people are just learning about.. especially heard about this since November 2013... and then when the crypto prices begin to grow again, everyone will want IN.
30050  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 06:07:46 PM
What will happen to btc once ltc explodes?

Define explodes.   LTC at $25?  $40?  $100?  $1000? and when?  day, week, month, 6 months, 6 years?

Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...

I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months


I appreciate when people (or bots - NOT that you are a bot) are fairly specific and committal about their predictions... That is definitely a step in the right direction.  The next step is to explain how they arrive at that prediction... what are the various factors that cause you to predict... and how did you arrive at such specificity...   Surely, no matter what the prediction (especially about the future... hehehe) there is going to be a certain margin of error that would be anticipated for it to be reasonably relied upon.
30051  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 04:57:41 PM
What will happen to btc once ltc explodes?

Define explodes.   LTC at $25?  $40?  $100?  $1000? and when?  day, week, month, 6 months, 6 years?

Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...
30052  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 04:52:18 PM



It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....  Huh

What does that even mean... 

Crossing fingers hoping the fad can hype up again!


A little more than substance and fundamentals than mere "hoping"... but that is the general idea.... anticipation of a likely future result.. somewhere between 1 day(which seems pretty unlikely at the moment) to 2 month (which seems pretty likely and NOT likely to have to wait a whole 2 months) return to prices greater than $685. 

Thereafter, likely, this year we are going to have another ATH... summer-ish is anticipated.... but may take a little longer...   
30053  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 04:44:07 PM
Sold!!!!! At 609, 500$ commission to bitstamp- holla


Good luck in your future endeavors outside of BTC.... b/c this train, ship, rocket, dinosaur, is leaving  the station soon...
30054  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 04:37:51 PM
Btw while btc is bleeding in the street - love these posts by people who sold off to bagholders flashing cash and mansions.

So much for the dream between you guys and karplese I don't know who to thank more ;-)


First: BTC is NOT bleeding in the streets... far from it.. BTC is thriving... if you look beyond the last three months... and the uptrend is likley to continue.

Second:  Sounds as if you are spreading this FUD about ponzi scheme... as if the first investors are running off - as if that were some common theme.  So what if some people are cashing out and so what if some people got in earlier than others... current investors have to consider the continued upside potential rather than being obsessed that some people may have made more money than they made...
30055  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 04:29:30 PM

Greetings from my latest journey to S-E-Asia.
A full Bitcoin sponsored trip(shorting profits  Cheesy)stuffed with a huge package of Acid bought with BTC.   Cheesy
I just wanted to let you know that i´m still bullish about BTC after i talked to the local bulls over here,
altough it might take a few days until they will fully attack.





If you could please pump it to about 900$ that would be awesome

See you soon Cool

IS that you? 


Also: That "bull" does NOT appear to have the proper bull equipment.
30056  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 03:15:43 PM
its not LTC that overstock accepts as payment people...

If I recall correctly, Overstock's CEO invested heavily in bitcoin,  Was that from his pocket, or through the company?


where did you get that?


just buy a bitcoin Jorge...


He begins to build some credibility by contributing information in various respects, then all of a sudden comes out with these lame assertions... like conspiracy theory that take a very large stretch of credulity to fathom their even possibility.  Accordingly, it seems that these kinds of stretches of credulity undermine the previously built Jorge brand.
30057  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 03:12:10 PM
its not LTC that overstock accepts as payment people...

If I recall correctly, Overstock's CEO invested heavily in bitcoin,  Was that from his pocket, or through the company?


I struggle to comprehend - why you want to stretch logic to attempt to see a zebra in a herd of horses.... and zebras are a rarity. 
30058  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 03:06:44 PM
Looks like that 2k dip was a try to force panic sell but it ain't work ^^

We will see, as I stupidly bought at 685 I have to hodl through this.


We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish....

It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....  Huh

i'm thinking about buying more soon

don't wanna miss a good flash crash, I also think this downward trend is very temporary


WE are considering this downward BTC price similarly, me thinks..... At this point, my next buy point would be at $590 or below. if the price gets there and stays there long enough for me to pull the trigger.  In spite of some of this recent discussion about the lack of fiat on the seeable books, I continue to have my doubts about getting to those below $590 levels for any sustained length of time - even though i have been surprised before.

theres not a half bad chance that poeple will start selling because price is low, price inchies lower and lower, poeple get discouraged and sell at the bottom.

I did this a long time ago....

not about to make this mistake again  Tongue



Learning from mistakes.... YES... .Hopefully we can all accomplish such, at some point.


I believe that it can be fairly tempting and easy to make BTC trading mistakes - b/c we begin to see a pattern of ups and downs in the BTC price and by the time we think we have the pattern figured out, a whale manipulates in one direction or another - that kind of manipulation can be totally outside of predictability (especially for non-sophisticated traders) b/c the whale or fairly small group is deciding in their own head(s) exactly when to push in one direction or another   - and actually the push could go either way.. but they decide based on their ability to put up walls.

If I had NOT made a few of these kinds of attempted pattern recognition trading mistakes, my average BTC buy-in price would have been in the $650 range rather than its current $685 range.   

The temptation remains, though, b/c it remains very attractive, if an investor could predict a 10 or 20% downtrend with certainty, then his average buy in price could be reduced by a similar percentage is he were to go balls to the walls into such a prediction.... Usually, I am too scared (or possibly too inexperienced in that kind of methodology) to be a balls to the walls kind of investor.















30059  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 02:45:00 PM



It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....  Huh

What does that even mean... 

Why do you ask me what it means, when you cite my previous post without its context.  It seems that the context shows what the statement means...

So one more time, just in case you were NOT trolling me:  If an investor has a BTC buy-in investment price at $685, then that investor is in the red when the current BTC price is below $685 and in the black when the current BTC price is above $685... The rest of the meaning of my statement is merely my speculating and/or hoping concerning when the price will return above $685... Hopefully, that explanation helps you to understand my earlier intended communication.
30060  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 02:37:34 PM
Looks like that 2k dip was a try to force panic sell but it ain't work ^^

We will see, as I stupidly bought at 685 I have to hodl through this.


We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish....

It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....  Huh

i'm thinking about buying more soon

don't wanna miss a good flash crash, I also think this downward trend is very temporary


WE are considering this downward BTC price similarly, me thinks..... At this point, my next buy point would be at $590 or below. if the price gets there and stays there long enough for me to pull the trigger.  In spite of some of this recent discussion about the lack of fiat on the seeable books, I continue to have my doubts about getting to those below $590 levels for any sustained length of time - even though i have been surprised before.
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