I am sure that at the end of August the price will not be 300 us dollar. I am sure even about another thing: No one can find the price of bitcoin in every moment he want to try or to predict. The price cannot be founded. If yes there must be to many billionaires today because of this gift of nature.
So nobody can be sure, but you are sure it won't be $300?  he he somebody is taking the whole prediction methodology kinda the wrong way. oh well... moving on... |
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Bitcoin is strong. But if bitcoin is only strong because of how many dollars it cost to buy a bitcoin then the focus is off.
It is a strong bad sign of the strongest of bitcoin if the price return in that levels. It is already to low as it is. And predictions which "send" bitcoin at this kind of prices (lower than actual) demonstrate and called pessimism. You have not indicators to do factual and right predictions. Why predict the lower and not the higher price? This post ^ is the first place the word "PREDICTION" was used. Yes by you. If you read my original post I dont even use the word.  |
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Bitcoin is strong. But if bitcoin is only strong because of how many dollars it cost to buy a bitcoin then the focus is off.
It is a strong bad sign of the strongest of bitcoin if the price return in that levels. It is already to low as it is. And predictions which "send" bitcoin at this kind of prices (lower than actual) demonstrate and called pessimism. You have not indicators to do factual and right predictions. Why predict the lower and not the higher price? I make predictions because I can. Doesn't make my predictions true. Time will tell. And no let's agree to disagree that my prediction is not based on pessimism. It is based on my own personal OPINION. It's your right to give opinions. But don't call those predictions. Prediction is another thing. Is based in analyse of several facts connected with the phenomenon for which will do that prediction. Giving on opinion is one thing and is called giving thoughts or opinion. Or simple discussing. Giving an prediction is a totally another thing.  lol don't tell me what I can call a prediction and what I can't. Who are you to tell me I can call something or not call something? Let's agree to disagree as you are starting to dig a deeper hole for yourself. HERE JUST FOR YOU THE DEFINITION OF THE WORD PREDICTION: pre·dic·tion prəˈdikSH(ə)n/ noun a thing predicted; a forecast. "a prediction that the Greeks would destroy the Persian empire" synonyms: forecast, prophecy, prognosis, prognostication, augury; More the action of predicting something. "the prediction of future behavior" You were the first to bring up the term "prediction" not me. So perhaps you may want to rethink your argument. |
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Bitcoin is strong. But if bitcoin is only strong because of how many dollars it cost to buy a bitcoin then the focus is off.
It is a strong bad sign of the strongest of bitcoin if the price return in that levels. It is already to low as it is. And predictions which "send" bitcoin at this kind of prices (lower than actual) demonstrate and called pessimism. You have not indicators to do factual and right predictions. Why predict the lower and not the higher price? I make predictions because I can. Doesn't make my predictions true. Time will tell. And no let's agree to disagree that my prediction is not based on pessimism. It is based on my own personal OPINION. |
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MTGOX 2.0 in the making??
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It will happen. I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while). Probably hit $133 or so. Just my smooth-cents.  Why this pessimism mate? We need a strong bitcoin. It is the sign of independence and the symbol the people who believe in the freedom and unmanipulation of the money. If everyone which write about bitcoin will be so enthusiast as you bitcoin will go 10 bucks one after two months. How is pessimism = price going down? It is called calling a spade a spade. I'm calling it how I see it. Not pessimistic at all. Bitcoin is strong. But if bitcoin is only strong because of how many dollars it cost to buy a bitcoin then the focus is off. If you missed it I said "I'm a long term bull." |
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A quick remark on the discussion above:
I'd like to point out that, other than the (extremely important, of course) "market mood" we tend to talk about in here, which can be seen as an extremely elastic, "fickle" supply/demand variable, there's also a supply/demand variable which is a lot less elastic, a type of nearly "guaranteed" supply/demand.
Simplifying somewhat, I'd describe it as: (a) coins mined per day, (b) price per coin vs. (c) number of "hardcore Bitcoiners", (d) monthly income of the group in (c), (e) determination of group (c) to spend (a portion of) their income to buy more bitcoins.
To be clear, I'm not saying that 1xx or double digits are impossible. But I'm going in a similar direction as fatman above, "[when price goes] below $230 people start sending money to exchanges":
At 9xx, 6xx, even 3xx prices, the "guaranteed demand" of (c)*(d) didn't seem to be enough to hold the dam against the "guaranteed supply" of (a)*(b) added to the supply/demand outcome of the market mood. Hence, price declined. At 1xx, that appears to be different (so far).
Of course, eventually the mood of the market will probably influence (e) as well, i.e. the willingness of the hardcore Bitcoin supporters to spend their income on coins might diminish. But I'm not completely sure that's going to happen before the market mood changes again to bullish, so that effect might not take place soon enough to drive us into the doubles.
Summarizing, I agree with the discussion above that we will enter No Man's Land should we go below $200 and stay there, but I also add that so far, any supply below $200 seems to be soaked up quickly and effectively.
True but it is pretty much always true that people are sending money to exchanges. The question is, is it more money than usual? |
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Btc cant go below 180$, if it happens all of the bitcoin miners will abandon this project. That means the total collapse of bitcoin.
Whoever behind this project won't let that happen. Even if he/she had to buy his own coins just to raise the price.
uh no. Price can be unprofitable for a time for miners to shake out the smaller miners. |
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Today I did not workout. Food: Ahi tuna, chicken breast, steak, cottage cheese. Busy day so I'll kick my ass in the gym tomorrow |
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It will happen. I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while). Probably hit $133 or so. Just my smooth-cents. |
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there is a good chance that no meaningful rally will take place for some time.
We either go side ways for a while or we slowly go downwards.
Block size issue needs to be resolved and done with before price can even attempt to go towards a new ATH or even $500 etc.
I do not believe we have reached the level of max pain yet.
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Does anyone else feel like bitcoin may finally reached a bottom (for the year) theses past few months
Since you are asking about feelings, i feel we're in for a shock. Like RynDiclem said above, the market likes to psin things around so that it's not so obvious. If i were to ask around what is the least likely price of bitcoin to expect in the coming months, i bet a majority (75%) would completely rule out $50 as insanity. If you think about it, that's like Jeffrey Tucker making a forecast of BTC at $1000 and getting scoffed at. Maybe, we're in for an inverse $1175 ATH. Just what i feel. Yes, I'd agree that many are continually trying to call "the bottom" of the long term down trend, and that this might continue to blow up in their faces. And I think that double digits are still "off the table" for most. As a big believer in max pain, my take on sentiment is that low $100s or double digits are very much on the table still. Why do you think that double digits are very much on the table still ? Like I said, one reason is sentiment. But surely TA supports this possibility. By all appearances, the $150-320 move over the past 7 months or so is a clear 3-swing correction. So if we put that into the context of the larger downtrend since $1100s, my guess is that we are in a bearish Z wave. If we are in a triple zig zag, then at a minimum I would look for a retest of the $150 level. The trouble there is that there has been so little price history in the $100s; below the high volume accumulation levels in the $200s, there is a liquidity vacuum. So even if the target were $150, liquidity and margin cascade could easily push us to low $100s or double digits. +1 Everything except bulls says that double digits is possible. The fact that sentiment snaps back out of a bearish tone overnight if a large market buy goes over the ticker is a big reason... Sentiment hasn't been battered quite enough yet. There is no reason to see a doubling of price for a wave-1 (in 12 days) after an 18 month bear market. The sentiment of a wave-1 should be "This is just another dead cat bounce", and not only from the random 6-char newbs created today. It should be everyone wondering if it's even worth buying anymore. The few bulls that remain should be the ones that have to defend their position on the forum and have the burden of proof of why this time it's different. THAT's when sentiment has shifted enough to say a bottom is near, or in. After a break of $152 (or whatever your exchange of choice' January low was) we have triangle support in the 115 area, then $50 (the first dump in April 2013) then it's at $32. There is nothing but horizontal supports remaining after that. This is probably true. |
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real houses (like brick)
My house isn't real?  Didn't mean it like that... I basically view them in tiers (due to where I live): 1) RV 2) Mobile 3) Wooden 4) Brick (house) I did some thinking and I believe the reason why there aren't brick houses there is due to the heat and such, which could cause them to crumble/settle/etc. Hmm I disagree with this. I think it is more economical for people in the hawaii economy to build wooden houses than brick houses. In Hawaii we don't need a ton of insulation generally as we never need to heat nor cool our homes. The temperatures are generally in the 65-85 degree range. |
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Ate cottage cheese, chicken, and tofu with kimchee.
Had a footlong steak and cheese subway sandwich.
Lots of water
WORKOUT:....same
5 minutes (30 second rounds) 10 exercises
PUSHUPS
MOUNTAIN CLIMBERS
DOUBLE PUMP SQUATS
BURPEES
HIGH KNEES
KNEE TO ELBOW PLANKS
JUMPING KNEE TUCKS
WIDE PUSHUPS <--------------------I DIED HERE legs gave out
JUMPING LUNGES
MOUNTAIN CLIMBERS
Although I did finish the workout.
Did target number of dips (full body) 10 reps
10 reps (90% weight).
Killed my arms/shoulders.
One of the things about this workout is I have barely improved in terms out not being so fucking out of breath by the end of the workout. Usually in the past I have been able to add 30 second increments to the workouts each week.
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Today I did the following: https://www.youtube.com/watch?v=-u1DjsQz7l05 minutes (30 second rounds) 10 exercieses PUSHUPS MOUNTAIN CLIMBERS DOUBLE PUMP SQUATS BURPEES HIGH KNEES KNEE TO ELBOW PLANKS JUMPING KNEE TUCKS WIDE PUSHUPS JUMPING LUNGES MOUNTAIN CLIMBERS 20 REPS - 90% BODY WEIGHT DIPS I encourage anyone reading to try the workout i posted above and see how much it kicks your ass! LOL I'm not sure why but it's the wide pushups that really get me. the secret to mountain climbers is to pace yourself  You know what is funny? I get killed on the same thing. Right when I hit wide pushups I can do about 5-7 pushups then my legs give out and I need to take a short few second break then do some and then take a few second break and then repeat until the 30 second period is over. The LUNGES kill my quads!!!! OMFG! After the entire workout the part of my body that is on fire is my quad muscles. Did you finish the workout? |
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Btw guys, do you know good android apps to keep track of your daily routines? I use MovesDB which is good letting me tailor my own calisthenic routines and exercises but only stores my repetitions in text format. Do you know apps that store the data in graphical form as in smoothie's pic? Also that could suggest harder exercises when a specific exercise gets too easy eventually? Thanks and keep healthy  If there is an app that does this (what you describe) I would like to try it out. |
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Should try cottage cheese pancakes.
honestly that sounds pretty bad. I am trying to cut the carbs. Pancakes would add carbs/sugars. |
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