Blood sells, so bad news have always some press. I remember Nasa whining: in the sixties, every thing we did was news, now we only have some press attention when things go wrong.
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There are independent candidates, even if they haven't a chance to win. Anyway, I see some differences between republicans and democrats.
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Assuming that it's risky to keep bitcoin now, because of the bear trend, it's also risky to have alt coins, because they are all valued in bitcoins. A crash in bitcoin takes alt coins down also on fiat terms. Then, if bitcoin goes down, you will be able to buy litecoin for 4 usd or even lower. Assuming this scenario, buying now isn't a good idea. They will also go high if bitcoin jumps, but in the past it took some time for the alt coins to jump. In the first weeks of the jump of bitcoin to 1200, litecoin was losing value. It only started going up fast a few weeks later. You can enjoy the major jump in bitcoin and then go after the alt coins. Of course, this is just a scenario. Now, alt coins seem much more linked to bitcoin than in the past, so a jump in bitcoin might push alt coins much higher immediately. Anyway, buying now doesn't seem good idea.
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Don't buy now, wait for lower prices. We are on a bear market, wait for signs of inversion of trend. Avoid alt coins until bitcoin jump in price, then the alt coins will jump too with some delay.
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Charts are suggesting low prices ahead. Don't buy more coins now, wait for a breach of the 480/500. Actually, even keeping these ones is risky.
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They do care for the Economy. All studies show that people vote taking in account their pockets. If they are empty, they vote against the president.
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Since April 11 when we hit about $340,
If we go below $340, I will eat my cat. Every time you buy BTC, you help save an innocent cat. Note: Puppies are in danger too, so buy BTC today. Funny one.
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Op don't be too hard on your self. All traders breach that important rule of having at least a mental stop loss and many times they don't stick to it, me included. If you are surfing the trend, you can risk and keep your position hoping to return to profit as soon as the median-term trend imposes it self: if you are on a bear market and you have a short position (you sold bitcoins you borrowed or opened a position on a put: google it if necessary) and you go negative because of an increase of price, you can keep the position or even increase it (that is the last thing to do: you were wrong once, you can be wrong more) to try to return to profit as soon as the price goes down according to the bearish trend. But that is indeed very risky and can end bad. The spike of 11-16 April (of bad memory to me also) is a good example. The big money is earned when you leave the position open for weeks surfing the trend with all your speculative capital, not the small day trades. But that demands a bull trend. I never go to sleep relaxed with a major short position open on bitcoin, some bulls are crazy. Some of them have lost millions trying to push bitcoin up. Therefore, we have to wait for another bull trend to earn big or, at least, for fast moves on a clear direction.
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Never is a too strong word (specially after stating a probability of "only" 75%) for a mere double bottom at 425 (actually, 424 at Bitstamp). Never make predictions; if you make a prediction, never give an absolute number; if you give an absolute number, never give a date; if you give a number and a date, never say never.
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I would suggest you to be prepared to jump out again. The most important rule in speculation is: to have a plan (specially: to have a stop price where you should sell if things go wrong) and stick to it. Most people lose money because they hate to accept a loss, so they keep the position on hope, converting a speculative short-term/median-term move on a long term negative bag-holding. Accepting losses is the test for any trader. Or, at least, buy in increments, saving a few to real low values, just in case.
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Anyone that doesn't give supporting facts/reasons for their opinions won't be giving an opinion to take in account.
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I heard someone saying bitcoin is going to negative values, around -25usd. Do you think he might be right?
-- End joking mode
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reality is what doesn't go away when you stop believing it Or, it's a damn luck when the facts don't go our way.
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Some people might have a truculent way to defend their views, but that isn't reason to ignore them if the views are supported on arguments or facts.
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Alright, thanks again, I'll check it.
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Op you seem in the right track. The relevance of the velocity of money on inflation has divided schools of economics: neo-Keynesians say it's relevant because changes a lot, neo-classics say it's stable, therefore of little importance. The main aspects are the volume of M1 and M3. The increase of M1 isn't enough, as the recent explosion of the M1 on the USA shows, if the banking multiplier works badly. Because the increase of M1 didn't end up on an increase of M3: banks limited the banking money supply by limiting credit.
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In a certain sense, all news are publicity, therefore can be considerer as good. However, some of them, even if attract attention from people that don't use bitcoin, affect negatively the price.
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This qualification as foreigner currency or the german one of private currency are the only ones that make some sense.
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On a bankruptcy, most of the money end up paying fees of courts, lawyers, officials, auction agencies.... I wouldn't put a cent on Gox.
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