bitcoin, may it rest in pieces.  2009-2017 rip I think is it pretty hilarious that in the U.S. there are small and medium cap stocks that are just a volatile as the Bitcoin market, maybe more so, but have also shown a long term upward growth trend. But for some reason these stocks never get mentioned in the same breath as bitcoin, in terms of them ever being "done" or "dead" when they dump 10-20% or more. In fact, the news media largely ignores them. Never have I seen a security such a Bitcoin where FUD and fake stories are used so heavily and so often. Don't they realize that it doesn't work yet? People around the world are ignoring the FUD, buying and holding anyway for a long term investment and store of value. |
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Same pattern as June/July. The whale(s) pegging it to 900-910 for an extended period after the first leg down was the dead giveaway. Guys, when these idiots are done dumping, this is going to bounce hard. 820-830 should be a bottom from this point forward. I would buy if I had any fiat left.  |
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Not to be a pessimist, but the chart pattern looks eerily similar to the one that formed back in June/July, just before Bitfinex got hacked.
Wouldn't be surprised if some similar shenanigans were being attempted with Stamp or some other major exchange right now, or over the next few weeks...
(again, not trying to be a downer... but surprises do happen, hope I'm wrong though)
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......my mate however, like many of you in here, thinks Bitcoin is going to take over the world. Anyone who thinks like that may as well kiss goodbye to their wealth right now. And yet you are the one losing money. indeed,and finally, after all those months/years of being deep in red, you are the one making money..... ......until one day Bitcoin just goes 'Puff@, that is.  |
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So I just got an email from Stamp (which I don't even have an account set up) saying that they are going to start XRP trading.
Yes XRP, the biggest pre-mined scam coin of all! What a complete joke, man. Stamp has even known about what a scam XRP is for years now, so this about-face shows their true colors.
These brokers and exchanges must really be getting desperate for more trading revenue. Wouldn't be shocked to see some of the major ones go out of business within the next few years, because they're all based on VC-funded future revenue projections that don't align with reality. They will literally run out of investment money before they make a yearly profit.
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once we have the COIN ETF, I know a substantial portion of my 401k will funnel to it.
This makes sense. The investment horizon is long and bitcoin's price should be a lot more expensive than now or zero  Everyone who has 401k should allocate like 0.1% to COIN ETF The majority of 401k holders in the U.S. cannot do this, as they have corporate managed plans. The 401(k) vendor (mutual fund firms, brokerage houses or insurance companies) controls the investment options available in the plan, which are all actively managed funds. This is by design, as these funds charge significantly higher management fees. The holders will likely never find a BTC ETF in their corporate 401k plans as an option. At least not any time soon. Despite what they tell you, I believe that corporate 401k plans have become a complete scam (despite a company matching contribution), as the 401k vendors and managers will reap the biggest benefits, skimming their cut of returns along the way with high management fees etc., leaving you with FAR less return than you would of had when you retire. |
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FUD is always perfectly timed, isn't it?  |
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Absolute floor at end of this week is 830. Floor somewhere around 860 in 2-3 months. Floor = 900 in 4-5 months.
Buy if price gets anywhere that close.
4-5 months? Trump goes in office in a few days. I wouldn't be surprised to see some type of large scale economic events that affect price one way or another sooner. I'm calling the floor outside of any currency devals, black swan events, possible rallies, etc. So basically if the hot speculation is over for a while, but people still want to continue to accumulate for longer term investment. |
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Absolute floor at end of this week is 830. Floor somewhere around 860 in 2-3 months. Floor = 900 in 4-5 months. Buy if price gets anywhere that close. Buy now if you don't want to bother with waiting. |
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Being a hodler for years now, I love not caring what the price is right now.
I have two touch points that I will sorta care about what the price will be:
1/1/2018 (my prediction: $1400-1600)
and
6/30/2020 (my prediction: $4k-5k)
These are conservative estimates of course, but barring any black swan event, will still will out-perform any other investment vehicle out there.
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I have held gold and silver for almost that long.....
......but then that is real wealth, that can't just be turned off and rendered worthless by some totalitarian government on the other side of the world.....
Absolutely it can. Gold was made illegal (for private citizens) to own in the U.S. by FDR in 1933. Gold wasn't made legal again to own in the U.S. until Gerald Ford signed a bill in 1974. That's 41 straight years of "rendering it useless by some totalitarian government". And if you don't think they can or will do it again, you're crazy. It's happening in India right now. Side note: Whatever happened to all that U.S. govt seized Gold in 41 years? Hmmm? I wonder... |
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Market buy whatever you can afford NOW. And don't touch it for the next ten years.
naw, no thanks. lol Makes sense. Warren Buffett says that "If you can't hold an investment for at least 10 years, you shouldn't hold it for 10 minutes." Guess Matt continues to prove Buffett right. He can't hold *any* investment for at least 10 minutes, lol. |
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Queue the bear trolls, who apparently all went into hiding in for a year. Notice too the sudden absence of all the bull accounts who were posting daily trains and rockets. You guys all logged out of 'em and back into your troll accounts yet? |
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https://twitter.com/bobbyclee/status/817371073108815872And yet in early 2015, when grannie and grandpa Chen were lining up at their local Chinese bank, withdrawing their entire retirement savings and dumping it into the Chinese stock market @ 10X leverage, the PBOC said nothing to them about sound investment in "volatile markets", and "risks".
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If you look at the charts, even a partially blind man can see that the leveraged pumping began in earnest on 12/20, when bitcoin price was around $800. Not trying to be a bear and saying that the price will walk all the way back down to there. But if it got down to mid-800s for a while, I can't really say I'd be surprised. The buying from 12/20 onward was just a massive pump, likely from only a few colluding traders. It certainly wasn't a mad rush by Average Joes all over the world, they were much too busy buying XMas presents and getting drunk to care. I would say $800 is definitely a floor. |
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Couldn't see this posted already: Officials from the People's Bank of China (PBOC) met with representatives of major bitcoin exchanges this week to urge their compliance with "relevant laws and regulations", according to statements from the central bank.
In total, two press releases were issued today, one by the PBOC's office in Beijing, the other by its Shanghai regional office, in which they revealed the meetings, as well as some information about what was discussed behind closed doors. http://www.coindesk.com/chinas-central-bank-issues-warnings-major-bitcoin-exchanges/It doesn't sound like a ban - just 'caveat emptor' (buyer beware). So 'China ban' is pure FUD Yep https://twitter.com/SatoshiLite/status/817367976961830914 |
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It's gonna be a long year.... <sigh>
We will still be > $1500 by years end though
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