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I think Danny and basscleff gave solid advice.
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Can somebody quote me on calling the bottom?
I would like to say "told you" in the future.
Today I had a new insight which confirms my previous prediction about the next bubble start (which you can read at the left)
Do tell? I will, afterwards. I don't want to look like a moron if I'm wrong  Only morons are allowed to post in this thread  It's spelled moran, you moran.  |
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Can somebody quote me on calling the bottom?
I would like to say "told you" in the future.
Today I had a new insight which confirms my previous prediction about the next bubble start (which you can read at the left)
quoted |
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Everyone has heard about the failure of MtGox and the arrest of the Bitcoin CEO
I do so hope that your friends, who you introduced to this forum to laugh with us, are now reading this thread to see you "get schooled". Oh, the irony !  . |
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The dollar (or whatever your local currency is) is a more stable unit of value in the short term.
Stable but guaranteed to decrease in value. Bitcoin could go either way. Agreed for a long time frame, that's why I added short term. Also, I wasn't giving advice to hold dollars, rather a way to calculate the 'monthly buy amount' in the most stable way (especially true as long as your paycheck and daily expenses are in fiat). |
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I am saving 0.5 BTC every month so hopefully 4 BTC by the end of year.
That's the way you do it. I would go for a slightly tweaked approach in which you save/buy $250 worth of bitcoin every month (if you don't need that money for something else of course). The dollar (or whatever your local currency is) is a more stable unit of value in the short term. |
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This is baddish for inflation-adjusted bitcoin prices too, no? Protection from inflation is one of the drivers for bitcoin adoption. Still, talk is cheap, let's see what they really do. |
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If you're going to accurately compare Bitcoin and Litecoin, then look at the LTC/BTC exchange rate instead of comparing them both to USD, which is irrelevant to the comparison.
How is this so? If you want to know if Litecoin was a better investment compared to Bitcoin, then look at that exchange rate. Watching both of them move against the USD, and then trying to deduce from the two graphs which one moved faster is a process more prone to error compared to just looking at the relevant exchange rate. The reason no Litecoiners don't display this chart is because it's not nearly as compelling: http://cryptocoincharts.info/v2/pair/ltc/btc/btc-e/alltimeLitecoin started trading at 0.006 BTC and now, almost two years later, it's trading at... 0.008 BTC. If you think about it, litecoin and pumpcoins in general help to smoothen out the BTC price curve, providing some extra price stability. Long live litecoin ! |
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I am surprised that not a single person here has given the standard advice of a financial advisor.
For the avoidance of doubt, the standard advice is to diversify your portfolio.
Diversification merely decreases variance, but does not change expected return. Whether this is wise depends on how bad it would be to lose a lot of your money (which depends on stuff like how old you are, if you have kids, a stable job etc.). Sometimes it's better not to have too many eggs in your basket so you can watch the eggs that you have closely enough (or avoid having to spend a disproportionate amount of time in a $100 "investment"). For sure it is a good default advice to follow, but it shouldn't always be the rule. |
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Question is, how will you feel if the price rebounds to 500 soon? Or even 550.
If it hits 550, and stays at that minimum for 2 weeks or more, then it's likely a reversal. I'll happily buy more then. Until then, it's still a bear downturn. Acting like it's all over now is just silly. I'm talking short term here. Not saying this bear downturn is down, just that things can bounce for now, and have already begun bouncing a while ago. Why in the hell am I, accused "bear troll", arguing with former permabulls about the price rising?  Funny how that goes, isn't it? The former bullish people giving up hope. Thing is, if I'm wrong, I just CUT LOOSE. All in the pursuit of a quick profit - we keep making BTC look like a volatile joke to the uneducated :/ Good traders reduce volatility |
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hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?
Spend some more time reading about and thinking about bitcoins fundamentals and how markets behave. Then decide for yourself whether you want to hold, sell or buy. (personally I think its a good moment for holding or buying). |
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Is this so much sillier than the narwhals(*) that people have been discussing here?
(*) a large sea mammal reputed to be a cross between a whale and a unicorn.
Oh come on Jorge. These are regular whales we're talking about. Everyone knows narwhals don't exist.  You know they do, right? (I am confused). |
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I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.
ah don't worry, I think they will be filled and you will be sorry for not putting them lower. Could very well be. I have lower bids as well , so keep it coming . |
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wow... you have spent too much time on this thread Jorge... you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.
The language may be a failed attempt to be funny but the opinion is quite serious. What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either. Why is it absurd to consider all that as a single event? I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could. Now those people changed their minds, and dumped everything back. So the price got back to where it was. Is its so much sillier than the narwhals(*) that people have been discussing here? (*) a large sea mammal reputed to be a cross between a whale and a unicorn. A possible explanation: a lot of not so steady hands thought "bottom was in, now lets go in for TO DA MOON $10k by end of the year". Then it turned out that bitcoin doesn't magically give instant riches as quickly as they wanted it to (not enough new buyers yet at higher prices), and then they got fearful when it started going down again. |
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I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.
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In other news, darkcoin and doge being taken to the slaughterhouse.
As they should. No arguing from me there. |
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The bitcoin it`s going down cause the Ethereum team it`s dumping all the BTC! They dumped 1,150 bitcoins 5 days ago when the price was $590, 1,350 3 days ago when the price was $550, and now they have dumped 1,237 more TODAY when the price was $510, that`s why we went down 500usd and we are going to $450... Fucking Ethereum, stop killing the bitcoin. https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1Thank them for the opportunity to buy cheap coins. |
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The truth is, at every large sell, you'll be hearing manipulation screams here. So what are "legitimate" sells? Bitfinex pigs getting slaughtered to the tune of 8 million USD within 2 days so far is manipulation I guess? That's enough of me pissing against the wind, oda.  True , crying manipulation whenever the price isn't going the way you want it to is just plain stupid. In other news, darkcoin and doge being taken to the slaughterhouse. |
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Don't these guys essentially get paid to say what gold bugs want to hear? I would not assume that they believe anything they are spewing. It would be interesting to see how they actually allocate their personal finances.
Don't underestimate the resistance that people put up against new ideas when they are stuck in a certain mindset. Crypto might sound logical and inevitable to you, doesn't make it so for others. Yeah, I understand that for sure, I've never actually met another person in meatspace that believes it's logical or inevitable. I was just pointing out that these are smart guys. They are also guys who get paid to propagate particular ideas. The people paying them right now, want to hear about why it's safe to continue ignoring bitcoin, and they are providing that service. When someone pays you to hear about how everything they are doing is awesome, and the stuff other people are doing is irrelevant, then you provide that service to the best of your ability, or else someone else will steal your cake job. All things considered, there's no way of telling how these guys really feel about bitcoin. All we can gather from their actions is how their audience feels about bitcoin. The fact that they are talking about it means that their audience has shifted from "bitwhat? I don't care..." to "Should I be worried about bitcoin?" While they might be buying some bitcoins on the down-low (just to be safe), if they were really convinced bitcoins were the wave of the future, they would change their tune and start building their business around it (also gives them more bragging rights later on if they were early advocates --> "Peter Schiff was right yet again" and so on..). |
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