Anything below 10K per coin is a buying opportunity.
Why was $1100+ a good buying opportunity when you could buy at $450 now? And maybe $3xx within a few weeks? Thinking this way, and thus not timing entry, cripples your buying power and leaves you second guessing your strategy the whole time you are in the red. 2014 has been brutal for newcomers. I'm playing the long game. I have said for a long time that anything below 1k is cheap. The lower the price goes the better for me, the more coins I will have when we eventually leave triple digits behind for good. What's important to understand is that traders and investors are nothing alike. I don't know what the price will be tomorrow or in a week, but the typical trader can't hold through price swings either. These hands of mine will not shake for anything less than some fundamental problem. Different mentalities, different abilities, different strategies. Successful traders make more than me. Bad ones less. What I have on both is long term stability. Fair enough, I suppose. But -- at least for a few years or so  -- long term stability for me is in the dollar. Indeed, given the price swings and the long bear market, I prefer to ride obvious moves (major trend breaks, etc) and otherwise stay cautious. I always prefer to be holding BTC, but the volatility is so extreme not to take advantage of. The most useful thing I've learned about the BTC market is to never worry that BTC is going to the moon OR to zero. It's the meat in between where the real profit is. Trade the range long enough, and you don't have to worry about "losing coins" once the rocket starts taking off. And I think it will. In time. |
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I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.
it's more than enough, if you don't spend money in useless things... It's more than enough depending where you are, but it probably won't afford the best retirement if you want to live in a metro area in an industrialized country. if you have already the house you don't need all those money to retire seriously, i'm talking about the money needed to live a simple life, sustain taxes and food, not buying yatch big house with 30 pools, hookers and other crap it doesn't matter where do you live, it matter more how you spend your money Actually, it really does matter where you live. Compare the average cost of living of New York City or San Francisco, with that of Bucharest. This is why some people save up to retire to cheaper places...... |
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Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  My hat is off for you sir. Wish I had a house, car and pets to sell I cashed in my twins' college fund this morning to buy more. They're only 6 but very wise and mature... I told them we could buy bitcoins that will be worth at least 1 million dollars by the time they're in high school, and they agreed I should buy more now while I still can! I'm glad you're just a troll, because that is a very scary thought. I'll bet some people are actually doing this, too. Insanity, really. I'm a long term bull, but I hope people are managing their risk.... |
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wtf is happening with PPC
Wowsers. Too bad I missed the PPC train. Haven't wanted to touch any of the BTC-E alts in quite a while.... they all seemed dead. I suppose this was bound to happen at some point.  |
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I mean there are lots of new merchants accepting BTC, and people spending BTC when they do, but essentially that is just like a lot of selling pressure. There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."
Also it seems most anyone who invested in the last 10 months is regretting it and will not risk losing money with BTC again, leaving less and less people using it.
Seems like a lot of blind optimism especially in this forum, but I now don't see any reason price will go up rather than down.
It seems that, for now, selling pressure from miners, merchants and early adopters is outweighing (significantly) demand. I think there will likely be another bubble, but it could be years down the road. (Or it could be next month -- less likely ) To be sure, this year has been hard on those buying into long term positions. Yeah, and I think that a lot of those who were all for BTC may have changed their mind by now. Losing money could leave a bad taste in peoples mouth and could be actually reducing the user base. This does seem to be the case with lots of people "panic selling," and they may never buy any more BTC. I dont see any reason or evidence at all that there will be any buying prssure any time in the near future with people exiting daily. Evidence for falling userbase and people exiting daily? Or just pulling it out of your arse? I wouldn't go so far as to say the userbase is "falling"..... but by the nature of distribution, it would appear that many, many people have likely been exiting for months. Logically, many will not return -- just like any other investment instrument. Sorry can you explain what you mean by the nature of distribution. If your only evidence is a falling price then your arse it certainly is. Have you ever heard of "accumulation" and "distribution"? Have you ever heard the idea that these conditions happen in cycles? We are in a distribution cycle -- clearly -- and yes, declining prices and sell volume over the past 9 months surely support that. Whether it's early adopters, late adopters, merchants, miners, whatever -- more long positions are clearly being exited than entered. Is that not clear to you? |
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FINAL (double) BOTTOM IS IN!
Wow, you are still bullish? You did better as a bear troll. I figured when the market refused to bounce, you'd return to the dark side.... |
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It appears the heavy hitters are pulling out of BTC and going into Alts such as PPC and NMC and others as of late...
The more simple answer is there are more sellers (mostly miners) than buyers (retail or institutional). 3600 bitcoins are mined everyday But why Miner selling on lose, I do not think they are even ROI on mining on this price. Miners are not necessarily selling at a loss. You can't look at retail mining costs to assess large, well-funded mining operations. Likely, many large operations have sources for cheap production of up-to-date ASICs and access to cheap electricity. Still, at this point, the only option to maintain operations is to pay your bills in fiat. So..... it should always be assumed that anyone invested in a mining operation may have reason to sell, regardless of price. |
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I mean there are lots of new merchants accepting BTC, and people spending BTC when they do, but essentially that is just like a lot of selling pressure. There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."
Also it seems most anyone who invested in the last 10 months is regretting it and will not risk losing money with BTC again, leaving less and less people using it.
Seems like a lot of blind optimism especially in this forum, but I now don't see any reason price will go up rather than down.
It seems that, for now, selling pressure from miners, merchants and early adopters is outweighing (significantly) demand. I think there will likely be another bubble, but it could be years down the road. (Or it could be next month -- less likely ) To be sure, this year has been hard on those buying into long term positions. Yeah, and I think that a lot of those who were all for BTC may have changed their mind by now. Losing money could leave a bad taste in peoples mouth and could be actually reducing the user base. This does seem to be the case with lots of people "panic selling," and they may never buy any more BTC. I dont see any reason or evidence at all that there will be any buying prssure any time in the near future with people exiting daily. Evidence for falling userbase and people exiting daily? Or just pulling it out of your arse? I wouldn't go so far as to say the userbase is "falling"..... but by the nature of distribution, it would appear that many, many people have likely been exiting for months. Logically, many will not return -- just like any other investment instrument. |
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transaction rates and bitcoin price go hand in hand.
more transactions means higher value, and higher value means more transactions.
I would posit that it is not transactions at all that are important, but users. And more to the point, not all users are created equal (not all users equally add to the network's accessibility/robustness) -- and that is the essential flaw in Metcalfe's law. Transactions tell us very little about the nature of users; for all we know, a single entity or group of entities are inflating transaction volume to make the network appear more robust than it really is. |
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Just saying... the alts are on the rise while BTC is down slightly this is very unusual.
Meh, these things go in cycles. Remember October/November 2013? Alts tanked massively across the board as bitcoin bubbled. Then they bottomed and BOOM -- they outperformed BTC like a boss. If BTC finds bottom and starts to rally, that is maybe when we see alts plummet. |
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@ask, may I just ask  You say you have xxxx BTC but in your signature you are asking for donations? You don't need donations ... I've seen quite a few people from 2010-2011 that likely have 3-digit, if not 4-digit, holdings. They have donation addresses. Why not? BTC is great: here's my address -- like what you see? Instantly send me a tip.  |
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Looking at the poll most stand firm with their belief in Bitcoin. And true that Bitcoin fundementals stand strong... Could this be an ETF entry tactic? Dump and bubble and then open the ETF to public to start off the ETF with a grand opening? I don't always assume manipulation. We may simply be at an adoption phase that does not garner speculative frenzy like we've seen in the past. Unfortunately, to the layman, it appears that bitcoin is being pumped and dumped repeatedly. And that's not a good sign to retail investors. |
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Bitcoin doesn't know what stability is, it will continue to go up and down forever.
I suppose the same could be said of any market, really. My feeling is that if bitcoin achieves mainstream adoption, it will eventually become a more liquid market (consider how few coins are actively traded) and will be less volatile as well. |
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I mean there are lots of new merchants accepting BTC, and people spending BTC when they do, but essentially that is just like a lot of selling pressure. There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."
Also it seems most anyone who invested in the last 10 months is regretting it and will not risk losing money with BTC again, leaving less and less people using it.
Seems like a lot of blind optimism especially in this forum, but I now don't see any reason price will go up rather than down.
It seems that, for now, selling pressure from miners, merchants and early adopters is outweighing (significantly) demand. I think there will likely be another bubble, but it could be years down the road. (Or it could be next month -- less likely ) To be sure, this year has been hard on those buying into long term positions. |
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Calm, but I predict 300s, then steady rise, no bubble, to 1k again over the next 8mo.
I'm thinking similarly. I am aiming to reenter in the $300-360 range, with bids weighted towards bottom. If it looks to V bottom, I'll market buy in whatever didn't get hit. I think we should rally nicely off there, but I agree, no bubble. Anything is possible. Why no bubble when all of bitcoins preceding history is one of repeated bubbles and bursts? The usual answer is, if you expect a bubble it will not come. I myself am hoping for a bubble What is more likely as a scenario - that the market moves against the group think on this forum. Or that bears get to buy in at a fantastic entry and the price just serenely rises from there with no bubble or burst. LOL. The thing is, I don't think this forum is very representative of the market. And that goes for both bulls and bears (though this forum tends to lean bull, naturally, since it's a bitcoin forum).... There very well may be a bubble, but predicting the timing is impossible. The action following the last bubble is very different than any of the others. I tend to think we will range for quite some time (if we don't continue in full bear mode to double digits, anyway ). |
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I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.
it's more than enough, if you don't spend money in useless things... It's more than enough depending where you are, but it probably won't afford the best retirement if you want to live in a metro area in an industrialized country. |
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Calm, but I predict 300s, then steady rise, no bubble, to 1k again over the next 8mo.
I'm thinking similarly. I am aiming to reenter in the $300-360 range, with bids weighted towards bottom. If it looks to V bottom, I'll market buy in whatever didn't get hit. I think we should rally nicely off there, but I agree, no bubble. |
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It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.
And if September 17th, 2014 is a date of great importance to you, this really matters. Check in with me around January of 2034. Okay, I'll do that. Maybe bitcoin will be one mirrrrion dollars by then. Or maybe zero. In the mean time, it's a volatile market, and timing entry is important. I'd prefer to see a reversal of the bear market before entering any (new) long term position, as averaging down in a bear market is simply bad risk management. |
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Is it time to place some 100-200$ bids on btc-e?
Yes, it's exactly that time. Well, I'd say a good chance over the next week or two anyway. I've got my bids on BTCE weighted towards $100..... |
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after 6 months + of bear market surely the weak hands have all been shook out?
Now it seems like shorters just attacking despite positive developments.
We can have positive developments and infrastructure investment for a long time and continue to be in a bear market. These things are not necessarily directly related, nor do they occur in a vacuum. The relationship between BTCUSD and the infrastructure of the BTC economy is not immediately clear. People can cite things like Metcalfe's law, but it is not clear that user adoption is (at all) happening to the extent that justifies a valuation on that basis. Both transaction volumes and wallet numbers have risen throughout the year. Infrastructure and seed capital has rocketed in the last twelve months. What metrics other than declining price are you using to justify a falling valuation for bitcoin going forward? Transaction volumes and wallet numbers are horrible data points for accurately measuring user adoption. We may be able to glean something, but taking those metrics to assume that exponential growth in adoption is happening would be a huge leap of faith. Infrastructure and seed capital can continue to rocket for some time while we continue in a bear market. There is absolutely no reason why not. If you build it, they will come...... or...... maybe not. VCs make fail investments all the time. |
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