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.

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.

Maybe, maybe not. 10 years is a long time, particularly if you don't have significant capital and your capital could be better invested elsewhere in the meantime. I sold some of my bitcoin position a couple months ago and put it into some momentum stocks. Did very well. Now waiting for a good long entry back into bitcoin, but it's very ugly right now. I have no interest buying this level. I have bids in the $300s.

The moves seem rather muted as we continue to grind down. Are we eventually expecting a plunge down similar to August 10th? I can't help but feel that if we keep on this way without gathering any bullish momentum, that we could see sub-400 in a hurry.

Congrats on the house purchase. Hopefully you did your due diligence and got a damn good deal. I wouldn't start planning on retirement with those bitcoins just yet. I am a long term bull, but that's still not set in stone.

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.

Looks like we are heading down indeed. This is ugly. No buyers are showing up. Just slowly grinding down. If it keeps on like this, eventually the dam will break and we will likely visit $340 I think.

I received payment for last month. Thanks again. I would like to continue, same address.
Posts: 487

That's my main trouble with putting too much into Bitfinex's numbers. I don't see them as a driver of this market at all. They follow China to the tee pretty much, so I'd be much more interested to see numbers on Okcoin and BitVC/Huobi. Bitfinex calls may make us wick down, but I doubt they would drive the rest of the market down.

I'd be more worried to be holding litecoin. It's been a rough road for LTC bagholders -- my heart goes out to you guys. BTC might dive to 500 or 450 and back, but we're going to the moon........... someday........

The days of free bitcoins are just about over. Faucets are a waste of time now, and giveaways are scarce. People have realized the great value of their BTC! If you want in, I'd roll whatever fiat you can into it. Sell stuff to buy BTC. Sell your services online (online freelancing, writing, coding, etc). You can also sell your signature space on the forum -- though as a newbie, it's worth very little.

I feel dumb asking this, but does anyone know how to search and display transactions in the ledger? I can search addresses and see their balance, but how do I search and link to a specific transaction?

What would you call this last move? It was 80k/BTC yesterday, and trading near 200k/BTC today. THAT's a dip. Some nice volatility if you managed to play it right!

Any reason in particular to use Allcoin? I would think liquidity would be pretty low. Are they running any promotions to gather traders? I stick with Mintpal and Poloniex. Although I did jump onto Justcoin to trade some Stellar.

Well, the exponential growth trend (though that is lagging heavily to the downside now)..... Metcalfe's law (although the accuracy of that theory is up for debate)..... the storage of value and value transfer capabilities of BTC......

Have coins started moving out of that "exodus" address? I can't remember where I found that address.... I had been wondering if we might see some downward pressure when those coins started moving.

Well, I hope you've gotten your computer by now.....

When I was a kid, I wanted to be a professional basketball player. Haha, that one didn't last too long.

I was browsing through his posts and the main thread and couldn't find anything about this. Did he say when this would go into effect? I actually prefer a flat monthly payout myself.

I think if we could push below 500, we'd have a nice oversold shakeout capable of rallying hard. These bottom fishing attempts almost feel like staving off the inevitable, but I could certainly be wrong....

Aren't futures on the international platform? Not .cn? I think that's because -- similar to Huobi handling its leveraged market through Bitvc -- they want it separated from the mainland Chinese market. I think this is related.