Ok, just continue on through life never admitting you were wrong.
I am wrong often. Yes, you are. And you are a fkn idiot clown. Quit trying so hard to convince people here that you have an inkling of a clue as to what you are doing. |
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Yeah, let me just remind everyone again of what brilliant sage TA advice that MatTheCat serves up. Also notice that the first 2 posts were as recent as May: As it happens I never shorted at $520 and I never shorted at $430 either just as I amn't going to short now. Whether my $200 range call comes good anytime soon I don't know, but Bitcoin testing $360 is looking very very likely. Infact, I would go as far as to say that it is already written on the wall
I am not saying sub $300 this weekend. I am saying next significant support level is $260. Sooner or later, Bitcoin is going to have to test the upper resistance or the lower support. It seems pretty obvious to me which is the more likely of the two scenarios to play out.
I will take a much longer break from Bitcoin than 6 months. I have been against Bitcoin philosophically for some time but was addicted to trading it cos I was winning. Now that I am losing, I have no further interest in it. I will be back here to indulge in some empty gloating when Bitcoin hits $200 range like I said it would....and it will.
Sorry Ibian old bean, but $200 range it will be. Bitcoin takes these near vertical counter trend price spikes, rises 40% within a few days and then we find time and time again that there is no demand for Bitcoin at these levels cos the only real demand for Bitcoin is speculative demand. If people can't make money from it then they don't buy it and start selling it.
My advice to n00bs coming to Bitcoin now is don't buy Bitcoin right now. 1 day MACD is about to cross to the downside and with the manipulated short squeezing pump up to $540 aside, there is absolutely not enough interest in Bitcoin at these prices, to sustain these prices. Bitcoin is going to $200 range. I would recommend an upper $200 buy-in order and even if Bitcoin drops a whole lot further than this, there will always be an opportunity for the n00b investor to break even if he enters at a $260-$300 range. Buy-in now at $450 and by the end of next week, you may never see the $450 Bitcoin again for a very long time. Perhaps such a long time that your tolerance for loss will break and you will cash out taking a substantial hair cut.
I would certainly look to buy in sub $300 territory with a belief that a strong reversal must surely be on the cards should Bitcoin touch into the $200 range. Failing that, whenever I see an opportunity for a bit of upside and I feel comfortable enough being long Bitcoin. I was long Bitcoin just a couple of days ago, but didn't feel comfortable with it so cashed right back out.
You are last person that I would take Bitcoin call from. I just want to let you know that.
And I never said $200, I said $200 range. If Bitcoin hits $299, then I am right.
I am bearish on Bitcoin because it has been going down overall and will continue to do so. With that said, I shall never short Bitcoin again as I have discovered that engaging in this activity opens a whole psychological can of worms that I am not good at dealing with. By the same token, I shall never use leverage in Bitcoin ever again. The next time I shall buy Bitcoins is when we are back down at the lower range of the trendline. Next stop mid $200 range.
Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.
I have (practically) no market position that is affecting my emotional state. I say Bitcoin is going back to $200 range. If I am proven wrong than I shall be ready to jump back on if/when Bitcoin takes out and holds above important resistances (first being $480-$490), but will of course drop the lot the minute things start to look a bit shaky, as for me, my better instincts tell me that the writing is on the wall for Bitcoin.
In fact, I can't and won't give you credit for being "right" unless we see 250. That's your call. So until then, why don't you go do something else or stop beating your chest for things most other people know too.
$250 wasn't my call!
$200 Range is my call! Maybe not tomorrow, nor the day or week after that....But Bitcoin will grind painfully down over the course of time, interspersed with the odd 'spirit rekindling' counter trend rally of course. My sentiment couldn't be more apathetic right now, but when I put my mind or energies into anything, I generally find myself ahead of the trend. MatTheCat is calling $200 range Bitcoin! Before any further ATH can ever be seen, if indeed any ATHs are ever seen again. If this doesn't transpire, then everyone can quote this statement for truth to eternity whenever I rear my head on this forum. |
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And to think that I was called a used car salesman for telling the OP to buy now when he posted the thread.
OP could have gone all-in. Instead he chose to listen to the noobs and bears.
$400/btc won't come back for most of us; there may be a flash crash for a chosen few. Self-fulfilling prophecy or not, this summer will bring a major bubble, solidly putting the rocket up to the $5000 range. It will crash down to $2500.
I def considered your opinion when I bought some coins, I feel everyone has given me great advice. Obviously I regret not going all in when it was 350-450 but I was concerned with it dropping down and then I go belly up haha. Had I known that it was gonna go close to 600 I would have bought in more but the piece of mind is also worth something. I am now up to 7 coins with 5 bought around 420-460 and then I bought 2 more yesterday when the price fell to 550 (now back up to 570-80) So if your prediction is right over 1k up to 5k I will still be making a nice chunk of change and I'm feeling pretty solid with the money I spent on my 7.14 coins. If it tanks I will still be eating. If anyone can give me a guarantee I will put 20k in bitcoin  thanks for all the tips/opinions. Really helped me with my first post and with bitcoin investing in general I can give you this guarantee: you are buying at the lowest point of the year. I envy your entry position. I seriously doubt we'll see lower than this. But on downswings don't panic, keep holding. And plan on a 1-2 year hold. Because chances are that just about the time you are thinking about selling for whatever reason, it'll go parabolic. |
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LULZ
TOOL
DUDE
WTF?
YOLO
...and the obvious one...
MOON
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What value do you see that will be added between now and Summer that will push the price so high?
Value? Bitcoin had all the value it really needed by 2011. What will push the price up from here is simply exponential growth. |
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Quickcoin is the coolest thing that happened to Bitcoin since whitepaper.
Agreed. If tipping each other "bits" starts taking hold on FB like it did on the reddit bitcoin sub, it could spread like wildfire. FB has ~1.3B active users/month. Hopefully this will spurn FB to add their own first party integration. |
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Much glitch
Very Huobi
Rich Chinese
Fake Volume
Crap trading engine
Insider trading
Stupid Government
Soon to be shut down
Wow
Added a few things to your list.  |
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It is a much more lucrative and "safe" vehicle for scams than the classical ones -- stolen credit cards, counterfeit cash, phony viagra, nigerian heirlooms, penny stocks, ponzi funds, ...
Wrong. Do you even have any idea how profitable just credit card fraud is? The credit card fraud in a single year alone absolutely dwarfs the entire bitcoin ecosystem. That is utter bullshit, please stop repeating it. I had the numbers somewhere that I cannot find now, but from memory: commercial payments through credit cards amount to over 7 trillion dollars a year, so 11 billion dollars of fraud is 0.2% of the total. In comparison, Bitpay claims that it processed 100 million dollars of payment last year; even if you multiply by 4 to account for other bitcoin e-commerce outside Bitpay, that is still less than the MtGOX heist alone. Even if you leave MtGOX out (since, technically, it may have been "embezzlement" rather than fraud), the KNOWN scams and heists in 2013 add to several million dollars at least. So, KNOWN bitcoin fraud must already be at least 10x worse, in percentage of total e-commerce, than credit card fraud. One reply then ignore. So you are going to compare the CC industry that has had 55+ years to mature, with ever increasing oversight, regulation, and fraud prevention in the multi-billions of dollars per year, with Bitcoin? A brand new payment system that's only been around for 5 years and little to no industry or worldwide regulation yet? Apples and Oranges dude. A better comparison would be to the U.S. Wildcat frontier banking system during the 1800s. |
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the 90's companies maybe, but the companies on bitcoin are bitpay, coinbase, Mt.Gox (already doomed), etc.
however TCP/IP, HTTP, FTP, etc are all still around. Those are the protocols.
Bitcoin (the protocol) will most likely survive in any scenario, while bitcoin (the currency) will gain value as Bitcoin gains more utility and becomes more easy to use for the average person.
The difference between the internet and bitcoin is that you can invest directly in the protocol, without having to invest in a company. Never in history was there a chance to directly invest into a potentially life-changing worldwide protocol.
Yes, very true. I especially like your last 2 sentences. Although anyone who bought popular IP domain names early on and sold them years later made a killing. Nobody knows what bitcoin-based companies or exchanges will still be around 10 years from now, but the Bitcoin protocol will live on along with bitcoin the currency. However, the short-lived tech world history has shown us that a company that makes something technology-related so brain dead simple for the masses to comprehend and easy to use, usually that company has staying power since they managed to grab onto early market share and become a market leader. Apple made easy-to-use GUI OSes and integrated software/hardware brain dead simple. Netscape made web browsing brain dead simple. Google made internet searching brain dead simple. Facebook made social networking brain dead simple. YouTube made online video sharing brain dead simple. LinkSys made WiFi brain dead simple. Apple and Google made smartphone and tablet apps brain dead simple. So who will make bitcoin e-commerce brain dead simple? Many companies like Coinbase and BitPay are trying. Perhaps we have yet to see those players that are already good at that kind of thing (Google? Apple? Facebook? Amazon?) enter the bitcoin arena. My bet is that eventually we will, and that they are already discussing it. |
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Only way we'll be at $5k by the end of the year is if someone unleashes another Markus and Willy.
Not really. During the Nov run up, I estimate that deep pocket whale speculators (worldwide, mind you) pumped in about 10-20% of the fiat that brought us from $150 to $1100. From a $1B market cap to a $12B market cap. Then they traded it back down, and left the market several weeks ago, leaving the market rock bottom at about $4.5B. Now they are slowly starting to re-enter the market. Provided 2-3X the number of whales come back into the market during the next run up, and we have 2-3X more bitcoiners joining the party by that point, hitting $5K/BTC should be trivial. |
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What if I told you, that you trolls are trying way too hard? lol (Oh crap, I'm feeding them now...)
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news seems to be always timed perfectly to keep the price in check so that it follows the price pattern
weird huh!
Almost like some big big players are messing around. I mean bigger than buffet, the true wales hide everything about them. You will consistently see negative FUD news about bitcoin in one of different 3 periods: 1. Shorters/day traders trying to drop the price during an uptrend 2. Whales/Banks/Govt/Powers-that-be that WANT to pop a bubble top (funny how the worst of the worst negative news comes coordinated just precisely at these times, doesn't it? Uncanny! Look for it at the top of the next bubble (e.g. exchange being closed by a gov't or going belly up, some government raid or banning, etc.) It will be obvious, but will come out of left field.) 3. The long tail after a bubble pop - oh boy, the media and the FUD spreaders have a field day with this one. Just a steady stream of FUD and negativity for months, bitcoin witch hunts, etc. Notice that it's interspersed with some good news here and there, to cause the rise-and-fall stair step pattern down, with lower highs and lower lows. The idiot troll day traders know exactly what they are doing, as this gives them much more return than just selling everything at the top and walking away. Remember, they sold at the top and also caught the falling knife of the bubble pop, so they also get the benefit of the double-top/dead-cat-bounce and potentially doubling their profits for the 4-5 months after the top as they slowly, painfully sell it back down again. 4. Also notice as an aside: once at the very bottom of the downtrend, all negative news about bitcoin in the media completely goes away. From that point forward it's all kumbaya positive news again. Again, weird huh? That couldn't possibly be on purpose, could it? So you think that's air you are breathing now, Neo? nice post, thank you! Thanks. Based on the recent new threads started today on this sub (by our fav trolls, some old, some new), guess which phase we are in now?  |
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news seems to be always timed perfectly to keep the price in check so that it follows the price pattern
weird huh!
Almost like some big big players are messing around. I mean bigger than buffet, the true wales hide everything about them. You will consistently see negative FUD news about bitcoin in one of different 3 periods: 1. Shorters/day traders trying to drop the price during an uptrend 2. Whales/Banks/Govt/Powers-that-be that WANT to pop a bubble top (funny how the worst of the worst negative news comes coordinated just precisely at these times, doesn't it? Uncanny! Look for it at the top of the next bubble (e.g. exchange being closed by a gov't or going belly up, some government raid or banning, etc.) It will be obvious, but will come out of left field.) 3. The long tail after a bubble pop - oh boy, the media and the FUD spreaders have a field day with this one. Just a steady stream of FUD and negativity for months, bitcoin witch hunts, etc. Notice that it's interspersed with some good news here and there, to cause the rise-and-fall stair step pattern down, with lower highs and lower lows. The idiot troll day traders know exactly what they are doing, as this gives them much more return than just selling everything at the top and walking away. Remember, they sold at the top and also caught the falling knife of the bubble pop, so they also get the benefit of the double-top/dead-cat-bounce and potentially doubling their profits for the 4-5 months after the top as they slowly, painfully sell it back down again. 4. Also notice as an aside: once at the very bottom of the downtrend, all negative news about bitcoin in the media completely goes away. From that point forward it's all kumbaya positive news again. Again, weird huh? That couldn't possibly be on purpose, could it? So you think that's air you are breathing now, Neo? |
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A correction out of the pennant is set to occur by the end of this summer through fall. This is why I think it might be a good time to sell soon, if you're still holding.
TL;DR - Man, that was a lot of writing just to out yourself as a troll day trader who is shorting. Getting nervous? |
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Looking at the DRK thread it appears that there is an issue with the planned fork that has people panicking. But maybe the whole thing is a pump and dump. Do research before investing to find out the answers you need!  A scam coin that tries to use (legitimate? yeah right) negative news as a valid reason for the bubble pop (instead of the fact that it's really an over-hyped PnD)? Say it ain't so! I call it'll be @ < $6 by August. Thanks for reminding me as I had 100 Dick ....sorry i meant DARK coins lying around that i just liquidated on cryptsy... I agree I think we are at the top of PUMP cycle ..Once pplz stop and think about a coin designed for DRUGS, Money Laundering and Terrorist Activities they may start to wonder why they are being followed ..lolz P.S Good luck trying to get an exchange who uses Banks & USD to accept DarkCoin P.P.S It has its place ...just like whores gotta smoke da CraCk ...but to say "KING OF THE ALTS" nigga please ... People act like this one feature of a truly anonymous coin is going to somehow catapult it to a multi-hundred million USD valuation overnight, when they forget that this so called "feature" can be replicated over and over by other new alt-coins as well. There will be more of these silly coin-offs every couple of months, all saying "No I can do anonymity the BESTEST EVAR!!" I predict that by this same time next year, that there will be over 50+ so called "Dark" or "Anonymous" alt coins, all claiming to do something special from the others and continuing to dilute each other's market share. Meanwhile, bitcoiners that want some level of anonymity will just use a combo of add-on techs like Tor, CoinJoin, and Dark Wallet to essentially do the same damn thing with their bitcoin. Big deal. |
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..some of the innovations in coins like ....[snip] .... can't necessarily be coded into BTC if only because of monolithic/centralized nature of the bitcoin devs and the foundation. so there may be value there.
Just because you say so? Prove it. |
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Looking at the DRK thread it appears that there is an issue with the planned fork that has people panicking. But maybe the whole thing is a pump and dump. Do research before investing to find out the answers you need! A scam coin that tries to use (legitimate? yeah right) negative news as a valid reason for the bubble pop (instead of the fact that it's really an over-hyped PnD)? Say it ain't so! I call it'll be @ < $6 by August. |
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Right, but to wait for that point is to miss the downward move between the top and the point of support. Retail investors wait for confirmation on all signals. To be most profitable, you must look for the early signs and find more supporting evidence. I'm looking for the latter now.
Troll shorter is too obvious. |
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You know when the likes of fonzie shows up that the shorts are starting to panic, lol. |
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Buy now, after the next bull run we will never see below $1k anymore.
I think the OP is too late now. He will be fighting for 2100 satoshi 2 years from now Not sure what you mean, what am I am to late for? I already have 5.14 coins that I bought at/under 450 and it is up to 530. Not sure where else I can make that kind of return on investment this fast. Even if I buy at 530 and it goes up, nothing beats the return. (at least to my knowledge) Awesome job, man. I don't think you could of timed your entry point much better this year. Enjoy the ride! |
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