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Another great insightful and well thought out thread in the speculation forum. I think I prefer the 'it's going to zero' trolls.
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Just put a 100$ buy order at 220$/BTC. Sure the price will fall more, 120-150$ should be the bottom, but 220 it's ok for my objective. I strongly believe in 10.000$ in two or three years. The reason is simple: exists a better "thing" to speculate in the world at those times? NO. Maybe a 3.7 Bn $ capitalization seems a lot, but think about shitbook, it has more than 200 Bn$. How can you compare Bitcoin phenomenom with a shit like that. It's obvious that bitcoin is so undervaluated, and I think it's because of the difficulties to get in. Just wait for a serious and fast bitcoin exchange, and the value of bitcoin will explode.
By the way, today sold all assets I got with a final profit of +130% in three years. Seems that Wall St has serious difficulties to find new money , so I will be out until it drops at least -30%. So I'm full cash right now, and I don't know what to do with it, any recomendation?
My opinion is that from this price downward that silver is a good buy. I'm just some guy on the internet though "  |
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Now sold out of silver gox coins Pop me a message if you are interested in any from the next run of coins I'll be ordering.. I think off the top of my head the numbers are 35+ I have a limited amount of plated accessible if anyone is interested (due to moving). |
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I think a simpler explanation is probably the most likely. They got hacked, suspended service, insider trading before or after? Maybe.. I do not think this is Gox 2.0. But there is absolutely no way to know yet.
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What is the price of BTC right now? All is see is $??? cause my ticker checks bitstamp.
My stamp ticker is down, I'm referencing btce and kraken- though I think that kraken has smaller volume. |
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Bitcoin is not stock, it can be used not only to trading, and also to be living
where i live nobody in the radius of 100 miles ever has heard of this esoteric shit let alone wants to buy/exchange it - how do i live on it? Dunno. But where I live, is apparently the highest rate of accepting shops- I haven't noticed any though. Perhaps I just don't go into the right ones? |
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Interesting thoughts. The price has a lot of people panicky though. Enough for more lows perhaps. I think that psychologically that the market is approaching it's despair phase.
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Guys, am I the only one thinking this event and the latest price fall are all subtly linked together? We've been this before. IMO, Bitstamp team has something to do with this "hack" thing. It would make sense, maybe an employee or owner with knowledge of the hack dumping their coins before news hits?or other more obvious answers. Who knows. |
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"Bitcoin is a long term investment"  I've never seen a long term investment drop in value 80% in one year. If you want to burn all your money, might as well at least buy a major fireworks display or spend it on blow and a hooker, at least you'll get a brief moment of gratification out of it instead of stretching your pain into months and years. Meanwhile, the smart people here will make real long term investments so we can be the new wealthy elite supreme gentlemen in years to come. Bitcoin long term investors will not have a pot to piss in when their investment plan eventually comes to term. This. Dumb fucks deserve all the misery they get. I bought my first Rolex today. Presidential. What have you losers done with your lives? Looking for a nice cardboard box to buy with your stupid internet meme coins? Such vitriol, from you and many others. The thread and forum is swarming with these kind of comments. But they add little. |
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My guess is some early adopters are feeling jittery that BTC may fail and are liquidating their positions, these people can afford to sell for this price only because they got on the train when BTC was worth squat. Even if they got on late, say at $200, remember that they are still selling at a profit. Soon we should see these stocks dry up and a refusal to sell at such low prices, which should drive demand and the price should go back up. The actual reason for the fall still seems to be a mystery, it looks like there is a cartel similar to the diamond cartel that is deliberately pushing the price down to pick up BTC at low prices so that they can make a killing when they pump the coin the next time. These cartels are killing Satoshi's dreams of de-centralization.  If this is manipulation, which I'm not convinced it is, it is present in all markets. I don't know why people are so incensed by this. |
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Also there was a delay sending the bars: the stickers were locked in my office! I'll be posting them tomorrow afternoon.
Thanks again to the participants.
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Proceeds have been donated to The Ferry Project, a charity in Wisbech close to my heart, in England that takes in vulnerable young adults and attempts to rehabilitate and or provide a safe environment for young people.
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3600 new coins every day need to be pushed down the buyers throat.
They are created and go to market.
We are far from a balance between buyers and sellers. I'd estimate bitcoin at 500 million cap will be seen again.
This is the addiction of speculating as long as you never put in what you cannot afford to lose of course. |
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I had hardly any BTC when I joined the forum and bought before the first bubble. I did not frequent the speculation forum, so didn't pay much attention to sentiment (stupid I know).
If you haven't cut some of your loose by now, then I'm not sure it is a good time to sell. I think a bottom is near though.
You always need to have a price in mind when to buy both the high to sell at and the maximum loss you're willing to take.
I'll let some old timers tell you about sentiment, I'm guessing when BTC went from 30-3? That's a bigger haircut than now for sure.
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Dumbos cashing out to buy silly xmas presents all over the world, dumbos panic selling due not being able to have a long term view of the future, and so on and so on.
I guess I'm one of those dumbos- but one with little to no debt, did not buy presents and have a very long term view and will be buying back in soon. Hodling doesn't have to mean that you'll have your face ripped off again and again. |
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^ We will see! Thanks  Are you still long on full leverage ? Of course he has stops. |
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- weak hands
- short term speculators
- bots
- trend followers
- margin calls
True. + Panic sales. Yes, panic is in the air. Bitcoin has been a crash course in volatility for many including myself. |
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I sold half of my 'core' position in the low to mid $300s because I suspected a washout like is coming, if I expected it this soon I would have sold more. But I do not consider myself a weak hand or a permabear- just interested in skimming some fiat along the way. Maybe I'm a mixture of bullbear, trader weak hand though? |
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Gotta hand it to S3052. For a novice trader like me I've learnt a fair amount from the newsletter and saved (and made) a fair few BTC. Looking forward to making he most of this volatility in the coming months.
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Tell me about it. Sick of these inane threads. I really think a posting cap or limitation should be setup for newbies in the spec sub forum.
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