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Since BitcoinWisdom is aimed primarily on traders, the default denomination should be in (full) BTC.
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There is no future.
How is it possible that you see in the future, and yet you're losing money in the markets? |
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you're asking if you should speculate with the money you NEED, really? reeeeaallllllyyy?
no, he's asking if he should enjoy the money he can speculate with The car thing is, I know I dont need it. But why should I always live worse? Why not give you some nice present after all that hard work you´ve done? What if you die next year? ...l
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Another satisfied user here. Kevin was reliable and helpful throughout the whole process. Really easy way to establish a company for nice price.
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The first rule is not to worry  You know that with proper risk management you can be wrong this trade, or the next one too, but a good one covers all the losses and leave some extra "points". Although it's almost impossible to apply some consistent risk management in the Bitcoin market, now we seem to enter a period, when that could work for a while. There really wasn't much of buying power in China lately, but sellers seemed to be vanishing this weekend as well. Price is now hovering around 5300 resistance, China is waking up for the new week, so lets see the activity. Gox and Bitstamp traders are willing to sell just as much as China drags them down, and even less. So we really might be close to the bottom. I'm out of BTC, and my orders are waiting between $600 to $820. However, I'm gradually loading a position in LTC, as there is a higher chance that some news will come out and take it...to da moon  ; and if there is no news, at least it hedges my absence in BTC market. Not sure if I meet your definition of a bear, perhaps partly I do. |
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Sold 100% to fiat on Friday. After months this is the first time I went all in fiat. However, I expected the price to dip lower within this weekend. Maybe I will be buying 50% back in the following 24 hours. Still should be slightly better than break even + fees.
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No, because I want LTC to strengthen (higher hashrate leads to stronger network).
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I describe myself as a short term "technical" bear and a long term "fundamental" bull.
I believe a majority of users in the speculation sub-forum fit this profile (atm).
Price wise, I base my bottoms on %50 drops and spread my orders 0 to 20% above (in April I would have bet on 70% drops).
It worked pretty well on the last three significant drops since the 6th ($550, $650 and $800 on stamp).
I'm now 30% fiat and am waiting for the next opportunity.
I give 1% chance to a $200 scenario, 5% to $400, 20% to $500 and a good 60% to $600.
All the reasons have been mentioned already, whether it is TA or FA, it seems to point toward a $700-$900 channel with drops slightly below that.
My piece of advice: don't be too greedy or you will miss the bottom.
Yea, I see it very similarly. |
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...are willing to hear speculation and views from both side of the aisle
This is in contrary to only-bears thread. May be an exception though... |
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Some uber-bulls chose to ignore the 'bears only' title, again. This time it was followed by a 'please'. What does it take to keep uber-bulls out of a thread?
If the current market is going to follow EW patterns, then the very bottom has to be no higher than 495$ (Gox price).
That's because corrective wave C has to be at least as large (% wise IMO) as corrective wave A.
If the market will behave like in April, then the very bottom could be in the 250$ - 300$ range.
But the bottom depends heavily on how many coins will be panic sold when most of the market understands that it's a bear market.
And that's impossible to predict IMO, could be 50K more or 150K more, with hugely different outcomes.
I really was not bullish until now. But based on my previous observations on this forum, price usually goes up when Tzupy appears and say that we are in the bear market. This indicator works surely better than EW. So from now on, I should probably stay out of this thread  |
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So bulls don't qualify for a serious discussion or what?
Not saying I'm bullish right now, but ironically, those who wish to hear only what please their ears doom themselves not be taken seriously.
There has been really big volume on every major exchange when the market bottomed at 7th of December. Also, it turned up slightly above the level where market found support at first major correction of this rally, which was at 20th of November.
Latest development is showing us that there is huge potential for Bitcoin in the future, and there is enough of investors who would like to take the advantage and buy cheap coins ahead of other investors buying it low. So the question is what price is cheap at this stage. It's the price where bulls are getting stronger than bears, and we've seen two times lately that this level starts somewhere around/above $500. Of course this guarantees nothing, but indicates enough I think.
Unless there is really big bad news for Bitcoin, it's pure nonsense to wait to see Bitcoin below $200 (as I seen few to suggest that), in my opinion. It's like waiting to see the price below $20 after April this year.
As long as I'm making more coins when the price is falling, I don't really care where the price goes. But remember, that too much of skepticism isn't any better than too much of optimism. This especially applies for Bitcoin, and many people had already lost enough of money/opportunity before realizing it.
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good buying opportunity may be on the horizon
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Or do mention it, if you would like to do some altruism.
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...but this ridiculous price bubble will destroy Bitcoin and probably all other cryptocurrencies when it pops. For 99.99% of the Bitcoin community this is irrelevant as you are involved purely to profit, you have no ideological interest in the underlying concept, but for those who are genuinely interested in alternative currency models it's a pending disaster.
The speculators will move on when it crashes, the winners will take their winnings and the losers will lick their wounds. The people left behind who are ideologically invested and not just financially so will find they've been left salted earth.
I don't think so. China is celebrating Bitcoin. I think that timing with hearings today isn't accidental. After the bubble, Bitcoin is much safer investment than it was ever before. |
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I sold at 126 BitstampUSD and bought back at 118  really did not expect such impact of SR news |
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Hey, I sell bitcoins for 500$! Wanna buy some?
That doesn't mean people will actually buy it.
I'll buy them if you take my PPC 100$  Anyone wants my ADT just for 1$ ?  |
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It shows that the market did not crash when mtgox went away. It just continued from the same level as before. It means the following scenario is unlikely. ... With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
Oh well, I see. But similar situation can result differently, when circumstances have changed. |
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Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme. Hypothetically, if gained profit could help them to resolve the issue with withdrawals, their decline in the market share would stop. Also, MtGox does not influence the broad trend. Check out this chart and spot the period when MtGox was closed for 8 days, when it had a much larger market share (80%) than today. http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2011-05-02zeg2011-09-01ztgSzm1g10zm2g25zvHmmmm... I'm not sure how to interpret this. Doesn't it say opposite? Price didn't change much when they re-opened , since everybody was waiting on them? |
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Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme. Hypothetically, if gained profit could help them to resolve the issue with withdrawals, their decline in the market share would stop. |
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