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My HODLer's chart, showing dates I've loaded up and DCA. Exciting to be nearly in the black after so long!  |
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Don't laugh at my target :-D Long term holder here. This chart shows where I've been loading up and what my DCA is. Exciting to almost be in the black after so long. |
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Graph Here - https://i.imgur.com/7JSMPwp.pngThe past week has seen a fairly consistent range between the $232 and $248 levels, with movements breaking past the $243 level but failing to stay above it. The price can only stay within such a range for so long, especially since Bitcoin has not been the most historically stable. With no strong rally in the past week, the likelihood of the price staying above the $232 is weakening. It is definitely surprising for the price to have been supported by the $232 level for as long as it has, given the amount of rebounds that have occurred. Currently we are seeing yet another bounce, this time off the $240 level and 200 hour moving average, this does not exactly indicate a bearish move in the very short term but it does represent a degree of upside weakness in the correction of the past 24 hours. What we are seeing in the market is not a definite signal of a price drop, only a very strong probability of the long term bearish trend continuing. Further bullish movements are possible, however unless we see a strong and consistent break of at least the $243 level, the likelihood of such a scenario is minimal. What we are seeing is a type of market condition that favours the bears and the next main price target is towards the $222 level (Feel free to also check out this analysis of yesterday’s price drop, it contains some broader perspective on the past week’s movements - https://www.tradingview.com/v/RMLjnTLj/) Poor analysis. I'm not saying you're outcome is right or wrong, but seems like you could say the exact same arguments to say the opposite thing. "The past week has seen a fairly consistent range between the $232 and $248 levels, with movements breaking below the $235 level but failing to stay below it. The price can only stay within such a range for so long, especially since Bitcoin has not been the most historically stable. With no strong selloff in the past week, the likelihood of the price staying below $243 is weakening. It is definitely surprising for the price to have been resisted by the $248 level for as long as it has, given the amount of rebounds that have occurred. Currently we are seeing another bounce, this time off the $236 level and 30 hour moving average, this does not exactly indicate a bullish move in the very short term but it does represent a degree of downside weakness in the movement of the past 24 hours." My point - we're consolidating. Your post has no insights as to why we'll go up or down from here. |
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Why would any bull take this bet?
Place 1 BTC bet on Bitbet, get paid out 3.88 BTC if you are right and BTC passes a value of $5000.
Place 1 BTC bet on the order book, get paid 25BTC if you are right.
People are stupid.
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Doesn't matter when the next rally will be, 2015, 2017 or 2020, it's almost a certainty there will be one.
I think it matters. The longer it takes, the higher the new ATH. I wish that were true. I'll be cheering right alongside you if it is true. But it could also mean that the adoption curve is flattening, and the growth rate slowing. There's no logical reason why the longer it takes, the higher the new ATH. Do you have any evidence to support that notion? |
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same picture for days. But no rise. Why? Accumulation... Shorts should be very afraid. :-D |
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same picture for days. But no rise. Why? Accumulation... Shorts should be very afraid. |
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[ ... ] using BTCChina to crash. Volume reported by bitcoincharts is greater than Bitstamp, Bitfinex and BTC-E together, so it could be fake.
Since about Oct/10, BTC-China's volume has been comparable to what it was in Nov 2013 (~50--60 kBTC/day). During the Nov bubble, OKCoin was ~30 kBTC/day, Huobi ~20, MtGOX ~25, Bitstamp ~20, BTC-e ~20, Bitfinex ~5. After the december decrees, BTC-China they lost nearly all their volume, while Huobi and OKCoin grew. The November bubble cannot have been solely a MtGOX internal mega-pump. There is a plausible explanation for it, which is the opening of the huge Chinese mainland market of amateur speculators. That demand required huge arbitrage activity, buying hundreds of thousands of coins in the "Western" exchanges (including MtGOX) and selling them to speculators and holders in China. Arbitragers (which were probably exchange owners) must have made tons of money that month. Willy was probably the buying end of an arbitrage pump at MtGOX, the selling end being perhaps at BTC-China. No way in hell. MtGox could not absorb hundreds of thousands of coins being taken off the market without going well in to the 10000's/BTC It was fake money buying real BTC. Most logical explanation. I've heard that before. Can you explain where the BTC are if the bot actually purchased them with fake money? I've never seen any explanation proving that Gox ever had those actual BTC. |
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Bitcoin can't even consolidate and is still fighting to not go below $266. I don't understand how some of you are claiming the next bubble is starting soon. Is not the most clear indicator of full denial?
So is depression and despair all it takes to get this bubble started. OK then. Bitcoin is dead! It is going nowhere!  (we can go up now) Words need to be followed by actions, or it doesn't mean anything. And anyway, even if we reached bottom (which maybe not) bitcoin is not probably going to rally any time soon. First it needs boring months of consolidation, where people can start forgetting how painful is going down for months. So they can start slowly gaining confidence and buying again. I thought we already have several boring months of consolidation? It has been a very long year. Going down, down and more down doing new lows in a dead cat bounce is not a consolidation. Has the Bitcoin price ever really flat lined? I think it has been fairly steady for a while. All of October was around $350. That was a rebound from a huge multi-month dump plus a failed attemp to consolidate again, so it is going down at the moment. Is not about a flatline, is about market gaining enough confidence. So market stop thinking we could make new lower lows again at any time soon. Only permabulls and bagholders believe (or try to believe) we are going to the moon at any time soon. Rest of the market is really scary to buy and hold before this downtrend is over. That's the reality. Did you hear "don't try to catch a falling knife"? Can you say more about this "failed attempt to consolidate"? Who was trying to consolidate it and why do you think they failed? Idk, this kind of language is just so tired. Most people here don't actually understand market dynamics and just repeat the same blather about pumps and dumps. I don't disagree with you though, it's a scary time to go long, but at the same time - also a scary time to short. Case in point:  (inverted Huobi) |
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Can you offer a good resource for learning about EW charting? I have studied many of the examples posted in this thread and it seems like a lot of subjectivity is being applied to each wave formation, and that they could be labeled differently. But perhaps I am just not experienced enough yet at EW. Any guidance would be appreciated.
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technically all coins have Bergstake.. Bergstake is defined as the coinbase transaction that creates the coin. There is a plan to "burn" the Bergstake from the 7 million promotional coins. 10 million coins will be sold before launch, and 2.5 million will be retained for devs.
Breakout Coins have Bergstake. neither can be created without the other.
So what I'm asking is about what is left from the 10 million coins. What does it mean for those coins to go to a "private sale"? 1. Will the private buyers get a better deal than the ICO investors? 2. Is Bergstake attached to coins sold in a private deal?ICO investors are at a disadvantage because we do not yet have a functional prototype of this gaming platform. So we are taking the biggest risk, which comes with it an implicit potential for the biggest gain. Of course you haven't said this is the plan, but if coins are going to be sold at a discount privately, then it would be most fair if ICO investors were given first crack. Also, an incentive for investing in the ICO could be the Bergstake, where private buyers would not have a chance to purchase it. If they want Bergstake, then they should take their chances like the ICO buyers.tx42, we thank you for participating in the forum and apologize about the late reply. Hopefully, these responses will address your concerns. Feel free to pm us anytime if you like. !. "private sale" buyers will NOT get a better deal than those who bought in early. The deal we gave was due to the change in terms and we gave the best deal that will ever be available.. 2. Yes, Bergstake will be attached to those who buy-in a private sale. 3. The general crypto community IS getting the first crack at all the coins and Bergstake for 30 days. If our goal is unmet, only then will we pursue participants in a "private sale." 4. All those who participate should have the opportunity to get Bergstake, for supporting BRO and participating in the "coin sale. The math still isn't adding up, please help me understand. This guy asked about the 10 million ICO coins. Based on what you appear to be giving away in the 30 day sale (let's say an avg 5000 BRO/BTC and assume 700 BTC is the final raised amount, or 5000*700 = 3,500,000 BRO. That leaves 6,500,000 BRO to be sold pre-launch or allocated to Bergstake for the ICO buyers. 1. I understand some % of that 10 million is allocated to Bergstake. How much? 2. How many coins will be sold after the software is completed? 3. At what exchanges will ICO buyers be able to "cash out"? |
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it's going to be dumped until the next halving. 100$ is possible price or even lower.
read my lips: INFLATION
I don't think you've thought this through. Inflation is currently 10%, probably in reality closer to 15% given that a few million coins are likely lost. However, even 15%/yr is a drop in the bucket compared to any of Bitcoin's price movements since 2009. It's patently obvious to anyone with a brain that inflation is not the driving force behind the current downtrend. We lost 13% LAST WEEK. |
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 What do you make of this? Why does price sometimes correlate positively with tx/day and sometimes negatively? |
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They just didnt updated T&C yet. There were some substantial changes made two days ago, so check out OP for exact ICO terms. updated: please refresh browser. thank you So, for the early buyers who bought in under the original Terms and Conditions, those original terms will still apply. What would make you think that? My understanding is everyone buys under the same terms, the new terms. @JakeThePanda Imagine someone sold you a piece of an entity, which we will call Genesis. Genesis is limited in size, but it will grow in the future (after the sale) at a set rate. Initially, Genesis will be divided up into 5,500,000 Genesis units, known as GEN. This means that Genesis is equal to 5,500,000 GEN. The terms that you agreed to when you bought into Genesis stated that the amount of units that you would own will be proportionate to the amount of currency (in this case BTC) that you contributed to the Genesis fund divided by the total amount of currency (BTC) contributed. This would be your fractional ownership. The terms stated that funds would be collected until the close date, which is 30 days from the initial sale date. You thought that this was a good deal, as you believed that there would be a high demand for GEN in the future, so you contribute 1 BTC to the Genesis fund. Nine days go by, and you and 197 other people have contributed 1 BTC each towards the Genesis fund, which, at its current value, would buy each of you approximately 27,778 GEN (5,500,000 / 198). Now, its too early to say what the actual price per GEN is going to be because the sale has not closed yet, but you can keep a running tally. At this rate, if it stayed constant, one can assume what the price of GEN will eventually be. We take 198 BTC raised so fair, divide it by 9 days, which gives us an average amount of 22 BTC raised per day. 22 BTC time 30 days of the sale, equals 660. So, 5,500,000 GEN divided by 660 BTC, equals 8,333 GEN per 1 BTC, or 0.15% of Genesis. At this point, on day nine, the seller decides that he doesn't like the original terms, so he decides to update them. He says that Genesis is now made up of 10,000,000 GEN, and that an investment of 1 BTC will equal 6,000 GEN. While not increasing the size of Genesis, the new valuation is equal to about 1,667 BTC. So, you original investment of 1 BTC is now only worth 0.06% of Genesis. Your investment has decreased by 60% (0.15% - 0.06% = 0.09% / 0.15%). Do you believe that the seller would be acting fair in changing the terms of the sale after you already bought into Genesis? That's what I was trying to say earlier, but all folks say in response is "BUT BERGSTAKE!" It's just a gimmick. These guys' whole business is based on luring in fish with gimmicks. I was interested in the coin sale, but the whole thing is starting to smell fishy to me. Also the notion that BRO will magically be sold at a 1000 BRO/BTC rate on launch is a false promise. The market will set the rate, which could be 20,000 BRO/BTC. You better hope you are first in line of the ICO participants to sell your BRO when the first exchange goes live. How do I request my refund? Also, it's a good thing you're not based in the US because changing the terms after a bunch of people have invested already is patently illegal. Sure you're sharing the new terms on a FORUM and offering refunds, but what if I don't check the forum? You certainly didn't email all the investors. |
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wtf is a mtgox?
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1. The math doesn't add up. If the ICO sale now includes 10mil BRO, and you're collecting 700 BTC, that's 10,000,000/700=14,286 BRO per BTC. What is this 6600 business? If you conservatively assume that the buys are spread over the course of 30 days, maybe the average BRO/BTC is ~4500. 700 BTC x 4500 = 3.1 million, which is 1/3 of what you said the total ICO would be. It seems like you're trying to pull one over on us and limit your risk by offering the BRO at a fixed rate.
2. Won't it effectively devalue my BRO if someone were to hypothetically buy 500 BTC worth of BRO now at 6000 BRO/BTC rather than spread over the ICO (effectively negating the 2x early buyer incentive)?
1) What are you talking about? They are temporarily closing the sale at 700 btc and they will open it back up again at a later date. They didn't say anything about the entire 10mm being sold for 700btc. 2) how would that devalue your BRO? You still own the same exact % of the total as you did before that investor bought 500 btc worth. It just means that somebody saw the value in such a low price and decided to snatch up as much as they can. It also means that your investment has maintained it's value and is possibly worth a lot more than you paid for it. 3) You could be correct. 1. Temporarily closing the sale? Where have they ever said that the ICO was more than 30 days?  When does ICO end?
The ICO purchase window will be 3 weeks long. Once the purchase period starts, there will be a new countdown to the deadline. so if I buyin to the ICO on the first day, i get 10percent more than the next tier?  the early birds get their respective bonus % relative to the non-early birds in the second half. We won't know in advance when or where those decile cutoffs fall. We will find out at the end of the ICO, at which point everything can be calculated. Everyone gets a fair shot, with early birds earning a bonus. Comparing two scenarios... In the initial ICO, which was UNCAPPED, would have distributed the BRO evenly according to how much BTC was sent, given an ICO allotment of 4,500,000 BRO. As laid out, if they had raised 700 BTC and distributed BRO evenly (ignore the pro rata stuff for now), each person would get 4,500,000/700 = 6,428 BRO / BTC. In the new ICO, which apparently is CAPPED and with PRE-SET prices, as laid out, they will probably end up distributing a total of 4000 BRO * 700 BTC = 2,800,000 BRO. They have said before that they will CLOSE the sale once 700 BTC is reached, and if 700 BTC is not reached, they will find a private party to make up the difference. They have previously said that now the ICO is actually for 10,000,000 BRO now. When are the other 10,000,000-2,800,000 = 7,200,000 BRO sold? Have they changed the timeline of the ICO sale to go beyond the initial weeks? What am I missing? |
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45 minutes and 6k of volume left until we paint the highest volume 4H candle of the month:  12 minutes and 500 volume to go.  |
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1. The math doesn't add up. If the ICO sale now includes 10mil BRO, and you're collecting 700 BTC, that's 10,000,000/700=14,286 BRO per BTC. What is this 6600 business? If you conservatively assume that the buys are spread over the course of 30 days, maybe the average BRO/BTC is ~4500. 700 BTC x 4500 = 3.1 million, which is 1/3 of what you said the total ICO would be. It seems like you're trying to pull one over on us and limit your risk by offering the BRO at a fixed rate. 2. Won't it effectively devalue my BRO if someone were to hypothetically buy 500 BTC worth of BRO now at 6000 BRO/BTC rather than spread over the ICO (effectively negating the 2x early buyer incentive)? 3. With this schedule, while it may incentivize early buyers, once we get to the second half of the 30 days we're going to see crickets. I wouldn't be surprised if you change the schedule yet again once you realize this. START (UTC) BITCOIN BLOCK BRO PER BTC
10/21 @1400 326308 6600
10/29 @0700 327468 6000
11/5 @0700 328476 5500
11/07 @700 328764 5000
11/9 @0700 329052 4500
11/11 @700 329340 4000
11/13 @7:00 329628 3500
11/15/ @7:00 329916 3000
Is this for real ? it went from 10 % for early investors to over 100%?
and u made this change mid ICO ?
I was going to invest for sure , now im going to have to pass it makes no sense to pay more then double near the end of the ICO.
We will be posting an announcement later in the evening around 7pm PST. At that time, we will be available for a Q and A. Thanks for your patience everyone.
OFFICIAL ANNOUNCEMENT:
Hello Breakout Community. We are proposing the following changes for your consideration.
A. Elimination of the PoW stage and the 7 million coins that would cause dilution of the market over a two yr period.
B. Bergstake to begin from day one, allowing Bergstake owners ability to earn block rewards from day one.
C. Increasing the pool of BRO coins in the "coin sale" from 5.5 million to 10 million.
D. Approx 700 btc goal for initial phase
E. If the total amount of btc raised falls short of the proposed 700 btc amount, we will raise the remaining amount through a "private" sale.
F. Once the 700 btc criteria is met, the "coin sale" will end.
G. Remaining coins will be sold at a later date to be announced by Breakout Coin on this forum.
H. Pro-rata bonuses will be eliminated and be replaced with fixed pricing.
I. Current participants will receive a 110% bonus in BRO coins over their counterparts. @6600 BRO per btc
J. The @6600 BRO coin sale period will end tonight at 10/28/2014 midnight PST
K. After the 48 midnight, BRO @6000 BRO per btc for a 7 day period.
L. Thereafter, the @BRO amount will decrease by @500 BRO every two days until @3000.
M. @BRO will then stay at @3000 per btc until the end of "coin sale" period.
N. The tentative price for BRO will be @1000 BRO per btc when the "coin sale" continues.
O. Bergstake period; 1 million new coins created annually instead of 2 million.
P. Refund tool will be made for all initial participants who choose to request a refund.
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45 minutes and 6k of volume left until we paint the highest volume 4H candle of the month: |
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