1-3 years. Or more. ....maybe less.  |
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We have already gone past $90 and $70 (within the last month), so those options don't make sense. Where is the $2-$9 option?
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The portion of gold's price derived from it's "industrial" or financial uses is minuscule in comparison to the arbitrary value it has due to its "monetary" and "store of value" uses. rampant price manipulation by the banks.
FTFY |
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That's not necessarily true.
You can still buy, sell, and profit even if you think the market is going down. Buying in doesn't necessarily make you bullish on the overall market.
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*Well thought out post*
Good stuff. The speculation forum needs more posts like this. |
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I don't see why anyone would just make up all that stuff.
To pump up the price? To mess with people? E cred? Just because? It's the internet, home to bored nerds worldwide. |
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How often do you buy/sell?
Depends on the market, sometimes I trade a couple times a day sometimes I am out of the market for weeks. Do you use one sized chunks (e.g. 100 BTC) or various sizes? How you decide on the amount?
Various sizes. For how long do you wait before admitting bad decision and buying/selling back with loss?
I know where I'll take profits and where I'll cut my losses before I set my order. Are you using market orders? When?
I have before, but as a general rule, no. Do you use API (bot/script) or web interface?
Not since about $12 Do you use stop-loss orders?
Not really. What's your % gain since the 266 crash?
More than I expected. |
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Just about to ease into some shorts:
Good luck, I learned my lesson about leverage from Bitcoinica ... |
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Kinda of a bull disguised as a bear you too...
No, no, no, no. "Bull" and "bear" dont describe some overriding market philosophy, just an outlook on the current market. I really dont know why that's so hard for you people to understand. From another thread that goes into this a bit: Have you ever believed the market is going up?
Plenty of times. Most of the way up to 30 in 2011 and from the point we hit singles (after the 2011 crash) all the way up to about 13 last year. I've been bullish for a far greater amount of time than I have been bearish on the market. That's what some of you keep failing to understand. Just because I think BTC is currently way overvalued, and strongly believe the market is going back down, does not mean I am against bitcoin. In fact, it's quite the opposite. I think for BTC to succeed, its boom and bust economy must fail in favor of a real economy that grows at a natural rate (as opposed to the current economy which is being driven by hype and speculation)...the reality is that we are not even close to that yet. |
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Anyhow: if you'd be so sure we are going down you'd be shorting.
Nope. I dont trade BTC with leverage. Market swings are to large, unpredictable, and can leave you with a margin call even within a known trend. |
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So you are shorting at plus500 or similar service? Or just hoping to buy back lower?
I am out of the market completely right now. I'll think about buying back in when the dust settles. For now, I am happy with the profits I made from this bubble. |
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I don't see all the doom and gloom Evolve sees.
Once you do, it'll be too late. Just remember, people said all of this in 2011 too. you take it from granted and ATM it's not so clear in my book. It may well be consolidation after a correction.
I'll be the first to admit that a consolidation back into a bull market is possible, I just don't think its probable. |
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Kinda like how the dotcom boom made geeks all the most powerful people?
Nerds & Geeks seem to be ok with being ruled at the point of a gun. People who are not very smart but are charismatic are the ones in control of those guns.
This. (and I very rarely agree with elwar about anything.) You don't know anything about me. Don't assume anything.
Many people who meet me on daily basis think they know me, yet they don't.
I was just telling you what it sounds like...you are the one getting all defensive about it. |
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I think we just had a very much needed correction and are now consolidating for the next deflationary move.
I disagree, but we should know for sure within the next couple of days if this is true. |
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greed
No, thats what got us up to 266. We are reaping the consequences of that greed now. |
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There's no widespread pessimism among traders.
No? Its optimism driving the price down? |
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We certainly had a correction, but a bear market does require lower lows as the market becomes increasingly pessimistic. I don't think, after the jump from 50, anyone realistically expects the price to reach 50 again. Even 70 has tremendous support and the last time we could not get past 97.
Testing 50 again is much more likely than 150 or 266 IMO. Trading over 120 for a sigificant amount of time would be surprising at this point. |
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2nd post on this page The fact that the highs are dropping shows the increasing pessimism. The highs aren't going up because people don't believe that they can sell them for as high of a price as they could last month. In other words, the price that people think they can sell bitcoins for is going down, so people will only buy back in at a lower price.
The market itself reflects investor pessimism. |
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Let's see again in a month or two.
Agreed. |
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Where is the "widespread pessimism"? Other than this thread and your posts I'm not seeing much.
Read the thread. This has already been gone over. |
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