That'd be pretty dumb and would only enrich the exchanges. exchanges would have all the bitcoins at 1% commission in like 5 years
Exchanges have to sell their bitcoins to pay for their costs. If an exchange is overcharging for too long, others will come and drive the transaction price down. |
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Considering there will only ever be 21 million coins, I'm not so sure I like the idea of 1 million of them trading each day....
Why not ? |
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you know, I think this 800ish area (and this being bitcoin, by "ish" I mean 700-900) is starting to look, dare I say, "mature"
if I was new money flowing in tomorrow, after transfers on last weeks exposure, I might look at this chart and say "yep, don' wanna miss this train"
just sayin'
I agree... I would love to see a deep correction to load up. But I don't see it happening. What was a resistance is becoming a support. It feels to me like the market is getting ready for the run to 1000. |
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A nice post and a good read. A genuine question though, does anyone really expect Bitcoin to ever go above 2 or $3k? That's only the first of 10 doubling stages with this plan. I appreciate that the plan in general is a nice, sensible programme to follow, however.
Yes many people expect it to go beyond 10k Your question was asked at the 1 USD level, 5 USD level, 10 usd etc... |
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The key here is investing the total amount of what one is ready to risk from the start rather than going gradually over time.
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Someone tell me this is somehow not going ugly.
Nothing to worry about, 400 USD will hold |
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I have too much fiat compared to BTC holdings
Do you think 850 is a fair entry point ?
Could it be the last time we see 850 ?
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the 1000 USD mark will make lots of headlines around the world...
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The fear to lose, maybe ? |
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On the flip side, we are in India. Why can't we have people in grey market, who are not used to online and Internet, sell BTC at such price. I mean, 7000 rupees is something for them for sure. He told me he doesn't have BTC at the moment, but he will get them soon and ring me up.
Said we could meet face to face as well, but then he has to travel to my place, and he would only if I confirm that I am going to buy.
Right, people who are not used to "online and Internet" have bitcoins... Maybe they don't know what internet is and received bitcoins last christmas on a usb stick ! Are you kidding me ? |
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I think it's time for another shakeout. Bears come out and do your thing!  Yup, time to attach the handle to the cup. It's been screaming buy the whole day, bears are decimated Call them back at 1500 |
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I'm not convinced we're out of the woods until China eats that wall at 5000CNY
What do you expect first? under 4000 CNY or over 5000 CNY? 5000 CNY will be eaten like a spoon of rice... for breakfast let them sleep for now |
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I am not re-buying. still in the trap zone.
Even 900 could be the "trap" zone and form a double top. So you will wait 950 to go back in and miss on an extra 250 USD ? The time back in was 100 dollars ago, and now  no. if we go past 722 I will rebuy. getting ready I guess ? |
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I am not re-buying. still in the trap zone.
Even 900 could be the "trap" zone and form a double top. So you will wait 950 to go back in and miss on an extra 250 USD ? The time back in was 100 dollars ago, and now |
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the bull is back - it was a bear trap, and not a bull trap in a bubble explosion
who has still a doubt now ?
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Holy 1000 BTC wall at 681 on gox
will be eaten up fast fresh money coming online |
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attacking 700 now.
1000 here we come
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What about the bagholders who bought 700+? won't they result in downward pressure?
700+ is still a good deal if you buy and hold. I bought some coins at 780 on the climb and will not put some downward pressure, quite the contrary |
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If the double bottom at 475 holds, that will be very bullish for the next phase
Everyone turned into a bear already, which is also very bullish. That would mean we have bottomed.
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yep, thank god that we have stamp and china, otherwise this would be like april
Agreed, this is not April. This is June 2011. No. This is November 2013. Bottom will be reversed very fast and furiously which was not the case in 2011. |
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