If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you.
Think about that for a moment, and then think about how many have been lost forever already.
You should have put it that way when they cost $10 each. Now its too expensive for me to buy 100 btc (expensive as in i dont have the money, not that the price itself is expensive), because as you put it, if it ever becomes mainstream, then being in the top 0.0035% of bitcoin holders would be priceless. These things have been posted many times when the price was lower than $10. Fair enough, unfortunately I wasnt here to read these words of wisdom.  Why does important crap like this never get to my Facebook page, instead I get pictures of lol catz and dogs... wtf?!? Take a long hard look at who you call "friends"  |
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lotta price increase without impressive volume / $ amounts
and BTW that previous sell from a few days ago was a test run, no true panic volume on the so called "panic day".
The real panic day is yet to come. Don't know when, but I don't want any part of it. These parabolic rises are never a good thing.
Guys there will be no panic day because of the known number of btc in circulation. People who know that will never sell bitcoins on dumps will just buy the cheap one's There is always panic when the trains leaves the station without you . |
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Right, but if you change the line by selecting a subset of the data, you should be able to describe your methodology and a reason why it should be accepted as a model. I have a feeling your methodology was "this looks good". |
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If I'm understanding lucif's/masterluc's elliot wave analysis, 1250+ could be the top of the historic wave 3 (wave 1 = the rise from 0.05 to 32 and was roughly 2.8 orders of magnitudes and wave 3 = the rise from 1.99 to at least 1255 if it is no more than 2.8 magnitudes as it is expected to be)... if one were to believe in such things...  Did we complet wave 4 of 5 of (5)? What do you Elliott guys think? IMO, didn't completed even 3 of 5. I thought he was talking about wave 3 of the five waves off the $65 bottom. My count has this structure as the historic wave five. |
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I like to check the prices vs gold once in a while here: https://coinabul.com/index.php/gold-weight/1-troy-ounce.htmlUsually everything listed is available. Today almost all of them are out of stock. Smart move if you believe it is the top, buy some gold to hedge your investment. As of right now it is around 3.8BTC/oz. My friend ordered some silver from coinabul as a fathers day gift, then a birthday gift, now hopefully a christmas gift. Proceed with caution. |
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Facebook has women. Bitcoin hasn't.  What about BitChick and BitcoinAshley?  Oh wait, that's the whole list. I guess you have a point. what makes you think those are real women? BitChick's husband might be able to vouch for her, and BitcoinAshley's attitude makes it pretty obvious (at least to me). However pointing out and discussing the only 2 who are publically displaying their gender is probably not the best way to address the obvious gender imbalance. |
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The question is, how does that apply to an exponentially increasing stock like bitcoin? Since when is bitcoin a stock? And since when does bitcoin only increase? It's more that there are not many stocks with a growth rate like BTC, so (if you're NOT new to bitcoin), is it really a good idea to use DCA and stagger your buys over a relatively long timeframe when you see that growth is starting to pick up? Yes, if you are a good trader and can reliably predict the market you can beat DCA. But with DCA there is less risk of making a bad buy. With Bitcoin newbies bad buys often lead to bad sells, which is why I make the suggestion. I've made no claim it is optimal for all people, but if you have to ask (hence this thread), you probably want something simple without excessive risk. |
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Facebook has women. Bitcoin hasn't. What about BitChick and BitcoinAshley? Oh wait, that's the whole list. I guess you have a point. |
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I have started a policy of ignoring anyone who openly admits to trading on gox. I encourage everyone to do the same. The content of this thread has greatly improved.
Maybe it's time to start a thread listing everyone who trades on gox to publicly chastise them to do the right thing.
Why do you feel everyone needs to agree with you about Gox. If I lived in Japan you can bet your ass MtGox would be my first choice. For certain people it really is the best option. Just because it doesn't fit your needs well doesn't mean every single person should shun it. |
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I think that's right, but for another reason : if you're new in bitcoin, then it's statistically more likely that a crash is about to happen (because of how the hype machine and bubbles work). So in that case, spreading the purchases over some time is probably better indeed. Or you could wait to buy after the crash, but in bitcoin's case it might be risky, because if you noticed the bubble early enough, the low after it pops might be higher than when you were ready to buy at the first time.
Exactly. Good luck picking the highs and lows, but if you are thinking about buying bitcoin for the first time others probably are too. Instead of throwing it all in and praying you didn't have horrible timing, DCA allows you to get a good average price no matter what happens in the short term. |
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Discriminate much?
I am free-minded towards anyone, by discarding their background while valuating their character as a whole. But still, there are certain stereotypes for certain backgrounds and these types would not be considered stereotypes if they weren't often seen by others. Everyone can break free from their background and what is expected from them, not everyone choose to break free though. It is just sad that we can joke freely about some stereotypes, but with others, people freeze and find you inappropriate  Why break free if dicks like are going to prejudge you anyway? |
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Investment, whatever.
And maybe you haven't noticed, but on average bitcoins have been increasing since day one...
And there are many examples of times when it would be better to buy over time than buy all at once. I've been here since bitcoin was less than $1. What would be better, buying $500 worth at $266 each or buying $100 worth once a week for 5 weeks starting at the $266 peak? Yes, either is profitable at this point, but you would have a lot more BTC with the second option. |
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The question is, how does that apply to an exponentially increasing stock like bitcoin? Since when is bitcoin a stock? And since when does bitcoin only increase? |
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Masterluc: We've been riding the top of the BB for weeks... so why did you say a few days ago: Fast? Still not fast =) I consider it sustainable so far.
Probably because we didn't yet have the gap between bollinger band and price that has developed now, we were only riding the top. |
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Personally I think the chances of a sustained crash before $480-$500 are close to 0. $100 higher than where we are right now - yea, then I'll start worrying a bit.
Depends how fast we get there. I have no faith in the speculators to do anything smooth and easy though. After all 10% of them make lots of money on the volatility (so 100% embrace it). For the fun of it, I've taken a couple bitdimes and put them on bitfinex. I've been playing "buy the ATH". Every time there is an ATH, I take a small position(fuck max leverage) and then close it for a small profit. I keep a tight stop and so far I've banked 15% profits to btc with 4 positions over two days. No losses yet, but like I said, keep a stop loss. And be aware that your stop might execute lower than it is set if there is a sudden move. Slippage can be a bitch in this market, although things seem to be better now that the market is more distributed. |
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Greed. We are getting very greedy. Knock it off.
Indeed. Let's move on to delusion already . |
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