Indeed. Indicators are showing bulls are coming in strong. If you don't get loaded right now with BTC you shall meet regret and desperation in the future. Enjoy.
Just like a month or so ago, when everyone was saying we'd blast straight through $300 on the way to the moon? |
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I see that timecoin is missing |
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I never thought I'd see the day that iCoin would be resurrected, but here we are. I'll get a node running when I get home and possibly fire up some mining rigs.
..and it still has one of the best names/brands around.
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Now is the all in moment...to short sell.
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The bulls spent all their ammo. GG
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Every answer to the question just needs an "if" at the beginning.
If bitcoin becomes the new paradigm, one would probably be enough.
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This is pretty dull
Ok, who woke-up the dumpers? nobody. longs closing. Indeed. It's become fairly clear that we won't break out past $300 anytime soon. |
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This is great and all but I'd much rather see a chart covering the explosion in new users buying btc for the first time.
I wouldn't. That's a useless metric at this stage. It would be a great metric, indicating the extent of bitcoin adoption. Unfortunately, given Bitcoin's pseudonymous nature, I think there is no way we can get such a metric. Useless might've been too strong of a word, but I believe it's too early in the game to take user numbers too seriously. Predicting the future success of BTC based on the number of new users would've been like predicting the success of the internet based on the number of users in 1992. More users will follow the big money, as this venture capital is funding the future facebooks, googles, etc. of the bitcoin world. "If you build it, they will come." |
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just reading "elliott wave principle" and came across an interesting point. Market reversals don't happen on high volume and with strong acceleration, they tend to happen when the extremes have finally been exhausted so volume decreases (imagine a bull run hitting it's peak, as we may have done now mid-term, the bull runs out of breath and gets exhausted). Also key to note is that during final stages of bull markets before reversal, market participants when polled show demonstrably more optimism than at other times in the market. Basically the more you "believe" as a mass, the closer you get to being delusional and running out of steam, after that the law of gravity comes into action. The same would apply to the inverse. For example, once you lose everything, the only way left is up!  RE price, I think bitcoin potential price needs to be totally re-evaluated. For one, the market has matured and the crazy volatility of the past has been gradually decreasing. More importantly, Gox is out of the picture now, and all the previous predictions were based on sentiment and information that has been skewed by a skewed exchange. Also important to note is that as price increases, the ability to affect the price by adding more money becomes increasingly difficult. You make some good points here. The extremely bullish sentiment on this forum is part of the reason I'm now short. |
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This is great and all but I'd much rather see a chart covering the explosion in new users buying btc for the first time.
I wouldn't. That's a useless metric at this stage. |
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I think we're going to sink a bit further. The bulls are still rattled, since they weren't able to break $300.
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Chessnut gets more wrong than right.
I enjoy reading his analyses, and he seems to know EW really well. However, you're correct. |
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I find it odd that there is calls for more despair. Anecdotally almost every single person that I personally meet asks me about Bitcoin. When will it recover? Do i think there is any hope left? One of them even confessed to selling most of his stash around $210 out of "despair. This makes me have a bias towards accepting that $160 was capitulation because not only did I see despair in those around me but we also witnessed a massive selloff that is indicative of capitulation.
FWIW, the sentiment near the bottom of the 2011-12 bear market was much, much worse. Of course, bitcoin was younger and we were all n00bs. |
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I think we're going UP but correction is very good now (to 260-280, max to 240).
For chart is always better to go with corrections than in no-correction crazy pump mode (look at January).
I agree. I think we'll see low 280s by the end of next week. |
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What people aren't realizing is that if you do become a Millionaire in Bitcoin, the second you cash out you will have to pay a 40% capital gains tax, which will leave you with only $600k. Socialism FTW!
anyone who ends up with over a million or several million $ worth of btc could easily fly to switzerland or the emirates or china etc or wherever there is no or very little tax to be paid trying to bring the cash back home would be stupid though so i would probably live in an alternative country than give up half my money for tax .......... A million isn't really enough to do much these days. 5 million is probably barely enough if you live frugally* and you are single. If you have a family, you'll probably need 20M+. *Frugally, in the context of being upper-class. No $1000 bottles of wine everyday, no caviar and truffles with wagyu everyday, no vacation villas around the world, etc. $5m and live frugally? Over 40 years (assuming I die at 82) that's $2400 a week. That is far from frugal my friend! For a family of 4, not living in a major city, I'd say that's enough to catapult them to an upper middle class lifestyle. |
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Ok, the "3rd party app" maybe not fully appropriate, but it makes no difference, The anonymization is handled by those "configured wallets", it's still not end to end. +1 by DRK's own admission DRK is a two-tier network. this is not P2P or end to end agreed? Agreed. |
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2015-03-11 14:22:00 Buy 0.00249999 11787.22847907 29.46795332 Some real buying going on Polo  is 0.0024 the new bottom? That was originally a 13,000 XMR wall, and it was eaten in a matter of minutes. |
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It seems reasonably safe to get in under .003 for now.
The most startling thing I'm seeing is the lack of sell orders. There are a lot more HODLers than I would've thought.
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If the re-branding is going to coincide with a shift away from anonymity I think the DASH dev knows something we don't, perhaps some flaw not yet disclosed to general public was discovered which is so fatal to anonymity that only re-purposing and re-braning the whole project makes sense.
This sounds likely to me. The one thing DarkCoin had going for it was that it was faux-anonymous. |
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this is not even a crash compared to the 2011 one, also this crash was really slow from 1200 to current value, not a big drop in short amount of time, which could lead in to some "uninterest" from the majority of people, instead of just pure manipulation
Yeah, I don't think the 2011 crash was comparable at all. Just in terms of sentiment, I remember the boards filled with complete despair and a good amount of fear. I would sum up the sentiment of the boards in this crash as disappointment with a sprinkle of fear. |
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