Anything below $118 is a fantastic opportunity.
Timeframe? |
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If you're not out, get out.
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This isn't a billion dollar market and it never has been.
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If I am wrong, educate me: Isn't it irrelevant whether it's one hour and 6 confirmations or one hour and 6000 confirmations with regard to security? And AFAIK, the Bitcoin clients can spend 0 confirmation coins. I don't get it, really.
Some places accept 3 confirmatios, some places 0 and some places 6. It seems a policy thing to me rather than technology.
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A good call I think. I only wonder how long it will take.
People seem to be fighting it every step of the way which will probably make it drag on for months.
Still, I'm doing some interesting things with the alts since I sold my BTC around $160.
LTC and the much cheaper, riskier and newer DGC on cryptsy look promising these days.
WTF is new about DGC? Don't you guys get tired of the scamcoins? Seriously. |
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His predictions are simply completely ridiculous and based on nothing. He's is spreading fud for whatever reason. Probably trying to get the price lower to buy some more coins. Sad.
Trying to predict the future from past history = FUD. Bulls still have problems coping with reality. Tell me once the denial fades.  |
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Wow, the high isn't even triple digits.
Bitstamp, always one step ahead.
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Such lament already and yet the bear market in Bitcoin has only barely begun!
It's been a bear market for a month now. Bitcoin likely can't survive another extended bear market. Those of you who want cheap coins be careful what you wish for. "Bitcoin is dead" - Wired, Nov 2011 (~$2) |
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Thanks, didn't realize that, I was under the impression we got it from second hand. Everything's cool.  |
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I wonder if they will sell them.
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I'm assuming a regular income or a fixed amount of money that gets averaged into say 6 months or a year, maybe even longer. You spend 1 unit every week, at the end you have a strong long-term long position that, assuming your analysis holds true, will turn profitable soon, or even before you finish accumulating. Another strategy could be to buy a unit everytime the price halves, but you will have to project for many halvings so that you won't spend your full allocation. To spend the rest, you could use trend following and buy in an uptrend.
The recent breed of bulls rather chooses to believe in singularity and 300k USD this year though, and that's why we had the bubble.
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If you are not out, get out.
If its going down then the winning strategy is to buy more. Thats the difference between the winners and the losers. The losers buy high and sell low, the winners do it exactly the other way around. There are many timeframes and many winning strategies. Unless people are ready to lose 100% and hold for YEARS like I said before, I would advise against counter trend strategy. When the trend reverses up, you will a) have minimized your risk and b) probably have more Bitcoins. For anyone who doesn't like to trade at all though and wants a Bitcoin position I agree, dollar cost averaging is the way to go. |
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Oh, now I see what he was saying. I don't think those sudden buys are mostly for the longer term. If their trades don't work out, they sell. And even if so, we are going down despite it. Don't get me wrong, I'm bullish on the long term myself. It will be much easier to act on that once this bubble nears finishing deflating. |
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How hard is it to believe that a good number of the whales are smart, savvy geeks like us who can see the incredible potential, but with just a fuck ton more cash? And they throw in a few % of their net worth to hold for the next few years... and everyone in the wall thread is like OH SHIT 10K BUY haha
img: http://www.sierrachart.com/image.php?l=1372413721617.pngSmart money so clever! Smart money, trading against the trend. Check out the bold dude, they might be laughing at you soon Don't understand what you are trying to tell me. I just showed you why 10k or 20k buys change nothing as long as they're against the trend. |
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How hard is it to believe that a good number of the whales are smart, savvy geeks like us who can see the incredible potential, but with just a fuck ton more cash? And they throw in a few % of their net worth to hold for the next few years... and everyone in the wall thread is like OH SHIT 10K BUY haha
 Smart money so clever! Smart money, trading against the trend. |
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I don't know why people keep looking at 2011 and tell me "this time it's different".
If this time is different, then it's because it's worse.
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Unlike Nagle, I am a long term bull. Unlike Nagle, I've done well for myself. But I'm certain that most people who pretend to be long-term bulls will be selling at $40. USD withdrawal lock on MtGox is causing the 'dysfunctional' behaviour of the market right now, there's not much more to it than that really I'm aware. Just saying that Bitstamp has been leading MtGox prices on the way down for a while ever since they decoupled. |
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You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long? Look around you, does it seem that world is changing fast or superfast? Bitcoin will die or it will go to the moon and it will not take years (it's possible, but not even close to likely).
I've seen all this happen in 2011 before and it's happening again. So yes, it's easy to predict the most likely general course of things. People's psychology, emotions and sentiment do not change fast, and habits don't change fast either. It's not a singularity, and that notion is the greatest lie ever. |
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Only if you didn't buy back in. The point is that you have that choice during a downtrend.
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