Once we officially bust through the ATH, there's no coming back. Don't hate.
No hate here, but I'm on the fence about that. I have no idea what the market will look like when we see a reversal. |
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Well, at least you're honest about your greed!  Welcome to the forum, and good luck investing / trading! |
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No sovereign government will give up their right to print money. That's the type of thing that governments don't do -- it is virtually their greatest power.
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Good luck mining! A little jealous, here, but hey, I just can't take the risk of speculating on future difficulty.
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If planning to hold long term, anytime is a good time. If you are going to fret day to day over the price, consider not putting all your eggs in one basket.
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I remember as of a few years ago, there was no income tax for amateur gamblers, right? Should probably consult a tax professional. But my logic tells me -- no tax on winnings, but there is tax on the capital gains while holding your coins. No idea, though -- not advising anyone.
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This price rise is clearly sustainable and will continue for the rest of time  You bearish? Somebody give me some bearish analysis. I want to be a bear so bad... I want to see prices in the $130s... Seriously.  |
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I don't see OP as a good basis for this, but I also don't view bitcoin as a currency as it is not really used as a medium of exchange. Dollars are generally used as the medium of exchange for bitcoin. This is similar to gold -- also not a currency. Especially with SR gone... Bitpay is most of the economy, and Bitpay bases everything on dollars.
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As long as they denominate our income in dollars and enforce taxes payable only in dollars, we are trapped. |
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Boom, bubble, whatever. Just semantics. There are extremes on both sides. What bothers me about the "not a bubble" crowd is that -- like the converse -- you can only state this after the fact. So let's wait and see. |
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Yeah, it's easy to forget when you sign up (since most services don't have a PIN) that your wallet is basically locked/useless without your PIN, as you can still log in and see your balance.
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On Gox a million USD dump would still only go down just under $200. This would be a normal dump and most likely recovered in an hour or so.
5k would have been a normal dump 6 months ago. 5k is a massive dump now and no way would the price recover in one hour, especially if done on one exchange. Panic would probably kick in. How much money is invested to BTC we can only dream about it Oh? What was that that happened October 23rd (6 days ago)? An instant 25% drop in price (Gox), but no panic? Hmmm. 6 days ago i saw that , and than ppl start buying BTC. There will be small dump in price but we will see Point is, the question is whether or not we will see massive dumps. If we do, there is no doubt we'll see panic selling. How big were the dumps that marked the reversal at $233 Gox? I don't remember... |
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Also good news because you are not full anonymous with bitcoin.
You can be fully anonymous if you want to, using tor. Wow. I feel bad for all the newbs that believe this -- it seems to be a prevalent attitude. |
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On Gox a million USD dump would still only go down just under $200. This would be a normal dump and most likely recovered in an hour or so.
5k would have been a normal dump 6 months ago. 5k is a massive dump now and no way would the price recover in one hour, especially if done on one exchange. Panic would probably kick in. How much money is invested to BTC we can only dream about it Oh? What was that that happened October 23rd (6 days ago)? An instant 25% drop in price (Gox), but no panic? Hmmm. |
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very strong bullish move, bitcoins not for trading, for long term storage..
Too valuable/risky to spend ? In this scenario would it continue to be a useable currency. The protocol doesnt care what we think, it continues to function. Someone who doesn't understand software/computers/Bitcoin very well could think the "protocol" is some sort of bible or god and we are religious fanatics. To be fair, understanding of computers and bitcoin aside... many bitcoiners are religious fanatics, by all appearances. |
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On Gox a million USD dump would still only go down just under $200. This would be a normal dump and most likely recovered in an hour or so.
5k would have been a normal dump 6 months ago. 5k is a massive dump now and no way would the price recover in one hour, especially if done on one exchange. Panic would probably kick in. |
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Anyone's guess. Depends how fast price moves. I think it's up from here, but there's the possibility that this rally loses momentum sooner than later.
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What does it mean exactly that it's listed there? That it is making its way to the market. That the twins have bought something like one hundred thousand bitcoins - at what price, we don't know - and are about to cash out some of them. Still kind of confused as to what this means for the market exactly. |
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Is there a critical mass so to speak where, holders of huge amounts of coins will diminish through these mass sell-offs and we will reach a point when the price can continue to rise almost uncontrollably?
Its assumed that there are still some fat cats out there with large stores of coins, and that the mining companies have huge stores, but everytime someone sells off a few thousand coins the wealth is dispersed into a possibly more long-and-bullish crowd. Causing price rallies that go so high even I consider dumping my measly stash.
What do you think?
I think sell-offs are more as result of herd mentality than people with large stashes. Large holders are motivated to avoid dumping large amounts, so I think the danger is low. Furthermore, it is the panic that follows is what really drives down the price. As a result, I don't think that fewer large holders will change anything. There will always be sell-offs, and we will never reach a point when "the price can continue to rise almost uncontrollably." Plus, the perception that a price will always continue to rise is a primary cause of a bubble -- we really don't want to reach that point. I agree with this. It doesn't take much in the way of dumps to start panic selling, which is fueled by all the fish. |
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