I feel a bit embarrassed I didnt' know hodl is no longer cool
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Dam I forgot to look at my shit Will try again tomorrow
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Well I've added a bit more to my stack for first time in a long time. Feels like bitcoin is coiled up ready for a big move, I'm hoping up, but I guess it could be down. Have reserved a little fiat if it does go down
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I don't understand 'the bottom is zero', I hear it quite often. Yes its true the real actual bottom it could ever be is zero, so the top is infinity too by similar logic. Price is bound between zero and infinity by laws of maths.
By bottom I mean the bottom of this current bear trend originating from the all time high before it starts rising again unless you think this time it is on a death spiral to its ultimate demise
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I am struggling to find if there is a co relation between quantitative easing and the bitcoin bubbles
Did the quantitative easing money flew into bitcoin?
A project where some money was diverted into cryptocurencies
Its an interesting topic for discussion. My feelings are that almost all the QE money is going into stock market and bonds which are really 'paper' assets by which I mean endorsed by banks and governments, and supportive of the fiat ponzi scheme. Any QE fiat that is 'leaking' into bitcoin would be accidental and definatley not intended, same goes for gold and silver of course which are being suppressed as if their lives depend on it. Banks and high finance are still hostile to bitcoin from all appearances and loathe to surrender the power to create any amount of money supply they fancy, which is a LOT. Into the trillions now!!! Will it reach quadrillions? Have you seen the infographics of how big a trillion is? The central banking system as i see it is really a network controlled and overseen by groups like 'The Bank of International Settlements' and the 'International Monetary Fund' which although sound legit and important are really propoganda and used for purposes of repression of the non chosen countries. Who is really behind those organisations goes into consipricay theory so you are obviously crazy to even mention it! And central banks are nothing more than Inflation machines, backed by an owned media they have people convinced that inflation is necessary. Central banks guarantee to steal 2% per year of your wealth through inflation. But this is a GOOD thing, to 'help the economy'. I think the last bitcoin bubbles were fueled mainly by the same old things like human emotion and greed, over enthusiastic spectulators and supported by trading bots. The story of things like Cyprus helps support it but really its greed.
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I think we'll test the 500's, not be able to pass it and go down again for a while, then the next try will be the good one that stablishes 500 as new floor.
could be so, but historically speaking, a new floor is usually about 1/5th of the previous peak, and lower than that is no exception. so if 500 is to be the new floor to stabilize at, that would mean the next peak, after finally breaking 500, would be at least 2500. This kind of aligns with my thinking too, on the first chart i have put the arrow up to around that level, just under actually, which kind of reaches where looks like there might be a parallel trendline. Waving my arms around and looking at tealeaves, it wouldn't suprise me if price starts to fade again after failing to push through. On gut feeling I think there will still be a year or more to wait for the next parabolic bubble.
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The next US government auction of silk road coins could crash the price. When the winners start dumping it could spark enough panic selling to go below 160. The auction is penciled in for the first quarter of this year.
So they first buy them at 200 and then dump them at <160? Ah, I see, it makes sense. We never found out what price the last auction winners paid, but it must have been well below market price because they were happy to dump for whatever they could get. Do you have proof that the buyers dumped their coins? I don't think they did actually unless you have some proof, otherwise I take it as speculation. The price crashed from about 380 at the time of the auction announcement. After the winners got their coins it crashed right down and has not returned to 380 yet. I assume that was partly due to the winners dumping, although Its just speculation. As I said we don't know what they paid so we can only speculate on how much they paid and if they dumped. However the accompanying price crash is quite a big coincidence if it was not caused by them dumping. I find that quite a believable scenario, for me attempts to suppress price is a bullish signal. Maybe we should be saying, thanks for the opportunity to buy more cheap bitcoin. Once the bitcoin train starts rolling again you don't want to miss out.
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Heres another bullish idea. I'm full of bullish ideas today The two areas highlighted with rectangles look remarkably similar. Look what happened after the first one.
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Thanks for the comments ! at this point it seems like if any one whale decided to get out, we could see double digits. maybe only for a few hours or days, but it definitely seems possible.
Not sure why a whale would suddenly get out, I think it might be more likely whales will suddenly go in. But I confess to being a bit of perma bull
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There are several significant lows on that same lower trendline including the low point after the April 2013 'mini' bubble collapse, the bottom of the silk road siezure panic sell off and the wierd btc-e flash crash. If I'm not mistaken MtGox collapsed roughly to this level too in its death throws. So was that the bottom? Any thoughts you'd like to share ? Not against bearish opinions but please sensible discussion not ' ooo you don't know how to draw lines'
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Hodl + try to accumulate a bit more near the bottom
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Just curious as to your thoughts on this recent decline in trading price. Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soon Thanks for your insights. SJ I don't think so , I think bitcoin price will be 200-220 for a long time Totally agree very unlikely to return to $1 per bitcoin
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How can i change my avatar. I keep seeing a message that its not possible!?
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There is a downtrend but I'm thinking more in terms of when to go long
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why do you think another year of declining prices?
AF Bitcoins Charts and Analysis
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I don't really understand the psyche of the bitcoin bear. Presumably you all want to accumulate fiat by shorting the shit out of bitcoin? Or do you have an altcoin in mind that is vastly superior? If you are accumulating fiat I hope you are putting it into hard assets and not leaving it in a bank. Fiat is destined to fail. Anyway in my view you should hold those bitcoin. If you have more money to invest I'd consider accumulating some physical gold and silver bullion which are also protection from the fiat/central banking system which is destined to perish in a very ugly way. Heres a reminder what happened in 2011. Bitcoin died then too. This is what that bubble looks like now, marked with pink hand pointer
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Thanks for the advice fonzie
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Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org!
"Fonzie" is that the name of a muppet ? Sounds quite appropriate.Those lines aren't arbitrary btw, carefully plotted Heres another version specially for you. Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom? Like this ? Thats an interesting slope!
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Just because there's a line there doesn't mean it can't go around it. I'm pretty sure the bubble to $1000 broke some trend lines. Once Wall Street got involved, a lot of the past trend lines for Bitcoin don't mean shit. It's a new ball game.
wallstreet is pipedreams. You notice correctly: it was a bubble Question: when in history did speculative bubbles repeat a second time on the same thing after collapsing? Never. .. Silver? The Dow? Bitcoin in 2011 ... Bitcoin in 2013/14 repeated bubble ...
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