Um no... I'm sure that will have absolutely no impact on the price, whatsoever  |
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You've got to remember, this whole down spiral started on the back of America's recovery.
Bitcoin is a hedge against other investments.
There's only one way we can go with this, and that is.... DOWN.
Same with gold, pull your profits while you can!
bitcoin is not a mature market, it still has room to grow whereas gold.... Agree. A lot of work is needed first though. Bitcoin doesn't do much yet |
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You've got to remember, this whole down spiral started on the back of America's recovery.
Bitcoin is a hedge against other investments.
There's only one way we can go with this, and that is.... DOWN.
Same with gold, pull your profits while you can!
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Also, a general rule of thumb is that any sudden or very rapid price change will face a correction. It happened with the huge slide down, and it'll happen with the big increase now.
you seem to be ignoring the rapid price change from $100 down to $70, which is correcting back to the norm now that speculators window is closing. I believe the next course is $100-$120 which is the natural range. especially with mtgox USD withdrawals coming back, winklevii ETF and mtgox's new platform. Yeah that's a good point, but we've been seeing progressively lower peaks and lower lows. My guess is the trend is still down and that the $100-$120 is reaching a bit far atm |
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I wouldn't doubt a big whale shit this weekend. I'm actually betting on it.
It's really a great time to shit. Price is the best it's been in a week. |
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bitcoin has risen versus all other currencies as well. Bingo. This isn't about USD. It's all about BTC. BTC was undervalued due to USA government/MtGox problems. The market corrected itself. Of course it had, because the wall collapsed so people started buying. End result BTC up higher than it should be in all currencies. See if the % rise is equivalent to the Euro, it shouldn't be. USD % rise should be higher. |
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The value of the USD dropped!
Let me tell you a story.
Once upon a time in bitcoin land we were sitting on the fence at around $79/BTC, a big $600k wall stood in between us and the 80s.. Then BOOM! Ben Bernanke drops the bomb, America ain't doing so well after all...
The USD plummets, shedding 2%. But nothings happened to our bitcoins, the fundamentals are still strong, they are still as intangible as ever..
So bitcoin is worth exactly the same, but the USD is not. In fact at the current prices for the USD, BTC should easily be worth $80.6.
Only one problem there's a massive $600k sell wall at 80.... Actually, that's not a problem at all... In fact it's great news!! A massive opportunity, that means I can buy coins at 60c under what should be the value...
Wooosh lets buy up those cheap coins!!
Speculator... "Woah what's going on here... somebody just bought straight through that wall... They must know something... BUY BUY BUY"
More speculators "BUY BUY BUY"
More speculators "BUY BUY BUY"
$90/BTC!!!
Where to from here?
Has this little event driven up the price of BTC for good? Or are we going to see a massive splashdown in this weekends dip?
My bet is the 90 wall is going to hold, and people will start pulling their coins once the big fish who are keyed in on this kind of thing do.
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I think it's reasonable to expect there to be another bubble at some point in the future, history tends to repeat itself. It might be one or two years.
Bubbles coincide with euphoria, and for that to happen we obviously have to shoot higher than the current bubble did (nobody is going to get excited for $260 again - we need to go much higher.) Maybe passing $1000 will be the thing that TRIGGERS the next bubble, I don't know.
Haha... I'd get excited for $260 again... Very excited!!! |
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Haha...
Well looks like I was wrong.
I was selling to buy cheap.
Anyway I've got a new strategy now. Buy buy buy, and hold the more it drops.
The price is cheap any way you look at it. Don't care how far it's going to drop now, I'm not selling just going to pump more in as it gets cheaper!
ok say you average down til it goes to 30. then goes sideways for 2 - 3 years. you lost money. that is a waste of your time and your money. but maybe that's fine when you're risking a few hundred i guess. edit: if you really want to speculate and are willing buy and hold, i would go for xrp. Well sure I'd lose money in that case, but I've got to treat this as a high risk investment. I don't think it's going to do that, I think there is a lot of potential in BTC that is on the verge of being realised. I've just sent some more money to Gox and my BTC holdings will total about 3-4 months salary once all is said and done. I'm not a good saver or investor but when I look at bitcoin it looks like one of the few things that has potential to make me richer. Sure I could spend that money on a new car but that's never going to make me rich. While the odds aren't great, this just might. |
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Haha...
Well looks like I was wrong.
I was selling to buy cheap.
Anyway I've got a new strategy now. Buy buy buy, and hold the more it drops.
The price is cheap any way you look at it. Don't care how far it's going to drop now, I'm not selling just going to pump more in as it gets cheaper!
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More innovation involving bitcoins is just what we need. I can't wait to see what comes about from this.
Yeah me too. Bitcoin has so much untapped potential. I wish I didn't have to work and could spend all my time building BTC apps. Got some great ideas |
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70 will hold..
The price was 100 less than a week ago. and we've bounced back from 80 before, all you guys who are holding out for 50-60 I think are going to be sorely disappointed.
You'll see, it won't be long before those bid start rising
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At least for now... That's my prediction gents. Don't think we'll even touch it, but please sell down to 71, as I've got a buy order set  |
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Makes sense, there is not room for 100's of BTC crowdfunding sites. If this is bullish news, its mainly about that many people learn about BTC rather than the end products ATM. In the real world they might be converted to fiat-projects. Hey guys, like I said. I am actually taking the course, and I can tell you that every student has to do that project. I think you guys are misinterpreting what is meant by one in that sentence, because if you click on the link there is a screenshot of the course logistics slide and you can see that the final project is a bitcoin self-starter. Every student will be doing the same thing. You're 100% right, there isn't enough room for 100's of BTC crowdfunding sites, but that's not the point of the course. The point of the course is to be able to build one, and then promote it in the real world. It's a competition to see who does best, in reality most startups do fail. But startups are all about failing fast, and failing cheap. As far the 3-4 man groups goes, the lecturer stressed in one of the lectures that he'd prefer that people work individually. Although I think some collaboration is allowed not sure yet. Anyway feel free to believe me or not. If you go enroll in the primary source (the course) you can see exactly what is going on. Hopefully, I can count on you guys will help me with my own crowdfunding site when the time is right |
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And thanks to btceic for finding and posting that. |
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How is that even relevant to Bitcoin?
Do you even read threads before you post? Most of the time. If OP had linked the blog in above post I wouldn't had complained. edit: And where is the 140,000 number coming from? edit2: I suspect it's OPs ass... I am taking the course. It's in the course announcements. The homework deadline was delayed because another 15k students signed up. Around that time afaik the course already was running at around 120-130k enrolments. Hence 140k. |
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