Bitcoin Forum
September 20, 2017, 07:54:15 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 [80] 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 ... 191 »
  Print  
Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 594618 times)
JayJuanGee
Legendary
*
Offline Offline

Activity: 1288


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
June 12, 2014, 08:24:23 PM
 #1581

JayJuanGee: Keep cool, you are doing well.



Sometimes my posts do get a little long...  and hopefully I can keep them shorter....  Cool

1505937255
Hero Member
*
Offline Offline

Posts: 1505937255

View Profile Personal Message (Offline)

Ignore
1505937255
Reply with quote  #2

1505937255
Report to moderator
1505937255
Hero Member
*
Offline Offline

Posts: 1505937255

View Profile Personal Message (Offline)

Ignore
1505937255
Reply with quote  #2

1505937255
Report to moderator
          ▄█████▄
        ▄█████████▄
      ▄████▀   ▀████▄
    ▄████▀   ▄ ▄█▀████▄
  ▄████▀   ▄███▀   ▀████▄
▄████▀   ▄███▀   ▄   ▀████▄
█████   ███▀   ▄███   █████
▀████▄   ▀██▄▄███▀   ▄████▀
  ▀████▄   ▀███▀   ▄████▀
    ▀████▄       ▄████▀
      ▀████▄   ▄████▀
        ▀███  ████▀
          ▀█▄███▀
.
|
.
|
          ▄█████▄
        ▄█████████▄
      ▄████▀   ▀████▄
    ▄████▀   ▄ ▄█▀████▄
  ▄████▀   ▄███▀   ▀████▄
▄████▀   ▄███▀   ▄   ▀████▄
█████   ███▀   ▄███   █████
▀████▄   ▀██▄▄███▀   ▄████▀
  ▀████▄   ▀███▀   ▄████▀
    ▀████▄       ▄████▀
      ▀████▄   ▄████▀
        ▀███  ████▀
          ▀█▄███▀
unthy
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1505937255
Hero Member
*
Offline Offline

Posts: 1505937255

View Profile Personal Message (Offline)

Ignore
1505937255
Reply with quote  #2

1505937255
Report to moderator
Erdogan
Hero Member
*****
Offline Offline

Activity: 798


View Profile
June 12, 2014, 08:30:26 PM
 #1582

JayJuanGee: Keep cool, you are doing well.



Sometimes my posts do get a little long...  and hopefully I can keep them shorter....  Cool

I just suspected that the long articles was because you are still underwater and leveraged... Smiley

Cryddit
Legendary
*
Offline Offline

Activity: 840


View Profile
June 12, 2014, 11:50:29 PM
 #1583

JayJuanGee: Keep cool, you are doing well.



Sometimes my posts do get a little long...  and hopefully I can keep them shorter....  Cool

Do what I do.  Every time you make a long post, check it.  If you can read it back and still think you weren't just blathering, then it should go up on a blog!

JayJuanGee
Legendary
*
Offline Offline

Activity: 1288


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
June 12, 2014, 11:51:46 PM
 #1584

JayJuanGee: Keep cool, you are doing well.



Sometimes my posts do get a little long...  and hopefully I can keep them shorter....  Cool

I just suspected that the long articles was because you are still underwater and leveraged... Smiley

O.k... You seem to be saying that your post was an attempt to be patronizing, by suggesting that I am allowing the emotion of my own position to influence my framing of issues.  Accordingly, it seems that you have NOT read much, if any of my posts.  Possibly you were skimming.. .and figured that you could contribute in your post by getting a quick assessment of the situation?

I have been pretty clear about describing my personal position and my investment strategy(ies) in this and other threads... including that my average cost per BTC is about $614.. and I am continuing to add to my position.

My portfolio was in the red for quite a while from most of February through most of May, but so fucking what?  My portfolio was also in the black from May 30 until today, but so fucking what?

I do NOT post here in order to attempt to influence the direction of the BTC market - at least NOT in any short-term way...   On the other hand, I am fairly optimistic about the long-term prospects of BTC, and I have NOT been too worried about my investment strategy for the long term and given the fundamentals of BTC and the whole hell-a-va lot of infrastructure developments.

I remain optimistic that I am going to be personally coming out ahead on my investments b/c I tend NOT to trade, and I bring down my average price per BTC when the prices get lower.  Accordingly, even if my personal portfolio stays in the red for 6 months more months, that would NOT cause me from believing that the price is likely going to appreciate considerably - and my own expectations are fairly conservative (within the 6% per year range)... but I need NOT go into further details about those kinds of considerations with you, b/c you probably do NOT read details of any post (or understand them) before you reach or at least you propagate what you proclaim to be your various conclusions / assumptions about the motivations of other posters.


JayJuanGee
Legendary
*
Offline Offline

Activity: 1288


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
June 12, 2014, 11:58:05 PM
 #1585

JayJuanGee: Keep cool, you are doing well.



Sometimes my posts do get a little long...  and hopefully I can keep them shorter....  Cool

Do what I do.  Every time you make a long post, check it.  If you can read it back and still think you weren't just blathering, then it should go up on a blog!




You are quite funny.  

I did NOT make any suggestion that i was blathering...  that is your additional idea......  And, i was NOT asking for any suggestions about how to shorten posts b/c if I wanted, I could make shorter posts. 

Nonetheless, I do concede that some of the ideas that I share in some of my posts may have been made shorter or that the length of such posts may be more than the tolerance of others.  If I were writing a book or a published article, then I may employ different considerations... sometimes I read back through my posts, and other times I do NOT.. depends upon how I feel and how complicated that I consider the ideas of the post to be.

KeyJockey
Hero Member
*****
Offline Offline

Activity: 489



View Profile
June 14, 2014, 08:10:20 PM
 #1586

Personally, I believe that a lot of investors in bitcoin expect bitcoin to be a great holder of value, so long as it achieves mass adoption, and maybe in that regard, and even if bitcoin gains 50% value each year, then you would NOT need to worry about eating away at the principle, so long as the asset (bitcoin) is sufficiently increasing in value.... and 50% is a very decent appreciation.. .yet we have to continue to monitor bitcoin to find out if it is going to continue to appreciate in very high amounts.  I believe it is pie in the sky to expect 5x to 10X returns per year in the coming years; however, it is NOT beyond the realm of possibilities... So I would NOT be totally shocked if it did return somewhere between 5x and 10x in the coming years - nonetheless, I personally am NOT going to bet the farm on it, b/c that is NOT my investment style or risk tolerance.

I found this (written by Melbustus) in another thread here on the forum :: https://bitcointalk.org/index.php?topic=636288.msg7093618#msg7093618

...which to me seems very relevant to this discussion, so I'm copying it here (but mods, please delete if it's off topic? Not sure...)

Quote
Melbustus
Hero Member
*****
   
Re: what caused the rise to $1100 last year?
June 02, 2014, 05:52:55 PM
   
Bitcoin is a finite-supply asset with a potential market size as big as the planet. Every 6-18 months since trading began in 2010, there have been these huge boom phases where new groups of people discover bitcoin, read up about it, and realize that's it's near-perfect electronic cash; something that had not been possible until bitcoin. Then other less-diligent people pile on.

Bitcoin has potential applications for ultimately handling huge payment volumes across the internet, as well as replacing some portion of traditional store-of-value assets (gold, silver) since it exhibits all of the same properties without the tangibility bug.

So there are these phases of people realizing the above and buying bitcoin, which then creates a positive feedback loop which eventually starts to suck in get-rich-quick folks and momentum traders who don't really understand the above but just see an asset appreciating in value and they don't want to miss out. So those crazy spikes occur.

The boom/bust cycle is likely to continue happening until one of two things occurs:

1. ) Bitcoin achieves a large enough market-cap and user-base that everyone who is going to has heard of it, researched it, and understands it to a reasonable degree.

2. ) Bitcoin fails completely (either an unresolvable technical issue, or governments all over the world coordinate in an extremely aggressive crackdown with far-reaching consequences for western-style freedom and democracy in general).


FOR ME, it's well-written and knowledgable "big picture" comments like this, that encourage me to feel confident "betting the farm" (MAYBE?) on bitcoin, for my future financial security. 

Option #2 above really seems unlikely to me, at this point.  Any serious flaw in the bitcoin code will be FIXED come hell or high water. There's too much at stake for all the world's best brainpower (and VC money etc) to just let it roll over and die.  And the "government attack" catastrophe also seems unlikely to happen, since doing that will IMHO cause them more problems than it solves.

Hence... BITCOIN FTW!! 
Possibly just inevitable and unstoppable, only a matter of how much TIME (?) it will take.

Anyway, I'm still not ALL-IN *yet* but really seriously trying to find a way to get there, ASAP, and in as risk-reduced (but of course not risk-free, which is impossible) a stature & status posture, as humanly possible...
stckpkr7000
Newbie
*
Offline Offline

Activity: 26


View Profile
June 14, 2014, 10:35:31 PM
 #1587

I think you're the only who can answer your question.  I simply dollar cost average in a little every month.  I hope to get up to 100 BTCs eventually, but I guess that depends on price and a continuation of my belief in BTC and it's future.  Scaling in over time and scaling out with appreciation (hopefully) is the way to go in my opinion. 
boumalo
Legendary
*
Offline Offline

Activity: 1162


View Profile
June 15, 2014, 08:33:00 AM
 #1588

I think you're the only who can answer your question.  I simply dollar cost average in a little every month.  I hope to get up to 100 BTCs eventually, but I guess that depends on price and a continuation of my belief in BTC and it's future.  Scaling in over time and scaling out with appreciation (hopefully) is the way to go in my opinion. 

100BTC is a good amount of BTC to enjoy the upside potential

If November/December was a small bubble and we get a new bubble is a bit it may push the price close to 10,000$ then go down to a few thousands

pastet89
Sr. Member
****
Offline Offline

Activity: 294


View Profile
June 15, 2014, 08:51:15 AM
 #1589

Why price started decreasing again?
boumalo
Legendary
*
Offline Offline

Activity: 1162


View Profile
June 15, 2014, 09:34:02 AM
 #1590

Why price started decreasing again?

Silk Road bitcoins returning on the market, China fud, fear of 51% risk and thinking that the probability that the price could go down way more is increasing

The price may go lower but the upside potential is still huge and positive news have been piling up

bryant.coleman
Legendary
*
Offline Offline

Activity: 1554



View Profile
June 15, 2014, 09:35:59 AM
 #1591

Why price started decreasing again?

Two reasons mainly.

1. GHash is approaching the 51% share of the total hash power, despite Bitfury pulling out a few of their rigs from that pool.
2. The FBI is auctioning BTC29,000 this week, which were seized from Silk Road.

                               
           ░▓█████████████████▓░
          ▒▓██▓▓▓▓▓▓▓▓▓▓▒▓▒▒▒██▓▒░
      ░▒▓███▓                 ▒██▓▓▒░░    ░
▓▒███████▓▒        ░▒▒▒▒▒▒▒░    ░▓▓▓██▓▓▓▒▓
▒░██▒░░         ▒▓▓▓▓▒▒▒▒▓▓██▓▒     ░ ▒▓▓░▓
░▒▓█▒         ▒█▓▓▒▒▒▒▒▒▒▓▓▓████▓▓▒   ▒█▓▒▒
 ▒░██        ██▒▒▒▒▒▒▒▒▒▒▒▒▒░▒▒░██▒   ██▒▒
 ▓░▓█▒      ██▒▒▒▒▒▒░▒░░▒▒▒░░▒▓██▓   ▒██░▒
 ░▓░█▓     ▓█▓▒░▒▒▒▒▒▒▒░░░▒▒▓▓▓▓▓▒   ██░▓░
  ▓▒▒█▓  ▓▒█▓▒▒▓▓▒░▒░░░▒▒▒▒▒▒▒▒ █▒  ██▓░▓
   █░▒█▓ ▓███▓▒▒░░▒▒▒▒▒▒▒▒▒▒▒░ ▓█  ██▓ ▓
    █░▓█▓ ░██▓███▓▓▒▒▒▒▒▒▒░▒▒▓██  ██▓░▓
    ░█░▒██  ░ ░▓███████▓██████▒  ██▒░▓
      █▒░██▓      ░▒▒▓▓▓▓▒▒░   ▓██░▒▓
       ▓▓░▒██▒               ▒██▓░▓▓
        ░█▓░▓██▒           ▒██▓░▓█░
          ▒█▓░▓██▓       ▓██▓▒▓█▒
            ▒█▓▒▒███░ ▒███▒▒▓█▒
              ▒██▓▒▓███▓▒▒██▒
                ░▓██▒▒▒███░
                   ▒███▒














Lauda
Legendary
*
Offline Offline

Activity: 1610


GUNBOT Licenses -10% with ref. code 'GrumpyKitty'


View Profile WWW
June 15, 2014, 09:47:47 AM
 #1592

Why price started decreasing again?

Two reasons mainly.

1. GHash is approaching the 51% share of the total hash power, despite Bitfury pulling out a few of their rigs from that pool.
2. The FBI is auctioning BTC29,000 this week, which were seized from Silk Road.
If you read the news on a few sites such as Coindesk, one could have expected this.
Ghash can manipulate the price like this.

          ▄█████▄
        ▄█████████▄
      ▄████▀   ▀████▄
    ▄████▀   ▄ ▄█▀████▄
  ▄████▀   ▄███▀   ▀████▄
▄████▀   ▄███▀   ▄   ▀████▄
█████   ███▀   ▄███   █████
▀████▄   ▀██▄▄███▀   ▄████▀
  ▀████▄   ▀███▀   ▄████▀
    ▀████▄       ▄████▀
      ▀████▄   ▄████▀
        ▀███  ████▀
          ▀█▄███▀
.
|
.
|
          ▄█████▄
        ▄█████████▄
      ▄████▀   ▀████▄
    ▄████▀   ▄ ▄█▀████▄
  ▄████▀   ▄███▀   ▀████▄
▄████▀   ▄███▀   ▄   ▀████▄
█████   ███▀   ▄███   █████
▀████▄   ▀██▄▄███▀   ▄████▀
  ▀████▄   ▀███▀   ▄████▀
    ▀████▄       ▄████▀
      ▀████▄   ▄████▀
        ▀███  ████▀
          ▀█▄███▀
unthy
boumalo
Legendary
*
Offline Offline

Activity: 1162


View Profile
June 15, 2014, 10:43:39 AM
 #1593

Why price started decreasing again?

Two reasons mainly.

1. GHash is approaching the 51% share of the total hash power, despite Bitfury pulling out a few of their rigs from that pool.
2. The FBI is auctioning BTC29,000 this week, which were seized from Silk Road.
If you read the news on a few sites such as Coindesk, one could have expected this.
Ghash can manipulate the price like this.

We lost 100$ out of 670$ so 15% and it may be a bear trap

We are not far away from a huge spike up in price, excitation, big hopes and crazyness

waqas
Sr. Member
****
Offline Offline

Activity: 378



View Profile
June 15, 2014, 12:51:27 PM
 #1594

Why price started decreasing again?

Two reasons mainly.

1. GHash is approaching the 51% share of the total hash power, despite Bitfury pulling out a few of their rigs from that pool.
2. The FBI is auctioning BTC29,000 this week, which were seized from Silk Road.
I think you second opinion is ok for this down fall again because they are selling more then 5000 btc just because of this its going down

boumalo
Legendary
*
Offline Offline

Activity: 1162


View Profile
June 15, 2014, 01:44:17 PM
 #1595

Why price started decreasing again?

Two reasons mainly.

1. GHash is approaching the 51% share of the total hash power, despite Bitfury pulling out a few of their rigs from that pool.
2. The FBI is auctioning BTC29,000 this week, which were seized from Silk Road.
I think you second opinion is ok for this down fall again because they are selling more then 5000 btc just because of this its going down

I think people are thinking that they may be selling 30k or even 30k+144k soon

bryant.coleman
Legendary
*
Offline Offline

Activity: 1554



View Profile
June 15, 2014, 02:34:25 PM
 #1596

I think people are thinking that they may be selling 30k or even 30k+144k soon

Nope. They won't be able to sell the 144K anytime soon. Ross Ullbricht's (DPR) lawyers have filed a civil suit in the court, accusing the FBI of illegally confiscating his coins. The trial is currently ongoing. The FBI won't be able to touch those coins, until the trial is over. The 29K on the other hand, was seized from the Silk Road wallet.

                               
           ░▓█████████████████▓░
          ▒▓██▓▓▓▓▓▓▓▓▓▓▒▓▒▒▒██▓▒░
      ░▒▓███▓                 ▒██▓▓▒░░    ░
▓▒███████▓▒        ░▒▒▒▒▒▒▒░    ░▓▓▓██▓▓▓▒▓
▒░██▒░░         ▒▓▓▓▓▒▒▒▒▓▓██▓▒     ░ ▒▓▓░▓
░▒▓█▒         ▒█▓▓▒▒▒▒▒▒▒▓▓▓████▓▓▒   ▒█▓▒▒
 ▒░██        ██▒▒▒▒▒▒▒▒▒▒▒▒▒░▒▒░██▒   ██▒▒
 ▓░▓█▒      ██▒▒▒▒▒▒░▒░░▒▒▒░░▒▓██▓   ▒██░▒
 ░▓░█▓     ▓█▓▒░▒▒▒▒▒▒▒░░░▒▒▓▓▓▓▓▒   ██░▓░
  ▓▒▒█▓  ▓▒█▓▒▒▓▓▒░▒░░░▒▒▒▒▒▒▒▒ █▒  ██▓░▓
   █░▒█▓ ▓███▓▒▒░░▒▒▒▒▒▒▒▒▒▒▒░ ▓█  ██▓ ▓
    █░▓█▓ ░██▓███▓▓▒▒▒▒▒▒▒░▒▒▓██  ██▓░▓
    ░█░▒██  ░ ░▓███████▓██████▒  ██▒░▓
      █▒░██▓      ░▒▒▓▓▓▓▒▒░   ▓██░▒▓
       ▓▓░▒██▒               ▒██▓░▓▓
        ░█▓░▓██▒           ▒██▓░▓█░
          ▒█▓░▓██▓       ▓██▓▒▓█▒
            ▒█▓▒▒███░ ▒███▒▒▓█▒
              ▒██▓▒▓███▓▒▒██▒
                ░▓██▒▒▒███░
                   ▒███▒














boumalo
Legendary
*
Offline Offline

Activity: 1162


View Profile
June 15, 2014, 03:43:01 PM
 #1597

I think people are thinking that they may be selling 30k or even 30k+144k soon

Nope. They won't be able to sell the 144K anytime soon. Ross Ullbricht's (DPR) lawyers have filed a civil suit in the court, accusing the FBI of illegally confiscating his coins. The trial is currently ongoing. The FBI won't be able to touch those coins, until the trial is over. The 29K on the other hand, was seized from the Silk Road wallet.

You are correct the 29k can be sold and they will be able to sell the 144k as soon as they won the trial

wachtwoord
Legendary
*
Offline Offline

Activity: 1624


View Profile
June 15, 2014, 08:01:33 PM
 #1598

I think people are thinking that they may be selling 30k or even 30k+144k soon

Nope. They won't be able to sell the 144K anytime soon. Ross Ullbricht's (DPR) lawyers have filed a civil suit in the court, accusing the FBI of illegally confiscating his coins. The trial is currently ongoing. The FBI won't be able to touch those coins, until the trial is over. The 29K on the other hand, was seized from the Silk Road wallet.

You are correct the 29k can be sold and they will be able to sell the 144k as soon as they won the trial

They will also have to prove the BTC have been acquired through SR.

Beliathon
Hero Member
*****
Offline Offline

Activity: 784


https://youtu.be/PZm8TTLR2NU


View Profile WWW
June 15, 2014, 09:03:14 PM
 #1599

Why price started decreasing again?
It's like the weather. Chaotic and difficult to predict on a day to day and week to week basis.

Very clear and predictable trend year over year and decade over decade, though. If you can't handle the illusory risk, you don't deserve the very real reward.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
Bit_Happy
Legendary
*
Offline Offline

Activity: 1596


A Great Time to Start Something!


View Profile
June 15, 2014, 09:09:14 PM
 #1600

I am pretty confident we will see prices near $1,000 within less than 7 weeks.  Smiley

Pages: « 1 ... 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 [80] 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 ... 191 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!