|
Cybertron00
|
 |
June 15, 2016, 02:12:31 AM |
|
With the supply getting neutered in half I really am not even going to be sad if somehow people start dumping during the days of the halving. Simple supply and demand means that the price will rise basically no matter what kind of instant sell pressure there happens to be along the way.
I agree with you because thats how bitcoin always work. Pump then dump then pump again then dump again. Like an endless cycle. |
|
|
|
|
|
|
|
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
tabnloz
Legendary
 Offline
Activity: 961
Merit: 1000
|
|
June 15, 2016, 02:25:34 AM |
|
It's a bull run until it is not.
Up, retrace, up, retrace, consolidate, up, retrace.
Don't fight it until it breaks.
|
|
|
|
|
|
fearlesscat10
|
|
June 15, 2016, 04:42:32 AM |
|
With the supply getting neutered in half I really am not even going to be sad if somehow people start dumping during the days of the halving. Simple supply and demand means that the price will rise basically no matter what kind of instant sell pressure there happens to be along the way.
Yes, yes. Agreed. It isn't really a question whether bitcoin will rise or not. It will definitely rise. The question is, what will be the price be after halving? |
|
|
|
|
Cyaren
|
|
June 15, 2016, 07:12:03 AM |
|
It's a bull run until it is not.
Up, retrace, up, retrace, consolidate, up, retrace.
Don't fight it until it breaks.
I think it is only sensible that you cashout your earnings when you think that it is becoming somewhat of a bubble. However, I don't think we've seen the highest price yet. I follow your advice r0ach and certainly have bene richer  |
|
|
|
|
pereira4
Legendary
Offline
Activity: 1610
Merit: 1183
|
|
June 15, 2016, 11:53:11 AM |
|
Hey r0ach, you fucking shill, how high is this rally taking us? You think we will pass ATH this year?? A lot of people is about to become very, very rich.
I better be one of them... I'm tired of not being rich. 60 bitcoin won't get me rich anytime soon though Well, 60 is not enough to become rich soon, but in 10 years anyone holding 60 BTC will be rich. Hell anyone holding 21 BTC will be rich. But the thing is, most people will have sold by then, and fewer and fewer people will own whole BTCs, so chances are you will not make it due selling too soon. |
|
|
|
|
|
jaredboice
|
|
June 15, 2016, 12:39:43 PM |
|
Hey r0ach, you fucking shill, how high is this rally taking us? You think we will pass ATH this year?? A lot of people is about to become very, very rich.
I better be one of them... I'm tired of not being rich. 60 bitcoin won't get me rich anytime soon though Well, 60 is not enough to become rich soon, but in 10 years anyone holding 60 BTC will be rich. Hell anyone holding 21 BTC will be rich. But the thing is, most people will have sold by then, and fewer and fewer people will own whole BTCs, so chances are you will not make it due selling too soon. Anyone who makes it to 2026 with double digit bitcoins will be considering retirement. I would say it would just depend on their age, lifestyle, and debt. Then again this could be entirely conservative |
|
|
|
|
r0ach (OP)
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 15, 2016, 03:22:57 PM |
|
That was interesting. Just like at the start of the rally when the west originally hit $480, the west just became more bullish than China and converged upwards while China was asleep, temporarily reaching higher prices than China with the west forming an upward channel at the same time.  |
|
|
|
r0ach (OP)
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 17, 2016, 08:21:24 AM |
|
There's my current play:  Original margin entry was $440  |
|
|
|
|
nururochac
|
|
June 17, 2016, 01:23:25 PM |
|
With the supply getting neutered in half I really am not even going to be sad if somehow people start dumping during the days of the halving. Simple supply and demand means that the price will rise basically no matter what kind of instant sell pressure there happens to be along the way.
I think thats how it really goes, even people try to dump the coin if theres new user his getting interested and bought its still a demand. As long as we have buyers the demand is still there and doesnt affect much of the bitcoin's price to fall down. |
|
|
|
|
helloeverybody
Legendary
Offline
Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
|
|
June 17, 2016, 07:59:50 PM |
|
Ive not been in the bitcoin game for long but long enough to notice that after every pump usually there's some form of bad new delivered that lowers the price and then many people call the end of days for bitcoin, this goes on for a while and i even think to myself maybe i should sell. But i hang on in their and then we get another pump and all is good again.
|
|
|
|
|
Gillette
|
|
June 21, 2016, 01:44:45 PM |
|
Are we fucked r0ach?  |
|
|
|
|
r0ach (OP)
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 21, 2016, 11:06:21 PM |
|
Last trade:  |
|
|
|
|
MatTheCat
|
|
June 23, 2016, 02:14:33 AM |
|
is crypto done??? |
|
|
|
r0ach (OP)
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 23, 2016, 04:37:12 AM |
|
Welp, I luckily didn't all in at $650 and dollar cost average my rebuys all the way down. That was the scammiest drop I've ever witnessed. The shorts at low levels were completely irrational when they know there's nothing on sell side walls for them to cover with. They were basically setting their money on fire solely to try and lower price at that point when their rebuys would just take them into a loss and back up to over $600. Then you have insanely scammy stuff like this on BTCE while the price was still over $600 on other exchanges:  |
|
|
|
|
dumbfbrankings
|
|
June 23, 2016, 04:46:23 AM |
|
Welp, I luckily didn't all in at $650 and dollar cost average my rebuys all the way down. That was the scammiest drop I've ever witnessed. The shorts at low levels were completely irrational when they know there's nothing on sell side walls for them to cover with. They were basically setting their money on fire solely to try and lower price at that point when their rebuys would just take them into a loss and back up to over $600. Then you have insanely scammy stuff like this on BTCE while the price was still over $600 on other exchanges: Lel, u don't get to cry scam(!) after surprise Butsecs like that. Or, you can, but you shouldn't, makes you look'a' cuck. It's just business. Cheers, expensive lessons are the best ones. Welp, bought more at $600. Dollar cost averaging saves the day.
  |
|
|
|
|
r0ach (OP)
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 23, 2016, 05:00:53 AM |
|
Lel, u don't get to cry scam(!) after surprise Butsecs like that. Or, you can, but you shouldn't, makes you look'a' cuck. It's just business. Cheers, expensive lessons are the best ones.
Oh yea man, such an expensive lesson selling at the top and dollar cost averaging buys all the way down and ending up with 3x more than what I started with lol. Nice try shill account created in May 2016. |
|
|
|
r0ach (OP)
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 23, 2016, 05:52:53 AM |
|
This article has some insanely high digits: "if even 1% of funds currently sitting in offshore accounts were transferred to bitcoin, the value of this virtual currency could increase substantially. Since the number of Bitcoins in circulation is currently capped at 21 million, if these billions of offshore dollars migrate to that cryptocurrency, the worth of a single bitcoin could rise from $580 to nearly $3 million."http://motherboard.vice.com/read/bitcoin-might-make-tax-havens-obsolete |
|
|
|
|
dumbfbrankings
|
|
June 23, 2016, 05:55:11 AM |
|
This article has some insanely high digits: "if even 1% of funds currently sitting in offshore accounts were transferred to bitcoin, the value of this virtual currency could increase substantially. Since the number of Bitcoins in circulation is currently capped at 21 million, if these billions of offshore dollars migrate to that cryptocurrency, the worth of a single bitcoin could rise from $580 to nearly $3 million."http://motherboard.vice.com/read/bitcoin-might-make-tax-havens-obsoleteAnthony: Fact: Dignan, the picture's not doing it for me right now. Dignan: Well does the fact that I'm trying to do it do it for you? |
|
|
|
|
|
tertius993
|
|
June 23, 2016, 07:44:36 AM |
|
Lel, u don't get to cry scam(!) after surprise Butsecs like that. Or, you can, but you shouldn't, makes you look'a' cuck. It's just business. Cheers, expensive lessons are the best ones.
Oh yea man, such an expensive lesson selling at the top and dollar cost averaging buys all the way down and ending up with 3x more than what I started with lol. Nice try shill account created in May 2016. I'd love to see the maths that shows how selling at the top and "dollar cost averaging buys" across a ~30% drop gives you 300% of what you started with. |
|
|
|
|
r0ach (OP)
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 23, 2016, 07:49:44 AM |
|
Oh yea man, such an expensive lesson selling at the top and dollar cost averaging buys all the way down and ending up with 3x more than what I started with lol. Nice try shill account created in May 2016.
I'd love to see the maths that shows how selling at the top and "dollar cost averaging buys" across a ~30% drop gives you 300% of what you started with. This thread is a continuation of: Lose all your capital fast, with MatTheCat and his TA 101A!https://bitcointalk.org/index.php?topic=1442399.0We've been trading the rally up and down since $440...on leverage of course. |
|
|
|
|
