The Sceptical Chymist
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August 26, 2016, 11:12:08 PM |
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<snip> If you came into a pile of money would you be throwing some in,<snip>
Yes, absolutely if I had more money I'd be buying bitcoin. I think bitcoin has a lot of upside potential. However I do not claim to know how much potential there is. There are people on this forum who get absolutely giddy when they speculate, and those are the frigging MOON BATS. I am not that way. I used to be very much a skeptic about bitcoin and its appeal did not make sense to me. That was a couple of years ago, and I've moved past that stage and am now a bitcoin bull. But I don't pretend I have a clue where we're headed.
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mOgliE
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August 26, 2016, 11:24:22 PM |
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I think you gonna see a lot of stagnation...
Btc works by crisis. Between two crisis, there is only stagnation.
Btc will be completely stagnating, then goes up again, like the rocket it is.
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spiderbrain
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August 27, 2016, 01:24:19 AM |
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As usual I trust bitcoin more than the banking system, so my risk reduction strategy is to own bitcoins. As to what the price will do? I have no idea. I just sell/buy when I ought to rebalance. Mostly I HODL.
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maku
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August 27, 2016, 02:11:21 AM |
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Oh, since you prodded me I'll spill.
At present I wouldn't bother putting any more money in. The rallies have felt relatively uninspired and I'm not seeing much evidence of anything beyond a bog standard trickle of adoption happening.
My policy is wait and see. If some rumblings about scaling and ETF glimpses don't prod some market twitches then I've no real idea what will. Regular stock markets with stuffy old companies are producing far more action on a day by day basis, let alone forex.
Maybe I'm just bored but so are plenty of other people seemingly. Obviously we're way higher than we were a relatively short period of time ago but that's my pathetic monkey brain lacking perspective.
At this point I am afraid that many bitcoiners share your perspective. Even me. I start to feel little disappointed by lack of serious moves, signs of greater adoption or bright future. Bitcoin is like drifting island in the middle of the sea and we have no idea where we are going. I still that Kim Dot Com will shake bitcoin market in 2017 though.
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Dinki
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August 27, 2016, 08:54:29 AM |
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With the crypto market cap at $11B, one should still be able to make a few bucks out of trading altcoins with bitcoins.
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1Referee
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August 27, 2016, 09:35:52 AM |
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Oh, since you prodded me I'll spill.
At present I wouldn't bother putting any more money in. The rallies have felt relatively uninspired and I'm not seeing much evidence of anything beyond a bog standard trickle of adoption happening.
My policy is wait and see. If some rumblings about scaling and ETF glimpses don't prod some market twitches then I've no real idea what will. Regular stock markets with stuffy old companies are producing far more action on a day by day basis, let alone forex.
Maybe I'm just bored but so are plenty of other people seemingly. Obviously we're way higher than we were a relatively short period of time ago but that's my pathetic monkey brain lacking perspective.
At this point I am afraid that many bitcoiners share your perspective. Even me. I start to feel little disappointed by lack of serious moves, signs of greater adoption or bright future. Bitcoin is like drifting island in the middle of the sea and we have no idea where we are going. I still that Kim Dot Com will shake bitcoin market in 2017 though. It's completely normal for the market to behave like it is doing right now. We've had enoug volatility already. And yes, I am as well not interested in putting more money into Bitcoin. For that to happen the price need to tank significantly as I already have a good number of coins. Also, don't put too much fait in the project of Kim. While the idea is great for Bitcashe, it doesn't mean anything as traders might react completely neutral on it when it launches.
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Denker
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August 27, 2016, 09:44:47 AM |
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As usual I trust bitcoin more than the banking system, so my risk reduction strategy is to own bitcoins. As to what the price will do? I have no idea. I just sell/buy when I ought to rebalance. Mostly I HODL.
Yep that's what I'm doing as well. I trade with a fraction of my stash and the biggest chunk will get hold for many many more years. So I don't really care what the price is doing short term.
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gentlemand (OP)
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August 27, 2016, 09:48:04 AM |
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I still that Kim Dot Com will shake bitcoin market in 2017 though.
Well, I won't be betting the farm on a mountainous conman but it'll be interesting to see whether it lives up to the hype. Considering hype is his job then I remain to be convinced. With the crypto market cap at $11B, one should still be able to make a few bucks out of trading altcoins with bitcoins.
Indeed that's very possible, but it's not a sign that crypto itself is advancing very far. A few bucks is nice but it's just crypto feeding from its own sphincter rather than getting out there and growing.
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Bigpiggy01
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August 28, 2016, 04:07:44 PM |
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I think we're headed more or less sideways till something starts shaking in the fiat world. US and EU politics are too stinky at the moment to have the fed, ecb and other policy bodies to go anything sideways till the election. However something like the Philippines and China getting rowdy or Indonesia and China shooting at each other's coast guard ships could send tremors through the system, but barring something like that I don't see much happening. There could be another hack that'd cause a nice buying dip prior to then but looking into my dusty old crystal ball doesn't really see much else happening ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) However the current interest rates etc are debasing a lot of fiat currency once a few more people start to wake up to that, I think we'll start to see more than the current trickle of people getting into Bitcoin. Been buying slowly for a fair while and plan to keep on doing so as part of my as little fiat as possible strategy ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Karartma1
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August 28, 2016, 04:19:06 PM |
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I don't know I was expecting a steady price increase after the halving, I imagined we could have been at least around $700 right now. Who is here from a long time probably will aknowledge that sideways will not last forever. Maybe altcoins gained some momentum lately and that is slowing things down for Bitcoin. But I still don't see any coin that can compete against Bitcoin right now in terms of adoption and maturity. This may change but Bitcoin will prevail in the long run. I'd leave with these two picks: an optimistic and a pessimistic one. In 18 months we either destroy the $1000 mark forever or we will below that amount for some more time. I vote for destroying the $1000 mark. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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bit1
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August 28, 2016, 05:12:46 PM |
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I don't know I was expecting a steady price increase after the halving, I imagined we could have been at least around $700 right now. Who is here from a long time probably will aknowledge that sideways will not last forever. Maybe altcoins gained some momentum lately and that is slowing things down for Bitcoin. But I still don't see any coin that can compete against Bitcoin right now in terms of adoption and maturity. This may change but Bitcoin will prevail in the long run. I'd leave with these two picks: an optimistic and a pessimistic one. In 18 months we either destroy the $1000 mark forever or we will below that amount for some more time. I vote for destroying the $1000 mark. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Agree, only that 18 months is a long time, sometimes the market behaves differently to what is expected for one reason or another, so it is best to take it slow, so any result that is given during that time, must not surprise, in short, if it reaches that price ok , if it is not reached could be ok too.
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botany
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August 30, 2016, 03:35:23 PM |
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I would not invest any additional money into Bitcoin now. I am prepared to sit on my current investment, for another couple of years before cashing out.
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pissedoff
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August 30, 2016, 04:13:00 PM |
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I would not invest any additional money into Bitcoin now. I am prepared to sit on my current investment, for another couple of years before cashing out.
Why not? Since the bitcoin market price is very low these days you might be able to make a good profit if you buy now and sell later.
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gentlemand (OP)
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August 30, 2016, 04:17:12 PM |
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Why not? Since the bitcoin market price is very low these days you might be able to make a good profit if you buy now and sell later.
Everyone's got their limit and I assume they reached it. I think quite a few people have some investment fatigue now. It's going to need a wave of fresh blood to really get motoring again and I can't see many signs of them on the horizon at present.
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pissedoff
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August 30, 2016, 04:19:27 PM |
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Why not? Since the bitcoin market price is very low these days you might be able to make a good profit if you buy now and sell later.
Everyone's got their limit and I assume they reached it. I think quite a few people have some investment fatigue now. It's going to need a wave of fresh blood to really get motoring again and I can't see many signs of them on the horizon at present. I agree but the bitcoin market price will eventually recover. It will be a long time before any fresh blood come in.
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gentlemand (OP)
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August 30, 2016, 04:24:44 PM |
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It will be a long time before any fresh blood come in.
If a proper ETF is approved and arrived within the next couple of years and no one new arrives, I don't know what will bring in some fresh meat. I suppose Bitcoin would have to go round everyone's house and personally cook them a nice meal.
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randy8777
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August 30, 2016, 06:33:01 PM |
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If a proper ETF is approved and arrived within the next couple of years and no one new arrives, I don't know what will bring in some fresh meat. I suppose Bitcoin would have to go round everyone's house and personally cook them a nice meal.
i think the real deal is when institutional investors will start jumping into bitcoin. however, they will never do so with the current amateurish exchanges. they need a proper professional platform where they can safely deposit multi millions on and start trading like champions. at this point it's more a fantasy than a possible reality at some point.
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gentlemand (OP)
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August 30, 2016, 06:59:56 PM |
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i think the real deal is when institutional investors will start jumping into bitcoin. however, they will never do so with the current amateurish exchanges. they need a proper professional platform where they can safely deposit multi millions on and start trading like champions. at this point it's more a fantasy than a possible reality at some point.
Itbit and Gemini are good enough for their purposes in principle but that lack of margin is a going to dampen an awful lot of enthusiasm. I think there's a rather large gulf that needs gapping. If I was a Wall St psycho the idea of organising a pump to benefit all the little shits who got in early wouldn't turn me on. At the same time they're not going to bother with something as tiny as Bitcoin is. I don't know who's going to provide the ammo to get the big guns to take a realistic look. Traditionally they themselves are the ones who create the markets and the hype from scratch. The idea of hitching themselves to something that was created by a bunch of maniacs on the internet probably feels uneasy.
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cluit
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September 03, 2016, 06:03:47 PM |
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As usual I trust bitcoin more than the banking system, so my risk reduction strategy is to own bitcoins. As to what the price will do? I have no idea. I just sell/buy when I ought to rebalance. Mostly I HODL.
Yep that's what I'm doing as well. I trade with a fraction of my stash and the biggest chunk will get hold for many many more years. So I don't really care what the price is doing short term. Same here, I’m slowly building a stash of bitcoin so that I can watch it grow in the future. I wish I could invest more but right now what I have is enough for a brighter future if bitcoin goes to moon. Lets hope for the best to happen.
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tabnloz
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September 06, 2016, 05:39:22 AM |
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My thoughts continue to be that Bitcoin will only be fully appreciated in the event of a crisis.
Granted, we haven't seen how Bitcoin reacts in a crisis, however my rationale behind putting money in was that a) global debt levels are unsustainable, b) currency wars make everything unstable and c) destroying banking & finance fee thieving is excellent.
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