Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[adamstgBit]

Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?

That's not Bitcoin, that's OneCoin the Bitcoin killer. Last I heard they were swtiching on their new block chain to the tune of 120 billion coins. Bigger than Ripple!
NB. There's no actual block chain, so to speak.

its a centralized database, which records all info about all poeple they ever scammed, and exactly how badly they burnt them.

this is interesting.

[BlindMayorBitcorn]

There's no block explorer. I don't think there's any crypto involved.

[strawbs]

Transcript of part of BBC Business Asia report to be broadcast today from Shanghai:

"The biggest bank in the world is Chinese: ICBC has just over US$3.5 triliion in assets. It has around 0.5 billion customers. 4 out of the 5 biggest banks in the world are Chinese. This is an industry with huge reserves and global ambitions.

But, China has a debt problem, a big debt problem. In the years following the global financial crisis there have been interest rate cuts and there has been a boom in credit, all aimed at boosting the economy. And all on the orders of the government which own or controls most of the banks.

The IMF estimates there are US$1.3 trillion in corporate loans in China, that are at risk of default. Most of that money has been channelled into state-owned enterprises  - they’re mostly unprofitable – or into local government.

And bad loans are on the up – they are at an 11 year high.

So, what next? Maybe some of the banks will topple over. The government will bale them out at great cost and maybe their currency will devalue further. Or, do the banks manage to restructure their debt and survive, while a select few go to the wall?

Through all of this the government will remain focussed on its number one priority – maintaining harmony and maintaining stability, even if that means saving a few banks that shouldn’t be saved."

Nothing we don't know already but I thought this succintly describes the situation with Chinese banks. It's just a matter of time until a Chinese bank goes under and we all feel the shockwaves. Interesting times ahead. I'm not convinced that BTC is seen by anyone as a safe haven, other than die-hard tech nerds, so who knows what effect on BTC price will be. Probably stay at 666   Maybe time to buy some gold since that's what the market likes to do...

[btcmerich]

Transcript of part of BBC Business Asia report to be broadcast today from Shanghai:

"The biggest bank in the world is Chinese: ICBC has just over US$3.5 triliion in assets. It has around 0.5 billion customers. 4 out of the 5 biggest banks in the world are Chinese. This is an industry with huge reserves and global ambitions.

But, China has a debt problem, a big debt problem. In the years following the global financial crisis there have been interest rate cuts and there has been a boom in credit, all aimed at boosting the economy. And all on the orders of the government which own or controls most of the banks.

The IMF estimates there are US$1.3 trillion in corporate loans in China, that are at risk of default. Most of that money has been channelled into state-owned enterprises  - they’re mostly unprofitable – or into local government.

And bad loans are on the up – they are at an 11 year high.

So, what next? Maybe some of the banks will topple over. The government will bale them out at great cost and maybe their currency will devalue further. Or, do the banks manage to restructure their debt and survive, while a select few go to the wall?

Through all of this the government will remain focussed on its number one priority – maintaining harmony and maintaining stability, even if that means saving a few banks that shouldn’t be saved."

Nothing we don't know already but I thought this succintly describes the situation with Chinese banks. It's just a matter of time until a Chinese bank goes under and we all feel the shockwaves. Interesting times ahead. I'm not convinced that BTC is seen by anyone as a safe haven, other than die-hard tech nerds, so who knows what effect on BTC price will be. Probably stay at 666   Maybe time to buy some gold since that's what the market likes to do...

Well, if i had money in chinese banks  and reading the above i would secure some of my money by investing in Bitcoins just in case. It seems we have problems with  Banks in Italy and even Duetche bank seems to have problems. Lets hope people wise up and buy into BTC

[JayJuanGee]

disclaimer:I have no clue what I'm talking about

That's true... 

[adamstgBit]

i simply cannot accept poeple are so stupid as to invest into Onecoin with the idea that its not a total scam.

my guess as to what is holding this thing afloat ( a assume it is floating... ) is the idea that poeple believe Other poeple are stupid enough to think its not a scam, they see all they hype and think " wow the scam coin has alot of hype behind it, i bet lots of suckers will bite so i'll bite first"

everyone thinks everyone else is stupid and this allows people to buy this shit fully knowing they are buying a scam coin.

[JayJuanGee]

How was jay trolling exactly? I can't see it. 

I don't see it either. It seems more like he's getting trolled.

Jay may be a permabull and at times (not this time though) he can get a little TLDR but I've never known him to troll.

By the way, there are posters that participate in this thread (maybe sometimes a bit disgruntled that BTC price is not moving up fast enough) that are much more bullish than me, yet thanks for your recognition that I do not troll, because even though I have quite a lot of posts (especially in this thread), it is pretty rare that I will just throw in some comment that is nonresponsive or pure titilation for the sake of titilation.

On the other hand, I admit that I do sometimes get fairly forceful and maybe even bordering on abusive in my language that I intend to be directed at attempts to clarify or negate posts/posters that appear to be atopical or nonsense FUCD spreading.

I also agree that it has to go well below $500 to consider the bull run over. Remember, we were below $200 less than a year ago. The dip from $780 to below $600 was an obvious correction from a very steep rise but the bottoms are higher on every dip.

Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish. 

Sometimes, we may be better able to describe the event after a longer passage of history (hindsight is 20/20), because now we are kind of still in the middle of price discovery...   If you recall after we breached into the $500s, it took a bit of time to breach into the $600s and then our stay in the $700s did not last very long... but nonetheless, after reaching into the $700s, there have been several additional unsuccessful attempts to push prices below $600. 

Yeah, we cannot rest on laurels in that we definitely remain in striking distance of sub-$600, even though overall the price pressures are upwards.. and banker shills, bears and other anti-bitcoiners are going to need to spend quite a bit of capital or spread quite a lot of FUCD in order to get us out of the overall bull market.... also, we could be in a $550 to $750 price arena for a considerable amount of time, and so us bitcoin HODLers should be prepared for price movements in this range and not get discouraged regarding our remaining in a fairly decent place to continue to buy, HODL, and hopefully bring down our average cost per BTC while accumulating more BTC.

lol!

forget it, we'll never see sub 600 again let alone sub 500.
market buy or buying on 20$ dip is your best best if you wish to acquire more bitcoin.

Several times that I've heard these kinds of predictions... Call me either overly cautious or  sccccaaaaarrrrrrreeeeeedddd.   

[BlindMayorBitcorn]

i simply cannot accept poeple are so stupid as to invest into Onecoin with the idea that its not a total scam.

my guess as to what is holding this thing afloat ( a assume it is floating... ) is the idea that poeple believe Other poeple are stupid enough to think its not a scam, they see all they hype and think " wow the scam coin has alot of hype behind it, i bet lots of suckers will bite so i'll bite first"

everyone thinks everyone else is stupid and this allows people to buy this shit fully knowing they are buying a scam coin.

I've watched this twice. I have no words.

[JayJuanGee]

[edited out]

Oh God... why I must explains peoples own emotions!!! grr...  

I don't really understand any need to get emotional, but yeah, if we are human, then sometimes we do get emotional, to some extent, but seems that we should also attempt to control our emotions somewhat when we are posting in these kinds of forums.

First... you where antagonizing a theoretical possible concept of a physical impossibility!   (Explanation: the banksters holding the price somewhere in the 400-500$ .. that was an illusion, ... but why? ... because if just 3-4 companies that sum 40-50$ billion decide to keep their value of their shares in the concept of bitcoin, meaning they don't need to give you the bitcoin transaction, but create an artificial open platform trading environment where no shares(coins) can be lost but they keeping the original transactions hijacked in multiple vaults of the same identical things with self destruct options if someone try to steal them and just create a new vault with more copies of the copies)

To the extent that any of your comment is comprehensible, I have my doubts regarding either who is supposedly involved in behind the scenes bitcoin manipulation and the extent to which there are institutions with good enough strategies to exercise any kind of widespread control over bitcoin's price, especially when there is also ongoing increasing mass adoption and ongoing increasing bitcoin development.  So, yeah let's see how long prices can be contained and in what price arenas? 

Regarding any kind of fractional reserve that may be going on in bitcoin, we may have some of that going on in exchanges and other centralized institutions that are working with bitcoin.  So far the extent of fractional reserves seems to be lower than various mainstream fiat systems, even though ETFs and other mainstream financial instruments may bring some more of that to bitcoin, and even though some folks are going to recognize that it is better to own bitcoins themselves rather than any proxy asset.

Second... yes... my analogy was a bit raw... and too blunt from the perspective of details... The psychological impact of what I said was inaccurate, because I should have said something like: ... I don't come and steal half of everything every 4 years... but I should have said that "I come each 4 years with a shiny laser gun that zaps anything and transforms it to worthless carbon that 99.99% of The Universe is made... and also I should have said that the only tool for mining your resources would be a "red button" that you press once, like ever, 4ever! .. and that "red button" starts a robot that mines your planet or mountain, that place you are mining at.... and the robot has the same mining speed for life, it never breaks, it never wears off, it just mines till nothing is left from 21 ExaTeraYotta kilograms of resources that you have available!
(Was that example more concise? More precise to the specific emotional reaction closer to home? I did saw the flaw in my previous analogy where the emotion would have been of "rage of distrust" that you might have worked and I stole and you didn't knew if I was going to destroy that material that I stole from you!) ... Russell Crowe sigh: "Are you not entertained?"  

Yeah, probably you are going to get banned if you keep posting nonsense like that, so in other words, your attempt to clarify seems to have resulted in possible stream of conscious gobbledy gook.. and it seems likely that you are probably capable of better.. yet likely better (or clarification) is not your intention.

And .. Third... the trolling part misunderstanding... is that you give the impression that you have some off-putting pessimistic vision that growth is uncertain and the theoretical concept you where flirting with... (aka. the ~400$ value) to make bears and all their family of naysayers that want to hope or like to dream of that value again! ... Stop selling that propaganda, it will never go back there! .. That body is buried and started the decay long ago! ... They might have dreams of those values again... but they are just that!.. dreams! ... So you should not troll maybe poor bears that have just a few coins and they dream of having a better life in the future! ... The price will never go back there to stay... Just maybe an act of God may make it dip to that value for a few seconds or minutes max ... then it will bounce back to the real value! .. And I said that "Why?" explanation in my "First..." section.
So.. in conclusion.. what you did was trolling hope of a low price... when you know that if people just buy as an investment, they will probably not have time to do high frequency trading... and they will just mostly hold and buy/sell once every  3-4 times per month! ... So, you mislead them in to thinking or believing that there still is hope for that ~400$ value! That was the trolling part... but you are so entrenched in your own juice of thought that you may have just been delusional for a moment there and those ideas where out there without you giving too much thought in to it... ain't it?... "delusional trolling!" ...  
Cuz the best trolling is made when you believe your own delusions...  

you are providing pretty good examples of trolling, here, in the above blurb of nonsense.. which amounts to apparent attempts to fill the thread with irrelevant and distracting goofiness.

[adamstgBit]

How was jay trolling exactly? I can't see it. 

I don't see it either. It seems more like he's getting trolled.

Jay may be a permabull and at times (not this time though) he can get a little TLDR but I've never known him to troll.

By the way, there are posters that participate in this thread (maybe sometimes a bit disgruntled that BTC price is not moving up fast enough) that are much more bullish than me, yet thanks for your recognition that I do not troll, because even though I have quite a lot of posts (especially in this thread), it is pretty rare that I will just throw in some comment that is nonresponsive or pure titilation for the sake of titilation.

On the other hand, I admit that I do sometimes get fairly forceful and maybe even bordering on abusive in my language that I intend to be directed at attempts to clarify or negate posts/posters that appear to be atopical or nonsense FUCD spreading.

I also agree that it has to go well below $500 to consider the bull run over. Remember, we were below $200 less than a year ago. The dip from $780 to below $600 was an obvious correction from a very steep rise but the bottoms are higher on every dip.

Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish. 

Sometimes, we may be better able to describe the event after a longer passage of history (hindsight is 20/20), because now we are kind of still in the middle of price discovery...   If you recall after we breached into the $500s, it took a bit of time to breach into the $600s and then our stay in the $700s did not last very long... but nonetheless, after reaching into the $700s, there have been several additional unsuccessful attempts to push prices below $600. 

Yeah, we cannot rest on laurels in that we definitely remain in striking distance of sub-$600, even though overall the price pressures are upwards.. and banker shills, bears and other anti-bitcoiners are going to need to spend quite a bit of capital or spread quite a lot of FUCD in order to get us out of the overall bull market.... also, we could be in a $550 to $750 price arena for a considerable amount of time, and so us bitcoin HODLers should be prepared for price movements in this range and not get discouraged regarding our remaining in a fairly decent place to continue to buy, HODL, and hopefully bring down our average cost per BTC while accumulating more BTC.

lol!

forget it, we'll never see sub 600 again let alone sub 500.
market buy or buying on 20$ dip is your best best if you wish to acquire more bitcoin.

Several times that I've heard these kinds of predictions... Call me either overly cautious or  sccccaaaaarrrrrrreeeeeedddd.   

the price is a lie, every day it lies in order to try to fool you into fucking up.
consider how you felt 2 years ago...
today's lie " its not safe, price could drop any moment"

[Hyperjacked]

disclaimer:I have no clue what I'm talking about

That's true... 

Of course when u create your own reality u don't care what anyone thinks...

Cheers jay   

[JayJuanGee]

Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish. 

It's called brexit.  And it made my bells ring;)

Your dates are a little bit off.

The Brexit vote (and the surpise outcome thereafter) took place more than 24 hours after the dip to $540, after the price had come back up into the $620s, and the results of the Brexit vote seemed to have caused (or at least correlated) with bitcoin prices rising after the vote from the $620s to $684... and then BTC prices came back down into the mid to lower $600s thereafter (including another attempted, but failed test of sub $600).

[Hyperjacked]

Must admit...this thread is a has been IMO

No good debates anymore just jay and the cronies talking meaningless trash

[JayJuanGee]

How was jay trolling exactly? I can't see it. 

I don't see it either. It seems more like he's getting trolled.

Jay may be a permabull and at times (not this time though) he can get a little TLDR but I've never known him to troll.

By the way, there are posters that participate in this thread (maybe sometimes a bit disgruntled that BTC price is not moving up fast enough) that are much more bullish than me, yet thanks for your recognition that I do not troll, because even though I have quite a lot of posts (especially in this thread), it is pretty rare that I will just throw in some comment that is nonresponsive or pure titilation for the sake of titilation.

On the other hand, I admit that I do sometimes get fairly forceful and maybe even bordering on abusive in my language that I intend to be directed at attempts to clarify or negate posts/posters that appear to be atopical or nonsense FUCD spreading.

I also agree that it has to go well below $500 to consider the bull run over. Remember, we were below $200 less than a year ago. The dip from $780 to below $600 was an obvious correction from a very steep rise but the bottoms are higher on every dip.

Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish. 

Sometimes, we may be better able to describe the event after a longer passage of history (hindsight is 20/20), because now we are kind of still in the middle of price discovery...   If you recall after we breached into the $500s, it took a bit of time to breach into the $600s and then our stay in the $700s did not last very long... but nonetheless, after reaching into the $700s, there have been several additional unsuccessful attempts to push prices below $600. 

Yeah, we cannot rest on laurels in that we definitely remain in striking distance of sub-$600, even though overall the price pressures are upwards.. and banker shills, bears and other anti-bitcoiners are going to need to spend quite a bit of capital or spread quite a lot of FUCD in order to get us out of the overall bull market.... also, we could be in a $550 to $750 price arena for a considerable amount of time, and so us bitcoin HODLers should be prepared for price movements in this range and not get discouraged regarding our remaining in a fairly decent place to continue to buy, HODL, and hopefully bring down our average cost per BTC while accumulating more BTC.

lol!

forget it, we'll never see sub 600 again let alone sub 500.
market buy or buying on 20$ dip is your best best if you wish to acquire more bitcoin.

Several times that I've heard these kinds of predictions... Call me either overly cautious or  sccccaaaaarrrrrrreeeeeedddd.   

the price is a lie, every day it lies in order to try to fool you into fucking up.
consider how you felt 2 years ago...
today's lie " its not safe, price could drop any moment"

As you know, Adam, I have approached my bitcoin investment from a dollar cost averaging strategy.  Surely, if I was just getting into bitcoin now, my approach would likely be similar, but certainly my BTC/fiat position would be different, merely from the fact that I have already been buying and accumulating BTC for about 2 and 2/3 years now (wow time flies!!). 

I mean I get your point that currently bitcoin is likely more of a "buy, buy, buy" than it was in November 2013 (hindsight is 20/20); however, since I am already have largely invested and taken my position, it is not like I can go out and start to leverage in bitcoin  or changing my strategy merely because I believe that bitcoin is more of a "buy, buy, buy" now than it was in November 2013.

In other words, already largely in.. buy on the way down and sell on the way up... that is my current and ongoing position in BTC... and ongoing strategy.

I am happy with my total BTC accumulation, my average price per BTC and my having had stacked up fiat for the way down, just in case the price goes down and it feels like plenty of BTC (in comparison to my total wealth and liquid assets) in case BTC prices go up. 

Anyhow, you seem to be asserting that the fundamentals are very strong and should be buying, buying, buying right now, but that is not going to work for some folks, unless they are maybe just getting into BTC or maybe they had sold a bunch in the $700s or even upper $600s or for some other reason they have come across extra cash.   

I already have gotten to know you sufficiently to understand that you sometimes will exaggerate a bit, just to make your points, yet I also believe that you are a bit more of a gambler than me.

Surely, each of us has our investing style. 

I personally would rather play the whole bitcoin thingie ma jiggie more conservatively and make less money than to take chances on betting one way or another or stacking too much fiat into BTC when my BTC investing portfolio is already in a pretty decent position with currently about 95% in BTC and 5% in fiat...

In other words, I am not going to change my investment to 96% BTC or any higher amount unless BTC prices go down and more or less force me to allocate a higher percentage of my portfolio into BTC.   

[JayJuanGee]

disclaimer:I have no clue what I'm talking about

That's true... 

Of course when u create your own reality u don't care what anyone thinks...

Cheers jay   

You have a tendency to be really fully of shit, Hyperjacked, so the more appropriate assessment of the situation would be something like this:

"when you see others spreading around shit, and they admit that they are spreading shit, you agree with them."  That's what I did in my above earlier response.        

[Chef Ramsay]

Must admit...this thread is a has been IMO

No good debates anymore just jay and the cronies talking meaningless trash

True, he mostly communicates (that's on him) w/ the known devil/troll and their various sox. I can't believe he brings himself down to their level in such a big way. Either way, he's ignored until further review. Hang out with the tramp and get the same treatment. And you're right, this place is a joke when the sox are allowed to go bulls on parade w/o repurcussion. Step up Adam. Don't let a dipshit/burnout run this place.

[marcus_of_augustus]

Climbing the steepest Walls

[adamstgBit]

How was jay trolling exactly? I can't see it.  

I don't see it either. It seems more like he's getting trolled.

Jay may be a permabull and at times (not this time though) he can get a little TLDR but I've never known him to troll.

By the way, there are posters that participate in this thread (maybe sometimes a bit disgruntled that BTC price is not moving up fast enough) that are much more bullish than me, yet thanks for your recognition that I do not troll, because even though I have quite a lot of posts (especially in this thread), it is pretty rare that I will just throw in some comment that is nonresponsive or pure titilation for the sake of titilation.

On the other hand, I admit that I do sometimes get fairly forceful and maybe even bordering on abusive in my language that I intend to be directed at attempts to clarify or negate posts/posters that appear to be atopical or nonsense FUCD spreading.

I also agree that it has to go well below $500 to consider the bull run over. Remember, we were below $200 less than a year ago. The dip from $780 to below $600 was an obvious correction from a very steep rise but the bottoms are higher on every dip.

Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish.  

Sometimes, we may be better able to describe the event after a longer passage of history (hindsight is 20/20), because now we are kind of still in the middle of price discovery...   If you recall after we breached into the $500s, it took a bit of time to breach into the $600s and then our stay in the $700s did not last very long... but nonetheless, after reaching into the $700s, there have been several additional unsuccessful attempts to push prices below $600.  

Yeah, we cannot rest on laurels in that we definitely remain in striking distance of sub-$600, even though overall the price pressures are upwards.. and banker shills, bears and other anti-bitcoiners are going to need to spend quite a bit of capital or spread quite a lot of FUCD in order to get us out of the overall bull market.... also, we could be in a $550 to $750 price arena for a considerable amount of time, and so us bitcoin HODLers should be prepared for price movements in this range and not get discouraged regarding our remaining in a fairly decent place to continue to buy, HODL, and hopefully bring down our average cost per BTC while accumulating more BTC.

lol!

forget it, we'll never see sub 600 again let alone sub 500.
market buy or buying on 20$ dip is your best best if you wish to acquire more bitcoin.

Several times that I've heard these kinds of predictions... Call me either overly cautious or  sccccaaaaarrrrrrreeeeeedddd.    

the price is a lie, every day it lies in order to try to fool you into fucking up.
consider how you felt 2 years ago...
today's lie " its not safe, price could drop any moment"

As you know, Adam, I have approached my bitcoin investment from a dollar cost averaging strategy.  Surely, if I was just getting into bitcoin now, my approach would likely be similar, but certainly my BTC/fiat position would be different, merely from the fact that I have already been buying and accumulating BTC for about 2 and 2/3 years now (wow time flies!!).  

I mean I get your point that currently bitcoin is likely more of a "buy, buy, buy" than it was in November 2013 (hindsight is 20/20); however, since I am already have largely invested and taken my position, it is not like I can go out and start to leverage in bitcoin  or changing my strategy merely because I believe that bitcoin is more of a "buy, buy, buy" now than it was in November 2013.

In other words, already largely in.. buy on the way down and sell on the way up... that is my current and ongoing position in BTC... and ongoing strategy.

I am happy with my total BTC accumulation, my average price per BTC and my having had stacked up fiat for the way down, just in case the price goes down and it feels like plenty of BTC (in comparison to my total wealth and liquid assets) in case BTC prices go up.  

Anyhow, you seem to be asserting that the fundamentals are very strong and should be buying, buying, buying right now, but that is not going to work for some folks, unless they are maybe just getting into BTC or maybe they had sold a bunch in the $700s or even upper $600s or for some other reason they have come across extra cash.  

I already have gotten to know you sufficiently to understand that you sometimes will exaggerate a bit, just to make your points, yet I also believe that you are a bit more of a gambler than me.

Surely, each of us has our investing style.  

I personally would rather play the whole bitcoin thingie ma jiggie more conservatively and make less money than to take chances on betting one way or another or stacking too much fiat into BTC when my BTC investing portfolio is already in a pretty decent position with currently about 95% in BTC and 5% in fiat...

In other words, I am not going to change my investment to 96% BTC or any higher amount unless BTC prices go down and more or less force me to allocate a higher percentage of my portfolio into BTC.  

good job buying as the sky was falling.
all i'm saying tho is that market has a way of playing with people's emotions.

at 1200 its " a golden opportunity"
at 250 its " all the FUD was right, this is the end, HardForks will make everything come undone "
at 450 its " Soon a new coin will take over "
at 650 its " not a buying opportunity kinda high will soon correct back down and then i'll buy"

It isn't coming back down...
buying is very safe right now, and selling is just plain stupid.
poeple aren't really all that bullish ( many predicting marginal increases in price over the next year )
meanwhile news like "Blockchain Tech is an ‘Opportunity’ for Asset Managers" , " China in trouble ", " Brexit "
the coast is clear... actually its worst then that everything is lining up!
Time is running out, FOMO will really kick in above 2000...

at 2000 its "OMG i better put in that 5000$ i've been meaning to invest in now or i'll miss out"
at 32,000 its " I was right! Its a paradigm shift, Fiat will soon die! Muahahahahaha "

[adamstgBit]

I predict at least 4 more bubbles until the bubble that doesn't pop ( the day to dollar dies ) is blown up.

[JayJuanGee]

[edited out]

good job buying as the sky was falling.

Look at you?  seeming to not be able to resist getting in a kind of non-substantive ad hominem attack.  You don't even explain what was wrong with my approach.  Are you saying (in retrospect monday morning quarterbacking) that there was something fundamentally wrong with my approach?  Do you know enough about my approach?   I don't really want to get caught up on this, except to suggest that you really don't have anything here, except some desire to get in a bit of a digg, for some reason?

all i'm saying tho is that market has a way of playing with people's emotions.




at 1200 its " a golden opportunity"
at 250 its " all the FUD was right, this is the end, HardForks will make everything come undone "
at 450 its " Soon a new coin will take over "
at 650 its " not a buying opportunity kinda high will soon correct back down and then i'll buy"

Yeah, of course, we know that what you are saying here is a fairly accurate representation; however, we also know that folks come into bitcoin at various stages, and they act with the knowledge that they have at the time that they enter (lots of variation).  Also, we likely understand that bitcoin continues to occupy a kind of niche, and yeah, more and more folks are finding out about it, and finding out about bitcoin has an effect, and also pumping in itself has an effect  in which even the folks pumping can lose control..

So yeah, I agree that the price of bitcoin has likely been artificially suppressed for a kind of extended period of time, and there is a lot of upside potential in which both pumpers and dumpers lose control.. which each of us is looking forward to witnessing such irrational upwards price movement (in the near future, if possible)

It isn't coming back down...

That is way too absolutist of a claim.  Sure, you can bet that way, but I am not going to bet that way, and I don't even care if you are correct.  I mean I even hope that you are correct because I profit much more from upwards price movement rather than downwards price movement.

I prepare for both up and down, but since currently about 95% of my bitcoin dedicated funds is in bitcoin as opposed to fiat, yeah, UP works a hell-of-a lot better for me personally.

buying is very safe right now, and selling is just plain stupid.

I tend to agree, but I still sell as it goes up, and for example, if the price goes up 15%, I may end up selling 2.5% of my BTC holdings, but still it seems that I end up buying some of that back too, when the price corrects.. but yeah, let's say that the price does not correct anymore and it goes shooting up 5x or something like that (which seems a bit unrealistic that we are not going to get some more corrections), and maybe in that case I end up selling 15% of my BTC holdings, or maybe i get overly excited and I sell around 50% of my BTC holdings, there is nothing wrong with having such a profit's taking plan.. which may even allow for buying back in at various corrective price points, that seem almost inevitable, as well.

poeple aren't really all that bullish ( many predicting marginal increases in price over the next year )

That's a dumb thread and poll that has the maximum score at $1,000..The premise of the thread is completely lacking in insight.  Sure, maybe BTC prices could languish below $1000 for a considerable amount of time, including several years, but we already should have a pretty good idea that prices will likely go up in exponential ways once we get into the upper $800s... so flawed premise in the above cited thread.

meanwhile news like "Blockchain Tech is an ‘Opportunity’ for Asset Managers" , " China in trouble ", " Brexit "
the coast is clear... actually its worst then that everything is lining up!
Time is running out, FOMO will really kick in above 2000...

I don't disagree with you about these matters, and there will likely various kinds of unknowable FOMO behaviors at various price points both below and above $2k.

at 2000 its "OMG i better put in that 5000$ i've been meaning to invest in now or i'll miss out"
at 32,000 its " I was right! Its a paradigm shift, Fiat will soon die! Muahahahahaha "

I'm not sure about the odds of this $32k in the near future, but yeah, we got a lot of good things lining up in the bitcoin space.