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CryptStorm
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December 28, 2013, 07:23:09 PM |
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 GIFS ARE WORKING! I wonder if I can finally get an avatar now??? Hmmmm, I'll have to wander over to meta and see (unless someone would kindly inform my lazy ass). |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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prof7bit
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December 28, 2013, 07:27:32 PM |
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The day that BTCChina disallows fiat withdrawals, I believe. Cheers  Why would they want to do this? This would be the equivalent of completely shutting down their operations. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 28, 2013, 07:32:50 PM |
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The day that BTCChina disallows fiat withdrawals, I believe. Cheers Why would they want to do this? This would be the equivalent of completely shutting down their operations. its the law. |
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mellowyellow
Member
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Activity: 112
Merit: 10
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December 28, 2013, 07:32:53 PM |
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The day that BTCChina disallows fiat withdrawals, I believe. Cheers Why would they want to do this? This would be the equivalent of completely shutting down their operations. well...yes... |
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bitrider
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December 28, 2013, 07:33:45 PM |
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;TLDR Not being in Bitcoin today is too risky.
This is what I also believed before jumping in to be a full time market analyst. But with decent excel skills it is possible to model many situations where it makes sense to have less than 100% in bitcoins, or trade. I have so many lines of data and charts, for example I have analysed the bottoms of the recent crashes to 5 minute precision in all of the exchanges to find out where I get the coins cheapest and in largest quantity, and how quickly it falls, how quickly it bounces back, what volume is reasonable to expect, so what size of orders are best to use. From next week I have a new half-time assistant doing mainly the analysis of exchange behavior, so that the capturing of tops and bottoms should happen with even greater precision. Why I mentioned limit orders is that unless you have 24/7 trading (which I don't know if anyone has), it is reasonable to have quite a lot of fiat parked in the range 20-50% below the current price. The crashes are so deep and in a sense so predictable (not possible to know when they will happen, but play out quite the same every time) that the exact placement of orders can net you BTC10s easily. For example the Silk Road crash was an actual opportunity to buy at $90 in October. Yes, December-November-October. So many things happen in Bitcoin which cannot be predicted but can be captured with limit orders. Not being in Bitcoin is risky, but cutting your # of coins in half by insisting to buy now is not too smart either. It is a shame that only stupid people tend to reply to my analysis, you know the ones who only want to know if the market will go up this afternoon (which in fact is the thing I could influence the most, thus nullifying the actual predicting) and cannot comprehend an advanced prediction such as "with 70% certainty we visit $450 before hitting $1,100 which makes it a wildly profitable +32% EV play after fees". I am sorry if any person in any standing whatsoever has been offended because of my hard speech towards the trolls who don't know how to behave respectfully. Besides there are some strawmen arguments that I have been wrong with market calls. There is one that I remember (quitting yelling "crash" when we had climbed to the top) but every other call since the start of the October bull market has been correct afaik. If you want to say that I was wrong, please post the wrong call in context and explain why it was wrong. Or refrain from lying. I try to avoid online warzones so I'm not commenting on that, but I must add that I have highly enjoyed your analysis and hope you continue forward regardless of peoples reactions. I think you deserve kudos for predicting the drop to the 400s before we had even hit $1250. Your trendline is also in sync with a number of other people's trendline predictions I've seen on this forum and around the net. As far back as August a couple others had targeted $1000 for May-June 2014 with a possible bubble in between. I don't care about day to day up or down movement, the real action is in the big moves mid/long term. No one is being forced to follow what you are posting, I've been impressed by your analysis thus far. =) +1 I read rpietila's analysis on why we would see low 400s, bought when it hit that price target, and have been very happy since. Thank you rpietila for helping me get coins at the right price. Don't listen to the kooks, keep doing what you're doing +2 That has been my take as well. RP has at times been all over the map, but his contribution to this community and to my btc journey has been outstanding. Not to mention plenty of extra coins. Keep putting it out there. |
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phoenix1
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December 28, 2013, 07:34:08 PM |
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Nah ... looks more like the end of a bull trap to me, and a pretty predictable one at that New lows in the next 2 weeks IMO and months before we see $1000 again Maybe then people will stop using this childish 'HODLING' word after they get a good SPANKING Current uptrend tested but still in tact:
.....the larger fib resistance proving to be tough to get through.
Jees, it's been about 5 minutes ... that hardly qualifies as 'tough' There will be at least one more bull trap before January 31st when Chinese have to withdraw fiat from their exchanges. I'll repeat this. After January 31st Chinese can withdraw. Just not fiat. So, just like on MtGox: Buy BTC and withdraw those. Now your homework exerice: Will this provide (short term) momentum up or down for Bitcoin prices?  Alot can happen in the BTC in one month. Perhaps China will "change their minds" after some regulation comes into play. If that does not happen, news of more large companies like Overstock.com accepting BTC will bump the price. These are just a couple of things. The January 31st deadline is something to think about but it is no guarantee that the price will drop. the correct answer to wws question is up... btw. i sold major portion, im now 80/20 (usd/btc) Ditto BitChick, you sound desperate ... |
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Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
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December 28, 2013, 07:37:54 PM |
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btw. i sold major portion, im now 80/20 (usd/btc)
Some of yours coins are belonging to me now. :-) |
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ajax3592
Full Member
Offline
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
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December 28, 2013, 07:46:57 PM |
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Fuck! wasn't this creep ^ suppose to die ?  |
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Jomppe
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December 28, 2013, 07:49:17 PM |
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If Rpietila is bear-mood, the bulls should panic and sell their coins as fast as possible. It is horrifying how accurate are his predictions. He is here making some serious money and knows how to do it. Our job is to listen his advice, follow his paths and also become as rich as he is.  Why not sell while you still get quite decent amount of dollars per coin.  |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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December 28, 2013, 07:50:48 PM |
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If Rpietila is bear-mood, the bulls should panic and sell their coins as fast as possible. It is horrifying how accurate are his predictions. He is here making some serious money and knows how to do it. Our job is to listen his advice, follow his paths and also become as rich as he is. Why not sell while you still get quite decent amount of dollars per coin. you panic sold at 680? |
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CryptStorm
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December 28, 2013, 07:51:26 PM |
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Fuck! wasn't this creep ^ suppose to die ? It's pretty easy to ignore chartbuddy, and I don't think Richie's nice postings are really creepy or worth death, FWIW. |
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dgarcia
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December 28, 2013, 07:52:06 PM |
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btw. i sold major portion, im now 80/20 (usd/btc)
Some of yours coins are belonging to me now. :-) Yeah. A Pullback in a SHS Formation will make you happy. |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 28, 2013, 07:52:15 PM |
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We may go up or we may go down. But those of you that are making positions based on what happened in April or god forbid 2011, are going to be disappointed. Every parabolic rise to date has had a different resolution. And this one will be no different in that aspect.
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Jomppe
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December 28, 2013, 07:54:18 PM |
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If Rpietila is bear-mood, the bulls should panic and sell their coins as fast as possible. It is horrifying how accurate are his predictions. He is here making some serious money and knows how to do it. Our job is to listen his advice, follow his paths and also become as rich as he is. Why not sell while you still get quite decent amount of dollars per coin. you panic sold at 680? Rpietila gave his bearish call before it hit 680. I did not sell at this price - I sold at 730 and 731 90 % of my BitCoins because I will rebuy them with a decent discount as Rpietila predicts. However, 680 is quite expensive price to pay for a coin if this plays in the same way as it did on spring/summer. |
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bassclef
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December 28, 2013, 07:58:28 PM |
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btw. i sold major portion, im now 80/20 (usd/btc)
Some of yours coins are belonging to me now. :-) And mine You are welcome Thanks for a nice xmas And this is why nobody should listen to anybody for trading advice on this forum. It's great that some people get lucky and make profits, and that experienced traders use volatility to their advantage. It creates market depth, which is a good thing. I'm probably preaching to the choir, but there are sharks in the water and most noobs are armed with little more than a leaky inner tube Now what I'd like to see are traders who brag about their bad trades. That would be entertaining, and sobering to newbies who think its easy to "double their stash". |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 28, 2013, 08:01:58 PM |
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Jomppe
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December 28, 2013, 08:06:11 PM |
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Rpietila seems a reputable in his views. I think we all should read his writings, learn him, try to figure out his mood and based on this, sell or buy coins. The price will go quite low if we can trust him - usually we can. He made his bearish call correctly last time while all were laughing at his face, spitting on him and considering him as slain of God, the man of sorrows, the friend of pains etc. After all, he made his trades and tons of money. Now those of you who do not follow his paths right now will loose as the price eventually crashes. He is making money so why shouldn't I do it with him? I hope you guys here are also in the same boat with me. It is not that difficult to turn from bull to bear. I did it after I found Rpietila did it also. |
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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December 28, 2013, 08:07:45 PM |
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Nah ... looks more like the end of a bull trap to me, and a pretty predictable one at that New lows in the next 2 weeks IMO and months before we see $1000 again Maybe then people will stop using this childish 'HODLING' word after they get a good SPANKING Current uptrend tested but still in tact:
.....the larger fib resistance proving to be tough to get through.
Jees, it's been about 5 minutes ... that hardly qualifies as 'tough' There will be at least one more bull trap before January 31st when Chinese have to withdraw fiat from their exchanges. I'll repeat this. After January 31st Chinese can withdraw. Just not fiat. So, just like on MtGox: Buy BTC and withdraw those. Now your homework exerice: Will this provide (short term) momentum up or down for Bitcoin prices? Alot can happen in the BTC in one month. Perhaps China will "change their minds" after some regulation comes into play. If that does not happen, news of more large companies like Overstock.com accepting BTC will bump the price. These are just a couple of things. The January 31st deadline is something to think about but it is no guarantee that the price will drop. the correct answer to wws question is up... btw. i sold major portion, im now 80/20 (usd/btc) Ditto BitChick, you sound desperate ... I am just a long term holder and always optimistic. I could be totally wrong but in the Bitcoin world no one that has held longer than 6 months has lost any value. |
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