kurious
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Activity: 2590
Merit: 1643
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January 29, 2015, 01:29:39 AM |
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My 2 cents: We have had the bottom.
This the last chance for the whales to crash it and scoop up coins. World banking and the bond markets are due for a crash, every currency is in a devaluation war, printing money.
2015 will be a volatile year. Greece was the canary in the coalmine.
For me it's a buy now and - since I think the bottom is in - the risk is maximum $75-ish down (at worst) but the upside is way, way higher.
I am buying and have been accumulating since the dip, sub 200 (with a little day-trading the dip down from 310).
A sub 200 is possible, but I can take a 30/40 dip.
What I don't want to miss is exchanges running out of coins and a bull run that shifts price upwards dramatically while I sleep.
I hope I am right ;-)
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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January 29, 2015, 01:34:01 AM |
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cornering the market is a real danger for something so small as Bitcoin is right now, these 'dumps' are just theatre to shake coins into fewer and fewer hands ... because generally people are basically stupid and influenced emotionally by price expectations (FUD).
That's why the 'satoshi' stash is needed to thwart any future market cornering attempts, before the next wave gets too big and potentially destructive.
So you think that the growth from $13 to $1200 was completely organic, and today's price really reflect the value of Bitcoin or maybe it is even undervalued ? and you also think that people managing their risk by adjusting their position by selling are just stupid morons, and the people buying/holding are just the smart elites or at least the next to be elites ? If the above holds as yes, then why don't you sell your house, sell your wife, sell your soul and invest every last penny you have in Bitcoin, because from your posts I understand that either: 1) you are so damn sure about your position this is why your posts sounds so confident and aggressive toward the "week hands" or 2) you are shitting your pants in fear and every post is a cry about your dreams being destroyed... and to be honest I think it is the latter one. |
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drbrock
Member
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Activity: 63
Merit: 10
New to BTC not new to the Empire of Chaos
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January 29, 2015, 01:36:08 AM |
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My 2 cents: We have had the bottom. This the last chance for the whales to crash it and scoop up coins. World banking and the bond markets are due for a crash, every currency is in a devaluation war, printing money. 2015 will be a volatile year. Greece was the canary in the coalmine. For me it's a buy now and - since I think the bottom is in - the risk is maximum $75-ish down (at worst) but the upside is way, way higher. I am buying and have been accumulating since the dip, sub 200 (with a little day-trading the dip down from 310). A sub 200 is possible, but I can take a 30/40 dip. What I don't want to miss is exchanges running out of coins and a bull run that shifts price upwards dramatically while I sleep. I hope I am right ;-)  Thats what I want to hear!!! I have VERY little btc compared to long term guys but I BELIEVE and want to increase my holding. Hopefully for cheap (double digits) but I just dont see that happening |
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Jammalan the Prophet
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January 29, 2015, 01:36:54 AM |
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My 2 cents: We have had the bottom.
For me it's a buy now and - since I think the bottom is in - the risk is maximum $75-ish down (at worst) but the upside is way, way higher.
I am buying and have been accumulating since the dip, sub 200 (with a little day-trading the dip down from 310).
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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January 29, 2015, 01:41:15 AM |
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Guys I got an E-mail update from Linkedin, I checked out and it seems like some Bitstamp employees were changing their work to a new company called GateHub Limited., So I then Googled it to try understand the reasons behind it and came to find this This is what was interesting to me:
For me it all started with Bitcoin. While studying architecture and working as a freelance web designer and developer, Nejc Kodrič contacted me one day and asked me to design him a website. He explained what Bitcoin is and how he believes it will change the world. I thought he was nuts. But after a while it became clear that we could make the world a better place. Bitcoin is amazing but it has limitations when it comes to everyday use. That’s where Ripple steps in.
Working for Bitstamp from the very beginning made me very fortunate to be one of the first people to get to know Ripple.
It was hard to grasp on everything it can do. But after using it for a while I realized that the founders of this protocol are up to something. Money right now is boring. There is no Twitter, Instagram or Facebook for money. You can’t have cool apps to visualize your income or spending. The reason for that is simply because we don’t have a protocol through which these apps could communicate with each other. We don’t have an API for money.
Ripple is that protocol, it is that API which we can use right now.
Knowing all that I decided that the only way to make everybody see the future is to bring the future to them. That’s how the idea of a new gateway was born. Me and my colleagues worked very hard for the last year to create something truly useful.
We hope you’ll love it as much as we do!
Enej Pungerčar, CEO and founder of GateHub Ltd.
Investors:
Investors & Advisors
Greg Kidd, CRO Ripple Labs
Chris Larsen, CEO Ripple Labs
Nejc Kodrič, CEO Bitstamp
George Frost, Lawyer
They just shitted all over Bitcoin. |
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kurious
Legendary
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Activity: 2590
Merit: 1643
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January 29, 2015, 01:42:17 AM |
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My 2 cents: We have had the bottom.
For me it's a buy now and - since I think the bottom is in - the risk is maximum $75-ish down (at worst) but the upside is way, way higher.
I am buying and have been accumulating since the dip, sub 200 (with a little day-trading the dip down from 310).
Yup - that's me  |
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kenji
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January 29, 2015, 01:43:59 AM |
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is now a good time to short?
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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January 29, 2015, 01:50:12 AM |
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is now a good time to short?
Kenji, you need a chart where the red candles are green, and the green ones are red. Then you can really let loose trading on your instincts. |
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kodtycoon
Legendary
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Activity: 1568
Merit: 1002
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January 29, 2015, 01:52:46 AM |
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am i doing it right?  |
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galdur
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January 29, 2015, 01:58:21 AM |
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This is looking mighty scary now. A major crash has been building in those limp tops. Question is how it´ll effect Bitcoin  Considering the scale at right, it is not that scary. Not in bitcoin terms, at least. I guess scary is like total market cap decreasing by trillions of dollars virtually overnight. BTC market cap amounts to about what Facebook stock turns over in a session. Pocket lint in this comparison. |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 29, 2015, 02:00:00 AM |
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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January 29, 2015, 02:01:33 AM |
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is now a good time to short?
Tough question I would say it's a time to observe and maybe consider long instead of short It depends on the movement from here |
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Dotto
Legendary
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Activity: 981
Merit: 1005
No maps for these territories
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January 29, 2015, 02:06:28 AM |
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galdur
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January 29, 2015, 02:07:57 AM |
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So, how is the coming stock market crash going to affect BTC price action.
Remember that the 2008 crash took 18 months to fully bottom. So the exact start is impossible to pinpoint beforehand. But the chart I posted looks very ominous and when you add the current turbulance in the financial markets and the manic warmongering we´ve witnessed over the last year, well chances seem to be excellent that a substantial market decline/crash is pretty imminent.
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kodtycoon
Legendary
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Activity: 1568
Merit: 1002
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January 29, 2015, 02:13:05 AM |
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BrewCrewFan
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January 29, 2015, 02:14:30 AM |
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So, how is the coming stock market crash going to affect BTC price action.
Remember that the 2008 crash took 18 months to fully bottom. So the exact start is impossible to pinpoint beforehand. But the chart I posted looks very ominous and when you add the current turbulance in the financial markets and the manic warmongering we´ve witnessed over the last year, well chances seem to be excellent that a substantial market decline/crash is pretty imminent.
Didnt one of the grading services just downgrade Russia to junk? I think it takes 2 of the 3 to rate it at that, but usually when one does it, another follows suit. |
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galdur
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January 29, 2015, 02:14:55 AM |
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Merv "The Swerv" King - former governor of The Bank of England - has joined the ranks of those ex-central-planners-who-feel-the-need-to-protect-their-legacy-by-rewriting-history-and-admitting-the-entire-thing-is-crazy. Speaking in Tokyo overnight, King said he’s concerned that financial markets believe real interest rates will remain very low for a very long time which has created "a significant disequilibrium in the world economy," adding that he does "not believe and expect a market economy to thrive on real interest rates that are close to zero." Warning that many nations realize "they have pushed monetary policy as far as it can go," King added that with the additional risk of currency wars, "markets will discover that they have been pushing asset prices to an excessively high level and there will be a major downward shock to asset prices." zerohedge.com |
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bytezero
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January 29, 2015, 02:16:48 AM |
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Although the low volume might make these walls less relevant, they are still fun to observe.
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galdur
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January 29, 2015, 02:18:31 AM |
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So, how is the coming stock market crash going to affect BTC price action.
Remember that the 2008 crash took 18 months to fully bottom. So the exact start is impossible to pinpoint beforehand. But the chart I posted looks very ominous and when you add the current turbulance in the financial markets and the manic warmongering we´ve witnessed over the last year, well chances seem to be excellent that a substantial market decline/crash is pretty imminent.
Didnt one of the grading services just downgrade Russia to junk? I think it takes 2 of the 3 to rate it at that, but usually when one does it, another follows suit. Yeah, those rating agencies have an excellent record as we know. They have never rated junk as A+ for their Wall St. partners, that´s for sure. Great credibility, |
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