JayJuanGee
Legendary
Online
Activity: 3724
Merit: 10303
Self-Custody is a right. Say no to"Non-custodial"
|
|
June 04, 2016, 09:27:17 PM |
|
Just bought back in myself.
Just looking at how little BTC is even on the books to sell at the moment, on my current exchange, okcoin, and I'm feeling pretty bullish. Yeah buying at a 2 year ATH sounds really dumb, but this is bitcoin we are talking about, logic doesn't apply!
logic does indeed apply. You mentioned how little bitcoins is available on current exchange.. once you consider how little bitcoins is available to be mined as new issuance moving forward, then the logic of accumulation at the current price makes perfect sense in other news, can you guys please crash this thing already. As low as possible for as long as possible I do consider this assertion regarding fewer and fewer coins on the exchanges to be a significant point. And, I am not sure about how such a fact were to play out, if it were true. Yeah, one scenario is as described, fewer coins available on the exchanges causes the price to go up because there is an insufficient number of coins on the exchanges. Actually, as I think through the scenario, this claim of not enough coins on the exchanges merely boils down to fewer people wanting to sell their coins because they are expecting them to appreciate in value in the very near term future. The fact of the matter remains that bitcoins are very easy to transfer onto the exchanges and to transfer onto exchanges quickly, and the only question remains whether any person potentially willing to sell coins already has an account on such an exchange. On the contrary, the more difficult logistics involves fiat, and even though there are more and more ways to buy bitcoins, there are still considerable problems in moving fiat onto exchanges in any kind of rapid manner... so in the end, I still conclude logically it makes more sense that the disparate abilities to rapidly move fiat as compared with bitcoins causes more ability for rapid downward price action, rather than rapid upward price action (mostly upward price action has to have some premeditation coupled with the fact that coin HODLers are less and less inclined to sell under current market conditions) you are right about easier to sell than to buy with fiat currency (to get it on the exchange) But don't discount the demand created by services like Coinbase where you can buy with debit card (smaller amount) or with linked bank account for delivery in a few business days - this has an effect on demand Thanks for reiterating that point. I believe that I did attempt to account for the fact that in the past couple of years there has been a continued and ongoing increase in the variety of vehicles in which folks can get fiat onto exchanges and/or other direct purchase vehicles like your mentioning of Coinbase.. and of course there are a lot of others that were not there in 2013, for example. Nonetheless, I will mostly stand by my point in the assertion that BTC remains heads and shoulders more versatile in quickness to move and low cost to move - in spite of improvements in moving fiat. Can you imagine moving $1 million dollars or more for fairly small fees.... Well, if I had 2,000 BTC or more, I could move that onto any exchange in which I hold an account in a matter of less than an hour in many cases.. and those funds would be available to me to play around with the BTC prices on that exchange... or just to attempt to get out of BTC really quickly, in the event that I was feeling jitters regarding information that I have about a potential upcoming downward price correction. So, my point is not necessarily regarding a large amount of openings into getting into BTC through fiat channels, but instead that the considerable disparity in BTC movement abilities is likely much more bearish than it is bullish or even neutral in respect to BTC's ongoing price performance.
|
|
|
|
TERA
|
|
June 04, 2016, 09:47:46 PM |
|
Quick question: What if the moon is on the opposite side of the planet from your current position? Does that mean that if something goes to the moon, it actually goes down?
|
|
|
|
Assmaster2000
Member
Offline
Activity: 84
Merit: 10
|
|
June 04, 2016, 09:53:25 PM |
|
Quick question: What if the moon is on the opposite side of the planet from your current position? Does that mean that if something goes to the moon, it actually goes down? It's more of a spirally thing. Rockets and ballistic missiles were sired by the same gentleman, so think this: * The whole moon thing was a hoax tho.
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
|
June 04, 2016, 09:58:46 PM |
|
Quick question: What if the moon is on the opposite side of the planet from your current position? Does that mean that if something goes to the moon, it actually goes down? Not really: Edit: Fudge! Porkchops beat me to it!
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
|
June 04, 2016, 10:03:29 PM |
|
|
|
|
|
Assmaster2000
Member
Offline
Activity: 84
Merit: 10
|
|
June 04, 2016, 10:07:54 PM |
|
Edit: Fudge! Porkchops beat me to it!
I win. Again!
|
|
|
|
Ted E. Bare
|
|
June 04, 2016, 10:09:59 PM |
|
Bitcoin Block Reward Halving Countdown: Only 36 more days!
|
|
|
|
TERA
|
|
June 04, 2016, 10:11:44 PM |
|
This seems to assume that you are travelling to the moon via rocket and not some other means, such as a train, or simply referring to your orientation.
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
|
June 04, 2016, 10:13:14 PM |
|
Edit: Fudge! Porkchops beat me to it!
I win. Again! This seems to assume that you are travelling to the moon via rocket and not some other means, such as a train, or simply referring to your orientation.
Wut? There's no down in space. Edit: Besides, if we were going down you wouldn't be here. I even expect to see nanobrain around the $800 mark.
|
|
|
|
nioc
Legendary
Offline
Activity: 1624
Merit: 1008
|
|
June 04, 2016, 10:19:03 PM |
|
"A 4 per cent fee applies to transactions with a minimum trade at $50."At current prices this is an extra $23/btc. This is the fee I incurred today using cash I was paying 1% last month when I loaded up @ ~$450
|
|
|
|
fichtn12345
|
|
June 04, 2016, 10:22:13 PM |
|
Edit: Fudge! Porkchops beat me to it!
I win. Again! This seems to assume that you are travelling to the moon via rocket and not some other means, such as a train, or simply referring to your orientation.
Wut? There's no down in space
|
|
|
|
Mark1003
|
|
June 04, 2016, 10:33:48 PM |
|
Well for mine its not. Lets just base on the tide. When there is full moon, the tide is low. But when there's no moon. Its high tide. means there is a force where the moon is.
|
|
|
|
BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
|
|
June 04, 2016, 10:45:31 PM |
|
Porkchop and the Fatman out nerding eachother. This is what I like to see. Now talk about stereo cables.
|
|
|
|
yefi
Legendary
Offline
Activity: 2842
Merit: 1511
|
|
June 04, 2016, 10:56:26 PM |
|
|
|
|
|
DonQuijote
Legendary
Offline
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
|
|
June 04, 2016, 11:04:14 PM |
|
Bitcoin Block Reward Halving Countdown: Only 36 more days!
Aaare you ready?
|
|
|
|
|
DonQuijote
Legendary
Offline
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
|
|
June 04, 2016, 11:07:51 PM |
|
BTC is still was the anchor for Alts such as Eth and so on...
Fixed. Many exchanges have USD/ETH pairs. Can't rest on your laurels when others are busy shifting paradigms. That which isn't busy disrupting outmoded legacy finance... why, it's busy dying! (but it's all right, Ma ) well this is true, however Eth is not going up at he moment either...... as BTC rises Eth has dropped... so.... You're mistaken. Sure, only up 1.37 % in the past 24 hrs, but taking into consideration the fact that ETH price has increased MORE THAN TENFOLD!!!1 in 2016 alone, I consider that a minor setback Do you think that eth is better than btc? (profitable)
|
|
|
|
pariahbit
Newbie
Offline
Activity: 42
Merit: 0
|
|
June 04, 2016, 11:09:48 PM |
|
This really is a bilious community venomous community poisonous community disgusting sperghole. No wonder Satoshi got sick of this shit and split. @DonQuijote: It has been, it's getting better play in the media, people aren't actively trying to distance themselves from it, but profitable in the future? Will give you a better tip: Don't take financial tips from Anons on the internet. Wait...
|
|
|
|
BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
|
|
June 04, 2016, 11:14:22 PM |
|
His first altcoin could have bought us all fancy houses.
|
|
|
|
GreekGeek
|
|
June 04, 2016, 11:18:20 PM |
|
Thanx for the drop guys bears I am all in ! now CCMF! [img]trains, rockets, etc. [img] Frequently, it is a better practice to hold a small percentage of your total holdings in fiat. While my BTC portfolio was in the red, I remained considerably hesitant to hold very high of a percentage in fiat. I suppose that was largely because I was predicting and anticipating upward's price movement, and plus that seemed to be the more prudent practice. Accordingly in about the past several months, I was mostly aspiring towards keeping my portfolio about 95% BTC and 5% fiat. With price movements, my allocation tended to vary, and when BTC prices went up from $403 to $470 with barely any corrections, my allocation went from approximately 96% to about 92% BTC. Thereafter, when the price corrected back down to about $435 on three occasions, I kind of ended up over doing the rebuying of BTC and my portfolio went to about 98% BTC / 2% fiat. Currently, because of a lot of the upwards price movement and some of the recent small corrections, I am a little bit unclear about my exact allocations, but I would estimate it to be around 93% BTC and 7% fiat. In about the past week, I have been considering ways to attempt to reallocate over time in such a way that at least over the possible upcoming BTC price fluctuations, my BTC portfolio will largely remain between 85% and 95% - with a kind of target of 90%. I think that I could probably manage keeping such an allocation at least while BTC prices are anywhere between about $400 and $2,200. If BTC prices go outside of that range any time in the near future, I will likely need to reconsider my thoughts about my allocation. Of course, each person is going to come to their own conclusions regarding how to allocate in accordance with their personal circumstances and view of the future BTC price direction (whether long-term or short-term). DUDE ! I was 75% long when the price was ~400 usd . I am expecting the price to be 800 usd by the time halving occurs. and I will hold even then.... My stop loss is very low (-40%) . I'm in for the long run (and drunk right now...) My guess is you would have the same attitude if you first bought @ 3 usd per bitcoin... NO PAIN , NO GAME (or gain in our case...)
|
|
|
|
|