meanig
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January 01, 2017, 10:19:57 PM |
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Hi everyone. I was here in 2013 for the last run up to 1000 dollars and now I'm back. It's been a tough three years but now I just want to hug all you bastards and sing we shall overcome
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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BTCtrader71
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January 01, 2017, 10:22:12 PM |
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Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ? I think that we need to look at the current ATH as the next stop and a potential resistance point... There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180 Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts If you are nervous about retaining value with your BTC holdings, you can sell a little bit on the way up. Usually you do not want to sell too much because you could end up with a bunch of fiat and a lacking in BTC. Everyone is different regarding how they will do it, but I tend to sell 1% to 2% of my BTC holdings every $100 price rise of BTC in about every $10 to $15 increments (in other words staggered in both directions - up and down), and then I buy back when BTC prices go back down... therefore, on average I end up selling less than 1% for every $100 (and my BTC holdings grow overall with the same amount of investment, more or less). I started this selling strategy at a bit over $250 (but my selling between $250 and about $400 was an even smaller percentage of my BTC holdings because my BTC portfolio was then in the red) and today, I still have nearly 92% of my BTC holdings in BTC and the other 8% in fiat. Some kind of a strategy of taking profits (even small amounts) can help you to be less nervous during BTC volatile periods (which are almost inevitable) but I think that even with extensive practice a lot of us get nervous no matter what when the price becomes really volatile (especially when it goes down), so we have to figure out ways to hedge and to safeguard some of our nervousness that are tailored to our own situations. This is an excellent strategy, imho, because you actually profit from volatility. IOW, a volatile price rise from A to B will leave you richer than a steady rise from A to B. You (the investor) win, at the expense of the speculators.
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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January 01, 2017, 10:24:46 PM |
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Hi everyone. I was here in 2013 for the last run up to 1000 dollars and now I'm back. It's been a tough three years but now I just want to hug you all bastards and sing we shall overcome nice post!
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eddie13
Legendary
Offline
Activity: 2296
Merit: 2262
BTC or BUST
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January 01, 2017, 10:26:26 PM |
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I've been spanking huobi all day and now they seem to have taken my fiat margin away... I can still full margin short BTC but my available cny margin is now 0 zero..
Maybe it means something.. They don't want the American taking any more of their BTCs..
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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January 01, 2017, 10:29:52 PM |
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1000 ... cool but not shocking or even that surprising really, where to from here?
i) Consolidate around the $1k mark, some chance of rather deep dump also but eventually coming back to $1k mark.
ii) New ATH $1165 is now definitely on the top of the list for upside targets. From there $1500, $1800 and $2000 have to be good psych attractors also.
iii) Mad bullish (5th adoption wave) scenario is to keep trucking on the doubling trend, $1800 by end of March, $3600 mid-May, $7200 early June, $9588 blow-off top late June early July.
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meanig
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January 01, 2017, 10:32:17 PM |
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1000 ... cool but not shocking or even that surprising really, where to from here?
i) Consolidate around the $1k mark, some chance of rather deep dump also but eventually coming back to $1k mark.
ii) New ATH $1165 is now definitely on the top of the list for upside targets. From there $1500, $1800 and $2000 have to be good psych attractors also.
iii) Mad bullish (5th adoption wave) scenario is to keep trucking on the doubling trend, $1800 by end of March, $3600 mid-May, $7200 early June, $9588 blow-off top late June early July.
The next target is 10,000 CNY
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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January 01, 2017, 10:34:42 PM |
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let´s agree on iii)
edit:
1k$ on stamp: check! another € ATH: check! new year: check!
folks, sometimes life treats us nice. enjoy.
(edited)
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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January 01, 2017, 11:14:25 PM |
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LOL Currently $999.99 at Stamp. How's that for numerology fans? JJG? Toknormal?
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isov
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January 01, 2017, 11:15:48 PM |
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I think this 1000$ breaking is going to spark some pretty good media attention and tomorrow is first banking day of the year and all so it might be that we're up for a good ride. Good times, good times.
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rjclarke2000
Legendary
Offline
Activity: 1358
Merit: 1016
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January 01, 2017, 11:19:25 PM |
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1000 ... cool but not shocking or even that surprising really, where to from here?
i) Consolidate around the $1k mark, some chance of rather deep dump also but eventually coming back to $1k mark.
ii) New ATH $1165 is now definitely on the top of the list for upside targets. From there $1500, $1800 and $2000 have to be good psych attractors also.
iii) Mad bullish (5th adoption wave) scenario is to keep trucking on the doubling trend, $1800 by end of March, $3600 mid-May, $7200 early June, $9588 blow-off top late June early July.
iii makes me all tingly.
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Ted E. Bare
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January 01, 2017, 11:22:47 PM |
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Anyone know why btc-e is lagging so much behind?
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eddie13
Legendary
Offline
Activity: 2296
Merit: 2262
BTC or BUST
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January 01, 2017, 11:30:47 PM |
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Anyone know why btc-e is lagging so much behind?
iirc something to do with it being so hard to get fiat on and off of there.. What I was told years ago and seems to still stand..
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bitebits
Legendary
Offline
Activity: 2211
Merit: 3178
Flippin' burgers since 1163.
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January 01, 2017, 11:30:54 PM |
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Anyone know why btc-e is lagging so much behind?
Fiat friction.
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10233
Self-Custody is a right. Say no to"Non-custodial"
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January 01, 2017, 11:30:54 PM |
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Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ? I think that we need to look at the current ATH as the next stop and a potential resistance point... There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180 Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts If you are nervous about retaining value with your BTC holdings, you can sell a little bit on the way up. Usually you do not want to sell too much because you could end up with a bunch of fiat and a lacking in BTC. Everyone is different regarding how they will do it, but I tend to sell 1% to 2% of my BTC holdings every $100 price rise of BTC in about every $10 to $15 increments (in other words staggered in both directions - up and down), and then I buy back when BTC prices go back down... therefore, on average I end up selling less than 1% for every $100 (and my BTC holdings grow overall with the same amount of investment, more or less). I started this selling strategy at a bit over $250 (but my selling between $250 and about $400 was an even smaller percentage of my BTC holdings because my BTC portfolio was then in the red) and today, I still have nearly 92% of my BTC holdings in BTC and the other 8% in fiat. Some kind of a strategy of taking profits (even small amounts) can help you to be less nervous during BTC volatile periods (which are almost inevitable) but I think that even with extensive practice a lot of us get nervous no matter what when the price becomes really volatile (especially when it goes down), so we have to figure out ways to hedge and to safeguard some of our nervousness that are tailored to our own situations. Thanks for the advises, I'm not so nervous because i have started by investing little amounts of fiat every months and i didn't invest a lot since november, also, what i've invested i consider if i lose this amount it won't change my life (even if i wouldn't be happy), but i wanted to trade a little bit but i was nervous so i was just hodl But it's an interesting strategy to start trading at minimal risk, thanks i'll try that I completely agree with what appears to be your initial strategy to invest small amounts into BTC on a regular basis that you could afford to lose, if worst case scenario were to arise. That should be a continued strategy with any investment (and especially true with known volatile investments such as bitcoin). Also, I understand that if you are in a kind of initial BTC accumulation phase of your investment, you cannot really justify selling any part of it.. because you feel that you have so little and you are continuing to accumulate and to buy on dips, etc. I accumulated BTC for more than a year and a half before I created a selling (or BTC trading) strategy... but partly my hand was forced to keep accumulating BTC during that time because during my initial investment BTC prices continued to go down for the first year (2014) and then only became somewhat flat then next 6-8 months in 2015, which allowed me to accumulate some coins at the lower prices and then to create a BTC trading strategy that I considered to be profitable because my strategy only allowed me to sell coins from the ones that I had accumulated below the then selling price (as prices went up - so my average buy price was less than $250 for those coins that I authorized selling some of the profits).... So in essence I divided my total BTC investment into mostly three components, and initially, I held 2 of the portions that continued to be in the red and only traded from the portion of the coins that was in the green... as price continued to rise, then my other two portions of my BTC portfolio merged into the green or at least closer in the green which allowed me to authorize myself to trade more coins and a higher portion of my BTC portfolio (my cost basis for the coins was a bit of a moving target as the price changed and as I continued to buy and sell, but initially my price averages for the three groups were approximately as follows: 1) below $250, 2) below $350 and 3) about $500. I created some other limits too in order to only trade from "profits". For example, if you have accumulated 10BTC, then every dollar that BTC prices goes up, your portfolio goes up in value by $10, which is $10 profits. So, if BTC prices goes up $10, then your profits of your BTC holdings are $100, and initially I authorized myself only to trade from my BTC profits (and my authorization varied over time, but trading 30% to 50% of my profits seemed to be somewhat reasonable for me, but I know sometimes people will want to trade either more or less of their profits based on their own personality, view of bitcoin and/or otherwise overall financial circumstances).
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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January 01, 2017, 11:33:28 PM |
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Anyone know why btc-e is lagging so much behind?
Yeah if I had 'founder early adopter btc' I'd be all over that moving btc in wash/rinse/repeat. That is quite a spread. I supect it is a whale habitrail hamster tunnel back and forth moving and selling btc.
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Ted E. Bare
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January 01, 2017, 11:33:43 PM |
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They sure are the weirdest exchange.
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HI-TEC99
Legendary
Offline
Activity: 2772
Merit: 2846
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January 01, 2017, 11:33:55 PM |
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Anyone know why btc-e is lagging so much behind?
It normally lags behind all the other exchanges. These are the ATHs on stamp, finex, and btc-e. Bitstamp $1163 Bitfinex $1175 Btc-e $1095 It was $70 to $80 below the others in the 2013 high. As others said it's got something to do with trading and withdrawal fees. It might cost more to withdraw from btc-e because it uses different fiat withdrawal channels to the others.
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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January 01, 2017, 11:36:11 PM |
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They sure are the weirdest exchange.
Could it be artificial and they are doing wash/rinse/repeat?
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10233
Self-Custody is a right. Say no to"Non-custodial"
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January 01, 2017, 11:36:27 PM |
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Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ? I think that we need to look at the current ATH as the next stop and a potential resistance point... There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180 Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts If you are nervous about retaining value with your BTC holdings, you can sell a little bit on the way up. Usually you do not want to sell too much because you could end up with a bunch of fiat and a lacking in BTC. Everyone is different regarding how they will do it, but I tend to sell 1% to 2% of my BTC holdings every $100 price rise of BTC in about every $10 to $15 increments (in other words staggered in both directions - up and down), and then I buy back when BTC prices go back down... therefore, on average I end up selling less than 1% for every $100 (and my BTC holdings grow overall with the same amount of investment, more or less). I started this selling strategy at a bit over $250 (but my selling between $250 and about $400 was an even smaller percentage of my BTC holdings because my BTC portfolio was then in the red) and today, I still have nearly 92% of my BTC holdings in BTC and the other 8% in fiat. Some kind of a strategy of taking profits (even small amounts) can help you to be less nervous during BTC volatile periods (which are almost inevitable) but I think that even with extensive practice a lot of us get nervous no matter what when the price becomes really volatile (especially when it goes down), so we have to figure out ways to hedge and to safeguard some of our nervousness that are tailored to our own situations. This is an excellent strategy, imho, because you actually profit from volatility. IOW, a volatile price rise from A to B will leave you richer than a steady rise from A to B. You (the investor) win, at the expense of the speculators. It actually seems to play out like that in practice, too, as long as you stick to your guns and continue to stagger your bets in both directions.... It probably works at bringing down some of the overall volatility too, if everyone were to engage in such a practice. On the other hand, once you have staggered your bets with this kind of strategy, you are not precluded from some speculation on the margins (or from time to time seeing a pretty clear likely price direction and then hedging a little more in the anticipated direction, just for shits and giggles and a little more profits without putting a lot of your overall holdings at risk).
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10233
Self-Custody is a right. Say no to"Non-custodial"
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January 01, 2017, 11:41:01 PM |
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LOL Currently $999.99 at Stamp. How's that for numerology fans? JJG? Toknormal? Don't forget the numerology king, se llama Torque.
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