Torque
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Merit: 5041
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December 03, 2017, 06:34:42 PM |
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"confirmed sources"....new WO inside joke catchphrase Confirmed. Because sources.
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Rosewater Foundation
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December 03, 2017, 06:35:44 PM |
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Wouldn't surprise me if BTC hits $25K within 36 days (early 2018) let alone 365.
A year maybe, a month? No Fucking way. And if it does, expect a correction. Talk about going vertical... Man, we've gone from $150 to $11k while I've been sitting here. Another doubling in a month wouldn't even surprise me at this point.
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TheJuice
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December 03, 2017, 06:38:52 PM |
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Wouldn't surprise me if BTC hits $25K within 36 days (early 2018) let alone 365.
A year maybe, a month? No Fucking way. And if it does, expect a correction. Talk about going vertical... Man, we've gone from $150 to $11k while I've been sitting here. Another doubling in a month wouldn't even surprise me at this point. You should really get up and stretch every once in a while!
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fragout
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Activity: 1279
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December 03, 2017, 06:39:44 PM |
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Maybe??
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bones261
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Activity: 1806
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December 03, 2017, 06:40:50 PM Last edit: December 03, 2017, 07:03:10 PM by bones261 |
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JimboToronto
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Activity: 4004
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You're never too old to think young.
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December 03, 2017, 06:41:46 PM |
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just read the best confirmed sources and look at the charts.
Fancy listing some of the 'best confirmed sources'? Mark T. Williams? Jorge Stolfi? Jamie Dimon?
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AlcoHoDL
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Activity: 2366
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Addicted to HoDLing!
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December 03, 2017, 06:48:15 PM |
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just read the best confirmed sources and look at the charts.
Fancy listing some of the 'best confirmed sources'? Mark T. Williams? Jorge Stolfi? Jamie Dimon? Where's kwukduck?
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JimboToronto
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Activity: 4004
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You're never too old to think young.
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December 03, 2017, 06:49:49 PM |
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Here are the confirmed sources -snip-
You forgot the tea leaves and phrenology.
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xhomerx10
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Activity: 3836
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December 03, 2017, 06:51:59 PM |
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Wouldn't surprise me if BTC hits $25K within 36 days (early 2018) let alone 365.
A year maybe, a month? No Fucking way. And if it does, expect a correction. Talk about going vertical... Why don't we speak in relative terms rather than absolutes? Look at the 30-day percentage; it's usually 60+ percent. In recent months, we've seen it close to 100%. If it's going to $25k, it wont take a year. At 10% average monthly increase, $25k comes in 8 months and that would be quite sad considering the current rates of adoption - almost a let down IMHO.
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Torque
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Activity: 3556
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December 03, 2017, 06:52:57 PM |
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Here are the confirmed sources -snip-
You forgot the tea leaves and phrenology. And numerology, like JJG likes to accuse me of..
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arklan
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Activity: 1778
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December 03, 2017, 06:59:52 PM |
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Wouldn't surprise me if BTC hits $25K within 36 days (early 2018) let alone 365.
A year maybe, a month? No Fucking way. And if it does, expect a correction. Talk about going vertical... Why don't we speak in relative terms rather than absolutes? Look at the 30-day percentage; it's usually 60+ percent. In recent months, we've seen it close to 100%. If it's going to $25k, it wont take a year. At 10% average monthly increase, $25k comes in 8 months and that would be quite sad considering the current rates of adoption - almost a let down IMHO. That's a very reasonable logic. I spent be shocked by 6 months, even. But I think 15k, 20k will prove barriers, psychologically and just from profit taking. Mind you, I'm mining and trading penny by penny either way. Wish I had started doing so earlier...
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sirazimuth
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Activity: 3360
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born once atheist
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December 03, 2017, 07:02:23 PM |
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Here are the confirmed sources -snip-
You forgot the tea leaves and phrenology. And numerology, like JJG likes to accuse me of.. yeah, that number stuff is nonsense eh? anyway....$12345.67 incoming!!
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JimboToronto
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Activity: 4004
Merit: 4482
You're never too old to think young.
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December 03, 2017, 07:06:11 PM |
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Here are the confirmed sources -snip-
You forgot the tea leaves and phrenology. And numerology, like JJG likes to accuse me of.. yeah, that number stuff is nonsense eh? anyway....$12345.67 incoming!! When it comes to Bitcoin numerology, I kinda like 1,000,000.00. C'mon John Macafee.
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gentlemand
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Welt Am Draht
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December 03, 2017, 07:06:25 PM |
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mymenace
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Smile
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December 03, 2017, 07:08:19 PM |
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$70000 here we come
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criptix
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December 03, 2017, 07:09:24 PM |
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Chances are high that jp morgan bought bitcoin from 5 to 11 k
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 03, 2017, 07:09:52 PM |
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Anyone thought through the game-theory of buying and HODLing the CME Futures the day they are issued ? I'm thinking it's only going to go up - long - as soon as it's issued.
Was thinking of re-allocating $250k in a retirement portfolio...
It’s not quite that simple. You are required to make (or receive) a daily cash settlement.
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bones261
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December 03, 2017, 07:11:23 PM |
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Here are the confirmed sources -snip-
You forgot the tea leaves and phrenology. And numerology, like JJG likes to accuse me of.. Just call 1-800-966-2294. I'm sure you can find someone who can consult the confirmed sources of your choice. http://www.thepsychicline.com/
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d_eddie
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December 03, 2017, 07:15:24 PM |
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Anyone thought through the game-theory of buying and HODLing the CME Futures the day they are issued ? I'm thinking it's only going to go up - long - as soon as it's issued.
Was thinking of re-allocating $250k in a retirement portfolio...
Here's an interesting post from infofront that provides some food for thought. I got this from another thread. It was originally posted by someone on /r/bitcoin: I thought I’d share some of my stock market knowledge to help my fellow HODLers get a perspective on the CME futures that will be launching soon. First let me explain a bit of history: in 1982 CME group launched futures on the S&P500. What happened next? The stock market went on a spectacular run for 5 years until it eventually crashed in 1987. Why does this matter for Bitcoin? Because I believe a similar story is about to unfold. This story is the fundamental story about adding leverage to a new underlying asset. Bitcoin is a relatively “unleveraged” asset as compared to other financial assets. It’s new, it’s untainted. This is significant because of the mechanics of market prices and the future potential of market prices.
When something enters a levering stage, like Bitcoin is about to, the mechanics of the market are HEAVILY weighted to the buy side and not the sell side. Why? Because to be a seller you MUST be a previous buyer (or if you’re shorting, the supply comes from a previous buyer). This may sound weird, but the potential capacity to sell is a function of those who previously bought. This is why in an early market like Bitcoin it’s very hard for it to consistently fall as there’s not a lot of buyers yet built into the price. It takes years and years of accumulation and volatility to create a normalized market. When it’s new, especially pre leverage, it’s very easy to bid it up. When the CME futures are added, it will likely lead to spectacular rallies, but you need to arm yourself with the knowledge that the eventual buying will plant the seeds of the future capacity to panic.
This is what happened in 1987: The stock market had a 3 day wipeout of over 22%. It took 5 years to develop the buy side enough to create the conditions for panic. This was caused by the CME futures in 1982. Even since 1987, there has never been a crash of similar magnitude, because that initial levering stage was eventually normalized and a healthy market now exists on both bid side and ask side (sell side).
Why do I tell you this? I want to arm you with expectations to keep your wits when it all goes down. The crash on Bitcoin will likely be of many magnitudes deadlier than the stock market. We just had a 29% correction and it was frankly less than the last two. 20-40% corrections are standard in Bitcoin. When we have the futures levered crash, it’ll likely be 50-60%+. This will be hard on your psychological commitment. Prices do funny things to people’s perception, just like how BCH rose and now suddenly everyone thinks it’s a BTC contender. (Nothing’s changed, price was just pumped up and psychology affected.)
So first thing: prepare for that eventual crash, I suspect it’ll take 1-3 years to create the conditions for an extreme sell side due to leveraging. This sell will start and accelerate, hitting stop losses and margin calls, which is “mechanical selling”. The mechanical selling (forced selling) will cascade and create a feedback loop where more margin calls are hit, more stop losses, etc etc until almost all profits of the last year or 2 are wiped. Combined with the emotional panic caused by extreme falling prices, it will make people think Bitcoin isn’t real and abandon it.
Next thing: the 1987 crash, while devastating in many ways, was completely recovered by the stock market in 8 months. Seriously! The worst crash ever was repaired in 8 months and the market has been much more healthy since then. It is up dramatically since those days, and that crash was just a blip on the screen. The same will happen with Bitcoin, but my fear is that crash will be worse than even wallsteeters can handle, and it may shake you HODLers to the core. But if you understand that the powerful selling is just a function of the leveraged previous buying, it’s just fundamentally an opportunity. I will ride this hard as we lever up, and after an extreme period of euphoria, when Bitcoin is on every front page, when every HODLer owns a mansion, when your government-loving socialist neighbour is asking for your help converting money to Bitcoin, I’ll be lightening up heavily, waiting for the crash. I will bet everything at the bottom of the crash, and sail off into the sunset a crypto-god.
Good luck guys. I hope you weather the next 1-3 years with great savvy.
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