billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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April 04, 2014, 08:50:32 PM |
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billyjoeallen gone bearish
isn't this a strong buy signal?
Waffles, waffles.... Buy waffles So I'm a contra-indicator now, huh? If I'm so stupid, then why do I have so much money and coins to trade now? If you want my coins, just bid up the price a little higher. If you want my cash, you'll have to drive the price down until I feel like maybe maybe buying back. I hope there's a rally because I'll be partying with bull money if there is. Being a reckless bull for so long has given me a monster pile of coins to dump on your heads. Disrespect me at your pleasure or peril. The market always has the last word.
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donut
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April 04, 2014, 08:54:44 PM |
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Dump them now and spare us the lectures please.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 04, 2014, 08:56:09 PM |
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Market Cap Comparisons: Bitcoin $5 B Apple $475 B Chipotle Mexican Grill $17 B Dollar Tree, Inc. $11 B IBM $200 B Intel $130 B Costco $49 B CVS Caremark $89 B Berkshire Hathaway $307 B Pandora Media $5.6 B Most people probably haven't even heard of the names for 99% of the companies with the same market cap of BTC. It is still in small-cap stock territory and it's market price behaves as such. How much Capital does it take to move the price around? $5 million has a huge effect. How many individuals can move that much into and out of a market(s)? How many trading firms around the world can? How does $50 million sound? This isn't even the beginning yet. Fortunately, and I think there are a good number of people here who already know this, all of the information you will need will be right there in front of you, hidden in plain sight. You just have to focus and know how to see it. I've learned a few things about bitcoin from this thread and had a few laughs, so thank you for that. I wish you all well, although I will still try to take your money if given a chance. Sayonara, Nick Stats like these are always so eye opening. We get so concerned about China but many of these companies are only in the USA so we should not be too concerned. To think that BTC only has a market cap of $5 Billion and Chipotle is 3x that? Don't get me wrong, I like Chipotle, but that is crazy. The question I have is what is the estimated price when we reach $10 B, $15 B, $50 B and so on. I guess it depends on the amount being hoarded or available on the market at that time? just divided the market cap by the total number of coins and you'll get the price per coin. if bitcoin had the market cap of gold each coin would be worth 5,367,379.98 and these guys would STILL be buying god damn Waffles
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JayJuanGee
Legendary
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Activity: 3864
Merit: 10923
Self-Custody is a right. Say no to"Non-custodial"
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April 04, 2014, 09:02:10 PM |
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billyjoeallen gone bearish
isn't this a strong buy signal?
He has lost his objectivity, to the extent that he may have had it previously... and he has gone somewhat bonkers with these predictions about BTC's supposed price decline...
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 04, 2014, 09:05:04 PM |
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So I'm a contra-indicator now, huh? If I'm so stupid, then why do I have so much money and coins to trade now? If you want my coins, just bid up the price a little higher. If you want my cash, you'll have to drive the price down until I feel like maybe maybe buying back. I hope there's a rally because I'll be partying with bull money if there is. Being a reckless bull for so long has given me a monster pile of coins to dump on your heads. Disrespect me at your pleasure or peril. The market always has the last word. I don't think you're stupid. I consider you one of the brightest posters. That's kinda the reason why I ask if it's bullish that you have gone bearish
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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April 04, 2014, 09:05:54 PM |
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new poll
new format
more serious
Where is the Buy Buy Buy choice?
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JayJuanGee
Legendary
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Activity: 3864
Merit: 10923
Self-Custody is a right. Say no to"Non-custodial"
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April 04, 2014, 09:11:14 PM |
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Amazing, all this speculation, graphs, charts, video's, news articles, various people trying to sound official like they know something special (fonzie), bears and bulls and alike,,, and still no one seems to have a clue if BTC is going up or down lol this really is a great thread lol In the mean time I'll just hold tight and keep on mining whether its at 440 or 1,000 Well MinermanNC>... .there is NOTHING really new to what you are saying, as far as I understand. I have only been into BTC for a little over 4 months, and frequently, there has been quite a bit of inability to predict BTC prices on a short or medium term. HOWEVER, I bet the long term bulls (which seems to include you) will probably be correct to be assuming that the price is going to go up... There is some variation about whether the price will go above $1000 in two years or whether the price will be $10,000 or $100,000 by that time... ... Personally, I am o.k. so long as the price in two years is at least 12% higher than my average buy in BTC price... which was my expected return on my various stock market related funds... but even if it is NOT at least 12% higher in two years, I am hedging my bets.... It would be the shits if both my stock market related funds and my BTC related investment were to go down... then my gamble will have NOT paid off... That seems to be a risk that I know about and am willing to take (even though different people are going to come to different conclusions regarding the probabilities of one outcome versus another outcome.. some will win big and some will lose big and some will be in the middle.. I am banking on being in the middle somewhere).
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JayJuanGee
Legendary
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Activity: 3864
Merit: 10923
Self-Custody is a right. Say no to"Non-custodial"
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April 04, 2014, 09:17:06 PM |
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Hind sight is always 20/20 but, I wish now I had just took my first investment in GPU mining gear well over a year ago now, and purchased BTC when it was $30-$40.00 range and bought the same amount in bitcoin instead. Now even at todays prices I would be up almost $27,000 in pure profit even at todays price of 440.00 on that initial investment alone. But like with everything else, we live and we learn... well most of the time. lol People are still investing in mining equipment, and it seems fairly likely that they are going to get similar results... meaning that it probably would have been better to invest in buying BTC, instead. Of course there are some exceptions to this in which there may be some people who are either wise investors with their mining equipment or they have some special tactic to make the mining more profitable for them.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 04, 2014, 09:22:45 PM |
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Yes, I'm clearly bonkers. Buy your asses off. I'm trying to do you assholes a favor, but if you don't listen, I will take your money. Fact: there will be no rally this weekend that doesn't result in me having thousands of dollars more than I do now.
On the other hand, if you are wrong and there is a market plunge, you're pissing off one of the few people left on the exchanges with cash to help save you.
Since when is 50/50 fiat/crypto not objective?
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JayJuanGee
Legendary
Offline
Activity: 3864
Merit: 10923
Self-Custody is a right. Say no to"Non-custodial"
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April 04, 2014, 09:22:53 PM |
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Market Cap Comparisons: Bitcoin $5 B Apple $475 B Chipotle Mexican Grill $17 B Dollar Tree, Inc. $11 B IBM $200 B Intel $130 B Costco $49 B CVS Caremark $89 B Berkshire Hathaway $307 B Pandora Media $5.6 B Most people probably haven't even heard of the names for 99% of the companies with the same market cap of BTC. It is still in small-cap stock territory and it's market price behaves as such. How much Capital does it take to move the price around? $5 million has a huge effect. How many individuals can move that much into and out of a market(s)? How many trading firms around the world can? How does $50 million sound? This isn't even the beginning yet. Fortunately, and I think there are a good number of people here who already know this, all of the information you will need will be right there in front of you, hidden in plain sight. You just have to focus and know how to see it. I've learned a few things about bitcoin from this thread and had a few laughs, so thank you for that. I wish you all well, although I will still try to take your money if given a chance. Sayonara, Nick Stats like these are always so eye opening. We get so concerned about China but many of these companies are only in the USA so we should not be too concerned. To think that BTC only has a market cap of $5 Billion and Chipotle is 3x that? Don't get me wrong, I like Chipotle, but that is crazy. The question I have is what is the estimated price when we reach $10 B, $15 B, $50 B and so on. I guess it depends on the amount being hoarded or available on the market at that time? You already know that market cap is calculated by number of coins in existence times price of a coin. so approximately $4500 per coin, if we get to a $50 billion market cap.. maybe a little less, b/c there will be more coins... In my mind Hoarding is a slightly different question that can drive up market price, along with lost coins, etc.. Just b/c those coins are lost or NOT in circulation, that does NOT affect the calculated market cap.. even though with lost coins, for example, they are Never coming back into circulation to be realized as part of the overall cashing out of the market cap.
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JayJuanGee
Legendary
Offline
Activity: 3864
Merit: 10923
Self-Custody is a right. Say no to"Non-custodial"
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April 04, 2014, 09:29:19 PM |
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billyjoeallen gone bearish
isn't this a strong buy signal?
Waffles, waffles.... Buy waffles So I'm a contra-indicator now, huh? If I'm so stupid, then why do I have so much money and coins to trade now? If you want my coins, just bid up the price a little higher. If you want my cash, you'll have to drive the price down until I feel like maybe maybe buying back. I hope there's a rally because I'll be partying with bull money if there is. Being a reckless bull for so long has given me a monster pile of coins to dump on your heads. Disrespect me at your pleasure or peril. The market always has the last word. Those previous comments by Bitcoinsrus does NOT seem to be disrespectful, but instead merely an observation of your change in your apparent position. Also, I do NOT perceive things like this thread to be a competition, even though others may consider it to be such... and that is why, when you perceive threads like this as a means to compete and to deceive people, then you are resorting to self-ish behavior... Surely I am going to take information on this thread with a grain of salt, but my intention is to share information for the benefit of everyone.. and to the extent that I may spin or NOT disclose my exact strategy will NOT be some major push to trick people into buying or selling in order to favor me or to fulfill some position that I have that I want filled. We each have our ways... so to each his/her own in that regard.
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JayJuanGee
Legendary
Offline
Activity: 3864
Merit: 10923
Self-Custody is a right. Say no to"Non-custodial"
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April 04, 2014, 09:35:06 PM |
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Yes, I'm clearly bonkers. Buy your asses off. I'm trying to do you assholes a favor, but if you don't listen, I will take your money. Fact: there will be no rally this weekend that doesn't result in me having thousands of dollars more than I do now.
On the other hand, if you are wrong and there is a market plunge, you're pissing off one of the few people left on the exchanges with cash to help save you.
Since when is 50/50 fiat/crypto not objective?
Definitely it is good to have your bets hedged in various ways.. but NO reason to call others assholes, just b/c they may have a different opinion about which way to bet... or to suggest that you have some vision that is way superior than others. To the extent that you provide justifications for your predictions, then other readers of the tread can benefit from that... To the extent that you may be trying to force the market in one direction or another, then that seems to be another story and a story that may grate on readers a little bit... But, whatever, do what you do.. ... that is your choice, but sometimes you should expect some backlash when posters recognize or at least perceive that you have shifted (or waffled) in your position...
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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April 04, 2014, 09:35:19 PM |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 04, 2014, 09:36:15 PM |
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billyjoeallen gone bearish
isn't this a strong buy signal?
Waffles, waffles.... Buy waffles So I'm a contra-indicator now, huh? If I'm so stupid, then why do I have so much money and coins to trade now? If you want my coins, just bid up the price a little higher. If you want my cash, you'll have to drive the price down until I feel like maybe maybe buying back. I hope there's a rally because I'll be partying with bull money if there is. Being a reckless bull for so long has given me a monster pile of coins to dump on your heads. Disrespect me at your pleasure or peril. The market always has the last word. Those previous comments by Bitcoinsrus does NOT seem to be disrespectful, but instead merely an observation of your change in your apparent position. Also, I do NOT perceive things like this thread to be a competition, even though others may consider it to be such... and that is why, when you perceive threads like this as a means to compete and to deceive people, then you are resorting to self-ish behavior... Surely I am going to take information on this thread with a grain of salt, but my intention is to share information for the benefit of everyone.. and to the extent that I may spin or NOT disclose my exact strategy will NOT be some major push to trick people into buying or selling in order to favor me or to fulfill some position that I have that I want filled. We each have our ways... so to each his/her own in that regard. Selfish behavior would be telling people what they want to hear so that I could be more popular. I'm doing the opposite. It's also in my financial best interest to say the opposite of what I'm saying. I may be wrong, but I'm not being deceptive, you piece of shit.
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KeyserSoze
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April 04, 2014, 09:38:49 PM |
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this bad boy is turning around. Prep rockets 3 and 4 for liftoff...
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Dr. LY
Member
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Activity: 90
Merit: 10
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April 04, 2014, 09:51:46 PM |
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Gonna tough for Huobi to rise anymore until the Chinese wake up. 620 coins to hit 2750
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 04, 2014, 09:51:52 PM |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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April 04, 2014, 09:53:19 PM |
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this bad boy is turning around. Prep rockets 3 and 4 for liftoff...
On this volume? You're insane. There's three thousand coins in limit asks between here and where I turned bearish. Hope you're right, though.
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p0peji
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April 04, 2014, 09:53:38 PM |
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