September and October will be eventful.

[FNG]

Agree. Only with low volatile asset trading can you easily separate emotions with logic. BTC however, is highly volatile, it can gain $20 today, lose $40 tomorrow. High volatility in my opinion is normally high emotions and uncertainty. Your typical investment rational strategy is not effective with highly volatile assets.

While some people have allotted a certain portion of their "wealth" to bitcoin and will allow things to play out without even considering selling during crashes.

Potential upside is vastly greater than the potential loss so the risk is worth taking. Let it ride

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[FNG]

We are on the verge of panic buying and seller strikes.  ....

Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.

I think you may be underestimating where the price could go this fall.

I have been in NYC the past two weeks working on several very significant Bitcoin related projects.

Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?

Thanks!

[Wekkel]

$1,000 in 2013 would mean a drastic price rise, a major melt up. Frankly, I don't see that happening but he, this is Bitcoin 

[BitChick]

Seriously!?

The real world is a lot different from what you think it is. I do not want to offend you, but what is quoted above is just so not true, it hurts. To clarify, I do not trade at all, but most trades out there are driven by two simple emotions: fear and greed. In Bitcoin even more so than in other markets.

Who trades with fear and greed? If you don't trade yourself, how would you know?
You only trade with money you can freely lose, so what would you be afraid of?


I'm trading bitcoins, and I am not greedy, I have a strategy with "take profits" and "stop loss". I don't change it because I feel it right to change it  

I think new people entering the market will do what I did in April.  I was new and then thought, "Wow.  I can't believe how fast the price is rising.  I should have bought more when I first invested."  Not knowing how far the price would rise I then decided to invest as much as I could afford to lose.  It was a bit of an "emotional" investment at that point.  Of course the market then crashed.  I did not sell low though.  I just figured that there would be a rebound at some point, which there is now.  This time around I plan on selling half of my stash when the price doubles for what I paid and then I will buy more if the price does crash.  If it never crashes again then I have a small little stash of BTC that I did not pay anything for at least so it becomes a zero risk investment regardless of what it does at that point.  That is my thinking anyways.

[Hyena]

zero risk investment? there's no such thing.

Anyway, align yourself with the universe and listen to your heart while sending unconditional love to everyone and everything. Then, you can enhance your trading strategy by adding the gut feeling component which will be the truest of them all.

[byronbb]

zero risk investment? there's no such thing.

But the banks will sell you that ILLUSION, usually in the form of a home valuation that "always goes up".

[kokjo]

Vladimir - manipulating the price since 2009.


Remember people: this is all speculation until it's history.

[RationalSpeculator]

Vladimir - manipulating the price since 2009.

lol

[sunnankar]

I have been in NYC the past two weeks working on several very significant Bitcoin related projects.

Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?

Wish I could.

Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.

And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.

If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).

This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!

[Carlton Banks]

I expect that Bond & Stock Market uncertainty will drive the price on Vladimir's suggested timescale, and also that the Chinese state will fight the Syrian war in part via BTC price proxy. I was going to put the cheesy smiley, but on second thoughts, it's not so appropriate to defuse the disbelief of the solipsists anymore; if you don't think that either general market crashes or state inervaention in the BTC price are likely events, then you've got alot of lessons to learn in realism. I'm hoping there aren't too many lessons in realism for us all that emerge from the current geo-political trajectory. John Kerry is a scary kind of (former) peace activist.

[BitChick]

I have been in NYC the past two weeks working on several very significant Bitcoin related projects.

Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?

Wish I could.

Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.

And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.

If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).

This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!

I like wild rides.  They are fun.  The drops are a little scary but it is fun at the peaks.

[smoothie]

We are on the verge of panic buying and seller strikes.  ....

Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.

I think you may be underestimating where the price could go this fall.

I have been in NYC the past two weeks working on several very significant Bitcoin related projects. I think there is a possibility we could see a major price melt-up based on fundamentals to $1,000+, perhaps even $5,000+ and then a crash if the markets get particularly unruly, bitcoins over the next 6 months.

When this guy speaks ^ be sure to listen.

[RationalSpeculator]

I have been in NYC the past two weeks working on several very significant Bitcoin related projects.

Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?

Wish I could.

Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.

And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.

If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).

This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!

Sure but all these things take time.

I remember when prices were going vertical in April, still around $180 you were posting similar bullish stories.

It collapsed for months afterwards, hitting $70 several times, and cannot remember bullish posts from you at those lows. Now that price has been going straight up for 2 months crossing $140 again you are back?

I'm not impressed with your timing of bullish posts here on the forum!

[BitChick]

I have been in NYC the past two weeks working on several very significant Bitcoin related projects.

Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?

Wish I could.

Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.

And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.

If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).

This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!

Sure but all these things take time.

I remember when prices were going vertical in April, already around $200 you were posting similar bullish stories.

It collapsed for months afterwards and no posts from you about the price. Now that price goes vertical again you are back?

I'll forgive you since you are always bullish, also on lows, but I'm not impressed with your timing lately.

Maybe the lack of comments on the lows was because he knew that it was just a matter of time before we would be back up again?  I think so many people panicked during the past few months.  Since I am generally very bullish I just held on during the lows with some assurance that we would eventually get back into a bull run at some point.

[flagel8]

- This time around I plan on selling half of my stash when the price doubles for what I paid and then I will buy more if the price does crash.  If it never crashes again then I have a small little stash of BTC that I did not pay anything for at least so it becomes a zero risk investment regardless of what it does at that point.  That is my thinking anyways.

^ Excellent thinking! Totally approve. But do you have the discipline? When your sell price is reached, will you pull the trigger?

Besides Bitcoin, as we all know is DIFFERENT!

Well, it may actually be.

[thezerg]

I have been in NYC the past two weeks working on several very significant Bitcoin related projects.

Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?

Wish I could.

Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.

And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.

If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).

This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!

Sure but all these things take time.

I remember when prices were going vertical in April, already around $200 you were posting similar bullish stories.

It collapsed for months afterwards and no posts from you about the price. Now that price goes vertical again you are back?

I'll forgive you since you are always bullish, also on lows, but I'm not impressed with your timing lately.

Maybe the lack of comments on the lows was because he knew that it was just a matter of time before we would be back up again?  I think so many people panicked during the past few months.  Since I am generally very bullish I just held on during the lows with some assurance that we would eventually get back into a bull run at some point.

sunnankar is a professional investment advisor.  When BTC crashed (and who could have predicted it between 100 to 500) of course it becomes necessary to look at other things. If you are a painter sometimes you paint houses, sometimes bridges or boats.  But I did not hear sunnankar "dumping" bitcoin... he probably just had to do other stuff for awhile.  Whales make the same mistakes as the majority, following trends.

RS, start thinking rationally not emotionally here.  (sorry that you sold :-))  Put the post in its context.  This venue makes it extremely unlikely that it is a "pump" attempt, as compared to the broader media outlets that sunnankar has access to or even the wall observer thread.

I am glad to hear about a resumption of activity, esp. in the USA.  Clearly the effect of the Bitcoin Foundation's meeting was to ease some fundamental risk factor in some participants and their friends' minds.  Something fundamental and non-specific -- like maybe that BTC would be simply declared illegal in USA... 

[RationalSpeculator]

sunnankar is a professional investment advisor.  When BTC crashed (and who could have predicted it between 100 to 500) of course it becomes necessary to look at other things. If you are a painter sometimes you paint houses, sometimes bridges or boats.  But I did not hear sunnankar "dumping" bitcoin... he probably just had to do other stuff for awhile.  Whales make the same mistakes as the majority, following trends.

RS, start thinking rationally not emotionally here.  (sorry that you sold :-))  Put the post in its context.  This venue makes it extremely unlikely that it is a "pump" attempt, as compared to the broader media outlets that sunnankar has access to or even the wall observer thread.

You are twisting my words.

I did not say he is dumping bitcoins on lows, nor have I sold mine. I sold some, kept some.

Just like so many others sunnankar his timing is poor. His most bullish posts appear at tops. At bottoms he is silent here. At least since I follow him end 2012.

This is not emotional analyses, just empirical observation.

I like his interviews and it's thanks to him also that I started seeing and understanding bitcoin. I agree with his long term bullish stand, I criticise his short term poor timing here on the speculation forum.

[thezerg]

sunnankar is a professional investment advisor.  When BTC crashed (and who could have predicted it between 100 to 500) of course it becomes necessary to look at other things. If you are a painter sometimes you paint houses, sometimes bridges or boats.  But I did not hear sunnankar "dumping" bitcoin... he probably just had to do other stuff for awhile.  Whales make the same mistakes as the majority, following trends.

RS, start thinking rationally not emotionally here.  (sorry that you sold :-))  Put the post in its context.  This venue makes it extremely unlikely that it is a "pump" attempt, as compared to the broader media outlets that sunnankar has access to or even the wall observer thread.

Just like so many others sunnankar his timing is poor. His most bullish posts appear at tops. At bottoms he is silent here. At least since I follow him end 2012.

This is not emotional analyses, just empirical observation.

I like his interviews and it's thanks to him also that I started seeing and understanding bitcoin. I agree with his long term bullish stand, I criticise his short term poor timing here on the speculation forum.

RS, I'd like to gently pull seniority on you here.  Sunnankar has been doing bullish posts since I joined early 2012, with BTC < $5.  He's been bullish the entire time, which is consistent with a financial advisor, BTW.  These guys and their clients are not day traders.

There's no "bad timing" here. There's no timing at all.  He's looking at a 5+ year horizon.

[Kazu]

You only trade with money you can freely lose, so what would you be afraid of?

Thats the biggest joke of all time.

[Hyena]

- This time around I plan on selling half of my stash when the price doubles for what I paid and then I will buy more if the price does crash.  If it never crashes again then I have a small little stash of BTC that I did not pay anything for at least so it becomes a zero risk investment regardless of what it does at that point.  That is my thinking anyways.

^ Excellent thinking! Totally approve. But do you have the discipline? When your sell price is reached, will you pull the trigger?

Besides Bitcoin, as we all know is DIFFERENT!

Well, it may actually be.

My initial trigger was set to 100$ but when I saw just how rapidly the price was increasing I cancelled my trigger, it's now set to 1000$. Also, to pull out funds the price should be somewhat stabilized. Cashing out during a rapid uptrend is a gamble for short-term traders, trying the outsmart the forming bubble. I would go for long term gains, eliminating bubbles from the equation.