BTC drop to next level coming...bail the F out now!

[TERA]

This wave does seem a little 'stronger' and closer to the bottom than the previous one,  because more volume is being done by USD exchanges in the upper channel of the downtrend than there was in the last wave. Someone is accumulating early, expecting the next bottom to be the final bottom.

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[Heider]

Disclosure: I don't own bitcoin!  Just saying it like it is!!

Here you go...
 
... a perfect example of someone who have no idea what's they're talking about 

Enjoy your day mate!

Cheers
Heider

[rebel24]

BITCOIN IS BELOW ITS LONG TERM TRENDLINE. THIS IS BUY TIME

IT WAS BUY TIME EVEN AT $1000 BECAUSE IT HAS SUCH A STRONG TREND THAT IT WAS WORTH OVERPAYING(TO GET A POSITION)

NOW IT IS MONTHS BELOW WHERE IT SHOULD BE(Should be ~$650 right now, rising at .6% a day). AKA FUCKING AWESOME TIME TO BUY.




Here are the price details of VWAP:

Dec 1 2013 $280
Jan 1 2014 $336
Feb 1 $402
March 1 $483
April 1 $580
May 1 $694
June 1 $835
July 1 $1002
Aug 1 $1202
Sept 1 $1442
Oct 1 $1730
Nov 1 2077
Dec 1 $2493
Jan 1 2015 - $2991

ATH $1125 to be reached on July 23

[Heider]

Judging what I've seen yesterday, I will give it another 1.5 hours before I decide to buy,.

... great time to have a shower

[p0peji]

BITCOIN IS BELOW ITS LONG TERM TRENDLINE. THIS IS BUY TIME

IT WAS BUY TIME EVEN AT $1000 BECAUSE IT HAS SUCH A STRONG TREND THAT IT WAS WORTH OVERPAYING(TO GET A POSITION)

NOW IT IS MONTHS BELOW WHERE IT SHOULD BE(Should be ~$650 right now, rising at .6% a day). AKA FUCKING AWESOME TIME TO BUY.




Here are the price details of VWAP:

Dec 1 2013 $280
Jan 1 2014 $336
Feb 1 $402
March 1 $483
April 1 $580
May 1 $694
June 1 $835
July 1 $1002
Aug 1 $1202
Sept 1 $1442
Oct 1 $1730
Nov 1 2077
Dec 1 $2493
Jan 1 2015 - $2991

ATH $1125 to be reached on July 23

I want what you are smoking.

[piramida]

BITCOIN IS BELOW ITS LONG TERM TRENDLINE. THIS IS BUY TIME
...
ATH $1125 to be reached on July 23

I want what you are smoking.

Well apart from all the shouting he is actually right / conservative. Most people who know what is bitcoin agree that we are sitting on a rocket now. Buying coin now is just as smart  of a move as buying them at $5 in 2012 and $100 in $2013.

[TERA]

BITCOIN IS BELOW ITS LONG TERM TRENDLINE. THIS IS BUY TIME
...
ATH $1125 to be reached on July 23

I want what you are smoking.

Well apart from all the shouting he is actually right / conservative. Most people who know what is bitcoin agree that we are sitting on a rocket now. Buying coin now is just as smart  of a move as buying them at $5 in 2012 and $100 in $2013.

When we're talking about such huge numbers in increases  I don't see what the point is in in jumping the gun and buying early into a downtrend, rather than waiting till the downtrend reverses and confirms into an uptrend.  Let's take the increase from $5 (pre bottom) to $6(post bottom). You could have bought either which then increases to $1000. Does it really make a difference whether you bought at $5 or $6? The difference is that at $5 you were buying into a downtrend and then $6 came 6 months later after a reversal was confirmed and at $6 you are buying into an uptrend. So you paid an extra $1 to get security and immediate returns with your investment. Meanwhile, you gain 6 months to use your captital in some other crazy investment, potentially increasing it 10 times, so you can buy 10 times more coins when you're done.

[spazzdla]

6 Billion is a very small market cap... that is all, think about it.

[wobber]

6 Billion is a very small market cap... that is all, think about it.

Why do you guys keep talking about market cap?? And I'm not mocking anyone, it's just I can't see this term's utility in Bitcoin. We can trade 100 coins for 1000 USD daily, that doesn't mean the market cap is 12 Billion.

[DustyRah]

BITCOIN IS BELOW ITS LONG TERM TRENDLINE. THIS IS BUY TIME

IT WAS BUY TIME EVEN AT $1000 BECAUSE IT HAS SUCH A STRONG TREND THAT IT WAS WORTH OVERPAYING(TO GET A POSITION)

NOW IT IS MONTHS BELOW WHERE IT SHOULD BE(Should be ~$650 right now, rising at .6% a day). AKA FUCKING AWESOME TIME TO BUY.




Here are the price details of VWAP:

Dec 1 2013 $280
Jan 1 2014 $336
Feb 1 $402
March 1 $483
April 1 $580
May 1 $694
June 1 $835
July 1 $1002
Aug 1 $1202
Sept 1 $1442
Oct 1 $1730
Nov 1 2077
Dec 1 $2493
Jan 1 2015 - $2991

ATH $1125 to be reached on July 23

If you read any small print on any type of investment, there is one thing you will notice. PAST HISTORY DOES NOT IMPLY FUTURE PROSPECTS.

It does not matter what the price was and so on, what matters is how its weighing up right now. This crazy ass Chinese commi crap has to end before we see any stable direction on either side. It is bottom heavy at this time.

[piramida]

BITCOIN IS BELOW ITS LONG TERM TRENDLINE. THIS IS BUY TIME
...
ATH $1125 to be reached on July 23

I want what you are smoking.

Well apart from all the shouting he is actually right / conservative. Most people who know what is bitcoin agree that we are sitting on a rocket now. Buying coin now is just as smart  of a move as buying them at $5 in 2012 and $100 in $2013.

When we're talking about such huge numbers in increases  I don't see what the point is in in jumping the gun and buying early into a downtrend, rather than waiting till the downtrend reverses and confirms into an uptrend.  Let's take the increase from $5 (pre bottom) to $6(post bottom). You could have bought either which then increases to $1000. Does it really make a difference whether you bought at $5 or $6? The difference is that at $5 you were buying into a downtrend and then $6 came 6 months later after a reversal was confirmed and at $6 you are buying into an uptrend. So you paid an extra $1 to get security and immediate returns with your investment. Meanwhile, you gain 6 months to use your captital in some other crazy investment, potentially increasing it 10 times, so you can buy 10 times more coins when you're done.

I agree with that. $5 (on the way up) was when it was obvious that downtrend is broken / it consolidated there for quite a while / so that was a good place to buy, risky it was at $2-3. So the safest time to buy now would be on a way up, at about $800, however I do believe we are near a bottom and do not really care if there's much downside left yet or not, so why not buy double of what I'd buy at 800, right.

[Heider]

I am not sure it's on the bottom at the moment, people are assuming that it's China only. However, there are a lot more factors involved which are bringing up or down such as (current):

On the negative side:
1) Starting with MTGOX, I think we all know the story which brought it down almost to half.
2) Chinese government preventing it's banks from using Bitcoins etc.
3) A state in America banning Bitcoin transactions in wine-trading due to younger age etc.
4) Boris Johnson (UK) announcing that the currency is untraceable and used in all sorts of criminal activities when abroad etc.
5) Google removing some apps (screen savers) after discovering they have malware to do BTC mining.
6) Amazon not wanting to use it due to huge fluctuations in the US/BTC rate when interviewed.

On the positive side:
1) MTGOX's story about the currency being vulnerable to forging seems to have no real base, some speculations of; most likely he took-off with the money and filed for bankruptcy...
2) Banks in the US introducing the first BTC machine to use it publicly.
3) Some worldwide stores and traders are starting to accept BTC.

Now, theories that might be said to take it "really" down or cause havoc:
1) What if MTGOX theory of someone forging a BTC (i.e. copying it to many or something) is actually correct?!... Just imagine someone pumping BTCs into the market to dry out USDs?!..
2) What if another government decided to ban the use of it just like what China did?
3) What if China decided to "Oh you know what!?... We LOVE BTCs, who said anything about Banning?! "...
4) What if China have decided to make it's own BTC instead?!... I know... long shot, but what it?!...
5) Litecoin around the corner growing up ?!...

Anyway, please don't think that after this downturn that things are going to be hunky-dory,.. there is a lot  going on at the moment and yet nobody knows the future for sure.

Stay wise, that's all I would do for now... Or, use the force Luke... 

Regards
Heider

[uhoh]

I am not sure it's on the bottom at the moment, people are assuming that it's China only. However, there are a lot more factors involved which are bringing up or down such as (current):

On the negative side:
1) Starting with MTGOX, I think we all know the story which brought it down almost to half.
2) Chinese government preventing it's banks from using Bitcoins etc.
3) A state in America banning Bitcoin transactions in wine-trading due to younger age etc.
4) Boris Johnson (UK) announcing that the currency is untraceable and used in all sorts of criminal activities when abroad etc.
5) Google removing some apps (screen savers) after discovering they have malware to do BTC mining.
6) Amazon not wanting to use it due to huge fluctuations in the US/BTC rate when interviewed.

On the positive side:
1) MTGOX's story about the currency being vulnerable to forging seems to have no real base, some speculations of; most likely he took-off with the money and filed for bankruptcy...
2) Banks in the US introducing the first BTC machine to use it publicly.
3) Some worldwide stores and traders are starting to accept BTC.

Now, theories that might be said to take it "really" down or cause havoc:
1) What if MTGOX theory of someone forging a BTC (i.e. copying it to many or something) is actually correct?!... Just imagine someone pumping BTCs into the market to dry out USDs?!..
2) What if another government decided to ban the use of it just like what China did?
3) What if China decided to "Oh you know what!?... We LOVE BTCs, who said anything about Banning?! "...
4) What if China have decided to make it's own BTC instead?!... I know... long shot, but what it?!...
5) Litecoin around the corner growing up ?!...

Anyway, please don't think that after this downturn that things are going to be hunky-dory,.. there is a lot  going on at the moment and yet nobody knows the future for sure.

Stay wise, that's all I would do for now... Or, use the force Luke...  

Regards
Heider

I believe you may want to read up on Transaction Malleability (not that it's even proven that was the reason for the loss). There is no such thing as a forged or copied coin. There is, however, such thing as a fat idiot who writes SSH servers in PHP not correctly implementing the protocol AND not accounting properly. And being fat.



(I'm not bitter or anything)

[leopard2]

Belly fat is bad for brain, that's a fact 

[rjp55]

I usually go to guys with names like Dustyrah who tell me to get the F out while I can for investment advice. It leads to great success.

[counter]

All I can say is prepare yourselves to buy back in more if the price falls.  This is an opportunity if you ask me.

[Wilhelm]

They're shaking weak hands, HODL!!

[counter]

Well said.  This is the same old story lol.  I wonder how long it takes for people to understand it.

[YipYip]

Well said.  This is the same old story lol.  I wonder how long it takes for people to understand it.

equity investmnet is usually for 2-5 years ...so instead of everybody looking at the "GET RICH QUICK" scheme not panning out within 4 weeks

nigga please .....you gotta smoke ya crack and biatch slap ya whores ....by jizzle my fizzle crypto investments dont need no minding 

[DustyRah]

I usually go to guys with names like Dustyrah who tell me to get the F out while I can for investment advice. It leads to great success.

lol!  

Check this post when I gave out the GTFO signal...https://bitcointalk.org/index.php?topic=413064.0