arxwn
Newbie
 Offline
Activity: 56
Merit: 0
|
 |
September 24, 2014, 07:33:25 PM |
|
It's all voodoo, but if enough people buy into it then it becomes a self fulfilling prophecy. I remember in mid May lots of chartists made arguments that a bunch of things had just come together to stop the downward trend, bunches of lines were all coming together for the first time in months (I'm not an astrologer so it's above my understanding). Then boom on May 20th we had the run to $600 right as all these lines hit. Self fulfilling prophecy, but I've learned to listen to a few of them for impact on longer multi-month cycles. now what? Gradual rise to test the ATH @$1.1k-1.2k by the end of 2015. I think the one thing we can say for sure is whatever happens, it won't be "gradual" through end of 2015. Bitcoin is always stable, until it isn't. gives us some good prognosticators |
|
|
|
|
|
|
|
|
|
|
|
|
|
"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
September 24, 2014, 08:08:31 PM |
|
as gold continues to collapse, why would you sell your Bitcoin?
remember, there's an $8T gold mkt out there.
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
September 24, 2014, 09:08:30 PM |
|
|
|
|
|
|
Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
|
|
September 24, 2014, 09:24:58 PM |
|
I'm not sure we can compare exchanges with and without fees. So all statistics are not quite accurate (maybe errors by order of magnitude) |
|
|
|
|
sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
|
|
September 24, 2014, 09:29:51 PM |
|
S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
|
|
|
|
|
|
Pruden
|
|
September 24, 2014, 09:33:24 PM |
|
S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
High-Yield bonds are already falling clearly, that's where real shorters are. The stocks bull market has not got more than 6 months left. |
|
|
|
|
sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
|
|
September 24, 2014, 09:49:16 PM |
|
S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
High-Yield bonds are already falling clearly, that's where real shorters are. The stocks bull market has not got more than 6 months left. 6 months turn into a few years pretty fast, the reason I saw a few years is becuase noone expects it. When you have trades/actively in markets for a while you come to realize that NOTHING is what it seems especially indicators telling you something is about to happen, usually your hunch is right but timing is never right... thus 6 months is way off. Plus we havent had the final stock bubble where tom and jerry come back in and become suckers again for the final time. Bond vigilanties are too concerned about the short term, thus the ones that participated in driving yields up when italy/spain happened a few years ago are nowhere to be found, and really the can has been kicked hasn't it? I bet you thought that was the EU end game right there didn't you? My advice, don't short the market and lose your shirt, the bull is too strong here. |
|
|
|
|
arxwn
Newbie
Offline
Activity: 56
Merit: 0
|
|
September 24, 2014, 10:11:51 PM |
|
Everybody sees a big change in 3-5 years, it's like a mental bias or something.
|
|
|
|
|
sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
|
|
September 24, 2014, 10:15:15 PM |
|
Everybody sees a big change in 3-5 years, it's like a mental bias or something.
But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops. |
|
|
|
|
arxwn
Newbie
Offline
Activity: 56
Merit: 0
|
|
September 24, 2014, 10:23:51 PM |
|
Everybody sees a big change in 3-5 years, it's like a mental bias or something.
But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops. It's funny, every other 15 year old has a big insight and shares it here. btc is dead, btc is the king, it's like energy drink induced tandrums with every price move. |
|
|
|
|
sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
|
|
September 24, 2014, 10:29:14 PM |
|
Everybody sees a big change in 3-5 years, it's like a mental bias or something.
But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops. It's funny, every other 15 year old has a big insight and shares it here. btc is dead, btc is the king, it's like energy drink induced tandrums with every price move. So are you saying everyone is 15 years old here because offer insights? Those 15 year olds have extensive experience in the markets too? If so I'd take their insights any day! |
|
|
|
|
arxwn
Newbie
Offline
Activity: 56
Merit: 0
|
|
September 24, 2014, 10:45:03 PM |
|
Everybody sees a big change in 3-5 years, it's like a mental bias or something.
But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops. It's funny, every other 15 year old has a big insight and shares it here. btc is dead, btc is the king, it's like energy drink induced tandrums with every price move. So are you saying everyone is 15 years old here because offer insights? Those 15 year olds have extensive experience in the markets too? If so I'd take their insights any day! Obviously I'm here for the collective knowledge otherwise there is no value to me, that means that I have to distinguish between useful posts and crapy posts. What, I'm saying that we have kids running around offering "big insights" without any or very little explanations. I'm talking about the barage of "doom and gloom" and "to the moon" posts. I wouldn't censor anybody, however it is becoming increasingly difficult spotting diamond posts. |
|
|
|
|
sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
|
|
September 24, 2014, 10:49:09 PM |
|
Everybody sees a big change in 3-5 years, it's like a mental bias or something.
But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops. It's funny, every other 15 year old has a big insight and shares it here. btc is dead, btc is the king, it's like energy drink induced tandrums with every price move. So are you saying everyone is 15 years old here because offer insights? Those 15 year olds have extensive experience in the markets too? If so I'd take their insights any day! Obviously I'm here for the collective knowledge otherwise there is no value to me, that means that I have to distinguish between useful posts and crapy posts. What, I'm saying that we have kids running around offering "big insights" without any or very little explanations. I'm talking about the barage of "doom and gloom" and "to the moon" posts. I wouldn't censor anybody, however it is becoming increasingly difficult spotting diamond posts. Diamonds aren't diamonds without cubic zirconia's.. those that can see the diamonds from the zirconia's are trained to see quality. |
|
|
|
|
|
zeetubes
|
|
September 24, 2014, 11:51:16 PM |
|
as gold continues to collapse, why would you sell your Bitcoin?
remember, there's an $8T gold mkt out there.
It would be more satisfying to take a slice of the daily forex pizza. "According to the Bank for International Settlements, foreign-exchange trading increased to an average of $5.3 trillion a day. To put this into perspective, this averages out to be $220 billion per hour." |
|
|
|
|
|
zeetubes
|
|
September 25, 2014, 12:09:17 AM |
|
I'm not sure we can compare exchanges with and without fees. So all statistics are not quite accurate (maybe errors by order of magnitude) Alibaba is taking direct aim at Amazon and Walmart. Chinese companies are becoming more and more comfortable about competing in established overseas markets and their exchanges must have implicit support from the chinese government. |
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
September 25, 2014, 01:03:49 AM |
|
Gold & silver dump picking up speed after hours.
|
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
September 25, 2014, 01:04:43 AM |
|
Gold & silver dump picking up speed after hours.
 |
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
September 25, 2014, 04:31:27 AM |
|
$DXY lifting off like i've been warning. can't see how this is good for any risk asset, especially gold, except for Bitcoin:  |
|
|
|
|
|
Bassica
|
|
September 25, 2014, 12:18:06 PM |
|
From cypher's twitter:
"its also the way out for the Millennials to escape the debt hole we Boomers r forcing upon them."
This tweet really grabbed me. Very interesting thought, fascinating actually. I'll be pondering about this one the coming days. Thanks for the inspiration.
|
|
|
|
|
|
|
|
Poll
