Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
XCASH
on 29/04/2016, 21:32:55 UTC
Quote from: Denker on April 29, 2016, 07:01:46 PM
Quote from: XCASH on April 29, 2016, 06:46:18 PM
Quote from: JayJuanGee on April 29, 2016, 06:15:29 PM
Quote from: finkelsteinMonster on April 29, 2016, 06:02:58 PM
Quote from: finkelsteinMonster on April 29, 2016, 03:33:52 PM
Fun Fuct: A Judas goat is an animal trained to lead a heard of sheep to the slaughter, without itself being killed.

Not sure how this is relevant to Bitcoin, but I'm all in. Buy buy buy! Smiley

Feels good to be all in...


I am at the point that I try not to go all in.... even when upward is looking pretty likely.

A couple of days ago, when we were at $470, I was feeling like I didn't have enough bitcoin in my BTC holdings because the nearly steady upward prices from about $403 to $470 over the previous 6 weeks had caused my BTC funds to go from 96% BTC allocation down to about 92% BTC allocation...

However, the most recent downward correction allowed me to correct what I had begun to feel as an overallocation in fiat, and I a now a little over 96% BTC again.... Surely it feels like not a bad place to be, especially when there currently seems to be a lot of upwards pressures, there was a decent correction and chances of continued upwards are looking fairly decent, at least, at the moment... and looks like we could possibly break through the $467 this time?  

The crash from $470 was about the time the fed announced it was leaving rates unchanged. However, today there was a government financial report released that's only released once every few years. It says fiat's fuc*!d for for foreseeable future. It might get people buying Bitcoins again.


Do you have a source or link for that report?
Would like to have a look at it as I have found nothing in online news.

Sorry, I can't remember where I read it, although I spent hours trying to find it again.

However, today's financial times front page says there are now serious doubts about the US economy's health.




Also, remember how Bitcoin shot up in price during last summer's Grexit crisis. Well apparently there is a giant storm brewing again. There are doubts Greece will pay its looming debt payment. Europe wants more austerity measures out of Greece before it will pay its next loan instalment, and Greece is again refusing extra austerity. Unless Greece gets its next loan instalment from the EU fast it will have to default on its looming debt payment.

EU rejects Greek request for emergency summit