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Showing 20 of 50 results by BitSlut69
Maybe we should split the bitcoins in inches or feet? Hardly anyone in the world is using the metric system, right...?
I agree, the metric system is way too confusing. Lets use degrees instead of feet though. We can then split a bitcoin into 360 separate units called degree bitcoins, or dBTC. Then dBTC can each be split into 60 minutes per degree and 60 seconds per minute.
That is way easier than this metric system fad.
Come on bears, grow some balls. It is not "correction o'clock" every two weeks. You had your correction already, you should have made the most of it while you had the chance.
Yes, exactly. A correction is not the same as a crash. The next correction could be from $250 to $220 or from $400 to $350.
These flash crashes don't seem to change the overall up trend. The previous correction has indeed been completed, there probably won't be another crash in the immediate future.
I believe that the price is being manipulated by people who don't care about the long-term success of Bitcoin. I believe they will continue to induce wild and unexpected runs and crashes in order to create panic buying near the top and panic selling near the bottom. They scoff at the true believers as they rake in their profits.
I believe the only way to accurately call the tops and bottoms would be to be priivy to their plans.
I also believe it is possible to profit from their artificial volatility by gradually selling all the way up, and using that fiat to back buy orders at lower prices on the way back down. For example, sell at $160 and place a buy order for slightly more coins at $150. Repeat every few points.
In order to succeed at this strategy, you must not buy in a panic when it seems the price will never crash again, and not cancel your buy orders in a panic when it all seems to be falling apart. Their goal is to make you panic and lose money. You have to be smarter than they think you are.
I believe the only way to accurately call the tops and bottoms would be to be priivy to their plans.
I also believe it is possible to profit from their artificial volatility by gradually selling all the way up, and using that fiat to back buy orders at lower prices on the way back down. For example, sell at $160 and place a buy order for slightly more coins at $150. Repeat every few points.
In order to succeed at this strategy, you must not buy in a panic when it seems the price will never crash again, and not cancel your buy orders in a panic when it all seems to be falling apart. Their goal is to make you panic and lose money. You have to be smarter than they think you are.
By day trading like that you are enabling the manipulators you speak of. Just hold your coins and you are keeping the price more stable.
Im surprised to see so much gold hate by people who like bitcoin. BTC is easier to spend snd transfer, but like gold its value is not based on its inherent value. What is a 256 bit private key, some bites on a computer worth?
The value of each comes from their inherent property. Scarcity, inability to make forgeries, transferable, and easy to store. Why maintain vehicles, property, etc when you can just hold onto a few bars of gold or some BTC?
They serve the same functions for the same reasons. BTC has more ease of use, but gold is more stable and longer tested as a commodity that serves as money.
The value of each comes from their inherent property. Scarcity, inability to make forgeries, transferable, and easy to store. Why maintain vehicles, property, etc when you can just hold onto a few bars of gold or some BTC?
They serve the same functions for the same reasons. BTC has more ease of use, but gold is more stable and longer tested as a commodity that serves as money.
Re: Should someone who bought in at $150 sell and cut their losses NOW or hold?
As long as that $300 isn't going to cause you or your family any hardship, just keep it invested long term. In a year or two it may double or triple. Nobody knows what will happen for sure, but $300 isn't usually life and death and there is a potential for BTC to get huge at some point.
Long term BTC is basically going to go to $1000 or more, or to $0. For $300 I would just wait and see.
Long term BTC is basically going to go to $1000 or more, or to $0. For $300 I would just wait and see.
Guys, please dont feed the troll.
In other news, getting past 80 will be a good indicator that we are back on track for the stratosphere.
In other news, getting past 80 will be a good indicator that we are back on track for the stratosphere.
+1, I think we could see a pass through $80 this week, with a lot of volatility up and down afterward, and then in the coming weeks some stability (as much as you can get in bitcoin anyway) around $100.
Wow, that is not as doomey and gloomey as your usual outlook. You were saying single digits a few days ago weren't you?
Re: People were willing to buy at $65 a few minutes ago....
Nobody is expecting to see support at $50? I want to buy a few more BTC while it is low. Just waiting to see how low it will go I suppose. Wondering if I should put a limit buy at $51 or just wait for an even lower price.
What would be the effect of gold and silver crash on bitcoin? I suspect many bitcoiners are also gold/silver bugs. Would they sell bitcoin to cover their loss in PM? Or they would move their investment from PM to BTC?
Maybe sell BTC to buy PM, or buy PM with BTC if possible. If BTC were at $150 or so I would seriously consider doing that myself.
What people need to realize is this lowers the barrier to entry for the average joe. All those new "verification" on MtGox will go through. The next "bubble" will be at $500 or $1000. Get your popcorn ready...
After a crash from $266 to $55 is another round on the way? If you have/had money to throw in would you, are you? I don't know it is possible we could see another bubble but, I doubt it will cross $266. I also think all we are seeing today is a new bull trap. Two bubbles in a row does not generally happen. And after such a massive loss in value a bigger bubble seems even more unlikely to me. There were some interesting charts that showed before the last rally Mar 17. that the price should be about $100 from Jan. I think that is why we see the price we see today. It is still just speculation but, it is at least more sane speculation than the past 4 weeks. I expect next week to see the price go down or mostly sideways. If it goes above $120 I'll be shaking my head.
I believe what we saw was an orchestrated sell-off and DDOS. That can't happen every day. The fundamentals are there and lots of people want to buy more bitcoins. There will be more ups and downs, but a crash to $50 or below seems extremely unlikely to me. If such a crash does happen myself and others will use the opportunity to buy cheap coins.
Looks to me like the bottom has been hit and we're seeing a lot of support at $70 - $80. It won't go below $50 and it will be back near $100 next week. Check back in a week, a day, whatever you like. I'm willing to bet 3 internet points.
proudhon says it is going below $1. That is how we know this is the bottom and we're heading back up. Hopefully it will be a more gradual rise this time so the exchanges can grow and handle the increased demand.
Yes the last two weeks of growth was unsustainable and now we've seen a correction. To say that BTC is going down to sub-dollar levels is foolish.
A correction like this is usually an over reaction, just as the rise was. We're seeing lots of support at $70 - $80 so I think that is the low side and we'll be back around $100 by the end of next week.
I really don't think we'll see BTC below $50 because of this. The worst is behind us and we're still on track for massive growth this year. This is a buying opportunity.
A correction like this is usually an over reaction, just as the rise was. We're seeing lots of support at $70 - $80 so I think that is the low side and we'll be back around $100 by the end of next week.
I really don't think we'll see BTC below $50 because of this. The worst is behind us and we're still on track for massive growth this year. This is a buying opportunity.