(06-17-2016 09:55 AM)Isaac Jordan Wrote:  

(06-17-2016 01:27 AM)JayJuanGee Wrote:  Anyone else have a prediction or observation regarding our current state in bitcoin?

Prediction: Bitcoin breaks $1,000 before or just after the halving.

Causes: The upcoming halving, Brexit worries, Chinese capital controls, expanded internet/smart phone access in Africa, Venezuelan apocalypse/hyperinflation, comparably low returns to stocks and other general economic malaise, uncertainty regarding the U.S. presidential election, fears about another global economic crash(another housing bubble, or student loans, or more national debt defaults, etc.)

...

I don't want to be a broken record, but seeing as there will likely be plenty of newcomers to this thread in the near future I'd like to re-post my prediction/observation from back in January:

Quote:The Gartner Hype Cycle describes the visibility and adoption of a new technology over time:

1. Technology Trigger: A potential technology breakthrough kicks things off. Early proof-of-concept stories and media interest trigger significant publicity. Often no usable products exist and commercial viability is unproven.

2. Peak of Inflated Expectations: Early publicity produces a number of success stories—often accompanied by scores of failures. Some companies take action; most don't.

3. Trough of Disillusionment: Interest wanes as experiments and implementations fail to deliver. Producers of the technology shake out or fail. Investments continue only if the surviving providers improve their products to the satisfaction of early adopters.

4. Slope of Enlightenment: More instances of how the technology can benefit the enterprise start to crystallize and become more widely understood. Second- and third-generation products appear from technology providers. More enterprises fund pilots; conservative companies remain cautious.

5. Plateau of Productivity: Mainstream adoption starts to take off. Criteria for assessing provider viability are more clearly defined. The technology’s broad market applicability and relevance are clearly paying off.

Let's compare the Hype Cycle to bitcoin's progress thus far:

Hype Cycle:



Bitcoin in USD, 2009-present (updated to June 17th 2016):

It is my firm belief that we have exited the Trough and are now well into the Slope of Enlightenment.

I say this not only due to the recent surge in price, but also

1) the large increase in venture capital investments/Bitcoin startups

2) heightened visibility and (semi-) mainstream adoption worldwide leading to an exponential increase in bitcoin's network effect

3) a decrease in fear and skepticism due to Bitcoin's longevity and stubborn refusal to die

...

While I bought a good number of coins back in February, I've been doing well enough financially that I am considering moving more of my cash into Bitcoin.

I certainly don't see it going down any time soon, what with all the reasons listed above, and even though the tax implications in the U.S. disincentivize selling in the short-term (< 1 year), it's easy enough to switch out coins for cash should an emergency occur.

...

Very interested to see what thoughts other RVF Bitcoiners have to share. A devil's advocate-type approach to my unbridled enthusiasm would certainly be appreciated.

As you likely realize, I'm largely in agreement with your point of view; however, I would quibble a little bit with your suggesting that $1,000 is some kind of pivotal or meaningful point for bitcoin.... yet I understand that I read about this $1,000 a lot; however, bitcoin has already been there so in my thinking it is not really a pivotal point...

In my current thinking we have one point of resistance in the $750 to $850 price arena, and then the next point of resistance is likely going to be in the $3k to $5k arena... Sure there can be a lot of variations of those kinds of resistance points, because real people, news and assets are at stake that can cause some unexpected unravellings.

Regarding your other personal investment thinking.. you could be correct that lump sum may be o.k... but it may be a bit better to consider part of that money as lump sum and another part as dollar cost averaging... just as an overall and potentially safer approach to attempt to catch dips.. even though there is a decent chance that we are currently on the rocket pad.

By the way is some of your lump sum funding currently available.. like within days, or will it take some time to get access to it?

(06-17-2016 12:44 PM)JayJuanGee Wrote:  As you likely realize, I'm largely in agreement with your point of view; however, I would quibble a little bit with your suggesting that $1,000 is some kind of pivotal or meaningful point for bitcoin....

You're right in that $1k is a rather arbitrary number, but people tend to think in terms of nice, round numbers (especially in powers of 10), and it's my hunch that many subconsciously consider $1k a sort of "ceiling" that, once broken, may see the release of some pent-up demand. This is of course referring more to the latest bitcoin bandwagoners, not the folks who were around in 2013 to see that spike.

Quote:Regarding your other personal investment thinking.. you could be correct that lump sum may be o.k... but it may be a bit better to consider part of that money as lump sum and another part as dollar cost averaging...

That's essentially my thinking.

I still have a large amount of fiat cash I've always kept as an "emergency" fund, but with my current financial situation having improved so rapidly there's really no reason to leave it all sitting in an online savings account that doesn't even beat inflation. I figure I'll move ~50% to bitcoin by buying the dips when/if they occur over the next week or so.

Quote:By the way is some of your lump sum funding currently available.. like within days, or will it take some time to get access to it?

I have my all my coins in a mix of Circle and Coinbase accounts. Been meaning to create a paper wallet for the bulk of it but haven't found the time yet.

With all the changes lately I'm wondering if that's still the best option, or if I should just open another type of wallet or two and spread the risk across multiple third parties, should I need to access the coins for some reason.

(06-17-2016 02:47 PM)Isaac Jordan Wrote:  

(06-17-2016 12:44 PM)JayJuanGee Wrote:  As you likely realize, I'm largely in agreement with your point of view; however, I would quibble a little bit with your suggesting that $1,000 is some kind of pivotal or meaningful point for bitcoin....

You're right in that $1k is a rather arbitrary number, but people tend to think in terms of nice, round numbers (especially in powers of 10), and it's my hunch that many subconsciously consider $1k a sort of "ceiling" that, once broken, may see the release of some pent-up demand. This is of course referring more to the latest bitcoin bandwagoners, not the folks who were around in 2013 to see that spike.

Quote:Regarding your other personal investment thinking.. you could be correct that lump sum may be o.k... but it may be a bit better to consider part of that money as lump sum and another part as dollar cost averaging...

That's essentially my thinking.

I still have a large amount of fiat cash I've always kept as an "emergency" fund, but with my current financial situation having improved so rapidly there's really no reason to leave it all sitting in an online savings account that doesn't even beat inflation. I figure I'll move ~50% to bitcoin by buying the dips when/if they occur over the next week or so.

Quote:By the way is some of your lump sum funding currently available.. like within days, or will it take some time to get access to it?

I have my all my coins in a mix of Circle and Coinbase accounts. Been meaning to create a paper wallet for the bulk of it but haven't found the time yet.

With all the changes lately I'm wondering if that's still the best option, or if I should just open another type of wallet or two and spread the risk across multiple third parties, should I need to access the coins for some reason.

The wallet on Blockchain.info would be a decent and potentially quick compliment to what you are currently doing and even considering various additional steps towards bitcoin wallets that you may take in the future.

In the below discussion, there is a nice looking chart in the top link describing that we are still in the early adopter phase of bitcoin, and various posts in the thread make the assertion that we have not seen nothing yet in respect to bitcoin growth.

https://www.reddit.com/r/Bitcoin/comment...the_chasm/

Where are the Ethereum comparison/contrasts now?


Yeah, you could have made a lot of money in ethereum, if you bought lower than you sold, but a lot of folks got screwed too with the sudden collapse that is ongoing. It's gonna be lucky to retain $5 value in the coming months.. which seems to be what I had already said regarding the downside risk of ETH is likely a lot worse than bitcoin.

Anyhow, there is no guarantees with any of these cryptos, and depending if you want to get in and out, various other cryptos can be very profitable... but bitcoin remains a whole hell of a lot more stable and secure as an investment than any other crypto, here to date... but even with bitcoin we are entering into (may have already entered into) a relatively volatile period, so each of us guys need to take reasonable measures to attempt to protect ourselves, to the extent feasible from such expected ongoing volatility.

Jays mom must've sold off a few hours ago.

(06-18-2016 05:10 PM)el mechanico Wrote:  Jays mom must've sold off a few hours ago.

Naw... my girlfriend seems to be the fickle one, and she sells at any small increase in price, and then buys back... and she seems to be considerably happy making $5 or $10 on each upward price swing... which I think is kind of nonsense.

My mom claims to have learned her lesson, and she just buys on downswings.... and I am kind of wondering when she is going to sell.. I think that she is waiting for $3k or more and is willing to ride it down to zero if such events do not occur... In the mid $700s, my mom is probably around 2x.

Neither of them really listen to me, so I kind of have given up getting either of them to be a bit more moderate and reasonable... like me... hahahahahha

It seems like at some point earlier I had linked an article about the IMF making some bullish BTC assessments.

Here is another article, and this page seems to string along some other BTC related news articles on the same webpage, so you can scroll from one BTC article to the next.


http://bravenewcoin.com/news/imf-report-...-of-trust/

Here's another positive perspective regarding the utility of bitcoin and assessment that nothing is broken in bitcoin - coming from someone who seems to be using bitcoin quite a lot in regular payment activities.



http://cointelegraph.com/news/the-sky-is...-is-strong

(06-18-2016 04:15 PM)JayJuanGee Wrote:  Where are the Ethereum comparison/contrasts now?

Yep that was me. Don't know if you remember me JJG, I'll apologize to you how I reacted and for being too much into ethereum. I guess I was kinda blided because it did actually make me 3x.

I sold all my ethereum couple months back. All in BTC now.

(06-19-2016 03:46 PM)Tresdus Wrote:  

(06-18-2016 04:15 PM)JayJuanGee Wrote:  Where are the Ethereum comparison/contrasts now?

Yep that was me. Don't know if you remember me JJG, I'll apologize to you how I reacted and for being too much into ethereum. I guess I was kinda blided because it did actually make me 3x.

I sold all my ethereum couple months back. All in BTC now.

Yeah... bitcoin does have some of it's own difficulties, but centralization or quasi-centralization, like ethereum, is not one of those difficulties, contrary to some bitcoin naysayers accusations towards the bitcoin core developers.

I don't deny that there was really decent potential for profit in Ethereum (and sometimes with other alt coins), when they are being pumped in a variety of ways.. gosh getting in ETH at under $2 and selling for more than $20 could have been grand for almost anyone, but anyone with any sense should have been on pins and needles trying to figure out the top of that pump.. even Vitalik admitted to selling 25% of his coins around $12, so no one really knew how far the pump was going to go before some kind of flaw or extreme reversal was going to occur.

Even before the ETH hack from a few days ago, there was quite a bit of talk about various ETH attack vectors, whether through the DAO or otherwise with ETH's lack of decentralized computing security, and experimental problems with attempts at decentralized DAO decision making - and with continued increases in the ETH value, the lack of security target became bigger and bigger and more attractive for anyone to exploit the loopholes.

After the ETH attack a few days ago, there's all of these kinds of discussions of blacklisting Eth coins, and hardforking the network and completely eliminating the DAO... how many folks gonna get screwed with that level of centralized decentralization? I mean just being able to accomplish hardforks shows the level of centralization in such community. Furthermore, there has been news about various kinds of efforts by Vitalik to freeze ETH trading on some of the exchanges, and I am not sure if any of those kinds of persuasive efforts were successful, but would be scary for ETH holders who would like to liquidate their ETH but get frozen in their position by centralized decentralization.

There are no guarantees in bitcoin, but the downside risk, seems a bit more solid than Ethereum or any other coin. Sure some people remain afraid that they had missed potentials to profit greatly in Bitcoin... to make a killing without investing too much, but I am not sure whether that is the case and if gambling with other crypto's is going to provide such abilities.

Regarding Eth prices, I have no real clue about how sustainable they are, but I will remain surprised (like I have in the past) if ETH can stay in the double digits (above $10) for more than a few more weeks, and below $5 would be charitable to such an experiment, though below $2 could be supportable and maybe even be an ETH buy price.

Yeah, I understand that this thread is not about Ethereum, but sometimes it can be educative regarding better understanding the value of bitcoin, and certainly in recent months there has been a large number of attempts to denigrate bitcoin through ethereum pumps and baseless propaganda.

Furthermore, if you may recall, last week Ethereum was being pumped until the hack while it's price was skyrocketting up past $21.

Initially, right around memorial day weekend, Bitcoin had taken off while Ethereum was stagnant, then all of a sudden a couple of weeks later, Ethereum was again outperforming (daily percentages) bitcoin's price increases, and Ethereum shot up from $12 to $21..

Currently, Bitcoin seems pretty good and likely to stay above $650 and maybe we may even have another upsurge in the coming days or weeks that could bring BTC to a new ATH... we will see..??

I believe that we gotta see how this $750 to $850 price range plays out in BTC because there could be a bit of a price battle in this price range. Bears or bulls could win such price battle, and if bears were to win such price battle at this point, there is a possibility to see sub $600 coins again.

I think that in BTC we currently have been maintaining decent upward price momentum (and even not too hot because we have had a couple of corrections in the $700s), however, I think that the odds are a bit better that the BTC bulls could win this current and upcoming $750 to $850 bitcoin price battle... Such battle could last for a day or even a month or two.

Any opinion and analysis contrary to the one outlined above could be fruitful here, too.

Jay please tell me what you do for a living. It would take me all morning to write that all out and you do something of that nature in every response. Send me a pm I'm curious.

(06-19-2016 03:46 PM)Tresdus Wrote:  Don't know if you remember me JJG,

Hahahahahaha...

For the most part, I don't hold grudges, unless someone is really persistently battling with me.

I just looked back and reviewed our interactions in this thread from early March 2016, and yeah, now I recall that we had a bit of a strongly worded exchange.

Thank you for coming back and fessing up to some of your retraction of your earlier position and thoughts regarding BTC. I think that is part of the reason that we are here participating in this thread, not necessarily to propagandize other guys in to our viewpoints or to convince them of anything, but to help each other in brainstorming actions that we want to take on a personal level.

Frequently, there is misleading information in mainstream channels, and this thread can help us to get individual perspectives. Hopefully, you will be able to post more about some of your experiences to the extent that you believe they may be useful to guys reading this thread and considering whether to invest (or to short) BTC.

(06-19-2016 05:05 PM)el mechanico Wrote:  Jay please tell me what you do for a living. It would take me all morning to write that all out and you do something of that nature in every response. Send me a pm I'm curious.

I am a pretty fast typer, so in reference to the referred-to post, I think it took about 15 or 20 minutes to write out. So it may not be as time consuming as you may think because I stay pretty abreast to various bitcoin issues.

I don't really like to provide too many personal details about myself, unless it may be relevant to a topic at hand, because frequently such personal discussions about what I do that is not necessarily at issue in the current discussion, would not tend to be very substantive or relevant to whatever we are discussing, here.

Through many of my posts in this forum, I think that I had already disclosed that I had been working on full time travel (and that was mostly in 2014) and thereby living mostly on a passive income (that was the then aspiration); however, in early 2015, I had some business dealings and investments that kind of fell apart and caused me to become geographically tied down and somewhat personally responsible in attempting to figure out ways to work through some of my business dealings that involve my money and some short fallings of the responsibilities of others.

So, in any event, currently, I have flexibility in my ability to write and respond in these kinds of bitcoin threads (especially I spend quite a bit of time following various kinds of bitcoin news that relate to my personal investment therein - and my beginning to trade bitcoins in October 2015).

In any event, I currently remain involved in business responsibilities (that I am not going to go into detail about) that cause some obligations on me that do not involve following the direction of any kind of boss.

What is the best and safest way to buy bitcoins... and what do you guys use to moniter its price etc...

(06-19-2016 06:29 PM)Perfectionist Wrote:  What is the best and safest way to buy bitcoins... and what do you guys use to moniter its price etc...

I've recently provided a list of the bitcoin services that I use from within the USA.

https://www.rooshvforum.com/thread-21537...pid1324510

If you are in the UK, there may be some other services available to you that may be similar to ones that I use.. and some of the ones I use may be available in the UK.

I believe that Kraken is good and available in the UK

I believe that the author of OP is from the UK but he has not chimed in here for nearly two years.. and he used to use some other services in the UK.. that may or may not still be available.

Regarding monitoring, you can use any of the exchanges.

There are a number of other monitoring services including the below three that I regularly use:

http://bitcoinity.org/markets/bitstamp/USD?theme=dark

https://bitcoinwisdom.com/markets/bitstamp/btcusd

http://bitcoincharts.com/charts/bitstamp...10zm2g25zv

For the Iphone bitcoin ticker and zeroblock are decent apps that I use.

Surely we are on a bit of a challenging price trend here, for bitcoin (Currently, prices floating in the $650s after having corrected from the $740s down to $630s in the past 24 hours).

I believe that in recent weeks, on more than one occasion, I had predicted prices going above $850 was more likely than below $620 - however, now, we are getting in real close striking distance of $620 and even a correction down to $550 could be within the cards in the coming days/weeks. Sure, none of this is inevitable, and the correction does not yet seem to be over.

In any event, if we zoom out a bit more, I believe that BTC prices remain in a bullish uptrend so long as prices stay above $500 and maybe even the uptrend could continue even if prices break a little bit below $500... As you can recall, and looking at the graphs, it was a bit less than a month ago that prices broke above $500...

I still think that these are all decent buying opportunities in the $600s, so long as you also prepare for the possibility that BTC prices could be continuing a bit lower before we resume the likely upwards. Thoughts anyone?

(06-21-2016 02:09 PM)JayJuanGee Wrote:  I still think that these are all decent buying opportunities in the $600s, so long as you also prepare for the possibility that BTC prices could be continuing a bit lower before we resume the likely upwards. Thoughts anyone?

Agreed. I've been buying .25 here and there as prices drop. I figure it's only a matter of time before they head upwards again, too many factors that make BTC such a great investment at the moment.

(06-16-2016 10:22 PM)JayJuanGee Wrote:  

(06-16-2016 09:42 PM)Seth_Rose Wrote:  My dad actually was just asking if I could set a stop-loss for Bitcoin--I didn't think I could for Coinbase. I should probably look into this further...

Well, since you already have a Coinbase account, it is easy to transfer some or all of those funds onto the Coinbase exchanged (also called GDAX)... There is a link on the bottom of their page, and since they are co-owned the transfer is immediately effective.

Once you transfer whatever amount of BTC onto GDAX, then you can set up a stop sell or stop buy... So, yep, there are tools available for that through Coinbase's exchange GDAX.

So far, I do not use those stop loss tools, so I would not be able to speak about any personal experiences that I have with those, except to see the feature is available and just to remind you that bitcoin prices can sometimes swing fairly wildly, but it may not mean that you want to trigger your stop in those conditions... but anyhow, you can consider that volatile swings in the price could cause unwanted triggering of such stop orders depending upon how you set them up, of course.

I think that recent BTC price moves demonstrates further for me why I don't feel comfortable using the stop loss features on exchanges.

Sure, conceptually there may be some price points in which I have lost faith in bitcoin and I want to get out, and those kinds of sentiments can be especially important for guys who are skeptical and/or skittish about bitcoin, as a long term investment.

Personally, since I continue with the belief that bitcoin remains considerably underpriced in the current market, and I believe that its small market cap allows it to be considerably manipulated with a relatively small amount of capital (under $100 million would likely work pretty well), especially on the downside and the ability of wealthy institutions and or governments to dump coins on exchanges and to downwardly affect BTC prices.

Accordingly, I invest in bitcoin only that amount of money that I do not need for my short term living expenses (like in the next few years) and with thoughts of the potential long term profitability of that investment will potentially pay off. Accordingly, when BTC price dips and dips severely, I continue to consider those phenomenons as buying opportunities rather than selling opportunities.

So for example today, I was buying in the $620s and $630s, and I would have hated to found that a stop loss had caused a selling at that point... On the other hand, sure a stop loss could have worked well to cause a selling in the $740s, if a guy (such as me) would then have sufficient patience to know at which price points to buy back in, and the money from such a stop loss in the $740s could have generated a decent amount of money to increase BTC stash to buy back in the lower $700s, mid $600s and $620s.

I attempt to buy in increments, but really it remains difficult to know how far and how low the prices will go. Yeah, of course it would be great to be able to wait until the lowest points in a cycle, but even watching the price and the various BTC exchanges and the news on a fairly continuous basis, we cannot really determine how many coins are available for dumping or how much cash is available for pumping, so it is difficult to determine when the trend in either direction is going to end or reverse.

I remain skeptical of the stop loss, unless it is employed in a decent way and frequently consider the stop loss devices to have a considerable potential to cause me to do the opposite of what I want to do, which is sell at the bottom.. but like I mentioned, it could be a decent tool that causes selling more at the top and taking advantages of dips.

I just wanted to add that, even though I do understand that some guys may continue to consider decent ways to employ the stop loss tools to suit their own financial circumstances and risk tolerance. At some point, I may begin to experiment with stop losses and margin trading (but probably start off just using very small portions of my holdings for such learning attempts).

(06-21-2016 03:13 PM)Isaac Jordan Wrote:  

(06-21-2016 02:09 PM)JayJuanGee Wrote:  I still think that these are all decent buying opportunities in the $600s, so long as you also prepare for the possibility that BTC prices could be continuing a bit lower before we resume the likely upwards. Thoughts anyone?

Agreed. I've been buying .25 here and there as prices drop. I figure it's only a matter of time before they head upwards again, too many factors that make BTC such a great investment at the moment.

As long as you are optimistic that BTC's price will some day (even if it is a year or more later) return to above your buying price, it is a good investment and a kind of hedge based on various BTC fundamentals.

Surely, none of us who are buying BTC want BTC prices to remain stagnant or even to dip for another extended period of time, and if we had some level of confidence that prices would be dipping in the near future, before they go up, then maybe we could wait for prices to come down. However, we could be waiting for a hell-of-a long time, and even possibly completely miss out on buying opportunities by waiting.

For example, through late 2014 and much of 2015, there were a lot of folks looking at BTC and waiting while BTC prices were pretty much stagnant in the $200s for almost a year. They were waiting and waiting for lower prices, and some of those were waiting for double digits and wanting to get in like other "early adopters" and a very low rate - and those below $200 prices never really came, except for really short periods of time while coins were being dumped, and frequently, folks were afraid to buy during such coin dumps.

I have my doubts that we will ever return to $200s - even though such a return is not completely impossible.

Anyhow, if we are investing into BTC with a kind of longer term point of view (maybe 2 years or more), then we can take investment strategies to continue to buy in comfortable increments on the way down, and if we are really nervous that we do not have enough in our budget in order to "catch a falling knife," we can figure out some amount that is comfortable for us, while getting some skin in the game (I am not talking about you Isaac because I realize that you already have some decent skin in the game).

Anyhow, let's say for example, that you are a bitcoin newbie, and you are a bit skittish about whether to get in. You have about $3k in savings that you would be willing to put into bitcoin, and you have $200 or so a month in income that you would be willing to dedicate towards BTC investing.

With the $3k, you could invest 1/2 or 1/3 now, and then apportion further investments every $20 (or some other amount) drop in price. If the price does not drop this time, then you could invest the remainder of that $3k in future intervals (and maybe upon price drops).

Regarding your $200 per month income that you are willing to dedicate towards BTC, You could apportion some or all of that towards a kind of pure dollar cost averaging and buying something like $50 per week no matter what the price at that time, or you could attempt to time all or part of that allocation for price dips, and in any event, over time, your BTC holdings will grow and grow and grow.

After you started to accumulate a sufficient stake, you could chose to sell some small portions too upon BTC price appreciation, but that is a bit more complicated a proposition and strategy that requires a certain amount of moderation that does not cause you to gamble too much with your BTC holdings or to sabotage your BTC accumulation in any kind of meaningful way.

Buy some bitcoin god damn it Jay wants to be rich already.

I had kind of tuned out to Bitcoin for the past few months, I had been buying on dips below say $400 and just flipping at $450. I had built it up to about 30 coins and wish I would have kept sitting on some. Last time I checked I sold some off for about a $70 profit per coin. Just recently was bored and Googled bitcoin and was shocked to see where price was, sold off my remaining 9 coins or so for a nice little profit but kicking myself for not having kept more, my initial plan was to never drop below 20. I'm looking to buy back in but waiting to see if current prices hold. I have a feeling we'll be back around $550 soon.

I get my bitcoin debit card in the mail in a few days. I'll be able to withdraw instantly from online sportsbook directly to a debit card to use as cash. It's like Christmas for me.

Nice guys!

(06-22-2016 01:55 PM)jamaicabound Wrote:  I had kind of tuned out to Bitcoin for the past few months, I had been buying on dips below say $400 and just flipping at $450. I had built it up to about 30 coins and wish I would have kept sitting on some. Last time I checked I sold some off for about a $70 profit per coin. Just recently was bored and Googled bitcoin and was shocked to see where price was, sold off my remaining 9 coins or so for a nice little profit but kicking myself for not having kept more, my initial plan was to never drop below 20. I'm looking to buy back in but waiting to see if current prices hold. I have a feeling we'll be back around $550 soon.

Well, you could be correct about the $550 or below, and dumping surely can take advantage of momentum. Ongoing dumping makes people who sold nervous regarding when to buy back in..

Regarding your selling after googling bitcoin, that seems like a kind of random way to keep track of bitcoin, because if you were inclined to sell, we were in the upper $700s for almost a week... I take it that you sold your 9 coins in the mid $600s or at some other price point?

Seems a bit random, that you jump in at various points and execute your trades, as well as your prediction based on your suggestion that you are not really following bitcoin... It's seems almost like throwing a dart at the board, especially with such a volatile asset, such as bitcoin. Maybe you could provide a few more particulars regarding your strategy and/or your bitcoin news sources?