It is over 600 $ now and rising.

Back over 600 !

Those few bitcoins I bought at $350 are looking sweet.

It up about 70% in the last month or so alone.

Damn JJ, how many you bought?

At least I am in the green for the 550btc i bought a few months back.

(05-30-2014 11:22 AM)pants Wrote:  Damn JJ, how many you bought?

At least I am in the green for the 550btc i bought a few months back.

Just a couple.

I thought that I should share this top ten symptoms of a bitcoin obsessed partner. I found it to be fairly humorous.

In the last month, my bitcoin portfolio has gone from 25% in the red to 10% in the black, and the rally upward seems to be ongoing.

It sure is nice being in the black again; however, I was expecting several receipts of fiat in the upcoming weeks, and I would have liked to have used that fiat for the purchase of bitcoin at lower prices.

Likely, I am still going to use the fiat to buy bitcoin, although how I apportion and time the purchase(s) may vary depending upon how quickly and how far these BTC prices continue to rise.

AS I stated several times before in this thread, I continue to believe that any BTC prices below $1,000 are a great value... yet I do NOT proclaim to know exactly where bitcoin prices are going - even though I see BTC prices going up rapidly.

I am also considering my various profit takings planning, too. Because BTC prices are going up so fast, I believe that I have to have a plan to take profits upon certain price points within a predetermined plan. My tentative plan is to potentially use up to 10% of my profit BTC for trading while I am in the black at approximately 15% intervals, and I will rake out, approximately 20% (probably my whole investment amount) if BTC prices are 4X my investment costs. Currently, for me, that raking of all my investment amount would take place at around $2400 per BTC. I expect several crashes before prices reach that $2400 level.

The next resistance level I expect will be $660. Think it might be stuck there for a bit.

Anybody get a circle.com invite yet? You have to go to the site to request an invite, and I did so about a week ago. No invite received, here, yet.

Wow, $660 already. Lets see if my prediction is true.

(06-02-2014 05:23 PM)JJ Roberts Wrote:  Wow, $660 already. Lets see if my prediction is true.

We should already realize by now that BTC prices in the short-term are largely controlled by various whales and manipulators. Certainly, such whales cannot control all BTC price momentum, and sometimes these various BTC buying/selling whales are likely to conflict with one another.

In any event my point is that the prediction of any resting point for BTC prices in the $630s, $660s, or $680s is NOT really knowable and somewhat a creature of luck. For example, it cannot be known with very much certainty whether some big investor will attempt to get in or to get out of BTC this week or the following week, which could change the dynamics regarding whether or where BTC prices rest or whether or the extent to which the prices rise or fall during that period to some other resting point.

In recent weeks there seems to be quite a bit of renewed price action... especially upward price pressures, so I have quite a few doubts that BTC prices will remain in this $650 to $670 range for any more than a few days, at most. Surely, I could be wrong, but there seems to be a lot of interest and volatility recently, based on some of this increased interest in BTC.

In this regard, there seems to be a few big actors that are attempting to push BTC prices in one direction or another; however, we also seem to be getting quite a bit of new BTC airplay with new BTC investors coming into the BTC space on a daily basis and the reintroduction of fiat that had been sitting on the sidelines for four months or more.

Therefore, I have my doubts about staying in a $650 to $670 price range for very long - even though we may find gravitations back to the mid $600s over the duration of June.

Nonetheless, as I inferred in my posting above, I would like BTC prices to stay in this $600 price range for a while or to go lower than $600.. until I can receive some fiat that I am expecting soon. I remain uncertain about the exact amount or the exact timing, but expecting that I will be able to expand my BTC holdings fairly significantly in the coming months, based on this receipt of fiat. Therefore I would NOT mind stagnating in some lower BTC prices for a little bit longer.

If there is a train or a rocket, then I may have to reconsider how to invest.. but if there is stagnation, I am fairly certain that I would invest the whole lump into BTC.

Sold some coins today and bought..

[attachment=19061]

And some other stuff.

Apple news is huge and it is hitting mainstream now.

I don't think we will stay in 600$...

(06-03-2014 01:33 PM)el mechanico Wrote:  Sold some coins today and bought..



And some other stuff.

I was wondering about you, El Mech, and thinking that you would be approximately back in the black by now, so long as you did NOT sell your BTC stash, too early. It's been a long 3 months for BTC prices to be in the sub $600s. I was in the red for four months with my stash, but I brought my average BTC price down from nearly $800s per BTC to below $600 during that time.... so I am feeling pretty well in the black... even though it is difficult to time the arrival of new fiat (so I could have had some better luck in that regard)... and crossing my fingers for the arrival of a new sizable fiat stash.

(06-03-2014 03:53 PM)JayJuanGee Wrote:  

(06-03-2014 01:33 PM)el mechanico Wrote:  Sold some coins today and bought..



And some other stuff.

I was wondering about you, El Mech, and thinking that you would be approximately back in the black by now, so long as you did NOT sell your BTC stash, too early. It's been a long 3 months for BTC prices to be in the sub $600s. I was in the red for four months with my stash, but I brought my average BTC price down from nearly $800s per BTC to below $600 during that time.... so I am feeling pretty well in the black... even though it is difficult to time the arrival of new fiat (so I could have had some better luck in that regard)... and crossing my fingers for the arrival of a new sizable fiat stash.

What do you think about my bike? It's the worlds lightest BMX cruiser.

If Apple gets involved here we'll see 1000+ BTC again soon as the hipsters will start buying it with their parents money.

(06-03-2014 04:00 PM)el mechanico Wrote:  

(06-03-2014 03:53 PM)JayJuanGee Wrote:  

(06-03-2014 01:33 PM)el mechanico Wrote:  Sold some coins today and bought..



And some other stuff.

I was wondering about you, El Mech, and thinking that you would be approximately back in the black by now, so long as you did NOT sell your BTC stash, too early. It's been a long 3 months for BTC prices to be in the sub $600s. I was in the red for four months with my stash, but I brought my average BTC price down from nearly $800s per BTC to below $600 during that time.... so I am feeling pretty well in the black... even though it is difficult to time the arrival of new fiat (so I could have had some better luck in that regard)... and crossing my fingers for the arrival of a new sizable fiat stash.

What do you think about my bike? It's the worlds lightest BMX cruiser.

Yeah, and naysayers assert that bitcoin is NOT real money, when in fact you have bought a little pleasure with yours.


I like it.

Did you buy a bike rack for the Cutlass Supreme?

(06-03-2014 04:26 PM)JayJuanGee Wrote:  

(06-03-2014 04:00 PM)el mechanico Wrote:  

(06-03-2014 03:53 PM)JayJuanGee Wrote:  

(06-03-2014 01:33 PM)el mechanico Wrote:  Sold some coins today and bought..



And some other stuff.

I was wondering about you, El Mech, and thinking that you would be approximately back in the black by now, so long as you did NOT sell your BTC stash, too early. It's been a long 3 months for BTC prices to be in the sub $600s. I was in the red for four months with my stash, but I brought my average BTC price down from nearly $800s per BTC to below $600 during that time.... so I am feeling pretty well in the black... even though it is difficult to time the arrival of new fiat (so I could have had some better luck in that regard)... and crossing my fingers for the arrival of a new sizable fiat stash.

What do you think about my bike? It's the worlds lightest BMX cruiser.

Yeah, and naysayers assert that bitcoin is NOT real money, when in fact you have bought a little pleasure with yours.


I like it.

Did you buy a bike rack for the Cutlass Supreme?

I'm having some serious white people problems right now. I wanted to make the bike a three speed but profile BMX discontinued their cassette hubs. WTF!!!! What the hell am I going to do now??? Buy one of those heavy SRAM hubs? I can't stand the thought of adding that pound or so and they don't come anodized red. FML!!

NMC will double. Buy some and share profits with me.

(06-03-2014 04:59 PM)el mechanico Wrote:  

(06-03-2014 04:26 PM)JayJuanGee Wrote:  

(06-03-2014 04:00 PM)el mechanico Wrote:  

(06-03-2014 03:53 PM)JayJuanGee Wrote:  

(06-03-2014 01:33 PM)el mechanico Wrote:  Sold some coins today and bought..



And some other stuff.

I was wondering about you, El Mech, and thinking that you would be approximately back in the black by now, so long as you did NOT sell your BTC stash, too early. It's been a long 3 months for BTC prices to be in the sub $600s. I was in the red for four months with my stash, but I brought my average BTC price down from nearly $800s per BTC to below $600 during that time.... so I am feeling pretty well in the black... even though it is difficult to time the arrival of new fiat (so I could have had some better luck in that regard)... and crossing my fingers for the arrival of a new sizable fiat stash.

What do you think about my bike? It's the worlds lightest BMX cruiser.

Yeah, and naysayers assert that bitcoin is NOT real money, when in fact you have bought a little pleasure with yours.


I like it.

Did you buy a bike rack for the Cutlass Supreme?

I'm having some serious white people problems right now. I wanted to make the bike a three speed but profile BMX discontinued their cassette hubs. WTF!!!! What the hell am I going to do now??? Buy one of those heavy SRAM hubs? I can't stand the thought of adding that pound or so and they don't come anodized red. FML!!

NMC will double. Buy some and share profits with me.

Can't hardly help you with your bike crap, except maybe to suggest that there may be some kits with other venders or even ebay or amazon as possibilities.. you never know.

Regarding the alt coins. I am kind of sick of getting screwed by them. All they do is go down. Maybe they are at all time lows, and some of them are going to go up, but there seems to be little to no long term, with a large number of the alts.

It is possible that a few of them do have a future, but too difficult to keep track for me. I think for now, I am going to stick with the conservative bitcoin is where its at, and for the quasi long term. Additionally, bitcoin is on the precipice of explosion, so maybe you want to take some of the equivalent of your bike proceeds and to reinvest into BTC... cash out around $2k or $3k per BTC...

^ Look on Amazon huh? lol

Anyway I just looked at my trade history and most of my money made on alts were NMC 4 dollars and up. It WILL go

Anyone picked up some darkcoins?
If they actually adds another layer of anonymity, I assume they will go a lot higher than where they are atm.

Following my prediction so far.

Tried to move up to 670, bounced its head on the resistance and fell to 630.

I expect to see this pattern again for a little while.

FCA in the UK has released bitcoin related regulations.

I expect NYC's department of finance & Benjamin Lawsky to follow the lead soon.

The latest development from reuters, May 13 : http://blogs.reuters.com/financial-regul...wsky-says/

This article runs down 6 points his team is focusing on at the moment, Bitcoin being one of them:

Quote:Developing a model for virtual commerce. “Regulators don’t want to squelch [virtual currency like bitcoin] because they are scared of it or don’t understand it,” he said. But exchanges must adhere to similar know-your-customer, consumer disclosure and financial stability regimes as other money-transfer businesses, Lawsky said.

Lawsky said he hopes the DFS has rules ready over the summer.


once that happens, reddit nerds will cry all day and declare war on regulators not realizing this is what will get this baby to the moon

there will be a US based exchange by the end of this year, and quite possibly an SEC approved fund.

I have never been more bullish on Bitcoin and currently trying to get my hands on as many as them as is reasonably possible

To the moon ┗(°0°)┛

My father bought a couple of bitcoin miners last year and they arrived a few months ago. I forgot the total processing power but the strength of the mining has dropped dramatically in the past few months. The reason for this is because more and more people got into mining, and so it caused the mining power for the average person to decrease.

In the first month, we were mining like 2.5BTC on average per month. Now, it's about 1BTC a month. Total, we have only 4 BTC, which kind of sucks. We'll have to wait and sell them long term in order to make any worthwhile profit at all from them.

(06-03-2014 09:41 PM)JJ Roberts Wrote:  Following my prediction so far.

Tried to move up to 670, bounced its head on the resistance and fell to 630.

I expect to see this pattern again for a little while.

Maybe I am just in a bitchy mood, but I really am unclear what purpose is served by suggesting that any of us here can predict the BTC prices in the short or medium term - even though we are making bets.

Most of my bets are long term, even though every once in a while I will make short-term bets.

(06-03-2014 02:27 PM)strengthstudent Wrote:  Apple news is huge and it is hitting mainstream now.

I don't think we will stay in 600$...

I just went to the Apple website, and I have NOT yet seen any new apps, yet. I suppose it may take a few weeks for new apps to be approved in the event that the Apple policy clarification really means that they are going to be more accepting of crypto-currency money transmitting and storage apps.

(06-03-2014 04:08 PM)el mechanico Wrote:  If Apple gets involved here we'll see 1000+ BTC again soon as the hipsters will start buying it with their parents money.

This Apple clarification that seems to be an expansion of crypto application acceptance does seem like pretty big deal, yet I question whether there is going to be any short term positive price effects. Well, maybe I am cheating b/c some time has already passed since the news came out and the price went down. Nonetheless, my thoughts were the same as soon as I heard the news that it was NOT going to be big enough news to cause any kind of BTC price rally.

Nonetheless, there seems to be multiple positive news and developments in the bitcoin space.. .and the general positive direction in the bitcoin prices over the past few weeks. Of course, we are going to witness ups and downs in price b/c there is NO straight lines in any market.