(03-10-2015 12:14 AM)Emancipator Wrote:  Been slowly selling .25btc weekly, at a profit

Exiting half my original stake (btc earned for goods/services being kept)

The reason why I'm selling is due to currency, my btc holdings have actually gone up due to the fact that the USD (which i sell my btc for) has been crazy strong past few months. Planning on a road trip thus building up the USD funds


Still bull/long on btc overall !

Surely, I have NO issues with taking profits, and surely it is good to get diversified in some cash if you have too much in bitcoin - especially when prices are going up from where they were before. However, you run the risk of NOT being able to get back in at low prices if BTC prices shoot up to $333 or some higher price, for example, and do NOT come back down in a way that allows you to buy back in.

I don't think any of us know exactly where the btc prices are going to go, even though they do seem to be trending upward in recent times and maybe even upward in the upcoming months..

I bought some in January and some more in February but if this rise continues I might not buy anything this month. The price can stay low a while more, I wouldn't mind.

More radical bitcoin price movements today... ? What to do?

My girlfriend is suggesting that she may buy some if the price goes into the lower $240s, but I will believe it when I see it. I have just been holding lately since I have had some unexpected cash flow issues recently and working on some business matters in an attempt to restore various cash flowing matters.

Maybe in the coming months I will be able to start buying again, or maybe I will just continue to hold... if some of my cash flow issues do NOT clearly resolve within that time-frame?

What are other guys doing? Any prognosticating based on real factors in the BTC marketplace? Any informed or well reasoned insight into the current price direction?

(03-19-2015 01:34 AM)JayJuanGee Wrote:  More radical bitcoin price movements today... ? What to do?

My girlfriend is suggesting that she may buy some if the price goes into the lower $240s, but I will believe it when I see it. I have just been holding lately since I have had some unexpected cash flow issues recently and working on some business matters in an attempt to restore various cash flowing matters.

Maybe in the coming months I will be able to start buying again, or maybe I will just continue to hold... if some of my cash flow issues do NOT clearly resolve within that time-frame?

What are other guys doing? Any prognosticating based on real factors in the BTC marketplace? Any informed or well reasoned insight into the current price direction?

Anyone currently witnessing what appears to be a fairly high volume morning downturn in BTC prices?

In the last week or so, prices have been largely floating in the $250s and $260s and NOT really stellar volume, and this morning, at least for the moment (in about the past 2.5 hours), so far, the prices have gone down from the lower $260s to the mid $240s in a fairly quick flash crash.

On the other hand, there does NOT really seem to be any negative news regarding BTC, just seeming to be a bit of attempt to push BTC prices down and/or to test the lower resistance levels in the BTC prices.

Personally, I have a hard time believing that, without any news, BTC prices will dip below or much below $240, unless we get either some real life bad news or some fairly credible FUD (which is imitation bad news).

Any thoughts, BTC enthusiasts? or others who may have reality-based BTC price movement theories? hahaha

I haven't logged on in weeks then I did a little while ago and watched it crashing..

(03-24-2015 09:06 AM)el mechanico Wrote:  I haven't logged on in weeks then I did a little while ago and watched it crashing..

Hahahahahaha......"crashing" Nice to hear from you El Mech.

I see you have NOT lost your glass half empty perspective when comes to the current BTC scene.

(03-19-2015 01:34 AM)JayJuanGee Wrote:  My girlfriend is suggesting that she may buy some if the price goes into the lower $240s, but I will believe it when I see it. I have just been holding lately since I have had some unexpected cash flow issues recently and working on some business matters in an attempt to restore various cash flowing matters.

Regarding my GF, she just bought 4 BTC on Circle for $990.. ... what a fucker she is!!!!

Really, I thought that she was NOT going to buy any and she was going to continue to put it off and to say that she would and she would and she would etc etc etc... and then she surprised me and viola... bought some...


She seems to have a much better chance with her investment than my having had bought some BTC above $1000 and then many BTC above $500 and in the end my average BTC price remains over $500..... because, in part, I have NOT been able to buy much of any BTC in the last few months while the price has been in the $200s and even into the $100s... fuck... and I suppose by the time my cash flow gets ramping up, these good prices will be history? Maybe? We will see, no?

Ahh my predictions are becoming a reality. Now just have to wait patiently to strike

Quote:I like that analysis better. Do you believe that all crypto currencies are doomed? Because this invention can't be uninvented, and because Bitcoin is leading in 1st place by a wide margin, I think the probability of it failing completely or being replaced by a superior crypto is slim. If everybody was in it to make a quick buck like yourself then the crypto would have been long dead. But, I believe there are many people out there like myself who believe in the crypto not just to make a quick buck, but to also revolutionize finance as we know it. I'm enjoying the ride, and I'm gonna quote the Winklewi twins when asked if they had ever sold their bitcoins, "no, never. Spartans hold." I'm holding the bitcoin that I have for the long term. I even have some in my retirement portfolio (of which I can cash out at anytime). My point is that in 10-20 years if cryptos exists, they will be worth much much much more than today assuming critical mass adoption. Will Bitcoin be replaced is my only fear, but even if a more "superior","more VISA scalable" crypto emerges, given Bitcoins history, I think it will still remain in circulation, perhaps like a store of value currency with less velocity.

Holding onto bitcoin is silly. Its like holding onto a stock only for it to crash 10years from now and you have actually lost money because of the time factor even though you might have the same amount to begin with.

I don't know who these Winklewi twins are but if they were in bitcoin from the beginning what they are saying makes a little more sense but still is ignorant if they are referring to themselves as Spartans.

Also its not that Bitcoin is going to crash, but what's the true value? I certainly do not believe the true value is worth over $100.

Quote:My point is that in 10-20 years if cryptos exists, they will be worth much much much more than today assuming critical mass adoption.

Why would you think this?

First Alche, it seems a bit unclear regarding who you are quoting, and there are ways to clear up your quotes in order that RVF readers do NOT have to search for your quotes - especially, when one or two months may have passed when you respond to the post.

(03-24-2015 09:56 PM)Alche Wrote:  Ahh my predictions are becoming a reality. Now just have to wait patiently to strike

Good for you. It is always good to have a planned course of action, and yes it certainly will feel better if you are correct and if you bet correctly in terms of finances.

(03-24-2015 09:56 PM)Alche Wrote:  

Quote:I like that analysis better. Do you believe that all crypto currencies are doomed? Because this invention can't be uninvented, and because Bitcoin is leading in 1st place by a wide margin, I think the probability of it failing completely or being replaced by a superior crypto is slim. If everybody was in it to make a quick buck like yourself then the crypto would have been long dead. But, I believe there are many people out there like myself who believe in the crypto not just to make a quick buck, but to also revolutionize finance as we know it. I'm enjoying the ride, and I'm gonna quote the Winklewi twins when asked if they had ever sold their bitcoins, "no, never. Spartans hold." I'm holding the bitcoin that I have for the long term. I even have some in my retirement portfolio (of which I can cash out at anytime). My point is that in 10-20 years if cryptos exists, they will be worth much much much more than today assuming critical mass adoption. Will Bitcoin be replaced is my only fear, but even if a more "superior","more VISA scalable" crypto emerges, given Bitcoins history, I think it will still remain in circulation, perhaps like a store of value currency with less velocity.

Holding onto bitcoin is silly. Its like holding onto a stock only for it to crash 10years from now and you have actually lost money because of the time factor even though you might have the same amount to begin with.

Here, you seem to be repeating points that you already made in some of your earlier posts in this thread in the sense that you seem to be calling guys names (such as silly), if they disagree with your methods and/or philosophies in regard to bitcoin

There are a lot of non-silly reasons that guys may chose to hold bitcoin (a large portion or a small portion of their investment portfolio), and a lot of the reasons have already been explained in the thread. In the end, guys make their risk allocations and choose their strategies on a variety of factors... some are long term and some are short term. Calling guys silly, does NOT seem to be helpful in order for us to attempt to engage in a meaningful discussion about the price direction of bitcoin, if that happens to be part of what you are attempting to achieve with the above comment.

(03-24-2015 09:56 PM)Alche Wrote:  I don't know who these Winklewi twins are but if they were in bitcoin from the beginning what they are saying makes a little more sense but still is ignorant if they are referring to themselves as Spartans.

If you do NOT know who the winklewi twins are then maybe you will need to read up a little bit about bitcoin. I'm sure that it is easy enough to do a search or read wikipedea or something straight forward. If you have studied anything much substantively about the market dynamics of bitcoin and if you pretend to have anything useful to offer concerning potential price directions of bitcoin, then you should have, at some point, come across the names and the history and the ongoing influential factors related bitcoin.

In other words, your suggesting that you know something about bitcoin, and then claiming to not know about the winklewi twins (and unwilling to research) into the matter, gives the impression that you are NOT being genuine in your input into this thread.. and instead you may be just engaged in some kind of FUD spreading practice and/or trolling. Feel free to provide information to correct my impression, if you so choose.

(03-24-2015 09:56 PM)Alche Wrote:  Also its not that Bitcoin is going to crash, but what's the true value? I certainly do not believe the true value is worth over $100.

Yes, of course you have a right to your opinion concerning the price direction of BTC and if you believe that there are certain price gravitation points, and you can invest accordingly.

(03-24-2015 09:56 PM)Alche Wrote:  

Quote:My point is that in 10-20 years if cryptos exists, they will be worth much much much more than today assuming critical mass adoption.

Why would you think this?

I could NOT find who you were quoting here, but the opinion expressed in the quote is NOT uncommon amongst a variety of bitcoin enthusiasts. Possibly we will have to wait 5 to 10 to 20 years to verify whether BTC moves in the critical mass adoption direction. There are a lot of BTC pricing models that account for potential mass adoption of BTC, and at this point fewer than 1% of the world population owns any BTC, so there is considerable upside potential regarding increasing BTC adoption, which would then cause considerable upward BTC price pressures.

I'm not a bitcoin enthusiast, If I was an enthusiast I wouldn't be in it to make money.

Anyway I can't back up what I've said with facts its just my opinion.. so don't let me stop you from continuing to create a retirement fund.

Sorry I cant edit the posts they were all quoted on this page.

(03-24-2015 11:29 PM)Alche Wrote:  I'm not a bitcoin enthusiast, If I was an enthusiast I wouldn't be in it to make money.

I used the term "bitcoin enthusiast" just to describe someone who has a bullish long-term outlook regarding bitcoin. I doubt that bitcoin enthusiast necessarily needs to be a label that is applied for life, but just merely meant as a descriptive as someone who is optimistic regarding various aspects of bitcoin (whether it is price performance or whether it is the block chain technology or the public ledger aspect or whatever aspect of bitcoin's potential ability to innovate).

You can be a bitcoin enthusiast and you may or may NOT be in it at all, and you may or may NOT be an investor.

(03-24-2015 11:29 PM)Alche Wrote:  Anyway I can't back up what I've said with facts its just my opinion.. so don't let me stop you from continuing to create a retirement fund.

You seem to be engaged in presuming in regard to your seemingly snarky remark about a "retirement fund."

I have posted quite a bit about various aspects of bitcoin in this thread, and surely, I have revealed a lot about my thinking as I was thinking it including concepts of total investment portfolios, etc. I doubt that I ever suggested that anyone should put all of their eggs into the bitcoin basket (in terms of retirement), and surely some people will and some people won't feel so inclined.

Currently, I have less than 10% of my total quasi-liquid assets in bitcoin, and surely, it is a pretty decent chunk of change, but it is NOT a total aspect of my particular "retirement plan."

People may or may NOT chose to take into account various investment concepts regarding the potential of allocating some of your finances into bitcoin or otherwise considering various ways to invest or how much to risk... towards retirement or whatever. Those are individual decisions.

(03-24-2015 11:29 PM)Alche Wrote:  Sorry I cant edit the posts they were all quoted on this page.

I am merely suggesting that there are proper ways to quote in order that it is easy to reference the earlier quote.... also if you get lost or if you have some technical difficulties, you can also just describe in your text what or who you are quoting in order to make it a bit easier on other guys who may be reading this thread.

(03-19-2015 01:34 AM)JayJuanGee Wrote:  More radical bitcoin price movements today... ? What to do?

My girlfriend is suggesting that she may buy some if the price goes into the lower $240s, but I will believe it when I see it. I have just been holding lately since I have had some unexpected cash flow issues recently and working on some business matters in an attempt to restore various cash flowing matters.

Maybe in the coming months I will be able to start buying again, or maybe I will just continue to hold... if some of my cash flow issues do NOT clearly resolve within that time-frame?

What are other guys doing? Any prognosticating based on real factors in the BTC marketplace? Any informed or well reasoned insight into the current price direction?

Back during the crash a few weeks back I loaded up at $220, thought I was buying in at the bottom but was pretty concerned when I saw it go down to $170. It quickly rebounded back to $220 or so and I road it up to about $298 and sold.

I have a feeling its gonna float between like $200 and $400 for the next year or two. I feel like everytime we get a dip under $250 we bounce back up to $300. I'm planning on just swing trading making a few bucks here and there on the ups and downs while holding a bit for hte longterm as well.

I'm tempted to get in now but will probably wait until it hits $240, ideally it'd be $220.

I found a cool app called bitcoin alert basically you can set to alert you when it drops a certain %, dollar amount or hits a strike price. I like this because coinbase doesn't let you set limit orders or notify you. I was mad a bunch of times looking at charts and being like oh I shoulda bought some last wed. Now I get my alert hopon coinsbase pickup 13 coins maxout for hte day and then flip it a few days or a few weeks later

(03-25-2015 08:58 AM)jamaicabound Wrote:  

(03-19-2015 01:34 AM)JayJuanGee Wrote:  More radical bitcoin price movements today... ? What to do?

My girlfriend is suggesting that she may buy some if the price goes into the lower $240s, but I will believe it when I see it. I have just been holding lately since I have had some unexpected cash flow issues recently and working on some business matters in an attempt to restore various cash flowing matters.

Maybe in the coming months I will be able to start buying again, or maybe I will just continue to hold... if some of my cash flow issues do NOT clearly resolve within that time-frame?

What are other guys doing? Any prognosticating based on real factors in the BTC marketplace? Any informed or well reasoned insight into the current price direction?

Back during the crash a few weeks back I loaded up at $220, thought I was buying in at the bottom but was pretty concerned when I saw it go down to $170. It quickly rebounded back to $220 or so and I road it up to about $298 and sold.

I have a feeling its gonna float between like $200 and $400 for the next year or two. I feel like everytime we get a dip under $250 we bounce back up to $300. I'm planning on just swing trading making a few bucks here and there on the ups and downs while holding a bit for hte longterm as well.

I'm tempted to get in now but will probably wait until it hits $240, ideally it'd be $220.

I found a cool app called bitcoin alert basically you can set to alert you when it drops a certain %, dollar amount or hits a strike price. I like this because coinbase doesn't let you set limit orders or notify you. I was mad a bunch of times looking at charts and being like oh I shoulda bought some last wed. Now I get my alert hopon coinsbase pickup 13 coins maxout for hte day and then flip it a few days or a few weeks later

Yeah you may be correct that BTC prices will hover in these price territories for a while -even a year or two as you assert does NOT seem unreasonable given some of the latest price dynamics, and my GF has similar thinking. She intends to buy again in the lower $220s or maybe in the $210s.... and then to sell in the early to mid $300s

There are quite a few apps for the phone with various kinds of price alarms. Currently, I have set up alarms on Bitcoin Ticker and on ZeroBlock. Sometimes they do NOT go off exactly when the price goes below the point, but they still serve decent services. You can also set up an alarm on http://bitcoinity.org/markets. Sometimes, if the phone is on silent, then the computer alarm could be a back up alarm, if you are at home, of course.

Another Online Marketplace Disappears, Users Lose $12,000,000 In Bitcoin by Clint Siegner, Money Metals Exchange.

Operators of Evolution Market, a so called “darknet” site specializing in illicit drugs, turned off the servers last week. About $12,000,000 in customer bitcoin vanished along with the website. A note, purportedly from the owner (and including lots of typos), has been making the rounds online:

Didnt another one go offline 2-3 weeks ago?

(03-26-2015 01:15 PM)chyamor Wrote:  Another Online Marketplace Disappears, Users Lose $12,000,000 In Bitcoin by Clint Siegner, Money Metals Exchange.

Operators of Evolution Market, a so called “darknet” site specializing in illicit drugs, turned off the servers last week. About $12,000,000 in customer bitcoin vanished along with the website. A note, purportedly from the owner (and including lots of typos), has been making the rounds online:

Didnt another one go offline 2-3 weeks ago?

I wrote a thesis on bitcoins several years ago when the first major scandal/shutdown happened. The way it was then (not sure about now) is that since bitcoins are mostly not legal tenor there are no regulations set in place to ensure that the parties who own the coins get them back. So at the time as long as any actually legal tenor balances were returned when the exchanges died (Yen, USD, etc) they were extremely unlikely to be prosecuted. The first one was I believe Mt. Gox in Japan, which (if my memory serves) at the time handled around 70% of all bit coin exchanges.

(03-26-2015 03:41 PM)Slacker101 Wrote:  

(03-26-2015 01:15 PM)chyamor Wrote:  Another Online Marketplace Disappears, Users Lose $12,000,000 In Bitcoin by Clint Siegner, Money Metals Exchange.

Operators of Evolution Market, a so called “darknet” site specializing in illicit drugs, turned off the servers last week. About $12,000,000 in customer bitcoin vanished along with the website. A note, purportedly from the owner (and including lots of typos), has been making the rounds online:

Didnt another one go offline 2-3 weeks ago?

I wrote a thesis on bitcoins several years ago when the first major scandal/shutdown happened. The way it was then (not sure about now) is that since bitcoins are mostly not legal tenor there are no regulations set in place to ensure that the parties who own the coins get them back. So at the time as long as any actually legal tenor balances were returned when the exchanges died (Yen, USD, etc) they were extremely unlikely to be prosecuted. The first one was I believe Mt. Gox in Japan, which (if my memory serves) at the time handled around 70% of all bit coin exchanges.

There have been scandals throughout bitcoin's history, and MTGOX had at least a few scandals between 2011 and early 2014. Even though MTGOX was amongst the first of the large BTC exchanges, I would NOT characterize it as the first scandal.

Also, surely there is a factor that people like to target various kinds of security or even human socializing flaws to take advantage moreso of any kind of an asset that becomes more valuable. Accordingly, Bitcoin would be more of a target at $240 per coin versus $.50 per coin.

We can expect BTC to continue to be targeted in a variety of ways in the coming years, and to see if there are various ways to figure out technical and/or social fixes. Sometimes there may be technical fixes, but people may NOT take certain precautions and then make themselves more vulnerable to dishonest people running off with their coins.

I will admit that i have a large number of my coins stored in various third party entities - including BTC-e, Circle and Coinbase. I also have a few coins held in a Blockchain.info wallet. I think my coins are vulnerable, and I seem to be willing to take the risks for convenience sake.

(03-26-2015 03:41 PM)Slacker101 Wrote:  

(03-26-2015 01:15 PM)chyamor Wrote:  Another Online Marketplace Disappears, Users Lose $12,000,000 In Bitcoin by Clint Siegner, Money Metals Exchange.

Operators of Evolution Market, a so called “darknet” site specializing in illicit drugs, turned off the servers last week. About $12,000,000 in customer bitcoin vanished along with the website. A note, purportedly from the owner (and including lots of typos), has been making the rounds online:

Didnt another one go offline 2-3 weeks ago?

I wrote a thesis on bitcoins several years ago when the first major scandal/shutdown happened. The way it was then (not sure about now) is that since bitcoins are mostly not legal tenor there are no regulations set in place to ensure that the parties who own the coins get them back. So at the time as long as any actually legal tenor balances were returned when the exchanges died (Yen, USD, etc) they were extremely unlikely to be prosecuted.

I've read most of this thread and I don't think the value of bitcoin will be answered anytime soon; whether it will remain the same, collapse, or rise higher.

What I do think is interesting is how people compare it to a system they assume is stable, which is not. Ignoring ZeroHedge's conspiracy, end-of-the-world tone, watch the video at this post and listen to these financial heads speak, especially about their concerns involving liquidity:

http://www.zerohedge.com/news/2015-03-28...dity-worry (there's also a document that was published by Oaktree capital expressing concerns about ETF liquidity).

My point here is that a lot of people don't understand the instruments their dumping money into and they may pay a high price in the long run. It will be during these times where bitcoin will be something to really watch because ETFs are regulated; no one can just create one if they want, there's a lot of work involved. If regulators were all that smart, why did the housing bubble even happen? Real estate comes with its own strict regulation. This regulation makes things safe assumption relies on bureaucrats that could easily take part in corruption if they want, plus, who's watching them to make sure they're doing the right thing?

This post may be read as "therefore, bitcoin is awesome", which I'm not saying. Rather, stating that regulation is a no-go for bitcoin is, unfortunately, an invalid case against it. It may be bitcoin's non regulation that makes it better; much like a bureaucrat can't force a cow to produce less milk - and that's a good thing.

sub $200 incoming. Place your bids, this one will be violent.

(04-14-2015 01:03 AM)megadeth Wrote:  sub $200 incoming. Place your bids, this one will be violent.

If you are a long term bull all of 2015 so far has been a great buying opportunity. Bitcoin's treated me well but given the risk of holding anything at the fiat/BTC exchanges I can't recommend it to anyone looking to hold less than two years or anyone to whom Bitcoin doesn't fit their risk profile.

(04-14-2015 01:03 AM)megadeth Wrote:  sub $200 incoming. Place your bids, this one will be violent.

How do you know that? What's your reasoning and/or sources for your prediction? When will this happen? This week? In the next 8 hours? Have you ever owned bitcoin or any crypto currencies? do you have any plans to buy bitcoin or any other crypto currencies?

(04-14-2015 12:00 PM)JayJuanGee Wrote:  

(04-14-2015 01:03 AM)megadeth Wrote:  sub $200 incoming. Place your bids, this one will be violent.

How do you know that? What's your reasoning and/or sources for your prediction? When will this happen? This week? In the next 8 hours? Have you ever owned bitcoin or any crypto currencies? do you have any plans to buy bitcoin or any other crypto currencies?

I must admit that I am reading a lot of discussion of sub $200 BTC, and some people are predicting as low as $100.. Personally, I really have few ideas about the power of big money to drive down prices, if that is what they want to accomplish.

Additionally, there may be various resistance points that cause an inability for big money to drive down the price more than a certain amount.. such as $180 or $160? I am NOT sure about where those resistant points might be, and probably we have to see the markets play out to understand where the resistant points may be. For example, there could be some powerful players that want to buy up BTC at $201 and will NOT allow the price to go below $201? Surely, I am just speculating, too, but I find troubles understanding when some guys talk in terms of "certainly" this is going to happen or "certainly) that is going to happen when it comes to BTC prices.

(04-14-2015 12:35 PM)JayJuanGee Wrote:  

(04-14-2015 12:00 PM)JayJuanGee Wrote:  

(04-14-2015 01:03 AM)megadeth Wrote:  sub $200 incoming. Place your bids, this one will be violent.

How do you know that? What's your reasoning and/or sources for your prediction? When will this happen? This week? In the next 8 hours? Have you ever owned bitcoin or any crypto currencies? do you have any plans to buy bitcoin or any other crypto currencies?

I must admit that I am reading a lot of discussion of sub $200 BTC, and some people are predicting as low as $100.. Personally, I really have few ideas about the power of big money to drive down prices, if that is what they want to accomplish.

Additionally, there may be various resistance points that cause an inability for big money to drive down the price more than a certain amount.. such as $180 or $160? I am NOT sure about where those resistant points might be, and probably we have to see the markets play out to understand where the resistant points may be. For example, there could be some powerful players that want to buy up BTC at $201 and will NOT allow the price to go below $201? Surely, I am just speculating, too, but I find troubles understanding when some guys talk in terms of "certainly" this is going to happen or "certainly) that is going to happen when it comes to BTC prices.

Reasoning: personal speculation based on watching the charts 24x7.

(04-15-2015 02:00 AM)megadeth Wrote:  

(04-14-2015 12:35 PM)JayJuanGee Wrote:  

(04-14-2015 12:00 PM)JayJuanGee Wrote:  

(04-14-2015 01:03 AM)megadeth Wrote:  sub $200 incoming. Place your bids, this one will be violent.

How do you know that? What's your reasoning and/or sources for your prediction? When will this happen? This week? In the next 8 hours? Have you ever owned bitcoin or any crypto currencies? do you have any plans to buy bitcoin or any other crypto currencies?

I must admit that I am reading a lot of discussion of sub $200 BTC, and some people are predicting as low as $100.. Personally, I really have few ideas about the power of big money to drive down prices, if that is what they want to accomplish.

Additionally, there may be various resistance points that cause an inability for big money to drive down the price more than a certain amount.. such as $180 or $160? I am NOT sure about where those resistant points might be, and probably we have to see the markets play out to understand where the resistant points may be. For example, there could be some powerful players that want to buy up BTC at $201 and will NOT allow the price to go below $201? Surely, I am just speculating, too, but I find troubles understanding when some guys talk in terms of "certainly" this is going to happen or "certainly) that is going to happen when it comes to BTC prices.

Reasoning: personal speculation based on watching the charts 24x7.

I have NO issue with personal speculation when such speculation is framed as such. Your initial post (in this string) did NOT elaborated and only stated the matter as a kind of certainty.

(04-15-2015 02:36 AM)JayJuanGee Wrote:  

(04-15-2015 02:00 AM)megadeth Wrote:  

(04-14-2015 12:35 PM)JayJuanGee Wrote:  

(04-14-2015 12:00 PM)JayJuanGee Wrote:  

(04-14-2015 01:03 AM)megadeth Wrote:  sub $200 incoming. Place your bids, this one will be violent.

How do you know that? What's your reasoning and/or sources for your prediction? When will this happen? This week? In the next 8 hours? Have you ever owned bitcoin or any crypto currencies? do you have any plans to buy bitcoin or any other crypto currencies?

I must admit that I am reading a lot of discussion of sub $200 BTC, and some people are predicting as low as $100.. Personally, I really have few ideas about the power of big money to drive down prices, if that is what they want to accomplish.

Additionally, there may be various resistance points that cause an inability for big money to drive down the price more than a certain amount.. such as $180 or $160? I am NOT sure about where those resistant points might be, and probably we have to see the markets play out to understand where the resistant points may be. For example, there could be some powerful players that want to buy up BTC at $201 and will NOT allow the price to go below $201? Surely, I am just speculating, too, but I find troubles understanding when some guys talk in terms of "certainly" this is going to happen or "certainly) that is going to happen when it comes to BTC prices.

Reasoning: personal speculation based on watching the charts 24x7.

I have NO issue with personal speculation when such speculation is framed as such. Your initial post (in this string) did NOT elaborated and only stated the matter as a kind of certainty.

By the way, sometimes I get a little anxious, and currently, I am thinking about buying a little... hahaha... which could cause the price to go down further...

(04-15-2015 02:37 AM)JayJuanGee Wrote:  

(04-15-2015 02:36 AM)JayJuanGee Wrote:  

(04-15-2015 02:00 AM)megadeth Wrote:  

(04-14-2015 12:35 PM)JayJuanGee Wrote:  

(04-14-2015 12:00 PM)JayJuanGee Wrote:  How do you know that? What's your reasoning and/or sources for your prediction? When will this happen? This week? In the next 8 hours? Have you ever owned bitcoin or any crypto currencies? do you have any plans to buy bitcoin or any other crypto currencies?

I must admit that I am reading a lot of discussion of sub $200 BTC, and some people are predicting as low as $100.. Personally, I really have few ideas about the power of big money to drive down prices, if that is what they want to accomplish.

Additionally, there may be various resistance points that cause an inability for big money to drive down the price more than a certain amount.. such as $180 or $160? I am NOT sure about where those resistant points might be, and probably we have to see the markets play out to understand where the resistant points may be. For example, there could be some powerful players that want to buy up BTC at $201 and will NOT allow the price to go below $201? Surely, I am just speculating, too, but I find troubles understanding when some guys talk in terms of "certainly" this is going to happen or "certainly) that is going to happen when it comes to BTC prices.

Reasoning: personal speculation based on watching the charts 24x7.

I have NO issue with personal speculation when such speculation is framed as such. Your initial post (in this string) did NOT elaborated and only stated the matter as a kind of certainty.

By the way, sometimes I get a little anxious, and currently, I am thinking about buying a little... hahaha... which could cause the price to go down further...

lol I was thinking the same thing. I've been waiting for a dip down to about $220 however it seemed stuck at like 250 so I picked up about 13 coins at $240 or so. I just checked coinbase and see price is down to $221 at the moment. I did the same thing last time, I bought at $220 thinking that was the bottom and it continued fallling to $180 or so but then came right back up to around $300.

I forget if that Bitcoin ETF already rolled out or is rolling out soon but I kind of expected to get a little bump when that opened up.