JayJuanGee



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How much alt coin diversification is needed? 0%?







LegendaryActivity: 2380Merit: 3260How much alt coin diversification is needed? 0%? Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion October 03, 2014, 06:33:58 PM #174081 Quote from: podyx on October 03, 2014, 06:09:25 PM shits taking heat



imo, it feels like something is just terribly off, anyone else got this feeling?



I can't help but think if bitcoin is going anywhere, we should have a huge fucking bull market pretty fucking soon and I just don't see how we can have that from $300



Let's say it would go to $10k and that's still more then a 30k% ROI (From $300). Shit just doesn't make sense..



I get what you are saying.....



It is NOT impossible to have such an enormous (gigantic) ginormous rise in prices - eg from $300 to $10k; however, the lower that BTC prices go, the more difficult it becomes to imagine such an upward BTC price explosion.... .. such as 30x...



NONETHELESS, there are likely some big enough bull whales (angel whales) that know that they have it within their power to pump BTC to such prices and beyond on their own and possibly with only a little cooperation from the masses... who would start jumping on board if they begin to see considerable and ongoing BTC price appreciation(s). I get what you are saying.....It is NOT impossible to have such an enormous (gigantic) ginormous rise in prices - eg from $300 to $10k; however, the lower that BTC prices go, the more difficult it becomes to imagine such an upward BTC price explosion.... .. such as 30x...NONETHELESS, there are likely some big enough bull whales (angel whales) that know that they have it within their power to pump BTC to such prices and beyond on their own and possibly with only a little cooperation from the masses... who would start jumping on board if they begin to see considerable and ongoing BTC price appreciation(s).

Torque



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LegendaryActivity: 2254Merit: 1775 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion October 03, 2014, 06:38:04 PM #174084 Quote from: podyx on October 03, 2014, 06:30:18 PM Quote from: adamstgBit on October 03, 2014, 06:25:10 PM Quote from: podyx on October 03, 2014, 06:21:25 PM



Maybe i'm already ruining my cash game career or my life for that matter.



Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out (Living in sweden it's tricky to get guns)

For the first time i'm wiring loaned money to exchange. Let's see how this turns outMaybe i'm already ruining my cash game career or my life for that matter.Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out(Living in sweden it's tricky to get guns)

you're not sane right now



step away from bitcoin and come back next year.

you're not sane right nowstep away from bitcoin and come back next year.

Nah I'm sane. It's just that I'm all in with my money so I find myself in a situation where I have 2 decicions to make, both which happens to be very stupid decisions.



Either I just sit this one out, not taking advantage of this terrific opportunity OR I loan money and invest them going big!



I honestly feel better going with the latter but it is a very nervewrecking thought and it's definately easier to not give a fuck and just go with the former and just sit it out.



Thoughts are welcome

Nah I'm sane. It's just that I'm all in with my money so I find myself in a situation where I have 2 decicions to make, both which happens to be very stupid decisions.Either I just sit this one out, not taking advantage of this terrific opportunity OR I loan money and invest them going big!I honestly feel better going with the latter but it is a very nervewrecking thought and it's definately easier to not give a fuck and just go with the former and just sit it out.Thoughts are welcome

Here's my 2c. Personally, I'm sitting on the sidelines. For one, I can't drastically lower my average cost position until we find confidently find a bottom. And so the market has to either sharply spike up, or we have to go sideways at the same price for quite a long time, a minimum of 4-6 weeks. And we haven't done either one yet.



My other reason is simply that my ego can't take buying at a loss any more this year if we continue to drop. Here's my 2c. Personally, I'm sitting on the sidelines. For one, I can't drastically lower my average cost position until we find confidently find a bottom. And so the market has to either sharply spike up, or we have to go sideways at the same price for quite a long time, a minimum of 4-6 weeks. And we haven't done either one yet.My other reason is simply that my ego can't take buying at a loss any more this year if we continue to drop.

hyphymikey



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Hero MemberActivity: 784Merit: 1000 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion October 03, 2014, 06:45:58 PM #174088 All you people that are nervous about the price going sub $300, why are you nervous? We obviously aren't going up from these levels with the selling that's going on. If we do go down further from here it would be a great buying opportunity. Also, the only way to alleviate selling pressure is to just sell all those coins. So if you ask me, crash the price, sell all those coins that want to be sold, I'll pick up a few and then we can be on our merry way.



Just like the price can't stay high forever, it can't stay low forever either (unless it goes to 0, astronomically unlikely)

JayJuanGee



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LegendaryActivity: 2380Merit: 3260How much alt coin diversification is needed? 0%? Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion October 03, 2014, 06:47:03 PM #174089 Quote from: ImI on October 03, 2014, 06:20:06 PM Quote from: AirFlame on October 03, 2014, 06:16:22 PM Quote from: njcarlos on October 03, 2014, 06:14:01 PM I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.



No paranoia my friend i am nervous too. But i think bitcoin will survive as technology

No paranoia my friend i am nervous too. But i think bitcoin will survive as technology

bitcoin could easily survive as technology with price being 10$ and lower....

bitcoin could easily survive as technology with price being 10$ and lower....

That's NOT really the current and/or pressing question about whether BTC can survive as a technology... At this point, a fairly large, if NOT overwhelming majority of us, maintain a fairly high certainty that bitcoin will survive as a technology.



Currently, most of us are mauling over the ongoing price depreciation which seems to be moving contrary to the large amount of good news that we have been receiving.. and that most of us, including your truly remain fairly puzzled about what is taking so long for the upward price swing to begin.. .personally, I thought that we were going there in May/June/July time-frame, but thereafter, BTC prices suffered a trend reversal that has been going on ever since and really demonstrates a fairly intense downward trend in the last 10 months, in spite of a large amount of capital flow into various aspects of the BTC infrastructure, which would cause many to conclude that these investors, at some point (possibly in the near future) will want to receive some kind of return on their investment - which in part was likely calculated through expectations regarding BTC price movements. That's NOT really the current and/or pressing question about whether BTC can survive as a technology... At this point, a fairly large, if NOT overwhelming majority of us, maintain a fairly high certainty that bitcoin will survive as a technology.Currently, most of us are mauling over the ongoing price depreciation which seems to be moving contrary to the large amount of good news that we have been receiving.. and that most of us, including your truly remain fairly puzzled about what is taking so long for the upward price swing to begin.. .personally, I thought that we were going there in May/June/July time-frame, but thereafter, BTC prices suffered a trend reversal that has been going on ever since and really demonstrates a fairly intense downward trend in the last 10 months, in spite of a large amount of capital flow into various aspects of the BTC infrastructure, which would cause many to conclude that these investors, at some point (possibly in the near future) will want to receive some kind of return on their investment - which in part was likely calculated through expectations regarding BTC price movements.

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Hero MemberActivity: 770Merit: 500 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion October 03, 2014, 06:47:36 PM #174090 Quote from: grappa_barricata on October 03, 2014, 05:23:45 PM Quote from: 600watt on October 03, 2014, 05:19:17 PM



i prefer posts from folks with manners and intelligence.

Bad taste and lack of social standards.i prefer posts from folks with manners and intelligence.





Don't usually post over here on Speculation. Like to watch it though. Just had to comment now, as the above post made me laugh out loud. Its the second laugh I've had today - the other was when Mrs.Practical Dreamer texted me this morning whilst I was waiting in the dentists waiting room - she knows I shit myself at the dentists so she thought it would be funny to text me that I was waiting so long on account of the dentist being busy "revving up his angle grinder". It made me laugh at least - which I was thankful for at the time.



Back on topic re. current bitcoin price slump. I know it sounds sad and as if I have my head up my arse (where my opinion should also rightfully dwell) but I'm seriously thinking of trying to find a few quid (dollars for you yanks) and buying a couple more BTC at this price level.



The fundamentals are still good from where I'm sat.



Its difficult to know exactly at what price point the panic is going to be exhausted. On top of panic, it seems more than likely that the price could be being manipulated down.



Why ? How ? I don't have a clue. I'm just speculating. Don't usually post over here on Speculation. Like to watch it though. Just had to comment now, as the above post made me laugh out loud. Its the second laugh I've had today - the other was when Mrs.Practical Dreamer texted me this morning whilst I was waiting in the dentists waiting room - she knows I shit myself at the dentists so she thought it would be funny to text me that I was waiting so long on account of the dentist being busy "revving up his angle grinder". It made me laugh at least - which I was thankful for at the time.Back on topic re. current bitcoin price slump. I know it sounds sad and as if I have my head up my arse (where my opinion should also rightfully dwell) but I'm seriously thinking of trying to find a few quid (dollars for you yanks) and buying a couple more BTC at this price level.The fundamentals are still good from where I'm sat.Its difficult to know exactly at what price point the panic is going to be exhausted. On top of panic, it seems more than likely that the price could be being manipulated down.Why ? How ? I don't have a clue. I'm just speculating.

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This is the land of wolves now & you're not a wolf







LegendaryActivity: 1386Merit: 1001This is the land of wolves now & you're not a wolf Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion October 03, 2014, 06:49:13 PM #174093 Quote from: jaberwock on October 03, 2014, 06:43:55 PM Mini pump, then fall to another lower level, then another mini pump below the last one, followed by another dump





So predictable



This seems to be exactly what is going on right now. Im sitting on the sidelines ready to buy more. Just dont know what price I am happy with. I have already bought more than I was planning on with this last dip This seems to be exactly what is going on right now. Im sitting on the sidelines ready to buy more. Just dont know what price I am happy with. I have already bought more than I was planning on with this last dip

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Hero MemberActivity: 545Merit: 500 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion October 03, 2014, 06:49:39 PM #174094 Quote Russias Ministry of Finance has put forward what many were expecting yet also unable to believe: a ban on the use of digital currency, and the implementation of fines as an appropriate deterrent.

Nice China next?



Cut loose now! Well do it regardless of this, BTC is going down the shitter! The people have spoken (they don't want it). The end folks!



Hodl!! NiceChina next?Cut loose now! Well do it regardless of this,is going down the shitter! The people have spoken (they don't want it). The end folks!Hodl!!