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Topic: Analysis - page 89. (Read 941579 times)

legendary
Activity: 1237
Merit: 1010
February 22, 2017, 01:14:45 PM
I must say, though, that something like this HAS happened before. In november 2015: There too was a top weekly candle with a long wick (the only difference is that the weekly candle was green then and not it's red). If we finally break $1140 Bitstamp, I will agree on this being unprecedented.

$1142 was broken.
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
February 22, 2017, 10:24:34 AM
I must say, though, that something like this HAS happened before. In november 2015: There too was a top weekly candle with a long wick (the only difference is that the weekly candle was green then and not it's red). If we finally break $1140 Bitstamp, I will agree on this being unprecedented.
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
February 22, 2017, 09:59:48 AM
Thanks for the good translation.  Smiley Even though I got the gist of the message from the Afrikoin thread, it's much better this way. Can I tip you some bitcoins?
legendary
Activity: 1386
Merit: 1009
February 22, 2017, 07:40:43 AM
https://vk.com/bitcoin_vanga

"Epic bear trap on weekly chart. I have never seen this before in BTC. Usually the upper BB being broken down means the price will visit SMA20, then the bands will narrow, and only after that some further move will follow. Bands narrowing takes 20 weeks.

But the price is impatient. It will go far."

newbie
Activity: 14
Merit: 0
February 21, 2017, 08:00:24 PM
Hey Luc, you planning on posting here? Google Translate is slowly making me insane.
donator
Activity: 2772
Merit: 1019
February 21, 2017, 02:50:40 AM
Back to holding coinz it is!   Tongue

I'd agree with you if the sentiment wasn't so overwhelmingly positive everywhere I look. Still a few %'s in fiat looking for a pullback ~$900

Biggest risk is the ETF decision at the moment. The market seems to speculate on an approval which imo wont come. So on 11th march we could see -20% easily.

My brain is telling me it will get rejected but my gut is saying approval. We are living in strange times, Trump got elected, everyone was betting against him, most polls had Hillary wining. Flat earth theory is gaining traction and that is totally ridiculous. The US government is wacky right now with Trump as president. Stranger things have happened, than a rule change to allow a Bitcoin ETF getting approval.

I think the Winklevii removed the biggest obstacle with their newest addition to the filing: to clear up what will happen in case of a fork: they will choose the most-work chain 48 hours after the fork. It's debatable wether that's good, but I think that unclarity about what "bitcoin is" in such a case was one of the major problems the SEC had with the filing. Yesterday I was putting the chance of approval at 10% for myself. Now it's considerably higher due to this.

sr. member
Activity: 268
Merit: 250
February 20, 2017, 08:53:28 PM
Back to holding coinz it is!   Tongue

I'd agree with you if the sentiment wasn't so overwhelmingly positive everywhere I look. Still a few %'s in fiat looking for a pullback ~$900

Biggest risk is the ETF decision at the moment. The market seems to speculate on an approval which imo wont come. So on 11th march we could see -20% easily.

My brain is telling me it will get rejected but my gut is saying approval. We are living in strange times, Trump got elected, everyone was betting against him, most polls had Hillary wining. Flat earth theory is gaining traction and that is totally ridiculous. The US government is wacky right now with Trump as president. Stranger things have happened, than a rule change to allow a Bitcoin ETF getting approval.
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
February 20, 2017, 08:37:11 PM

"Break the purple line up will mean that the previous forecast is not true. In this case, the price probably will visit the top blue line." - Bitcoin Wang
 

We penetrated the purple deeply with some oomph ! 
ImI
legendary
Activity: 1946
Merit: 1019
February 20, 2017, 08:18:23 PM
Back to holding coinz it is!   Tongue

I'd agree with you if the sentiment wasn't so overwhelmingly positive everywhere I look. Still a few %'s in fiat looking for a pullback ~$900

Biggest risk is the ETF decision at the moment. The market seems to speculate on an approval which imo wont come. So on 11th march we could see -20% easily.
full member
Activity: 142
Merit: 100
February 20, 2017, 08:16:28 PM
Back to holding coinz it is!   Tongue

I'd agree with you if the sentiment wasn't so overwhelmingly positive everywhere I look. Still a few %'s in fiat looking for a pullback ~$900
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
February 20, 2017, 07:48:05 PM
Back to holding coinz it is!   Tongue
legendary
Activity: 1904
Merit: 1002
February 20, 2017, 07:30:40 PM
ImI
legendary
Activity: 1946
Merit: 1019
February 20, 2017, 06:58:15 PM

rekt
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
February 19, 2017, 04:01:35 PM

Not to mention the huge tax problem. Converting my BTC to anything else would require me to lose about half of it in taxes and being registered as a money-launderer-terrorist by the government (extreme socialism and paranoia).


If you would like to sell just temporarily you can use BTC as a collateral and open a short position and that probably can't be a taxable event from your old BTC profits.

that means you have to put the coins onto a centralized exchange and wait for the price to fall, then you have to get KYC'ed probably to withdraw them...the coins you withdraw will now have an ID attached to them unless they are mixed.

if he has virgin coins those are even worth more untouched...
donator
Activity: 2772
Merit: 1019
February 19, 2017, 06:05:38 AM

Because no choice really.
The day I cash out, I would have to leave my country for good and never come back.
That is what I am planing to do but right now is too soon, I am not ready.


can't you do cash-trades? localbitcoins, mycelium localtrader?
legendary
Activity: 2156
Merit: 1131
February 19, 2017, 03:51:04 AM
Its just insane to have all your liquid assets invested in Bitcoin or any one thing for that matter. 
some people never had liquid assets other than the few thousand bucks they threw into bitcoin. which turned, after years, into a little fortune. is it really wise for those guys to sell parts of the most successful financial decision ever? and sell for what? shares? gold? silver? crude oil? currencies? government bonds?
on top of this, for a long time bitcoin maximalist hodler who had bought @$100, would it make sense to sell btc to buy back lower in the midst of a multiyear uptrend?
it may be insane to have 100% in btc, but if it works out, the payout is also insane(ly high)

Exactly my case. I would like to diversify but for what ? Everything is shit compared to BTC.
Not to mention the huge tax problem. Converting my BTC to anything else would require me to lose about half of it in taxes and being registered as a money-launderer-terrorist by the government (extreme socialism and paranoia).

If you bought 100 coins at $100 each, it would make sense to liquidate some of that now.  If you have a hundred thousand dollars worth of coins that's mostly profit, why cling to every last coin?

Because no choice really.
The day I cash out, I would have to leave my country for good and never come back.
That is what I am planing to do but right now is too soon, I am not ready.
sr. member
Activity: 807
Merit: 423
February 18, 2017, 08:25:15 PM
Its just insane to have all your liquid assets invested in Bitcoin or any one thing for that matter.  

some people never had liquid assets other than the few thousand bucks they threw into bitcoin. which turned, after years, into a little fortune. is it really wise for those guys to sell parts of the most successful financial decision ever? and sell for what? shares? gold? silver? crude oil? currencies? government bonds?
on top of this, for a long time bitcoin maximalist hodler who had bought @$100, would it make sense to sell btc to buy back lower in the midst of a multiyear uptrend?

it may be insane to have 100% in btc, but if it works out, the payout is also insane(ly high)
If you bought 100 coins at $100 each, it would make sense to liquidate some of that now.  If you have a hundred thousand dollars worth of coins that's mostly profit, why cling to every last coin?
legendary
Activity: 2338
Merit: 2106
February 18, 2017, 04:11:28 PM
Its just insane to have all your liquid assets invested in Bitcoin or any one thing for that matter. 

some people never had liquid assets other than the few thousand bucks they threw into bitcoin. which turned, after years, into a little fortune. is it really wise for those guys to sell parts of the most successful financial decision ever? and sell for what? shares? gold? silver? crude oil? currencies? government bonds?
on top of this, for a long time bitcoin maximalist hodler who had bought @$100, would it make sense to sell btc to buy back lower in the midst of a multiyear uptrend?

it may be insane to have 100% in btc, but if it works out, the payout is also insane(ly high)
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
February 18, 2017, 02:11:35 PM
Yeah, forecasting price is similar to weather forecasting.  There are no sure bets as nature (and markets) often do something different than what all the data may suggest. It does work a lot of the time though. If weathermen are predicting 90% chance of severe storms, it might not be a good idea to plan a picnic with the family. It depends on every individual's situation as well. As Millionero suggests, I am in a position where I may have to use some savings so in this case it was better for me to sell a fraction of my holdings near recent highs, hold cash as a sure thing to prevent needing to sell at lower, and then rebuying if trend lines are broken solidly. 
legendary
Activity: 1456
Merit: 1000
February 18, 2017, 01:12:00 PM
Its just insane to have all your liquid assets invested in Bitcoin or any one thing for that matter. 
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