All right - I think I have bought everything that I need at these levels.
This was probably the final flush.
And now it's time for the next stage in the bubble explosing - the sucker rally that should take us back to ~150 - it's the "back to normal" stage which is intended for sucking in as many people as possible before fading back into oblivion...
(btw, I was lucky, very lucky to get out at the 164 -187 levels)
wooohooo.... what a ride!
GotBitCoins
Topic: And I thought I would never live to see such a bubble (Read 1313 times)
BTC lender ? hook me up lol, mind you I got the cash to buy em......
Sure. I'll lend you some bitcoin. But first you'll have to go through a significant credit and income review (that you'll pay for). Then if you qualify, I'll determine an interest rate based on risk factors such as duration of loan, risk of default, and collateral provided.
BTC lender ? hook me up lol, mind you I got the cash to buy em......
- snip -
you can sell off some (not all) of your BTC,
- snip -
I believe this is called shorting.
- snip -
you can sell off some (not all) of your BTC,
- snip -
I believe this is called shorting.
- snip -
I believe this is called "selling".
Unless I'm mistaken, "shorting" would involve selling bitcoins that you do not own.
You borrow bitcoin from someone else, and then sell those borrowed bitcoin with the intention of buying them back later at a lower price and returning the re-purchased bitcoins to the lender.
Example:
Borrow 100 BTC
Sell the borrowed bitcoin at $66 per BTC for a total received of $6,600
Wait for exchange rate to drop to $50 per BTC.
Buy back 100 BTC for $5,000 (keeping $1,600 for yourself)
Return the 100 BTC
The issues you can run into with shorting are that the lender may want the BTC back before the price has dropped, or the lender may require some amount of interest rate on the loan and the interest can end up being higher than the revenue from shorting.
A relevant quote from John Maynard Keynes after being wiped out in a short position in 1920: "The market can stay irrational longer than you can stay solvent"
Do you have any information on how quickly the value of silver rose during the first 5 years after it was discovered?
+1 bitcoin is way different. All comparisons are silly.
If you are confident this is a bubble, which it may be, then you can sell off some (not all) of your BTC, hold the fiat in your exchange account, and then buy back into BTC when the bubble has subsided. I believe this is called shorting. You take profit now, and if you're bet is right you end up with the same amount of BTC, plus more fiat to do with as you wish.
Well, a sold 1 hour of being level is about as stable the bitcoin has been in the past week. People might be looking for the kind of stability around a month or so ago, but I would bet it fluctuates at least a little more.
Buying 20 minutes ago near $50 was apparently a good idea, already back in the mud 60s
...if the correction is over, that is...
Buying 20 minutes ago near $50 was apparently a good idea, already back in the mud 60s
53...
Yeah I'm buying a lot atm this is THE last chance to buy cheap coins after this race on to 100 $ then 1000 $ PER BTC!!!BUYING HARDCORE RIGHT NOW
53...
Wow cheap coins for all of us buying all the cheap coins atm 
BUY BUY BUY i am buying hands on fist right now can't wait till it goes 1000 $ LOL stupid people selling
No doubt this is going to be a huge explosion. You do not even need to go back to the 1980's...
Correlate the 2011 btc graph with today's and it will look shockingly similar. Lots of people are going to get burned.
Like really badly burnt.
Correlate the 2011 btc graph with today's and it will look shockingly similar. Lots of people are going to get burned.
Like really badly burnt.
Down to 57, 25% loss in a matter of hours...
As an online currency - you could argue everyone on the internet could have a use for bitcoins. There are approx 2.4 billion internet users today.
With only 11 million bitcoins in circulation that equals 0.0045833333333333 bitcoins per internet user.
If everyone on the internet wants a coin... it puts them in pretty high demand right now
With only 11 million bitcoins in circulation that equals 0.0045833333333333 bitcoins per internet user.
If everyone on the internet wants a coin... it puts them in pretty high demand right now
It's cash-out time for the earlier adopters !
I'll predict it settles around $35.
definitely not, as an experience trader holding a PhD in market analysis I am quite aware that early adopters are the ones that can be considered 'strong hands', this can be confirmed by checking the earliest blocks mining addresses which have remained in that address for thousands of days I'll predict it settles around $35.
BTC is as a whole is 'early' so it's relative. At any rate, surely there's gonna be a significant selloff after the frantic upswing the past few days/weeks. That's expected.
The early stage has long passed my friend, Bitcoin is already covered in mainstream pretty much in any developed country
Nevertheless I believe we are going to a 1000 based on market analysis
Oh, i dont doubt it's going up. Way up. But, not before it dips one more time to 35 bucks lol i dont want to get suckered on my first coin purchase.
It's cash-out time for the earlier adopters !
I'll predict it settles around $35.
definitely not, as an experience trader holding a PhD in market analysis I am quite aware that early adopters are the ones that can be considered 'strong hands', this can be confirmed by checking the earliest blocks mining addresses which have remained in that address for thousands of days I'll predict it settles around $35.
BTC is as a whole is 'early' so it's relative. At any rate, surely there's gonna be a significant selloff after the frantic upswing the past few days/weeks. That's expected.
It's cash-out time for the early adopters !
I'll predict it settles around $35.
I'll predict it settles around $35.
As of March 5th the momentum increased significantly. Usually a sign of a bubble starting.
But then we saw a consolidation period, and a breakout, with yet a greater momentum increase on 18/19th likely driven by the emotion of fear from the Cyprus thefts.
When that fear abates we'll see a correction of any gains that fear caused above and beyond the natural gains Bitcoin would have realized on its prior trend path. Likely not below 47-50sh.
It's simply went too far, too fast since the 19th. We are due for a pullback.
BUT....
If the blockchain fork didn't pop the "bubble" then that's a damn good sign the fundamentals are driving the price of Bitcoin. We may see a correction, and hopefully a more reasonable and steady price increase afterword, but we are not going to see an all out pop below what it was trading at prior to the blockchain fork.
I'm hoping it does get that low. If so I'm cashing out more precious metals and moving to Bitcoin.
But then we saw a consolidation period, and a breakout, with yet a greater momentum increase on 18/19th likely driven by the emotion of fear from the Cyprus thefts.
When that fear abates we'll see a correction of any gains that fear caused above and beyond the natural gains Bitcoin would have realized on its prior trend path. Likely not below 47-50sh.
It's simply went too far, too fast since the 19th. We are due for a pullback.
BUT....
If the blockchain fork didn't pop the "bubble" then that's a damn good sign the fundamentals are driving the price of Bitcoin. We may see a correction, and hopefully a more reasonable and steady price increase afterword, but we are not going to see an all out pop below what it was trading at prior to the blockchain fork.
I'm hoping it does get that low. If so I'm cashing out more precious metals and moving to Bitcoin.
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