Topic: Are You Cashing out of BTC before Everyone else Does or are you a BTC bagholder? (Read 2673 times)
June 24, 2016, 05:47:18 PM
What is a question of when, and not if, is when the blockchain reaches unsustainability.
And the more popular, the faster . . . quite ironically.
Cheers
June 24, 2016, 01:22:48 AM
Looking at the Markets it looks likes News of a possible BREXIT
is causing a huge influx of Euros & GBP into BTC.
CoinsBank BTC/GBP $ 256,895 $ 760.17 0.10 %
Bitonic BTC/EUR $ 380,102 $ 717.37 0.15 %
Chinese Markets are lower than Euro & GBP Trading.
OKCoin.cn BTC/CNY * $ 1,859,680,000 $ 671.40 0.00 %
Huobi BTC/CNY * $ 814,667,000 $ 670.77 0.00 %
BtcTrade BTC/CNY * $ 231,253,000 $ 672.44 0.00 %
Nothing like a little fear to pump a market.
They probably thinking the separation of Britain from the EU, will devalue both the euro and the pound and they will buy back into their own currency at a later date.
Be interesting to see how that plays out.
FYI: Update: BREXIT is Official
http://www.bloomberg.com/news/articles/2016-06-23/pound-surge-builds-as-polls-show-u-k-to-remain-in-eu-yen-slips
is causing a huge influx of Euros & GBP into BTC.
CoinsBank BTC/GBP $ 256,895 $ 760.17 0.10 %
Bitonic BTC/EUR $ 380,102 $ 717.37 0.15 %
Chinese Markets are lower than Euro & GBP Trading.
OKCoin.cn BTC/CNY * $ 1,859,680,000 $ 671.40 0.00 %
Huobi BTC/CNY * $ 814,667,000 $ 670.77 0.00 %
BtcTrade BTC/CNY * $ 231,253,000 $ 672.44 0.00 %
Nothing like a little fear to pump a market.
They probably thinking the separation of Britain from the EU, will devalue both the euro and the pound and they will buy back into their own currency at a later date.
Be interesting to see how that plays out.
FYI: Update: BREXIT is Official
http://www.bloomberg.com/news/articles/2016-06-23/pound-surge-builds-as-polls-show-u-k-to-remain-in-eu-yen-slips
Quote
Brexit Upends Global Markets as Stocks, Pound Plunge; Yen Soars
Global markets buckled as Britain’s vote on European Union membership infected every asset class.
The pound plunged by a record and the euro slid by the most since it was introduced in 1999 as the BBC projected a victory for the "Leave" campaign with most votes counted in Britain’s referendum on membership of the European Union. South Africa’s rand led slides among the currencies of commodity-exporting nations as oil sank to about $47 a barrel and industrial metals slumped. The yen surged and gold soared with U.S. Treasuries as investors piled into haven assets. Futures on the FTSE 100 Index plunged with S&P 500 Index contracts as Asian stocks dropped by the most in five years.
“It’s scary, and I’ve never seen anything like it,” said James Butterfill, head of research and investments at ETF Securities, said by phone from London. “We’re going to see outflows from basically any kind of cyclical asset. A lot of people were caught out, and many investors will lose a lot of money.”
Global markets buckled as Britain’s vote on European Union membership infected every asset class.
The pound plunged by a record and the euro slid by the most since it was introduced in 1999 as the BBC projected a victory for the "Leave" campaign with most votes counted in Britain’s referendum on membership of the European Union. South Africa’s rand led slides among the currencies of commodity-exporting nations as oil sank to about $47 a barrel and industrial metals slumped. The yen surged and gold soared with U.S. Treasuries as investors piled into haven assets. Futures on the FTSE 100 Index plunged with S&P 500 Index contracts as Asian stocks dropped by the most in five years.
“It’s scary, and I’ve never seen anything like it,” said James Butterfill, head of research and investments at ETF Securities, said by phone from London. “We’re going to see outflows from basically any kind of cyclical asset. A lot of people were caught out, and many investors will lose a lot of money.”
June 23, 2016, 07:14:24 PM
We are going up again. Hope those that were lucky to sell higher bought the bottom already. Trip back to 700$ started.
June 23, 2016, 07:06:06 PM
I am proud bad holder of Bitcoin.
When I tried to trade, I end up lose more. I am also not so proud buy high sell low guy. E
When I tried to trade, I end up lose more. I am also not so proud buy high sell low guy. E
June 23, 2016, 06:47:04 PM
My rule of bitcoin - collect, collect & only collect. Forget about cashing them out. I believe that we are still the early adopters of bitcoin, so by 2025, the current value of bitcoin may get multiplied. I'd not recommend anyone to sell out their bitcoins.
That is fine, if you want to do that ,
but it means you are only supporting the miners of BTC and will never make any profit only a financial loss.
There should be a price that you are willing to sell at to make a profit, otherwise BTC for you is merely a Charity for Chinese Miners.
And I assure you they are Profit driven and will manipulate a market for their benefit. (As they have been doing for the past few days.)
June 23, 2016, 06:41:01 PM
My rule of bitcoin - collect, collect & only collect. Forget about cashing them out. I believe that we are still the early adopters of bitcoin, so by 2025, the current value of bitcoin may get multiplied. I'd not recommend anyone to sell out their bitcoins.
June 23, 2016, 06:30:19 PM
Markets look like someone cashed out a lot of LTC trying to stabilize BTC , but the attempt failed as BTC continues on it's downward trek.
You must be the dumbest person alive if you think BTC going down is a positive thing for your proof of stake scamcoin "zeitcoin". Nobody on earth is ever going to use that for anything. The best you can do is pray BTC rises and flail your arms around and say "look at me, I'm a blockchain too. Someone mistakenly "invest" in me for no reason", then pray the BTC rise brings you a new greater fool.
It is always funny how you feel the need to attack me personally,
Shows you're too much of an ASSHAT to have an intelligent conversation,
You shrill for BTC for a few weeks, and now you are a shrill for Monero which is an alt coin.
You contradicted yourself by saying all alts would die at the halving, but Liars do have a tenancy to do that.
A few weeks from now you will be shrilling for some other coin that you are day trading.
Here is the Difference, I was supporting ZEIT last year , this year , and as far in the future as I live.
Which one of us is truly supporting a coin, you're just another parasite feeding off of the different communities for fiat.
No worries, I will outlast you and ZEIT will be above all.
Just a matter of time.
June 23, 2016, 04:49:54 PM
Long term holder here...no doubt in my mind that price fluctuations (both up and down) will continue as the market develops. I think there is long-term value in BTC (and it provides some diversification to my regular investments)
June 23, 2016, 04:08:53 PM
Up to the head and shoulder neckline, or bottom of the broken broadening pattern, depending on how you see it, one and the same in any event, and sell LTC. With BTC it's a clear H&S . . .
Clearly the first agressive sell area. I'll certainly be selling into any strength.
June 23, 2016, 10:44:57 AM
Actually in USD terms, you're flat wrong, and you have the facts in the form of price charts staring you in the face as well.
(Now, the closing of the spread is another story, and maybe that will never happen, but to say smoked when they've basically held par is ludicrous, and even if it were the case, your logic that somehow I've recently got more bearish than I already was just doesn't make sense - I was already bearish!
)
Does anyone think serious money is going to stay and play with the likes of this kind of "knowledgeable" participants?
(Now, the closing of the spread is another story, and maybe that will never happen, but to say smoked when they've basically held par is ludicrous, and even if it were the case, your logic that somehow I've recently got more bearish than I already was just doesn't make sense - I was already bearish!
)Does anyone think serious money is going to stay and play with the likes of this kind of "knowledgeable" participants?
LTC tanked today along with BTC, so you technically didn't "win" unless you were in fiat at the time.
Whatever you makes you feel good.
June 23, 2016, 10:40:28 AM
Actually in USD terms, you're flat wrong, and you have the facts in the form of price charts staring you in the face as well.
(Now, the closing of the spread is another story, and maybe that will never happen, but to say smoked when they've basically held par is ludicrous.)
Does anyone think serious money is going to stay and play with the likes of this kind of "knowledgeable" participants?
(Now, the closing of the spread is another story, and maybe that will never happen, but to say smoked when they've basically held par is ludicrous.)
Does anyone think serious money is going to stay and play with the likes of this kind of "knowledgeable" participants?
LTC tanked today along with BTC, so you technically didn't "win" unless you were in fiat at the time.
June 23, 2016, 10:39:59 AM
RISE, and only RISE.
June 23, 2016, 10:36:05 AM
A complete loss of confidence and a subsequent fall into oblivion is one reason.
Looks like we found the reason for all your bear spam posts lol. Somebody got smoked in LTC:
When looking at the last month, it really looks like LTC is the solid leader.
Not only does the LTC chart look great, but the fundamentals do too. It's also the most undervalued and has the most to run. And all this is not to mention the huge LTC-BTC spread that is guaranteed to collapse to a more realistic 4-1 sooner or later . . .
Not only does the LTC chart look great, but the fundamentals do too. It's also the most undervalued and has the most to run. And all this is not to mention the huge LTC-BTC spread that is guaranteed to collapse to a more realistic 4-1 sooner or later . . .
Actually in USD terms, you're flat wrong, and you have the facts in the form of price charts staring you in the face as well.
(Now, the closing of the spread is another story, and maybe that will never happen, but to say smoked when they've basically held par is ludicrous, and even if it were the case, your logic that somehow I've recently got more bearish than I already was just doesn't make sense - I was already bearish!
)Does anyone think serious money is going to stay and play with the likes of this kind of "knowledgeable" participants?
June 23, 2016, 10:25:41 AM
A complete loss of confidence and a subsequent fall into oblivion is one reason.
Looks like we found the reason for all your bear spam posts lol. Somebody got smoked in LTC:
When looking at the last month, it really looks like LTC is the solid leader.
Not only does the LTC chart look great, but the fundamentals do too. It's also the most undervalued and has the most to run. And all this is not to mention the huge LTC-BTC spread that is guaranteed to collapse to a more realistic 4-1 sooner or later . . .
Not only does the LTC chart look great, but the fundamentals do too. It's also the most undervalued and has the most to run. And all this is not to mention the huge LTC-BTC spread that is guaranteed to collapse to a more realistic 4-1 sooner or later . . .
June 23, 2016, 10:18:51 AM
Interesting article here. Bottom line of article stick with Bitcoin.
http://www.nasdaq.com/article/what-does-ethereums-massive-hack-mean-for-bitcoin-cm639450
http://www.nasdaq.com/article/what-does-ethereums-massive-hack-mean-for-bitcoin-cm639450
June 23, 2016, 09:06:09 AM
A complete loss of confidence and a subsequent fall into oblivion is one reason. But yes, you're right, even then there will be a "market", escrow trading here and there would be one worse case scenario, a back to the cave scenario, but real markets with LIQUIDITY, well, that's another story. And there are tons of things that could lead to such a pessimistic reality, from what's happening now with ETH to a possible power outage with just one major miner in China that could cause the blockchain to freeze for weeks (maybe even months depending on the reaction of other miners and whether they were to completely jump ship or not), etc., etc.
These are all doomsday scenarios with slight probabilities. Let's say that a miner holding 30% loses all their power for some time. The difficulty adjustment would take a maximum of ~14 days + 30%. This would not cause the "blockchain to free for weeks or even months". Bitcoin's blockchain would operate, although the time between the blocks would be increased. That's about it. As far as the case with ETH is concerned, that is not going to happen with Bitcoin. Coin-control/blacklisting was already proposed in the past and was frowned upon. The day that Bitcoin implements either one of those, is the day that Bitcoin deserves to die. June 23, 2016, 09:01:00 AM
Personally I think a double top is optimistic and would be looking for a 61.8 retrace to sell into (with LTC as well), and then go away until early next year . . . if there is still a market in crypto then, of course.
There is no reason for there not to be a market.A complete loss of confidence and a subsequent fall into oblivion is one reason. But yes, you're right, even then there will be a "market", escrow trading here and there would be one worse case scenario, a back to the cave scenario, but real markets with LIQUIDITY, well, that's another story. And there are tons of things that could lead to such a pessimistic reality, from what's happening now with ETH to a possible power outage with just one major miner in China that could cause the blockchain to freeze for weeks (maybe even months depending on the reaction of other miners and whether they were to completely jump ship or not), etc., etc.
Don't get me wrong, I'm not necessarily predicting any of this, but I am saying that those risks clearly exist and in a tongue-in-cheek manner making clear that it might be a good time to cool the euphoric jets wait for the dust to clear.
Edit: the selling is generalized http://coinmarketcap.com/ - just about everyone is getting hit and this looks very much like the beginning of an exodus, something like the opposite of what was posted here around a year ago: https://bitcointalksearch.org/topic/massive-program-buy-in-crypto-last-week-15-june-2015-start-of-something-big-1095434 We've seen a lot of money come into crypto since that time, but is there anyone who thinks that this new money is somehow not "hot", not interested in preserving itself and is here to stay in spite of the evident risks that are in ever brighter and brighter spotlights? A year ago it wasn't so evident, but do you really think serious money is going to hang around to see what happens in "ecosystems" clearly ridden with scammers and the ignorant (right up to the very "best" coins)?
June 23, 2016, 08:16:08 AM
Too late. The price is in freefall and no floor has been reached as yet.
Gotta love these attempts at spreading FUD. Personally I think a double top is optimistic and would be looking for a 61.8 retrace to sell into (with LTC as well), and then go away until early next year . . . if there is still a market in crypto then, of course.
There is no reason for there not to be a market.Markets look like someone cashed out a lot of LTC trying to stabilize BTC , but the attempt failed as BTC continues on it's downward trek.
You must be the dumbest person alive if you think BTC going down is a positive thing for your proof of stake scamcoin "zeitcoin". Nobody on earth is ever going to use that for anything. The best you can do is pray BTC rises and flail your arms around and say "look at me, I'm a blockchain too. Someone mistakenly "invest" in me for no reason", then pray the BTC rise brings you a new greater fool. June 23, 2016, 08:07:51 AM
Markets look like someone cashed out a lot of LTC trying to stabilize BTC , but the attempt failed as BTC continues on it's downward trek.
You must be the dumbest person alive if you think BTC going down is a positive thing for your proof of stake scamcoin "zeitcoin". Nobody on earth is ever going to use that for anything. The best you can do is pray BTC rises and flail your arms around and say "look at me, I'm a blockchain too. Someone mistakenly "invest" in me for no reason", then pray the BTC rise brings you a new greater fool.
June 23, 2016, 08:03:03 AM
I think its going to bounce at least once to try and go for the double top.
I think I'll sell a bunch when we get close to that again.
I think I'll sell a bunch when we get close to that again.
With folks pointing out how the ETH scandal is putting a spotlight on the Nash equilibrium vulnerability and seriously damaging all cryptocurrencies in the eyes of the "outside world", the long term uptrend could be in serious trouble. From a technical analysis standpoint, the crash to 550 is strong confirmation that it will take time, a lot of time, for price to restructure, that is if it ever does (unless this is another case of super crypto volatility and new highs are seen before the end of the month . . . which, with weak hands in panic sell mode at lows, is a possibility, albeit remote). This is not a question of if but when. There are plenty of other issues that threaten BTC's long term viability that will also attract the spotlight in the coming days, weeks, and months.
Personally I think a double top is optimistic and would be looking for a 61.8 retrace to sell into (with LTC as well), and then go away until early next year . . . if there is still a market in crypto then, of course.
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