I need bitcoin to be $690 to break even.....will I make it? - page 5.

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

Quote from: WhatTheGox on June 28, 2015, 04:57:38 AM

If you look at the price of litecoin rise recently its quite amazing how it was around 1.20 to 1.40 and then all of a sudden it can sustain a rise to $3 and stay there. Crypto can move up and sustain prices fast is the lesson. You ill see those prices again OP dont worry

Litecoin got shilled up, because it has a strong social presence. Bitcoin has a worse social media presence, yes bitcoin is much bigger, but c`mon, we need to shill on social media about bitcoin too, or we lose this opportunity.

1 billion people on facebook, c`mon put your fingers to the work

extrabyte

legendary

Activity: 840

Merit: 1000

Buying and selling at a loss is, most of the time, either due to the investor having panicked (seems not in this case) or the investor having used money he couldn't lose and pulled out before potentially losing it all

oiul

newbie

Activity: 56

Merit: 0

Depends on how much time you can afford to wait. Sometime it will break this price, no matter what.

txbtc

hero member

Activity: 499

Merit: 500

Personally I think bitcoin is only just getting started but it's going to be a turbulent time in the beginning which I still believe it is. If you believe in the technology and its possibilities keep holding, if not maybe you should get out when you next can, but I'd hold for at least a little while longer.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: odolvlobo on June 30, 2015, 12:23:28 PM

Quote from: GreenStox on June 30, 2015, 02:31:03 AM

My friend earned 500% returns on altcoins, and me about 200%.

Congratulations on your luck, but wait a second. In order for your friend to earn a 500% return on altcoins, somebody had to lose 67% on altcoins.

Your friend is lucky that he is the winner and not the loser in that trade. But next time, who knows?

Fundamental misconception. In the trade, both parties win, that is the sacred truth of the free market. In the next trade, there are also two winners. The loss occurs between the two trades, when the coin that a trader holds, depreciates. The loss has nothing to do with the other two traders.

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: kenbytes on June 30, 2015, 02:06:03 PM

I have no doubt that BTC will reach $1000 within next two years. I just wonder when the price will always be higher than $1000.

I see it too, but not for the same reason as some people predict, but more on greeces continue problem.

And never ending crippling money movements with people wanting to buy more bitcoin.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: Amph on June 30, 2015, 02:30:32 PM

Quote from: odolvlobo on June 30, 2015, 12:23:28 PM

Quote from: GreenStox on June 30, 2015, 02:31:03 AM

My friend earned 500% returns on altcoins, and me about 200%.

Congratulations on your luck, but wait a second. In order for your friend to earn a 500% return on altcoins, somebody had to lose 67% on altcoins.
Your friend is lucky that he is the winner and not the loser in that trade. But next time, who knows?

an increase of 500% corresponds to a decrease of a 83.3% not 67%
...
but maybe you mean something else...

You are right. My error in basic arithmetic.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: odolvlobo on June 30, 2015, 12:23:28 PM

Quote from: GreenStox on June 30, 2015, 02:31:03 AM

My friend earned 500% returns on altcoins, and me about 200%.

Congratulations on your luck, but wait a second. In order for your friend to earn a 500% return on altcoins, somebody had to lose 67% on altcoins.

Your friend is lucky that he is the winner and not the loser in that trade. But next time, who knows?

an increase of 500% corresponds to a decrease of a 83.3% not 67%

other examples of what i'm saying

increase of 100%(x2) = decrease of 50%

increase of 50% = decrease of 33.3%

increase of 33.3% = decrease of 25%

then we have 300 is equal to a decrease of 75%, with 400% you have 80% and with 500% you have 83.3% and so on

but maybe you mean something else...

kenbytes

sr. member

Activity: 392

Merit: 250

I have no doubt that BTC will reach $1000 within next two years. I just wonder when the price will always be higher than $1000.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: GreenStox on June 30, 2015, 02:31:03 AM

My friend earned 500% returns on altcoins, and me about 200%.

Congratulations on your luck, but wait a second. In order for your friend to earn a 500% return on altcoins, somebody had to lose 67% on altcoins.

Your friend is lucky that he is the winner and not the loser in that trade. But next time, who knows?

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: GreenStox on June 30, 2015, 02:43:29 AM

Quote from: Amph on June 30, 2015, 02:40:16 AM

Quote from: GreenStox on June 30, 2015, 02:31:03 AM

My friend earned 500% returns on altcoins, and me about 200%.

Why wait for bitcoin when you can trade altcoins. Just get your bitcoins turned into altcoins, and then trade them, then after you won, convert back to bitcoin.

It wont go lower than this, 200€ is the floor

because that just luck, trading altcoin is much more about luck, because there are many of them and each of those alt are fucking unstable and super volatile, unless you are a part of group of pumper and can manipulate quite well the price, you will end up losing, but it is also obvious that between many losers there must be some winner

I`m not part of any group but me and my friend already made more than 100$ from trading alone, and on yobit, so thats says something about talent.

You have to have it in your blood i think. Also market manipulation is plain obvious here, all data is public so you can see what you need, this isnt like some shady forex broker.

yes there is some skill behind it, but with altcoin the luck is more strong, because of their not secure nature compared to bitcoin, which is far stronger

but it could just be a streak luck or something, i was doing something akin in the past with doge, 4-5 successful, big shorting, with which i double two times my doge stash

btw what altcoin are you trading?

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

Quote from: Amph on June 30, 2015, 02:40:16 AM

Quote from: GreenStox on June 30, 2015, 02:31:03 AM

My friend earned 500% returns on altcoins, and me about 200%.

Why wait for bitcoin when you can trade altcoins. Just get your bitcoins turned into altcoins, and then trade them, then after you won, convert back to bitcoin.

It wont go lower than this, 200€ is the floor

because that just luck, trading altcoin is much more about luck, because there are many of them and each of those alt are fucking unstable and super volatile, unless you are a part of group of pumper and can manipulate quite well the price, you will end up losing, but it is also obvious that between many losers there must be some winner

I`m not part of any group but me and my friend already made more than 100$ from trading alone, and on yobit, so thats says something about talent.

You have to have it in your blood i think. Also market manipulation is plain obvious here, all data is public so you can see what you need, this isnt like some shady forex broker.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: GreenStox on June 30, 2015, 02:31:03 AM

My friend earned 500% returns on altcoins, and me about 200%.

Why wait for bitcoin when you can trade altcoins. Just get your bitcoins turned into altcoins, and then trade them, then after you won, convert back to bitcoin.

It wont go lower than this, 200€ is the floor

because that just luck, trading altcoin is much more about luck, because there are many of them and each of those alt are fucking unstable and super volatile, unless you are a part of group of pumper and can manipulate quite well the price, you will end up losing, but it is also obvious that between many losers there must be some winner

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

My friend earned 500% returns on altcoins, and me about 200%.

Why wait for bitcoin when you can trade altcoins. Just get your bitcoins turned into altcoins, and then trade them, then after you won, convert back to bitcoin.

It wont go lower than this, 200€ is the floor

expert4knowledge

hero member

Activity: 826

Merit: 1000

The All-in-One Cryptocurrency Exchange

To be honest I consider little chance for bitcoin price goes to that amount but there is a little chance for being so while no one can ensure about it.

traderbit

hero member

Activity: 798

Merit: 1000

just had a friend that bought over 6K USD @ 3500ish...he's bummed...but at least said he doesn't lose a dime til he sells...think he'll be just fine

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

On a side note of all the bitcoin threads I hope the OP's Bitcoin to be $690 named thread TITLE ... here is sooooooo on the mark!

Just saying ....every time I see the thread title my little heart goes 'pitter pat'

WhatTheGox

legendary

Activity: 812

Merit: 1000

If you look at the price of litecoin rise recently its quite amazing how it was around 1.20 to 1.40 and then all of a sudden it can sustain a rise to $3 and stay there. Crypto can move up and sustain prices fast is the lesson. You ill see those prices again OP dont worry

dblink

sr. member

Activity: 252

Merit: 250

Quote from: Dafar on March 01, 2015, 06:50:07 PM

How else would I measure its purchasing power? If I don't value it by its purchasing power how else should it be valued??

I guess that is what exactly he meant, perhaps he meant that to see the bitcoin as an another more aspect such as programmable currency or replacement for fiat currencies and not limited to only for purchasing or exchanging values, this is my view of his comments.

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

Quote from: arallmuus on June 27, 2015, 09:45:47 AM

Quote from: GreenStox on June 26, 2015, 04:59:49 PM

This is the problem with speculation, no market is safer than others

Indeed there is none, unless you know what you are doing exactly and not speculating on it

Quote from: GreenStox on June 26, 2015, 04:59:49 PM

then 0.001% gain in 1 month Cheesy

As always, it seems that you posting something without some facts again. Seriously stop getting into delusion that there is only 0.001 % in a month. How about checking on some facts before posting? Feel free to check this https://bitcoinwisdom.com/. It is 3.55 % in a month which is quite a decent amount considering that if someone is not really active in trading. The 3.55 % could actually be higher if you sell it on the right count because price has declined since the last rally .

Much better is that if you know how to take position and profitted yourself from each small rally or some rebounds. Basically this is what holder left out because it is too much trouble for them . Instead of limiting themselves with a stop loss. Most people keep on holding and when the price crashed all they still do is holding it and hope that the price could get better

On another count, the 600 % gain in altcoin that you stated is merely a delusion as well because it is not everyday that you could get it. Also that it is off topic to discuss about altcoin in this thread

I was actually talking about forex markets not bitcoin. Yea on forex look for 20% earnings / year, so thats about 0.0000000001% / month (sarcastically).

However in Bitcoin, you can already see threads where you can invest and earn 200% returns in 1 hour. So its obvious which currency i would use

Topic: I need bitcoin to be $690 to break even.....will I make it? - page 5. (Read 26258 times)