Topic: Near term price prediction. - page 3. (Read 3820 times)

My head is so bang. Much regret. So history.

I still have BTC that cost me a dollar, screenshot that bubba.

AFYI. As long as I believe that Bitcoin is on a bear trend, which I have believed since 2 days before the Dec crash, then I can only trade Bitcoin.


Unlike poor old Eddie, I change my dance to suit the tune.

I *know* that Bitcoin is in for a shocker to come. I have no idea what prices will be getting bandied about or even if everyone will get ripped off as an exchange goes out of business. We will see and probably not have to wait too much longer for things to hit.

MatTHECat is soooo many richez.  He make $1000 SHoTRing bitcoin.  ONE-THOUSAND-DOLLARS!!!!  So much more than all HODLRs.  I wish was like MatTHECat cuz in my country, we has only few hundreds doges.

Nowt wrong with wanting as many coins as possible for the least amount of outlay. There's no way I could take the strain of trying to time markets though.

Well, I banged this nail right on the head u fkn tosser.

Bitcoin did, exactly what I said it would do. On the screenshot that I removed, you would have seen my leveraged short sell at 816.32. Rarely do I time tops so well, but that was fkn clinical! Will see how my exit goes when I wake up tomorrow...hope it dont go tooo much lower than my exit point.

Only thing I got wrong was how fast it flashed by. I expected a right old queue of mugs to be lining up to be laden down with some overpriced whale coin....but no-takers after the pump it seemed.

Give me your Email and I shall send you a screen of my profits at your expense.

EDIT: Perhaps u are so touchy cos you are one of the mugs than ran into that blatant bull trap?

+2

If you believe in the long-term potential of bitcoin, MatTheCat, then just invest with an amount that would be a bit painful to lose, but not so much that you risk losing your home or hurting your family.  In 5 years time, following a disciplined divestment strategy (see Risto's SSS) you'll either have done extremely well, or you'll have a good story and life will go on.  

I won't name names, but there's someone who still comments here who *knew* that the bitcoin's fair value was $1.00 during the slide of 2011.  He refused to buy those few thousand coins he was waiting for, even at the $2 low.  Somehow he still maintains that he made the rational decision.    

+1.  If it weren't so fucking cold and snowy, I'd go get me some gin.

For weeks I have watched you post thread after thread of astonishing crap. I know my SNR is high, but wow you destroy me.

All this splashing around in a paddling pool, you make it sound like the world is watching. It's all just noise. You win some you lose some.

The way you are playing it you basically have a 50/50 chance of catching a break. Anything in-between is gambling, and by all means you do so, no skin off my nose, and if you make a few quid on the way then good on you, but the delusions that I keep reading about. Just wow. Mostly I just skim and marvel. Tonight, the gin is with me and I gotta spout some shit too.

Quote this for truth:

Buy as much as the fuck you can, right the fuck now. End of January comes and all the sell the (OMG CHINA BANNED BTC) rumours, are gonna buy the news. Not to mention all the "lets see what happens at the end of jan" dollars sat on the sidelines.

When we hit 5 figures your +/-$10 dance is going to look just as silly as all those people arguing about whether it was going up or down a dollar when we were at $12.

Fish. On.

Go and take a look at the Ask wall on Stamp:

https://www.bitstamp.net/market/order_book/

Never seen it so stacked. More stacked than it was two nights ago when Huobi plunged the market. Looks like a lot of folks are wanting/desperate to sell coins in between 815 and 850, never mind 900

At this very moment, I see prices continuing to hover around the 795/815 level for the next 10 to 15 days,
Then gradually retaking the 900 level. There we will have some kind of struggle, which will be resolved in a strong move down to an unpredictable level.

Thx

Updated: Well that played out much faster than I would have thought as it seems that after the whale-rat wallet A - whale rat wallet B pump, there was no dump! Instead, there was a severe shortage of mugs willing to go piling into the whale rat's buy wall in the $815-$820 range. Anyone who did what I said, will have done pretty well if they cash their short out even now (Bitstamp $801). Me, I am holding out for a good bet yet seeking multiple profits. Keep the losses small and the wins big...can't go wrong.

I only discovered shorting on Bitfinex very recently. If I had discovered it sooner I would have made a fkn fortune as I called the two big Dec crashes before they occurred and contented myself with trying to buy the dips. I done really well with the Dec 05 crash, catching the knife just $50 above its absolute bottom (i.e. the price that only the whale-rat gets to buy in at). On the Dec 17 crash, I called it again in advance, again to the derision of many on here, but this time I let all the bull-tard waffle on this forum get into my head, and I raised my buy-in tranches up $100 from the $400-$500 range (which I was assured was impossible) to a more 'realistic' $500-$600 range, which I was also assured was never gonna happen cos the Bid walls were so heavily stacked in this area. Well bitcoin went to $380 on this occasion and I bought in to the tune of about $25K at an average of $540. With hindsight, it was a stunning move, but unfortunately, I decided to start baby-sitting it at a very inopportune moment and lost my nerve like a little girl on particularly volatile $450 - $550 swing. I panic sold everything at $490.

If you are convinced like I am, that the market is in recession, in that no fresh capital is willing to enter at these price levels, and that the market makers are therefore undertaking to maximise their profits in a market which they know is going down (they control it, they dangle the bait, they know if the little fishes are biting or not), then trying to play the bounces is a mugs game. Far better to go short, entering market slowly at a point when you can see that the buying power is simply not going to push the price any higher, being sure to set a stop loss order to limit any losses you may might take.

Much better riding a bear market down trying to decide when to exit your short order, than sitting with your heart beating out your chest watch your buy-in level get taken out and the price continuing to plummet.

errr.. unfortunately, I'm uncomfortable with leverage, or shorts, or any of that kind of stuff. I will continue to wait for the dips, was just hoping you had some kind of feeling for at least a short-term bottom.

- and then I realize that there is no bottom for your bet. maybe I am starting now to understand what a "short" actually is.

Thank you again.

My gut tells me bad things are on the cards for Bitcoin. It doesn't know what, where or when, but just that these things are bad.

My mind tells me that the best investment strategy would be to wait for an obvious top where the buying power is clearly never going to push beyond it (or not much beyond it), and then short. I would suggest that this next stubborn top is going to be 815-820.

That is where I am placing my bets, but be warned. The only tip offs I have read on the internet that have come true, were the ones that I never betted on. So bear that in mind. If you bet on it, u probably gonna get stung, if you don't, good chance it will land pretty well.

I hope to have new fiat coming into the exchange by Wednesday by the latest. What do you think* feel is a good entry range?

*I mean what does your gut tell you, not your mind

Good thinking.

But lets just say that I am strongly convinced that a whole lot of bulltards are going to pile into the Ask walls at $815 - $820 range, in the expectancy that Bitcoin will rise at least to $845 - $850 like it did the last time, but of course, all that they will be doing is buying a mass of whale-rat coins at what will become yet another resistance point.

'twas 

Fun times.

You should not be posting this on a public forum! A user by the name of meelba comes to mind when I see this.

Smaller trade but can still have the same outcome for you

I agree with the "most harm" scenario, but it seems like you're ignoring the "most good" scenario.

So what if these hearings are positive? What if they provide guidance for exchanges and banking and inclusion in more traditional trading vessels (ETF, hedge/pension funds, etc.)

This scenario would place NYC as the epicenter of bitcoin, for better or worse.

All I'm saying is that there is a chance that a positive outcome could have an incredible impact. (also why IMO there is little chance of any clear outcome from these meetings - I just wanted to point out that there are outliers and "black swans" that should be taken into consideration when doing risk assessment)