The basis of my opinion: what goes up must come down.
This is another nonsensical rule of thumb based on herd mentality. The claim is not supported.
Topic: September and October will be eventful. - page 2. (Read 10403 times)
This is another nonsensical rule of thumb based on herd mentality. The claim is not supported.
This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
You are just on a shorter-term mind set.
I'm thinking longer term.
Yeah but thinking long term is boring.
Start a business that accepts btc, get a hobby, go to school, or get a job. Find a better use for your time than playing "guess the next subsubsubwave" in a market that has tremendous volatility.
The basis of my opinion: what goes up must come down.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
With that theory we should be at $2 then in the future right? lol
Do you not agree? Open markets... they go up, they go down. If it just went up 30-40%, it's more likely to come back down in the near term, no?
I'm not saying I would bet my life savings on it, but there is a chance it will happen. Everyone else acts like this is an impossibility.
The basis of my opinion: what goes up must come down.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
With that theory we should be at $2 then in the future right? lol
This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
You are just on a shorter-term mind set.
I'm thinking longer term.
Yeah but thinking long term is boring.
In your opinion.
The basis of my opinion: what goes up must come down.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
You are just on a shorter-term mind set.
I'm thinking longer term.
Yeah but thinking long term is boring.
This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
The problem, perhaps, isn't that there is too much optimism, but rather what backs it up? Some of the posters here are pretty respected. I'm open to any opinion. But lets see some evidence.
What is the basis for your bear opinion? (e.g., TA, fundamentals, etc.); Otherwise it is essentially the same thing as the bulls just being bullish with no evidence to back it up.
IAS
Surely CoinHoarder will respond...
None of you know what the market is going to do tomorrow or next week.
It is irrelevant what the market does tomorrow or next week. Ten, twenty and fifty years are much more important price points
This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
You are just on a shorter-term mind set.
I'm thinking longer term.
This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
The problem, perhaps, isn't that there is too much optimism, but rather what backs it up? Some of the posters here are pretty respected. I'm open to any opinion. But lets see some evidence.
What is the basis for your bear opinion? (e.g., TA, fundamentals, etc.); Otherwise it is essentially the same thing as the bulls just being bullish with no evidence to back it up.
IAS
This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it very possibly coming back down towards 100-110.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it very possibly coming back down towards 100-110.
I have been in NYC the past two weeks working on several very significant Bitcoin related projects.
Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?
Wish I could.
Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.
And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.
If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).
This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!
Upon further review, you have given up a lot. How far can you go?
And Vladamir, oh, I get the feeling you ain't telling all...
It's About Sharing
>> Lol, even the worst website for wannabe-traders explains in the first steps / lessons that you should not trade with emotions.
What is trading for then, if not for some adrenalin?
What is trading for then, if not for some adrenalin?
(stocked up on Popcorn)
The price of popcorn will explode as well. Good investment!
See ya's at 1k
We are on the verge of panic buying and seller strikes. Once price breaks 170$, which could be next week, the bulls will go berserk and all those who hoped to buy once it crashes will surrender and buy back at loss.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
I totally agree with the OP's original point. Everyone expects volatility in BTC, and part of that means that the price should drop from time to time, but everyone is also long term bullish. I just don't think that the supply side will be robust enough to support a price decline; i.e. if the price drops, people are willing to just wait it out. This is why the price will not drop below $100 again
Wall street traders back from vacation, time for some serious play 
Yup, it's a game, not a currency ...
Should work out well
Wall street traders back from vacation, time for some serious play
Just like so many others sunnankar his timing is poor. His most bullish posts appear at tops. At bottoms he is silent here. At least since I follow him end 2012.
This is not emotional analyses, just empirical observation.
I like his interviews and it's thanks to him also that I started seeing and understanding bitcoin. I agree with his long term bullish stand, I criticise his short term poor timing here on the speculation forum.
RS, I'd like to gently pull seniority on you here. Sunnankar has been doing bullish posts since I joined early 2012, with BTC < $5. He's been bullish the entire time, which is consistent with a financial advisor, BTW. These guys and their clients are not day traders.
There's no "bad timing" here. There's no timing at all. He's looking at a 5+ year horizon.
In such case my criticism would be incorrect indeed. However Sunnankar his posts here on the speculation forum are short term predictions, like he did again in this thread, not long term ones.
I think my criticism still stands and I will add a warning: be careful with his short term price predictions here, I remember he also posted similar short term bullish stories right before the collapse from $200 to $50.
Long term his price predictions have been very good though and I highly recommend to check out his work to understand the true value and potential of bitcoin.
very accurate short term predictions are available on
https://digitalcurrencyresearch.com/
Just curious. Instead of posting your link(s) more than once. Why not just put your link in your signature? Maybe highlight it?
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