Topic: September and October will be eventful. - page 4. (Read 10406 times)
I expect that Bond & Stock Market uncertainty will drive the price on Vladimir's suggested timescale, and also that the Chinese state will fight the Syrian war in part via BTC price proxy. I was going to put the cheesy smiley, but on second thoughts, it's not so appropriate to defuse the disbelief of the solipsists anymore; if you don't think that either general market crashes or state inervaention in the BTC price are likely events, then you've got alot of lessons to learn in realism. I'm hoping there aren't too many lessons in realism for us all that emerge from the current geo-political trajectory. John Kerry is a scary kind of (former) peace activist.
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!
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Vladimir - manipulating the price since 2009.
Remember people: this is all speculation until it's history.
Remember people: this is all speculation until it's history.
zero risk investment? 
there's no such thing.
there's no such thing.But the banks will sell you that ILLUSION, usually in the form of a home valuation that "always goes up".
zero risk investment? there's no such thing.
Anyway, align yourself with the universe and listen to your heart while sending unconditional love to everyone and everything. Then, you can enhance your trading strategy by adding the gut feeling component which will be the truest of them all.
there's no such thing.Anyway, align yourself with the universe and listen to your heart while sending unconditional love to everyone and everything. Then, you can enhance your trading strategy by adding the gut feeling component which will be the truest of them all.
Seriously!?
The real world is a lot different from what you think it is. I do not want to offend you, but what is quoted above is just so not true, it hurts. To clarify, I do not trade at all, but most trades out there are driven by two simple emotions: fear and greed. In Bitcoin even more so than in other markets.
The real world is a lot different from what you think it is. I do not want to offend you, but what is quoted above is just so not true, it hurts. To clarify, I do not trade at all, but most trades out there are driven by two simple emotions: fear and greed. In Bitcoin even more so than in other markets.
Who trades with fear and greed? If you don't trade yourself, how would you know?
You only trade with money you can freely lose, so what would you be afraid of?
I'm trading bitcoins, and I am not greedy, I have a strategy with "take profits" and "stop loss". I don't change it because I feel it right to change it
I think new people entering the market will do what I did in April. I was new and then thought, "Wow. I can't believe how fast the price is rising. I should have bought more when I first invested." Not knowing how far the price would rise I then decided to invest as much as I could afford to lose. It was a bit of an "emotional" investment at that point. Of course the market then crashed. I did not sell low though. I just figured that there would be a rebound at some point, which there is now. This time around I plan on selling half of my stash when the price doubles for what I paid and then I will buy more if the price does crash. If it never crashes again then I have a small little stash of BTC that I did not pay anything for at least so it becomes a zero risk investment regardless of what it does at that point. That is my thinking anyways.
$1,000 in 2013 would mean a drastic price rise, a major melt up. Frankly, I don't see that happening but he, this is Bitcoin 
We are on the verge of panic buying and seller strikes. ....
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
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 think you may be underestimating where the price could go this fall.
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?
Thanks!
Agree. Only with low volatile asset trading can you easily separate emotions with logic. BTC however, is highly volatile, it can gain $20 today, lose $40 tomorrow. High volatility in my opinion is normally high emotions and uncertainty. Your typical investment rational strategy is not effective with highly volatile assets.
While some people have allotted a certain portion of their "wealth" to bitcoin and will allow things to play out without even considering selling during crashes. Potential upside is vastly greater than the potential loss so the risk is worth taking. Let it ride
We are on the verge of panic buying and seller strikes. ....
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
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 think you may be underestimating where the price could go this fall.
I have been in NYC the past two weeks working on several very significant Bitcoin related projects. I think there is a possibility we could see a major price melt-up based on fundamentals to $1,000+, perhaps even $5,000+ and then a crash if the markets get particularly unruly, bitcoins over the next 6 months.
Agree. Only with low volatile asset trading can you easily separate emotions with logic. BTC however, is highly volatile, it can gain $20 today, lose $40 tomorrow. High volatility in my opinion is normally high emotions and uncertainty. Your typical investment rational strategy is not effective with highly volatile assets.
Seriously!?
The real world is a lot different from what you think it is. I do not want to offend you, but what is quoted above is just so not true, it hurts. To clarify, I do not trade at all, but most trades out there are driven by two simple emotions: fear and greed. In Bitcoin even more so than in other markets.
The real world is a lot different from what you think it is. I do not want to offend you, but what is quoted above is just so not true, it hurts. To clarify, I do not trade at all, but most trades out there are driven by two simple emotions: fear and greed. In Bitcoin even more so than in other markets.
Who trades with fear and greed? If you don't trade yourself, how would you know?
You only trade with money you can freely lose, so what would you be afraid of?
I'm trading bitcoins, and I am not greedy, I have a strategy with "take profits" and "stop loss". I don't change it because I feel it right to change it
LOL come on, clearly you aren't aware that most people aren't expert traders. Sure YOU might trade on pure logic and strategy, which is the best way to go, but most people aren't that controlled and this is pretty much common knowledge. Bitcoin is the ultimate example of fear and greed controlling peoples trades. The insane price swings from 266 all the way to 50 in days are lead by traders emotional panic and desire to get as much money as possible, either going up or down.
There will definitely be some action in September for sure as the Fed will announce if they will end Quantitative Easing or continue with QE3. If they reduce or stop QE3, money will be flowing out of the stock market and looking for somewhere else to make a profit, not saying it will all come to BTC, but even a small % will have large effects for BTC. Not to mention the speculation with the BTC ETF being approved or denied which will have a major impact on BTC price. I am feeling bullish about BTC price as everything seems to favor upward gains at the moment for BTC.
Have fun guys. Fun time has begun !!!
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyztgSza1gSMAzm1g7za2gEMAzm2g14zxzi1gUOzi2gMACDzi3gRSIzi4gCCIzvzl
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyztgSza1gSMAzm1g7za2gEMAzm2g14zxzi1gUOzi2gMACDzi3gRSIzi4gCCIzvzl
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Also, we all talk our books, unconsciously or not. Are you aware that your book is a permabull one? ("I do not trade at all")
Yes, I am aware. No argument here.
So how has the ride been for you the past months?I'm asking since I am really tempted to change to your strategy.
The only thing that worries me, will I be able to handle the sometimes devastating losses? Were you?
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Well... 10 to 15. I also infer that there are lots more.
Also just look at this kind of sentiment https://bitcointalksearch.org/topic/can-i-get-some-expert-advice-285076 it is like all over this forum.
Also just look at this kind of sentiment https://bitcointalksearch.org/topic/can-i-get-some-expert-advice-285076 it is like all over this forum.
That's a lot of people I admit.
Sentiment is divided. You can read a lot of 'will buy lower' indeed, but also still a lot of permabulls and buy and holders around, who become more outspoken today, like you, which is another indicator this market is ready to turn.
Also, we all talk our books, unconsciously or not. Are you aware that your book is a permabull one? ("I do not trade at all")
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat.
How many do you know if you are willing to share?
You might be exaggerating the number?
Lol, even the worst website for wannabe-traders explains in the first steps / lessons that you should not trade with emotions.
Everyone should trade with money he can afford to lose, that would be the second lesson.
And I'm speaking about websites designed to people who know anything about trading / finance like (in French): http://www.forexagone.com/
People who took a loan and invested everything in bitcoins and only trading with fear to lose everything and greed to make more money are just plain stupid. If you consider themselves as a majority: lol. That might be their first mistakes as beginners, but they won't do it twice...
Everyone should trade with money he can afford to lose, that would be the second lesson.
And I'm speaking about websites designed to people who know anything about trading / finance like (in French): http://www.forexagone.com/
People who took a loan and invested everything in bitcoins and only trading with fear to lose everything and greed to make more money are just plain stupid. If you consider themselves as a majority: lol. That might be their first mistakes as beginners, but they won't do it twice...
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