Topic: Survey time! Was 340 the final bottom? (Read 4493 times)
I am not sure we will ever see $360 again, like we never say $64 or $266 (flash crash by $102 guys excluded).
Hear me now, believe me later... that base has not formed yet. And as such, any spike in price will be short lived. It needs a base to power the next run.
Have a look at how the bases were forming in all previous crashes. After hitting a minimum, the price bounces back up and sits there for a month or two, getting comfortable. So the ~500 range (or more broadly, 400-600 range) would, as predicted long ago, be the new base from where we take off in several months. But the downtrend is over at this point.
Same agreement looking forward to a fairly stable point guess I'll ponder selling some position around the end of the year on the assumption the next bubble breaks ATH + 80% then wait for the reversal lol.
Hear me now, believe me later... that base has not formed yet. And as such, any spike in price will be short lived. It needs a base to power the next run.
Have a look at how the bases were forming in all previous crashes. After hitting a minimum, the price bounces back up and sits there for a month or two, getting comfortable. So the ~500 range (or more broadly, 400-600 range) would, as predicted long ago, be the new base from where we take off in several months. But the downtrend is over at this point.
Despite the temp uptick, the trend is still down. And we have yet to see a base form. The market won't take off again until it has a base to support it.
No worries... you have time to accumulate your position. Buy on the dips. Don't get seduced by these temp spikes, buying in on a panic.
No worries... you have time to accumulate your position. Buy on the dips. Don't get seduced by these temp spikes, buying in on a panic.
Soooooo full of shit we broke through the 520 long term trend resistance point ...even the top levels depnding whos chart u were looking at
This is teh uptrend ..i just got a special friend rice delivery and the CHINESE delivery guy winked at me so ... these facts can not be denied !!!
Despite the temp uptick, the trend is still down. And we have yet to see a base form. The market won't take off again until it has a base to support it.
No worries... you have time to accumulate your position. Buy on the dips. Don't get seduced by these temp spikes, buying in on a panic.
No worries... you have time to accumulate your position. Buy on the dips. Don't get seduced by these temp spikes, buying in on a panic.
Soooooo full of shit we broke through the 520 long term trend resistance point ...even the top levels depnding whos chart u were looking at
This is teh uptrend ..i just got a special friend rice delivery and the CHINESE delivery guy winked at me so ... these facts can not be denied !!!
Ah, time will tell.
Fundamental forces that govern the markets never change. The market won't take off until another base forms.
Hear me now, believe me later... that base has not formed yet. And as such, any spike in price will be short lived. It needs a base to power the next run.
But of course don't let that stop you from panic buying in on this spike. If you hold long enough you'll still make out okay.
P.s. Did your Chinese friend give you anymore inside knowledge? A wink seems solid enough for me... buy, buy buy (eye roll).
Despite the temp uptick, the trend is still down. And we have yet to see a base form. The market won't take off again until it has a base to support it.
No worries... you have time to accumulate your position. Buy on the dips. Don't get seduced by these temp spikes, buying in on a panic.
No worries... you have time to accumulate your position. Buy on the dips. Don't get seduced by these temp spikes, buying in on a panic.
Soooooo full of shit we broke through the 520 long term trend resistance point ...even the top levels depnding whos chart u were looking at
This is teh uptrend ..i just got a special friend rice delivery and the CHINESE delivery guy winked at me so ... these facts can not be denied !!!
Despite the temp uptick, the trend is still down. And we have yet to see a base form. The market won't take off again until it has a base to support it.
No worries... you have time to accumulate your position. Buy on the dips. Don't get seduced by these temp spikes, buying in on a panic.
No worries... you have time to accumulate your position. Buy on the dips. Don't get seduced by these temp spikes, buying in on a panic.
adjust your definition of cheap - that was anything below $500. or sit there for the rest of your life, waiting for 50, your choice...
You would think with all the egg on peoples' faces that have said "we won't see XYZ again," these sorts of comments would slow down or stop entirely. Guess not.I think I finally got the last remaining pieces of eggshell out of my hair.
I think njcarlos slowly started realizing that eggs would be the only thing he can buy now instead of bitcoins
"the final fall to the bottom" umm if you want someone to answer this then they're gonna need a crystal ball friend.
Crystal balls of steel!
"the final fall to the bottom" umm if you want someone to answer this then they're gonna need a crystal ball friend.
adjust your definition of cheap - that was anything below $500. or sit there for the rest of your life, waiting for 50, your choice...
You would think with all the egg on peoples' faces that have said "we won't see XYZ again," these sorts of comments would slow down or stop entirely. Guess not.I think I finally got the last remaining pieces of eggshell out of my hair.
I have come to the party very late January/February this year - and although I would like to believe another ATH is before us, I am not (completely) sure. So for me the perspective of loosing investing that late is very real. And I am also not one of these people believing that buy-in price does not matter because there are 10,100 or 1000 x gains in the future. Been there, done that. Another investment, another country, another year. But the same philosophy: that only thing that matters is to buy, investment opportunity of the lifetime, normal rules do not apply ... To make the long story short, I did buy immediately back then, and lost most of my money. Fortunately, I have very few money back then as I was still in school, but the lesson was learnt. So - still not buying, although situation does look better in short term. I am also OK with never buying any bitcoin - but not OK with loosing like 50% of the money invested
Buying BTC is not investing.
Buying BTC mining equipment or putting your money into a Bitcoin-related enterprise is investing.
Buying BTC is investing according to the dictionary, since hodling is waiting for appreiciation in value.
in·vest·ment [in-vest-muhnt] Show IPA
noun
1.
the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.
2.
a particular instance or mode of investing.
3.
a thing invested in, as a business, a quantity of shares of stock, etc.
4.
something that is invested; sum invested.
5.
the act or fact of investing or state of being invested, as with a garment.
P.S. Someone already posted this
Highest risk investment with, potentially, the highest reward. That's why we're all here! It's exciting to watch your net worth increase (or decrease) by an order of magnitude each year.
This is a good point! Bitcoin is pretty entertaining to watch and owning some is like always having a bet down in a casino!
Highest risk investment with, potentially, the highest reward. That's why we're all here! It's exciting to watch your net worth increase (or decrease) by an order of magnitude each year.
I have come to the party very late January/February this year - and although I would like to believe another ATH is before us, I am not (completely) sure. So for me the perspective of loosing investing that late is very real. And I am also not one of these people believing that buy-in price does not matter because there are 10,100 or 1000 x gains in the future. Been there, done that. Another investment, another country, another year. But the same philosophy: that only thing that matters is to buy, investment opportunity of the lifetime, normal rules do not apply ... To make the long story short, I did buy immediately back then, and lost most of my money. Fortunately, I have very few money back then as I was still in school, but the lesson was learnt. So - still not buying, although situation does look better in short term. I am also OK with never buying any bitcoin - but not OK with loosing like 50% of the money invested
Buying BTC is not investing.
Buying BTC mining equipment or putting your money into a Bitcoin-related enterprise is investing.
I am not interested in day trading, if I would buy bitcoin, I would hold it for years or at least months. Do you suggest I should call it speculating anyway? Gambling it is not, imho, if I am doing my homework
Btw, by buying bitcoin I would also indirectly support miners and the whole growing ecosystem. Anyway, what do you think I should call it?
BTC is naturally risky.
Speculating is an accurate word.
invest,
verb (used with object)
1.
to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value.
2.
to use (money), as in accumulating something: to invest large sums in books.
That fact that bitcoin is risky - and I complete agree here - is not in any way related to its being a potential investment. It is simply a risky investment, always has been, and that is why it is offering higher return potential. Seems pretty simple, not sure what is a problem here?
Traditionally, the difference between "investment" vs "speculation" has been time horizon. Mine is definitely longer term, hence investment. Btw, buying mining equipment is also risky
I have come to the party very late January/February this year - and although I would like to believe another ATH is before us, I am not (completely) sure. So for me the perspective of loosing investing that late is very real. And I am also not one of these people believing that buy-in price does not matter because there are 10,100 or 1000 x gains in the future. Been there, done that. Another investment, another country, another year. But the same philosophy: that only thing that matters is to buy, investment opportunity of the lifetime, normal rules do not apply ... To make the long story short, I did buy immediately back then, and lost most of my money. Fortunately, I have very few money back then as I was still in school, but the lesson was learnt. So - still not buying, although situation does look better in short term. I am also OK with never buying any bitcoin - but not OK with loosing like 50% of the money invested
Buying BTC is not investing.
Buying BTC mining equipment or putting your money into a Bitcoin-related enterprise is investing.
I am not interested in day trading, if I would buy bitcoin, I would hold it for years or at least months. Do you suggest I should call it speculating anyway? Gambling it is not, imho, if I am doing my homework
Btw, by buying bitcoin I would also indirectly support miners and the whole growing ecosystem. Anyway, what do you think I should call it?
BTC is naturally risky.
Speculating is an accurate word.
I have come to the party very late January/February this year - and although I would like to believe another ATH is before us, I am not (completely) sure. So for me the perspective of loosing investing that late is very real. And I am also not one of these people believing that buy-in price does not matter because there are 10,100 or 1000 x gains in the future. Been there, done that. Another investment, another country, another year. But the same philosophy: that only thing that matters is to buy, investment opportunity of the lifetime, normal rules do not apply ... To make the long story short, I did buy immediately back then, and lost most of my money. Fortunately, I have very few money back then as I was still in school, but the lesson was learnt. So - still not buying, although situation does look better in short term. I am also OK with never buying any bitcoin - but not OK with loosing like 50% of the money invested
Buying BTC is not investing.
Buying BTC mining equipment or putting your money into a Bitcoin-related enterprise is investing.
I am not interested in day trading, if I would buy bitcoin, I would hold it for years or at least months. Do you suggest I should call it speculating anyway? Gambling it is not, imho, if I am doing my homework
Btw, by buying bitcoin I would also indirectly support miners and the whole growing ecosystem. Anyway, what do you think I should call it?
I have come to the party very late January/February this year - and although I would like to believe another ATH is before us, I am not (completely) sure. So for me the perspective of loosing investing that late is very real. And I am also not one of these people believing that buy-in price does not matter because there are 10,100 or 1000 x gains in the future. Been there, done that. Another investment, another country, another year. But the same philosophy: that only thing that matters is to buy, investment opportunity of the lifetime, normal rules do not apply ... To make the long story short, I did buy immediately back then, and lost most of my money. Fortunately, I have very few money back then as I was still in school, but the lesson was learnt. So - still not buying, although situation does look better in short term. I am also OK with never buying any bitcoin - but not OK with loosing like 50% of the money invested
Buying BTC is not investing.
Buying BTC mining equipment or putting your money into a Bitcoin-related enterprise is investing.
For posterity: I do not think it was a final bottom and have not started buying yet.
Wow, you sure do have hard balls and patience of steel there.
Wow, thank you!
Actually, I do not have hard balls - or any other balls, for that matter And I am not a particularly patient person. I am just having a somewhat different perspective than most in this forum. I have come to the party very late January/February this year - and although I would like to believe another ATH is before us, I am not (completely) sure. So for me the perspective of loosing investing that late is very real. And I am also not one of these people believing that buy-in price does not matter because there are 10,100 or 1000 x gains in the future. Been there, done that. Another investment, another country, another year. But the same philosophy: that only thing that matters is to buy, investment opportunity of the lifetime, normal rules do not apply ... To make the long story short, I did buy immediately back then, and lost most of my money. Fortunately, I have very few money back then as I was still in school, but the lesson was learnt. So - still not buying, although situation does look better in short term. I am also OK with never buying any bitcoin - but not OK with loosing like 50% of the money invested adjust your definition of cheap - that was anything below $500. or sit there for the rest of your life, waiting for 50, your choice...
You would think with all the egg on peoples' faces that have said "we won't see XYZ again," these sorts of comments would slow down or stop entirely. Guess not.You would think with all the egg on peoples' faces that are still waiting for $1 or $10 or $100 bitcoins, these sorts of responses would slow down or stop entirely. Guess not.
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