This is the all-in moment (Sunday March 15, 2015)

mmortal03

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Quote from: Biodom on March 18, 2015, 08:51:25 PM

Quote from: mmortal03 on March 18, 2015, 07:36:17 PM

What if I told you that it might *never* be a good unit of account, and that that wouldn't be a problem? Is gold a good unit of account? Speaking of which, is gold an invest-able asset for most people?

Fine. I am a bit tired of "whales" sinking the proverbial boat. Re gold-people could at least invest in gold ETF.

We're getting there. GBTC is on its way, and COIN will be next.

Quote

I heard a lot of verbiage in the last 12 mo, but don't see significant improvements in bitcoin economy, especially in the EASE of use.

Electrum 2.0 just added Trezor support; that's just one example off the top of my head that makes things easier for me to keep my bitcoins secure but still convenient to spend. This stuff is happening incrementally. It's still very early.

Biodom

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Quote from: mmortal03 on March 18, 2015, 07:36:17 PM

Quote from: Biodom on March 18, 2015, 06:23:08 PM

Looking at these day-to-day gyrations the conclusion is inevitable that bitcoin is still far away from being an investable asset for most people, let alone a unit of the account. However, by the time it would be, almost all appreciation would already occur. The dilemma is whether to take risk now when it goes up and down 10% a day, or later, when it will be safer, but with a limited appreciation potential.

What if I told you that it might *never* be a good unit of account, and that that wouldn't be a problem? Is gold a good unit of account? Speaking of which, is gold an invest-able asset for most people?

Fine. I am a bit tired of "whales" sinking the proverbial boat. Re gold-people could at least invest in gold ETF.
I heard a lot of verbiage in the last 12 mo, but don't see significant improvements in bitcoin economy, especially in the EASE of use.

mmortal03

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Activity: 1762

Merit: 1011

Quote from: Biodom on March 18, 2015, 06:23:08 PM

Looking at these day-to-day gyrations the conclusion is inevitable that bitcoin is still far away from being an investable asset for most people, let alone a unit of the account. However, by the time it would be, almost all appreciation would already occur. The dilemma is whether to take risk now when it goes up and down 10% a day, or later, when it will be safer, but with a limited appreciation potential.

What if I told you that it might *never* be a good unit of account, and that that wouldn't be a problem? Is gold a good unit of account? Speaking of which, is gold an invest-able asset for most people?

Dilla

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I think we are just making a +/- wave around a positive trend line since the 160 bottom. We hit a high of the positive wave now we are shooting to a low of the wave.

Biodom

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Looking at these day-to-day gyrations the conclusion is inevitable that bitcoin is still far away from being an investable asset for most people, let alone a unit of the account. However, by the time it would be, almost all appreciation would already occur. The dilemma is whether to take risk now when it goes up and down 10% a day, or later, when it will be safer, but with a limited appreciation potential.

bri912678

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Quote from: mmortal03 on March 18, 2015, 04:55:30 PM

Quote from: thejaytiesto on March 18, 2015, 11:14:37 AM

Quote from: jehst on March 15, 2015, 04:55:40 PM

1W MACD confirmed green
3D MA/EMA confirmed crossover
Conclusion of falling wedge + confirmed breakout with target near the ATH (https://www.tradingview.com/v/6AE9Qx7B/)
Q1 Ending (Gemini launch scheduled + GBTC trading imminent)
Wikipedia, twitter, and news activity ramping up
VC investment going through the roof

I've been watching this thing for years and I've never seen the stars align like this. Quote this for posterity and my own personal glory. Sunday March 15, 2015 was the all-in moment. And it was obvious.

Legit, I bought as much as possible this month, It has been a risking not buying since sub 350.

Hilarious how right after he posts this, the price takes a big dive. According to his chart, if you load new bars, it initially broke above the triangle, and now we get this dip.

Someone started posting about MACD confirmed green for weeks before Christmas, then we got a huge crash in January. I've been skeptical about MACD confirmed green posts ever since.

mmortal03

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Quote from: thejaytiesto on March 18, 2015, 11:14:37 AM

Quote from: jehst on March 15, 2015, 04:55:40 PM

1W MACD confirmed green
3D MA/EMA confirmed crossover
Conclusion of falling wedge + confirmed breakout with target near the ATH (https://www.tradingview.com/v/6AE9Qx7B/)
Q1 Ending (Gemini launch scheduled + GBTC trading imminent)
Wikipedia, twitter, and news activity ramping up
VC investment going through the roof

I've been watching this thing for years and I've never seen the stars align like this. Quote this for posterity and my own personal glory. Sunday March 15, 2015 was the all-in moment. And it was obvious.

Legit, I bought as much as possible this month, It has been a risking not buying since sub 350.

Hilarious how right after he posts this, the price takes a big dive. According to his chart, if you load new bars, it initially broke above the triangle, and now we get this dip.

mmortal03

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Activity: 1762

Merit: 1011

Quote from: SebastianJu on March 17, 2015, 01:15:32 PM

Quote from: uki on March 17, 2015, 12:26:40 PM

Quote from: E on March 17, 2015, 12:07:22 PM

Quote from: uki on March 17, 2015, 11:29:04 AM

Quote from: E on March 15, 2015, 09:57:48 PM

-snip-

52week ema has a date with destiny...

If 52 week EMA doesn't work then choose even longer one to make sure your thesis is backed. Old trick used by all gold bugs waiting for gold to rebound. And still waiting. They recently mentioned 400week ma. Why not?

No need for that - I can just fudge by a few pixels on one of the contact points and get whatever intersection is required.

That is another story with all the support cand resistance lines. Both fit perfectly fine once all is decided, but before the actual event it is down to granualarity of the charts. Few pixels do make a difference.

As far as i learned till now resistance lines and support are no lines, more an area... maybe it makes more sense to you then?

It definitely makes it easier to fudge with.

thejaytiesto

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Activity: 1358

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Quote from: jehst on March 15, 2015, 04:55:40 PM

1W MACD confirmed green
3D MA/EMA confirmed crossover
Conclusion of falling wedge + confirmed breakout with target near the ATH (https://www.tradingview.com/v/6AE9Qx7B/)
Q1 Ending (Gemini launch scheduled + GBTC trading imminent)
Wikipedia, twitter, and news activity ramping up
VC investment going through the roof

I've been watching this thing for years and I've never seen the stars align like this. Quote this for posterity and my own personal glory. Sunday March 15, 2015 was the all-in moment. And it was obvious.

Legit, I bought as much as possible this month, It has been a risking not buying since sub 350.

Kipsy89

sr. member

Activity: 280

Merit: 250

Relax!

Quote from: 8up on March 18, 2015, 08:59:18 AM

Quote from: Kipsy89 on March 18, 2015, 08:19:37 AM

Funny how everyone is prepared to buy back at $220 now. Seems like a lot you guys have shorted BTC just now and wait for the price to go to those levels... Are you sure this will happen?

i am not short neither have i sold any of my stash. imo this would be foolish. chance/risk reward is not huge enough.

but there was/is to much bullishness in the forum to power a further price surge. this is why i think, we need a healthy correction. also i like, that we haven't reached the TA goals that have suggested the price to rise to the log resistance at $350. my target actually is not $220 exactly, but 200 to 240 and i positioned myself acordingly - for new buys. i haven't sold coins since the $160 price rise.

Ah alright. Yeah well, it's hard to distinguish between all-time-bears, trolls and people who legitimately try to gauge the chances of the price re-testing previous bottoms, these days

Right now both, bears & bulls, can get burned pretty easily. Sometimes even both shortly after another.

8up

hero member

Activity: 618

Merit: 500

Quote from: Kipsy89 on March 18, 2015, 08:19:37 AM

Funny how everyone is prepared to buy back at $220 now. Seems like a lot you guys have shorted BTC just now and wait for the price to go to those levels... Are you sure this will happen?

i am not short neither have i sold any of my stash. imo this would be foolish. chance/risk reward is not huge enough.

but there was/is to much bullishness in the forum to power a further price surge. this is why i think, we need a healthy correction. also i like, that we haven't reached the TA goals that have suggested the price to rise to the log resistance at $350. my target actually is not $220 exactly, but 200 to 240 and i positioned myself acordingly - for new buys. i haven't sold coins since the $160 price rise.

Kipsy89

sr. member

Activity: 280

Merit: 250

Relax!

Funny how everyone is prepared to buy back at $220 now. Seems like a lot you guys have shorted BTC just now and wait for the price to go to those levels... Are you sure this will happen?

asuryan180

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Activity: 868

Merit: 1000

Quote from: 8up on March 18, 2015, 07:14:27 AM

$220 was the all-in moment (after $160) and $220 will be the new all-in moment in a few days.

disclaimer: my last to buys were at $160 and $220

I think you are right there i just made the same prediction last post, next stop $220 then i will buy in properly or get scared and not buy back in until it climbs back to $300. All in on the 15th of march will be bad times ahead for awhile.

8up

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$220 was the all-in moment (after $160) and $220 will be the new all-in moment in a few days.

disclaimer: my last two buys were at $160 and $220

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

What now? Is this drop temporary or is it falling now endless?

podyx

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"continued downtrend"

You have not proven anything right yet.

Stop patting yourself on the back and stop thinking your dick is huge... smh

Morecoin Freeman

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Legendary trader

Quote from: Morecoin Freeman on March 15, 2015, 05:19:07 PM

Quote from: asuryan180 on March 15, 2015, 05:12:46 PM

Quote from: Morecoin Freeman on March 15, 2015, 05:07:56 PM

I do not agree. I call below $270 before we see $300 again.
You can quote me on that.

I am with op the charts are talking to me i see them in my sleep and they tell me now it is time we about to explode this week, can you tell us when you believe the 270 is coming? I have quoted and will be sure to come back and give you a well done or we told you so

)

Possibly by next Wednesday or Saturday? It's really hard to do these kind of predictions. However, I'm confident we will see a continued downtrend.

Well, what can I say? Tongue

SebastianJu

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Quote from: uki on March 17, 2015, 12:26:40 PM

Quote from: E on March 17, 2015, 12:07:22 PM

Quote from: uki on March 17, 2015, 11:29:04 AM

Quote from: E on March 15, 2015, 09:57:48 PM

-snip-

52week ema has a date with destiny...

If 52 week EMA doesn't work then choose even longer one to make sure your thesis is backed. Old trick used by all gold bugs waiting for gold to rebound. And still waiting. They recently mentioned 400week ma. Why not?

No need for that - I can just fudge by a few pixels on one of the contact points and get whatever intersection is required.

That is another story with all the support cand resistance lines. Both fit perfectly fine once all is decided, but before the actual event it is down to granualarity of the charts. Few pixels do make a difference.

As far as i learned till now resistance lines and support are no lines, more an area... maybe it makes more sense to you then?

xDan

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ヽ( ㅇㅅㅇ)ﾉ ~!!

Agreed. The amount of investments and new companies popping up is exciting. At some point, the price can't help but follow

uki

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cryptojunk bag holder

Quote from: E on March 17, 2015, 12:07:22 PM

Quote from: uki on March 17, 2015, 11:29:04 AM

Quote from: E on March 15, 2015, 09:57:48 PM

-snip-

52week ema has a date with destiny...

If 52 week EMA doesn't work then choose even longer one to make sure your thesis is backed. Old trick used by all gold bugs waiting for gold to rebound. And still waiting. They recently mentioned 400week ma. Why not?

No need for that - I can just fudge by a few pixels on one of the contact points and get whatever intersection is required.

That is another story with all the support cand resistance lines. Both fit perfectly fine once all is decided, but before the actual event it is down to granualarity of the charts. Few pixels do make a difference.

Topic: This is the all-in moment (Sunday March 15, 2015) (Read 4532 times)