Time to dump BTC now I say... | Bitcointalksearch.org

MatTheCat

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Quote from: segeln on February 06, 2014, 04:11:32 AM

Quote from: MatTheCat on February 05, 2014, 11:23:42 PM

Perhaps you should also advise him under no circumstances should he start up his own Bitcoin consultancy as he may end up with a lot of angry clients.

ha ha ha

After lecturing someone about the merits of buying and hodling at any price because any price in fiat currency for Bitcoins is cheap (I think Bitcoin was about $840 at the time), billyjoeallen informed us that he was thinking about starting up his own 'Bitcoin Consultancy'!

I nearly spat my teeth out into my tea! Well, I would have done if I had false teeth, and was drinking tea at the time, but a negative on both counts, I am pleased to say.

Quote from: DustyRah on February 07, 2014, 08:33:10 AM

As mentioned...

Did i congratulate you on your great call yet? Well in case I didn't, congratulations once again! Perhaps you can celebrate by quoting a small compendium of the most pompous bull-tard remarks and insults that you had to endure for very kindly providing people with the chance not to lose money.

DustyRah

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As mentioned...

segeln

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Quote from: MatTheCat on February 05, 2014, 11:23:42 PM

Perhaps you should also advise him under no circumstances should he start up his own Bitcoin consultancy as he may end up with a lot of angry clients.

ha ha ha

MatTheCat

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Quote from: DustyRah on February 05, 2014, 11:03:10 PM

Just as I mentioned day before yesterday BTC has taken a dump.

Good call again. PM billyjoeallen and let him know how wrong he was.

Perhaps you should also advise him under no circumstances should he start up his own Bitcoin consultancy as he may end up with a lot of angry clients.

DustyRah

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Just as I mentioned day before yesterday BTC has taken a dump.

akujin

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SSSHHHH!!! Keep quiet! He might fall! Cheesy

FierceRadish

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Yup, we really need a better way to get bitcoin in the UK.

MatTheCat

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Quote from: FierceRadish on February 05, 2014, 04:49:43 AM

Quote from: MatTheCat on January 21, 2014, 06:11:38 PM

Quote from: MAbtc on January 21, 2014, 06:07:58 PM

I only look at cash. I see no other use for localbitcoins. If I were interested in wires/transfers showing up in a bank account, I'd cash out from the exchanges.

I don't know if you are in UK or not, but for UK Bitcoiners, the 'local' exchange means Bitstamp, which deals in Euro and USD transactions. For most UK punters, there will be 3%-4% bank transfer/money changing transfers to deal with at both ends, going in and coming out. This is where LocalBitcoins comes into it's own for privacy insensitive Bitcoiners.

I'm in the UK and a SEPA transfer costs a flat rate of 4 Euro (with HSBC). I currently use Kraken, though also have a Bitstamp account. Kraken doesn't charge a fee at the other end. They charge 0.2% trading fees EUR/BTC (less for higher volumes), and 0.09 Euro to withdraw Euro via SEPA.

Let's say you're sending 500 Euro, this can mean around 1% in total fees.

(Granted, you're at the mercy of what the bank deems a fair exchange rate for GBP - EUR)

See what I highlighted. That there is your 3% - 5% premium. From what I read, a lot of people don't seem to know this. They are transferring money and don't realise that the banks exchange rate is some 3%-4% nippier than the actual exchange rate.

There are of course cheaper ways to get money into foreign currencies. TransferWise being the best of the bunch that I am aware off. However, they don't deal with Bitcoin exchanges and neither do any of the other cheaper alternatives to international bank wire. The only way for a Brit to get GBP onto Stamp at a cheap rate <0.5%, is to use a foreign (Euro) denominated bank account as a stepping stone.

FierceRadish

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Quote from: MatTheCat on January 21, 2014, 06:11:38 PM

Quote from: MAbtc on January 21, 2014, 06:07:58 PM

I only look at cash. I see no other use for localbitcoins. If I were interested in wires/transfers showing up in a bank account, I'd cash out from the exchanges.

I don't know if you are in UK or not, but for UK Bitcoiners, the 'local' exchange means Bitstamp, which deals in Euro and USD transactions. For most UK punters, there will be 3%-4% bank transfer/money changing transfers to deal with at both ends, going in and coming out. This is where LocalBitcoins comes into it's own for privacy insensitive Bitcoiners.

I'm in the UK and a SEPA transfer costs a flat rate of 4 Euro (with HSBC). I currently use Kraken, though also have a Bitstamp account. Kraken doesn't charge a fee at the other end. They charge 0.2% trading fees EUR/BTC (less for higher volumes), and 0.09 Euro to withdraw Euro via SEPA.

Let's say you're sending 500 Euro, this can mean around 1% in total fees.

(Granted, you're at the mercy of what the bank deems a fair exchange rate for GBP - EUR)

seleme

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Duelbits.com

Again?

Come on people, I have some fiat that started to stink waiting for your dumps Grin

chessnut

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Quote from: DustyRah on February 04, 2014, 10:45:09 PM

Quote from: billyjoeallen on February 04, 2014, 10:19:20 PM

Quote from: DustyRah on February 04, 2014, 09:59:41 PM

Quote from: billyjoeallen on February 04, 2014, 09:55:53 PM

Quote from: DustyRah on February 04, 2014, 09:50:31 PM

I was always bearish mate...MACD never turned positive if you look at the chart which I have posted at the beginning and now...

Always?? You must've lost an ass-load on money by now.

Either you've been wrong for years in which case I shouldn't listen to you or you haven't been around long, in which case I shouldn't listen to you. Which is it, Mate?

I am the original poster of this thread. Take a look at the chart which I posted at the start of the thread. Since then BTC has gone jack is what I meant to say...

No one is asking you to listen to me...hold on to your precious as you see fit...

If Bitcoin isn't doing jack, then it's doing exactly what it's supposed to do. It was designed as a medium of exchange. it's more useful when it's stable. If it's more useful, it becomes more valuable. if it's more valuable, it becomes more expensive. Then the price rises again until we take some profits and make it useful again. Haven't heard you say anything substantively or qualitatively different than any other bear for the last three years. If yer gonna be wrong, at least be original.

I am just saying that as per the chart its heading down...and if you know the charts then that's cool, but there are a lot of people who don't so no harm in letting them learn.

I am not in any way saying that BTC is all dead and over or some doomsday has arrived. And yes its certainly good news if it is more stable but volume is too low to make a call on that as of yet.

There were people wanting me to post when its time buy and now is not the time yet.

None of that justifies 'dump now while you still can'......
in fact thats a great contrary indicator when the market is going down....

DustyRah

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Quote from: billyjoeallen on February 04, 2014, 10:19:20 PM

Quote from: DustyRah on February 04, 2014, 09:59:41 PM

Quote from: billyjoeallen on February 04, 2014, 09:55:53 PM

Quote from: DustyRah on February 04, 2014, 09:50:31 PM

I was always bearish mate...MACD never turned positive if you look at the chart which I have posted at the beginning and now...

Always?? You must've lost an ass-load on money by now.

Either you've been wrong for years in which case I shouldn't listen to you or you haven't been around long, in which case I shouldn't listen to you. Which is it, Mate?

I am the original poster of this thread. Take a look at the chart which I posted at the start of the thread. Since then BTC has gone jack is what I meant to say...

No one is asking you to listen to me...hold on to your precious as you see fit...

If Bitcoin isn't doing jack, then it's doing exactly what it's supposed to do. It was designed as a medium of exchange. it's more useful when it's stable. If it's more useful, it becomes more valuable. if it's more valuable, it becomes more expensive. Then the price rises again until we take some profits and make it useful again. Haven't heard you say anything substantively or qualitatively different than any other bear for the last three years. If yer gonna be wrong, at least be original.

I am just saying that as per the chart its heading down...and if you know the charts then that's cool, but there are a lot of people who don't so no harm in letting them learn.

I am not in any way saying that BTC is all dead and over or some doomsday has arrived. And yes its certainly good news if it is more stable but volume is too low to make a call on that as of yet.

There were people wanting me to post when its time buy and now is not the time yet.

billyjoeallen

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Quote from: DustyRah on February 04, 2014, 09:59:41 PM

Quote from: billyjoeallen on February 04, 2014, 09:55:53 PM

Quote from: DustyRah on February 04, 2014, 09:50:31 PM

I was always bearish mate...MACD never turned positive if you look at the chart which I have posted at the beginning and now...

Always?? You must've lost an ass-load on money by now.

Either you've been wrong for years in which case I shouldn't listen to you or you haven't been around long, in which case I shouldn't listen to you. Which is it, Mate?

I am the original poster of this thread. Take a look at the chart which I posted at the start of the thread. Since then BTC has gone jack is what I meant to say...

No one is asking you to listen to me...hold on to your precious as you see fit...

If Bitcoin isn't doing jack, then it's doing exactly what it's supposed to do. It was designed as a medium of exchange. it's more useful when it's stable. If it's more useful, it becomes more valuable. if it's more valuable, it becomes more expensive. Then the price rises again until we take some profits and make it useful again. Haven't heard you say anything substantively or qualitatively different than any other bear for the last three years. If yer gonna be wrong, at least be original.

MatTheCat

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Quote from: DustyRah on February 04, 2014, 09:59:41 PM

I am the original poster of this thread. Take a look at the chart which I posted at the start of the thread. Since then BTC has gone jack is what I meant to say...

No one is asking you to listen to me...hold on to your precious as you see fit...

Yup. Thread started on 13th Jan. Bitcoin price $830 - $845 (Bitstamp). Bitcoin has never been valued so highly since that date and has nose dived significantly lower on a few occasions.

Good call!

DustyRah

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Quote from: billyjoeallen on February 04, 2014, 09:55:53 PM

Quote from: DustyRah on February 04, 2014, 09:50:31 PM

I was always bearish mate...MACD never turned positive if you look at the chart which I have posted at the beginning and now...

Always?? You must've lost an ass-load on money by now.

Either you've been wrong for years in which case I shouldn't listen to you or you haven't been around long, in which case I shouldn't listen to you. Which is it, Mate?

I am the original poster of this thread. Take a look at the chart which I posted at the start of the thread. Since then BTC has gone jack is what I meant to say...

No one is asking you to listen to me...hold on to your precious as you see fit...

billyjoeallen

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Hide your women

Quote from: DustyRah on February 04, 2014, 09:50:31 PM

I was always bearish mate...MACD never turned positive if you look at the chart which I have posted at the beginning and now...

Always?? You must've lost an ass-load on money by now.

Either you've been wrong for years in which case I shouldn't listen to you or you haven't been around long, in which case I shouldn't listen to you. Which is it, Mate?

MatTheCat

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Quote from: DustyRah on February 04, 2014, 09:50:31 PM

I was always bearish mate...MACD never turned positive if you look at the chart which I have posted at the beginning and now...

The 4hr 6hr MACDs which were looking negative 2-3 days ago, have now turned 'positive'......but in a period of low volume stagnation, this means nothing. The RSI and the KDJ may show that Bitcoin is 'oversold' but the lines are not interacting with each other in anyway which might suggest a 'must buy' situation. The longer term technicals which will be less influenced by the recent stagnation are all still pointing down the ways.

DustyRah

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I was always bearish mate...MACD never turned positive if you look at the chart which I have posted at the beginning and now...

billyjoeallen

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Hide your women

Quote from: chessnut on February 04, 2014, 09:37:21 PM

Quote from: DustyRah on February 04, 2014, 09:36:03 PM

Bail out while you still can....

FUD

Yeah, funny how these guys stop talking about the MacD when it turns positive. They are actually training us to ignore them.

chessnut

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Quote from: DustyRah on February 04, 2014, 09:36:03 PM

Bail out while you still can....

FUD

Topic: Time to dump BTC now I say... (Read 9962 times)