Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18039. (Read 26610001 times)
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Colletrix - Bridging the Physical and Virtual Worl
December 24, 2016, 05:08:35 PM
The economy needs to be stable or improving steadily from now till 2019 for that pencilled-in scenario to be signed in ink. Right now it looks like a pipe dream. Until then, economists will assure you everything is fine, and if and when it isn't, they will say the fall was unforeseeable.
December 24, 2016, 04:18:29 PM
the trick is the $ retirement accounts are best used to invest in the stock market. basic intelligent investing will have a better return (3-7%) than the rate of inflation (2-3%)
Pension funds are fubarred. They have liabilities they cannot cover. With bond yields at historical lows, they are struggling to meet their promises of a fixed return. Furthermore, this struggle is forcing them into riskier securities, such as stocks and repackaged junk debt. What happens when the next recession hits, or, as is more probable, the next crash? These purported stalwarts of financial responsibility are going to come crashing down themselves, like the twilight of the gods, taking their hapless investors with them.
Possibly.
However, the Fed has pencilled in interest rates of 3% come 2019 - this, from .25% a few weeks ago. Bond rates will follow. This will change the game for pension funds.
December 24, 2016, 04:04:04 PM
the trick is the $ retirement accounts are best used to invest in the stock market. basic intelligent investing will have a better return (3-7%) than the rate of inflation (2-3%)
Pension funds are fubarred. They have liabilities they cannot cover. With bond yields at historical lows, they are struggling to meet their promises of a fixed return. Furthermore, this struggle is forcing them into riskier securities, such as stocks and repackaged junk debt. What happens when the next recession hits, or, as is more probable, the next crash? These purported stalwarts of financial responsibility are going to come crashing down themselves, like the twilight of the gods, taking their hapless investors with them.
December 24, 2016, 03:23:00 PM
Happy Holidays Bitcoiners!
December 24, 2016, 03:14:38 PM
I'm not so sure about having the gold in an ETF TBH, though it has been giving good returns. Just a bit worried about their solvency long term. Just seems better than holding physical gold, for various reasons.
I hope you are already aware that there is nowhere near enough actual gold in the world to redeem each unit of 'paper gold'.
Yes - that is my concern. I'm just hoping that the circumstances under which the paper might ever need to be redeemed are a long way away I suppose. But it is a bit of a gamble, I grant you. People were saying the same thing about credit in 2007.
I'd love some physical gold, but a) not the same tax advantages in the UK and b) security concerns.
What you really need is a fireproof and obfuscated passphrase to your wealth held in your possession. Something like this :-
No tax advantages - but it has outperformed all my other investments by a country mile over the last few years.
God bless the Chinese - God bless us all.
December 24, 2016, 02:59:36 PM
I'm prepared to purchase more of bitcoins for $800, but not for more than that.
Best of luck - you may end up crying with a big pile of stinky fiat in your hand as the price moons.
December 24, 2016, 02:57:25 PM
I'm not so sure about having the gold in an ETF TBH, though it has been giving good returns. Just a bit worried about their solvency long term. Just seems better than holding physical gold, for various reasons.
I hope you are already aware that there is nowhere near enough actual gold in the world to redeem each unit of 'paper gold'.
December 24, 2016, 02:41:40 PM
Is this not a head and shoulders forming?
December 24, 2016, 01:50:32 PM
Xmas correction to 860$ and then rocket goes to moon?
Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon 
I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.
Bitcoin is sustaining the price of $899-$900 today by the way.
December 24, 2016, 01:14:38 PM
Xmas correction to 860$ and then rocket goes to moon?
Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon 
December 24, 2016, 01:08:37 PM
Good morning Bitcoinland.
It seems that our frantic bull run has been slowed by resistance at $900 and we're still consolidating... presently $898 at Bitcoinaverage.
What will Santa Claus bring us? A nice gift or a lump of coal?
It seems that our frantic bull run has been slowed by resistance at $900 and we're still consolidating... presently $898 at Bitcoinaverage.
What will Santa Claus bring us? A nice gift or a lump of coal?
It is hard to say but I am expecting bitcoin to give some decent returns to all the holders. I think bitcoin can cross 1000 USD by Jan 1, 2017. The move has already began, we can see some selling and side ways movement in price, but it will take off eventually.
December 24, 2016, 12:30:34 PM
December 24, 2016, 12:24:18 PM
What happened to Stolfi on this thread ?
I miss his intelligent lack of nous.
I miss his intelligent lack of nous.
December 24, 2016, 12:21:53 PM
China taking us up again? 
December 24, 2016, 12:14:17 PM
I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.
Your retirement funds are in fiat?
The very first coins I bought for $68 back in early 2013 were bought specifically as a retirement fund, or rather as a nest egg for my old age as I was already mostly retired. I was 64 years old at the time and had no real retirement funds per se.
This is why I accumulate and spend only when absolutely necessary.
Keeping your retirement funds in ever-devaluing fiat is silly. Overall, Bitcoin has increased in spending power while the value of fiat has dwindled.
the trick is the $ retirement accounts are best used to invest in the stock market. basic intelligent investing will have a better return (3-7%) than the rate of inflation (2-3%)
Property and other personal tangible assets aside, I reckon maybe 80% of my net worth is in stocks (and bonds unfortunately - via my pension scheme - they are statutorily bound to invest in (low yielding) bonds - low risk etc ). I am exposed to gold in an ETF, and of course bitcoin for the rest.
I'm not so sure about having the gold in an ETF TBH, though it has been giving good returns. Just a bit worried about their solvency long term. Just seems better than holding physical gold, for various reasons.
I have considered diverting some of my pension funds to an BTC ETF myself - but on balance I'd prefer, for the reasons stated by lightfoot, to hold my own, so to speak.
December 24, 2016, 12:01:33 PM
I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.
Your retirement funds are in fiat?
The very first coins I bought for $68 back in early 2013 were bought specifically as a retirement fund, or rather as a nest egg for my old age as I was already mostly retired. I was 64 years old at the time and had no real retirement funds per se.
This is why I accumulate and spend only when absolutely necessary.
Keeping your retirement funds in ever-devaluing fiat is silly. Overall, Bitcoin has increased in spending power while the value of fiat has dwindled.
the trick is the $ retirement accounts are best used to invest in the stock market. basic intelligent investing will have a better return (3-7%) than the rate of inflation (2-3%)
December 24, 2016, 11:36:19 AM
I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.
Your retirement funds are in fiat?
The very first coins I bought for $68 back in early 2013 were bought specifically as a retirement fund, or rather as a nest egg for my old age as I was already mostly retired. I was 64 years old at the time and had no real retirement funds per se.
This is why I accumulate and spend only when absolutely necessary.
Keeping your retirement funds in ever-devaluing fiat is silly. Overall, Bitcoin has increased in spending power while the value of fiat has dwindled.
December 24, 2016, 11:09:56 AM
I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.
^sells farm,hogs,wife....buys BTCitcoin!
~moonshipzzz inkoming//^ December 24, 2016, 11:06:53 AM
Good morning Bitcoinland.
It seems that our frantic bull run has been slowed by resistance at $900 and we're still consolidating... presently $898 at Bitcoinaverage.
What will Santa Claus bring us? A nice gift or a lump of coal?
It seems that our frantic bull run has been slowed by resistance at $900 and we're still consolidating... presently $898 at Bitcoinaverage.
What will Santa Claus bring us? A nice gift or a lump of coal?
December 24, 2016, 10:54:17 AM
Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.
You mean $1,000 will be broke before the new year ?
i think $1000 will come within 24hrs of it crossing $940. but its hard to predict how long it takes to move past the current 880-920 range. maybe 3-4 days, maybe we sit here for a week or two
Let the bulls take their breathe, but I really would like to see $1,000 broken before the new year, we still have one week to go.
i want to say that the realistic next step is a 50% retrace, to ~$820, followed by months of consolidation. But, i think crossing $900 was too significant a milestone, and likely the start of a 2013-esque bullrun that could go up into the $1400-2200 range within a month or two
Ive learned to just keep clear of leveraged trading though, and am hodling the majority of my coins for a longer duration
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