Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21273. (Read 26713421 times)

You can move a percentage of your savings to Bitcoin, and if it drops to $100 then just hold on to it. It is just as likely to go to $1000. At this stage I don't think there are any low risk investments, as banks can just confiscate your savings if they choose. If you want to keep your savings liquid then Bitcoin is a great choice. There are always precious metals, and if you want to invest in hard assets and have the cash, look at a Steinway Piano (they have appreciated in value as much as anything)

Coin
Explanation

Economics has an impractical definition of intrinsic value that leads to all sorts of wrong conclusions.

I'm not just being obtuse, I'm explaining what's wrong in the thinking.

Coin
Explanation

I don't see freedom in what it is that you say. That's just a lifestyle which you think you will be happy with at this moment in time. I am in the same country as you and my daughter receives child care too. I expect that the servants that provide the child care to her are poorly paid, they are typically aged between 16-22. I would find it tough work and their enthusiasm is quite something.

It sounds like you want a fair deal. "I'll work hard making properties nice for people to live in if everybody else will allow my wife to raise my son instead of work". But there is so much more that we get that we often do not think about, we get a building that we didn't have to build ourselves, it is supplied with fuel so that we can cook our food, bathe and heat our homes, we have water on tap. There are people every day bringing food in to our towns/cities and packaging them so that we can select them and take them home so conveniently.

I don't think there is anything wrong with you wanting such a deal. If you can get it, or have already gotten it then well done to you. I wouldn't call it freedom though. I would say it is more of a goal within the confines of the Great British Pound. Frankly, I wouldn't be without it. If/when Britain goes through something similar to Greece at the moment. Oh dear oh dear.

I like how bull and optimist your are, bassclef

Coin
Explanation

The setup didn't pan out as I had hoped but I'm still holding the position. I think LTC will probably follow BTC during the upcoming bull market (as it did in 2013) so it will pay to have strategic positions in each. One should be cautious playing with LTC as it's a smaller market and therefore more volatile and prone to slippage.

The recent rally in BTC is fundamentally different than those that came before it in that it jumped the resistance between $260-80 very decisively and quickly on strong volume, with a large jump in price in a very short time (compare the length of the big 3d green candle to previous ones).

After a long, excruciating trading range where price has held resilience and various informed interests have taken position, this is a huge sign of strength and an indication that the market is ready to move up and begin to correct and recapture some of the lost gains from the year long bear market.

Well, you will find my reply highly optimistic and realistic for me, so please don't understand as I'm encouraging you or anything.

First of all, always don't risk what you can't afford to lose.

Second, since first doesn't apply for me, because I'm all in, I can't see that bitcoin will go to zero or will take a high dip to $100, even if it took, I will be ultra-happy so I can buy more coins.

Third, as I always say, forget about the normal Joe like you and me, do you think all that bitcoin startups and VC with all effort, money and power put into bitcoin, is put without seeing tomorrow ? We are talking here about millions of millions.

At last, I see a better tomorrow with Bitcoin, not only me, a lot here agrees with me and we as a community march together for a better tomorrow, and let this reply be the witness

I think after all the shaken stock markets, Greece and all the other crap that really isn't going away, it has spurred on many investors to take a second hard look at BTC as an added security. Diversify!  

I don't think the Greece issue was behind BTC latest rise so much as everything else. That's why only a slight drop but still strong.

Freedom to me is buying property and working for myself renovating houses which I enjoy. Not relying on anyone else for work. Being able to treat my family without worrying. Being able to say to my wife she doesn't have to go to work again as we have enough money for her to bring our own child up and be at home with him each day instead of extortionate UK childcare costs that are more than her wage.

That's freedom for our family. No greed, just security.

When Greece pass the reforms through parliament on Wednesday everyone is expecting a dip right? It's not just me?

Up we go.

it had a uptrend for 3 weeks, I guess we continue it.

There is not a valid answer for your question, but if I can say something : it's the market (pump and dump) life.... panic buy and panic sell (nothing else).

Drop to 280s was a retracement. We're continuing up healthily

Weakhands shaken out , Greece bullshit over.
Let the real bullmarket show its true colors.


 

why has it moved up to 295? *scratches head
not complaining.

295 finex lets go to 300!

Can you retire from being a slave or can you just become a retired slave?

Lets say you have $1b in the bank and you live a lifestyle where you only use people's services and offer no service in return, you merely exchange your $ for goods and services until you die. Is this freedom?

Perhaps you would invest some of your $. Let's say you invest in property, well then you take on the role of overseer. You would take a rental income from your tenant and if they do not pay you would call upon the state to evict (punish) the tenant. It's all as civil as it can possibly be and I don't hate it but common we remain, no matter what number we achieve with our mathematics skills.