Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26269. (Read 26712353 times)

+1000!!!  Speaking as someone that HAD a high-priced mortgage, and after 15 years of investment the equity was still shit.  The bank was the only winner.

I have spent the last two years cutting all my debts completely loose.  I now only have $5K of debt to my name, and that'll be gone soon and I'll be debt free for the first time in 18 years.

The next house I own will be bought either completely outright, or with at least 80-90% down.

not having a mortgage at these interest rates, is kinda crazy!?

I like free beer!  

Litecoin was a very good trade for those who bought at $3.xx, they could make an easy 30%, but I don't think it is going over $5 (lets hope not )... and I don't think Bitcoin will go over $500 either.

A mortgage? Man, I don't know. I think it is the worst way you can lock yourself into a life-time of debt, and for what? A house and a car? I have bigger plan. I want to live in 5 star hotels around the world drinking grappa barricata all day long. Or die trying. 

lol that wall, i love it! 

lets keep a close eye on these shorts pilling in.

thank you all for contributing to my entertainment! free beer coming soon TM

Bitcoins are on sale this week. Cool!

C

leverage your mortgage

don't  leverage your Speculations....

leveraging in bitcoin long or short, is like borrowing money to gamble...

I agree with you. It is just that margin trading allow me to be long on bitcoin when i sense a rise (and my only capital is bitcoin). It's the only way i got to increase my bitcoin, without resorting to exploiting dumps (that for some reasons i am not good at).

don't worry bears, that wall at above 470, totaly fake, keep piling in the shorts, price is going lower! weeeeeeee

not my fault, i just predict it but i don't make it

At least it's not Forex with 50:1, 100:1, even 200:1 margin. Quite a racket they have going on there for new traders.

Digital currency markets are so volatile there is really no need to trade on margin, but to each his own. I don't personally do it, but I can see situations where it could be applied in a very strict, controlled fashion. Posters here trading on margin, however, don't inspire confidence.

why everyone shorting the bottom AGAIN

will everyone go long at 800? because it's CLEARLY going up

pretty sure market makers are getting fucking rich here.

Shorts on Finex already increased to 7000BTC. Blame it on Falllllling. 

monkey wants it down for 6 hours now.  some support at 471.

monkey gave up on the intraday downtrend already.  monkey is almost without opinion, intraday, now, but still wants 2 days of downward correction before reversal.

As a generalisation I would agree with what you say..... in general.... but not in this case... those borrowed funds are not being made available just to help people out... out of the kindness of brokers etc hearts... they know the game... it is their game... and their game is rigged for them to win...   Long term margin trading is hazardous to fish,  and I think detrimental to crypto.

Also I said that it is "in general" evil - not always and in of its self...  but the outcome is almost always the same in the long run... a few do well.. the rest...  get made into sausage

Generalization is evil.

Leverage is evil in general and shorting on leverage with margin is terrible idea in crypto, for all but the very best of traders....with deep pockets, not only for the individual but for crypto in general leverage sucks balls... as the flash twatage on BTCe  shows... useless leftover from the dying system... what is wrong with shorting thr traditional way? no for some reason, do it on borrowed funds, where you can get hunt stopped  seems like a reasonable idea for some...  wonder why? oh greed...  really wish leverage and margin trading never made it across to BTC personally... and I generally do not touch it... once upon a time with some low priced silver and low leverage sure.. but that really DID make sense.. and it was long not short.  

Meat and bone.....churn...churn...churn.... profit for exchanges churn churn hunt stop hunt stop swing churn, burn and fuck the consequences to the market, well there we go


Leverage is in general evil....think of it the same way as a casino... the odds are not on your side...of course, and if they were do you really think that an exchange/or broker would offer you "free money" to gamble with ?


Man each to their own... and those with the skills and the bankroll of course it can be childs play... in the long run most everyone else as in 90% of people get put through the grinder until they become so despondant they quit at a major loss, seen it over and over and over again.. sure there are some winners.. but much like a poker table... if you are looking around trying to figure out who the sucker is.... then it is most likely you.


Be careful out there...




 

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