You bears are not helping to stop the rally with all these double bottoms all over the place. 
The last one has just been formed at 740$ with hardly 2 hours in between.
The last one has just been formed at 740$ with hardly 2 hours in between.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31705. (Read 26608633 times)
November 22, 2013, 08:46:07 AM
November 22, 2013, 08:38:49 AM
Better buy a ticket to the moon then dump the coins @ gox
November 22, 2013, 08:38:30 AM
China seems a bit more uncertain about reaching for the stars again than Stamp or Gox.
Once Bitstamp confidently passes its ATH it will probably inspire Gox and btcchina to rally with it as well, bringing Gox close to its ATH in turn. Then when Gox passes its ATH all hell will break loose and btcchina will be catapulted towards its own ATH with Gox and Stamp following closely behind. It's like the three big exchanges are using each other as slingshots around their respective ATHs.
November 22, 2013, 08:37:02 AM
November 22, 2013, 08:32:32 AM
You bears are not helping to stop the rally with all these double bottoms all over the place. The last one has just been formed at 740$ with hardly 2 hours in between.
The last one has just been formed at 740$ with hardly 2 hours in between. November 22, 2013, 08:28:55 AM
Quote
If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position.
Oh, please, bear with me too.I can see clearly that you have a very complex way of losing!!!
It almost feels like not losing at all, doesn't it?
If you don't accept defeat, you can never lose
November 22, 2013, 08:27:20 AM
Quote
If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position.
Oh, please, bear with me too.I can see clearly that you have a very complex way of losing!!!
It almost feels like not losing at all, doesn't it?
btw you don't have to be right %50< of the time to make money, you can easily be wrong %80 of the time and still make money if your winning trades are that much bigger. Buying back at loss is the most important thing to successful long time low risk trading.
November 22, 2013, 08:24:41 AM
Quote
If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position.
Oh, please, bear with me too.I can see clearly that you have a very complex way of losing!!!
It almost feels like not losing at all, doesn't it?
November 22, 2013, 08:22:05 AM
Just saw the BitStamp ATH... blink and you missed it, but it still... choo choo and all that.
November 22, 2013, 08:20:41 AM
China seems a bit more uncertain about reaching for the stars again than Stamp or Gox.
have you converted.. the value of cny they are trading at.. there already in the 800usd in China
China was allways in this range the last hours.
They even were above 5100! Now at lousy 4950.
November 22, 2013, 08:19:36 AM
China seems a bit more uncertain about reaching for the stars again than Stamp or Gox.
have you converted.. the value of cny they are trading at.. they are already in the 800usd in China
November 22, 2013, 08:19:29 AM
This loan thing is depending what is the situation. It's dumb to say that investing loaned money is absolutely wrong or that it's right. Many people spend rest of their lives in debt hell and investing some of that to bitcoin might be the way to get rid of that debt. There's risk but you have to calculate those risks based on your situation.
Thanks, luckily I'm not in that risky a position, but I think you're point is true even for people in debt - it's a personal risk/benefit calculation. Can I survive total failure? Yes. Does the potential benefit justify the risk? Hell yes
November 22, 2013, 08:18:26 AM
To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol)
Like I said, it's a choice of liquidating existing savings which I can afford to lose - or getting a loan which offers a chance of achieving the same level of holding, in an instrument that "may" appreciate at such a rate that I can repay within the holiday period. If not, I cash out my savings. It's just time shifting, not increasing any risk. Anyway, what's with this idea that people don't borrow to invest isn't that what leverage is all about?
If you've got the choice, then get the money out of your savings. Take money out of savings which is earning you probably no more than 2% interest, or get a loan out on which you must pay 5% interest? Dude, this is a no brainer.
As he explains it, loaning is probably the option with the highest expected value and the downside risk isn't that great.
November 22, 2013, 08:18:16 AM
China seems a bit more uncertain about reaching for the stars again than Stamp or Gox.
November 22, 2013, 08:18:00 AM
422 coin buy on stamp.. wooo that guy is feeling bullish
1k+. There will be ATH at stamp in a seconds.
yar just got the back end of it scrolling by.. over taking gox almost, while stamps at it.
November 22, 2013, 08:17:01 AM
422 coin buy on stamp.. wooo that guy is feeling bullish
1k+. There will be ATH at stamp in a seconds.
November 22, 2013, 08:16:30 AM
422 coin buy on stamp.. wooo that guy is feeling bullish
November 22, 2013, 08:11:03 AM
To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol)
Like I said, it's a choice of liquidating existing savings which I can afford to lose - or getting a loan which offers a chance of achieving the same level of holding, in an instrument that "may" appreciate at such a rate that I can repay within the holiday period. If not, I cash out my savings. It's just time shifting, not increasing any risk. Anyway, what's with this idea that people don't borrow to invest isn't that what leverage is all about?
If you've got the choice, then get the money out of your savings. Take money out of savings which is earning you probably no more than 2% interest, or get a loan out on which you must pay 5% interest? Dude, this is a no brainer.
November 22, 2013, 08:08:56 AM
To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol)
If you have a mortgage and put some fiat into Bitcoin, You are essentially not paying off your debt by choice and using that money for high risk bitcoin speculation.
I should think many people fall into this category. Each month you are paying extra interest charges to invest in bitcoin.
It doesn't sound as bad as when you say 'borrowing money to speculate on bitcoin', but essentially it is the same thing.
Well put, and exactly my situation. I've got an interest only mortgage - I'm already "gambling" on property (which in London is a pretty safe bet)
November 22, 2013, 08:04:04 AM
To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol)
Like I said, it's a choice of liquidating existing savings which I can afford to lose - or getting a loan which offers a chance of achieving the same level of holding, in an instrument that "may" appreciate at such a rate that I can repay within the holiday period. If not, I cash out my savings. It's just time shifting, not increasing any risk. Anyway, what's with this idea that people don't borrow to invest isn't that what leverage is all about?
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