Topic: WHAT ARE U GUYS WAITING FOR? (Read 2330 times)

I have my trading funds split into 3 groups. One is for the 4h, one is for the 1d, and one is for the 3d.   With the 1w I start using leverage.

The Winklevii ETF won't get approved this year. (Or ever.) And the SecondMarket thing has been known for a while, no? (I read an article on it today, which seemed to state that it's basically approved, and therefore probably priced in.)

Known bullish events are priced in already.
I suspect BTC ATH happened in November 2013.
But there's still a lot of room for volatility, which will be triggered by new massive thefts, hacker attacks, government clampdowns and general mischief and fraudulent activities from various third parties in the BTC ecosystem. However, I expect this volatility to take place along a mostly bearish trendline.

No, the hope of it - or some of the hope - might be priced in by small investors.
The real money can't be, because it hasn't happened yet. Potentially lots of regular-Joe investors who want to buy bitcoins but are scared of unregulated exchanges doing it this way. We won't know how many until we get there. But it cannot be priced in, because this is a new tranche of money from a new demographic that doesn't currently have/want access to bitcoin.
That's how I see it, anyway. Tell me why I'm wrong (in a helpful Socratic-method kind of way, ideally, rather than inane trolling, but I'll take what I can get).

Unlikely, it hasn't happened yet and confirmed sources have not ensured that it will.

It's probably priced in already.

Well I'm not going to cry many rivers for the altcoins. Or the 'to da moon' brigade.
Apathy is about right. It's a kind of frustrated passive anger that their train hasn't come after all. What that means long term I'm not sure yet. I think we're certainly crypto-fatigued for now, and rightly so. But even so I can't see this going much lower than 400.
Longer term, I don't know whether bitcoin has a real future or whether something else will take over. From my perspective, it does solve real-world problems - I get paid in btc for working for people on 3 continents. Of course, it's a transmission mechanism first and foremost, rather than a currency itself. But still: enough use to stay around and if it spreads that will only become more the case.
I've got to say I'm curious to know what will happen at the end of the year when big money starts to get access. Second Market retail investors, maybe Winklevii ETF, who knows what else. In that respect bitcoin has a major headstart on anything else. Maybe that will be a damp squib, maybe it will be the mother of all bubbles, maybe it will be more sustainable - or there will be spikes and dips but the dips will still make $600 look like a bargain. Won't know until we get nearer to that happening. There's a lot of VC funding and interests in bitcoin, so I'm cautiously optimistic right now.

Great posts MatTheCat.

I'm not waiting for anything, i have traded all my euros for bitcoins months ago already.

The next time i have some euros again i will consider buying some gold and silver coins though, just to diversify my assets a little.

must agree, the 1 day macd looks very ugly.

As far as I am concerned we only ever got up to $600 range due to one big massive whale buyer on the one day where their seemed to be a threat of Ukraine's currency going down the tubes. Both his buying power and the avalanche of panic buying that he instigated took us up to $710 but since then, the market has been reluctant to consolidate anywhere at these levels and we are now right back where we were pre-March 3rd. Back then, I was shorting at $575, and looking for buy ins right through $460 - $500.

Perhaps we might end up in low $400's, or lets face it, even the $300 range is very possible. Sentiment is actually much more negative than it was 3-4 weeks ago. Back at the time of Gox ceasing operations, there was a big panic, and an ultra volatile bottom and recovery that had everyone around here slapping each other on the back for having 'got in at the bottom'. "Hooray, its all over, now 2 da moon!" The current negative sentiment is of more an apathetic variety. The Bitstamp order book has shrunk. I suspect that a lot of Bitcoin investors like myself, have removed a proportion of their capital from the exchanges. I think the sense that there is going to be a pressing need to panic buy Bitcoin at some point is subsiding. The complete collapse in the Alt/Coins market is also a strong indicator that we are now on the hangover side of a crypto/craze and we now have a crypto-fatigue, which should bury the vast majority of the Shit-coins, leaving just a small handful standing. Bitcoin, Litecoin, and perhaps a couple of others that I neither know nor care about.

For the record, I don't think that Bitcoin is ever going to transform itself into money for various reasons. Not least of all because the market is already far too cornered which is conducive to pump n dump to eternity schemes until the system can't takes it no more, and the simple truth that it isn't actually backed by anything except it's interchangeability into government backed fiat currencies, which in turn is fuelled almost entirely by speculative demand. Bitcoin 1.0's entire potential will be as a means of quickly transferring wealth around in a way that can by-pass certain financial authorities and also as a store of wealth but only in emergency situations. Bitcoin 2.0 is going to need some kind of commodity or authority backing, which is exactly the sort of digital currency that any libertarian worth their salt is going to detest, but unfortunately that is the nature of money. Money is of the devil and for the devil.

 You must be hurting buying as the price goes down and not understanding what's really going on. Careful or your gonna get caught holding a huge bag. Cut your losses sell and wait.

I'm not a TA junkie but that appears to be broadly the consensus from those that are on these forums (ok, the ones I'd listen to, then), and roughly what I'd expect from looking at the charts and sticking a finger in the wind. Though I'm not so sure low 400s won't be where we end up. We've been on borrowed time too long in the 600s on low low volumes and it's long past time to finish this cycle.
That would 'feel' more right to me, in a totally unscientific way. THEN life might get interesting again.

I noticed that there was a customer moving around a 2K bid order just under spot price sometime last week. So on the strength of his support/manipulation, I bought in at $640. As soon as he took his bid away (without it getting filled), I sold at $637. I did have a series of Bids running down from $590s going down in increments of $10, but pulled most of them as I believed Bitcoin would offer me lots of opportunity to invest at these prices levels if I wanted to. I got some bids filled yesterday at $557 (sold at $575) and again today at $547 (sold at $558). My next bids are in $530's and then $520's. Now, this is the price range I fancied Bitcoin to reach ($534 came to me through layers of fluffy clouds one fine spring morning), but now that we are approaching it, it doesn't seem very bottomy at all, Bitcoin is trending down there much faster than I anticipated it would (this would have been worth shorting and I decided that this market wasn't going to be good for leveraged trading) and I am seeing nothing to suggest that Bitcoin is going to reverse in the lower $500s. If the bottom is to be in the low $500s, then we are going to get plenty opportunity to identify it as being a bottom and get in and out several times whilst we test the water.

I don't know what I think at the moment but applying logic to the charts suggest a test of upper $400 range at the very least.

So Mat, did you decide things were getting interesting again?

What one?

4hr, 6hr, 12hr, 1 day, 1 week?

In the low 500s I might be tempted to buy some more
Not before

WE ARE WAITING FOR YOU TO SELL NOOB

I'm waiting for macd

I decided that Bitcoin was overpriced and going down long before any of those 'rumours' surfaced.

If there is a shortage of suckers buying coins to take the price back up to the level where you bought it at, why don't you go sell your house or your granny or something, and buy coins with the proceeds instead of bursting everyone else's head?

Don't tell me what to do with my hard earned cash u damn bagholder.

You already had one thread deleted, presumably for spamming, and you go and make another?