Wall Observer

[adamstgbit]

when bitcoin bubbles, everyone buys the hype without thinking then as it crashes poeple look at what they are holding and think " oh whatever this is digital gold if it goes down more i'll just BUY MORE!!! "

with ETH, everyone buys the hype without thinking then as it crashes poeple look at what they are holding and think " WTF do you mean the supply rate once POS starts is unknown?? WTF do you mean it doesn't scale, I was told there was no blocksize limit on ether"

when this thing crashes it will be really spectacular...

 

[yrral86]

Too bad shorting is not available yet on Bitfinex.

 

[adamstgbit]

I kind of wing these kinds of allocation matters a bit, and in these price ranges (and due to the overall costs of my BTC portfolio), I have been aiming for 95% BTC and 5% fiat... however, I still have not quite recovered from the move down to $382, therefore I'm still about 96.3% BTC... so up would be good for me in order to shed a few BTC to get to the 95% arena.

Nonetheless, at the moment, I don't really have a problem if prices were to go down into the upper $300s territory and I end up in the 98% BTC territory (even though I personally prefer up).... .

I bet you spend alot more $$ on Bitcoin then you thought you would have, hang in there...

 

[yefi]

I'm a grown man who wants to talk shit without some pimple-faced 20 year old deleting my posts. If that means I have to fap to gay old geezer pr0n and laught at JJGs incomprehensible jokes (not sure if they're supposed to be jokes though), then so be it.

Man, who's deleting the posts there? I had the following of mine removed: "When I come to this forum and see every other post mention ETH, it indicates to me that the fruit has fully ripened."

No doubt shop windows would've been broken and cars upturned had the BCT mods not saved the world from my incendiary words...

 

[blackspidy]

Too bad shorting is not available yet on Bitfinex.

Man, I was really hoping to short on bitfinex. Well, looks like I need to register on poloniex again.

 

[JayJuanGee]

I bet you spend alot more $$ on Bitcoin then you thought you would have, hang in there...

Yep, Bitcoin has been quite the speculation for me and probably many others, too.


Initially, in 11/2013, I thought that my dollar cost averaging frontloading of my BTC investment would mostly occur in the first year through 2014, but really no one knew where prices were going to go (except in retrospect, there are a lot of smartie pants’s).


I cannot say for sure, but I may have invested about 20% more into BTC than I had anticipated under another set of dollar cost averaging (or price appreciation) circumstances…..


Accordingly, the first half of 2015 was a difficult period for a lot of people in a similar boat… and I feel lucky to have been able to HODL.. and still have some cashflow to continue my dollar cost averaging into BTC during that period. I also feel fortunate by the late 2015 price appreciation, even though my BTC trading plan was less mature than it is now.


Currently, I do think that my BTC portfolio is in a fairly decent position, yet it remains a bit more stressful for my portfolio to be in the negative than it would be to be in the positive territory…. Getting closer and closer, though…


By the way, selling any BTC at a price of less than the average costs per BTC causes the average cost per BTC to increase (until BTC are bought back at a lower cost, that is if they are bought back).

 

[adamstgbit]

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[Paashaas]

The price is going side-line between $380 -$420, untill SegWit realease. Segwit + halving can shoot the price to $1000 ore above. Than Bitcoin beats goldprice and shoots up to $2000+ after the peak it moves to a lowest low to $1200.

 

[adamstgbit]

segwit is one of those price will build UP until it's released and then we correct, and same goes for the halving IMO...

but i think all this is irrelevant , when you think about the build up of money on the sidelines, there's so much ... anxiety? ... coming from the bitcoin space the past few years, i think poeple are sacred to put serious money into it.

the way i see it, we go up slowly. nice pump to 550 dump 420 for segwit, nice pump to 750 dump to 590 for halving, and then 3 months of things running smoothly and the floodgates open and KA-Fucking-BoOM!!!!!!!!!!!!!!! 32,000$

 

[solex]

Bitcoin beats goldprice and shoots up to $2000+ after the peak it moves to a lowest low to $1200.

That was how it would have happened if the coreblockers had supported Gavin when he proposed BIP101 a year back. Now, after all this bloodletting, and still unresolved, 2MB+halving might see a peak of $1200 and settle at $600.

 

[JayJuanGee]

The price is going side-line between $380 -$420, untill SegWit realease. Segwit + halving can shoot the price to $1000 ore above. Than Bitcoin beats goldprice and shoots up to $2000+ after the peak it moves to a lowest low to $1200.

I certainly do not know for sure, but it seems that in a large number of scenarios, BTC prices do not get close to the $1,000 arena without shooting at least 40% past the previous ATH.

Actually, once price gets into the $800 to $850 range, it is going to become much more likely that we are getting into the upward momentum and shooting past the previous ATH arena with a likely play out into the $3 to $5k range.

 

[adamstgbit]

If we can't break above 420 soon we might see some really cheap coins, probably <390.
I was hoping to get chance to go back to ALL IN before segwit, kinda hoping this is it.

thats off the table...
new chart.

ya i guess i'm fucked( not gonna get to buy back cheaper ... )

 

[79b79aa8]

so to turn off the email notifications, in case you have not figured it out . . . click the 'More options' button instead of the 'Post Reply'. At the bottom of the screen uncheck 'Watch this thread', which unchecks 'and receive email notifications'.

then you can Reply to Thread.

 

[adamstgbit]

i'm only checking off "and receive email notifications" check box
i hope this does the trick.

 

[blackspidy]

I think we'll be correcting the halving hype before the halving. By the time of the event itself, we'll be sliding kind of sideways.
I too am unchecking the email box.

 

[molecular]

The price is going side-line between $380 -$420, untill SegWit realease. Segwit + halving can shoot the price to $1000 ore above. Than Bitcoin beats goldprice and shoots up to $2000+ after the peak it moves to a lowest low to $1200.

I rather have a feeling segwit could be very bad for bitcoin.

 

[cbeast]

Monero is too simple, which is okay for simple exchanges, but contracts are important for business use cases. Ethereum is a trainwreck waiting to happen. Script kiddies stealing money with back-doored code. There will be ASICs, and this time they won't be available to the public. If it goes PoS, then hotwallets will be Goxxed faster than you can say Vitalik Buterin.

 

[Fatman3002]

@cbeast

There's definitely a lot of risk with their approach, which makes the current price surge a bit surprising. It's not proven tech, but it's got more potential than anything else besides Bitcoin if they succeed.

 

[Kurious]

Monero is too simple?

It's blockchain-based but based on Cryptonote technology, so unlike Bitcoin, it's private - it also has no scaling issues. Privacy and fungibility are very desirable features when BTC has a transparent blockchain.

I am not seeking to promote it, this is after all a place to discuss BTC - but maybe read up a little? In my eyes it is well-designed, but 'simple' is not a word I would attach to it!

It is certainly way more complete than ETH and unlike many coins has no 'pre-mine' to give a nasty taste. Yes, I am a hodler - but read up a little, you might be surprised.

David Latapie's thoughts:

https://forum.getmonero.org/1/news-announcements-and-editorials/209/editorial-what-s-so-special-about-monero

 

[spiderbrain]

What are people's thoughts on the trading dynamic for the halving?

There may be some of the move priced in, but there is also the end of the 2 year down trend, which was obviously going to overshoot and then spring back once the end of the trend was established. I think that was most of the run to 500.

If we hadn't exposed our failed governance model with this block size civil war then we might have had a big pump waiting for us around the halving. As it is now, I suspect it will mostly depend upon whether the whole bitcoin community manages to come together again and stop acting like arrogant school boys.

Any guesses on how likely that is?