Thread: RIP Bitcoin

  1. #6976
    I Amn't In Jail PlanK's Avatar
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    Looks like the traditional Apr - May pump has taken hodl.

    The FOMO will start kicking in soon.
    Hodl on tight. The rollercoaster is ramping up again.

  2. #6977
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    steady rise.. so lu, u were planning to day trade, no opportunities to speak of, so guess that ison hold. so the losses u have are from the first entry.? u never pulled any dosh.

  3. #6978
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by Plan B
    The rollercoaster is ramping up again
    'bout fecking time!

  4. #6979
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    Quote Originally Posted by lob View Post
    steady rise.. so lu, u were planning to day trade, no opportunities to speak of, so guess that ison hold. so the losses u have are from the first entry.? u never pulled any dosh.
    Pulled bits n pieces, nothing major. Liter of Gold Label and nurses here, bottle of Swing and Nubian princess there.

    Same as always, long-term is put away for the rest of the year, and it's... April.


    Have other buys to pull out when it goes up to my sell point.

  5. #6980
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    Quote Originally Posted by jabir View Post
    I was there too, dealt with it, but for some reason it seems to cause you a problem?

    Never mind, you'll get over it, I did.
    doesn't cause me a problem at all, I would have cut my losses long before that

    most losers will usually keep their loss until it reaches -50% or -80% and then sell it all

    you should have sold at -20% and buy back later if needed

  6. #6981
    Thailand Expat OhOh's Avatar
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    Some pretty graphs for those that like them.

    Remember,

    "In mathematics, the Fibonacci numbers are the numbers in the following integer sequence, called the Fibonacci sequence, and characterized by the fact that every number after the first two is the sum of the two preceding ones:[1][2]
    0, 1, 1, 2, 3, 5, 8, 13, 21 ,34, ........


    RIP Bitcoin-bc-13-gain-jpg

    Up 13 % pause, two tests and then up again

    RIP Bitcoin-bc-21-gain-jpg

    Up 21 %, down for a 2 day pause, up again

    RIP Bitcoin-bc-34-gain-jpg

    Up 34 % ? note possible resistance at 270,000
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-bc-13-gain-jpg   RIP Bitcoin-bc-21-gain-jpg   RIP Bitcoin-bc-34-gain-jpg  
    Last edited by OhOh; 20-04-2018 at 01:42 PM.
    A tray full of GOLD is not worth a moment in time.

  7. #6982
    Thailand Expat AntRobertson's Avatar
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    I've been following this chart:


  8. #6983
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Dragonfly View Post
    doesn't cause me a problem at all, I would have cut my losses long before that

    most losers will usually keep their loss until it reaches -50% or -80% and then sell it all

    you should have sold at -20% and buy back later if needed
    Sure, everyone knows you would have done something else; only, my dive to -80% happened not from trading but a loss of several BTC during my recent absence. Aside from that mother lode, my portfolio consisted of forks and tokens and other junk acquired over the months, and my dream of -50% was relative to the recurring nightmare of a sudden -80%.

    However, and though it may displease you, most of those BTC were later recovered leaving me still in the red with the rest not yet written off.

    But thanks for your valuable advice, I shall keep it for future reference though I normally bail out at -10% and 15% tops which is short of your preferred figure and now subject to revision.

  9. #6984
    Thailand Expat OhOh's Avatar
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    "Head and shoulders", better than mine.

    Quote Originally Posted by jabir View Post
    but a loss of several BTC
    How did you lose and then recover them? Are they the same ones ie. do BTC have serial numbers ..... that confirm they are the originals?

  10. #6985
    Thailand Expat jabir's Avatar
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    Long story, 'lost' as in I had them then wasn't happy when I didn't, then mostly did, and yes they are the same ones.

    Not sure but would put money on every coin being identifiable, otherwise anyone could produce duff coins. Each must have a unique number at birth, and when a fork occurs they announce a specific block (eg. fork height 4936270 for ETZ, estimated block time: Jan 19th 2018 GMT 19:00-21:00). Taking it to the next level, end of world scenario, every transaction must be traceable back to the coin's miner with date, time and a complete history of each of its 100 million parts.

  11. #6986
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    Quote Originally Posted by Luigi View Post
    Nope, still -40%.
    -34.8%



  12. #6987
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    Not posting on this thread til I sees some green

  13. #6988
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    Quote Originally Posted by OhOh View Post
    Some pretty graphs for those that like them.
    yep, though agree with rick: still too early to call this the end of the bear market.

    needs to break above the downward trend line at 8500 (won't be easy) and then 12,000 (almost impossible without new buyers coming in who aren't afraid to be burned):



    https://www.coindesk.com/bitcoin-res...cing-breakout/


    • A daily close (as per UTC) above $8,460 would open up upside towards $9,000-$9,177 (March 21 high).
    • A move below $7,823 would indicate the rally from the April. 1 low of $6,425 has ended and could yield a sell-off to $7,200-$7,000.
    long term bulls and bears:

    bull:
    Bitcoin's price in a decade $100,000 much more likely than $100

    The Bitcoin bull market last year, especially in the fourth quarter, was mainly triggered by irrational retail investors according to some experts, as mentioned above.

    A lot of predictions about the price of Bitcoin in the short-term are not very optimistic by now, mainly because professional investors can now short Bitcoin for the first time after the futures market launch by CME and CBOE last December as was pointed out in prediction 3.

    However, institutional investors and big corporations could be interested in the underlying technology and would be ready to start investing once the scaling, interoperability and other technological limitations of Bitcoin and DLT are solved.

    bear:

    https://cointelegraph.com/news/bitco...st-predictions

    Prediction 2: A decade from now Bitcoin is more likely to be worth $100 than $100,000

    Kenneth Rogoff, a Harvard economist has predicted that due to the volatility of Bitcoin’s price and the small number of use cases such money laundering and tax evasion mainly in his opinion, Bitcoin is more likely to be worth $100 in a decade than $100,000.

    A popular cryptocurrency blogger predicted in a recent article that Bitcoin’s price will follow a downward trend based on the assumption that gold and silver prices have been suppressed for the last seven years, similar to other commodities after the futures market launch.
    silver chart:

    https://www.xe.com/currencycharts/?f...o=USD&view=10Y

    RIP Bitcoin-screenshot-www-xe-com-2018-04-a
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-screenshot-www-xe-com-2018-04-a  

  14. #6989
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    at the moment btc is making a strong effort to break the longterm downward trend line.

    su su for lulu.

    24 hour chart:

    RIP Bitcoin-s__5636100-jpg
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-s__5636100-jpg  

  15. #6990
    I Amn't In Jail PlanK's Avatar
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    Fork Bitcon.

    Alts are flying.

  16. #6991
    Thailand Expat AntRobertson's Avatar
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    This keeps up I might have to start thinking about setting me some sell orders.

    Need more funds for my other latest can't-miss/lose-investment!


  17. #6992
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by uncle junior View Post
    Not posting on this thread til I sees some green
    Quote Originally Posted by Farangrakthai View Post
    yep, though agree with rick: still too early to call this the end of the bear market.

    needs to break above the downward trend line at 8500 (won't be easy) and then 12,000 (almost impossible without new buyers coming in who aren't afraid to be burned):
    Quote Originally Posted by Plan B View Post
    Fork Bitcon.
    Quote Originally Posted by AntRobertson View Post
    This keeps up I might have to start thinking about setting me some sell orders.
    BTC UP 25% in 8 days in THB.

    What are you all waiting for? Ah, your all waiting for another top to form, I get it?

  18. #6993
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    Quote Originally Posted by OhOh View Post
    BTC UP 25% in 8 days in THB.

    What are you all waiting for? Ah, your all waiting for another top to form, I get it?
    all of the posters you quoted except you and me have money in the crypto market.

    ohoh, are you thinking about getting back in the market?

  19. #6994
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by OhOh View Post
    The bottoms in, up, up and away, maybe.
    Post 6917 12/4/18

    The "downward trend line" broke that day.

    RIP Bitcoin-btc-trend-break-jpg


    If your waiting for this "trend" line you'll lose another 54% "profit". Presuming you didn't buy at 600,000 THB, that is.

    RIP Bitcoin-btc-trend-break-pussys-jpg
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-btc-trend-break-jpg   RIP Bitcoin-btc-trend-break-pussys-jpg  
    Last edited by OhOh; 20-04-2018 at 11:21 PM.

  20. #6995
    I Amn't In Jail PlanK's Avatar
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    Quote Originally Posted by OhOh View Post
    BTC UP 25% in 8 days in THB.

    What are you all waiting for? Ah, your all waiting for another top to form, I get it?

    Pfffft. If it's not 30,000% it's just a small pump.



    But seriously for people not in crypto the technology and adoption of this stuff is still minor compared to how it's envisioned to work. Global reserve currency is the ultimate end-game. If it falls short and becomes the enabler of the IOV then so be it. I'm in for the ground-breaking tech as much as the money and I'd like to see it change the world as much as I'd like to see the price moon and own a different colour Lambo for every day of the week.
    Some people think it don't, but it be.

  21. #6996
    Thailand Expat OhOh's Avatar
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    ^
    I know different worlds and different risk profiles.

  22. #6997
    I Amn't In Jail PlanK's Avatar
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    ^
    Yep.

    A friend of mine told me it's not a very good retirement plan. I told him it's not a retirement plan, I already have a retirement fund. It's a retire early plan.

  23. #6998
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    btc 30 day chart:


    RIP Bitcoin-screenshot-www-coingecko-com-2018-04-a


    btc looking strong as it's finally in positive territory on the 30 day chart (up 1.2%):

    2 month chart (down 23%) and 4 month chart (down 55% from the all time high).

    btc will need to rise 122% to get back to the all time high of 19,665.

    the bears and bulls will be fighting it out and for this to turn from a bear market to a bull market, btc will need to break above 12,000, apparently.

    RIP Bitcoin-s__5660674-jpg
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-screenshot-www-coingecko-com-2018-04-a   RIP Bitcoin-s__5660674-jpg  

  24. #6999
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    At the risk of putting the kiss of death on things, fuck it's been a good week!. I'm still in the red but not by much now, ballpark 17% which is a whole lot better than the 60% I was down about 10 days ago!. My major holding is BCH which is up 110% in the last 7 days, but my other coins are all doing ok too (BTC XRP ETH OMG LTC). Anyway folks, fingers crossed for all of us that the good run continues and those of us in the red get back into the black soon.

  25. #7000
    Thailand Expat raycarey's Avatar
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    ^ if you get above water, will you cash out?

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