Thread: RIP Bitcoin

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.

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.

Originally Posted by Plan B

The rollercoaster is ramping up again

'bout fecking time!

Originally Posted by lob

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.

Originally Posted by jabir

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

I've been following this chart:

Originally Posted by Dragonfly

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.

"Head and shoulders", better than mine.

Originally Posted by jabir

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?

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.

Originally Posted by Luigi

Nope, still -40%.

-34.8%

Not posting on this thread til I sees some green

Originally Posted by OhOh

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

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

su su for lulu.

24 hour chart:

Fork Bitcon.

Alts are flying.

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!

Originally Posted by uncle junior

Not posting on this thread til I sees some green

Originally Posted by Farangrakthai

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):

Originally Posted by Plan B

Fork Bitcon.

Originally Posted by AntRobertson

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?

Originally Posted by OhOh

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?

^
I know different worlds and different risk profiles.

^
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.

btc 30 day chart:





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.

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.

^ if you get above water, will you cash out?