Anybody else getting nervous about next week?
I don't know whether to sell or buy right now.
Place your bets.... I think we will witness chaos either way.
That is true. If anybody has a leveraged position, he is either going to get bankrupt, or very very rich.
I don't have the stomach to take those kind of risks.
This is what, the 5th constructive day we see a new ATH? Thats a pretty rare event for Bitcoin.
Japan is loading up there country with fresh coins, this might escalate the price much higher.
5th constructive day or 5th consecutive day?
Given the momentum, I am pretty sure we can see many more ATHs in the days to come.
We're at $1752 on Stamp, in the same range we've been at for a week now.
A week is a long time to you ?
Some of us have been watching this for 4 years.
Look at my join date, I've been buying & HODLING since May 2014. These prices are nice but we've seen nothing yet. HODL until about 6 months to a year after the next halving then you'll see fireworks.
The halving is still some time away. We haven't even completed a year after the last halving.
Right now, there seem to be a lot more triggers at play than the supply of bitcoins (block reward halving). In any case, I plan to hold long term as well.
Last year I said that if bitcoin hit $2k I would stand up at work and walk out.
Of course, I just took a job for a friend of mine who I respect so I will give him 6 months.
That is nice. But are you going to cash out and book profits?
6 months down the line, if you want to quit your job, you are betting that Bitcoin does not crash from here.
What was the thing that showed the time of each doubling during the previous bubbles. Would be nice to see where we are in relation to those
Ok, I was overdue to do one of these since we have now convincingly taken out my targetted $3200-3600 range ... next doubling takes us to $6800-7200 region however the timescales are more relatively relaxed since we had that long pregnant pause around forking time, so in ~6 weeks maybe.
But this whole doubling in half the time thing has gotten quite out of whack so I'm not placing much faith in it, more of a watch and see and it might throw up some useful targets. It seems like there maybe something else going on here now, bigger forces are coming into play, maybe a larger scale mega-trend is re-establishing itself. At one point bitcoin price was reliably tenfolding about every 12-18 months and then the Gox blow-off and crash put that on hold and some very determined and deep-pocketed players did their best to stifle/sabotage/bad-mouth/usurp bitcoin for the following 2 years ... maybe we are going to go back the 10-folding growth? With some catching up to the old trend thrown in for good measure. We could be going vertical on the S-curve phase?
Interesting that masterluc has us breaking up above the existing exponential trend into a faster growth trend again.
10 fold growth again? That is crazy. If that happens, all those who sold when Bitcoin touched $2k will jump off a cliff.
The holders will be the real winners in this round.
During a quick climb people hold off on selling because they don't know how high the price will go. When it starts to level out normal trading comes back in and people sell again.
Funny thing is that with all of the crazy price action I locked in a $4k rate with an investment yesterday with someone but was traveling and couldn't get to my cold storage. I had no idea what the price would be when I finally did send the payment. The price was about the same as when we locked it in. I'm glad it returned to that price just in time, mainly because it was likely the first experience with real world spending of bitcoins for a few people and if the price had dropped $500 in that time it would sour them of the whole bitcoin thing and have them forever linking bitcoin to being "too volatile".
That is a lucky break. If you had transferred the bitcoins a couple of hours after you locked in the price (when it had risen to $4150) the people you sold to would have been even more happy. A gain of 4% even before they transferred the money!!
actually I am 95% in btc now, thats why I feel the need to buy some silver tomorrow
maybe a stupid move, maybe not..
going to buy scrap (spoons, forks etc..) for scrap value 0,30 eur / gr. Those can easily be sold if needed for a profit.. I am not touching any silver coins / bars or whatever. Scrap is the way to go in the silver game
95% in BTC!! If I had the stomach to take that kind of risk, I could have retired by now.
Silver isn't a bad hedge to your position. But I don't know why you are allergic to bullion.
It's correction time.
Even if we are correcting, the money seems to be flowing out of Bitcoin and into Bitcoin Cash. The original Bitcoin holders ate not losing much. But if you took a punt and dumped your Bitcoin cash, then you are exposed to more volatility.
I don't believe that number, but IF it's true removing those coins from the market until an auction could pump the price. It took 9 months before they started auctioning the Silk Road coins. They take along time to organize an auction.
The circulating coin supply must be much smaller than the mined coin supply.
Those coins anyway wouldn't have hit the market, if they wouldn't have been seized. They probably would have been safely sitting on his computer and would have been sold in very small quantities, as and when he needed money. So no big difference in price if the feds take their own sweet time to organize an auction and sell those coins.