Place your bets. I reckon its about to surge, especially if it hits $10k
ps, Bitcoin being used for speculative investment is a joke. The principle of Bitcoin is great, but the underlying technology is crude. My prediction is unless it increases speed of transaction, it will be eventually be overtaken by another coin.
While Bitcoin is being used for real payments, it is mostly being used by manipulatively traders.
Not to say bulls and bears don't manipulate other markets, and the SEC does jack shit because it doesnt affect their power. But it is far worse with Bitcoin.
It’s all BS
But I am on coin base
I’m thinking about converting my litecoin to XRP. If i do that and XRP surges I’ll have a good day
Quote from: Steve on Jun 20, 09:12 PM 2019
While Bitcoin is being used for real payments, it is mostly being used by manipulatively traders.
I thought cryptos could not be manipulated (at least on the downside) since there are no futures related to them and that supplies are limited?!? You can't really dump billions worth of cryptos in a few minutes unless you own them from the start. Unlike fiat-based financial products.
People's mind can be manipulated with fear or greed, though. Nevertheless, BTC'S last few weeks run probably was caused by a flight to safety by major investors, may they be institutional, private or, who knows, governmental...
Anyway, as a goldbug, I go along this pitch sale: If you don't touch it you don't own it. Watch gold's epic run since late May, watch it as I write this, breaking multi-year peaks as if it was butter. Watch it go higher than it did in 2011.
Gold's return to its fundamental value was offset by a few years amid the sudden interest in cryptos and the expected cash inflow into them. Now gold is at it again, along with cryptos. Don't blame fear: it has nothing to do with false-flag tanker explosion or rumors of trade wars. It's just an expanding mistrust in markets, with money flowing out towards these safe havens.
I believe gold will win in the long run, being there for a few thousand years, but it's a wealth preservation tool. Cryptos are trading tools. I might consider getting some only if the ''critical mass'' of possible usages gets reached, and it would be for buying/selling purposes. No speculation, no investment. And it would be the major ones, not this pseudo-currency Libra Facebook is trying to launch....
Look at this: stated writing this message, gold was below 1400US$, now it's at 1410$, rising by the minute... something big is going on in the world, major changes... watch China.
I might short the market for the next few weeks: put options are easy to buy...
******
Bref: I buy land and gold, I'll let the others play with their electronic money.
RG, why would litecoin be a good investment? It's just another useless coin.
XRP may be superior, but it is in bed with the banks and governments, which goes against what cryptos stand for. It is shunned by the crypto community. I suspect the same will happen with Facebook's new "Libra" coin. It doesn't mean Libra wont be successful though, but it goes completely against what Bitcoin aimed to achieve. Facebook calling it a cryptocurrency, and "freedom coin" is bullshit. It's just a money grab. They see the opportunity to make billions, or more.
There is a flood of shitcoins. Like when Bitcoin forked, the creators made money from nothing, because people jumped on the bandwagon.
If you are going to invest, consider what makes a coin valuable. Does it have real case uses? Is it competitive? Is someone going to copy the source code and make an even better version? What is going to drive prices up? (adoption and demand) Why would it achieve mass adoption if the price is so volatile?
Quote from: Bigbroben on Jun 20, 10:13 PM 2019I believe gold will win in the long run, being there for a few thousand years, but it's a wealth preservation tool.
Gold has useful physical properties. But I've always been dubious of gold as an investment. It is just a metal. Mostly what gives it value is perception. And if that perception isnt there, it's mostly worthless to average people.
I believe the best investment is and always be LAND.
It doesnt mean it will give the highest returns. The population is increasing. There is guaranteed scarcity.
Fiat currencies in my view are the biggest bubble of all. They are just paper and numbers. The only thing giving it value is perception and acceptance. And when that changes, it's worthless. Consider Venezuela. It isnt the first and wont be the last time a government currency becomes worthless.
Gold may hold its value well, at least historically. But still I think its value is over-inflated. You cant eat gold. But you can produce food from land, so it will always be a more valuable resource.
Quote from: Steve on Jun 20, 09:06 PM 2019
Place your bets. I reckon its about to surge, especially if it hits $10k
I got my bitcoin demo account couple of months ago, i didn´t believe in the market, i saw a negative trend (then),...but now? in 3 months the value has doubled. I believe in the *long run* it will increase value,...and my plans now is put all my money at link:s://primexbt.com (link:s://primexbt.com) (buy option, bitcoins) ...wish me luck! O0
My call:
this swing is overextended. I expect it to stop at 10k, maybe 12k. I'd wait and enter after a pull back to 6500-7000, which it might reach if it slides down below 8000. If it went beyond 12000 after this pullback, I'd expect it to go to 15-20k, then logarithmic rises to 50k and 100k overtime. In any case, pullback or not, if it reaches a new high past 19500, it's good to go higher.
But gold and land are safer. !
Holy shit Ignatus, dont buy cryptocurrencies on margin. It's like the martingale from hell. You could win big, or go broke.
And when you buy on margin, the platform can screw you over and lock you in a trade. So when you go to sell, it wont let you until certain conditions are met. Then you have to just watch your balance, plus more, die.
I think he meant buying options, not buying on margin. Options are a good way of speculating big time, but you ought to be ready to lose all your chips if being wrong. If I'd have the choice of speculating BTC by buying BTCs or options, it would be options. It's fully assuming the speculation aspect, not investing.
Quote from: Steve on Jun 21, 12:13 AM 2019
Holy shit Ignatus, dont buy cryptocurrencies on margin. It's like the martingale from hell. You could win big, or go broke.
And when you buy on margin, the platform can screw you over and lock you in a trade. So when you go to sell, it wont let you until certain conditions are met. Then you have to just watch your balance, plus more, die.
ok what you suggest then if one want to invest in Bitcoins? I plan to keep it for long term etc, ..
I wouldn't personally invest in bitcoin. I think it's only as big as it is because it's the first cryptocurrency, and is usually purchased as a gateway to purchase other coins. So i expect at some point, people will wake up to it being a bubble. It has too many problems that need to be fixed before it have long term value, in my opinion. For now bitcoin may be a good investment, but that could change suddenly.
Remember I'm not an investment adviser. I have my own trading bot. I hold some coins for long term (based on fundamentals such as the underlying technology and its viability), and trade others short-term. If you are holding long-term, get to know the technology, its uses and where it is probably headed. Make sure the company is actively developing. There are tonnes of shitcoins that will eventually be worthless. So if you are holding long-term, I suggest buy coins that are undervalued. Not just one, but a few of the leading companies that many people dont even know about.
Quote from: Steve on Jun 20, 09:06 PM 2019
Place your bets. I reckon its about to surge, especially if it hits $10k
I bought xrp, etherium and doggy coin just to say I have a million. I think etherium has a good chance of winning in the end. Watching closely what the banks will use mostly for transactions, especially if they link it to credit cards. Probably the big hold up is that they want to track and tax the transactions.
Quote from: FreeRoulette on Jun 21, 01:08 AM 2019doggy coin just to say I have a million
I did that with cardano, tron and bittorrent. It's like a highscore thing. Cardano is a good but but despite the developer activity, they are much slower than they should be. I think Tron is crap, but I bought it because Justin Sun is an aggressive marketer, and that will affect the price.
Ethereum might be good, if they can solve the scalability issues. It is already well-adopted.
Quote from: Steve on Jun 21, 01:04 AM 2019There are tonnes of shitcoins that will eventually be worthless.
Oh I know that too well. I have about 20 different altcoins, put years of savings into them and my loss is well over 90%. I haven't sold anything, but I have written off everything. I don't care about them anymore.
The funny things is, if I only bought bitcoin, I would probably in profit by now.
Quote from: Steve on Jun 21, 01:36 AM 2019
I did that with cardano, tron and bittorrent. It's like a highscore thing. Cardano is a good but but despite the developer activity, they are much slower than they should be. I think Tron is crap, but I bought it because Justin Sun is an aggressive marketer, and that will affect the price.
When it costs like $100 for a million. I'm like, screw it, I'll buy it and see what happens later. Probably have a better chance than the lotto. Bought pot stock, alt coins, oil mines, even have some crypto kitties. Probably lose money, but still fun like scratching a lotto ticket.
Well Bitcoin easily broke through $10,000 and is currently $10,910. I think it will go even further, then when it slows for a bit or consolidates, the pump will lead to altcoins.
Impressive!
In a ''Buy low / sell high'' strategy, I'd prefer having missed this train than entering late an risking losing 20+%. Or buy put options at 9k$ Expiry September, if it exists...
Gold breaking out... expecting to reach 1600-1800$ in the next week/months.
(link:://:.pichost.org/images/2019/06/22/source4e647.png) (link:://:.pichost.org/image/l8X37)
Bitcoin nearly at $12,000. Probably will be in minutes. Again I expect the altcoins to pump soon too, probably mostly when the bitcoin rally settles because btc is used to buy the altcoins.
Quote from: Bigbroben on Jun 21, 12:06 AM 2019
My call:
this swing is overextended. I expect it to stop at 10k, maybe 12k. I'd wait and enter after a pull back to 6500-7000, which it might reach if it slides down below 8000. If it went beyond 12000 after this pullback, I'd expect it to go to 15-20k, then logarithmic rises to 50k and 100k overtime. In any case, pullback or not, if it reaches a new high past 19500, it's good to go higher.
I hold my call so far. If I could, I'd buy 1-month expiry puts once it sees a day in red territory. Play for a 25% retreat ( around 9k), but only when it stops climbing, not while it is.
Steve: okay, the other coins are dragged by BTC and the majors. This is temporary in my opinion. The whole purpose of a crypto is to be tradeable all over the planet. I believe in the end there is going to be only one winning crypto for global trade, and BTC is way ahead. Once it is recognized as currency by most users/govt/banks/business, the others will be left behind. Every country/company uses (used) USDs for trade, for a few decades. It's the common ground for commerce.
One of the cryptos will do the same. Give it a few years.
I dont think there will be one coin to rule them all. Sure there will be dominant coins.
But the Bitcoin model has too many problems. The price is unstable, transactions too slow, and it cant scale. And what would happen if someone used a quantum computer in the network? It could be completely screwed by one person.
Not only that, Bitcoin isnt decentralized like people think. The miners have control. They are the new banks.
So either huge parts need to change, or Bitcoin will die off. Maybe not completely because of its name, but I expect another coin will take its place as king.
And Facebook's Libra will be shunned by too many people because of privacy issues, and they don't want to give more power to Facebook.
.. ok so i check a bit later, and btc is well past $12k. Everyone has gone mad. It isnt worth this much. Bitcoin is mostly being used by whales to manipulate the price and scam naive people.
Just got up 3% in an hour... Time to sell? At least, too late to hop in the train, even if FOMO...
I think it will keep going. The bulls want everyone to look at the all-time high, and think Bitcoin is the savior of the global financial system. It will have ups and downs until then. Those aren't so predictable because they depend on what some whale thinks and does at the time.
Again Bitcoin is not a good model. It's more a toy for the whales to manipulate smaller traders.
Sell or hold? I reckon hold for probably another year, or at least around the all time high. But I will bet my balls Bitcoin wont last unless the whole structure of it changes. It is definitely headed for disaster if major things dont change. And when that happens and people understand, the price will drop like a rock.
so, who's been buying Bitcoin in the last couple of weeks? Small guys or big guys? And who's pumping it as we speak? Asian users? Is the rise only because of real buys or is it manipulated?
The big guys have been buying it for some time. Is because they know the market will become bullish, and they'll all pump and manipulate the price. It's a cycle that has repeated since the stock market began.
If you buy now, you'll probably profit. But overall you missed the boat.
Dont think about what most people might be thinking. Think about what the ones in power are likely to do. Because they are the ones who move the price more than anyone.
This whole bull run started from a series of bull-buys. Then other bulls join in. Then the bears say f*ck, we're accumulated enough, everyone is turning bull now. Let's join in. Then we get a parabolic curve.
The average investors join in, expecting they're going to make a fortune.
Until enough of the bulls decide it's time to crash the price. When they do that, other whales join in. And the poor average investor doesn't know what happened.
Bitcoin is good in principle, but it has serious problems even if just used as a payment system. And mostly it is just used for whales to manipulate smaller traders.
A few months ago when bitcoin was $4,000 I almost bought a few. But I was too scared
Today I want to cry
I do have a bunch of lite coins and I do have a bunch of xrp
If xrp takes off that will be pleasant.
Xrp is part of the establishment. It is rightfully shunned.
I have a demo-bitcoins account and the day before yesterday i bought the MAXiumum amount of BUY of the 4 Most profitable bitcoins... so, today the chart dropped (see chart) but STill im +16 bitcoins, that would be about +200 000 USD :xd:
I believe the chart will rise again... we´ll see! O0
Quote from: Steve on Jun 26, 06:34 PM 2019
Xrp is part of the establishment. It is rightfully shunned.
They can shun it all they want
If it hits a few dollars I’ll be happy lol
12800, almost 1000pts down from todays high. Profit taking? Might go down thursday and friday to 10k...
You can't have up forever. In any bull run, there are always consolidation periods. Im betting it will settle for a bit, then continue soon. Probably 1 to 3 days.
Quote from: Bigbroben on Jun 26, 09:39 PM 2019
12800, almost 1000pts down from todays high. Profit taking? Might go down thursday and friday to 10k...
Getting there.
I'd be surprised to see another bull run next week, at least as pronounced as this one.
This looks scary:
30 DAY
(link:://:.pichost.org/images/2019/06/27/source.png) (link:://:.pichost.org/image/lzMeL)
But then go back a bit to put it into perspective:
6 MONTHS
(link:://:.pichost.org/images/2019/06/27/source0d482.png) (link:://:.pichost.org/image/lzYio)
What some see as a disaster, others see the bigger picture and understand natural progression.
This is where the bulls pull back, and turn to bears. Then they short with leverage. The "weak hands" (small investors) poo themselves and sell. The whales buy back at a discount. They keep trying to push the price back as low as possible to buy more.
Then before you know it, the price heads back up again.
It is major manipulation. It happens in stocks every day, but bitcoin is even worse. The SEC does nothing. The SEC doesn't exist to protect you and your money. They exist to protect much bigger interests, which arent yours.
Ten baggers.
Those who bought at 1000, they've got their 10-fold profit. Those who bought at a hundred they must be millionaires by now unless they sold earlier. Let alone those who bought below 10 bucks...
Will BTC or other cryptos do another tenbagger? Might take a while.
By the way: what's bitcoin market value? How many bitcoins are out there? Is it a billion worth, a trillion? Do you know?
I have some penny stocks going towards a 10fold rise.
Bitcoin is like a microcap stock so the price moves quickly. I dont think btc is worth anywhere near the current price. It should be more like $300. You can see basic stats at link:s://:.worldcoinindex.com
I think the price is still going to drop more before it resumes an uptrend. Maybe around $9000. It it gets to that then the trend will probably reverse, and we'll get strong buying again. What's pushing prices back down is both large and medium investors trying to push it down in a massive collective fraud. Then they'll buy it all back plus more.
The SEC doesnt charge people with this massive manipulation because they dont have the resources, it would be very hard to prosecute even one person for it, and it doesnt harm their interests anyway. So they let it happen, every day.
Already bulls are trying to push the price back up. Looks like a combination of bulls and normal investors just trying to buy low. See circled areas.
(link:://:.pichost.org/images/2019/06/27/source45ff4.png) (link:://:.pichost.org/image/lzBt5)
If the bears are done, they'll switch to bulls/buyers and the uptrend resumes. But I'm not sure that will happen this early. If the price goes much higher it will. The gaps between bull attempts are getting smaller.
The guy that did the massive sell in red circle may be responsible for some of the smaller buys, and soon a larger buy in the green area. So these whales can crash the price, then build it back up. It's basically like stealing, and it's possible because they have so much money they can control market direction.
(link:://:.pichost.org/images/2019/06/27/source0fcdd.png) (link:://:.pichost.org/image/lzL4x)
At any time he or another whale may decide to dump more, to make people scared and sell off. What they do depends on what they think would have the biggest impact, either to make people greedy (buy) or scared (sell).
Also they will have margin trading accounts, so they can move the price a bit with say $50m, but make 50x gains with margin trading. It's as clear as fraud gets. And it happens every day.
Below 10k. Will touch 8500?
It probably wont be far off. There were some heavy dumps, but it's only a matter of time before the same people switch to buy. Longer-term though there's a clear uptrend.
If the history is reliable to go on, there will be another parabolic run UP soon, which should be even bigger than the end of 2017. If it does happen, it is mostly manipulation again. Bitcoin is way over-priced. I'm expecting there will continue to be huge pumps and dumps for some time to come. It's actually quite sad to see. People are blinded by greed and oblivious to the manipulation. It is not a currency. It's more a trader's tool.
Question is: how much money would need to be poured in for the price to reach 18000 again? What's the market depth? With more and more people playing the game, volume will need to be higher to breach it.
In the meantime, gold has finished its retreat and is flirting again with last week's highs... if it goes above 1450, it's headed to the historic summit of 1900.
Lower volumes make the price much easier to move. So when big traders see low volume and a suitable price chart, the price will change rapidly (up or down). The direction more depends on the what the trend looks like, and what gives whales the best options.
Mmhhh, will rise to 14000?
(link:://:.pichost.org/images/2019/07/09/sourcef37e9.png) (link:://:.pichost.org/image/wYKmi)
I sold mine last week so it will probably hit $50,000 in the next two days... :P
Yeah it'll reach $14k, although it may have the typical correction along the way.
Whats the point of ''owning'' cryptos if there is nothing tangible left once the system crashes, Steve?
Choose your coins wisely. Dont buy a shitcoin.
They're all vulnerable. It's non tangible assets.
Some are less worse...
For money you can afford to lose.
What do you think cash is?
Good point. Cash is based on confidence. Nowadays cash is monetized debt, so third party risk. Real money is based on what the central banks have been accumulating in the last years...
Safest is land. You cant create it= limited supply. And it gives dividend if you use it the right way.
What will happen when enough people understand how money is created, how it makes slaves of us, to benefit bankers? What happens when enough people understand it is all just debt?
link:://theconversation.com/what-caused-hyperinflation-in-venezuela-a-rare-blend-of-public-ineptitude-and-private-enterprise-102483
It has happened before, numerous times. And will happen again with other fiat currencies.
Having said that, I dont think Bitcoin is the answer. The miners are the new banks, and it's too slow.
I believe cryptocurrencies are the answer, but it is all still very new and unstable.
Bitcoin is in freefall, for now. It is probably a reaction to Trump's comments and government regulation. I bet my balls it will go back up again. But also that Bitcoin probably wont be the dominant crypto eventually, unless it has some major changes.
Not hard to tell after something happen. Tell before. Its not hard to predict one hot number will replace another. But to tell which one ,is the superior ability of a big ball holder.
Quote from: Madi on Jul 18, 06:40 PM 2019Its not hard to predict one hot number will replace another
Right, it's easy. Because it's basic statistics. It's like saying you predict about half red and black. But that knowledge is useless.
Quote from: Madi on Jul 18, 06:40 PM 2019But to tell which one ,is the superior ability of a big ball holder.
So you have big balls? Or you are holding big balls? Or you won so many balls from people losing their bets involving balls? I still have my balls.
... and the word of the day is, balls.
Quote from: Steve on Jul 16, 10:52 PM 2019
I bet my balls it will go back up again. But also that Bitcoin probably wont be the dominant crypto eventually, unless it has some major changes.
People dont eat this now a days. Be specific
You r far behind and your ball feel like fish egg😲😲
Team up with broken wheel master and play in kitchen. Till then dont talk . U r still a baby
Madi, McAfee's prediction is outrageous. My prediction is BTC will at least pass previous highs. Beyond that, I dont know. But I dont expect it will go much higher before eventually crashing, then more rollercoaster rides, but gradually it will become less volatile as adoption and acceptance grows. I expect there will be numerous dominant coins, but most will die off.
Quote from: Madi on Jul 18, 07:13 PM 2019Team up with broken wheel master and play in kitchen. Till then dont talk . U r still a baby
Are you feeling ok today?
Leave it at: I never play. I know nothing. You are an expert. Your systems all work.
Well, what happened since July?
Bitcoin: from 10638$ to 7233$ -32%
Gold: from 1428$ to 1518$ +6%
Be safe and be well.
Bitcoin price is heavily manipulated and goes through cycles. It will pump again eventually.
What I find incredible is that after 3 years the same people on youtube telling the same things week after week. Like how the market is still bullish, and this line crossed that line so it's a sign for a major price surge, and Bitcoin will likely to reach new high in October.....then in November....then in December.. and it goes on for years.
They are like us, system players >:D
I still check the prices every day, although I don't really care as I exchanged to fiat currency most of the tiny amounts I had left. I have currencies that I can't even sell, because there are zero buyers and in some cases the value dropped 99.9%
Quite a hit for cryptos today... -25%!
Gold is up...
Quote from: Bigbroben on Mar 12, 07:58 AM 2020Quite a hit for cryptos today... -25%!
Yes...but? if you want to trade on the stockmarket, anyhow, you should learn to make profits either the chart goes Up or Down. Learn Hedging.... best method.
Meh, im hodling.
Part of its panic, part of it is manipulation so coins can be purchased for a bargain. Wall st bankers did that with news manipulation during one of the world wars, cant recall which one. Its a cycle.
If you have good picks with good fundamentals, i dont doubt the current drops are pretty meaningless. The future of cryptos will be stable prices anyway.
Just look at history like previous gfc. People that panic sold lost. People that held usually made back loses amd more.
It's only painful to hold if you heavily rely on it. If you can, waiting even years might be a good option. Im sure some cryptos will boom, most will die.
Quote from: Steve on Mar 12, 09:48 AM 2020
Meh, im hodling.
Part of its panic, part of it is manipulation so coins can be purchased for a bargain. Wall st bankers did that with news manipulation during one of the world wars, cant recall which one. Its a cycle.
If you have good picks with good fundamentals, i dont doubt the current drops are pretty meaningless. The future of cryptos will be stable prices anyway.
Just look at history like previous gfc. People that panic sold lost. People that held usually made back loses amd more.
It's only painful to hold if you heavily rely on it. If you can, waiting even years might be a good option. Im sure some cryptos will boom, most will die.
Only Bitcoin has the potential to "boom" and survive.Holding is the key with money that doesnt hurts you.Can you make short term Profit with eth,ripple etc compared to Bitcoin!? Ofc you can but in long term only Bitcoin will have a real affect and use in real everyday Economy.
Quote from: Steve on Mar 12, 09:48 AM 2020
If you have good picks with good fundamentals
What fondamentals with cryptos? Only offer/demand. Nothing tangible. Can you hold it? See it?
Same as currencies: based on confidence. That's it.
Quote from: Bigbroben on Mar 12, 11:18 AM 2020What fondamentals with cryptos?
The point is it's decentralized and trust-less, meaning must more resistant to corruption.
Quote from: Bigbroben on Mar 12, 11:18 AM 2020Can you hold it? See it?
No more than numbers in your bank account.
As for cash, what's paper worth?
Quote from: Bigbroben on Mar 12, 11:18 AM 2020Same as currencies: based on confidence. That's it.
You answered your own question. So why would anyone use cryptos instead of fiat currency? For reasons explained above, and more.
Almost all money will be digital soon. And crypto will take over. Eventually.
Bitcoin price is in freefall, for now. Again its part panic and part manipulation.
Eventually the bulls will start mass buying, and the people who sold will be regretting it. Unless they were holding shitcoins.
This is all an over-reaction.
Compare and decide.
BItcoin has had a good rebound in the last weeks. 10k is a treshold: today's ceiling but tomorrow's floor?
Gold: safe, as usual. Selling pressure waning away. Physical gold/silver hard to get, high premiums and long delays. But if you don't hold it you don't own it. Once the ETFs realize that, gold at 2000-3000$ will be reality. CME and LBMA pricing will be irrelevant.
Trade safe, or buy and hold, whatever your profile is.
The most secure investment you can ever have is LAND. There are investments with higher returns, but you need land in your portfolio. Yes its monetary value may temporarily decline, but real value isnt about money.
Also the way things are headed, other best investments are likely in essential services.
I expect cryptos will soar, but still be very volatile.
Totally agree with you there Steve about land. You can't create it, as opposed to the other real estate: houses and buildings.
I own land and commercially grow fruits. Kids are playing out, trees are growing, river is flowing nearby. I wouldnt trade this for anything. I woulnt see myself anywhere else. Unvaluable, at least currency-wise.
Even if all my digital investments went to zero, my reality wouldnt change since I dont depend on it.
Real investments resumes to: do what you like, like what you do. Cuz alike land that is finite, so is time.
Have as much enjoyable present moment as possible.
Gold is here to stay. In itself, it is less volatile than cryptos, but i believe its price cannot be supressed any longer.
Two ways to play it: own physically and speculate. Miners have a low P/E ratio that is based on past year's earnings when gold was at 1400 1500$. Next year at lets say from 1550 to 1750 for min 2 quarters: one might see tenbaggers here and there if/when gold ranges 1700-2000...
2000-3000 or 5000? Well bitcoin did it, why wouldnt gold? Might not be as quick and swingy, but I would expect it within 5 years. Could be 2.
To be cont...
Been on the gold train for a while, with all its ups and downs, paper contract dumps midnight blitz.
It's been a slow crawl up since 2016 but boy! did it gain steam in the last year.
Gold just breached a short term ceiling of 1750 to close at 1800 today. Climbing straight to 2009 top of 1950$. I expect to pass 2000$ within 12 months. Check volumes.
I expect miners to go ballistics. Low P/E ratios at 1500$/oz will be even more of a bargain at 1800$/oz. Expect tenbaggers here and there.
This train is gaining speed.
Quote from: Steve on Jun 20, 09:12 PM 2019
ps, Bitcoin being used for speculative investment is a joke. The principle of Bitcoin is great, but the underlying technology is crude. My prediction is unless it increases speed of transaction, it will be eventually be overtaken by another coin.
While Bitcoin is being used for real payments, it is mostly being used by manipulatively traders.
Not to say bulls and bears don't manipulate other markets, and the SEC does jack shit because it doesnt affect their power. But it is far worse with Bitcoin.
My feeling is that Bitcoin is here to stay. There may be a coin that overtakes it but then because bitcoin has been here the longest and is the most widely known it will have staying power, it will be used more like a store of value than transacting.
How are you guys doing in these crazy times?
Unfortunately I lost almost all my money in 2018 and I didn't reinvest. I made about 150% profit in the past 3 months with my remaining investment, which is excellent, but I'm still very far from breaking even.
The most annoying thing is that I continue to make bad decision, so I miss out on insane profits.
I sold my BTC at $18K, then bought back at $34K, sold again at $36K, now the price jumped to $47K...
I also missed out on the dodge coin pump, but made some profits with Ripple last week.
If only I knew that this was going to happen....It's painful to see that I could have made more money in the past 3 months than what I earn in 2 years.
Investing in Doge is not a very good idea!
Doge was created as a fun thing. The only times that this coin goes up is when Elon Musk tweets about it. He's a well known supporter of this coin. Still... Tesla bought bitcoin of 1.5bil USD yesterday.
In my oppinion, if you invest in something, don't think in short term. Think long term! IMO - XRP will be the next big thing after they get out of that trial
Quote from: Steeefan2014 on Feb 09, 08:21 AM 2021Investing in Doge is not a very good idea!
I know it's a useless joke coin. But I don't care if it can double my money.
Quote from: Steeefan2014 on Feb 09, 08:21 AM 2021In my oppinion, if you invest in something, don't think in short term. Think long term!
Short term can very very profitable sometimes, when you see something is on the rise, you make a quick 20% in one day, then sell it.
Very interesting news about Tesla. This will probably mean that Bitcoin is here to stay, and we will not see a price correction yet. Like many others, I was expecting the price to drop down to $20-25K when it was around $34K
Now what if other companies decide to follow Tesla on this? That could mean $100K BTC in the near future. Microsoft used to accept bitcoin, it would be a big deal if they did again.
Quote from: Steeefan2014 on Feb 09, 08:21 AM 2021XRP will be the next big thing after they get out of that trial
It's possible. I made most of my profit with XRP. I made a risky move in December, right after the SEC lawsuit news, and bought some XRP at $0.35, then I sold it last week at $0.50. Too bad I didn't buy back after the drop.
aaand once again I managed to lose 6% of my bankroll in 1 day despite the booming prices. I shouldn't have bought Dodge at ATH. I lost 20% on that one. But who knew.
An old saying:
"A long-term investment is a short-term investment that went wrong."
Hindsight is a real pain.
I invested in king ethereum, I think they easily will reach the 15K at december. Buyed long therm vechain, and zilliqa to staking, and polkadot to long term too. My target low market coins with great potencial are : bao finance, reef finance, yield.app, kardiachain, smartkey (5 euro price prediction), mobiecoin, swissborg. Yeld Finance also may grow to 5000 euro even, Elrond too.
But I am not a financial advisor of course, just check these projects.
@ATI - there's a roumor that Oracle might buy a lot of Bitcoin too. I repeat, it's just a roumor!
@EKO - I think 15k for ETH it's a bit too high! My bets this year are on ADA, DOT, XRP & REEF.
Maybe, but the 10k is very sure. It depends on btc, if btc reach 100k, for eth is 10k, if btc reach 250k, for eth its 25k, if btc stays at 40k, eth will be 4k. In my opinion. Ada, dot are great long term projects, but people can make money from under top100 altcoins, where the 100-1000x just happens in a month or so. Look bao finance example, or mobiecoin. But stabil portfolio requires btc, eth.
How much money should one invest in bitcoin under the current market conditions?
I know that people who bought bitcoins 10 years before or so are now millionaires.
And the question is, are people trading bitcoins same as normal stocks ? Or it’s completely different thing
Quote from: Mister Eko on Feb 09, 05:14 PM 2021I invested in king ethereum, I think they easily will reach the 15K at december.
That would be quite extreme. You probably know this, but for price prediction, you need to consider the circulating supply and the market cap. ETH supply is almost 10 times as big as the BTC supply, so at the same price the market cap is also much bigger.
The current ETH market cap is around $200 billion, so at $15K trading price, the market cap would be around $2 trillion, which is more than the entire crypto market combined.
Quote from: Roulettebeater on Feb 10, 02:57 AM 2021How much money should one invest in bitcoin under the current market conditions?
That's entirely depends on you. As much as you like and can afford. Just be aware that this supposed to be the worst time to invest when the prices are at all time high. But it's so unpredictable, anything can happen. The price might go up even more, or could also drop down to $20K in a matter of days. In early 2018 I bought BTC for $12K, and from that moment I was in a loss. A year later the price was only $3.5K. A similar drop can happen any time, but don't listen to me, I'm always wrong :D
What I expect is that the potential profits will decrease a lot as the prices go higher. In the past couple of months, BTC price has increased by nearly 500% Now one can be optimistic, but I highly doubt that we will see an other 500% and a $250K BTC price in the next couple of years.
Quote from: Roulettebeater on Feb 10, 02:57 AM 2021And the question is, are people trading bitcoins same as normal stocks ? Or it’s completely different thing
There are many similarities, but also differences. For example the stock market is regulated, companies must publish financial statements, and if you own a share, you own part of the company. Stock market is only open during daytime on weekdays, whereas crypto market is open 24/7
Quote from: ati on Feb 10, 03:46 AM 2021
That would be quite extreme. You probably know this, but for price prediction, you need to consider the circulating supply and the market cap. ETH supply is almost 10 times as big as the BTC supply, so at the same price the market cap is also much bigger.
The current ETH market cap is around $200 billion, so at $15K trading price, the market cap would be around $2 trillion, which is more than the entire crypto market combined.
Of course the whole market cap will increase to 4-5 trillion until dec.
algorand
ethereum
if algorand makes it ill be well off
i bought doge just for kicks, you know....just in case
Quote from: RouletteGhost on Feb 10, 09:25 PM 2021i bought doge just for kicks, you know....just in case
Well, did you hold it? If so, then it's time for you to celebrate :D
As usual, I bought in at the top, and sold lower. I thought that people were crazy enough to drive the price up to a dollar. That's what they were tweeting about.
It didn't help that in the middle of the fastest price drop yesterday, Binance failed to place my sell order three times.
I actually panic sold everything yesterday, after my entire portfolio dropped around 10% in value. This happened after I finally broke even after two months in the red :-\
Quote from: ati on Apr 17, 03:47 AM 2021
Well, did you hold it? If so, then it's time for you to celebrate :D
As usual, I bought in at the top, and sold lower. I thought that people were crazy enough to drive the price up to a dollar. That's what they were tweeting about.
It didn't help that in the middle of the fastest price drop yesterday, Binance failed to place my sell order three times.
I actually panic sold everything yesterday, after my entire portfolio dropped around 10% in value. This happened after I finally broke even after two months in the red :-\
2 months in the red in a bullrun? Please what kind of portfolio you have may I ask? Everything goes up, every coin...
I’m bullish on NEXO.
Quote from: Mister Eko on Apr 17, 07:01 AM 2021
2 months in the red in a bullrun? Please what kind of portfolio you have may I ask? Everything goes up, every coin...
Yeah, it's pretty annoying. Sadly not everything goes up. I bought AAVE and AVAX in mid February, but I could never break even with those. I only made profit with XLM, but I also had to wait two months for that.
I bought BNB a week ago, and again I've immediately started to lose money. I'm trying to be positive, but I always seem to make the worst decisions.
Quote from: ati on Apr 17, 09:04 AM 2021
Yeah, it's pretty annoying. Sadly not everything goes up. I bought AAVE and AVAX in mid February, but I could never break even with those. I only made profit with XLM, but I also had to wait two months for that.
I bought BNB a week ago, and again I've immediately started to lose money. I'm trying to be positive, but I always seem to make the worst decisions.
Yeah, I know where are you always wrong. You buy high, that is your problem. Aave was already pumped, when you bought. BNB can do a 2x, but not 10x. Try find 10-100-1000x coins, low cap, big potencial, but diversifie with more safe coins too, and havee max 10 coins in your portfolio. With this strategy I manageed to 7x my mony since january 20th. Best decision was buying 1.2 million ubix at price 70, now it is worth more than 3,000 euro.
Hehe, almsot a year for this predictions, but yeas, I shooted a bit high for 15k eth. But better late then never :P