We've just had the biggest 1 day gain in Bitcoin USD for this year (BitStamp) I believe that record will be broken very soon however! EDIT: also biggest gain in AUD
2 events that might provide the rocket fuel you are looking for :- * Scaling debate resolved. Talk is a compromise has been reached and they are calling it SegWit+2MB. * Bitcoin ETF approval by the SEC. Apparently its very close. Either of these events would be BIG for Bitcoin, but if they both happen then it could really explode.
sincerely doubt an ETF will get approved in the current landscape. two reasons, btc isnt regulated enough, second what is going on now is a ponzi, and while the average person thinks he is making money at the moment, experienced investors will play it to their advantage and regulators will use it as an excuse to control btc in the future, but no etf now. whats happening at the moment could end up worse than gox, look at the market cap of the alts, that are paired with btc on the exchanges. when people want to cash out, the exchanges wont have the fiat to do it, so it will all implode. also the segwit compromise is BS, I wont support it, and i know someone who is running a lot of hashing power and 100 nodes nor will he support it, and there will be many more also. Seems these devs got no idea, and still intent on controlling btc.
Oh it must be sooooo frustrating for the gold/silver bugs who are watching BTC doing exactly what they have been promising gold would do for so many years, at similar prices.
put it into perspective, relative to the alts, btc is actually losing value. if this goxes all over again, the gold holders will be patting themselves on the back, this is very risky at the moment
Will you be a buyer after the imminent bust? Also yes, I would be starting to get concerned about the integrity of the exchanges and their ability to scale to this kind of capital requirement. Some of my support tickets are going completely unanswered.
I dont think in fiat, i think in btc, 1 btc to me is one btc, no matter if the exchange rate is 1k or 4k I trade and work on margin only, so yes i will buy going down and buy going up. however, most people find it hard to work in btc as their currency, they will be working in fiat, so its different for them. I also borrow a lot of my coins, so couldent care less the exchange rate, i will pay back in btc.
Strange that so many people develop an incredible arrogance and superiority complex with this stuff that simply makes them impossible to converse with. Thanks for your reply, I guess.
im sorry, you asked if i will still buy, I answered and explained my reasoning why. is that not what you were asking?
I'm sure it will be down 50% by this time next month. Then it's time to buy and store it all in paper wallets
Just don't be the one holding the hot potato at the end. let it be the other guy. Aww poor other guy, always holds on too long. As i tell my missus, it's bad if i hold off for too long.
Biggest gains are at the end, but yes, it is a fine line getting it right... I'm throwing my hot potato at BuggedOut haha
I don't want your potato. Last 2 BTC crashes were 65% and 80% from peak price to consolidation range. Just looking at the longer term charts and ratios and it puts the current run up in perspective. The run up in April 2013 was x25 times from consolidation to peak. In November 2013 it was x12 times. This time around a x12 increase puts us up around 2800 USD. Not an exact science obviously, but those who are buying because of the fractal pattern would not have this rally lasting much longer on the time scale. A few more days or weeks at the current rate. If it goes x25 that'd be a target of maybe 5800 USD....crazy, but I'd love to see it!
Well I'm glad you've moved on from your original approx US$1500 top call. Pretty premature that one. Happy that I've shown you the light & you've now chosen a top call close to my prediction
You don't seem to have a sense of humor. I'm not going to explain it to you. The only thing you've shown me is how not to behave if you want to be taken seriously
