BitCoin Future Prices

[Earthjade]

Textbook example of a Fibonacci 50% retracement.

http://www.swing-trade-stocks.com/image-files/retracements.png
Source: http://www.swing-trade-stocks.com/fibonacci-retracements.html

Expect $2000+ BTC in three months. $70+ LTC.

Only if it breaks new highs, otherwise it is in a downtrend to who knows where.

I wonder if there's enough momentum to reach a new high when the price gets low enough.
Most of the last peak was Chinese investment - how many are going to return?
I don't think that we can get back to the old highs based on just Western speculation alone, even with the increased awareness (a lot of it will be negative).

 

[Altima]

So no Chinese money = no new highs?

 

[Revils]

I think the only strategy that might work for me is to buy and ignore all prices until
a) It reaches a pre-determined high
b) Several unforeseen things happen that results in needing cash

Way too much panic buying and selling for me today

 

[metalzzz]

.

 

[metalzzz]

http://m.youtube.com/watch?feature=m-ch-fea&v=khj9qnFQsdA

Link to video above that failed to upload

 

[Altima]

I think the only strategy that might work for me is to buy and ignore all prices until
a) It reaches a pre-determined high
b) Several unforeseen things happen that results in needing cash

Way too much panic buying and selling for me today

Are you referring to Bitcoins or physical metals?

 

[SilverSale]

My goal is to trade BTC into more BTC now, I don't care if BTC is $1, or $1000 - as long as I have more BTC than I did the week before.

Multiplying nothingness by dropping nothingness = not a wise tulip investment.

 

[Altima]

Interesting how the arguments for staying invested in Bitcoin sounds just like the arguments made for staying invested in physical metals!

"I don't care how much the price of silver/gold/bitcoin is, but what's important is I have more than I did before!"

Well at least I'm still glad I can fondle my silver kilo bars. Wonder what you can do with your bitcoins.

 

[SilverSale]

Correct you are Altima.... seen it too many times before!!

Make money while the mania is on - but don't get emotionally attached to your investment.

 

[Revils]

I think the only strategy that might work for me is to buy and ignore all prices until
a) It reaches a pre-determined high
b) Several unforeseen things happen that results in needing cash

Way too much panic buying and selling for me today

Are you referring to Bitcoins or physical metals?

Both!
But it's a lot easier to panic sell/buy with bitcoin.
And numbers on a screen are easier to part with than heavy dragons (though forming an emotional attachment has its downside)

 

[metalzzz]

My goal is to trade BTC into more BTC now, I don't care if BTC is $1, or $1000 - as long as I have more BTC than I did the week before.

Multiplying nothingness by dropping nothingness = not a wise tulip investment.

Where have I heard goals like this before? On the top of another mountain somewhere a while ago. Gather those butcoins it will soothe the fiat losses

 

[SilverSale]

Perhaps a freudian slip? I may start referring to them now as Butt Coins

 

[metalzzz]

No butcoins is what the bears eat for breaky

 

[beeteecee]

http://buttcoin.org/

 

[goldpelican]

Oh gawd the pink floyd video...

 

[SilverSale]

Black Sunday - Todays viewing shall consist of scattered showers with a 70% chance of heavy hail & systemic collapse.

Viewer discretion advised - scenes could be disturbing to some investors.

P.S. Due to technical difficulties, some or all of today's episode may not be shown.

 

[beeteecee]

So you're saying the price could suffer this weekend. I see.

 

[pro$pector]

Correct you are Altima.... seen it too many times before!!

Make money while the mania is on - but don't get emotionally attached to your investment.

It's almost like you think BTC was only invented in late 2013. :lol:

The peaks and trough's are nothing new, this is how Bitcoin works.

But hey, you made your $500 and got out, nice work!

 

[Load of Bullion]

It's almost like you think BTC was only invented in late 2013. :lol:

The peaks and trough's are nothing new, this is how Bitcoin works.

+1

 

[SilverSale]

Interesting how the arguments for staying invested in Bitcoin sounds just like the arguments made for staying invested in physical metals!

..and the perma-bull attacks will probably continue for some months yet.

For about 6 months after I sold my silver I had to listen to "you are going to regret it".