THE Bitcoin Speculation Thread

I used to think Bitcoins were fairly nifty. The whole concept of cryptocurrency was fascinating.

Now I can't fucking stand them thanks to you asshats. All this rampant bitcoin thread making circle-jerking has made me love Ben Bernake. Give me more federal reserve notes. Fiat for life. I hope the DOJ, IRS, TSA, NSA, DIA, CIA, NASA, Interpol, DHS, and PETA rains hellfire and brimestone on BTC just to shut everyone the fuck up about god damned bitcoins.

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o hai guyz said:
IMO if you're investing in it for any extended time period (rather than just daytrading), waiting for these crashes and bubble pops is useless. It's trading at 550 now, either you can stock up on it at 550, or you can wait for it to go to 900 and then "crash" down to 400. In the big scheme of things, the difference is miniscule and irrelevant. I'd rather just buy it up now and sit on it instead of sitting watching the charts 24/7 so I can buy in at a few dollars cheaper. Just my opinion.
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If you are "investing in anything for the "extended time period" You would be much better off investing a small amount on a regular basis. IE... $1,000 each week (biweekly, monthly) and invest it each and every week. Nobody can tell you what price BTC will be next year, next month or tomorrow. Making a one time purchase is almost always more dangerous than averaging your money.

Dollar Cost Averaging. Learn it, use it, profit. If you dont you will wind up doing what the average schmuck does and buy high and sell low. You will be wrong, and you will lose money.
 
not claiming to be an expert at all just putting my 5 cents in. i think there'll be at least one more good drop to 1-200 and idle around for a while before it jumps into the thousands. maybe not in the very near future but wait for the demand to drop for a bit and maybe some anti bitcoin hype to start catching on before a country slaps dat capital control bullshit on hard or some other kind of financial shit happens to grab people's interest in alternative currency. when it catches on, it will REALLY catch on. not an expert in stock shit but it's common sense to not jump on after something jumped like that already to get the short end of the stick of people jumping off the other end. there will be more opportunities i think lol just be ready for the next one. it seems so unlikely that bitcoin would get fucked off completely at this point. with how hard it's caught on so far, it's pretty much an established force to reckon with in the future of the financial markets. i don't see any scenario that it wouldn't blow up hard when the shitstorm starts or a little before that.

be grateful for qe lol gives you extra few years to make peace with your god and scavenge the markets before they disintegrate. if they were being responsible about it we wouldn't crash as hard but it would happen right now and we'd be living in a relative shithole. janet yellen's incompetence is going to give you ample chance to save your ass. look upon her benevolent face and be thankful for her willingness to do the bidding of private bankers

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lukep said:
That reminds me; ALWAYS watch btcchina's price and volume. When the volume is up like it's been for the last few weeks, it dictates the direction the price moves on all other boards. It may just stay like that forever in fact, they've got something like 1.5 billion people there and over 700 Million of them were exposed to QQ Coin a decade ago, so they're far more accepting of bitcoin as a culture. (Not to mention China seems to love the idea of bitcoin replacing the USD as the world reserve currency.)
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Good point. Here's an article I just saw on Forbes about btcchina and its founder. An ex-exec with yahoo, walmart. (well.. walmart china :D)

From Walmart To Bitcoin: The CEO Behind The Chinese Exchange Sending BTC To New Highs - Forbes
 
JoseArmando said:
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It's....It's......It's BEAUTIFUL!


This graph represents what I imagine when I hear any BTC prediction.

"yeah, yeah, I'm sure it will go down to $300 then back up to $700 before the market adjusts and makes it's way over $9000. Just a matter of time boys"

Illustrates why any investment advice I give on this forum is to go away from this forum. Or give your money to Jon or Grindpebble
 
lukep said:
That's Ok; Bernanke is a fan of bitcoin too now:

Ben Bernanke’s letter to Congress: Bitcoin and other virtual currencies “may hold long-term promise” – Quartz

Perhaps now that he's passing over the crown he can speak his mind more freely? ;)
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The Art of War

By Sun Tzu

Translated by Lionel Giles

I. Laying Plans

1. Sun Tzu said: The art of war is of vital importance to the State.

18. All warfare is based on deception.

19. Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.

20. Hold out baits to entice the enemy. Feign disorder, and crush him.



youre like uber sheeple. youre sheeple but believe you are not.
 
dmnEPC said:
If you are "investing in anything for the "extended time period" You would be much better off investing a small amount on a regular basis. IE... $1,000 each week (biweekly, monthly) and invest it each and every week. Nobody can tell you what price BTC will be next year, next month or tomorrow. Making a one time purchase is almost always more dangerous than averaging your money.

Dollar Cost Averaging. Learn it, use it, profit. If you dont you will wind up doing what the average schmuck does and buy high and sell low. You will be wrong, and you will lose money.
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Well yeah, I wanted to take the more dangerous bet since it also comes with a higher return if successful. I put in a chunk of the cash that's just sitting in my bank account doing nothing anyway, if it works then congrats to me, if it doesn't then fuck it.

I would agree that if someone doesn't have money to blow and/or has no other ongoing investments, then putting 100% of their savings into bitcoin would be a little ridiculous. But my point is if you're sitting there with a handful of money waiting and waiting and waiting for it to "crash" to 15% lower than you could just buy it for right now, it's a waste of time and effort.
 
dmnEPC said:
If you are "investing in anything for the "extended time period" You would be much better off investing a small amount on a regular basis. IE... $1,000 each week (biweekly, monthly) and invest it each and every week. Nobody can tell you what price BTC will be next year, next month or tomorrow. Making a one time purchase is almost always more dangerous than averaging your money.

Dollar Cost Averaging. Learn it, use it, profit. If you dont you will wind up doing what the average schmuck does and buy high and sell low. You will be wrong, and you will lose money.
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the limit of that process is buying nothing every tick, which reduces your profit to zero. averaging when youve got an opinion on the market is just reducing your potential.
 
wayn3 said:
the limit of that process is buying nothing every tick, which reduces your profit to zero. averaging when youve got an opinion on the market is just reducing your potential.
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Not if you opinion is wrong. Like I said this is a long term strategy that has served millions of people well. If you want to speculate, have at it. No oN e strategy is right for everyone.
 
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