Godlike Productions - Discussion Forum
Users Online Now: 1,387 (Who's On?)Visitors Today: 779,862
Pageviews Today: 1,335,780Threads Today: 756Posts Today: 12,932
09:38 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Time to board the Bitcoin train

 
syncro

User ID: 75835116
United States
02/18/2019 04:59 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
Tell me when LTC gets back to $300 so I can break even and sell

5a
 Quoting: Maddrummerboy


C'mon, at least hold to 3k. That's inevitable. Just opinion.
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 04:59 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
Tell me when LTC gets back to $300 so I can break even and sell

5a
 Quoting: Maddrummerboy


Ton of you around, why? you were never in for it for the tech?

Obviously.
Maddrummerboy

User ID: 69764054
United States
02/18/2019 05:01 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
Tell me when LTC gets back to $300 so I can break even and sell

5a
 Quoting: Maddrummerboy


Ton of you around, why? you were never in for it for the tech?

Obviously.
 Quoting: Anonymous Coward 77069094


Tech? I thought It was just a get-rich-quick scheme

pick
Anonymous Coward (OP)
User ID: 70799888
Sweden
02/18/2019 05:01 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
Tell me when LTC gets back to $300 so I can break even and sell

5a
 Quoting: Maddrummerboy


Ton of you around, why? you were never in for it for the tech?

Obviously.
 Quoting: Anonymous Coward 77069094


Hey, let’s be honest here. We are all in it for the price
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:02 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
For fuck sake people!

Your kids! heck your grand kids kids will play with this!

Give them something in your Blockchain Will one day.
Maddrummerboy

User ID: 69764054
United States
02/18/2019 05:05 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
For fuck sake people!

Your kids! heck your grand kids kids will play with this!

Give them something in your Blockchain Will one day.
 Quoting: Anonymous Coward 77069094


How does one "play" with said Bitcoin?
Anonymous Coward
User ID: 76677680
United States
02/18/2019 05:05 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
What makes you guys think bitcoin, litecoin, or any other crypto will surge to high levels in the near future?

These cryptos seem suspiciously identical to a ponzi scheme.
For the value to go up more people have to invest.

Early investors make good profits, those who join late might see the crypto crash and end up losing money.

How is crypto not a ponzi scheme, please explain that to me?
 Quoting: Anonymous Coward 40169223



cause it has kewl hash strings that looked techno.

1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:10 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
For fuck sake people!

Your kids! heck your grand kids kids will play with this!

Give them something in your Blockchain Will one day.
 Quoting: Anonymous Coward 77069094


How does one "play" with said Bitcoin?
 Quoting: Maddrummerboy


A Bitcoin Lightning Network powered RPG PenguinShooter

[link to i.imgur.com (secure)]

[link to twitter.com (secure)]
[link to twitter.com (secure)]
[link to discuss.atom.io (secure)]
[link to medium.com (secure)]
Maddrummerboy

User ID: 69764054
United States
02/18/2019 05:12 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
For fuck sake people!

Your kids! heck your grand kids kids will play with this!

Give them something in your Blockchain Will one day.
 Quoting: Anonymous Coward 77069094


How does one "play" with said Bitcoin?
 Quoting: Maddrummerboy


A Bitcoin Lightning Network powered RPG PenguinShooter

[link to i.imgur.com (secure)]

[link to twitter.com (secure)]
[link to twitter.com (secure)]
[link to discuss.atom.io (secure)]
[link to medium.com (secure)]
 Quoting: Anonymous Coward 77069094


DOrolleyes
Anonymous Coward
User ID: 75716984
United States
02/18/2019 05:12 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
For fuck sake people!

Your kids! heck your grand kids kids will play with this!

Give them something in your Blockchain Will one day.
 Quoting: Anonymous Coward 77069094


How does one "play" with said Bitcoin?
 Quoting: Maddrummerboy


Looks at numbers on a screen that mean shit is what 'play' means. chuckle
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:15 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
For fuck sake people!

Your kids! heck your grand kids kids will play with this!

Give them something in your Blockchain Will one day.
 Quoting: Anonymous Coward 77069094


How does one "play" with said Bitcoin?
 Quoting: Maddrummerboy


A Bitcoin Lightning Network powered RPG PenguinShooter

[link to i.imgur.com (secure)]

[link to twitter.com (secure)]
[link to twitter.com (secure)]
[link to discuss.atom.io (secure)]
[link to medium.com (secure)]
 Quoting: Anonymous Coward 77069094


DOrolleyes
 Quoting: Maddrummerboy


Is that a sound?

Not really catching your retarded argument.
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:16 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
For fuck sake people!

Your kids! heck your grand kids kids will play with this!

Give them something in your Blockchain Will one day.
 Quoting: Anonymous Coward 77069094


How does one "play" with said Bitcoin?
 Quoting: Maddrummerboy


Looks at numbers on a screen that mean shit is what 'play' means. chuckle
 Quoting: Anonymous Coward 75716984


When did your imagination die?

You a NPC?
Anonymous Coward
User ID: 75716984
United States
02/18/2019 05:16 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
...


How does one "play" with said Bitcoin?
 Quoting: Maddrummerboy


A Bitcoin Lightning Network powered RPG PenguinShooter

[link to i.imgur.com (secure)]

[link to twitter.com (secure)]
[link to twitter.com (secure)]
[link to discuss.atom.io (secure)]
[link to medium.com (secure)]
 Quoting: Anonymous Coward 77069094


DOrolleyes
 Quoting: Maddrummerboy


Is that a sound?

Not really catching your retarded argument.
 Quoting: Anonymous Coward 77069094




a value set by dumbfucks is not an intrinsic value.
7..X.LePsihoLog

User ID: 77385217
Croatia
02/18/2019 05:19 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
What makes you guys think bitcoin, litecoin, or any other crypto will surge to high levels in the near future?

These cryptos seem suspiciously identical to a ponzi scheme.
For the value to go up more people have to invest.

Early investors make good profits, those who join late might see the crypto crash and end up losing money.

How is crypto not a ponzi scheme, please explain that to me?
 Quoting: Anonymous Coward 40169223


because those who bought it when it was 18000$ and now it is 3000 earned minus 15 000$....
thats why!
epiclol

Last Edited by 7..X.LePsihoLog on 02/18/2019 05:42 PM
love gave birth to a sacrifice, which brought forward the hatred, what brought forward THE PAIN!....
and to a sadness, deep deep deep way down...is. .....

..."it is stated, that those who possess the RINNEGAN, exists in realms beyond the life and death!"...

Nobody is a man of focus, commitment, sheer will. Something you know very little about.

...."your blood its not your own, it belongs to THE CREED!"...
..."we work in darkness, to serve the light. We are hashashins!"...

...born under the White crown of Nile....
EL L ....
CROATOAN.....
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:25 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
What makes you guys think bitcoin, litecoin, or any other crypto will surge to high levels in the near future?

These cryptos seem suspiciously identical to a ponzi scheme.
For the value to go up more people have to invest.

Early investors make good profits, those who join late might see the crypto crash and end up losing money.

How is crypto not a ponzi scheme, please explain that to me?
 Quoting: Anonymous Coward 40169223


because those who bough it when it was 18000$ and now it is 3000 earned minus 15 000$....
thats why!
epiclol
 Quoting: 7..X.LePsihoLog


Yeah they have totally lost their shit and blames everyone else but not themselves.

typical narcissist kids with lambo/chicks/derp mentality.

flex and wrestle with the logans on youtube.
Hibodharma

User ID: 29725340
Canada
02/18/2019 05:32 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
All aboard the FOMO EXPRESS!!

choo chooo!
free man
Coinman777

User ID: 76531370
Ukraine
02/18/2019 05:37 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
If you don't buy Bitcoin for ideology, buy it for asymmetric investment.

If you don't buy Bitcoin to secure your offspring's future, buy it to gain financial independency for yourself.

If you don't buy Bitcoin to end tyranny, buy it for free speech.


p.s. if you want multiply your money (btc) fast (min. x500), you must buy Phoenixcoin [link to coinmarketcap.com (secure)]
Anonymous Coward
User ID: 75716984
United States
02/18/2019 05:42 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
putin
7..X.LePsihoLog

User ID: 77385217
Croatia
02/18/2019 05:43 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
What makes you guys think bitcoin, litecoin, or any other crypto will surge to high levels in the near future?

These cryptos seem suspiciously identical to a ponzi scheme.
For the value to go up more people have to invest.

Early investors make good profits, those who join late might see the crypto crash and end up losing money.

How is crypto not a ponzi scheme, please explain that to me?
 Quoting: Anonymous Coward 40169223


because those who bough it when it was 18000$ and now it is 3000 earned minus 15 000$....
thats why!
epiclol
 Quoting: 7..X.LePsihoLog


Yeah they have totally lost their shit and blames everyone else but not themselves.

typical narcissist kids with lambo/chicks/derp mentality.

flex and wrestle with the logans on youtube.
 Quoting: Anonymous Coward 77069094


flood of pokemon coins threads with rise of anonymous shilltards...
coincidence?...
love gave birth to a sacrifice, which brought forward the hatred, what brought forward THE PAIN!....
and to a sadness, deep deep deep way down...is. .....

..."it is stated, that those who possess the RINNEGAN, exists in realms beyond the life and death!"...

Nobody is a man of focus, commitment, sheer will. Something you know very little about.

...."your blood its not your own, it belongs to THE CREED!"...
..."we work in darkness, to serve the light. We are hashashins!"...

...born under the White crown of Nile....
EL L ....
CROATOAN.....
Midwest Skeptic

User ID: 77374864
United States
02/18/2019 05:43 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
High $19,065 (on weekly chart)
Current $3,900

Nearly all people who have bought Bitcoin since 9/17/2017 are UPSIDE DOWN on their purchase. There have only been 5 weeks since then that Bitcoin has traded lower than it's present price, and all of those have been in the last 2 months. To top it off those prices haven't been much lower than the present price (meaning not much of a gain has been possible).

Following the 90/10 rule, a mania object will lose lose 90% of it's gains once the mania ceases leaving only 10% of the gains, AT MOST. With that knowledge one can easily calculate where a solid basing area for Bitcoin MIGHT come into play.

Weekly price high $19,065, the old long term basing ares before the "Bubble" was in the $600 to $950 range, so let's call it $1000 for shits and grins, leaving a BUBBLE GAIN of $18,000+-. 90% of that is $16,200. 19,065 less $16,200 gives an indicated HIGHEST LEVEL potential pricing base area in the $2,850 range, but it could easily be lower. (That is still a solid $1000 below the current level). Bitcoin could easily go all the way back to it's old basing area of $600 to $900 before it hits a solid foundation.

If you analyze risk, even if one believes in Bitcoin, one should NOT invest in Bitcoin until it hits that potential base area $2,850 (preferably lower), otherwise your RISK for further declines is way too high on a "risk adjusted basis".


(to condense MANY years and a lot of research of my looking at MANY Manias: ... in my review of major "mania's" over the centuries I have noted that some go all the way to ZERO ... only those with real economic substance can really form a "Base" and SLOWLY start back up from there. To add further ... usually the collapse off of a bubble top takes 24 to 60 months, with most of those collapses bottoming in the 36 to 48 month range)

Last Edited by Midwest Skeptic on 02/18/2019 05:58 PM
Midwest Skeptic
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:45 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
putin
 Quoting: Anonymous Coward 75716984


Vladimir Putin Says Russia Needs Blockchain, Cannot be Late in the Race

" Russian President Vladimir Putin has stated that the country needs blockchain technology and emphasized that it is important that Russia does not fall behind in the development and adoption of the revolutionary technology.

Russia Insight, which provides unique insights into the Russian market, released a video featuring a discussion between Putin and the country’s largest bank Sberbank president Herman Gref, during which Putin noted the necessity of the country, its regulators, and local banks of adopting blockchain technology.

“We need [blockchain technology]. … Stone Age has not ended due to lack of stones, but because new technologies appeared. Those late in this race will instantly, VERY FAST, be under full dependence from leaders of these processes,” wrote bitcoin investor and expert Trace Mayer, translating the words of Putin.

Gref, who oversees the most influential financial institution in Russia, has long been an optimistic cryptocurrency and blockchain enthusiast. In November 2017, Gref stated that cryptocurrencies are a fact of our life, noting that cryptocurrencies will become an indispensable part of the global financial system.

“Virtual currencies are a natural outcome of blockchain technology. We may ban them, we may welcome them. It is trendy to urge people not to play with them. But they are a fact of our life,” said Gref, at a meeting of the Russian entrepreneurs association.

In late January, Sberbank went as far to say that the bank will likely launch a cryptocurrency trading platform in the future, to address the rapidly growing demand for bitcoin and other cryptocurrencies in the market from local investors.

Sberbank’s Head of Global Markets Andrey Shemetov said that the bank aims to provide strategic access to all kinds of products and services investors may need to invest in the cryptocurrency market.

In the same month, President Putin told TASS, a Russian news agency, that regulations will be implemented to protect investors and facilitate the growth of businesses. He further noted that cryptocurrencies can operate as a medium of exchange and a settlement network, but expressed his concerns over the store of value aspect of it.

Similar to the viewpoint of the vast majority of bankers and government officials, Putin stated that since cryptocurrencies are not backed by anything, their value cannot be warranted.

However, the lack of intrinsic value is apparent in all currencies, stocks, bonds, assets, and commodities. The value of any asset solely depends on its supply and demand, and the market is responsible for its value. Thus, the lack of intrinsic value in cryptocurrencies is a non-issue, as the market decides, in real time, the value of cryptocurrencies in the market. "

[link to www.ccn.com (secure)]
7..X.LePsihoLog

User ID: 77385217
Croatia
02/18/2019 05:46 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
and then they turned back to gold standard...
love gave birth to a sacrifice, which brought forward the hatred, what brought forward THE PAIN!....
and to a sadness, deep deep deep way down...is. .....

..."it is stated, that those who possess the RINNEGAN, exists in realms beyond the life and death!"...

Nobody is a man of focus, commitment, sheer will. Something you know very little about.

...."your blood its not your own, it belongs to THE CREED!"...
..."we work in darkness, to serve the light. We are hashashins!"...

...born under the White crown of Nile....
EL L ....
CROATOAN.....
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:47 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
and then they turned back to gold standard...
 Quoting: 7..X.LePsihoLog


That would be perfect.
Anonymous Coward
User ID: 76354576
United States
02/18/2019 05:48 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
dragonchain dragonchain dragonchain...
 Quoting: Anonymous Coward 76853663


disney
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:49 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
dragonchain dragonchain dragonchain...
 Quoting: Anonymous Coward 76853663


disney
 Quoting: Anonymous Coward 76354576


Not them anymore but they probably HODL as fuck atm ;)
Anonymous Coward (OP)
User ID: 70799888
Sweden
02/18/2019 05:54 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
High $19,065 (on weekly chart)
Current $3,900

Nearly all people who have bought Bitcoin since 9/17/2017 are UPSIDE DOWN on their purchase. There have only been 5 weeks since then that Bitcoin has traded lower than it's present price, and all of those have been in the last 2 months. To top it off those prices haven't been much lower than the present price (meaning not much of a gain has been possible).

Following the 90/10 rule, a mania object will lose lose 90% of it's gains once the mania ceases leaving only 10% of the gains, AT MOST. With that knowledge one can easily calculate where a solid basing area for Bitcoin MIGHT come into play.

Weekly price high $19,065, the old long term basing ares before the "Bubble" was in the $600 to $950 range, so let's call it $1000 for shits and grins, leaving a BUBBLE GAIN of $18,000+-. 90% of that is $16,200. 19,065 less $16,200 gives an indicated HIGHEST LEVEL potential pricing base area in the $2,850 range, but it could easily be lower. (That is still a solid $1000 below the current level). Bitcoin could easily go all the way back to it's old basing area of $600 to $900 before it hits a solid foundation.

If you analyze risk, even if one believes in Bitcoin, one should NOT invest in Bitcoin until it hits that potential base area $2,850 (preferably lower), otherwise your RISK for further declines is way too high on a "risk adjusted basis".


(in my review of major "mania's" over the centuries I have noted that some go all the way to ZERO ... only those with real economic substance can really form a "Base" and SLOWLY start back up from there. To add further ... usually the collapse off of a bubble top takes 24 to 60 months, with most of those collapses bottoming in the 36 to 48 month range)
 Quoting: Midwest Skeptic


hesright
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 05:57 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
High $19,065 (on weekly chart)
Current $3,900

Nearly all people who have bought Bitcoin since 9/17/2017 are UPSIDE DOWN on their purchase. There have only been 5 weeks since then that Bitcoin has traded lower than it's present price, and all of those have been in the last 2 months. To top it off those prices haven't been much lower than the present price (meaning not much of a gain has been possible).

Following the 90/10 rule, a mania object will lose lose 90% of it's gains once the mania ceases leaving only 10% of the gains, AT MOST. With that knowledge one can easily calculate where a solid basing area for Bitcoin MIGHT come into play.

Weekly price high $19,065, the old long term basing ares before the "Bubble" was in the $600 to $950 range, so let's call it $1000 for shits and grins, leaving a BUBBLE GAIN of $18,000+-. 90% of that is $16,200. 19,065 less $16,200 gives an indicated HIGHEST LEVEL potential pricing base area in the $2,850 range, but it could easily be lower. (That is still a solid $1000 below the current level). Bitcoin could easily go all the way back to it's old basing area of $600 to $900 before it hits a solid foundation.

If you analyze risk, even if one believes in Bitcoin, one should NOT invest in Bitcoin until it hits that potential base area $2,850 (preferably lower), otherwise your RISK for further declines is way too high on a "risk adjusted basis".


(in my review of major "mania's" over the centuries I have noted that some go all the way to ZERO ... only those with real economic substance can really form a "Base" and SLOWLY start back up from there. To add further ... usually the collapse off of a bubble top takes 24 to 60 months, with most of those collapses bottoming in the 36 to 48 month range)
 Quoting: Midwest Skeptic


hesright
 Quoting: Anonymous Coward 70799888


$2,850 Could happen indeed.
7..X.LePsihoLog

User ID: 77385217
Croatia
02/18/2019 05:59 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
High $19,065 (on weekly chart)
Current $3,900

Nearly all people who have bought Bitcoin since 9/17/2017 are UPSIDE DOWN on their purchase. There have only been 5 weeks since then that Bitcoin has traded lower than it's present price, and all of those have been in the last 2 months. To top it off those prices haven't been much lower than the present price (meaning not much of a gain has been possible).

Following the 90/10 rule, a mania object will lose lose 90% of it's gains once the mania ceases leaving only 10% of the gains, AT MOST. With that knowledge one can easily calculate where a solid basing area for Bitcoin MIGHT come into play.

Weekly price high $19,065, the old long term basing ares before the "Bubble" was in the $600 to $950 range, so let's call it $1000 for shits and grins, leaving a BUBBLE GAIN of $18,000+-. 90% of that is $16,200. 19,065 less $16,200 gives an indicated HIGHEST LEVEL potential pricing base area in the $2,850 range, but it could easily be lower. (That is still a solid $1000 below the current level). Bitcoin could easily go all the way back to it's old basing area of $600 to $900 before it hits a solid foundation.

If you analyze risk, even if one believes in Bitcoin, one should NOT invest in Bitcoin until it hits that potential base area $2,850 (preferably lower), otherwise your RISK for further declines is way too high on a "risk adjusted basis".


(in my review of major "mania's" over the centuries I have noted that some go all the way to ZERO ... only those with real economic substance can really form a "Base" and SLOWLY start back up from there. To add further ... usually the collapse off of a bubble top takes 24 to 60 months, with most of those collapses bottoming in the 36 to 48 month range)
 Quoting: Midwest Skeptic


hesright
 Quoting: Anonymous Coward 70799888


$2,850 Could happen indeed.
 Quoting: Anonymous Coward 77069094


when will then those who bought it at 19000 earn for lambo ?...
or for castle by the sea?....

aihihihihihi
love gave birth to a sacrifice, which brought forward the hatred, what brought forward THE PAIN!....
and to a sadness, deep deep deep way down...is. .....

..."it is stated, that those who possess the RINNEGAN, exists in realms beyond the life and death!"...

Nobody is a man of focus, commitment, sheer will. Something you know very little about.

...."your blood its not your own, it belongs to THE CREED!"...
..."we work in darkness, to serve the light. We are hashashins!"...

...born under the White crown of Nile....
EL L ....
CROATOAN.....
Anonymous Coward
User ID: 77069094
Norway
02/18/2019 06:02 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
High $19,065 (on weekly chart)
Current $3,900

Nearly all people who have bought Bitcoin since 9/17/2017 are UPSIDE DOWN on their purchase. There have only been 5 weeks since then that Bitcoin has traded lower than it's present price, and all of those have been in the last 2 months. To top it off those prices haven't been much lower than the present price (meaning not much of a gain has been possible).

Following the 90/10 rule, a mania object will lose lose 90% of it's gains once the mania ceases leaving only 10% of the gains, AT MOST. With that knowledge one can easily calculate where a solid basing area for Bitcoin MIGHT come into play.

Weekly price high $19,065, the old long term basing ares before the "Bubble" was in the $600 to $950 range, so let's call it $1000 for shits and grins, leaving a BUBBLE GAIN of $18,000+-. 90% of that is $16,200. 19,065 less $16,200 gives an indicated HIGHEST LEVEL potential pricing base area in the $2,850 range, but it could easily be lower. (That is still a solid $1000 below the current level). Bitcoin could easily go all the way back to it's old basing area of $600 to $900 before it hits a solid foundation.

If you analyze risk, even if one believes in Bitcoin, one should NOT invest in Bitcoin until it hits that potential base area $2,850 (preferably lower), otherwise your RISK for further declines is way too high on a "risk adjusted basis".


(in my review of major "mania's" over the centuries I have noted that some go all the way to ZERO ... only those with real economic substance can really form a "Base" and SLOWLY start back up from there. To add further ... usually the collapse off of a bubble top takes 24 to 60 months, with most of those collapses bottoming in the 36 to 48 month range)
 Quoting: Midwest Skeptic


hesright
 Quoting: Anonymous Coward 70799888


$2,850 Could happen indeed.
 Quoting: Anonymous Coward 77069094


when will then those who bought it at 19000 earn for lambo ?...
or for castle by the sea?....

aihihihihihi
 Quoting: 7..X.LePsihoLog


How?

Get your calculator and start to type shit, you will eventually get it.
Midwest Skeptic

User ID: 77374864
United States
02/18/2019 06:05 PM
Report Abusive Post
Report Copyright Violation
Re: Time to board the Bitcoin train
High $19,065 (on weekly chart)
Current $3,900

Nearly all people who have bought Bitcoin since 9/17/2017 are UPSIDE DOWN on their purchase. There have only been 5 weeks since then that Bitcoin has traded lower than it's present price, and all of those have been in the last 2 months. To top it off those prices haven't been much lower than the present price (meaning not much of a gain has been possible).

Following the 90/10 rule, a mania object will lose lose 90% of it's gains once the mania ceases leaving only 10% of the gains, AT MOST. With that knowledge one can easily calculate where a solid basing area for Bitcoin MIGHT come into play.

Weekly price high $19,065, the old long term basing ares before the "Bubble" was in the $600 to $950 range, so let's call it $1000 for shits and grins, leaving a BUBBLE GAIN of $18,000+-. 90% of that is $16,200. 19,065 less $16,200 gives an indicated HIGHEST LEVEL potential pricing base area in the $2,850 range, but it could easily be lower. (That is still a solid $1000 below the current level). Bitcoin could easily go all the way back to it's old basing area of $600 to $900 before it hits a solid foundation.

If you analyze risk, even if one believes in Bitcoin, one should NOT invest in Bitcoin until it hits that potential base area $2,850 (preferably lower), otherwise your RISK for further declines is way too high on a "risk adjusted basis".


(in my review of major "mania's" over the centuries I have noted that some go all the way to ZERO ... only those with real economic substance can really form a "Base" and SLOWLY start back up from there. To add further ... usually the collapse off of a bubble top takes 24 to 60 months, with most of those collapses bottoming in the 36 to 48 month range)
 Quoting: Midwest Skeptic


hesright
 Quoting: Anonymous Coward 70799888


$2,850 Could happen indeed.
 Quoting: Anonymous Coward 77069094


fwiw ... one also HAS to look at the TIMING for the bottoming of the object of a Mania. IMO we are still WAY TOO EARLY on the timeframe chart for a solid bottom of this Mania to be hit.

Those that look at price alone are missing the entire psychology of the group of people who "invested" in the mania object, and when they psychologically FINALLY throw in the towel on their "investment". A solid base can NOT be formed UNTIL the mass of investors psychologically GIVE UP and throw in the towel on their losing investment ... which requires the passage of time. (which probably means a base area closer to it's old base area than at the $2,850 level)

Last Edited by Midwest Skeptic on 02/18/2019 06:08 PM
Midwest Skeptic





GLP