Reply With Quote
Site Information
About Us
- RonPaulForums.com is an independent grassroots outfit not officially connected to Ron Paul but dedicated to his mission. For more information see our Mission Statement.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Nice chop up. Some more sideways for a few days now. Bears wait at 260-280, but that could still be a nice $20-$40 profit per coin.
do you guys think btc and the more prominent altcoins will rise again, perhaps not to what they where before, but lets say that btc will hit at least 600dollars before the end of this year?
More than double by the end of the year? Highly unlikely- for any type of asset or investment.
In the land of bitcoin anything is possible. 450 has to be cleared first before 600 can happen. There will be more rollercoasters moving between the 100 to 300 range for a while, IMO. Volatility has slowed down but still massive on a zoomed out scale. And that is considered our new sideways movement on the 1d chart. Try to play the swings to hoard for more BTC. Spend when you want/need to on the up-swings.Originally Posted by btcltc
As for alt-coins, there will be more wild swings but they are less predictable since they are easy to move for big BTC holders. I think alt-coins will have no unique utility-value in the future once blockstream arrives at the beta stage for bitcoin sidechains. Ethereum has something useful called DApps but people are saying it isn't rocket science and will just be copied. Same goes for "smart" contracts.
Bitcoin is not like any other investment what-so-ever. There are no stock splits or reverse stock-splits. It's a never-ending global IPO that anyone can be part of. Not just a select few. And each "share" also doubles as a transmission of value for purchasing goods & services. No stock can do that.
And the 14m current supply being eaten up among a possible 2b internet connected people is nothing I would bet against.
99.98% of the global population was not involved to push BTC to $1200 for the first time. The possibilities are staggering if you think about it.
Last edited by muh_roads; 05-24-2015 at 04:18 PM.
You are right. It was a small number of speculators trying to make a buck off of it. The bubble has since burst now that the novelty has worn off and the speculators have mostly cleared out. I would not expect any similar such rush to occur in the future.99.98% of the global population was not involved to push BTC to $1200 for the first time. The possibilities are staggering if you think about it.
Last edited by Zippyjuan; 05-24-2015 at 04:27 PM.
Which is why 2015 has seen more venture capital than ever before?
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
And yet the price of BitCoin has barely moved since the beginning of the year. It is less than half what it was a year ago ($241 vs $570).
Surely all that investment would lead to more demand for BitCoins and a higher price for it.
Last edited by Zippyjuan; 05-24-2015 at 04:35 PM.
Read more: http://www.investopedia.com/terms/a/...#ixzz3b68cx7A1Accumulation
Large investors and financial institutions are limited in their ability to move in and out of securities because they deal with large numbers of shares that would drive the price of a security up if ordered all at once. In order to buy their intended number of shares, institutional investors spread their accumulation of shares over a period of time.
Follow us: @Investopedia on Twitter
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Doesn't apply to BitCoin. BitCoin isn't a stock. It is more like a commodity like gold or oil.
accumulation doesn't apply to bitcoin?
teach me more wise wizard
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
How much in BitCoins are major investors accumulating?
At the very least, I would suspect those who purchased 40,000 BTC blocks of coins at the last auction are continuing to buy support their investments.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Divide 21m total by your personal holdings and the resulting number means you own 1 piece out of 'X' many pieces in the global bitcoin economy. Which basically also encompasses all $#@!coins and the cryptocurrency community as a whole since all of their value is pegged to BTC.
Most are trying for 2.1 = 1 out of 10m
Many are trying for 21 = 1 out of 1m
Some are trying for 210 = 1 out of 100K
Some are trying for 2100 = 1 out of 10K
A few are trying for 21K = 1 out of 1,000 (whales causing the most movement)
Some former FSP-NH / libertarians at the top like Roger Ver, Voorhees, Silbert, are 1 out of 100
The opportunity is still now before we're only referring to BTC as "bits" in the future.
Last edited by muh_roads; 05-24-2015 at 07:11 PM.
I KNOW RIGHT
image might extend off page; right click view image
GATEWAY TO HEAVEN
Last edited by presence; 05-25-2015 at 09:29 AM.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
The only thing that matters right now is SMA 5 and 15 cross on 3d chart; as long as its bullish you STFU and hold crypto.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
We will be the corrupt overlords of the future!!! Buy now, and join us or suffer in inescapable poverty..... The Tyranny will be delicious.
1 BTC will buy a president in 2030!
There is no way to know for certain, but in terms of market activity BTC/USD hasn't made new lows after the washout to $166 in January and that is an important piece of information. It means that someone or multiple someones are supporting the price. How this plays out into the summer is yet to be seen, but one can make some semi-accurate predictions in light of greater market theory to take some low risk positions.
Long-term market tops and bottoms occur because of huge shifts in supply and demand and can take many months (even years) to play out. How the smartest traders take advantage of these areas (and the general public's reaction to them) is the reason why the price does not immediately move to reflect this shift. So you get ranges after major market tops and bottoms where a lot happens behind the scenes with big money and huge numbers of shares changing hands. Once this is finished and the big operators are done with their campaigns, the price finally moves and you get a bull or bear market, depending on where you are in the cycle.
The cyclical nature of this buying and selling as it relates to human fear is really important to understand why markets do what they do.
eyes on your LTCBTC 30 minute
007600 last
consolidating and rising
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Anyway hopefully you guys aren't going too crazy during this quiet area of the market bottom. Not a whole lot of trading to be had even though I do have a long position open.
Wyckoffian logic says that this area of low volume/low volatility in the trading range is when most of the stock is now in strong hands. Everyone who wanted out is out, the punters are all waiting for a breakout, and a few interests are building up positions, further tiring out any weak hands who have stubbornly held on.
Here's a great video that uses supply and demand/composite operator logic to analyze the 10-month bottom accumulation in AAPL in 2002-03. It also covers Carl Icahn's accumulation (and subsequent distribution) of hundreds of millions of Netflix shares. It should give you a good idea of how the big professionals trade, what kind of volume they move and what happens when they take the brakes off to attract the general investing public... no doubt there will be similar interests entering the Bitcoin market if they are not already here.
25,000 LTC buy order just appeared at the top of the btce ltcbtc books.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
I'm looking for a strong breakout imminent to 0125 - 0150 range
0076 last
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
LTCBTC to 00776
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Decent action in many of the altcoin markets this past month. any ideas rumors theories?
"Government is the great fiction through which everybody endeavors to live at the expense of everybody else"
- Claude Frédéric Bastiat
I think bitcoin is re entering a long bull market again; money is moving into crypto; people are diversifying again.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
This certainly looks like the end of the bear market is coming with a swift outbreak over the downtrend, just as litecoin did last week. Does not mean a bull market will start right away, I expect more sideways movement for the better part of 2015. But this is probably a good point to buy. Price has been consolidating for weeks now. Most people with bitcoin are strong hands now. The hype of late 2013 is too far in the past, nowadays everybody who still has bitcoin is in this for the long run.
It's go time.
I'm calling a June LTCBTC price channel here:
BUY / HOLD 73 now
SELL 81
BUY 73
SELL 84
BUY 77
Then moon.
Last edited by presence; 06-02-2015 at 11:31 AM.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
I'm calling a June LTCBTC price channel here:
BUY / HOLD 73 now
SELL 81
BUY 73
SELL 84
BUY 77
Then moon.
revising that this afternoon
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
btce has been subject to ddos all afternoon 522 errors when you try to access now; its been down since 6:40 PM EST
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Posting Permissions
Connect With Us