Dont Buy Bitcoin - Prediction

[Sherb]

I remember reading something (or hearing...) about a guy who emailed something like 5,000 stock traders or something. For half he said "[STOCK] is going to go up today". And the other half he said "[STOCK] is going to go down today". The ones he was right for he kept in his list. The ones he was wrong for he took off his list. The next day he repeated the process. By the end of day 10, if it was a 50/50 split, he had five people he had emailed ten correct answers in a row to, and five job requests.

 

[jock3r]

and if we shouldn't buy Bitcoin, what else we should buy?

 

[BassTrackerBoats]

and if we shouldn't buy Bitcoin, what else we should buy?

Beanie Babies.

 

[BloodyNinja]

I remember reading something (or hearing...) about a guy who emailed something like 5,000 stock traders or something. For half he said "[STOCK] is going to go up today". And the other half he said "[STOCK] is going to go down today". The ones he was right for he kept in his list. The ones he was wrong for he took off his list. The next day he repeated the process. By the end of day 10, if it was a 50/50 split, he had five people he had emailed ten correct answers in a row to, and five job requests.

there's a great show by Derren Brown, which showcases this technic

 

[Total Noob]

Im expecting a big drop around 11th march - now would be a bad time to buy BTC imo. Hold or move to altcoins for now.

Aren't altcoins directly linked to BTC price? Last I looked into altcoins Litecoin was the biggest one and the swings were almost identical to bitcoin's. Has this changed? Genuinely curious.

There would be an obvious drop the following months or years.

BTC will only go up as the EU crashes down

 

[ThopHayt]

You don't need to be psychic to realize that BitCoin is on the high end of a trend that can't go on much longer.

-ThopHayt

 

[Total Noob]

You don't need to be psychic to realize that BitCoin is on the high end of a trend that can't go on much longer.

-ThopHayt

Why do you think that?

 

[Nut-Nights]

Why do you think that?

I love Gold.

 

[ThopHayt]

Why do you think that?

Look at the all-time chart... it is clearly at both an all-time high and at the top of a multi-year long rally. It COULD go higher... but I'd be terrified to buy in right now.

-ThopHayt

 

[Total Noob]

Look at the all-time chart... it is clearly at both an all-time high and at the top of a multi-year long rally. It COULD go higher... but I'd be terrified to buy in right now.

-ThopHayt

True, I'd also hesitate to buy in right now at the current price, I'd imagine it will drop short-term as well. Long-term though... up up and away

 

[ThopHayt]

True, I'd also hesitate to buy in right now at the current price, I'd imagine it will drop short-term as well. Long-term though... up up and away

Long term I view BC the same way I view gold... except with the possibility that governments might try to ban it in the future if it challenges traditional currencies. The Fed and the EU are greedy.

That concern aside its like gold, just buy low and don't make it more than a very small percentage of your overall investment portfolio. Right now the stock market is high though and so if BC, so most of you should be in a waiting pattern.

-ThopHayt

 

[tb303]

Aren't altcoins directly linked to BTC price? Last I looked into altcoins Litecoin was the biggest one and the swings were almost identical to bitcoin's. Has this changed? Genuinely curious.

What usually happens when bitcoin is high is people put some of that into altcoins that hopefully are rising. Then when the BTC price drops back you can buy again with the altcoin. That can cause what you noticed. Personally I stick a bit of the profit into altcoins when they are new with the hope it goes up a little. Ive not done much with litecoin so cant comment on that one but have a good feeling about DASH (short term at least).
https://poloniex.com/exchange#btc_dash

Theres a small chance the ETF will be approved in March. The price is artificially high due to people speculating on that right now so I think if it doesnt get approval the price will bomb.
If it does get approved who knows where it will end up! Also ETC coin is pegged to be the next one up for approval if that were to happen
https://cointelegraph.com/news/if-bitcoin-etf-gets-approved-ethereum-classic-etf-will-follow

Also expecting the £ to fall through the floor once artice 50 is triggered. Im hoping BTC is still strong at that point as I have faith long term in the £.

Long term I view BC the same way I view gold... except with the possibility that governments might try to ban it in the future if it challenges traditional currencies. The Fed and the EU are greedy.t

I cant see it being banned. People are starting to realize its not the just for anonymous criminal stuff. Hell its not even that anonymous when compared to others like Monero. SWIFT bank are looking at using blockchain tech as are a few others i think. Theres a lot of places calling it the new gold and I agree. Its not going anywhere at least until all the coins are mined but thats waay off.

 

[ThopHayt]

Also if BitCoin is meant to simulate gold, look at the 100 year gold chart. Right now in BitCoin reminds me of where gold was in the 1970's, VERY high. Look how long gold fell 1980-2000... scary stuff.

http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

-ThopHayt

 

[tb303]

Also if BitCoin is meant to simulate gold, look at the 100 year gold chart. Right now in BitCoin reminds me of where gold was in the 1970's, VERY high. Look how long gold fell 1980-2000... scary stuff.

http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

-ThopHayt

Look at it again but untick adjust for inflation. The actual value goes up its the economy that changed. Gold is a finite resource it should always be going up over time.

 

[Robin Sharma]

Brother Your Dream Came True

 

[Thatchman]

Given that Bitcoin is currently $5500 i think we can all safely say that......