Sold of My Entire Bullion Collection In Order To Purchase BitCoins

Discussion in 'Bullion Investing' started by Tyler, Apr 1, 2013.

  1. losthomer

    losthomer Active Member

    Whenever Goldcollector post, I get a visual of Uncle Leo. Not sure why.
    [​IMG]
     
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  3. asheland

    asheland The Silver Lion

    Jerry, HELLO!! lol
     
  4. Michael K

    Michael K Well-Known Member

    South Korea discusses to not allow BitCoin trading.
    1 Bitcoin equals
    13400.00 US Dollar
     
  5. baseball21

    baseball21 Well-Known Member

    That would be a huge hit if they dropped it
     
  6. asheland

    asheland The Silver Lion

    Bitcoin price seems to have hit a plateau.
     
  7. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Jus' sayin', the graph shapes ARE looking eerily similar.

    upload_2018-1-12_14-49-9.png

    upload_2018-1-12_14-49-46.png
     
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  8. Santinidollar

    Santinidollar Supporter! Supporter

    I won’t predict what that chart means for Bitcoin, but it has been applicable in the past to all asset classes.
     
  9. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    And you thought bubbles were spherical...
     
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  10. Michael K

    Michael K Well-Known Member

    1 Bitcoin equals
    13872.99 US Dollar
    While it appears to have stalled, this is my feeling. While I personally believe BitCoin is worthless, I think the value is going higher.
    While it has stalled (or plateaued as V. Kurt has said) the reason I think it is going higher is the irrational way that prices move on securities. As soon as it starts going again, everyone who is on the sidelines watching what is happening, is going to jump back in driving the price higher.
    Using the stock market as an example. It should be valued/ built on fundamentals. Earnings, etc. But it isn't. The stocks go up on news, and the stocks go down when people panic sell because prices are going down.
    The same irrational phenomenon will happen with this. Either some good news will spike the price, or once people get off the sidelines and start buying again the prices will go back up.
    During the day that South Korea said they are considering to not allow trading in BC, the price went down on that news. No fundamentals drove it down, just the possibility of bad news. The same thing will drive it back up.
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    Pretty sure Bitcoin came out of "stealth phase" long before the left edge of that chart.

    Want to see a couple of other "eerily similar" charts?

    btc-2012-2013.png

    btc-20101001-20101111.png

    If you want to heap scorn on "technical analysis" (as I do), you can't turn around and point to "chart similarities" as an indicator of what's to come. Just sayin'.
     
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  12. Michael K

    Michael K Well-Known Member

  13. Bman33

    Bman33 Well-Known Member

  14. Michael K

    Michael K Well-Known Member

    1 Bitcoin equals
    11662.05 US Dollar
    Someone is getting burned on this.
     
  15. baseball21

    baseball21 Well-Known Member

    Two of the 5 biggest markets talking banning or restrictions in a short period of time = price crash
     
  16. Santinidollar

    Santinidollar Supporter! Supporter

    Have read quite a few stories lately about “big money” shorting bitcoin heavily. Although I’m not a bitcoin expert by any means, such a scenario with a stock often means real bad price trouble.
     
  17. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    It momentarily went UNDER $11K, but bounced off it. It's flirting with it again.
     
  18. Bman33

    Bman33 Well-Known Member

    $10,407.57 As I type, down 23%. Ouch. My twenty dollars invested in Bitcoin is not bothering me.,, lol.
     
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  19. Michael K

    Michael K Well-Known Member

    Wow
    1 Bitcoin equals
    10515.22 US Dollar
     
  20. baseball21

    baseball21 Well-Known Member

    If China does actually crack down on it instead of just talking about it you can go ahead and move the decimal point at least two spots left
     
  21. Santinidollar

    Santinidollar Supporter! Supporter

    Somehow, I’m not sure how, my portfolio wound up with six shares of Sprint. I’d have to pay more than it’s worth to sell it. Still, it’s fun to watch.
     
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