/biz/ - Business and Finance

>>1150

lol

BTC under $600 is a good opportunity to buy. We'll be at 2-3k by the end of the year at least, most likely.

PPC's made a jump as well, pic related.

I can't believe I didn't realize bitcoin would have first-mover advantage. That was pretty obvious. Now that bitcoin's having a little respite from its bull run alts are being bought up. Currently things depend on how long bitcoin keeps hovering around 750 before resuming this bull run, the less likely it seems to break 800 the more uncertainty/profit taking will occur. If btc hovers here/breaks down, alts will be bought up, increasing the likelihood they'll get pumped along with bitcoin when it finally explodes past 800.

Bitcoin exploding past 800 would draw a lot of eyes to crypto-land, which is why I think alts will get lifted as well. Whales/market makers want to sell as high as they possibly can, and that is easiest done when there is the most traffic. As soon as you hear Bitcoin getting a lot of lip service on mainstream media, you'll know the time to sell for profit will be approaching, probably several months after. This things move very slowly, hell I've been waiting for this bitcoin pump since 2013, patience pays.

Also that 8-10 year business cycle or whatever it is causing stock markets to rise/crash every eight or so years. The matched timing on these markets is too uncanny to ignore.

Still, I was too arrogant with my PPC research that I totally missed the obvious fact that Bitcoin would have first-mover advantage. Missed out on ~70% gain over the past month. Disappointed in myself for that.

>>1195

You can still buy some cheaper altcoins if you want crypto exposure. Just look at the $USD market cap history to see how healthy it is.

https://coinmarketcap.com/currencies/vpncoin/

looks like $3m marketcap has been resilient. Good idea behind the coin, high daily volume, likely you can buy at $3m cap and sell at $10m+ in due time.

Honestly though movements of %200+ aren't unique to crypto; they happen all the time in the lower-cap stock markets, and almost all the time via options on leveraged ETF's.

tl;dr git gud, goy.

NEET from earlier in the thread reporting in, might as well post here again.

I've managed to do reasonably well over the course of a few months considering I'm not putting too much time into it, I've managed to make a bit of money and the only major losses I've taken (PPC) I managed to claw back. Whatever I did to make that happen I probably need to do more of.

I'm mainly in BTC at the moment, with a small amount in LTC and LSK while waiting to see what the market does. I had money in BTM as well but sold it off for 10% profit.

>>1197

man that hurt to read. Yeah, I got overly autistic about peercoin. I still think it's one of the safer coins for a set-and-forget type strategy (read: laziness), but yeah, all these coins will fluctuate, hence all of them are profitable in their own ways. Take profits often; just pulled %60 out of BitBay (52 sats to 85), got lazy and have losses on NEU and NSR. Rest are about flat, I didn't take profit on PPC when it blew up from 35c to 52c, wish i had, would've made a few thousand dollars. moonshots don't matter if you never take your money back.

Posting one of my favorite motivation stories, helps keep me committed to this.

BTC getting a smackdown, pic related is what i see.

If you don't have any BTC exposure and want some, now's the time to buy in. Pretty sure we're never going under 450 ever again, 450/630 = %29 downside risk.

I'm gonna buy some more around 580-590, and again if it gets closer to 550.

>>1201

Man bitcoin price is keeping really resilient.. given that i've misjudged my last few guesses on bitcoin dropping, maybe i'm underestimating its strength. Oh well. If you don't have exposure, you should get some. far more upside potential than downside.

i dunno if it's gonna keep going up but there's certainly been upward pressure on the price over past week. hard to time these things.

Huh, my previous post didn't go through, and the image has 'already been posted'… anyway, bitcoin price is being really resilient. Given the fact I underestimated it dipping the past few times… if you've no exposure, get some. Half in now, half held for later in case we do see some kind of correction.

ppc popped again to 51c, trying to offload some, again didn't have sell orders up to take my profits. But, looking at the overall trend, yeah, I'm still content to hold this position long term. All cryptos are going to boom, just find one with a small market cap and believable premise and enjoy the ride.

Compare PPC chart against LTC, which do you think has more potential for an upward explosion? Seems to me there's a lot more interest/appreciation of PPC, at much cheaper prices. The cheaper a whale's able to corner a market, the easier it'll be to pump it. Really, $10m market cap vs $250m, it's easily argued peercoin's more advanced than LTC, most coins use PoS for their network-integrity scheme, seems like an obvious bet to me.

Also, grabbed some more NSR at 90 satoshis. Still holding BAY, XCR, and BTS as my main plays, holding some token amounts of BCN, MINT, and XPM. Wish I had dumped XPM, I mean, it'll probably follow PPC yeah, but prime numbers? Who cares. Not really that interesting.

Good luck. Bitcoin's gonna be a great trade 2016/2017.

>>1206

>>1208

wow what the hell… 8ch bugging out on me.

Just saw coinmarketcap.com offers charts in $USD, super handy. This is probably the site i reference first when looking into altcoins.

Viacoin is looking like a decent bet, marketcap flatlined around $70k, recently exploded to $500k with respectable volume behind it. Missed that initial pump but this is likely just the start. A price around .000013-17/7-10c seems like a good place to go long. It seems like a respectable coin, around since 2014 and I haven't seen much negativity around it, also the developer is a contributor to bitcoin core and remains committed to viacoin, that looks really good. Apparently the max supply is 23m VIA, currently 21.46m in circulation, at a market cap of $300k that's pretty swell. This will likely pop hard. I'm going to look into adding this one to my portfolio, will start averaging in around 2100 sats, 1100 is best price.

>>1210

And another chart of VIA in $USD terms, wish I could've gotten the whole range in a bigger chart, kinda cramped.

>>1212

Strong buy on VIA, 1420 to 2473, wouldn't be surprised to see it continue falling to 950-1250 though since it was just a single stab up, buying pressure doesn't seem to be keeping up. I think a whale just wiped out whatever asks to add onto their position, of course they still want to build up cheap, letting the coin languish for a while will make weak hands place more low asks. I bought some at 1666 a few days ago, probably too soon.

NSR also got a bit of a liftoff from 57 to 71, nothing major but notable. I was way too early buying at 100, added more at 77 and 64.

I've started to enjoy waiting, hopefully this pays off.

lol, my abortion of a thread is still here. my trading has actually gotten better once i stopped trying to chronicle every single thought i had.

worst mistake i made was not keeping %50 of my acct in bitcoin to hedge altcoin volatility, left my portfolio prone to too much risk essentially.

been flipping NSR with good results, and NEU recently jumped nicely, that's about it. Didn't dump XCR in time and sitting with a loss on that I should've easily avoided. I probably place a few trades a month.

still got my ppc stash, pic related is the current setup I plan to utilize. so long as it gains appreciation similar to litecoin (very likely imo), following this chart you cannot lose money. it'll probably take 2 years at most for this to play out. i'm gonna be buying more if it gets <=$0.25.

>>1282

Buying more ppc around 22-24c, avg cost per ppc is about 33c. stings, but i'll bear it, I'll probably sell some around 55c and try to double up around 30-40, will have to wait and see if i can pull that off.

Bitcoin around 650-680 is attractive. Just got dumped to $670 today from 700+. Under 680, weak hands get scared and throw up more asks, whales build a stronger position cheaper. Pic related is what I think will play out, at worst could see a power dump to/under 630 but i doubt it'd stay there long, much like the dump we saw to 470 a while ago which only lasted for two minutes (despite how it looks on the chart, i was watching the market then, definitely only stayed at 470 for all of two fucking minutes, so.. pretty silly). from 680, at worst 590, ~%15 downside, not terrible.

Plan to dump %50 my bitcoin around 2400-2700, my guess is q2-q4 next year at the latest, holding the other half for any SHTF scenarios we may see in the dominant bond/equity markets, hopefully can sell for >$5k but yeah that's hoping for some kind of 2008 crisis occuring again. Which is probable, ZIRP/QE ain't accomplishing shit and we're gonna need a huge load of inflation to pay that debt off.

Good luck out there faggots.

here's TA on bitcoin for the next few weeks

I think we'll touch 680 again, if it breaks 670 could easily get to 655. Might see a grab to 730, gotta get over 750 for FOMO buying to kick in, but I think we'll sit in this range a while so bid/asks can re-acclimate after such volatility. Highly unlikely to break 570. 680 is a safe entry.

kind of a critical moment for coins, bitcoins either going to 808+ or we're getting some bullshit dump, have some bids <737 in case it does.

also note how altcoins react. bitcoin up and altcoins up is a very good sign. i'm bullish bitcoin right now, if alts continue to dump as bitcoin rises they'll be left to settle for a while. stay %50 in bitcoin.

bitbay has been noticeably resilient during btc's relentless appreciation, have some bids between 120-82.

also, absolutely rookie mistake, i haven't been using stop-losses, if i had i'd be in a lot less pain right now. i really wish i could go back ten months and beat myself for not doing so. absolutely stupid mistake to make. use a stop-loss.

nocoiners will never have justification. bitcoin is the shit.

OP looking pretty clever right now, I'm still sticking to my 2400-2700 sell target.

peercoin price has been moving in sync with bitcoin since it crossed 900, good sign. 22-25c is cheap. now is when you'd want to start building a position in altcoins.

pic related is worst i see, if it dumps i doubt it'd go lower than $818. if it dumps. not really sure what it's going to do tbh, i still recommend buying peercoin for the value.

I'll probably take a little profit on ppc around 52c, mostly planning on selling %20 at $1, $2-3, $5-7, then holding the last %40 for whatever scenario.

i should've taken my working capital back out in august when ppc hit 52c, that way any ppc leftover would've been free, thus inconsequential of price movement. excellent rule to adhere to, when managing risk & profits.

>>1329

Pretty sure things are going to take off soon, bitcoins quick recovery's after getting dumped is exciting, asks being taken again and again, seems to be in enough demand.

ppc at 30c, hoping to lock in some profit >50c before summer, planning on selling most for $1+ later this year.

Fed is intent to 'normalize' our interest-rate driven economy, while JCB and ECB continue to rely on trashing their currencies to keep their economies from imploding from debt-obligations. Fed is purposefully tightening supply of dollars, this will cause the eurodollar market to freak out, and we'll have some kind of super-volatile event where the Fed gets to call the shots or else everyone dies. China will probably be blamed for it.

fiscal spending will flood the system with money and neutralize banks spending (plus they get to keep the stuff they bought). get ready for a volatile 2017!

PPC is getting shaken out pretty hard w/ bitcoin. And bitcoin might be lame until June, if/when Fed tries to raise rates/tighten dollar availability. if btc can hold 1750 i'll start feeling bullish on it again.

Under $1.5 would be nice price for PPC, anything between $0.80 and $1.2 is a definite buy, so long as things keep running smoothly.

Also, this was incredible:

macromarketmusings.blogspot.com/2017/05/dollar-domination-robot-monetary.html

SEVENTY PERCENT of GLOBAL GDP rests on the dollar.

Fed is literally managing %70 of the global economy.

Mission accomplished. And as they raise, the world will fall into line with global reformations. Gov'ts will have no choice but to pass bank-friendly laws or their economies will evaporate.

Really glad I studied this before going to college :)

>>1559

Jumped back over $2.. late bloomer compared to other coins. ETH about %2000 up from its low. BTS about %3300. PPC moved about %1260.

under $1.2 was indeed a definite buy. Gonna enjoy riding this through 2017/2018. All my shitposting in this thread is the difference between being early and being wrong.

And yeah to anyone shitting out hot stock trading advice, if you don't pay attention to the price you pay for something you're a sucker, plain and simple. Price & technical analysis is all you need, with a macro framework for knowing which assets to use long-term.

Good luck out there faggots. I'm buying my ass some real estate.. soon anyway. If the Fed tightens the dollar further this 13/14th that'll set in motion for a slow collapse of the international economy (%70 of which is dependent on dollars and living on ZIRP financing). If they do raise it should get volatile later this year, which will be when I'm dumping my coins and buying everything else cheap.

FUCK YOU WORLD, I WON.

>>1615

good timing faggot

>>1585

Fed continues to demand more for $, while every other currency requires zirp to continue operating. Yellen's calling the shots for the global economy.

respect power for what it is, i guess.

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>3 years later

Bitcoin = 12000USD

I don't see it can go any lower, well that wasn't that bad I think. I see bit coin is a medium of exchange but not a store value.

what do you think?

>>2626

Shes at $11,600 USD right now, going up.

I hope nobody sold, top Kek.

ppcfag here, bitcoin's looking pretty healthy despite that crazy shakedown to 6k. long term trend from april last year (starting around $1k USD) seems to have held. there's no real news for it to have crashed so hard. i think the market's slowly gonna get soaked up back to $20k throughout the first half of the year, then new highs afterward. god bless the controlled supply and massive demand.

currently up about %1200 on my position, ready to cash out if bitcoin turns under 7k again. as always keep your risk measured.

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