Short term false breakout, target: $138.
Hmmm...did you not quietly adjust the target.   LOL, still BTC1,500 short. Now I'm bailing out with ladder that increases 0.7% per hour. Either I get to buy back at a slight 15-99% loss, or bitcoin's price will rise faster than that. If the latter is the case, in June 8th, it will be at $300k (my target) and then I will just say f-k it, and invest my dollars in something else. For the last 7 days, I have been more busy giving bitcoins away than earning them. It is indeed helpful to understand the exponential function. Otherwise you end up trading based on emotions, and there are already enough dead bears. Why did you not use your own advice? https://bitcointalk.org/index.php?topic=174620.msg1927726#msg1927726Selling with a predetermined schedule, my experience is that in the end you will more or less get back at a cheaper price, though I am not sure after bears have blown so much wads. By "short" I do not mean a net short, I mean "I currently have BTCX less than the highest amount of BTC I have ever had." I do not intend that metric to go to BTC2000 or more in the near future. Even if it does, I am still net long, and I have a double problem of having invaluable BTCs and too much dollars that I don't know what to do with them. Gox won't let me withdraw more than $10k per day. The latter fact practically ensures that BTC can never go down, only up. Well, I utilize a similar method to you without being bearish, and I never sold more than 10% of my holding, I just think selling with a predetermined schedule is better than trying to call the "top". |
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Short term false breakout, target: $138.
Hmmm...did you not quietly adjust the target. LOL, still BTC1,500 short. Now I'm bailing out with ladder that increases 0.7% per hour. Either I get to buy back at a slight 15-99% loss, or bitcoin's price will rise faster than that. If the latter is the case, in June 8th, it will be at $300k (my target) and then I will just say f-k it, and invest my dollars in something else. For the last 7 days, I have been more busy giving bitcoins away than earning them. It is indeed helpful to understand the exponential function. Otherwise you end up trading based on emotions, and there are already enough dead bears. Why did you not use your own advice? https://bitcointalk.org/index.php?topic=174620.msg1927726#msg1927726Selling with a predetermined schedule, my experience is that in the end you will more or less get back at a cheaper price, though I am not sure after bears have blown so much wads. |
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So "Speculation" certainly seems like the most suitable place to post this, Aha? |
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I too wouldn't touch paypal but the influx of people using BTC would be huge...
Oh yeah, totally agree. I am happy to see it for that reason. People are free to use Paypal all they want. I just wouldn't go near them... The key here is the publicity, rather than convenience brought by such a move: if both WU and Paypal start supporting Bitcoin, all those Ponzi scheme/fraud talk can GTFO. |
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For all they have done I will give my forgiveness if they enable funding exchanges through Paypal again. |
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Seems that things have changed a lot since 2011.  |
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Have the Gox changes actually gone through?
I don't know, they handled the 500K BTCs crash without a problem, yet they seem to be lagging here and there right now when orders with insufficient balance are already banned and volume is not high. |
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Short term false breakout, target: $138.
Hmmm...did you not quietly adjust the target. |
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I like this one better:  |
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I've turned from short term bear to short term bull, the constant price gains set a mood of regaining confidence, generating buying spree and hysteria to hop in the bandwagon until the next bubble burst. $200 here we come! "Return to normal"  For a lot of people 'normal' never left, haha. I've seen bitcoin do these mega drops like four times now over the last couple years. We'll see how this plays out but a continued rise wouldn't surprise me. For a lot of people it's either "delusional", "denial" "return to normal" or "despair". |
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~BTC4k dump
it will go up again... and if this guy sees price goes up.. he might wanne buy in again or at least some part of it.. 160+ seems possible.. then again.. this is bitcoin! got a stop order way below just in case but i have faith in our us friends for now. And this... How do you place stop loss order at Gox? It's crazy you cannot do it, anybody investing serious money needs that kind of tools. cavirtex has that. Yeah, but came on... Who is Cavirtex? Would you wire them a couple millions? If you have got a few million, you shouldn't use the Web UI, get someone to setup a bot for you. |
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Only 7800btc to get through 150. A lot of that wall disappeared in the last 5 hours.
Some of them actually got sold into the bid side I believe. |
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That's true. The system is fucked up also because it is so difficult to "cash out" a significant amount of money. Have you ever tried to cash out something above $500k from Gox? You can bet it is a fucking pain in the ass. Big commissions, painfully slow verification process (notarization, apostille, huge queue, etc.) and HUGE DELAY in processing withdrawals. When you made $500k from your $20k investment you are not used to move that amount of money, thus you get nervous when you see your money is stuck for 20/25 days at a Japanese company run by a guy in his 20s, constantly hit by DDoS and apparently unable to manage their own growth.
For serious money (i mean serious money) to enter BTC we need much more reliable infrastructure.
It's not just the problem of Gox, every bank wants to restrict you when it comes to withdrawal of money, they usually only keep the minimum amount of reserve required so it will always be a PITA. Well, that's true if you want CASH from your bank - but when you are moving "electronic" money from one account/bank to another you don't need more than 2/3 business days, many times with 1 day is enough, and its very unlikely your money will never go through. With Gox you may have to wait for almost a month with your withdrawal on "processing", and the fear the money will never come out because of hack, shut down by law enforcement, scam, whatever, is high. For small account holders like me, definitely that's the case. But I am not sure if they would still be so generous if I were to process tens of millions of dollars worth of withdrawals per month. But yes, it's quite obvious Gox can't keep up with it as well. |
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This is quite scary. Let's analyze the facts: - the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
- there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)
I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline. IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC. The google thing isn't all that surprising. People saw the price drop and lost their excitement. It'll come back eventually and many will have missed the train. Well, people loosing their excitement is a fact; people coming back massively after a "cool down" and a growth in fundamentals (more bitcoin businesses, etc.) is also very probable. But this does not invalidate the fact that this short term rally seems unsustainable and a trap. Investors who were delayed by the queue at Gox and got their money in after the crash (we are speaking about MILLIONS of $ and many thousands of individuals) are not going to be in the mood for "buy and hold" like at the beginning of the bubble. Again, the market is so illiquid that a big dump can take us all the way back to $50ish in the blink of an eye. And I don't see the enthusiasm to prevent that from happening. In the blink of an eye and then get really scared when you find out you just sold at $50 and the bids don't nudge. 200 million dollars were spent on buying at $50-$100, that's about enough confidence I will need, and bears don't have a magic infinitely deep pocket, there are only so many bitcoins for sale. That's true. What scares me is what will happen when those who bought at $80ish to $100ish are going to cash out at $160 to $200. As I said earlier, the feeling is not any more "buy and hold" (which lead to parabolic growth), people is much more cautious now. If you are cautious, then I suspect you will not panic so easily and sell on a slight change of the wind direction, right? While smart investors usually initiate a crash, it has to be the panic sellers who execute them, no crash can happen without panic sellers, and they hardly buy back cheaper, else everybody will be a winner, so when they sold out they are out. I think even if the price moves down this time, it will be considerably less violent. The next panic sell will have to wait until after another crazy buying spree when irrational buyers put in what they can't afford to lose. Another thing is: the crash was only so crazy thanks to the characteristics of Bitcoin itself:the whole global stock can be moved to the exchanges for sale in a matter of hours, which is unprecedented, so bears won the first move, but after they get their fiats they will have to deal with the reality of the banking system:you can only move so much in a day, so what will happen when they wait impatiently while watching the price slowly rebounds? Hmmm.... That's true. The system is fucked up also because it is so difficult to "cash out" a significant amount of money. Have you ever tried to cash out something above $500k from Gox? You can bet it is a fucking pain in the ass. Big commissions, painfully slow verification process (notarization, apostille, huge queue, etc.) and HUGE DELAY in processing withdrawals. When you made $500k from your $20k investment you are not used to move that amount of money, thus you get nervous when you see your money is stuck for 20/25 days at a Japanese company run by a guy in his 20s, constantly hit by DDoS and apparently unable to manage their own growth. For serious money (i mean serious money) to enter BTC we need much more reliable infrastructure. It's not just the problem of Gox, every bank wants to restrict you when it comes to withdrawal of large amount of money, they usually only keep the minimum amount of reserve required so it will always be a PITA. |
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This is quite scary. Let's analyze the facts: - the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
- there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)
I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline. IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC. The google thing isn't all that surprising. People saw the price drop and lost their excitement. It'll come back eventually and many will have missed the train. Well, people loosing their excitement is a fact; people coming back massively after a "cool down" and a growth in fundamentals (more bitcoin businesses, etc.) is also very probable. But this does not invalidate the fact that this short term rally seems unsustainable and a trap. Investors who were delayed by the queue at Gox and got their money in after the crash (we are speaking about MILLIONS of $ and many thousands of individuals) are not going to be in the mood for "buy and hold" like at the beginning of the bubble. Again, the market is so illiquid that a big dump can take us all the way back to $50ish in the blink of an eye. And I don't see the enthusiasm to prevent that from happening. In the blink of an eye and then get really scared when you find out you just sold at $50 and the bids don't nudge. 200 million dollars were spent on buying at $50-$100, that's about enough confidence I will need, and bears don't have a magic infinitely deep pocket, there are only so many bitcoins for sale. That's true. What scares me is what will happen when those who bought at $80ish to $100ish are going to cash out at $160 to $200. As I said earlier, the feeling is not any more "buy and hold" (which lead to parabolic growth), people is much more cautious now. If you are cautious, then I suspect you will not panic so easily and sell on a slight change of the wind direction, right? While smart investors usually initiate a crash, it has to be the panic sellers who execute them, no crash can happen without panic sellers, and they hardly buy back cheaper, else everybody will be a winner, so when they sold out they are out. I think even if the price moves down this time, it will be considerably less violent. The next panic sell will have to wait until after another crazy buying spree when irrational buyers put in what they can't afford to lose. Another thing is: the crash was only so crazy thanks to the characteristics of Bitcoin itself:the whole global stock can be moved to the exchanges for sale in a matter of hours, which is unprecedented, so bears won the first move, but after they get their fiats they will have to deal with the reality of the banking system:you can only move so much in a day, so what will happen when they wait impatiently while watching the price slowly rebounds? Hmmm.... |
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This is quite scary. Let's analyze the facts: - the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
- there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)
I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline. IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC. The google thing isn't all that surprising. People saw the price drop and lost their excitement. It'll come back eventually and many will have missed the train. Well, people loosing their excitement is a fact; people coming back massively after a "cool down" and a growth in fundamentals (more bitcoin businesses, etc.) is also very probable. But this does not invalidate the fact that this short term rally seems unsustainable and a trap. Investors who were delayed by the queue at Gox and got their money in after the crash (we are speaking about MILLIONS of $ and many thousands of individuals) are not going to be in the mood for "buy and hold" like at the beginning of the bubble. Again, the market is so illiquid that a big dump can take us all the way back to $50ish in the blink of an eye. And I don't see the enthusiasm to prevent that from happening. In the blink of an eye and then get really scared when you find out you just sold at $50 and the bids don't nudge. 200 million dollars were spent on buying at $50-$100, that's about enough confidence I will need, and bears don't have a magic infinitely deep pocket, there are only so many bitcoins for sale. |
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This is quite scary. Let's analyze the facts: - the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
- there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)
I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline. IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC. The google thing isn't all that surprising. People saw the price drop and lost their excitement. It'll come back eventually and many will have missed the train. We don't need any more publicity I think, enough people are already aware of its existence, the important thing now is to get them to change their minds. |
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Some big folks really desperate to sell their coins at whatever price!
In what way is selling at the top of a 15% increase in less than a day "desperate" and "at whatever price"? Seems like straight up profit taking to me. Could even be the same people that started the rally. lol. If profit taking would matter, Wouldn't it be more profitable to expand the bids with walls than to eat down the ask side ? Bitcoin has got an economy, businesses need to convert their BTCs immediately from time to time. Yeah, maybe they sell in a urge, but certainly nowhere near desperate. |
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国内微博太搞笑了，有些所谓大V能够直接从壹基金接受捐赠联想到它是被共济会控制的。当然更多的是无脑喊泡沫操纵什么的。
等那帮人能醒悟过来，还早呢，这也就是为什么比特币市场还远没饱和。
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A less accurate/transparent but easier method is for the service to move their holding to themselves once per month, and publicize the transaction for everyone to see.
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