Do we know when the first ETF will launch? I think that could be the thing to propel us to alltime highs.
GoPro went public last Thursday and increased >30% in a matter of 2 days. The stock market is still in full bulltard mode; I hope bitcoin can IPO while it lasts.. |
|
|
|
This is insane.  Maybe it's someone who found an exploit in the lending system? I read that there were some shenanigans going on there a couple of days back.. |
|
|
|
did btc just fall below the very long term uptrend? :/
Yeah....and on low volume! If we have slipped -$20 below the Jan 2013 support line on this sort of volume, I wonder how low we could ping when a bout of panic selling kicks in? Looks like yet another time where I have called the market correct yet stand to make no money. I was short. But unfortunately I was short on Bitfinex whilst market was still consolidating and was also foolish enough to set a stop loss providing Bitfinex with all the tools it needed, to farm my Stop Order along with a whole bunch of other Stop Orders. Indeed, because of the shady way that Bitfinex front run clutches of Short Stop Orders and then sell back to them at a higher price, on this occasion, I have called market correct and actually lost money. How can exponential growth in price be a "trend"? Get real ppl.. |
|
|
|
Come on, one more spike down so I can get me some moar.
This FBI thing is NOTHING to be scared about. I consider it bullish, but I consider everything BTC related bullish due to the fact that IT'S BITCOIN and ANTI-FRAGILE.
I think the main fear is that this auction is to test the waters for the sale of the 144k or so coins from SR |
|
|
|
Those ppl were asking for trouble |
|
|
|
so when will we see moon again ?
When annoying spammers like you give up :-) |
|
|
|
|
Thinking that you can glean anything about the future bitcoin price based off information that all market participants can see (order book, number of swaps, etc) is a mistake.
|
|
|
|
Oh, and please reply with your call so I can belittle it too.  80% long |
|
|
|
Today could very well be the top of the S&P 500...
...
Not good for Bitcoin.
How many shots will you take before you give up? by the way: I'm short the S&P too and hurting! |
|
|
|
monkey says down a bit now, intraday. still looking for daily gains through late next week.
in case you care: monkey thinks the s&p is very, very toppy here on a daily basis (monkey starts to buy vol over the next 2 weeks, makes diagonal puts with weekly options) and yet wants to buy USDJPY later today for a Monday reversal. monkey is contrarian on TSYs and wants to buy some now, some more in a few days, to sell late next week or early the following week.
Me likes that monkey. |
|
|
|
don't forget bail-ins.
and then pension raids.
those will be coming too. all in the name of propping up debt based speculative investments.
Just the thought of this makes me so bullish on bitcoin that I can't see straight. The eBay/paypal news is nothing compared to what the Europeans are about to pull  |
|
|
|
|
I think this news is more bullish for bitcoin than the eBay stuff
|
|
|
|
|
In the meantime chinese exchanges are catching up with bitstamp. These walls could be an arbitrage effort.
|
|
|
|
|
I agree with the OP, I'd much rather have a strategic option position on bitcoin than holding a significant number of bitcoins outright. I can't hedge my risk this way..
I'm sure a lot more professional traders would be interested in bitcoin if it had a liquid option market.
|
|
|
|
According to the SP 500, I think we could have a few more months of positive movement in both markets before the big correction occurs, or at least a sideways direction. Thus, the SP 500, NASDAQ, and even Bitcoin could move up a bit more from here. Though, the start of the serious correction is near, so I can't feel confident saying Bitcoin will make new all-time-high's this year.
That's already a lot more nuanced, thank you. |
|
|
|
|
So... today we have the Nasdaq smashing to new highs and bitcoin getting a dip, where's the correlation now?
|
|
|
|
I am anticipating a choppy but overall gentle ride down to around $530 over the next couple of weeks, gentle in Bitcoin terms at least. Thereafter, I would be very surprised if Bitcoin didn't start rallying back up to $50 or so past the previous high. I don't think the primary bear market is through, but as I have been saying for some time, I reckon their is more upside to come in medium term than downside.
This is exactly why this rally might go on for a bit longer; people are still in disbelief that we're actually going up again. |
|
|
|
|
Show Posts
