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i'm glad to see one response that said the situation was resolved successfully. unfortunately, i've seen WAY to many posts that are the opposite -- coinbase reneges on the reserve and refunds the money. i wouldn't deal with them to be honest.
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Username: InwardContour
Thank you!
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Username: InwardContour Thank you! Glad to try out your site!  |
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this correction today gives us some more steam. i think we will approach $500, and possibly break it, before seeing a real reversal. but who knows, it's bitcoin! we could be at $2000 in 3 weeks and i would not be THAT surprised.  |
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re one of the responses above -- coinbase is not a wallet. if we're going to call it that, it's a 3rd party wallet that does not give you control over your bitcoins. if anything happens to coinbase, your coins are in jeopardy. get your own wallet. qt, electrum, multibit -- all are great. encrypt it well and make backups.
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
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In other words, have we started capitulation? And the market is completely clueless about it yet?
I'm looking at maybe $470 at the outside. It depends—if we can pull back and recover it might go a little higher. If not, then we start going the other way. looks like we got that pullback and recovery! let's see if we can't hit $500 or so before a real pullback.  |
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is anyone receiving credit to their account? i have been posting in here for a couple weeks, but have never received anything. i saw lightlord pop in to say he would do it soon, but then he never did.
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Username: InwardContour
Thank you!
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Username: InwardContour Thank you! Glad to try out your site! |
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With big money coming in to Bitcoin now, plus China, I think a $300/$400 price tag is quite reasonable.
Most importantly, public perception is much different than 6 months ago. Bitcoin is no longer viewed as "the popped bubble" that clearly was a scam and dismissible. Bitcoin has surpassed the previous "bubble pop" in under 1 year. The technology is actually taken more seriously. People are taking the time to actually understand Bitcoin. This is easily observable in just the media's presentation of Bitcoin over the past few weeks. It's hard to think of a more powerful and motivating outcome, than something that fully recovers and surpassed a previous ATH in such little time. That is a serious statement to people on the outside. Public perception, when there's so much usage to gain, is most important. To dismiss it as so insignificant is, I think, a mistake.
Thoughts in context.
sure, this is true, to an extent, but much of this is perception in the context of a bull market. but this is how it should feel in a strong bull market. that's the exuberance. good news is that much better and bad news is that much less important. .....until reversal. Good luck locating a reversal. Here are some random possibilities: - Up to $440, crash to $150s, settle at $250 - Up to $2400, crash to $600, settle at $900 - Up to $500, sit in $400s for 3 months...? - etc etc .... We could be no where near a peak, and you haven't provided any quantitative evidence to suggest this is the peak. I'm holding long term anyway, so I could care less about when/where the "peak" is, and to what level panic sellers may, at any moment, temporarily crash the market to. You probably shouldn't be investing in BTC though if you're constantly haunted by thoughts of crashing markets. That can't be healthy. re peaks, i made no such suggestions. are you talking to me? constantly haunted? i was just talking about perceptions of the market. specifically, how people perceive the landscape in a bull market. it doesn't look so rosy when we see a real correction. when will we see it? i am not speculating about that so much. i was just talking about how the quote above is verging on "new paradigm" talk, which is only natural in a strong bull market. but that's why i take that thinking with a grain of salt. sure, it's true, but people are vastly overstating the speed at which the BTC infrastructure and economy is maturing. because they want to explain a 600-700% price gain over a few months. i am not worried about btc crash, haha... |
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watching the exchanges last night, any sell candle for 1000 to 2000 BTC would drop each of the 4 big exchanges prices approx 5 to 7% - so any sale of 1/50 to 1/100th of 1% of BTC coins in existence drops the exchanges 5 to 7% - which is totally nuts. You all skating on ice that is about 1 atom thick.
Exactly like stock market. I do not worry too much about exchange rates volatility, 1 BTC is still 1 BTC tommorow exactly, which is why i would like to sell on the way up and buy more tomorrow on the way down! |
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In other words, have we started capitulation? And the market is completely clueless about it yet?
I'm looking at maybe $470 at the outside. It depends—if we can pull back and recover it might go a little higher. If not, then we start going the other way. yikes! thanks for your input. do you take EW theory into consideration at all? i am trying to figure out if the next correction is wave 4 or ABC corrective... |
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Bitstamp.net for amounts below $1000
Btc-e.com for anything above $1000
Explain why this is true, I think I'm missing something. btc-e = much lower trading commission Thank for the answer, one last thing, is it fast?
I mean, when I buy or sell, is it fast or there a delay? And what about MtGox?
I use btc-e. Order execution is instant once buy and sell prices are matched.yeah, trade engine actually works. i was tired of bitstamp fucking me with their horribly written engine that just like to skip right over my limit orders |
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With big money coming in to Bitcoin now, plus China, I think a $300/$400 price tag is quite reasonable.
Most importantly, public perception is much different than 6 months ago. Bitcoin is no longer viewed as "the popped bubble" that clearly was a scam and dismissible. Bitcoin has surpassed the previous "bubble pop" in under 1 year. The technology is actually taken more seriously. People are taking the time to actually understand Bitcoin. This is easily observable in just the media's presentation of Bitcoin over the past few weeks. It's hard to think of a more powerful and motivating outcome, than something that fully recovers and surpassed a previous ATH in such little time. That is a serious statement to people on the outside. Public perception, when there's so much usage to gain, is most important. To dismiss it as so insignificant is, I think, a mistake.
Thoughts in context.
sure, this is true, to an extent, but much of this is perception in the context of a bull market. but this is how it should feel in a strong bull market. that's the exuberance. good news is that much better and bad news is that much less important. .....until reversal. |
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i don't mind anything in 70-90 range. 90 is what i start considering actually oversold in a strong rally. it is above the 90 level that we usually see big correction, no before. |
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Username: InwardContour
Thank you!
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Username: InwardContour Thank you! Glad to try out your site! |
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Can any moderator look into this. I mean there must be surely some way to turn this back to working state.
i think theymos is still assessing how to move forward after the attack.... otherwise we would have had them back by now. (shrug) no idea though. i obviously don't have one either! |
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The current tallies suggest the amount stored at inputs.io was a pittance compared to coinlenders. If TF couldn't afford to fully reimburse the inputs accounts it bodes ill for prospects at coinlenders.
this has been my feeling. TF has not been forthcoming at all about this, and everything points to bad, bad things. |
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indeed, i have some joints rolled up of some very special herbs for this occasion. let's go bulls, here we are at $395 gox again. almost there now!  |
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