It is quite risky to buy the Ethereum right now. It is better to wait after the soft fork and watch the market response.
There won't be a soft fork because of the DoS vulnerability, so it's going to be a hard fork or nothing now (it also needs to be activated within the next five days to avoid complications with splits from TheDAO). As mtnsaa mentioned, having 11+ million ETH unlocked will put downwards pressure on price. |
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Anyone know how effective leverage is on bitfinex?
If I open 3x leverage position here, the Margin call would be around $445 right? And what does it cost to keep a poisiton for a long time?
I don't know about finex specifically, but in most exchanges it adds up to about ~30% per year. Yeah, at the current rate of around 0.065%:- 1.00065^365*100-100=~27% per annum. Of course, rates can change if you need to renew the loan. They're currently over twice as expensive as they were earlier in the year. |
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Just wait until the halving is over and everyone realizes (just like LTC halving) that all price movements happened before the halving.
Then all sorts of "ddos attacks" occur as traders that were hyping dump hard on the future bag holders.
They will use any excuse to mask the obvious runs on BTC.
The man of incredible foresight speaks. Hey, is there any reason the last 300 of your posts are dots? Disgusted by the sight of your own history? |
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Anything above $500 is bullish because it's only a little over a month ago that the price went above $500 for the second time since September 2014.
Exactly! We're probably going into 500s, but I'm OK with that  This is MADNESS!:) no its controlled chaos...  no, it's easy money No, its, um... Matt Damon?  |
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the fact that i´m all in in bitcoin is of course a fucking stupid risk. but i expect to get rewarded big time. others will say bitcoiners were just damn lucky bastards. which is also true. if bitcoin does another 10fold, i´m out of the rat race 4ever.
generousness is the way to go. karma is bitch.
I jest, I'd probably donate them too. Good luck with the next bubble man. |
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That's wise yes. To be honest, ETH for me it's completely dead and you know how much I "hyped" it. However, I for one couldn't foresee all this DAO situation and how it just keeps getting worse. So in crypto you really never know. I guess you don't have faith in any altcoin but really, ETH was destined to be around $30 by this time (all based on potential and "hype" we agree).
Right now for me the project is completely dead in the water no matter what they do or it will take many months to recover slowly. What I don't understand is why are we still at $12.
Are you planning to buy back in if it starts dropping to $4-5? What's your bottom? Do you think ETH can recover? I'm sorry to ask so many questions but you seem to have a much more surgically approach (I know you are mostly a trader) and I'm more inclined to long term investment and long positions (within reasonable).
My thoughts are that, besides manipulation, price is being maintained at $12 by ETH holders in denial. They won't admit that it's over or that they made a mistake, so they refuse to sell, and may even buy more. Problem is, they cannot account for new issuance - which isn't being bid outside of their sphere - so price slowly grinds down in BTC terms on low volume. As price sinks, their doubts will grow, and one by one they will pop, which will continue and accelerate the selling into a crescendo. Provisionally, I would be looking for price to fill the gap at 0.0124 or continue down to psychological support at 0.01 for a possible entry. I would want to see big, high volume sell-offs to validate my moves, I'd then be looking to sell a rebound possibly to 0.015. Long-term, it's probably best to wait until it's going sideways on lower volatility to decide if you want to get back in or not, rather than trying to guess the bottom. I do think there could be another bubble out in the future though. Your strategy only works if the Ethereum survives the current crisis, the price will rebound. If not, the price will go lower.
Even if ETH is headed to zero, there will be rebounds based on the behaviour of its holders. I'd say I get it right about 8 times out of 10, which is enough. For the times I get it wrong, I cut my losses. I also think you're looking at different time scales to me - my best trades are the ones completed in a single day - NEM for example, has been fun  *nota bene: I'm not a professional trader, nor am I tutor, nor do I wish to be. |
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I approve of this message.  @yefi, you gotta accept your coin's dead. You are thinking of putting it up there. Don't deny the thought hadn't crossed your mind, yefi. https://youtu.be/Oqu0ogtqlQs?t=77lol, I'll grab a shovel and inter your pet bear that you've been flogging for the past year up there. Maybe he'll come back as TED. |
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finally... my 5 minutes of fame.  i admit that "680" sounds better as a winning guess than "680ish", so i would not be sad, if it is decided, that my entry is 2nd best and not the winner. on the other hand, i made my prediction 3 weeks earlier then bitnil... anyhow: if i win half the price i would like to donate my share to the next round of competition if there will be another one. it´s like piling up a jackpot. on top of that i put another 0.01 btc in the next jackpot to make it more attractive. kudos to everyone. every bitcoin hodler is a winner. hasta la victoria siempre. Damn it, you're giving old-schoolers a good name. Some of us are badasses and would keep all the Bitcoin for ourselves.  |
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I know it's not a new kid per se but what do you think about Factom/FCT? I think it can make some very nice gains in the next upcoming weeks/months after the halvening and with so much ETH fud ahead of us. It's a very simple project with high demand from all industries, very much undervalued if you take into account ETH is still at $12!...
My alt strategy is more about buying panic and selling the relief than about trying to determine which coin will be the next hot ticket, so maybe I'm not the best person to ask. Presently I don't have a 'hook' on FCT, so I'm not going to trade it. |
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Nathaniel Popper, who wrote the NY piece on Mike Hearn and that Bitcoin was dead, can keep churning out his bullshit for his readers for all I care. In fact, I hope he doubles down. |
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bitcoin isn't higher than yesterday. is crypto done??   LOL nice gif Ha ha, I thought that was just the old one, but yeah, that's a nice addition there |
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Wow, interesting news. Thanks for the link. |
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Price was precisely $681.32 on Finex at 12 P.M. GMT today, so whoever was closest to that wins. Okay, interesting result. We have two potential winners: Post #21 by 600watt on June 2nd for $680ish. Post #174 by Bitnil on June 22nd for $680. Not sure whether I'd accept an -ish, but on the other hand he did post it first. |
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What was the ICO price? 32-33k satoshi?
They raised 29,634 BTC in return for 85,000,000 Waves, so that's approx. 34,800 Satoshi per Wave. |
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To the minute eh? The rumors/posting were out hours before the jump, and the lack of any denial from the miners escalates the chance these events were correlated.
p.s. *gasps
Possibly, but the timing no longer coincides well. Also, such a development would surely instill uncertainty, which is not bullish. p.s. /me performs a tracheotomy to aid your breathing. |
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Time zones, no? It had already spiked to $660 on BFX a minute before the message was posted @ 12:34:05 UTC. p.s. Congrats on revealing your own time zone. |
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Anyone remember volume being this tremendously huge ever? I sure don't. Is it because Brexit?
I really think we're making history, gentlemen! This is our time to shine. Our children's children will study these days in expensive private schools some day.
Exciting!
Hopefully they won't study the Wall Observer Thread.  |
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I think it is important for the Crypto space to have a healthy Ethereum but I have to say, things are not at all looking good.
Imho crypto space doesn't care. Money will flow into the next new kid as always. |
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