I'm leveraged long and this is the worst day of my life. If 430 doesn't hold, why, I just don't know what I'll do.
Maybe you will stop posting in this thread?
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Follow the weekly Bitstamp chart. If it closes green for 6 times in a row, we are on bubble territory (currently 4 consecutive weekly greens). If we instead end this week in red, there is nothing to worry.
IF we get 6 greens, this means we can go on for a long time still but watch for a blowoff top and trade accordingly.
The methodology worked perfect in the latest 500 spike, and you can easily check a very good match with all previous bubbles as well.
First TERA and now Risto- we're getting the band back together! no better indicator of a bull market than old-timers becoming active again Hold on there, Pardner. Don't confuse cause and effect. All that means is the price is higher. The bull market isn't really back until the ATH is topped. That won't happen without a scaling fix because long before we get to four digits, we'll slam into the 1MB blocksize limit. When the blocks are totally full, the fees could go up 100X what they are now because there is only enough capacity for ~600,000 transactions per day. That's it, no matter how high the fees go, there won't be enough capacity for each of us to have even one xation/day each. NO MATTER HOW HIGH THE FEES GO. You don't wait until the snow starts falling before you start chopping firewood. It's coming. We will see. I am not so pessimistic about the issue of scaling. Guess I simply have more faith in the ability of decentralized systems to provide adequate answers for problems posed by the environment. Might also mean I'm more naive. For the time being I see price catching up with development of infrastructure and I'm cheering from the sidelines. And to be honest I feel like bull markets in Bitcoin started well before breaching the old ATH - that's just when they started to go crazy parabolic and made a new ATH within 2 months. Did you misspeak, ED? how could any of us be "cheering from the sidelines" if we have been involved in this Bitcointalk forum thread for more than a few months? Don't tell me that jorge took over your account for you to have devolved into an "academic interest in bitcoin?" Don't worry, if you ever need another explanation why the government & state suck I'm here for you It's just that I don't do much besides hodling and derping around on the forums. Well I did get a lot of people into Bitcoin so there's that. But sidelines it is. First row. With popcorn. Actually screw the popcorn give me beer. Well, we've already had a little back and forth in respect to some of the government-related discussions, so surely such a topic could come up again... if we were to choose to engage. But regarding your hodl strategy. Your registration date for this forum account is March 2013. That's a long time to hodl? Would you also accumulate a bit more BTC, or does your personal financial or cashflow situation make accumulation of more BTC less than practicable. For example, with me, through my two years of accumulating bitcoin, I have been buying with whatever spare fiat that I have and even allocating a budget and a plan for how much BTC I am authorizing myself to buy for any given planned period. I only recently started trading (since about October, when the price crossed over $250 for about the 5th time)... and trading has certainly opened up some new perspectives for me.... even though I started plotting out some of my trading plans in August and September (and initially allocating about less 1% of my total BTC holdings for trading, and then as the BTC price continued to rise, my allocation percentage of BTC trading continued to rise too (but probably still quite less than 10% of my total BTC holdings). The actual application of the trading plans (rather than the theory) have caused me to have to tweak my practices quite a bit and even figure out some strategies for considering making my practice comfortable for me and my situation. Anyhow, I am just thinking that many long term hodlers are also accumulating additional BTC at certain price points, at minimum.
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Wait, so we're below 440 AGAIN? How is this possible?!
You are a fucking goofball prophet, and each of your posts bring further supporting evidence of such a reasonable conclusion. FTFY ... That said, i'd be shitting myself right about now if i was leveraged long...
Will 450 hold?
Wait, so we're below 440 AGAIN? How is this possible?!
Yep... thanks for providing further evidence to support my earlier point. Only goofballs possess an irresistible urge to brag about stupid shit including their stupid ass BTC price movement predictions, as if they are some kind of "prophet." Get a life... oh, sorry, I forgot that you feel better if you were to receive some kind of direct recognition ... good job, Fisheater22, you are so wonderful!!!!! NOT
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Follow the weekly Bitstamp chart. If it closes green for 6 times in a row, we are on bubble territory (currently 4 consecutive weekly greens). If we instead end this week in red, there is nothing to worry.
IF we get 6 greens, this means we can go on for a long time still but watch for a blowoff top and trade accordingly.
The methodology worked perfect in the latest 500 spike, and you can easily check a very good match with all previous bubbles as well.
First TERA and now Risto- we're getting the band back together! no better indicator of a bull market than old-timers becoming active again Hold on there, Pardner. Don't confuse cause and effect. All that means is the price is higher. The bull market isn't really back until the ATH is topped. That won't happen without a scaling fix because long before we get to four digits, we'll slam into the 1MB blocksize limit. When the blocks are totally full, the fees could go up 100X what they are now because there is only enough capacity for ~600,000 transactions per day. That's it, no matter how high the fees go, there won't be enough capacity for each of us to have even one xation/day each. NO MATTER HOW HIGH THE FEES GO. You don't wait until the snow starts falling before you start chopping firewood. It's coming. We will see. I am not so pessimistic about the issue of scaling. Guess I simply have more faith in the ability of decentralized systems to provide adequate answers for problems posed by the environment. Might also mean I'm more naive. For the time being I see price catching up with development of infrastructure and I'm cheering from the sidelines. And to be honest I feel like bull markets in Bitcoin started well before breaching the old ATH - that's just when they started to go crazy parabolic and made a new ATH within 2 months. Did you misspeak, ED? how could any of us be "cheering from the sidelines" if we have been involved in this Bitcointalk forum thread for more than a few months? Don't tell me that jorge took over your account for you to have devolved into an "academic interest in bitcoin?"
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Wait, so we're below 440 AGAIN? How is this possible?!
You are a fucking goofball, and each of your posts bring further supporting evidence of such a reasonable conclusion.
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We are here. Long way to go is ahead. It is very difficult exactly to determine where we are at, while we are in it, and surely perspective regarding where we are "at" will depend on your view of the future of BTC.... to me, it kind of seems that on that particular diagram, we could be in the early "media attention" stage, approximately.
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I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.
not much shorts to cover I tried to close my short, but something is wrong at Bitfinex, didn't properly execute, so my profit is diminishing. Also doesn't look right at Bitcoinwisdom. That exchange just seems to be too fucked. They seem to have too many instances of "incidents," especially as soon as volume and/or volatility picks up, right when you need them to have a solid platform.
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Shorts are up 3.5k since the top. Longs at 22mil$.
Outwith Dec 2015, Shorts on BFX have never been so low in over a year. Longs are also relatively low, but you would have to go all the way back to March 2015 to find a period where long positions on BFX were comfortably lower than they currently are. But probs we need to be looking at CNY markets to get a better picture of this, as it is China that is driving BTC at the time being. Don't get correlation and causation mixed up. There may be some contribution of Chinese exchanges to BTC's price movements, but really overall Chinese exchanges are lacking a certain level of credibility to be true drivers of BTC prices in any kind of meaningful way.
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I hope bıtcoın prices, which has been linear this weekend, will be up and down prices next week. Because this stable condition isnt beneficial for everyone.
Agreed! Btc is, for lots of us, a speculation market, and it's really painful to see something like that not moving. And of course for all the people actually using and believing in btc potential it's a pain in the ass to see the price unable to go beyond the 450$. So let's hope it'll move! Though a stable price over time could be benefitial to btc community in the end, cause it would be more reliable! GET a GRIP!!!! These are not exactly perilous times for BTC and its prices. Priced have been in the supra $400 territories for nearly 2 weeks, and that is not a bad thing for those who are contemplating continued good future price performance for BTC. Yes, it is possible that BTC prices may go below $400 again within the coming weeks or later down the road, but certainly those of us optimistic about the future of BTC are not in a bad place at the moment, if you consider the past two years and even if you consider the past 5 years in light of a lot of the recent developments around BTC and the current public sentiments. Dude... calm down maybe? You express your interest towards btc stability and high prices. I express mine towards volatility. There can be no perilous times for btc unless a major flaw is discovered so I don't really understand what you're trying to tell me... Yes. I agree that there is likely going to be future volatility. Otherwise your apparent characterization of BTC prices being in a perilous place seems to be a bit out of touch with the real current state of bitcoin... which is generally volatile, but in a pretty decent position... especially after a recent (within the past 3 months) approximate 100% appreciation in value... NOT bad...
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I hope bıtcoın prices, which has been linear this weekend, will be up and down prices next week. Because this stable condition isnt beneficial for everyone.
Agreed! Btc is, for lots of us, a speculation market, and it's really painful to see something like that not moving. And of course for all the people actually using and believing in btc potential it's a pain in the ass to see the price unable to go beyond the 450$. So let's hope it'll move! Though a stable price over time could be benefitial to btc community in the end, cause it would be more reliable! GET a GRIP!!!! These are not exactly perilous times for BTC and its prices. Priced have been in the supra $400 territories for nearly 2 weeks, and that is not a bad thing for those who are contemplating continued good future price performance for BTC. Yes, it is possible that BTC prices may go below $400 again within the coming weeks or later down the road, but certainly those of us optimistic about the future of BTC are not in a bad place at the moment, if you consider the past two years and even if you consider the past 5 years in light of a lot of the recent developments around BTC and the current public sentiments.
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[more crazily formatted, incoherent anger]
What are you talking about? What conspiracy? What $450? What's wrong with you? Edit: OK, remember you now. ... [4] Don't argue with JayJuanGee. I think he has Assburgers.
To recap: 1. Never said that I sold at 450. 2. Never suggested a conspiracy. 3. You're unpleasant and also fucking insane. Enough. Welcome to my ignore list Yes, you can deny 1 and 2, but the substance of your posts speak for themselves.. in that you are either incapable of explaining yourself at best or full of shit under worse interpretation. Yes, from time to time, it can be unpleasant and maybe even a bit uncomfortable to engage in an actual substantive and meaningful discussion with another person on a quasi-anonymous forum rather than employing personal attacks... and then running away. hopefully, somehow your failure/refusal to engage with me regarding your prior assertions will either find you some solace or improve your abilities in the future to present your opinions, facts and/or arguments with a bit more coherence, but I must admit, I have a few doubts about your emotional stability, especially since you seem a bit less than capable in accepting a bit of a challenge to your presentation of information... you may be a bit too used to mommie pampering you?
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Couldn't they artificially pump up the price so all that mining hardware that must have cost fortunes, can pay for itself as soon as possible?
If they could, why didn't they do it before their hardware became unprofitable, to simply boost their profits? And why would anyone invest in a virtual asset which could be so easily manipulated? Because the mining gear that accounts for the 220 mil GH/s network hash rate increase, came online only recently. Probably early november.That investment needs to brake even fast. There is clearly demand out there, even at these prices but not to sustain it with out China's "help". So what you're saying is until now, miners could afford to make less money, but now that they're stuck with all the new HW, they have to get serious? Is that the gist of it, or am I missing something? Chinese exchanges are in business to make money. Miners going broke doesn't add any new tools to the exchanges' manipulation arsenal. If they could manipulate the price, they're already doing it. You are coming off as a conspiratory-ridden troller, and really not someone who wants to engage in any kind of meaningful way regarding bitcoin. If you really sold most of your coins at $450, like you said, and you do not believe in bitcoin, then get the fuck out of here and take your profits and invest in something more secure, in your opinion. What are you talking about? What conspiracy? What $450? What's wrong with you? Edit: OK, remember you now. ... [4] Don't argue with JayJuanGee. I think he has Assburgers.
I don't understand the purpose of your lame attempt at an ad hominem attack. Part of my earlier point was to attempt to get you to respond to your stupid ass internally contradictory position. On the one hand, you seem to be saying that you wuv u sum bitcoin, and you want bitcoin to succeed. On the other hand you are picking apart and emphasizing conspiracies suggesting that bitcoin is bound for failure due to Chinese manipulation - and at the same time conceding that you sold nearly all your bitcoins at $450 because you be hopen dat bitcoin be goin down a bit so u can pik up a few moar..... What da fug!!!!!! you need to be a bit more consistent no? you seem to wanna have your cake and eat it to, and you merely coming off as desperate, inconsistent and probably oversold.
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Couldn't they artificially pump up the price so all that mining hardware that must have cost fortunes, can pay for itself as soon as possible?
If they could, why didn't they do it before their hardware became unprofitable, to simply boost their profits? And why would anyone invest in a virtual asset which could be so easily manipulated? Because the mining gear that accounts for the 220 mil GH/s network hash rate increase, came online only recently. Probably early november.That investment needs to brake even fast. There is clearly demand out there, even at these prices but not to sustain it with out China's "help". So what you're saying is until now, miners could afford to make less money, but now that they're stuck with all the new HW, they have to get serious? Is that the gist of it, or am I missing something? Chinese exchanges are in business to make money. Miners going broke doesn't add any new tools to the exchanges' manipulation arsenal. If they could manipulate the price, they're already doing it. You are coming off as a conspiratory-ridden troller, and really not someone who wants to engage in any kind of meaningful way regarding bitcoin. If you really sold most of your coins at $450, like you said, and you do not believe in bitcoin, then get the fuck out of here and take your profits and invest in something more secure, in your opinion.
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I just want to see the same crash of btc price this Christmas Eve than last year, or the year before! Cause this flat and constant market is incredibly... boring... If you just want action, then why do you want a crash? have you failed to buy in for the past year-ish? or you just hating on bitcoin? We could equally experience excitement, if the price were to crash upwardly. no? Well no. I bought when it was low and sold at 450. So the best thing that can happen to me right now is to see price going down like hell so i can buy again =D But if btc prize go straight up I won't be mad, it will still be good as I always keep a few btc that I don't trade. But I want action It seems to me that if you have to talk your book like that in this thread - especially pushing for a downward BTC price direction, either you are merely trolling or hoping to get attention or you have oversold your BTC holdings and are too emotionally invested in the direction of your own BTC holdings. As you likely realize, a large majority of posters on this forum are heavily invested in fiat in a large number of ways, including probably their income (or their incoming cashflow) and maybe other investments that they may have made over the years. That's just the way of the world and our current state of affairs of the fiat dominated systems that currently we are in. Accordingly, many participants in this forum (except the trolls) recognize bitcoin as a potential viable way forward that has considerable potential for upward price appreciation. Therefore, our goals should coincide with accumulation of BTC based on assumptions of upward BTC price appreciation... and if we have been involved in bitcoin for at least a year, we should recognize that currently we are mostly in a bull market in the BTC world and it is safer to trade with that bull market in mind... and if we sell any portion of our BTC holdings to be cautious not to sell too much btc in order that we get too stressed out about and praying for BTC prices to crash. Actually, there are a considerable number of BTC investors who become too nervous to sell any BTC once it appears to be a bull market and stick with tried and true approaches of hodl, which may or may not be a bad idea - yet each person has to assess his/her own situation to decide what's gonna work for him/her. Anyhow, in the end, you can trade BTC how you best see fit, and if you feel good taking chances on the possibility of a downward crash in BTC prices, then that's your prerogative.
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I just want to see the same crash of btc price this Christmas Eve than last year, or the year before! Cause this flat and constant market is incredibly... boring... If you just want action, then why do you want a crash? have you failed to buy in for the past year-ish? or you just hating on bitcoin? We could equally experience excitement, if the price were to crash upwardly. no?
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By the way, the current pump, looks kind of nice, from my angle.
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It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price. You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.
Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket? No, I suspect it was a major part of the reason we were in a bear market, actually are still in a bear market at less than 50% of the ATH. Seems a fair conclusion that we have transitioned out of a bear mark maybe sometime after crossing $350 - even though we did experience a retrace of BTC prices that hovered mostly in the $320 arena for nearly two weeks... but once prices could not be driven below $320 in any meaningful and sustained way, that $320 resistance seemed to confirm that the transition out of the bear market ad been completed... Will we return to a bear market any time in the near future? Well that's another story..... For the time being, BTC engines surely do seemed revved towards going upwardly. Currently, I'm thinking that we are not going to see sub $350 no more, but... i've kind of lost some of my swagger.. because of my being wrong so many times in the past.
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