Its obvious that buyer are afraid of whale, while whale are in constant bear mode which mean they have constant influx of coin, this will not change until next halving. i guess  Guess again. |
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Are you basing this trade on the technicals (last few months price points down), or the fundamentals?
If it is the technicals, why not take the last few weeks which point up, or the overall multi year trend which points at alpha centauri?
Genuinely interested why anyone would short bitcoin, a hyper volatile commodity with a history of increasing price tenfold, especially with an entry after a >70% decline from a recent ATH. Surely there are better entry points?
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Ha. 3D MACD going green. Looks like main engines are primed to me. Short away!
Predicting based on a macd is as accurate as throwing dice. You STILL did not notice that? Not sure that holds up to back testing there old chap. |
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600 lol
cant stay above 400 for more than few hours.
It doesn't seem to be able to stay below 370 for more than a few seconds either.. Edit: once a few more of you doomers are sucked in and go short, I expect a high volume breakout to squeeze things upwards. Sticking a line on bitcoinwisdom shows we only need to reach roughly 480 and the downtrend from the ATH is confirmed. A few more days of oscillation should do it. |
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Looks like bid support is piling up massively on huobi, too. Not long now.  |
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I wonder if adam could do a little poll.
What will we see first: 200 or 600.
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Ha. 3D MACD going green. Looks like main engines are primed to me. Short away!
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Shorts climbing again. Silly bears.
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When you don't expect it.
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Who knows in the short term which way the price will blow. But after a 76% decline good luck with that.
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When the ETF happens the price will rise significantly.
Why does everyone assume this will happen?? Why wouldn't it? |
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It is highly unlikely to take years, probably just a few months.
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The notion that they are competing against each other is silly Not silly to anyone who understand the concept of opportunity cost. I agree Gold and BTC serve the same purpose and yes by expending some time you may convince some usual gold purchasers to purchase bitcoin. But I think your time investment would yield a higher return if you convinced people to turn against less sound investments, because there sure as hell are plenty of them out there. This would drive both Gold and BTC up. I also think a fully hedged portfolio should be lined with Gold, you must admit bitcoin carries more risk than Gold. Bitcoin requires a working internet, Gold only requires a hand to hold it. There is room for both Gold and Bitcoin in a sound portfolio. There is *currently* room for both gold and bitcoin, sure. But if bitcoin proves to be resilient/successful, the argument for gold will be severely reduced. Bitcoin is a superset of gold. You can think of this in a couple ways; all the usual properties of money that gold is good at, bitcoin is better at. Or that gold is a physical manifestation of a decentralized ledger, and bitcoin is the far more efficient digital manifestation of the same thing. Once bitcoin has proven longevity, use for gold will be limited to: 1) industrial, and 2) hedging an extremely thin slice of the long-tail of possible disaster outcomes. I think it's far less of a practical hedge than most gold-bugs think it is, but yes, there are still some scenarios in which you'd want it (and in which bitcoin is useless). That said, it's tough to hedge for all those tiny-probability events, so it's not really worth thinking about that much. The question of how would you transmit wealth over 1000 years is interesting. Wences addresses that in his bitcoin2014 talk. Gold has obviously been the answer for the last 5000 years or so. I'm unconvinced it'll remain the answer. Humanity may just no longer have the ability to transmit wealth deeply through time anymore. The last 200years (last 100 especially) have been absolutely unprecedented in human history with regard to the pace of change and advancement. For the first time, it *is* rational to expect that things which have been constants for thousands of years will change in the next few decades. I agree with this post Melbustus. Whilst the pace of scientific change in the last 50 years has exploded, the limits of the human lifespan sadly have not kept up. We may be amongst the last few generations to not have access to life extension technology so for me at least transmitting wealth across millenia is a moot point. Unless we choose to do a Hal Finney and be cryogenically frozen. But I agree that bitcoin is an improved digital gold. Most of the world thinks of gold as valuable. That process is taking place for bitcoin right now. The great unanswerable question is how large a pool of wealth bitcoin can become in the coming years. |
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2700btc wall at 2340 @Huobi  Looks like 9k whale is moving his bids up... Will be intersting to see what happens if someone starts selling into it It was 1300 10 mins ago. Got almost eaten. Then he refreshed it to 1200 again and it was entirely eaten. After that he put another one 2700btc. Exhaust the sellers before the big push! |
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...confirmed
we are over the hill now, stepping down and further down
Pretty subtle decline. Huobi bids massively outnumbering asks. Nothing happening on Western exchanges from what I can see. One spike up or down in China to decide play methinks. |
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The huobi wall moved up slightly?
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Being short must be stressful newbie.
Back in the real world a single buy would take us over 400 and make the technicals scream we go higher. Until someone nibbles we drift.
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Fundamentals good... looks like this s--- doesn't want to stop going down, though. Bugger, bugger, bugger!
Stamp at 384 after a failed dump. What are you wittering about? |
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If we hold here then 400 is toast in short order.
edit: Just bought from circle. God it is easy.
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