Bitstamp chart looking painful for the second wave of sellers  |
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And Mark Karpeles aka MagicalTux is the Ben Bernanke of Bitcoin.
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I will say though that if you are looking for something to invest in, I highly, highly recommend Currensee. I highly encourage you to look into it. Basically you allow professional traders to manage your money and the ONLY way they get compensated is if you make money. http://www.currensee.com/Goomboo, Thanks for all the useful advice in this thread. Since I have some money to invest, I did some investigation into Currensee. I found some reviews that were a bit shocking: http://www.forexpeacearmy.com/public/review/www.Currensee.comCan you perhaps talk a bit about your experience with Currensee? Are you an investor or a trade leader? Thanks for your answer. |
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Surprised this rally hasn't been killed quicker, all the bears sleeping?
Or are they waiting for bids to build? There's 3.5kBTC above 70. That looks like tasty bear food.
Seen more buy pressure today but it's not convincing of a rally.
I just love how the sentiment is slowly changing. |
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You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
I agree with you, lucif. I've bought back quite some btc below 70, and have more bids in the high 50s, if we even reach those levels. Just taking my doubled btc profit here. The spec board is full of bulls pretending to be bears, and they will panic as soon as the pendulum swings the other way. Exciting times. I won't panic. I don't need to squeeze as much as I can out of every movement. Patience is the name of the game. All I can say is that I've become a much better trader once I switched from being reactive to being proactive, but to each their own.. |
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You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
I agree with you, lucif. I've bought back quite some btc below 70, and have more bids in the high 50s, if we even reach those levels. Just taking my doubled btc profit here. The spec board is full of bulls pretending to be bears, and they will panic as soon as the pendulum swings the other way. Exciting times. |
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perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP
yes, we know. you bought LTC ;| hope you got good exit strategy Actually don't own many litecoins. I just see that the technical litecoin chart picture looks good and want to let people know. This continuous spamming about LTC by you is both annoying and disappointing. |
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I actually sold some BTC during the last 3 days. We have a giant wedge, which well may break to the upside, but as well it can break to the downside, which means we will viciously crash to $50 in the final capitulation. It is easy to sell bitcoins, and there are no support levels after 88 and 79. Many latecomers are still sitting on gains. Even all of my net purchases ever are green (I never net purchased above $100 after all) and my finger is becoming itchy. I always tend to think that I represent a group of people, and that group is now on the sell side, no chance to buy as we are already all-in. If we break to the upside, I will buy in at a loss with a predetermined schedule. I am not nearly as sure of the probability and timescale of my $300k prediction as before. However, IF crypto takes over fiat, there is still no realistic way to do it without Bitcoin reaching $300k. (Or I would still like to hear the reasoning ) Pray tell, what is your buy in price? If you are sitting on a million euros or so, i'm sure we can prop up the price. It's the greater good! Don't pay attention to it. He has made several posts in the past invalidating what he says here. |
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A bit closer to what's affordable to me.
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It would be nice to get rid of all the day trading all together. I can't wait for the day that the BTC economy is flourishing to where people are finding new and better ways to earn/make BTC without having to trade it.
This statement is ridiculous. The opposite is true, bitcoin needs liquidity, which is provided by traders. |
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With volatility like this, it's child play. Make some money off of the idiots who think Bitcoin is going straight to the moon or crashing straight to $20, with no corrections, in the next week.
And here I was thinking that I'm such a kickass trader.. |
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I think it's about the stock market which looks like it's finally rolling over. S&P broke down through an important support line yesterday. I wonder if this bullish or bearish for bitcoin.. we'll see.
edit: and with it gold seems to be heading south again
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Mt.Gox information policy is strange. They deleted the Dwolla news and didn't say anything about DHS, not even till now, but now they are playing heads up? +1 for something is in the air, but at Gox, not OKPay.
Mt.Gox and Mutum Sigillum are legally two different entities. That's the important point here I think. |
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Clarkmoody lagged on me... was the wall bought, or removed?
Bought, all of it... Removed (after 1k was bought) I watched it live, looked like it all was bought, and volume is almost 7k so seems right. there is not buy volume 7k (last hour) Wall removed when volume dropped below 6k I saw it being bought up in bitcoinity. |
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Did we just see a 2.5k sell without the price moving?
Time to get some popcorn  |
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I think the Liberty Reserve news is a big deal.
LRUSD was the virtual currency of choice for a lot of shady or barely legal businesses.
I estimate a few TENs of millions LRUSD are now suddlenly useless.
I find it amusing that the price is heading south for the short term. This is major bullish news IMO. |
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You have a better explanation for an incentive to sell low and buy high multiple times?
Why would anyone do it that rapidly, creating a huge spread? It makes no sense at all. My assumption is that this has to do with either IGmarkets or plus500 who offer spread betting. They can wipe out their customers easily this way, collecting money on that end, while just spending a bit on MTGox. Another option is just a bot going nuts. |
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"to get the discount from mtgox"
sounds like the best answer to me by far.
Can't tell if serious. |
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How many times do I need to tell that we will not see 100 again?  We've heard this one before |
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