Long term MA is now flat. Bullish!
Great! Just like December 2014 Not quite. The indicator never changed direction in December, the price remained lower than the average, so the average kept going down (very slowly so it only looks flat) More similar would be June 2014 when it flattened out and reversed direction. (Failed rally, bearish signal, short term average cross few months later confirmed) If the price remains above 250 that long term moving average will go from flat to up. This combined with the decisive short term average cross couple weeks ago just adds more technical evidence that the market has indeed turned around. If we can just get some big dumps and move the price back down to 250-260 range we can at least get that short term line to come back and touch the long term and introduce some uncertainty... That perhaps could buy us a little more time, but the overall direction is looking up, and time is running out. |
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soon 1 oz of silver will be worth 320+ bitcoins ..
Excellent news friend! Let's do some maths! Soon 1 btc = $32,000 Soon 1 oz AG = 320 btc = $10,240,000 I found a silver quarter in my change the other day... when is soon so I can go to the coin shop and get my millions? |
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Wherefore art thou Chartbuddy?
You're late. AWOL?
Even bots needs some rest ^^Best quip I've read in days.^^  Well done Mark. |
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Australia? Well, some islands will be more expensive than others... Apparently, there are Approximately 180,497 available islands in the world. -> https://answers.yahoo.com/question/index?qid=20090510184804AArokSMThat means an average of 21,000,000/180,497 = an average of =116.3454240237 per island. Keep in mind this does not take into consideration that some islands will be with more than others ( see Australia ) or that bitcoin might be used for other things than buying islands. For example, yachts, Ferraris, castles, etc... I still harbor hope that for a princely sum of 50 or 60 bitcoins I might someday be able to buy my own island. I do not imagine it might be as nice as some of those depicted.  http://www.privateislandsonline.com/islands/near-batteau-islandMore like that, I suspect. |
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Have you sold any Bitcoins to Greeks through local Bitcoins yet? They were selling for way above the market rate last week but I haven't heard how much they are selling for since the Grexit fears subsided. Somebody from Greece quoted a very high figure last week and I'm interested in hearing if it's still the same.
This looks like a bargain for spending some bitcoin in Greece. I wonder if they will take bitcoin? http://www.privateislandsonline.com/islands/isle-of-gaia Name: Isle of Gaia Region: Greece, Europe Location: Echinades Group, Ionian Sea Development: Partially Developed Title: Freehold Type: Private Island Price: USD 4,637,438 convert Status: For Sale Size: 43.00 Acres / 17.40 HA That is a beautiful island. 4.6 million seems a little low. Also the current conversion rate is not favorable for doing real estate deals. I'm waiting for at least prices exceeding $100,000/btc before I start shopping for islands. 40 - 50 bitcoins for that spot sounds reasonable. |
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Prepare for a fun weekend as money hits the exchanges  Generally speaking, money does NOT hit the exchanges on the weekends... Generally speaking, JJG used to use many more words. I, for one, prefer the new posting style. Welcome back Jay! |
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I'd be nervous NOT to be in right now.
I think it's prudent to be nervous on both sides of this bet right now. It's always been a risky play. I think the decision comes down to "1- does this technology work? 2- Will it survive attack?" If you believe both of these questions resolve to yes, then the potential returns on investment should outweigh the risk. If you have doubts? Then your risk assessment might not allow for such a speculative play. Personally, I think there is a significant risk of attack from within. There exists an attack vector where one person or one group becomes the incumbent contributor to the bitcoin code. If changes are not sufficiently challenged and vetted there exists a real threat that someone could be coerced to add some seemingly innocuous code (expand the blocksize to 200 MB perhaps?) Which would effectively kill the bitcoin protocol as a censorship resistant form of transferring value.That being said, there is a group which concentrates on purifying the code and removing unnecessary cruft from the code base. Luckily, because of the nature of the consensus mechanism, it is unlikely that any change will be allowed to happen absent the approval of said group. |
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I've been out since the end of the OKCoin ddos pump. Missed out on the rise, unfortunately, but I'm not getting burned by this downtrend either.
I've been in since the end of the $32 pump back in 2011. Missed out on nothing, fortunately, but I'm not totally immune to this downtrend either. It would be nice to never be wrong, but I think it's ok to be wrong every now and then as long as you're right when it counts. (Edit: I didn't mean to sound like I got it perfectly right, I just mean to say that the market can move fast and it's much better to be on the right side when it does.) |
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Bids growing, asks growing..... who's bluffing? Hmmm, bluffing, - pretending - faking - posturing... a charade. Our entire globalized, inter-connected economy is built on bluffing. It's just a whole lot of debt that can't ever be paid back and the only way forward is more debt. So what's your take? Is someone who holds a large position in bitcoin bluffing the system? Or is it the incumbent? The person who has been profiting from this fiat debt charade; the person who's livelihood depends on the continuation of the charade; the person who's fortune could be destroyed by the slightest disturbance in the status quo? There are some hands in this game that will not be shaken out. Go ahead. Call my bluff. I'm all in. |
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Congratulations to everyone who took the following advice last night: BREAKING NEWS: Deal has been reached with greece, sell everything now.
Nice call esse, nearly what? 10? 15 minutes lead on that move? I regret going to sleep early last night. It seems I missed most of the fun. I'm still long, and will remain long until over or around 5k, but I do have a few coins that I don't mind splashing around when opportunity presents a chance. Alas, I missed out on this one.  Overall pressure still seems to be building towards the bullish side. I would prefer a more decisive retracement back to 220 and stay within the 200-300 channel for several more months, (as low as possible for as long as possible after all) but it seems the bullish momentum has us now firmly in its grip. "Exciting time in the world right now. Exciting time." - Mr. Robot |
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------  I think this photo might just be the best thing I've ever seen you contribute to this thread. Well done sir! Seriously though I expected Monero to drop in relation to bitcoin after the rally, staying stable compared to USD. It's very nice to watch Monero rally against bitcoin while bitcoin rallies against the dollar. Edit: WHOA! Spoke too soon? Crazy moves  |
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Now what would you suggest? I have sold few bitcoin at 305 dollars and now I am holding $$.
If in doubt, please refer to the chart below for all your decision making needs! Have bitcoin. Don't have bitcoin |-----------------------------------|----------------------------------- Bullish. | Hold (patience) | Buy (panic) ------|-----------------------------------|------------------------------------- Bearish. | Sell (panic) | Wait (patience) (Note: any decisions made by following the above chart are not endorsed by shmadz.corp and this is not intended as investment advice  |
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 Current trendline Well. When you put it like that, it almost looks sustainable.  265 to 305 only in 3 days. It's clear that we are in a bull market now.
Carry on, you maniacs. |
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Wait so are we panic buying or not? I'm so confused...  It's like genetics: Have bitcoin. Don't have bitcoin |-----------------------------------|----------------------------------- Bullish. | Hold (patience) | Buy (panic) ------|-----------------------------------|------------------------------------- Bearish. | Sell (panic) | Wait (patience) Of course, to try to keep it simple, this disregards more exotic options using leverage. If you never took high school biology, I'm afraid I may have confused you further. |
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fuck the bear market fuck the sonsobitches whos life purpose seems to be to slam the price lower to buy back at profit at everyone elses expense fuck em ! why do we *have to* go down when most everybody wants a higher price aside from the *maybe* couple hundred well funded bear manipulator leverage short dumpers ? deal is if we run past 300 and stay there, the shorter dumper manipulators are done screwing the market below that - they lose at that point, by varying degrees - be it a stable 300 or a run to 350 or 400 or giant pump to 500 and beyond - they've banked on being able to hold the price below 300 indefinitely - NOW is the time to price them out of the market and end the bullshit downward manipulation ! force the bears out ! keep the price above their loss level ! this is the only way forward !
300 did not hold. Market is not ready.
Do not argue. Market is always right.
Patience or panic; It's your choice. |
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What's up with Stamp?
Stamp is like that friend who is the voice of reason, trying to get you to think about what you're doing before you go full retard... until he gets drunk and goes over 300 too. And then the party gets interesting. Oops! To late! Bitstamp had now arrived and the over 300 party can officially begin! (Sarcasm, kinda) |
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Dang $300 happened on a Saturday/Sunday depending on where you live. This bull run has been amazing, I keep expecting sideways or back down after 18 months of hell. Anyways, looks like some heft resistance between here and 310 so this might be a good spot to take a breath.
That spike might have just been some shorts closing or re-positioning... in any case, it was not the reaction you'd hope for as a buyer. Slow and steady. It's like the new, grown up version of the bitcoin rally. |
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stamp is the most important exchange. they have to cross 300.
Why do you consider it the most important? It's withered considerably since its hack and all that juicy leverage has enticed traders elsewhere. observation. often huobi/okcoin/finex are moving but stamp doesnt move one inch and after a short period of time they all come back to stamps price level. finex and especially the chinese exchanges have so much meaningless trading volume that i think even after the stamp hack they are still the leaders. edit: you see? just like this time. finex went to 308 and stamp didnt move one dollar and finex had to come back to 302$ again. stamp is still the boss. Hmmm, what happens if stamp breaks over 300 also? |
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stamp is the most important exchange. they have to cross 300.
Why do you consider it the most important? It's withered considerably since its hack and all that juicy leverage has enticed traders elsewhere.
As long as this is just a fakeout spike before the dump, then everything is gonna be ok.
If, however, this is a legitimate run on bitcoin, the higher price at one exchange will trigger buying at other exchanges in order to transfer for arbitrage. This type of event can expose whether an exchange is solvent or not. Chinese fake volume will not cover up a real run on bitcoin...
Speaking of which, has anyone come up with a reasonable explanation for that crazy spike on huobi, btcchina and okcoin yesterday? (just the litecoin dump, right?) |
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