"strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards," Well hello 1984! Is this prelude to cashless society?  Thats the way the world is trying to go. Good job I know a pretty good cashless system already and won't have to submit to the centralized alternatives. |
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This thread is mind boggling. Of course the markets are manipulated when only a few thousand of the same BTC are traded backwards and forwards. Trading is a self fulfiling prophecy and those that have the most clout can be wrong as well. Just look at how much those big whales lost on OKC in the last few days.
Of course the USMS didnt pump the price.
We over extended after finally breaking out of a year long range and we had a very healthy correction to retest old resistance areas. That simple.
Dont be suprised to be passing $500 in the next few weeks or to find ourselves a new range between 290-390.
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go back at look at 2013 charts, this is how btc rallys work.
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Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue. Yes, it's an awesome event, but it doesn't last long.
why so grumpy? Well, I'm considerably upside down on my short, but I'm gonna let it ride. Coins bought at auction tomorrow will get dumped if we stay anywhere near this high. Somehow I doubt it will stay this high. But then again, I've been wrong before. Remember Remember the Fifth of November. Why do we always perpetuate the lie that auction coins are sold? You have no idea at what price they will be bought? With the end of the bear market seemingly in sight it could be the last time a chunk of coins like this can be bough so easily. They could easily go over market price. There's also no evidence that previous coins have been sold. Drapers coins haven't moved. The only evidence for auction coins being sold before if that 1 block that got sent to bfx, thats it. |
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imo holding a $ value is scant compensation while missing out on double gains.
If you see value in BTC terms that may be so. But the double gains you speak of are a short term phenomenon. Play the long game. Sure but while btc rallies if its so obvious alts slump until the end of the rally why would you hold them when you can by two or three times more of the alt later, before these mythical 100x+ gains. Dont forget the long game for most alts is having a high probability of failure. |
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Sure it's an oppurtunity to buy more cheap but if there's anything this btc rally has shown is that alts in general are starting to become less and less relevant.
I've gotten the impression it's a common belief that when BTC rally subsides the alts will bounce up hard as people will start looking other means to increase their wealth. Common belief yeah but past performance is no indicator etc etc. Look at LTC, that's held its value. Also, when will BTC rally subside? $10k? That would make XMR 0.0000x ? I wouldn't like to be holding it down there and cheering about $ value conservation. |
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$507 quarterlies  |
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Nice to see XMR finally taking off !!!
Yup - nice and steady at 50 cents and holding up better than many other alts. If you think holding up is losing 50% of its value against btc , which lets face it, is how most people bought into XMR and how most people will likely cash out then I'm confused. imo holding a $ value is scant compensation while missing out on double gains. (inb4 everyone says that double gains is nothing when XMR is going to do 100x) Sure it's an oppurtunity to buy more cheap but if there's anything this btc rally has shown is that alts in general are starting to become less and less relevant. There are so few people now holding XMR and in particular the ones holding the very large bags that aren't underwater right now. |
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inb4 bears saying they made so much money today as they obviously shorted the top. Lets ignore the fact they missed the huge 100% long over the last two weeks.
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Wow and just like that shorts are the lowest they've been on BFX since Dec 2014.
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So much this. I can' think of anything in my life that I have invested as much time as Jorge has in btc with 0 financial gain.
Bah. I invested even more work and time on the Voynich Manuscript, and don't regret it at all. Yar but studying and/or breaking the manuscript could have helped further a career or bestowed previously lost knowledge on the world. Dismissing / riling Bitcoin all day, not so much. |
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Only shallow and greedy people can't understand why someone would spend time on doing something "with 0 financial gain." Not understanding that also makes you ... oh, forget it. As hopeless and pointless as convincing a rock that it's a rock  You spend time doing things with 0 financial gain if it helps others, or improves yourself or a myriad of other things. None of which Jorge is doing. Wasting your time doing something which neither helps yourself or others is idiotic, rather like yourself. |
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I bought 0.00000000 BTC when I first learned abot bitcoin -- in nov/2013, when the price was ~1200$. So, even though my investment was fairly modest, and (as you already know) I have been able to double my holdings every day since then, I am still quite disappointed by the loss of almost 70% of the money that I put into this coin.
Time is money and you've invested plenty. I hope you are getting good returns on the time you've invested here. So much this. I can' think of anything in my life that I have invested as much time as Jorge has in btc with 0 financial gain. What's it like being that shallow and greedy? lol Nothing about not being the sort to waste, at a guess judging by how old his account is, 20-30 days of my life on something I don't like and think will fail with 0 gain is shallow and greedy. Its called not wasting my life... Besides Jorge statement of " I am still quite disappointed by the loss of almost 70% of the money that I put into this coin." is an obvious quip at the people who bout around all time highs. |
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I bought 0.00000000 BTC when I first learned abot bitcoin -- in nov/2013, when the price was ~1200$. So, even though my investment was fairly modest, and (as you already know) I have been able to double my holdings every day since then, I am still quite disappointed by the loss of almost 70% of the money that I put into this coin.
Time is money and you've invested plenty. I hope you are getting good returns on the time you've invested here. So much this. I can' think of anything in my life that I have invested as much time as Jorge has in btc with 0 financial gain. |
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If this is your first bubble, take some advice from someone who's been through 2. Do not try and trade it, do not short at 'double' tops, do not call tops at all. You'll simply chop yourself up and end up buying higher. Just wait and ride the train, yes you won't sell at the top, same way as those who sold $900 didn't buy the bottom.
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Man its gotta be painful to be in a short right about now.
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Back to $5 billion market cap. Its been a while |
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Who is seriously selling here? There's really no historical resistance in this area, even if it is around the top there's no point selling into the rally. Wait for confirmed reversal and sell then.
And, how exactly will we know that there is a reversal..... after it has already occurred, no? Well duh. Point is you never sell into a rally or buy into dumps trying to pick tops and bottoms you sell or buy after confirmed trend reversals and ride the train in either direction. |
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Who is seriously selling here? There's really no historical resistance in this area, even if it is around the top there's no point selling into the rally. Wait for confirmed reversal and sell then.
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