 that guy lost around 300k from the falling bitcoin price shorts are going crazy as usual lol Thats what you get when you want to scalp the BTC price. Is best to hold and let time pass for at least a month before making the next move. All these "this is how to daytrade BTC" guys seem like scammers to me. Who has done solid gains day trading BTC? im yet to see that. With leverage you can, but it depends how much the market moves. If your leverage trading on Bitfinex it makes more sense in holding positions longer since it's 3:1, but if your on other platforms such as Okcoin where your using 20:1 it doesn't make sense in holding positions for that long. Very rarely you can get into a position and not worry for a bit. |
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I received a promo code yesterday. I've been touring the site and decided to check out an area which I am involved in. Granted I didn't learn anything new from this video, I have to say it's probably one of the best ones I have seen (better than youtube). I will be checking out other area's which I have no knowledge and will try to learn as much as I can.
So far so good
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i think those who managed to help the bottom stay at 215, were the whales/average traders who dumped at 290 2-3 weeks ago
they did bought in mass supposedly... 200 level should be considered rock solid by now
I wouldn't count on that, actually. We could be in a bad downtrend, still. But this can't go on forever and at some point there will be a trend-reversal, and most of the bears do know that. It's just a matter of who gets burned in the end. I agree. 200 could easily be breached and this cant go on forever, but bears have the advantage right now. When bitlicense comes out, its probably going to result into another coinbase/pump/trap fiasco |
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Damn, what a frustrating price level. The market sure does love that ~230-ish.
I have one final round of funds to invest long, but can't deal with any more severe down. I went all in at 230 in January (yes, January!), but recently got back out at 238.
Want to get back in long, fire and forget, but damn which way are we swinging here? I'd be more comfortable if we had a confirmed solid support above 200, but don't know if and when we would ever re-test that.
Have you considered that Bitcoin may, in fact, be maturing and becoming more like money? This implies stability. With bitcoin's hallmark volatility gone & progressively tightening government regulation wiping out 'legal gray areas' for us to exploit, bitcoin ceases to be an attractive, semi-legal and, arguably, less stigmatic form of online gambling/money laundering vehicle - the very things which made it so attractive initially. With Dark Markets proving more and more vulnerable and bitcoin's floundering price (causal relationship here, though seemingly apparent, is far from rigorously proven), the crypto community is becoming more fractured and toxic.  TL;DR: Mom's not coming home 'till late, so... ~Lo <3 One of the biggest contributors in making crypto a stupid meme complains that the climate is toxic.. lol. Good, that is a good sign that all these dumb alt developers are giving up and soon natural selection will make BTC reign supreme. Majority of the top 25 here are a joke ( http://coinmarketcap.com/) Don't forget as well we have Ethereum coming. |
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ITT people see what they want see...
I'm leaning towards 'more downside' as well (expecting to see sub-200 again, for example), but you'll note that luc didn't say "New lower low incoming", but rather "Further price collapse is possible, but not required".
Also, prices an order of magnitude lower than current price (i.e. ryn's myself chart) are pretty unlikely in my opinion, unless catastrophic protocol failure or "global crypto ban" happens. It took more than a year for price to deflate 75% (as measured by a 20 day average), and we're already showing signs of selling exhaustion, so I wouldn't bet much on pre-2013 prices.
a) 208 not hit (yet?). Keep the salivation reflex in control  b) Even then, still missing what luc's main point was. Relevant parts again: 1. Further price collapse is possible, but not required, and 2. Very fucking long "silence phase" (after final collapse) I'm not worried about the collapse, but the silence phase will be painful / depressing / boring. |
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Staircasing back down nao?
Fake breakout Bull trap Making lower local lows Looking bad |
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The 0.2% short of the total market value of Bitcoin isn't anywhere near true (unless futures are excluded - and if they are excluded, what is the reason for that?). A lot of the shorting is on OkCoin futures. What do these statistics mean? How many bitcoins are being shorted at OkCoin? https://www.okcoin.com/future/market.do?symbol=0There is no real way to know |
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hilarious! I almost spilled my coffee  So Burnside gets noted, but no mention of Bitfunder/Jon Montroll  I assume that case isn't settled yet, Bitfunder shutdown was similar to BTCT, they must be still dealing with authorities... Any idea how much btc ukyo owes? |
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Maybe it was a sale to someone who wanted a ton of coins with no slippage? Maybe they're preparing to sell them on an exchange? Who knows.. but "they sent them to a new wallet and then spend 100" makes no sense.
He sent 100 from the 70k address. The 70k (minus the 100) is still sitting in the original address. It was simply sent back as change. What do you think was the point of that |
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Could be a lot of things. Perhaps Kraken moving funds in preparation for the MtGox proceedings. I went back and checked some of the other historical spikes in BDD. They tended to correlate to spikes upwards, not downwards. (Dec 13, Mar-Apr 14). I hope we learn more details around this. There is taint from here (2 yr old though) https://blockchain.info/address/1BBqjKsYuLEUE9Y5WzdbzCtYzCiQgHqtPNI don't know so *shrug* Gox coins is best guess right now i think |
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It's really starting to coil
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With the form of the triangle and thrust alone, I would be confident in looking for a medium term top here, but the potential of the dominant count is devastatingly bearish. it would be (iii) of iii to follow. What follows will be interesting to watch.
It looks indeed possible for a wave (iii) of iii to play out. The RSI on the 12h and 1D charts are set for a nice fall, and if you look at the 3D chart you can get a glimpse of the potential drop that will follow if the RSI shifts direction and goes back down (PS I am not suggesting this to be a terminal move but just using the image to show the correlation with previous sharp falls). Looks very bad especially if you look at okcoin and huobi (they are practically pinned) bitfinex only looks a tad better. |
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hilarious! I almost spilled my coffee |
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ill take a vouch is they are still available
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Why didn't you use escrow?
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Since you have no established feedback or track record you probably should remove paypal as an option.
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4h rsi Okcoin severely high
The sound of a desperate man nah i'm in the green shorted a new load at 238 i like it when you claim that you shorted at higher price...  the price at 234 btw, its likely to shoot up again when bitlicence finalized. I'm counting on it. Question is can you guys sustain it? Like 300? Nope! |
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Oh goody another negative
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