looks like there is still plenty of cash in the sidelines
i'm personally 10:1 / cash:btc which is my maximum risk level in i'm willing to go ... nice to have scraped the latest bottom but no way i'm putting more in at this point ... just watching the gains now and looking for the eventual cliff dive ... hoping for sunshine preparing for rain ... Interesting. I'm the opposite, ten to one bitcoin to fiat. One man's risk is another's safe haven I suppose. I would say the US dollar is one of the worst places to park your wealth, I am sure many in this forum agree. What about some gold and silver? By the way, what taxes do you have to pay in the US when you buy silver? It's the full VAT in EU, so 20% in my case  Oh yeah, I've got some metals of course, though I'm underwater on my silver, but the paladium I picked up is doing very well. Not sure about the U.S., but in Canada there is no tax on precious metals. I should clarify also, it's not like I started out being ten to one invested into bitcoin, but like anyone else that's been around for a while, your investment ratio changes radically over time. Still, I don't look at bitcoin as what is generally considered "real money" at this point. To me, it's just some numbers in a distributed ledger that may or may not have value in the future. |
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looks like there is still plenty of cash in the sidelines
i'm personally 10:1 / cash:btc which is my maximum risk level in i'm willing to go ... nice to have scraped the latest bottom but no way i'm putting more in at this point ... just watching the gains now and looking for the eventual cliff dive ... hoping for sunshine preparing for rain ... Interesting. I'm the opposite, ten to one bitcoin to fiat. One man's risk is another's safe haven I suppose. |
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+2.75k shorts
+55k longs (~220btc)
looks bullish to me
Be careful when you feel too adventurous. There's a member of this forum/thread that says "sometimes when it looks too bullish, it's actually bearish" More often than not, he's been right. ... I don't normally give predictions, but I'm drunk and going to bed now, so I'll drop this one. I expect the price to fall overnight back to at least 222 - I wish it would just keep going up, but wishes and fishes and all that |
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Ideally, currencies are not to be enjoyed, but to be used for more interesting and practical purposes. I will celebrate the day when it'll seem practical to adopt crypto for doing business. More then the practicality of getting free media coverage for adopting it by accepting bitpay's USD services.
Till then, it's all just a fun night at the casino.
Good enough, and agreed. I get a little carried away now and then. I also look forward to the day when nation states are bound by a Blockchain for the spending of tax dollars. Perhaps one day we will have responsible governance... Perhaps some day... i'll be shocked beyond description if anything even close to it comes about in our lifetimes. I'm starting to think it's either a new resonance of freedom of thought and innovation, or another few hundred years of the dark ages. I fully expect to see one or the other outcome within my lifetime. (Next 50 years) |
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Ideally, currencies are not to be enjoyed, but to be used for more interesting and practical purposes. I will celebrate the day when it'll seem practical to adopt crypto for doing business. More then the practicality of getting free media coverage for adopting it by accepting bitpay's USD services.
Till then, it's all just a fun night at the casino.
Good enough, and agreed. I get a little carried away now and then. I also look forward to the day when nation states are bound by a Blockchain for the spending of tax dollars. Perhaps one day we will have responsible governance... Perhaps some day... |
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Absolutely true. Well put...
But also consider that you have no *direct* control over the value of your dollars either.
* unless you're the director of the central bank, or friends of the director, or connected in some way to that group of elites that own shares in the federal reserve...
Where do I go to find a list of those individuals again? I can't seem to find it anywhere?
I agree, that's why I don't prefer to keep my wealth in any currency. But I have to say that the dollar is doing a better job by having a predictable price. It's not as important to me if the value of currency is decreasing or increasing. The most important thing is to be able to predict the value in the future. Inflation or deflation are both good if the change can be calculated into an equation. If you make plans with certain numbers, and these numbers will have totally different values that you had predicted, then your plans will get messed up. The thing is, the central bank is still necessary for one thing, and that is to keep the inflation at a predictable rate. Even if they aren't doing a very good job at it, it's still a lot better then bitcoins market that's highly attractive for speculation. I think that the best solution yet is nubits, because tied it's value to the predictable value of the dollar. It has the open-source benefits of crypto, while eliminating the main issue that makes crypto impractical as a tool of finance. Yeah, ok, enjoy your fiat slow death.
I'm not playing that game anymore.Sorry, just re-read your statement. nubits? Lol? The tools of your old system of finance are dying. Flight to the USD as a"safe haven" will result in many broken hearts and broken dreams. You talk about being able to predict inflation? I can predict perfectly, mathematically, the inflation of bitcoin in the coming years, can you say the same for your precious USD? *second edit* wow, that was some serious Bulltard sentiment I just spouted there , just about time for my comeuppance :-) |
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Is coinbase leading this spike?
I'm not sure who lead, but Houdini err huobi seems to be following through I wouldn't think they had enough volume to lead but they seem to have the highest price. Why would there be a premium there? Makes no sense, just watched another wall obliterated... looked like a bot swarm, not a pull... |
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I get the feeling this is just another, "buy the poker stars rumor and sell the news"
But who knows, it's been so long since a real rally that I can't even remember that feel?
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Is coinbase leading this spike?
I'm not sure who lead, but Houdini err huobi seems to be following through |
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Shorts gonna get squeezed sooner than later
Only a matter of time before it all comes crashing back down... Better to enjoy it while it lasts I guess. Not many coins available to short so it's gonna get interesting It would be true, unless some markets allow naked shorts, or provide fractional reserves... But no reputable markets would allow that! Right? |
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Shorts gonna get squeezed sooner than later
Only a matter of time before it all comes crashing back down... Better to enjoy it while it lasts I guess. |
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Ah screw it, I'm full on bull mode now!  Best of luck everyone! |
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Bitcoin is the ultimate poker chip. |
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Everything is fine until people start to try to withdraw funds.
All these centralized exchanges operate like a black box and no one, other than the exchange operators, knows what's what.
If you don't control your keys, you don't actually *own* the bitcoins. Just like shares in an etf or company, just like deposits in a bank, just like off shores properties. If you don't hold it, you don't own it.
Everything is fine until it's not.
And even if you "own" your bitcoins, then you still have absolutely no control over their value. Playing with bitcoin gambling, that's out of your control, either way. Absolutely true. Well put... But also consider that you have no *direct* control over the value of your dollars either. * unless you're the director of the central bank, or friends of the director, or connected in some way to that group of elites that own shares in the federal reserve... Where do I go to find a list of those individuals again? I can't seem to find it anywhere? |
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they already dumped their bags during the 'chinese panic' flash dumps . Everything is fine until people start to try to withdraw funds. All these centralized exchanges operate like a black box and no one, other than the exchange operators, knows what's what. If you don't control your keys, you don't actually *own* the bitcoins. Just like shares in an etf or company, just like deposits in a bank, just like off shores properties. If you don't hold it, you don't own it. Everything is fine until it's not. |
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The front page of ripple.com, filled with testimonials from banksters and former traders of goldman sachs doesn't instill any confidence, more like a confirmation of legally lobbied fraud. Fraud is rampant. Both in governmentally regulated and banking sector sanctioned fraud, and also in the unregulated fringe elements running bitcoin scams. The main difference is that with a public ledger fraud could be made transparent and ineffectual, whereas the current "legally sanctioned" fraud is unassailable under the current state. Interesting times... Perhaps the "fringe elements" are government funded. If a government (or any other entity) was serious about destroying bitcoin, posing as a "bad actor" would be an effective, and efficient strategy. |
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The front page of ripple.com, filled with testimonials from banksters and former traders of goldman sachs doesn't instill any confidence, more like a confirmation of legally lobbied fraud. Fraud is rampant. Both in governmentally regulated and banking sector sanctioned fraud, and also in the unregulated fringe elements running bitcoin scams. The main difference is that with a public ledger fraud could be made transparent and ineffectual, whereas the current "legally sanctioned" fraud is unassailable under the current state. Interesting times... |
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Bitcoin was a little before it's time it seems.
Mass Adoption is a fairy tale. Don't believe the hype. Far too early, maybe 2 or 3 years we'll see.
Price is an illusion. Everything is fucked up right now. All currencies, commodities, are dropping in relation to USD, the "safe haven".
Still, when I started learning about this stuff it was under 2 bucks, now it's over 200...
Lots of room on either side, maybe up, maybe down.
Best of luck gentlemen.
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7 days until the Euro crashes. Can't wait.
I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash. What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls. Worldwide market turbulence in the coming months. Please return your trays to the upright, locked position and fasten your seatbelts! Those with a queasy stomach may want to keep a barf bag handy.  |
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