Very nice Richy. Thank you for providing this service. It is appreciated. |
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The comments following that post are priceless. People's brains are starting to short-circuit from repeating conflicting talking points that they hear in the media. Fascinating actually. |
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if the IRS wants to seize your assets can they take BTC out of your coinbase account or freeze it?
You better believe it if your other collateral for taxes isn't available or able to be collected. That's the extra price of doing biz with such an easy to access entity. That said, we may be in for a retrace in price for a short time, maybe around the $230 mark w/i a week or so and then another decent move up before a consolidation. Nothing is etched in stone but it's something to keep an eye out for. No bear meanderings here, just sayin. Agree I don't have the balls to short it though... fuck that noise! I have to admit I took a little profit at 312, re-entry target at 270. Maybe a little too optimistic but we shall see. *edit - CAD no leverage |
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CaVirtex is above the Oct 5/14 bottom. The train may be on its way to the moon rocket station. No worries, my balance is $0.07  Sucks. Was hoping to stay below 300 until payday.  Plus 9 days for the transfer, don't forget. If I think the price is moving quick, I'll eat the 2.5% and take the instant option. Plus it works on weekends. |
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CaVirtex is above the Oct 5/14 bottom. The train may be on its way to the moon rocket station. No worries, my balance is $0.07 Sucks. Was hoping to stay below 300 until payday. |
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Never heard of it. If it ain't listed on Poloniex, it might as well not exist. |
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[...]
Moreover, if Bitinka is successful, it would be "stealing" remittance service customers from the local banks, by undercutting their fees. Good luck getting bank accounts and the necessary approvals from the local governments...
Thanks for the analysis. It does seem a little like a solution waiting for a problem to anyone who is being well served by the current system. Also, does not seem to work at all for the people who need it most. (Venezuela?) BTW, they apparently have all banking relations in place and ready to go. It remains to be seen if they will *go* anywhere. *edit* they even have a trollbox! Sweet! https://www.bitinka.pe/bitinka/home |
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Long time reader, first time poster.
Just bought 10 bitcoins yesterday, good to see it paying off already
ohai therr lampchop! |
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A MACD dinosaur was already spotted on the 19th... you may have already missed the train...
I did indeed miss my chance to be driving the train, back in 2012 when I was selling bitcoin for 5-10 bucks. I did not, however, sell my seat, and I will continue to ride along through the peaks and valleys as we roll forward, and back, and forward again. |
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That's quite the post, but as I was skimming through it, I did find one thing to comment on, "So why should the average Joe put up with bitcoin’s volatility and the possibility of having his funds easily stolen (if he has to move his money around, you can’t just keep it in cold storage forever you know) and no consumer protection? Why?" You assume that I want mass adoption. I don't. You assume that I want to cater to the average Joe. I don't. I am simply looking for a better alternative to the system that has been forced upon me since birth. I was born, coincidentally, at the exact time that the US decided to completely detach their fiat currency from any connection with anything of real value. I don't blame anyone for not teaching me about the way the world works. I blame myself for not learning about it earlier. Good luck sticking with the "average Joe's" it's ok, the government will take care of everything. I'm sure it will all turn out fine. |
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Actually the CHINEESE were not the only sole cause of the price jump. The Silkroad was BOOMING at that time. Another "silkroad" 3.0 is coming soon and it will drive the price up again just watch.
SilkRoad was busted in early Oct/2013. Some (not me) claim that the bust actually helped the price, because it dispelled the perception of "currency of drug users and criminals". But SilkRoad may have been responsible for the famous Mar/2011 bubble. I gather that SR started operating on Jan/2011, so the timing seems compatible. If that was the case, it would be useful to understand why that bubble deflated almost completely through the rest of 2011. Understanding that decay could perhaps help us understand the downtrend of 2014, which is often compared to it. Bitcoin allows things to happen that were not before possible. I'm still surprised that you, as a person who was involved with the early computer/internet revolution, do not see the value in this. |
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it's always cawld damp and dreich this time of year, but then you get the beautiful snow
Until you've lived some years above the 60'th parallel, you don't even know about "cawld" If your Canadian, do you say aboot like we Scots sometimes do? Some Canadians do for sure, mostly the ones in nova Scotia... P.S. north of 60 is not the same as living next to the ocean, and then one day it got cold, and then everything was covered in ice.  This is what 6 months of below 0 degrees Celsius looks like... (though it's actually quite nice from June through August, except for the mosquitoes) |
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it's always cawld damp and dreich this time of year, but then you get the beautiful snow  Until you've lived some years above the 60'th parallel, you don't even know about "cawld" |
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guess i'm a bit home sick today....... we even have beautiful cattle in Scotland  Some crazy shaggy cows you got there! Seems strange, I'm from northern Canada, which I thought would be colder, yet our cattle are all short hair. Sample  Not all cows around here are black Angus, but I've never seen such shaggy cows over here |
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This market it really easy to trade because there're so many emotional noobs trading it. And yes I was one of the noobs here back even before the China pump in December 2013. But I have learned a lot since then about markets.
The fact that you guys are even comparing BTC to other markets shows your lack of understanding. No one has a clue which way the price will go, and that includes the people saying down. Indeed no one has a clue, but it would help to admit that China still sets the price. The Nov/2013 rally (and perhaps also the Apr/2013 one) were created by Chinese demand, and the Chinese exchanges have set the price since then. Although many of Chinese who bought coins at that time appear to have sold them, Chinese day-traders are still in control. Since the big rally, the price has reacted almost exclusively to events that are relevant to the Chinese traders, and has completely ignored events that are relevant only to the West -- such as Dell and Microsoft "accepting bitcoin", Bitstamp being hacked, the USMS auction, Bill Gates saying that bitcoin will not succeed, and the the 70 trillion dollars that banks just invested in Coinbase. Now, one would expect the Bitcoin media to start from that fact, and get some staff or correspondents in China to report on the state of the Chinese market so that Western traders can use that as a basis for their predictions. But they will never do that, obviously. Bitcoin sites do not get a penny from investors or day traders, so they don't care about their fortunes at all. Their revenue comes entirely from advertising and subsidies from bitcoin enterprises, so they must suppress any news that could hurt them. And those enterprises would hate if their prospective clients were aware about the role of China. "If you invest in our fund, rest assured that the future of your money will rest entirely on the mood of ten thousand amateur commodity traders in China, who prefer bitcoin to garlic because its price is much more volatile." "Our ETF shares are expected to yield 1000% ROI in a couple of years, as soon as we find a new market for bitcoin that is 10x the size of China's". "We are quite certain than the price of bitcoin will not drop to double digits tomorrow, because we cannot believe that the PBoC would be so mean as to further tighten the restrictions on Chinese exchanges." So, all news and articles in the bitcoin media start from the premise that "China is irrelevant", and are careful to cultivate that misconception in the readers. Just as they will try to hide (or not even look for) the unpleasant facts about user adoption, security, miner influence, and more. Instead, they will fill the space with useless technical analysis, bogus theories like "Willy was responsible for the 2013 bubble", interviews of bitcoiners about its wonderful future, and thinly disguised addvertisements and press releases. Hi amigo, I know we sometimes butt heads, but I don't get the feeling that you are being intentionally ignorant, just that you are trying to deal with something you don't quite understand, yet. Please take a listen to this http://podcast.runtogold.com/podcast/BTCK-127-2015-01-20.mp3It's an interview with a guy trying to set up a south American exchange that is beneficial to south Americans. You are the only guy I pseudo-know that it's from that area and your analysis of this would be greatly appreciated. Specifically the parts about bitcoin transfers allowing the local currencies to stay local, while still allowing people to transfer funds across borders. I know I've been facetious towards you in the past, and I apologize for that. Also any thoughts from any other south Americans is welcome. Thank you. |
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Is it time to buy yet? Dont want to miss the time when it will be confirmed to go up from there forever.
Only dinosaur TA can determine the true bottom. We need more dinosaurs! *I'm imagining right now a big ass Brontosaurus who had his neck down taking a sip from the lake now raising his head to take a look around* |
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244 actually looks like a nice spot to short.
Come on traders! Save us from ourselves!
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Guys why are you shouting MOON when we have moved few dollars up?  i am missing the days when MOON and CCMF actually meant something  I get the distinct impression that those days are over. The proliferation of financial instruments that allow for hedging and short positions have come a long way since the days of ZhouTong. I expect hope for a brutally incessant march upwards with many retracements and opportunities along the way. Pack your bags gentlemen!  There are less than 3 million dollars in btc for sale stopping the price from doubling on the ask side on finex.. I don't trust any of the reported numbers, we've all seen way to many fake walls and other shenanigans to believe any of that crap. If the price rises, people will start to loan out their coins at increasingly exorbitant rates until the short side takes us back a step... At least that's my hope. *edit* stupid huobi right now crushing my hopes. |
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Guys why are you shouting MOON when we have moved few dollars up? i am missing the days when MOON and CCMF actually meant something I get the distinct impression that those days are over. The proliferation of financial instruments that allow for hedging and short positions have come a long way since the days of ZhouTong. I expect hope for a brutally incessant march upwards with many retracements and opportunities along the way. Pack your bags gentlemen! |
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This forum is indeed very pathetic. I assume not many of you here are seasoned traders. This is purely an amateur hour, I left this shyte coin in the dust months ago and went back to equities and forex. This instrument will continue in a downtrend, this behavior is all too familiar. Getting coins at sub 200 was a nice move yes... whoever locked it in god job. At this point I would suggest only profiting from temporary volatility be it in upward or downward momentum. It will never reach its previous point of 800+...As of now it seems to be still moving in a strong downward momentum. It might break out to lets see 260 level then possibly 280 before another drop. People who bought their coins at 400 or 600.. and were 'hodling'. Well, I suggest you get better jobs my friends.
Bye bye, and good riddance CCMF (choo choo my friends ) |
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