You know , if liquidity actually dries up we could see a major move, just like old times . 10 X, 20 X, 100 X  but I doubt that - markets are too deep now - more mature - more options to short, - in theory it should even out the market . Gradual climb to 3200 would be nice though :-) 7.6B marketcap mature? U aware that snapchat = 50B ? x10 is possible imo. Dude, when bitcoins was a dollar I never thought it would get to like five bucks, and then within a week it went to 32 . couple years later we were at like 10 or 15 and I thought it would be crazy if we could get to like 50 and then we went to 250 couple months later was thousand in my time I've learned to never underestimate the bitcoin *Edit* also pleased to realize that bitcoins is not real money everything can go to zero immediately tomorrow, but both outcomes are possible. good luck out there |
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You know , if liquidity actually dries up we could see a major move, just like old times . 10 X, 20 X, 100 X but I doubt that - markets are too deep now - more mature - more options to short, - in theory it should even out the market . Gradual climb to 3200 would be nice though :-) |
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If I had more guts, I'd short at this point.
Should re trace to the point where previous resistance becomes support...
Should......
Edit- right Around 465 , but I would set my bids at 470
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Bitcoin has a real use case, many in fact.
Mostly drugs and crypto-locker and all that, but, it is what it is...
Just like the currency it replaces, cold hard cash, there is no substitute.
Ethereum is a proposed solution to a problem that doesn't exist.
Bitcoin IS the killer app!
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Weird, I bought yesterday and price didn't go down?
First time for everything I guess?
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Interesting. I sold half a couple months ago on that first spike. Installed the software, caught up to the chain pretty quickly, recovered my "pre sales" coins, and sent them to market, all within a couple hours. Price started going back up, so I try to start up the software again, and couldn't catch up to the chain. I tried 3 different versions of the client, it starts to sync and then just stalls out. Luckily I was able to submit a send without being caught up, glad I'm now fully out of this pipe dream. Your mileage may vary. |
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Satoshi the model train conductor was a much better story.
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nope.. not going to bite. the holding back of the scaling fix is borderline scheme imo... it makes bitcoin waaaaay to risky... i find it suspicious that just as the pms start to rise that bitcoin starts to rise as well... the reason pms are on the rise is due to the new Shanghai Gold Fix, which has nada to do with bitcoin.............i suspect that bitcoin is being manipulated up now to keep everyone out of the pms where the central banks and the federal reserves are currently locked in battle to keep pm prices down... so far they have been failing, and i suspect the failure will turn out YUGE in the end..... with these kinds of dynamics and fundamentals, i believe bitcoin is waaay overpriced and could turn into a long term scheme... holding back the scaling fix really seems like a huge scheme to me.... i told everyone to buy pms when silver was at $14.50... silver is now at $17.00 .
hot dropit lockit ..i passed on buying bitcoins. i bought metals instead while they are down.
you should diversify into metals. i'm not buying bitcoins at these inflated higher prices. it is too risky for me. even with the us govy behind it cuz the dollar is still on its deathbed. they are fronting like they are in control. its like the catastrophes, you have to cover your own ass. relying on bitcoin is probably not a great strategy imo. especially with the unresolved issues that bitcoin is facing. might be able to make some fiat though if buy bitcoins at this risky higher prices. i'm not sure the risk is worth it to gain more fiat through bitcoins when can get more fiat through other means and buy metals at suppressed cheap prices and HODL them. the reason to buy the metals is because the us govy doesnt want us to buy metals. keep your eyes on the money on the exchange!
spot silver prices in dec 2015: http://www.apmex.com/spotprices/silver-pricesif silver goes to triple or quadrupal digits, it will make bitcoin pitiful as it dies from its manipulation and scaling failures. i have learned over the last few years to never trust the USA federal govy. if the USA federal govy is pumping bitcoin while manipulating pms down, then u want to be in pms. if the USA federal govy says don't take iodine as clouds of radioactive poisons float overhead, u better take the iodine. Hey, I like silver too, I like to stack when prices are low just as much as the next guy, but you are talking crazy talk right about now... "quadrupal" digits? Really? For silver? Not in this decade... Silver at the time was a great deal, but it's not like bitcoin was a complete dog either... Price of silver on Dec 9 2015 = 14.1364 Price of silver on Apr 22 2016 = 16.96 Appreciation = 2.8236 or 19.97 % Source = http://www.usagold.com/reference/prices/silverhistory.phpPrice of bitcoin Dec 9 2015 = 411.90 Price of bitcoin Apr 22 2016 = 435.51 Appreciation = 23.61 or 5.73 % Source = http://www.investing.com/currencies/btc-usd-historical-data5.5% in 5.5 months is pretty good returns, Tell you what, how about we wager which asset does better from now 'till next December? Price from Apr 22 to Dec 9 - using the same sources as above. Avatar bet: if I win, I choose your avatar pic for 6 months, if you win, you pick mine. |
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Enought nesting bullsheeteens.
We are going up with anemic volume. Just look at 1 day or 3 day timeframes. If volume doesn´t manifest quickly, lets say before seven days, Im calling this a bulltrap.
It's called miners stopped selling, so an 80 day supply crunch of increasing price occurs until the price reaches a level where someone considers it overextended for pre-halving state, which is not gonna be less than $500 by anyone's standards. It could just gradually rise to $600 on no volume before it occurs. Once people consider the price overextended, they will then dump with the intention of buying back lower, then the volume, volatility, and long drawn out game of people trying to short, squeeze, and lock others out and force them to rebuy happens. Knowing that it's going to play out like this, it's going to be funny when the shorters pile in at some price like $600, then a coordinated squeeze hits them and the shorters power the next great Bitcoin bubble. Now that's interesting, and correlates with a recent interview with that Chinese miner dude who was on the latest bitcoin uncensored podcast (his name eludes me, sadly) The just of it was that they were able to get a very favorable contract from an electricity project that failed to get government approval to sell to the grid... As far as I could discern, they were only selling enough to pay the bills and keeping the rest, also some brokerage and arbitrage as opportunities arise. Say what you like about the Chinese but there are some shrewd motherfuckers over there. Do not underestimate. |
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Six blocks in the last 22 minutes. that will keep the mempool reasonably empty until difficulty gets adjusted.
There must be a shitload of 14nm miners coming on line. I just wish they all weren't in China. The higher Bitcoin goes, the more tempting of a target it is for the PRC unless the same party apparatchiks are using Bitcoin themselves to skirt the capital controls.
You're still moaning about this shit? If you are actually worried about China you should just sell all your bitcoin and quit whining already. Sheesh. |
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Most alt coins dumped 30% yesterday, now poloniex is down,
Coincidence?
Well it could be coincidence due to the back-end maintenance also. But this would not fit your theory so well. BTW: It is back up now. Edit: Good idea. Thanks bud, when BTC alarm went off I checked and all the alt coins said "error" so I panicked.... I don't always panic, but when I do, I like to panic first. |
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Most alt coins dumped 30% yesterday, now poloniex is down,
Coincidence?
(Edit, back up for now, excuse me while I liquidate the remaining shit coins I don't even bother to have wallets for)
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... I really didn't want to get into a little nationalistic sandbox dispute with a member of our number one trading partner, but you started it. First blood.
Anyway, I'm done with this nonsense. Goodnight.
... stop bragging about how smart you are for stealing from us because we have more guns than you and we're getting pretty fed up.  |
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When ETH drops BTC will rise probably  Or not. Ethereum (ETH) $10.73 ( -20.74 %) ETH move went into XCP, after that move today I'm surprised it's not being talked about more. Still remains to be seen if the momentum will carry. Personally counterparty would be my choice. The founders of counterparty didn't raise millions of dollars to fund their project, they BURNT BTC!!! Quite extreme when we look back but they actually destroyed bitcoin that they themselves owned to create the new meta layer of counterparty. Also, it's truly deflationary and Backed by the most secure blockchain that exists, instead of something that's going to be a POS coin... |
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This truly was a beautiful day.
(I sold a portion of my ether from the crowdsale and transferred to XCP yesterday... The result today is beyond my wildest dreams!)
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Don't mind me. I'm just pissed I missed the train. I bet there's rich folks eating in fancy dining cars. They're probably drinkin' coffee and smoking big cigars.
...
And that's what tortures me...
Many trains to come. Some speed up, some slow down... If you pay attention long enough you will begin to figure out which is which. sure but by then it's too late, you miss the train  If you're paying attention you can catch the next one. ** for example, if/when bitcoin dies, I expect there will be several coins competing to take that spot as the world reserve crypto - the one coin that everything else trades against. You don't even need to identify it specifically, you just need to recognize the 4 or 5 alternatives that might take the crown. Back testing - go back a couple years to the eth crowd sale. Take 20% of your bitcoin total and divest it evenly into the top 4 contenders for dominance at that time. It doesn't matter if 3 out of those 4 fail, as long as you got at least some small amount into the one that survives. In this example it's ETH. 0.0005 at the opening, now worth ~0.035 ! That's like 70X return on that small side bet. Even if all your other bets fail, it just takes that one to pay off... (If none of the alts survive, then that's good too. That means probably it was bitcoin that survived and your main holdings are still in bitcoin, you've just spent 20% hedging your bet.) |
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Don't mind me. I'm just pissed I missed the train. I bet there's rich folks eating in fancy dining cars. They're probably drinkin' coffee and smoking big cigars.
...
And that's what tortures me...
Many trains to come. Some speed up, some slow down... If you pay attention long enough you will begin to figure out which is which. |
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Ok party people. It seems this altcoin fever is never going to end. Hell, in hindsight I wouldn't buy a coin with Luke Jr. involved either. I guess Vitalik and FluffyPony are the future. God help us all. Altcoins too da mooon! Esp. BCY -.best most useful coin for buying imaginary digital made up shit that you can get for free just by beta testing the game... Don't say I never gave you nuffin' |
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Nerd rap is the new gangsta I guess us old nerds are like OG's? https://twitter.com/theshmadz
... Heh, 'theshmadz' auto-corrects to 'freshness'Yes I'm drunk, happy Friday everyone! |
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