Stellar news!!  |
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The debate I'm having: should I follow the short term advice, reduce my position, and wait for the projected drop to 900 or 700? Or should I just go all in and wait for the big wave?
I already deleveraged my long, and sold part of it to have some dry powder.
Maybe instead of selling, I should have taken a bank loan, put the money on an exchange, wait for the next drop and add to my position.
I feel like I don't own enough bitcoins.
exit waait for a correction my 2 cents *ahem* |
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sooo, everybody expecting a dumpf?
I'm sitting in fiat until dumpfs or buying in if we rally with volume over the ATH. I've learned not to bet to heavily against MLuc's analysis. I've learned to not think of him as an oracle; he's good but not omniscient; he didnt see the 1K rise on NYE coming; he was actually bearish for BTC at that time. I remember some people here came and said we'll go to 1K (Afrikoin and ImI IIRC). I thought they were just protecting their trading position since all the whales read this thread and are acting more and more upon it. But they were right! Lucky me I always had trouble selling bitcoins! I'm not foolish enough to think of anyone as a perfect oracle and never suggested it. Mluc's analysis has very good accuracy over time though and that's why I wouldn't bet heavily against it. How do you know all the whales look in here? That seems like it would be hard to know without some pretty intimate access to information. |
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sooo, everybody expecting a dumpf?
I'm sitting in fiat until dumpfs or buying in if we rally with volume over the ATH. I've learned not to bet to heavily against MLuc's analysis. |
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Goodbye 1100, hello 700.  |
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Way to go with the Nastyshop features! That little feller is in a big hurry with his bitcoin cart. hehe
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Make our hashrate great again!
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How many BTC are left in the coffers after the purchase?
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I'm buying them because I expect them to increase in value. I know I can easily secure them and also have exclusive access with no counter party risk.
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The JJG character is a real tour de force for NLC/BMB.
The dedication is very impressive.
I wasn't sure there for a while but he won my heart with steadfast determination and a ruthless penchant for mesmerising blocks of text. |
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Hey guys happy to see that this is still running. I was wondering why I didnt receive any payment since the month of march? Its not a lot but just wondering.  When you log in, does it say there are "payments for valkir on hold" at the bottom? Yes it does. Do I need to do something to reactivate ? As long as you have an address you control in the "donations for valkir are sent to" field you will get donations once they reach a large enough amount of BTC. Nothing else to do but wait for the money to roll in |
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hodl!!! edit- the new antminer for home is nice but waiting for the price to come down and bitcoin to rise is wise at this point. The effect of the halving has not come to fruition yet, I don't think. |
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Interesting times indeed! Just wondering what we have to spend on new gear and what you are thinking of getting? Any ideas? Also I'd be willing to host some gear if necessary for the Fall/Winter/Spring months here at home as I pay for electric heat usually anyway.
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We're headed back down again soon. The whales haven't finished eating panic plankton yet.
Think you're wrong, the market panic sold but rely bfx is an unlicensed, somewhat illegal exchange. It's all blown over now & the price is recovering. Bitcoin as a whole hasn't been damaged here, it's nothing like the ETH, DAO hack. I'm not saying there is anything wrong with bitcoin. I think the recent price movements were just sped up by the bitfinex hack but it was headed that way. The price movement from 666-604 happened without any knowledge of the hack and there is no way that many people had foresight of the hack to cause the decline. The most competent T/A folks were predicting it long before it happened, even to the price levels very accurately. People feel a little more confident now but we are going to test the lower levels again before it can rise appreciably in my opinion. I think we are looking at November- December 2016 before we see any kind of serious approach at new highs. |
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We're headed back down again soon. The whales haven't finished eating panic plankton yet.
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I'm betting down to somewhere around 420$ USD in the short term. I think she'll be vigorously defended there and then rise to ATH in a long and steep bull run.
How do ya like me now JJG  I'm not sure how to take folks who want to claim credit for some unexpected event, without even proclaiming anything in the neighborhood of such an extraneous event... and therefore, you don't get credit for the occurrence of some extraneous event when you did not say anything at all about such. You are like throwing a dart with the lights off and you happened to hit the target. So fucking what?  Oh c'mon! Give me credit for a random pick that just happened to work out. You'd be impressed if I swished the hoop from half court blindfolded wouldn't you?  |
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@ JayJuanGee I mostly just hold in cold storage with no intent to trade any time soon. Just a bit of fun for me with a small amount of change.
That makes your earlier comments even more ironic because they seem to be somewhat out of touch with your actual practice and actions. These days, it certainly is not difficult to make various efforts to attempt to align your BTC holdings in accordance with your view of their future price performance. I know that a lot of folks are really disinclined to sell any of their BTC and so they only buy upon dips and continue to HODL, but if they are like you, and if they really believe that there is a decent chance that BTC prices will dip into the $400s, then they should sell at least a portion of their BTC holdings in order to kind of align their investment with their views. The alignment does not need to be precise, but at least a ballparking of such. If you are only HODLing BTC, and you have no other plans in terms of the future price dip that you expect, then aren't you feeling kind of uncomfortable with the current allocations of your BTC holdings, or do you enjoy living in such high levels of discordance in your life? I'm not trying to be judgmental of you, because my perception of the whole situation, as i outlined above, seems really strange to me. I see it as a much bigger risk to play around with it on exchanges than being cold-storaged. See what I mean? |
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I'm betting down to somewhere around 420$ USD in the short term. I think she'll be vigorously defended there and then rise to ATH in a long and steep bull run.
How do ya like me now JJG |
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Where is the "anatomy of a bubble" graph?
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