Expecting price rise to ~$350 - then down to ~$220 revisiting the current level. Time horizon: March to May.
What do you expect?
I expect the trolling to reduce markedly over the coming months..
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It never misses... Every time I buy, btc price drops right after. Why do I even try???
Don't worry it was surely going to be countered when I decided to do a bank transfer to bitstamp yesterday... always goes up before the funds arrive I now spread out my purchases weekly on circle. Avoids payday disappointment.
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Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?
More buying from the unleveraged. edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol.. A lot of people were hoping for it. It was never going to happen. Well never say never But there are currently 23000 bitcoins which have to be bought back on just bitfinex exchange alone. The typical number of short contracts since finex began is between 5 and 10k. Even if we just head back to 15k you can see on the orderbook how far up that takes us when those coins are bought back during capitulation or liquidation purchases. We haven't seen a squeeze yet.
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Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?
More buying from the unleveraged. edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..
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this looked promising, but already out of steam near the long term resistance.
smells like a bulltrap indeed, waiting for a confirmation to dump.
we are waiting for confirmation you bought..
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What is that x60 faster thing any way? How does it effect the protocol?
Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB. He noticed that the nodes were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again. That wasted time impacted the time needed to propagate a block from node to node. He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too. That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms. Where can one find more info about this? /r/bitcoin top post..
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Refreshing post. Worth saying that the 1w macd didn't cross the third time. But was pushed down instead by heavy short selling to exacerbate the bottom of the bear market and create a massive washout. I agree with the sentiments. Need blinkers on not to see light at the end of the tunnel now
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Yeah we are in one of those interesting moments where a big buy will force shorts to capitulate and push the price rapidly up into the 250's. Retail short sellers are all in. Long's watching Shorts not really capitulated much yet. Let's see how this develops. If the price holds then it could move up quickly to 270's. Oh and NLC may stfu for 24 hours.
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What is that x60 faster thing any way? How does it effect the protocol?
Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB. He noticed that the nodes were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again. That wasted time impacted the time needed to propagate a block from node to node. He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too. That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms. That is good news for people running nodes, but it will not be noticed by ordinary clients. The target block rate will still be 1 block every 10 minutes. scalability looking good..
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Only a blind man couldn't see that coming. Retail shorting at all time highs. Bullish order books. Coins drying up for shorting.
Edit: lots of short traders still..excellent
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'This user is currently ignored' really noisy today. Sad fucker.
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I am sure it no coincidence that around the same time of day that NLC starts posting other sock puppets start yapping.
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chinese exchanges will soon take over an ever higher percentage of the total volume.
If you mean fake volume then sure..
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So what do we think happens if/when it *does* recover, after base-money has been expanded by $Ts? Can and will the Fed contract *perfectly*? This all boils down to how well they can thread the needle.
I don't know about you guys, but my bet is that a small group of people can't perfectly handle an increasingly complex (mathematically chaotic) system with almost absolute perfection over arbitrarily long time-periods.
The problem is that the Fed keeps purchased assets in its balance at purchase value. When they are sold the new, probably inferior, value would have to be recognized, and the difference will be inflation. How they will do this in a controlled fashion is anyone's guess http://mises.org/library/can-fed-successfully-exitWhy do they need to be sold? Why do people worry about Americas debt to GDP level when 1/3 of it is held by the federal reserve (and therefore does not exist in the conventional sense of carrying a cost burden)?
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Yeah we are in one of those interesting moments where a big buy will force shorts to capitulate and push the price rapidly up into the 250's. Retail short sellers are all in. Long's watching
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It could easily be much worse. Last time the Fed slashed interest rates to zero to stop the hemorrhaging. They are STILL at zero seven years later. There are very few bullets left in the gun without resorting to outright counterfeiting. This has already started in Japan and Europe (quantitative easing). The entire system is leveraged to the hilt and nothing will stop the deflationary pressure when the money multiplier of fractional reserve lending runs in reverse. There could be bank holidays. After that, capital controls. This will be much different than what's happening in Ukraine. It will be a deflationary collapse. In the US... They've doubled the money supply in the last decade, and the only tool is printing more, where does deflation come in, in this equation? The narrow money supply is a tiny amount compared to the leviathon of credit money.
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No. Look at the orderbooks.
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Anyone can make their own coin on the same fundamentals as bitcoin and claim it's interchangeable 1 on 1.
You can claim a parity exchange rate. You also need to back it up. The only believable way is to own the same value in bitcoin for alt owners to exchange, similar to the gold-standard. Or use a sidechain with a fixed peg. Either way OP is wrong.
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Shorts over 24000. Price static. 1400 coins available to borrow at any price. Go retail!
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Since were braking up from here, if bull volume fails were probably ending up in 160$ around double bottom
Explain how? I don't see this as a possibility at all. If the push is not strong enough at this time more sideways action is more likely than a dump. The way I read the market there is absolutely no incentive to sell coins below $220. Sideways action is usually bearish. Depends. Sideways (on falling volume, even) could either lead to a sudden break of resistance like in May, or of support, like in November. Your guess is as good as mine, although I'm slightly leaning towards upwards, because of the sheer size of the January capitulation. Hope so. Finex shorts at 23k. Nothing to see here.
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