stop raised to 229 (trend line), sell 50% now imho
got it. thank you. Ignore the short term technicals - they are manipulated heavily. The long term exponential trend line is all that matters. Everything else is noise. How many Elliot wave traders on this forum a) predicted the last bubble? b) earn their living trading?  |
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Lots more to close between 245 and 300. Remember shorts are different to longs. They can potentially incur unlimited losses. Crazy to short a commodity like btc unless you are 'in the know'
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Sent them an email. Waiting on a response.
Hopefully I hear something tomorrow.
This may be a blessing in disguise. I was about to transfer a good portion of my savings into BFX.
If there is a glitch then at least the loss was minimal. Instead of loosing everything.
I received an email back a minute ago saying they have put the money back into my account. Heads up for everyone on BFX. They said there is a glitch that made incorrect charges on a few accounts. I know this was happening yesterday and the day before. I wonder what could be causing it Anyone know what could be going on? They are upgrading their software... |
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Looks like someone doesn't like it to come back below 238.Interesting.
that's me  More interesting is what happens if that wall at 260 on finex gets threatened? Any up movement we shed 800 shorts immediately. Fireworks at 260. What we need is stronger support after price moves.. |
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Yes, but profit based incentives only work if you assume the adversary is motivated by greed. Excepting a major technical failure or something better appearing, the only foes I worry about with respect to bitcoin already own printers - and they aren't afraid to use them!
The question then becomes whether or not any technical solution is possible against attackers who have printers and aren't afraid to use them. Wouldn't it suck to implement countermeasures against such attackers that not only won't work and also hinder legitimate use or, even worse, make attacks more likely instead of less likely? I would have to agree that it would be impossible to defend bitcoin against an adversary with unlimited funds. They could attack the network directly with a 51% attack to smash confidence in the nascent store of value (that would go down badly on Wall st), or simply do as we must imagine they are doing now and use regulatory and legal means to try and keep bitcoin contained. But lets not forget the old price manipulation strategy, our friendly overlords central bankers have a vast experience of controlling financial markets now. My position is probably that even if they do kill bitcoin as a viable counter currency and store of value, that like a hydra, another will grow in it's wake, this time hardened in some way. It may be in their interests to simply allow bitcoin to exist as a digital asset, a digital curio, in the knowledge that currently it will not scale up sufficiently to function as a reserve currency. |
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Love the bots shoring up the asks to try and push the market lower. Any buying they shrink back Edit: vibrating cock rings? lol i feel old haha. |
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I looked ten seconds ago it seems and the price was 244. Now 242.
No matter this all low volume stuff.
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And the 15 min chart is back into the green! What did I say yesterday? Wait for a $9-$12 pullback for your entry point. Yes, that was me. You're welcome.
 Back over 1500 CNY |
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Seems that 240 USD is holding as some kind of resistance at the moment.
Neither bear nor bull are able to send us in either direction.
I thought we'd get to 250 by the end of the weekend, there's still time left but we seem to be at a crossroads at 240.
Can anybody hazard a guess which way we are set to go in the short term?
Thanks
Except at market extremes its a coin toss to say which way the price will go lfc.. |
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In bitcoinland?
I'm not sure about that. If the price doesn't increase that means the difficulty/hashrate have to halve as well. Meaning the entire network becomes 50% weaker. Against any attacker.
Bitcoin needs value not just to be able to transact significant amounts of money, also to secure the network properly.
What a load of complete bollocks. |
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Something that's more interesting than the anonymint noise is the under-appreciated fact that Satoshi believed Bitcoin's profit incentives were so strong that even if an individual accumulated a majority of the hashing power their desire to be profitable in bitcoin terms would be so strong that they wouldn't use that power to attack the network.
Maybe he was right and maybe he was wrong, but the people who are insisting that Bitcoin mining is too centralized should at least start out making their arguments by acknowledging that position and explaining why they believe it is incorrect.
Yes, but profit based incentives only work if you assume the adversary is motivated by greed. Excepting a major technical failure or something better appearing, the only foes I worry about with respect to bitcoin already own printers - and they aren't afraid to use them! |
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^Yeeeahhhh ignored ^  I just succumbed..we are weak! |
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What does that have to do with me? It's about TPTB_need_war, AKA AnonyMint, AKA TheFascistMind. What the hell is wrong with not needing to rely on the crutch of my extensive reputation because I can intentionally close my Hero account (before the BCX incident!) and as a newbie be immediately respected as credible, accurate, logical, etc? Lol. |
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Shaking out weak hands ....
Been a while since I saw this old chessnut, reminds me how much I miss Shroomskit who'd probably say something along the lines of: "yeah right, we've been shaking out the weak hands for 14 months now". But with a lot more venom. Oh, is Shroomy really gone for good? I just realized that I kind of miss him. He was a rare example of the bull-turning-bear-turning-bull-turning-bear-turning-2-btc-into-1-btc-turning-bear-turning-bull breed. Did he get banned or decide to stop posting? He was here for ages so there must be some reason he stopped posting. This thread seems much quieter than it used to without him. Well, that was the bottom. I picked up a shitload of super cheap coins. Thanks to you idiots selling at the very bottom.
Thanks for playing.
or...
This account has been abused enough. I'm gonna change the pass so the others can't access it anymore and log out.
I might be back on my real username. Who knows. Bye.
Blitz has a good post about shroomskit! |
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If we break out again this weekend up to 250 or 260, then you will really hear the trolls and NLC socks squawking loudly on every thread in the forum. The louder the shrill calls for double digit coins and 'fake recovers', the more we know those silly buggers including NLC haven't bought in yet Oh and we know the bulls are winning even with the price at 241 because the leveraged bears have all been margin called to silence (tarmi, NHJT, luckyenough, dumper, yourmother) shorting bitcoin at 220 expecting 160 coins lol. It bears repeating that none of the technical analysis experts on here (with their own threads) predicted the last two bubbles. So why should they be able to predict the end of a bear trend? All they can do is say 'line on a chart points up' or 'line on a chart points down'. |
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Just waiting for a big buy to scare the sell walls higher. From the flashing they are fake.
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Aaand we are back where we started. Who would have expected that... a dead cat bounce... shocker!
We most certainly are not back where we started, we are higher. I think you need to look up dead cat bounce in a dictionary. |
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we going to hold?  bear trap? (no new shorts..) |
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I feel bad that the bears just disappear when bitcoin moves up 20 dollars.
I haven't seen tarmi or NHJT since they promised us double digit coins!
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