That is exceptional. Now somebody short the hell out of this and let's retrace a bit.. please? You maniacs! LOL  |
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For those who don't know, masterluc has made some exceedingly accurate calls in the past - just check his history, he's one of the best and most consistent analysts that posts here in my opinion. here's my personal favorite: No legit target during few years. Fuck it, I go away.
 that one always made me grin, and made the inexorable drop over the next year more bearable, if only because it was expected... Well, he's back, and never have I seen such a bullish report: Bubble confirmed 99%. Fasten your belts.
Weekly rsi close above 50
Weekly SS also there
Weekly macd approaches to zero line
Weekly ADX on low start
Price close above weekly BB
Here we go.
I'm still hoping for a flat summer. "As low as possible for as long as possible." But I'm afraid the accumulation window is closing. Best of luck gentlemen.  Analysis never ends |
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Maybe I am wrong and stupid but I am shorting this for now.
I'm pretty sure you're not stupid, and I hope you're not wrong. A sharp pull-back from here would keep us in the 200-300 range I've been hoping would last all summer. Also would be a real kick in the teeth to all the building hype, so there's that tendency to move in the direction of most pain thing... But if we break above 300 and stay above 300? -- to me it would be analogous to when we broke and held above $10 after spending almost all of 2012 at +/- $5... meaning not a good time to be in a short position. |
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Am I the only one looking for a small scalp short for a correction?
I mean yes sure it's bullish, but it doesn't mean it doesn't follow any general market behavior ...
Don't you remember the "general market behavior" of bitcoin from November 2013?  What if this time it's *not* different? ------------------------------------------------- I'm not trying to advise or chide you for your strategy, everyone does it there own way, based on their own preference and experience. I'm sure you're not the only one looking to scalp the market and that's why it will probably work like a charm... I'm just posting a reminder that sometimes the market does not act as you think it should. If we have anything like a repeat of that fateful month in November 2013, I will be glad to be well set in a long term, non-leveraged position that was accumulated slowly in the 200's rather than trying to buy back in after a scalping attempt gone wrong as the market runs away from me. Best of luck everyone. |
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I am assuming that once we pass the $300 mark things really start getting fun.
I am a little frustrated today though. My husband told me that his aunt, which decided to purchase a few coins at $650 a while ago, called yesterday and wanted to bail out and told him to sell them all (he was holding them for her because she seemed to have difficulty with computer security). Really? Right when the rally is just getting started? Sigh. Now is the time to buy or at least HODL!
That is the definition of a weak hand. I don't feel sorry for those weak hands. If you can't keep your BTC safe, sell with loss. People who realise this opportunity will gladly buy them coins and make huge profits on short term. When it is family it is hard not to feel sorry for "weak hands". We will probably just pay her the difference later when the price increases, but that means that we are losing a couple grand just because she got scared and bailed.  I would have just sent her cash and kept the coins but we are not that liquid right now. Most of our extra cash is tied up.  That would be the worst thing you could do (ok, maybe not worst, that would be just telling your aunt the bitcoins were lost in a tragic boating accident and giving her nothing.) You may think you are being "charitable" but you are doing her and yourself a disservice. Losing money is how the market teaches lessons. If you bail her out she learns nothing, and you punish yourself for being right. It may be some kind of ridiculous, err, religious self suffering sacrifice thing, but don't kid yourself, you're not doing anyone any favors here. (Actually, upon reflection, I think I was right the first time; bailing out your aunt *is* the worst thing. At least if you were to keep the bitcoin and give her nothing she would learn a very valuable lesson about third party risk and you would be richer for teaching that lesson.) |
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For once in my life, I finally made a great trade. In my portfolio I had 3000 LTC from all the way back to 2013, was going to hodl it until LTC hit $100 (yeah I know, so pretty much forever). Made the decision to trade it all for BTC the day before yesterday at ~$5.5. Got around 60 BTC for it. Then watched LTC climb higher the following day. For a brief sec, felt a little irritated. But then made peace with my decision. My goal was always to try and get more BTC, and I did. Woke up this morning, and felt even better about my decision.  Of course, these lucky breaks never come very often for me... Well done sir. Kudos. |
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This litecoin rise won't brake anytime soon. Couple of other interesting btc-e coins will see even bigger gains in the close future.
This was all predictable if you knew more then to buy one type of coin and then just sit on your ass, trying to pray for success.
Ah Mervyn, if only we could all be as genius as you. Care to share which "predictable" coin we should start pumping next? It all seems so disingenuous when you only tell us of these "predictable" outcomes after they happen... |
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Calm before the (bull)storm?
Can we just change this to the litecoin observer for the next 48 hours?  If this isn't the top, then the top is gonna be something spectacular! (Fucking tiny pic won't take my images any more, any one have a suggestion?) |
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Are you trying to convince us? Or yourself? P.S. path of least resistance is up. Has been since that low in January. I expect general up trend to last until spring of 2017 -or until over 25k price, whichever comes sooner. |
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Fucking Litecoin's stealing our thunder
Here's a thought, I think there is a significant difference between bitcoin and litecoin miners. (random crazy thoughts courtesy of searing from when he said he was making around 500 litecoin per month with his titans. But he's not selling any... while I was only making around 3 btc per month burning about 5000 watts with my Neptunes) I bought the same deal he did, when originally offered by knc, but I stuck with the Neptune (bitcoin miner) plus the bonus one instead of taking the option of receiving a titan (script miner) like searing did. Setting aside the decisions of the past, one thing did strike me. Most bitcoin miners sell most of what they mine. I don't think there's any way to keep a large mining operation running if you don't. Most litecoin miners - or at least a significant portion - are like searing I suspect. The market for scrypt Asics was much smaller than the bitcoin ones and the scrypt miners seem to have less electrical overhead and seem to be more hobbyists who are hoarding rather than selling... It's just a thought, but there is definitely a different dynamic between bitcoin and litecoin miners. If the distribution of litecoin mining hardware remains more decentralized as the total scrypt hashrate continues to rise, one could even imagine a point where litecoin becomes even more secure against attacks from centralized effects than bitcoin. I don't know what will happen (nobody does) but if you were to follow this theory to it's conclusion, litecoin should reach at bare minimum a 1/4 valuation to bitcoin, and could conceivably reach parity or surpass bitcoin. (This scenario would require several devs to abandon bitcoin and move to litecoin... doubtful, but not impossible) |
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... I tried shorting litecoin, but not lately. Every time I exited with a tiny loss, just before a pump.
So I think it's still risky, I will only short it if I get the timing right, before the huge red dildo (that will surely happen).
yes, it's a risky business but somebody still has to do it. I dont mind if others arent at it, that means just more money for me. I wonder what happened with tarmi's litecoin shorting, in the 4 days since he posted this the price doubled. While I did pull a few hairs for missing out on this incredible pump, I sure didn't try to short the chickun. You don't need to wonder, just look at his post history, tarmi never loses a trade. Here's what likely happened...  |
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If Chinese money goes to BTC... we will be on the moon very soon
Why aren't the Chinese buying btc then? I believe there was a ban. Hasn't this been lifted? Wish they'd bloody hurry up Apparently they prefer LTC.  Or haven't you noticed what a real rally looks like? |
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just a question, how many of you do actively trade bitcoin currently?
"Actively" is a vague term. If by actively you mean daily, or even weekly, then no. I do trade, but I don't try to guess the market. Last time I sold was at 900+ and last time I bought was at 270 CAD. (Though I was buying from 600 and down, buying heavier as we got lower) If price goes back under 300 CAD I will buy again, if price goes over 5000 I will sell some. So yes, I trade, but I'm only "active" when I like the conditions. Right now, my position is set, and I'm just watching the market go sideways. (Slight upwards tilt is nice, not gonna lie ) |
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Oh, so the lead developer of a software project is not necessarily the most competent person alive when it comes to matters of international economics? Who da thunk it?
Come on, are you f***in serious?
He's a software developer, not an economist.
Now close this thread.
This! It's not just about Gavin's expertise in international economics. It's about betting Bitcoin's future on Gavin's dubious assumption that " we're about to see an explosion of bandwidth to the home." Hoping for the best is fine, but we must also plan for the worst. worst being gavin and all the scumbags of TBF... oh and google kid hearn. + its not like these devs have actually worked on bitcoin core lately anyway. It's OK, The real bitcoin foundation is hard at work cleaning up the bitcoin code --> http://thebitcoin.foundation/V 0.5.4 should be coming soon! |
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Meanwhile the currency of the future continue to get choked with spam txs.  Will there be daily stress test? Bears might open a Donation fund.. https://tradeblock.com/blockchain/Transactions 52,091 Total value 62,656.70 Total fees 2.8217 Total size 44.54 MB A lot of these lately? From Blockchain.info "Warning! this transaction is a double spend. You should be extremely careful when trusting any transactions to/from this sender." Also this (and others like it) keeps showing up. "Public Note: SPECIAL OFFER ! SEND NOW 0.01 TO THIS WALLET AND GET 0.02 INSTANT ! OR SIMPLY CHOSE ANY MUTIPLIER & BTC AT XmyBTC.COM - ( this offer is valid one time only )" Increasing the block size does nothing to prevent or dissuade this spam. The double-edged sword of censorship resistance. |
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Anybody worried about this yet?  Thanks flat earth 1MB maxblocksize aficionados! Nah...  A Peer-to-Peer Electronic Cash System* * A limit of less than three transactions per second occurring on planet earth may apply.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
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What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.
Those banks can't handle even one full day of withdrawals. depositor's haircuts?
What happens after banks are closed for two weeks? Civil unrest? riots?
"OXI" on the referendum is not the end of the story. It's just getting started.
they have an ingenious idea how to fix the 'interest to infinity' debt slavery system that is broken atm .. they are going to print up some more euros and extend an emergency loan to greece but they have to promise to pay it back this time for real.. scouts honor. and then they plan to release a new fiat reserve currency which will be superior to all the rest since this new fiat reserve currency will not have cash. that will stop the bank runs once and for all. they don't need a blockchain. that would hamper their ability to steal (corruption) and to add more 1's and 0's to make more money on the fly. -5% interest rate to keep your money in the bank (like u got a choice in a cashless system). they can stretch that 'interest to infinity' debt slavery system out for at least another ten years.Very astute. The money doesn't matter. The amount they owe, it's flexible... they can negotiate. What is most important is that they continue to owe, and they continue to pay. It's not about dollars, or Euro, or Drachma. It's about power and control. It always is. |
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What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.
Those banks can't handle even one full day of withdrawals. depositor's haircuts?
What happens after banks are closed for two weeks? Civil unrest? riots?
"OXI" on the referendum is not the end of the story. It's just getting started.
Greek banks will be closed tomorrow. And in the mean time idiot dumpers keeps dumping. Hello idiot dumpers buying back above. Can you believe there are still people dumping?  Have to admit, I do miss that avatar along with the owner's ramblings...  These traders just can't bear the thought that their coins are worth more money. Just keep dumping you idiots!! An offering, in everlasting reverence of our deadly departed...  |
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