You still short, Oldminer?

RALLLYYYYYYYYY

TO THE MOOOOOOOON

AND MAAAAAAAAAAARS

YESSSSSSSSSSSSSSSSSSSSSSSSSSSSS

YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

 

Obviously the market equilibrium for Bitcoins is $5 because

… cool number!

I expect it to stabilize around there in the following months.

Yeah right.

Following up on that thought: Shorting can give you 100% profit + if you borrow it, potentially unlimited loss, going long potentially unlimited profits with limited loss.

That’s the joke. Bitcoin will never be nearly stable until its price discovery reveals either 0 or 4-5 digit.

And the (lack of) Bitcoinica leverage was responsible for 7.22 and 4.64. So 50% of that move would be 4.6. What now?

We need this to be MUCH more common here, so,

Full disclosure: I am long BTC.

Bitcoin is finally getting stable.

 

Nah, forget it.

The S3052 newsletter most likely prevented that for now. Unless THE SUPER RALLYYYYYYYYY BITCOIN IS MAINSTREAM NOW WE ARE GOING TO OVER NINE THOUSAND kicks off, I still am convinced we will challenge 4.5 again, but it might happen much later, after a ridiculously small corrective rally in BTC terms (1 or 2 USD up perhaps). I hoped we would do a final capitulation with a serious reversal like from 0.55 last year so I can hold for weeks and months to come, but no.

This is now postponed. Next up: Hot potato.

Agree. But look what 5.2 is: http://www.sierrachart.com/userimages/upload_2/1331485270182.png

You buying up?

It is (or as it used to be when i subscribed) not only chart making but provides speficic trading advice, though … That’s the thing with the sudden updates. They make subscribers trade without any regard to the actual content just to be first.

I haven’t seen waveaddict do this until now, luckily, even though he too provides specific trading advice – but he simply does so in advance, not buy/sell right NOW.

From now on though I will refrain from talking about this again, as apparently many subscribers silently condone it (?).

It’s hard to profit off that. You have to be first and you have to get out first as soon as it seems to fail.

A criticism I have issued before. I think he puts up the price on his subscribers temporarily and makes them worse off. For instance, the buy(s) that made the 5.07 top was caused by one update as I recall.

Same thing happens on the bottom.

I don’t think this is a win/win scenario. People should come to conclusions theirselves, not act within seconds of some email just because they are "forced" to by others who do it as quickly as possible.

Agreed. Enough with the penny stock nonsense.

The more I read about such stuff the more bearish I become because it’s like we are desperate.

Thank you very much! Will definitely check this out.

OK, I agree that one should have a certain portion of BTC holding offline, depending on personal preference. I plan on arranging such a thing myself, but I want to do it in a way that will make me unable to access the coins until a certain date or event, so that I am guaranteed to hold. Any idea?

Which would kill the price anyway.

Also I doubt they will be hacked into again. But the US government attack remains, true.

Personally what what I never liked about this option is that I might get to learn about some impending catastrophe and wish to sell immediately, not after 6 blocks. I want my Bitcoins liquid.

I trust Gox pretty much now, so I don’t mind using them as a "bank".