I thought bitcoin really looked more like the NASDAQ index than the S&P500 when they overly the lows like that, not sure why the author picked the SP500 instead. After all, it is just six years old. But when I look at Bitcoin’s venture capital investment — more than the internet at a similar age — increased developer interest, its growing merchant and user adoption, and generally favorable comments by regulators, it’s clear that its long-term prospects are stronger than ever. There is no proven way to time the markets. But if time travel were possible, wouldn’t we all like to go back to invest in equity markets at historic lows? The question is, if we had a crystal ball to allow a peek at the world in 2025, would we kick ourselves for not investing in bitcoin today?
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DRK just broke 0.01 on the downside
I wonder if Dark community is joining into Monero community. If they don't like "DASH" what makes you think they'd be crazy over "Monero"? Monero offers real anonymity without the risk of centralized masternodes. And don't forget http://xmr.to , VERY useful for making bitcoin anonymous through the use of Monero. |
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DRK just broke 0.01 on the downside
I wonder if Dark community is joining into Monero community. You'd hope but atm there is hardly any liquidity for them to sell and get out, unfortunately this may end up being a coin that creates some serious bagholders, I hope it doesn't, nobody really deserves to lose his shirt. Once I learned about masternodes, how they worked and saw everyone host them on amazon cloud....I quit Dark. Dark/Dash will end up becoming the honeypot traps of the cryptoworld. |
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its time for action  192 soon behind us? sell side collapsed, lets see how high we go The first hour of trading is showing: absolutely nowhere. I told you we need a breather, and we are going to have one. What diverges from my plans (wishes  ) is that it seems quite reluctant to go as low as predicted. Last time it came back all the way to 100k but that is not happening anymore due to so many more buyers. But the present buyers are likely not lifting it above 200k either. They are not that many. In the grand scheme of things, we still have 1-3 months of accumulation below the recent highs, and when it's over, it is over and is not coming back. And we broke 0.00219!!!! Woot woot! This is like being involved with bitcoin pre-2010  |
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Thats bitstamp fool. Nobody uses that anymore.
 you mean p&d crew and clowns like fontas dont use it anymore? probably right. but! 7 k to 300 on stamp vs 5k to 300 on bitfinex so better wire some real cash asap. I thought Fontas used to pump and dump altcoins. Was he able to do the same with bitcoin? I didn't figure he had THAT much capital to mess with. |
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Whelp I'm about to lose a shit load of money when I get margin called on my short. That's what I get for doubting The Bitcoin :p
Also the reason I only trade with funz money.
At what price will your position get liquidated? Around $294 on Okcoin futures. I got margin called and poof its all gone. I just lost 1/8 of the total amount of BTC I've made with trading futures. |
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Whelp I'm about to lose a shit load of money when I get margin called on my short. That's what I get for doubting The Bitcoin :p
Also the reason I only trade with funz money.
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i think the price will stay 275-285 for few month...
That is an incredibly narrow range. When has bitcoin ever beem that stable for months? |
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There has been so much divergence that to update it now would just look ridiculous. He will update it when the price rises to be more in line with his predications.
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I'm not even sure to what to make of the bitcoin price nowadays. It used to get small pumps followed by large dumps driving the price down. Now it gets large pumps that occur in very short time frames, then small dumps, mostly with a small upside to the price. Was the recent low around $220 and now we are on a long recovering phase from there? Or is this just a pump and dump cycle that hasn't had its true dump back to low $200's yet?
Also is this likely a single buyer that makes these huge short terms pumps? Or market orders getting executed near the same time? WTF is going on?
that's the difference between a bear market and a bull market. But how would you confirm that this is now a bull market rather than just a larger pump before an larger incoming dump (thus still being a bear market?). And hopefully other than some fancy TA lines drawn on a chart....are there any other indicators such as volume, price velocity or MACD etc? --I'm not really a trader so these concepts are rather new to me. Well its pretty obvious that we've been in a bear trend for quite awhile. And now I think it could still be debated whether we are in a bull market yet. I think we're in a transitionary phase. Bulls are still cautious but bears are starting to lose power. Yeah that is my point. It is very obvious that we have been in a bear market for a looonnnng time, however what would we be looking for in order to confirm a new bull market rather than just a small pump / temporary break from the trend prior to another dump? Due to the prevalence of bull vs bear market analysis there has to be some sort of well developed indicators that traders use to determine short term bull vs short term bear market rather than just "oh hey the price is finally going up therefore we are now in bull market!" --Or at least I hope the "science" behind the study of markets is more developed than that  |
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Hello, does anyone know if the Wallet32 developer for android visits these forums and/or does he already have a thread? A quick forum search did not show one for me.. I'm trying to request that he add support for the Trezor via an OTG cable for android devices. I see that his email is: ken@bonsai.com on google play but I prefer open discussion if anyone knows what forums/threads he hangs out on |
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I would also like to request that Mycelium add support for the Trezor hardware wallets with the use of an On-the-Go cable. I believe the Trezor team has already put some code on GitHub as an example of how to incorporate it into multiple wallets. Thanks for your consideration.
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Jan, can you please add Trezor support to the Mycelium wallet with support for the OTG cable for andriods?
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So I tried the Trezor with the Electrum 2.0 wallet today and it worked like a charm. Glad to see another wallet service that has implemented the Trezor successfully. I'd like to see if you guys could make any progress with getting Mycelium or Wallet32 to implement it next curb your enthusiasm : ) there are a few issues if you play with electrum long enough. p.ex. it hangs when creating new wallet (like one with password, one without password), wait at least the bugfix release 2.0.1 is out. but yes, it looks very good and they did great job. I've been using electrum development version from git for about half a year now with trezor. I only once ran into a serious issue and that has been fixed a long time ago. I've been using Electrum with my trezor and have had no problems over the past few days. I can tell you that when creating a new account on your trezor via electrum that it requires 2 confirmations on the first payment address before it creates the extra public addresses (I'm not sure why it has to do this) but that really hasn't been an issue. Molecular I'll send those wallet developers a message about adding trezor to their wallets. But out of curiosity since it's your product couldn't you just make a pull request for the wallets, implement it yourself and serve it back to them on a silver platter? I know that means extra programming for you guys but it seems if the trezor is useable on more and more platforms that it would eventually increase your sales as well as keeping your customers very happy |
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I'm not even sure to what to make of the bitcoin price nowadays. It used to get small pumps followed by large dumps driving the price down. Now it gets large pumps that occur in very short time frames, then small dumps, mostly with a small upside to the price. Was the recent low around $220 and now we are on a long recovering phase from there? Or is this just a pump and dump cycle that hasn't had its true dump back to low $200's yet?
Also is this likely a single buyer that makes these huge short terms pumps? Or market orders getting executed near the same time? WTF is going on?
that's the difference between a bear market and a bull market. But how would you confirm that this is now a bull market rather than just a larger pump before an larger incoming dump (thus still being a bear market?). And hopefully other than some fancy TA lines drawn on a chart....are there any other indicators such as volume, price velocity or MACD etc? --I'm not really a trader so these concepts are rather new to me. |
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I'm not even sure to what to make of the bitcoin price nowadays. It used to get small pumps followed by large dumps driving the price down. Now it gets large pumps that occur in very short time frames, then small dumps, mostly with a small upside to the price. Was the recent low around $220 and now we are on a long recovering phase from there? Or is this just a pump and dump cycle that hasn't had its true dump back to low $200's yet?
Also is this likely a single buyer that makes these huge short terms pumps? Or market orders getting executed near the same time? WTF is going on?
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-buying something yes, small thing, like games on steam
Steam accepts bitcoin?!!!? I had no idea, that's SWEET! Not yet. But I've used https://www.steamloader.com/ in the past with good results. They require 2 confirmations (at least when I did it), but I received the code on the webpage afterwards without any problems. As far as the OP goes. I bought and held today and then did some experimenting with electrum 2.0. Tomorrow I will be giving $5 in bitcoin to a friend that has never used it before. |
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there will be no effect, since they can't dump something purchased for 30% more, unless they are stupid, also i don't think they want to crush the price, therefore in the case of a dump, it will be done outside of the market
Why would they purchase something for 30% more if at all they want to dispose it? All we know is that at the bitcoins sold at least for greater than 17% less than market price, so at LEAST $224. But no where was it said that the buyers paid more than 30% market price! |
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Monero needs to find more buyers.
Otherwise after Risto's friends have their positions, there need to be more strong hands holding the coins.
Some kind of new adoption is needed, too.
Perhaps a few merry news on Coindesk will bring more people into Monerosphere.
Like I told, the adoption is expected to be exponential, but the base level is very small, just "me and my friends". If we can't make the transition to higher adoption in 1-2 months, even the current price is unsustainable. I still don't regret buying, because everyone in my circles is in for the long game, but if the downtrend resumes, the newcomers will get to buy cheaper. That is the nature of speculation. While most of the price is probably speculation, the anonymity factor is huge as compared to bitcoin. Also with the addition of xmr.to that adds real usefulness to Monero that has true value IMO. |
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