Do not worry guys, is just that Gox's volume is so freakin' high that they are "overwhelming" both the biggest bank in Japan and the BTC network. They are just a victim of their own success, as they stated many times is just "the traditional banking system unable to keep up with BTC's thriving economy". It seems that the Bitcoin network is unable too to keep up with Gox's huuuuuuge volume. Oh wait. Fiat deposits are still processed steadily, I guess its only the withdrawals what "overwhelms" the poor people at the bank. And BTC deposits are processed quickly too  |
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And he has pretty much nailed the structure so far. Kudos to Lucif... Its incredible how he turned from perma-bear to reasonable and mostly spot-on analyst  |
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Shorting = borrowing coins to sell them, in the hopes that the price per coin will be lower when you have to give them back. A "short sell" is to sell an asset (BTC) you don't own, you just have borrowed it to sell it because you anticipate the price to go down.
That's extremely dangerous with BTC, because the price has the potential to double multiple times very quickly, and thus you can face huge losses by shorting.
That's what "shorting" means, but in these forums many people say they are "short" when they have sold coins, which is not correct. What can you expect in a forum where most of people thinks that ROI is a synonym for break-even....
"Shorting" is that you own any asset that you don't need, but you decide to not sell it and purchase bitcoins instead. Shorting USD??  |
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Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed. For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity Gotta love bitcoin.... So what happened to bitcoin must crash to 50-40 in order to fly to the sky? It crashed to $50 on April 10th, tough Let me add that: - being a bear is very satisfying*. If you are right, you are right; if you are wrong, you are rich - I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me. *I assume that bear or bull, nobody sane is 100% fiat, ever. The chances of the choo choo train leaving you behind are too high. This is why even the super-bears as Blitz do not short BTC Is it shorting only when you are all out of coins, but when you sell 50% of your coins it isn't? I'm just curious because people use this word differently. Shorting = borrowing coins to sell them, in the hopes that the price per coin will be lower when you have to give them back. A "short sell" is to sell an asset (BTC) you don't own, you just have borrowed it to sell it because you anticipate the price to go down. That's extremely dangerous with BTC, because the price has the potential to double multiple times very quickly, and thus you can face huge losses by shorting. That's what "shorting" means, but in these forums many people say they are "short" when they have sold coins, which is not correct. What can you expect in a forum where most of people thinks that ROI is a synonym for break-even.... |
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From Bitstamp's news section, also posted on twitter:
Dear Bitstamp clients,
We are pleased to inform you that Bitstamp has successfully resolved both (1) the networking issues that made our site unavailable and (2) our issues with our banking software.
Bitstamp has caught up with all pending deposits and withdrawals. Only standard banking processing should remain in delivering your transfers. We kindly ask our customers with pending transfers to remain patient and refrain from submitting additional support tickets on the matter to avoid any unnecessary delays.
Thank you for your understanding.
Best regards,
The Bitstamp team
If they were processing withdrawals fast there wouldn't be tickets. Don't like them asking for patience. I asked for a withdrawal today, lets see how long it takes - I will report back. |
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Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed. For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity Gotta love bitcoin.... So what happened to bitcoin must crash to 50-40 in order to fly to the sky? It crashed to $50 on April 10th, tough Let me add that: - being a bear is very satisfying*. If you are right, you are right; if you are wrong, you are rich - I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me. *I assume that bear or bull, nobody sane is 100% fiat, ever. The chances of the choo choo train leaving you behind are too high. This is why even the super-bears as Blitz do not short BTC |
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Every time it's a bigger bubble, bigger losses, and more negative publicity.
Did you even bother to look at the chart before claiming such nonsense? Your so called "bubbles" are becoming smaller and smaller every time and volatility is decreasing! Look at the all-time chart to see it yourself. This. |
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resistance on $650 (stamp) is growing. +2300BTC before $650.01
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Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed. For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity Gotta love bitcoin.... |
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Bitstamp had "banking software problems" and didn't credit any deposit for +1 week, they just solved it, that's why bids grew by almost 50%.
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$12.92M on Stamp's order book. That has to be a record high.
Plus $24.51M on Gox's. Healthy amount of bids on BTC's exchanges, that's a fact.
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Well, it's higher then like, well, last week. So it's not really a crash. More like it was unsustainable for the price to keep going like that.
Not really a crash? Seriously? So when the price went from 200 to 900 in 2 weeks i guess it wasn't really a rise.. Pay them no attention. They seriously use that rationalization every single time we crash. This is what is known as "denial". I'd post the sentiment chart, but it's really been overdone. WEAK HAND DETECTED WEAK HAND DETECTED Can you even hold a bottle?! Mod trolling a mod? I think we will be moving a lot. Price fluctuations are getting bigger and bigger with each new upswing. This is gonna be a wild ride indeed. |
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I get same picture everywhere. However Gox shows more clear EW picture. And bitstamp breaks its feed second time in a week.
Bitstamp is really starting to disappoint, in my opinion. Bitfinex not much better either IMO. Mtgox not worth mentioning. Where to go, where to go... OTC my friend. Unfortunately no exchange is reliable. |
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I do not think that "risk management" strategies are sound for BTC. In my book the only way to go is the following:
Invest in BTC an amount you are ready to lose
Don't forget to realize some fiat profits, because unrealized profits = non-existent profits.
Practical example:
Somebody that invested in January this year has already a 50x unrealized profit. Wise thing in my book would be to sell at least 10% of the BTC, cashing in a healthy 5x profit on the initial investment, while keeping 90% of the BTC for the next cycle.
I'm using this strategy myself, with a clear exit plan I tend to follow strictly. I was lucky because I managed to reach x100 in the last run-up (BTC doubled 3 times in 4 weeks), but I would have cashed out even at x50.
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I always knew Proudhon was a "reverse psychology" fan, he has always been loaded, and he liked to speak about how BTC was a bubble to have a guaranteed satisfaction: if it went to 0, then he was right. If it went to 5 digits, then himself and his kids and the kids of his kids are all set for life. Now... he's rich |
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I'm still not receiving withdrawals emails.
I get the feeling as if Bitstamp was robbed and they sneakishly shut down withdrawals.
I'm not receiving withdrawals emails neither. Not looking good. |
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Please add a buy order for 40 MSC @ 0.115BTC
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wow so I lose about 2000$ selling on bitstamp to discover that bitstamp stopped doing withdrawals and is down.
Bitcoin..
Its not even possible to do medium size BTC withdrawals, at least for me. And Nejc/Hazek is/are nowhere to be seen. Bitcoin... |
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Nice. On Gox money goes in, money doesn't go out. On Stamp, money doesn't go in, money doesn't go out. The rest of the exchanges? A bad joke. Nice ecosystem and infrastructure we have. So much for the singularity fans |
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