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Bears a playing a dangerous game... markets don't fall forever friends. Have to learn how to recognize and play both sides.
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Keep selling guys, there's always someone with stronger hands at the other side.
or a much stupider hand, you know, it could turn out one way or the other. if XCP was a sure thing, everybody and their mama would have some by now. If there's a sustained BTC bull market, the good altcoins will likely get a pump, XCP included. Right now money is coming out of alts, into BTC. |
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Well if nothing else, this is gonna make the auction a bit more exciting.
Price markup before the auction. The market's job is to trap traders into poor positions and use the resulting emotions against them. This also means as few cheap coins for as few people as possible. Once the news turns positive the average person has already missed the boat for max profit. |
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Come on Lamby buy back in.
You know you want to.
The pay is certainly better, thinking for yourself rather than for someone else. |
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Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.
You really are not much of an economist, are you ?  How does such an oversimplifying way to look at economic choice even go together with your ability to solve abstract mathematical problems? Okay. To name just one objection to such an incredibly naive model of the market: Misrepresentation of your actual valuation for strategic purposes. Similar to the misrepresentation, "tactical voting", in voting theory: sometimes it is individually rational for an actor not to cast a vote according to his sincere preference. Are we sure that this is the real Jorge Stolfi? Maybe the real Jorge Stolfi is a reasoned and thoughtful person who knows what he's talking about. Maybe we are contributing to damaging his good name and reputation by arguing with this imposter. Brazil can't be that desperate. I've been in contact with the actual Jorge Stolfi--he himself disavows any knowledge of the imposter here who spends his days arguing with kids about Bitcoin, and whose posts coincidentally occur near the end of "troll waves" where all the trolls and their sock puppets quote each other to reinforce a point. |
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I see the FUD factory is back and cranking, right on schedule.
Pretty lame guys.
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Price doesn't need news to go up or down.
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Regardless I would choose SSD over HDD for any application. You simply can't go back after using them. Plus you get hardware level drive encryption.
I use both in my home system. The SSD is getting a bit full though and it's getting time for an upgrade. Because we all know what security is, please don't entrust your bitcoin wallets ONLY on SSD drives. They tend to fail too... What's more important is, that they're harder to recover.  No worries, I back up regularly to an external mechanical HDD. And I use deterministic wallets so you only need the seed to recover even if the SSD suddenly fails. |
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Ps: i recently moved my blockchain files from my 128GB SSD to an HDD, and was shocked how much longer loading bitcoin-qt took. It went from being about 40-60 second loadtime to 3-4 minutes. SSD drives are the future, and will make read/write/storage of the blockchain quick and simple
But most of the blockchain is static, unused data, making it a poor candidate for SSD. And I wonder it Bitcoin is SSD friendly. Does it do a lot of read/writes or is that mostly when a block comes in? I wonder if it would make sense to have the client split the blockchain to use the appropriate device for the appropriate use case. Maybe this could be done with symlinks on *nix. Regardless I would choose SSD over HDD for any application. You simply can't go back after using them. Plus you get hardware level drive encryption. |
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We're looking at a move to $300. The effort vs. result in volume is not surprising... selling has been cleaned out during the previous consolidation and the market is ready to move up.
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Price seems to be going down a bit now. But I don't think this is going to end in another flash crash. And even if we should go down as much as last night, it will only show the resilience Bitcoin has managed to gain over the past weeks!
to me it looks like a slow grind down. We've been consolidating with higher highs since Feb 30. Hardly a grind down. |
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The buyers at the auction will probably hold on to the coins for awhile
They are a lot more likely to hold than exchange users IMO. The fears of them dumping on exchanges are pretty silly really. My thoughts too. It creates a scenario where businesses who normally would not risk wiring money to an unlicensed exchange can buy large amounts from a trusted source. The bidders will be professional investors, not kiddies who trade their 2btc back and forth and troll Internet forums talking their books. |
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I think you're completely off your rocker. From here, it's straight to the moon!
Nah. Not with the current market conditions. I'm still expecting a price drop to at least in the $220 range. If that happens, I'll buy some coins for myself. I still consider that range quite a loss though, but my view is two-sided at this moment. Hoping that it will break resistance and see some coins beyond the $240 mark and at the same time, hoping to buy some $220 priced coins. A $20 difference in price isn't really that much if you are long-term bullish, but wait it out if you want. This last consolidation period has been defined by rising bottoms, which is bullish, so keep that in mind. To put it in perspective, I used to stress about $60 vs $80 coins. Turns out it doesn't matter too much now. |
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Leveraged longs are going full retard on finex  think it's a full cycle, shorts going up they turn more bulish and leverage more, shorts see longs going up and short more ... What makes you think being long is a poor choice? With a couple of big crashes in the background, who is left to sell? Less selling = less supply to stop rallies = rallies gain steam = bull market Less buying = less demand to stop crashes = crashes gain steam = bear market When 10k coin market sells doesn't do much to the price, it's time to rethink being a bear. |
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Not much going on, true. But I also believe it's even incredible that there's more money going in when people aren't able to cash-out. Do you think people may be more tempted to buy on Coinbase or future ETFs, maybe?
The feds selling off chunks is also helpful for investors, they don't need secondmarket as much to get involved. It does seem a shame that they aren't continuing to accumulate though, at least they aren't dumping... If I needed to accumulate I would have done so near $180. I'm sure there were many professional interests at that level willing to buy from weak hands. |
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I think we would have rallied past $300 if the Bter news hadn't happened. It was a strong rally with lots of volume and not much selling.
Because of Bter there are additional sellers trading the market, many of whom are stuck in bad positions near $230 and hoping to get out. Just a waiting game at this point.
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We get the trolls we deserve.
DON'T QUOTE THEM
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