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This thread is super random.
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BitPay is using Bitcoins. It may be USD -> BTC -> USD, but there is still a BTC link in there.
I think of the currency war like netscape thought about the browser war. They needed navigator on the machine first even though they were offering it for free so they could then extend netscape's influence on the machine slowly. Its a lot easier to get somebody to not exchange a currency they already use rather than telling them to switch to a currency they have never heard about.
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Well... $130 was cheap.  |
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WTF happened while I was sleeping. Paypal Recognition? $20 rise? Huge sell wall "missing?" Sub-100k sells, lowest since before the crash? o.0
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Buy a couple of these. Certain firearms rarely go down in value, and this one in particular just keeps getting more and more valuable.
[img]
If you want smaller.
[img]
Edit: Also certain calibers of ammo are in a huge bubble right now, shelves empty. Wait a few months and it may start to get dumped on the market for below retail. Buy several thousand rounds of 9mm, .45 Auto, 5.56x45, 7.62x39, and .22 long rifle. Wait until the next gun legislation scare and sell for 4-5 times what you paid with ease.
This is probably only applicable to US though.
That sounds like a huge pain. I have no idea how I'd either buy or sell these without going somewhere I would much rather not go. Well, as I said, it's probably only applicable in the US, so if you don't live there, disregard. I don't know the firearms laws for most other countries around the world. All this is completely legal where I live, and quite easy. I do in fact live in the US, but in CA. I suppose I could try playing the silk road, but it seems like more trouble than its worth. There is no way I could possibly hedge my huge investments in the market by essentially becoming a gun retailer. |
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Buy a couple of these. Certain firearms rarely go down in value, and this one in particular just keeps getting more and more valuable.
[img]
If you want smaller.
[img]
Edit: Also certain calibers of ammo are in a huge bubble right now, shelves empty. Wait a few months and it may start to get dumped on the market for below retail. Buy several thousand rounds of 9mm, .45 Auto, 5.56x45, 7.62x39, and .22 long rifle. Wait until the next gun legislation scare and sell for 4-5 times what you paid with ease.
This is probably only applicable to US though.
That sounds like a huge pain. I have no idea how I'd either buy or sell these without going somewhere I would much rather not go. Furthermore I have no desire to be associated with the sale of such weapons. |
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Due to IRA restrictions I can only invest in certain specific things. (Don't even get me started on my 401K restrictions, those are downright insane, I can only invest in my choice of like 20 mutual funds that take huge cuts of my profits and take 3 days !!! for me to sell out of.)
I've noticed that lately nearly all my ways of hedging have been destroyed, even in the IRA which I have a relatively large amount of control over.
1. Contango has made investing in VIX ETFs basically impossible for any non-minute amounts of time.
2. Gold has been absolutely destroyed. I'm following the "holding for the longest time" ideology on my current investment, but considering the amount of loss I have taken in the past months I am hesitant to buy any more, I think I'm a bit overweight there.
3. I basically can't trade forex on my broker, a few years ago they randomly eliminated the opportunity to invest with any leverage into any foreign currency (except through their oh-so-valuable proprietary ETFs).
4. Now my broker randomly "turned off" my option to trade with margin. Bye-bye shorting. In order to have them turn it back on I have to physically mail them a document with my signature to AZ. God knows why they need it again, I remember going through this BS a while ago.
5. My broker says I could reduce my risk by buying bonds. Ha, ha that stopped being a viable option years ago.
I like to consider my Bitcoins a sort of a hedge, and I was just wondering if anybody here can think of any others. I literally freaked out when the market crashed today, fortunately it came back. Next time I might not be so lucky.
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It can, but I wouldn't bet on it. In fact, I currently am betting against it.
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 ? |
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Shutting down exchanges? Oh no, whatever shall I do, I can't sell the coins I wasn't selling anyway.
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February 11: Largest Wikipedia Search Volume for "Bitcoin" in history March 11: Revenge of the Noob Blocks April 11: Market Crash May 11: |
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Situation looks very similar to April 7th from that graph, volume numbers are also similar. Main difference is though that total bid sum (and ask sum too) is way higher.
Yes really quite remarkable. April 7th set us back almost exactly 2 weeks. We won't be truly out of the woods until the ask sum roughly halves. My preference (as if I what I fancy has any influence at all  ) is that the total ask remained high so that people don't get the 'out of the woods' feeling resulting in another bonkers spending spree and its inevitable consequence! I like loads of bitcoins on the order book as a constant reminder that people will sell if the price is right and could easily sell loads - so don't get carried away with the buying! Well, there's ~25k of that orderbook just to $150. |
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Situation looks very similar to April 7th from that graph, volume numbers are also similar. Main difference is though that total bid sum (and ask sum too) is way higher.
Yes really quite remarkable. April 7th set us back almost exactly 2 weeks. We won't be truly out of the woods until the ask sum roughly halves. |
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No significant resistance until $150.
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Potential timeline for this final push:
End of Apr: $200, pressure building
May (1st week): $250, pressure building even more, giant wall at $266
May (2nd week): $500, $750 in rapid succession
May (3rd week): Peak at $1k with a giant selloff and a rapid climb back to $1k. Peak: ~$1100
May (4th week): Back to $250, very slow growth from here on (think of Sept-Dec 2012)
Just pulling some numbers out of my nether regions...
It won't go above $1000. It will likely peak just above $950. Also the time it takes to go from $200 to $500 is vastly understated. |
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Any idea why Bitcoinity is still showing <140?
139.46 USD / BTC
mtgox 0.01 2 minutes ago 140.67
WTF?
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Any way except by exchanging BTC for USD?
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I can't understand why so many people here believes in technical analysis, it's ridiculous... you first put names to some "common patterns" that can be "misread" (lol), like double top/bottom, support levels, triangles, etc. Then using a vector graphics editor you put different lines all over the chart to show a "tendency". And if you are a pro you also have to include some similar historical "pattern" or even apply some calculus 101 in your analysis to support your affirmations. If you think you are doing well with TA (ie you are earning money) I must tell you that is not because your kabbalistic draws: maybe putting names on some segments of a chart makes you more confident about what your own intuition is already telling you, but this is just a placebo effect. Stop believing in your intricate fancy drawings. Believe in the power of your own brain and how it can discover complex patterns that can't be represented on a simple draw. The only reason for look at all those TA articles and threads on the net is simply due to some eventual self-fulfilling prophecy (but then good luck trying to figure out when most traders in the market is using TA ) ... -.- You need to understand that just because something can't be always right doesn't mean it is "pseudoscience." If it was, it wouldn't, you know, work. Think of it this way, if TE is only right 51% of the time, it still is worth using. |
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I guess two of the last three charts on the following site are also lying as well right? Bids total is the highest ever. lol. Fail much? http://blockchained.com/I'll declare victory when asks goes below 100k |
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