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There she goes down. If we go down further I'd like to see HUGE volume so we get some kind of reversal signal showing support.
Yesterdays semi-hammer candle on moderate volume was definitely not it for me, though I thought we would go sideways for a week or so, which now doesn't look like it.
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People who went "all in" at 50 do care.
I'm all in and I don't give a shit. I will fall and raise with BTC  Ideology is clouding your judgment. Selling high and buying more of what you believe in lower, is a smarter move. In fairness, I believe he sold 20% off as he saw this down move coming... |
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Thanks for the comments guys. Charleshoskinson, I'll PM you. In the spirit of the thread, here are some videos to use in classrooms or to give as a link to "work friends". Bitcointalk.org Videos thread https://bitcointalk.org/index.php?topic=202749.0The best Bitcoin videos, infographics and podcasts http://www.coindesk.com/best-bitcoin-videos-infographics-podcasts/I actually called into a radio show, the number 2 online talk radio show and got to speak with them for 30 minutes or so on Bitcoin (not my speaking time). I'm sure I helped a few hundred or thousand more to understand it further. I'll cross link it here once I start a thread for it. Keep on keeping on, IAS |
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Do I have to remind you guys that keeping coins and not spending them means you're killing it as a currency? But , again everbody is free to believe one day he's gonna be rich from bitcoins. Glad I don't have this problem  That is completely false on many levels. We are investing in a future technology for starters. There are more than enough bits to go around. |
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Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.
Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.
I enjoy reading your posts Rampion. You were talking about this the other day and I think I was split. There is a part of me that just doesn't want to trade out of something I believe in. Do you know what I mean?But on the other hand, I'm thinking "Hey, maybe I can get more of what I believe in". And then there is the Angel over my shoulder saying "Don't be greedy, if BTC is successful, you will only need one."  But realistically, I feel we go lower. The unknown variable is some good news coming out when we least expect it. If that happens on a down move after exiting a position, it creates a... headache. ehehehhe I guess then, what you did, selling a smaller percentage (20% was it?) is reasonable. I'm debating that now... And how about Coinseeker? Man, I really think it is two alter egos. Right now he is down. I don't know what to say. eheeheh Not talking smack bro, just enjoying the diversity of the forum. We are sort of a soap opera here. Anyway, I promise you this, if we do go substantially lower, say the 50 Euro level (no, not dollar level, there I would be taking loans out ;-), I will try to save every penny I can and buy more BTC... Because I believe in it... I feel you. I usually do not sell coins, just buy more at dips. Sometime I sell a little "play money", like I did today at $108.5. Obviously it would have felt GREAT to triple my coins during the crash from $266 to $50 and then back to $165. But honestly, I just holded what I had and bought more. I had a lot of bids filled (but I missed the biggest one which I pleaced at 39€ish), and I was lucky that I had a nice amount of fiat at the exchange. Catching the top is difficult for me, ad it's just that I cannot stand when I sell coins and I have to buy back at a loss. During the crash to $80ish I lost like 15 BTC because I was temporarily blinded by greed... And I was reassured once again of what I already know, that I'm an investor and not a trader, that I do not like to sell coins, and I follow price just because I like to buy at the lowest price possible so my "average entry point" is way below the spot price. Hope this made sense Beautiful post, I can relate. And to your question...  |
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Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.
Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.
I enjoy reading your posts Rampion. You were talking about this the other day and I think I was split. There is a part of me that just doesn't want to trade out of something I believe in. Do you know what I mean?But on the other hand, I'm thinking "Hey, maybe I can get more of what I believe in". And then there is the Angel over my shoulder saying "Don't be greedy, if BTC is successful, you will only need one." Does that angel have a face of rpitella?  Honestly, for some reason I was thinking John Belushi from Animal House! (Man I loved that guy) But now that you mention it, I LOL'd. thx... |
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I'm still wondering what the 7.5k btc buy at 1pm CET was all about. I didn't see it when it took place, but I'm pretty sure it was one big order.
Why would a whale buy right into the downtrend? He had a slippage alone of 3 or 4 USD. And why not wait a few hours longer and buy even cheaper.
It's too much volume to be a stabilizing move, in my opinion, but it doesn't make much sense otherwise. I'm puzzled.
If you really believe in BTC, perhaps a few dollars (or many) here and there doesn't really matter. When you see an opportunity to pick up a few (7.5k - I'm about 7.499 jealous) you do it. I'm holding for the future, so I can imagine a guy with money, just buys it and says "I'll check again in 5 years." |
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Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.
Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.
I enjoy reading your posts Rampion. You were talking about this the other day and I think I was split. There is a part of me that just doesn't want to trade out of something I believe in. Do you know what I mean?But on the other hand, I'm thinking "Hey, maybe I can get more of what I believe in". And then there is the Angel over my shoulder saying "Don't be greedy, if BTC is successful, you will only need one." But realistically, I feel we go lower. The unknown variable is some good news coming out when we least expect it. If that happens on a down move after exiting a position, it creates a... headache. ehehehhe I guess then, what you did, selling a smaller percentage (20% was it?) is reasonable. I'm debating that now... And how about Coinseeker? Man, I really think it is two alter egos. Right now he is down. I don't know what to say. eheeheh Not talking smack bro, just enjoying the diversity of the forum. We are sort of a soap opera here. Anyway, I promise you this, if we do go substantially lower, say the 50 Euro level (no, not dollar level, there I would be taking loans out ;-), I will try to save every penny I can and buy more BTC... Because I believe in it... |
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Bit
Is this a code for sell? I sort of feel excluded from this huge thread... |
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I'm too afraid to sell the relatively few coins I have in the hopes of buying in later, even though at a much lower price. Perhaps I'm just lazy (paper wallet). I don't plan on selling for a few years, quite a few, so hopefully we don't sink to low. But, if we hit that 50-70 area, I might start accumulating more... |
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Checksums for binaries, or I won't download. How do I know it hasn't been tampered with?
True. Also, a Mac version is needed. I'll send a message to the creator later to request these. Thanks and please mention to make it a .dmg file for us wet behind the ears regarding installing manually. I think a lot of us are using Macs/Linux just for the security improvement over windows.... I use both Windows and Linux. There is a deb that works, and a source file. What is a .dmg? That is the standard disk image file that you just double click on to install. It is how I install near everything on my mac. I guess it is as close to the windows .exe file as we will ever come. |
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I agree on the fact that the stability we had during the last days is very bullish. After a parabolic growth period that looked and felt like a huge bubble exposed to the eyes of the whole world, BTC is trading at almost x10 the price we had in January ($14). I still can't help thinking that what we had prior April 10th looked indeed like a bubble, but the truth is the price is not reflecting that, the price says we just had a correction during a very significant growth trend.
Bubble followed by slow bear market decline is still a possibility, but every day trading on this range is one point more for the "correction" case, and a point less for the "bubble burst" case.
This time, the train will live the station (again) rather sooner than later.
As I've been repeating since the week after the crash, this is no 2011.
What is stopping us right now? I think it is clear, the one thing people are worried about is the government stepping in and stopping us. The regulatory thing can be dealt with, in many ways. IF we weren't worried about the government, where would we be right now price wise? Bitcoin is probably already seen as potentially an incredible store of wealth but the uncertainty with the government is just a big risk for people. On so many levels (payment system, currency, store of worth, etc.) BTC can justify a much much higher price. If we weren't worried about the government this train would have left the station. We'd be over $1000 right now and worth it. Look at currencies around the world and their problem. Really, this is an exciting place to be. Taking part in the largest social experiment the world has ever known is huge. Maybe that makes BTC sound cheap as it will live on in many forms regardless of what the government does, so the experimental part is the immediate part. |
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this link is fake or what? Yeah, I don't get anything and can't find the article there. |
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This does look like a classic example of a bear trap, I don't think we're going anywhere. Perhaps we touch 117-118 and then move back to 120.
i think we are going to slowly dip below 115 and then start to pick up speed as we go lower the bottom is only XX days away! get your fait ready! Is this from using your psychic powers or are you basing this on anything? One important piece of information is the obvious buying/selling disparity. Every time a whale comes in over the last few weeks, they are selling. There have been almost NO whale buyers. That means that people in with the bulk of coins, know that the price is going down. Not to mention, the fact that the price is so easily pushed around by these comparatively tiny whales means that the market is like 80% speculation, 19% volatility bots, and only 1% actual bitcoin economy (not real figures - obviously). Don't just sit around waiting for the next whale to dump and regret not selling now. Decide on a buy-back number now, and save your bucks for later. If the whales have been sellers and not buyers over the last two weeks, then how did we go up roughly $10 and then back down to where we are now? And on relatively low volume? Not bad. I'm not saying you are wrong, but if big sellers in the last two weeks saw us rise up $10 and then back down, doesn't that tell us something else? The market depth might be more manipulation, hard to know. I don't deny we might head lower. I'm not buying at this level. My biggest concern is the government coming after us openly, not us "dipping" down. What Bitcoin needs is NO PRICE MOVEMENT, just like we have basically been doing. If we get up there in price it might really come back to bite us with all the attention. If a price rise happens as currencies are collapsing then we have a chance, as it becomes a store of value and people will fight to keep there money. I'd say we've almost grown too quick till now, lately. A dip, as much as I don't want it, might be the best thing for us to stay below the radar for a while, but I think the buying will start heavy at levels much below current levels. |
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You deserve one virtual medal sir
ehehe, thanks, I'm wearing it now. But seriously guys, enough people have read this thread, I'd love some inspirational ideas and the like from you. IAS |
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This does look like a classic example of a bear trap, I don't think we're going anywhere. Perhaps we touch 117-118 and then move back to 120.
i think we are going to slowly dip below 115 and then start to pick up speed as we go lower the bottom is only XX days away! get your fait ready! Is this from using your psychic powers or are you basing this on anything? |
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Checksums for binaries, or I won't download. How do I know it hasn't been tampered with?
True. Also, a Mac version is needed. I'll send a message to the creator later to request these. Thanks and please mention to make it a .dmg file for us wet behind the ears regarding installing manually. I think a lot of us are using Macs/Linux just for the security improvement over windows.... |
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Even though one might argue that the ASIC mining companies produced too many Gh too quick, doesn't that help secure the network and make a 51% attack from a government or such, less likely? Just trying to find something positive in it all. I ordered my Jalapeno, quite recently, knowing I wouldn't break even (since it will probably arrive at near years end) but I wanted to do my part to help support the network. And when one considers I can run it with low energy consumption using a Rasberry PI, it seemed like a good thing to do, especially since the Jalapeno uses a small amount of energy compared to a currently shipping competitors unit. But, I guess I'd then be able to pay for the unit if I had it now! IAS What are you talking about by concentrating the hash power into smaller number of hands, increases the chance of a 51% attack. Where did I say we are concentrating the hashing power into a smaller number of hands? If only a few people were buying them than that is news to me but I thought that since we are keeping an eye on the mining pools that the pools were the problem and not individuals harding machines. Thanks for not commenting on my noteworthy support of the community and just my "mistake".  |
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Here is some good info from BFL: https://forums.butterflylabs.com/bitcoin-pools/2452-estimated-bitcoin-difficulty-august.htmlsnippet: wildfire.ca Were going though 15 -40% changes a month right now and no one even has a unit yet. It's easy going to get over 250m. With minimum monthly increases of 20 -60% for at least 6-12mo after that. Avalon says they have 1200 GHs out and BFL seems to have about 30Ghs in semi public hands. Once they both get there shipping up to speed the difficultly is going to blow all these numbers out of the water. There have been times in bitcoins difficulty history when its gone up 90%, 300% then 50% then 60% all in consecutive months and this was when next to no one was using it. Now everyone knows about it. |
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Difficulty is going up way more than what you are assuming in that graph. How do you have as having fallen? (Sorry if I'm off but I don't see dates there, just the run-up in price and fall). http://bitcoindifficulty.com/ |
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