PnF TA

[TPTB_need_war]

Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.

[1714730802]

1714730802

[1714730802]

1714730802

[klee]

Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.

I sold 310 but shorting is something I rarely do in general. I just don't feel 'safe' shorting BTC, can't explain this lol

[macsga]

Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.

I sold 310 but shorting is something I rarely do in general. I just don't feel 'safe' shorting BTC, can't explain this lol

Same here, that's why I keep this cold wallet somewhere I cannot reach easily. There's a reason for that. Whenever I sold, it got back to me with a vengeance! I only spend those I have for "play" money. Which in any case won't ever make me rich (well, maybe if XMR goes 200x from its current price)...

[TPTB_need_war]

Then you permabulls really need to buy my coin 

[klee]

Then you permabulls really need to buy my coin 

I will short the top of it

[TPTB_need_war]

Then you permabulls really need to buy my coin 

I will short the top of it

haha. Here is an overview of what you'll be battling:

https://bitcointalk.org/index.php?topic=1049048.msg12175683#msg12175683

[klee]

Then you permabulls really need to buy my coin  

I will short the top of it

haha. Here is an overview of what you'll be battling:

https://bitcointalk.org/index.php?topic=1049048.msg12175683#msg12175683

I will invest only in this and you know it - I will contact you when my mind & soul is ready, I can't focus on such a serious effort atm  
EDIT: I will contact you in general, not only for the project (you don't need me anyway).

Also I am off base and productivity suffers!

If you deliver it will be difficult to others compete with you.

[TPTB_need_war]

If you deliver it

^this

kLee even $1000 will be enough to set you up for life. Make sure you still have that much spare 6 months from now.

[klee]

If you deliver it

^this

kLee even $1000 will be enough to set you up for life. Make sure you still have that much spare 6 months from now.

I will invest as much as I can (probably 1000 would be a minimum).

But there are more to do than only invest...

[bassclef]

Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.

Trading is easy in hindsight as markets can do anything at anytime. That's why it's more about managing risk/protecting profits than being able to predict great moves.

A short from $300 looks amazing now but it's extremely difficult to do in the moment. And if we slingshot up from here in a few days, a long today would look amazing in hindsight. But what if it doesn't? Maybe we skid to $240 and go up from there. How does one plan for each possible scenario? You can't really. Fear, uncertainty and doubt are a trader's worst enemy.

Also, careful about being the charismatic great predictor. You'll gain a huge following then lose credibility the one time you're wrong. Just ask rpietila leading his newb army into Monero and whatever other go-nowhere altcoin project he was working on.

[hdbuck]

hey i want in this superduper altcoin too ! 

[klee]

Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.

Trading is easy in hindsight as markets can do anything at anytime. That's why it's more about managing risk/protecting profits than being able to predict great moves.

A short from $300 looks amazing now but it's extremely difficult to do in the moment. And if we slingshot up from here in a few days, a long today would look amazing in hindsight. But what if it doesn't? Maybe we skid to $240 and go up from there. How does one plan for each possible scenario? You can't really. Fear, uncertainty and doubt are a trader's worst enemy.

Also, careful about being the charismatic great predictor. You'll gain a huge following then lose credibility the one time you're wrong. Just ask rpietila leading his newb army into Monero and whatever other go-nowhere altcoin project he was working on.

What went wrong there?

[bassclef]

What went wrong there?

He was pimping Monero for a long time and had (has?) a huge stake in it. Last I saw he was working on Cryptokingdom, an RPG with a built in altcoin. It just annoys me seeing smart and charismatic people use their talent to take money from the gullible, but I suppose the world works like that on many levels--they should just be run for office and be done with it

[klee]

What went wrong there?

He was pimping Monero for a long time and had (has?) a huge stake in it. Last I saw he was working on Cryptokingdom, an RPG with a built in altcoin. It just annoys me seeing smart and charismatic people use their talent to take money from the gullible, but I suppose the world works like that on many levels--they should just be run for office and be done with it

Fontas v.2

[klee]

[Wexlike]

Well, it might be a mistake - but I am out of BTC and in fiat. Looking at the chart(also your PnF charts), I don't see a convincing bottom. (yet)

[klee]

Well, it might be a mistake - but I am out of BTC and in fiat. Looking at the chart(also your PnF charts), I don't see a convincing bottom. (yet)

Long term:

315 -> 125 -> 215 -> 75 -> 145

Or maybe 315 -> 125 -> 240 -> 75 -> 145

[klee]

Bid 248, stop 246.7

[klee]

I really don't get why people are selling when they should actually buy like mad. If you buy before fork, you will have bitcoins in two forks so no matter which one (or both) will be continued, you have bitcoins in both forks so you are safe. And in the opposite, when you sell, then you will have to decide which fork to buy in later ... Twisted logic huh?

If you have 100btc at 250$ your portfolio is 25K usd

If you have 2x100 btc in two chains you would have 50k usd! Not possible.

You have to go at least /2

So at least 250/2 per btc...

You don't get it. By buying before fork you are betting that one of them will succeed. And you have the same amount of shares in both of them which means you always win no matter what. If you sell, you are losing both and will have to guess later which one will win.

No you don't get it! Market will not let you double spend and suddenly be x2 richer. It will self adjust so you get at most the same amount of capital invested. AT BEST.

Please reread what i typed. I didn't say anything about double spend or that you will be 2 times richer. I said that no matter which fork will win, you will have it's shares and don't have to guess which one will it be. And if new fork for example will retain it's value and old one will still be mined because some people will want to, then you will be able to sell your bitcoins from old fork if someone will pay for them doh. It's so hard to get it?

I know what you say - let me rephrase it (lost in translation ).

If you don't sell now you will end up having coins in both chains at about the same value total in USD.

So better to sell now and double your coins in the winning chain.

Hope I made it more clear!

What makes you think both chains would have the same value?
If they are valued equally, which is the winner??

We don't know - that's why 'the market' will self adjust to a worst case scenario (equal weight).

So if today marketcap is 4bn, in order not to end up with 8bn marketcap, it will fall at least to 2bn.

It is creepy how the big support at 130$ (previous breakout for the last bubble ATH) is 260/2. 260 is where the last XT code was released.

[TPTB_need_war]

What went wrong there?

He was pimping Monero for a long time and had (has?) a huge stake in it. Last I saw he was working on Cryptokingdom, an RPG with a built in altcoin. It just annoys me seeing smart and charismatic people use their talent to take money from the gullible, but I suppose the world works like that on many levels--they should just be run for office and be done with it

Just remember he is my friend and I was arguing with him all the way down from $700 or so, asking him to please stop hand holding newbies and that he would be wrong about the price direction over the near-term. He is doing his own thing with Crypto Kingdom now and apparently a $500,000 market cap already for a game even with a declining Monero price, so perhaps that is an accomplishment (I dunno because I am not studying it).

We are clearly in a crash mode still for BTC. Yes it could rally back up to $325 near-term, but no later than Spring 2016 the price will go below $150 again.

I sold all BTC to fiat at $315. I have not repurchased.

If he invests in my coin, I will plead with him to offer words of support, but not too strongly lead people. Simply state his reasons for supporting it and also make sure he explains it is only a very small % of his portfolio, so users should not be risking what they can't afford to lose. As for a governance role for him, I'll let the others in the community decide.

Monero has been caught in this downtrend since the peak in late 2013. And unfortunately for Monero my coin will likely be superior to it, and hopefully released before the next upwave in crypto (if implementation gets done). I don't wish poor results on Monero. Hopefully it will also get an updraft in buying along with all coins after Spring 2016.