Nights Watch by Afrikoin

[Afrikoin]

Bitcoin's Price is Nearing All-Time Highs, But Market Confidence Isn't

http://www.coindesk.com/bitcoins-price-may-riding-high-market-confidence-isnt/?utm_content=buffer93b8d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[Kramerc]

Bitcoin's Price is Nearing All-Time Highs, But Market Confidence Isn't

http://www.coindesk.com/bitcoins-price-may-riding-high-market-confidence-isnt/?utm_content=buffer93b8d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Have you bought back yet?

[york780]

Bitcoin's Price is Nearing All-Time Highs, But Market Confidence Isn't

http://www.coindesk.com/bitcoins-price-may-riding-high-market-confidence-isnt/?utm_content=buffer93b8d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Have you bought back yet?

ATH! 
Sorry , I am just happy AF

[Kramerc]

Why? most decent exchanges have ATHed for a few days already, just the seller's exchange hasn't...

[york780]

Why? most decent exchanges have ATHed for a few days already, just the seller's exchange hasn't...

I am looking at the average price. I feel that its finally time for a rally. I have been waiting for 2 fcking months on this. Its time.

[Afrikoin]

Bitstamp new ATH

[Afrikoin]

Bitcoin's Price is Nearing All-Time Highs, But Market Confidence Isn't

http://www.coindesk.com/bitcoins-price-may-riding-high-market-confidence-isnt/?utm_content=buffer93b8d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Have you bought back yet?

no.

i bought a couple of alts instead

[Kramerc]

Are you hoping to make it (the loss) back by trading alts?

I would advise caution, alt season is getting close to it's climax.

[Ted E. Bare]

can you still make that case when the recent price rise is based on bitfinex withdrawal issues?

is it though?

Yes, we dont have to speculate about this particular issue. Price on Finex has been 5% to 15% higher than on any other exchange for the very reason of withdrawal problem. In normal market conditions, such difference would prompt traders to arbitage, closing the price gap between exchanges and making profit.

We had exact same situation back in 2013 with Gox. However, apocalypse riders do forget, that Gox didnt bankrupt overnight, thanks to one way money flow it took couple of months before it went definitely under.

The current Finex price is in USDT (Tether) instead of USD, and the bitcoin price was already on the increase before their banking issues commenced.
You're misinformed and shorting a bull trend:

I would expect more rational perspective from seasoned member like you, Ted.

Unless we break 1250, 800 is in the play.

We've seen 1250. Are we rich yet?

And did we break it or stay there? While bad news keep mounting up and volume dried up?   Ah, screw it, I am betting meager 50 dollars I have right now on Okcoin, just to prove you, I mean bussiness. Maximum leverage on shorting.

I have rest of the funds off exchanges for the time being.

Okay, short @ 7150 noted for future reference.

[Afrikoin]

Are you hoping to make it (the loss) back by trading alts?

I would advise caution, alt season is getting close to it's climax.

loss?

What loss?

 you only lose if you short an uptrend

[Afrikoin]

can you still make that case when the recent price rise is based on bitfinex withdrawal issues?

is it though?

Yes, we dont have to speculate about this particular issue. Price on Finex has been 5% to 15% higher than on any other exchange for the very reason of withdrawal problem. In normal market conditions, such difference would prompt traders to arbitage, closing the price gap between exchanges and making profit.

We had exact same situation back in 2013 with Gox. However, apocalypse riders do forget, that Gox didnt bankrupt overnight, thanks to one way money flow it took couple of months before it went definitely under.

The current Finex price is in USDT (Tether) instead of USD, and the bitcoin price was already on the increase before their banking issues commenced.
You're misinformed and shorting a bull trend:

I would expect more rational perspective from seasoned member like you, Ted.

Unless we break 1250, 800 is in the play.

We've seen 1250. Are we rich yet?

And did we break it or stay there? While bad news keep mounting up and volume dried up?   Ah, screw it, I am betting meager 50 dollars I have right now on Okcoin, just to prove you, I mean bussiness. Maximum leverage on shorting.

I have rest of the funds off exchanges for the time being.

Okay, short @ 7150 noted for future reference.

[Kramerc]

Are you hoping to make it (the loss) back by trading alts?

I would advise caution, alt season is getting close to it's climax.

loss?

What loss?

 you only lose if you short an uptrend

"You only lose if you sell."

You sound exactly like bulls during a downtrend. You sold lower, the fact that you're not rebuying doesn't mean you haven't lost. You could have considerably fewer coins if you bought now, but you persist in your mistake, just like bulls did. "It will eventually come back down".

[Majormax]

Are you hoping to make it (the loss) back by trading alts?

I would advise caution, alt season is getting close to it's climax.

Yes, thats right.

This is very similar to late 2013, with the whole Altcoin space pumping in relays, and BTC hanging around ath. Huge profits are easy to come by, but they are ephemeral : lots of ppl think they are great investors, but a rising tide is raising all boats.

We know how it will end.

The prime imperative now is to pick the survivors of the future downwave, and to not be invested in the alts which will eventually go to zero (the vast majority will).

There is still a bit of time to select and switch, and some spectacular rises will draw in the unwary. The bear market, when it comes, will be long and brutal.

[Afrikoin]

Are you hoping to make it (the loss) back by trading alts?

I would advise caution, alt season is getting close to it's climax.

loss?

What loss?

 you only lose if you short an uptrend

"You only lose if you sell."

You sound exactly like bulls during a downtrend. You sold lower, the fact that you're not rebuying doesn't mean you haven't lost. You could have considerably fewer coins if you bought now, but you persist in your mistake, just like bulls did. "It will eventually come back down".

No. Im ok.

Happy to miss this.

YMMV

I'll sit out this one outt

[Afrikoin]

200K views!

Thanks to all of you!

Never thought i would make it this far when i started this thread

I have learnt so much!


-Afrikoin-

[Afrikoin]

I know it's #Bitcoin on @Bitfinex but once $BTCUSD breaks $1450, should be quick pop to $1530 then $1600 target. Slow & Steady she goes

[Afrikoin]

Off to a Textbook start this morning, Let's see if $BTCUSD continues its path to Short-Term target of $1530 then Mid-Term $1600 #Bitcoin

[Afrikoin]

[Afrikoin]

[Afrikoin]

1W OKC Futs
close to breaking ATH

still far below spot exchanges