adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 23, 2014, 03:14:15 PM |
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numbers pulled out of context, few words about china, disturbing imagery
fonzie you are the "fud mater 3000"
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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dreamspark
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May 23, 2014, 03:17:45 PM |
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It is a true fact though that the total BTC swaps is lower than its been since feb and also the total longs is pretty much at its highest since Feb, take from it what you will but it's fairly easy to argue a bearish postion from those facts.
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YogoH
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May 23, 2014, 03:19:06 PM |
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My best guess...  emphasis guess I drew lines and took a stab |
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silverfuture
Legendary
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Activity: 947
Merit: 1008
central banking = outdated protocol
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May 23, 2014, 03:22:54 PM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 23, 2014, 03:27:02 PM |
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I have 10 reasons 1. Scarce 2. Durable 3. Portable 4. Divisible 5. Impossible to counterfeit 7. Fungible ( any 1 BTC has the same value as any other ) 8. Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...) 9. Shiny ( yes the digital bits that make up a bitcoin are VERY shiny) 10. all of the above. + very shiny |
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CoinRocka
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May 23, 2014, 03:29:37 PM |
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normally i'd be expecting a bit of a pull back from here, ( up 20% in 4 days... ) but volume on these down swings indicates strong support, and will probably absorb all selling pressure and simply move higher, soon.
i'm thinking market action in the 600's will be critical to really gage supply vs demand, and setting a long term target.
all signs point to 600+ in the next few days.
Bitfinex Currency Total sum of active swaps USD 16,585,814.59 USD This squeezed, additionally to the closure of the chinese exchanges in the next 2-3 weeks will bring us to to 250-300$. Shroomskit can you hear me?   |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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May 23, 2014, 03:35:24 PM |
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Anyone else see the potential double top?
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CoinRocka
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May 23, 2014, 03:36:49 PM |
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Anyone else see the potential double top?
What about the much more profound triple bottom? |
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ChrisML
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May 23, 2014, 03:39:33 PM |
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For the first time in 3 months, im long.
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pftq
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Activity: 10
Merit: 0
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May 23, 2014, 03:45:10 PM |
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This is from an automated trading system I built for primarily trading stocks, but I managed to pull a feed in for BTC as well. The move for the last few days looks pretty decent - it very clearly broke the downtrend that's been plaguing the currency for a while. http://www.pftq.com/stocks/images/2014-05-23_11-14,_Daily_BTC_Chart.gif |
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spooderman
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Activity: 1638
Merit: 1022
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May 23, 2014, 03:45:28 PM |
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Anyone else see the potential double top?
What about the much more profound triple bottom? I don't know, could you perhaps show me an example of a triple bottom to help further my understanding? |
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CoinRocka
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May 23, 2014, 03:52:48 PM |
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Anyone else see the potential double top?
What about the much more profound triple bottom? I don't know, could you perhaps show me an example of a triple bottom to help further my understanding? zoom out |
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pftq
Newbie
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Activity: 10
Merit: 0
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May 23, 2014, 03:58:29 PM |
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Anyone else see the potential double top?
What about the much more profound triple bottom? I don't know, could you perhaps show me an example of a triple bottom to help further my understanding? zoom out It's more consolidation and breakout imo. The triple bottom is harder to see since the third time down actually went briefly below the previous two lows and held there for a while. |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 23, 2014, 04:00:40 PM |
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rezurect
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May 23, 2014, 04:01:18 PM |
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Next stop 550. I see the 510 wall moved to 550. If he pulled @ 510 he could pull @ 550.
I've hodled through 6 months of Bear Fart,
I pray, the Gods of June will make it worth the wait.
=)))) That made me laugh. Be carefully , lots of berries getting ripe in the forest so they might have enough ammo for another round of farts  . Fall 550. |
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studio1one
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May 23, 2014, 04:03:17 PM |
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I don't see no triple bottoms or double tops, apart from the double top we just bounced of that met the last high in April.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 23, 2014, 04:13:57 PM |
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Pictures of bottoms and tops please.
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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May 23, 2014, 04:15:04 PM |
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"infinity" is not a number as such. It's a class of equivalence (of all the bijectives sets alike).
Got a cardinal number which isn't? Ok, I admit, to make that challenging (which, in my idiolect, means 'implies a contradiction') I had to use a qualifier. |
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jl2012
Legendary
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Activity: 1792
Merit: 1093
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May 23, 2014, 04:15:39 PM |
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I don't see no triple bottoms or double tops, apart from the double top we just bounced of that met the last high in April.
There's your double top  Unless it goes below 470, it is not a double top. |
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freebit13
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May 23, 2014, 04:16:32 PM |
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I was around when that started, although it was so long ago that I can't remember what it was about. Was it Bob and the Church of the Sub Genius, or the Cult of the Pink Unicorn, of the Flying Spaghetti Monster? The FSM is fairly late to the game (Still good fun though). I think Discordianism predates the Subgenius thing but I'm not sure and don't care. It's Friday. Have a hot-dog  Let's stay in the spirit of the day... here, have a pizza rather   http://www.coindesk.com/bitcoin-pizza-day-celebrating-pizza-bought-10000-btc/Edit: ooops, sorry I'm a day late  |
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