MICRO
Legendary
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Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
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May 27, 2014, 07:36:10 PM |
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Everyone, chill out. Let's take a look at the bigger picture.
I think the BitFinex-related dump was a good test of the support.
The coordinates forming the trenline bottom is:
May 19th 07:00 @ $442
May 27th 02:00 @ $550
If this support holds, and barring any bogeyman event, then we should be seeing $600 as support in the next 8-9 days.
600$ in 8-9 days ? I think more like 3-4 days . Anyways should hit 600$ rly soon. And this "pump and dump" osculations are great for trading . |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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May 27, 2014, 07:37:31 PM |
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Everyone, chill out. Let's take a look at the bigger picture.
I think the BitFinex-related dump was a good test of the support.
The coordinates forming the trenline bottom is:
May 19th 07:00 @ $442
May 27th 02:00 @ $550
If this support holds, and barring any bogeyman event, then we should be seeing $600 as support in the next 8-9 days.
600$ in 8-9 days ? I think more like 3-4 days . Anyways should hit 600$ rly soon. And this "pump and dump" osculations are great for trading . He says $600 as support  |
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Le Happy Merchant
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May 27, 2014, 07:39:30 PM |
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Does chang noi still post here? I just got back from Thailand, and if any country needs Bitcoin, its Thailand.
Bhatcoin?
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Arghhh
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May 27, 2014, 07:41:52 PM |
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Everyone, chill out. Let's take a look at the bigger picture.
I think the BitFinex-related dump was a good test of the support.
The coordinates forming the trenline bottom is:
May 19th 07:00 @ $442
May 27th 02:00 @ $550
If this support holds, and barring any bogeyman event, then we should be seeing $600 as support in the next 8-9 days.
600$ in 8-9 days ? I think more like 3-4 days . Anyways should hit 600$ rly soon. And this "pump and dump" osculations are great for trading . He says $600 as support +1 point to reading comprehension. |
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rafamadeira
Member
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Activity: 79
Merit: 10
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May 27, 2014, 07:41:59 PM |
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PLEASE READ THIS <<<<< As you try to discuss and educate Jorge, he is posting crap on twitter ... I just change my mind. Just block him. Check his last posts .. https://twitter.com/JorgeStolfi"A wise man can learn more from a foolish question than a fool can learn from a wise answer." |
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Gimmelfarb
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May 27, 2014, 07:42:02 PM |
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can someone sell 4k BTC? I wanted to buy some  You had 3 months to buy "some". Train left, sorry. actually i am turning a bit bearish here. i think we could see a bit deeper correction than i originally thought. i am not thinking lower than low 500s or high 400s though. but this formation we see currently looks very toppy. |
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Syke
Legendary
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Activity: 3878
Merit: 1193
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May 27, 2014, 07:42:51 PM |
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Does chang noi still post here? I just got back from Thailand, and if any country needs Bitcoin, its Thailand.
Bhatcoin?
It's hard to keep up with his name changes. Here's his latest post: HOOOOOOOOOOOODL!!!!!!!!!!!!!!!!111!
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Gimmelfarb
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May 27, 2014, 07:43:45 PM |
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Does chang noi still post here? I just got back from Thailand, and if any country needs Bitcoin, its Thailand.
Bhatcoin?
i remember hearing last year that the Thai government, or maybe it was the central bank came out against bitcoin? was there any real legislation or regulation? maybe i am remembering wrong. |
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ChrisML
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May 27, 2014, 07:51:41 PM |
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PLEASE READ THIS <<<<< As you try to discuss and educate Jorge, he is posting crap on twitter ... I just change my mind. Just block him. Check his last posts .. https://twitter.com/JorgeStolfi"A wise man can learn more from a foolish question than a fool can learn from a wise answer." 65K tweets. No life, at all. Like I said before. Just ignore him. |
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Richy_T
Legendary
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Activity: 2436
Merit: 2116
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 27, 2014, 07:56:13 PM |
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Having observed many rallies in bitcoin (and none anywhere outside of cryptos), this one feels like it's happening in slow-motion?
A correction like we just had today and recovery from it used to happen both earlier and faster the way I recall the past rallies.
Is it just me? What could be possible explanations? Higher liquidity? lower amount of traders? Better distributed holdings?
(I'm not saying I don't like the relatively slow pace)
This is just the pre-shocks. We're in the pre-rally rally. People are turning up early to make sure they get a seat. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 27, 2014, 08:00:36 PM |
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hmmmstrange
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May 27, 2014, 08:02:19 PM |
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Jorge,
How many students do you have? Are you willing to facilitate giving each of your students some bitcoin? I'm willing to fund a project like this.
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RandomPedestrianN9
Member
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Activity: 84
Merit: 10
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May 27, 2014, 08:04:00 PM |
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Still in denial.
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fonzie
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May 27, 2014, 08:04:29 PM |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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May 27, 2014, 08:10:13 PM |
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PLEASE READ THIS <<<<< As you try to discuss and educate Jorge, he is posting crap on twitter ... I just change my mind. Just block him. Check his last posts .. https://twitter.com/JorgeStolfi"A wise man can learn more from a foolish question than a fool can learn from a wise answer." Why? Google Translate + my own crude ability to read it, looks to me exactly like the heavily biased things he writes in here, only in the form of a monologue, but such is the life of a twitterer. |
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Gimmelfarb
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May 27, 2014, 08:16:37 PM |
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i have been very bullish the past few weeks, but with this current top formation and everyone and their mom up in this forum calling for a bubble of epic proportions, i am getting more and more bearish by the day.
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RandomPedestrianN9
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Activity: 84
Merit: 10
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May 27, 2014, 08:18:25 PM |
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i have been very bullish the past few weeks, but with this current top formation and everyone and their mom up in this forum calling for a bubble of epic proportions, i am getting more and more bearish by the day.
A wise man imune to masses chanting TO DA MOON, you will do good in life. |
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JayJuanGee
Legendary
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Activity: 3710
Merit: 10207
Self-Custody is a right. Say no to"Non-custodial"
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May 27, 2014, 08:21:36 PM |
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the 90's companies maybe, but the companies on bitcoin are bitpay, coinbase, Mt.Gox (already doomed), etc.
however TCP/IP, HTTP, FTP, etc are all still around. Those are the protocols.
Bitcoin (the protocol) will most likely survive in any scenario, while bitcoin (the currency) will gain value as Bitcoin gains more utility and becomes more easy to use for the average person.
The difference between the internet and bitcoin is that you can invest directly in the protocol, without having to invest in a company. Never in history was there a chance to directly invest into a potentially life-changing worldwide protocol.
+1 Yes, That's a great way to put it - to distinguish bitcoin from all other previous investments. |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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May 27, 2014, 08:27:24 PM |
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Does chang noi still post here? I just got back from Thailand, and if any country needs Bitcoin, its Thailand.
Bhatcoin?
It's hard to keep up with his name changes. Here's his latest post: HOOOOOOOOOOOODL!!!!!!!!!!!!!!!!111!
That sure sounds like him  |
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JayJuanGee
Legendary
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Activity: 3710
Merit: 10207
Self-Custody is a right. Say no to"Non-custodial"
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May 27, 2014, 08:27:44 PM |
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For those of you keeping score, Mmitech decided to pull out of our bet from yesterday. He asked me to prove I had ownership of the 20BTC by moving it to a wallet which I did. However, when I moved it back out of that wallet after confirming, he said that I had to keep it there for 7 months - the reason I didn't want to take the bet in the first place - and then he said he was cancelling the bet and wanted to anyway.
While I am disappointed that again bets on this forum are always cancelled for some reason or the other, I thought I'd pass on the information and let it go. No hard feelings.
I thought that was a great bet, and I wished that it would go through b/c it demonstrates committed predictions. I am of the belief that either escrow needs to be used (especially when such long time periods are involved) or to make the bets of such a small amount that they can be made on the honor system. 20BTC is too large an amount for anyone - even if you are holding 20,000 BTC or more. Why cannot the bet be made for 1BTC or much less? It still proves the point of commitment to the prediction, no? Frequently, I ask about escrow possibilities, and hopefully some day, these are going to be more easily accessible within the bitcoin world.... trust-less escrow.. I look forward to the day. |
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