BitcoinNewbie15
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Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
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August 02, 2015, 07:09:08 PM |
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Bitcoin has been really volatile again these past few days. Last time I checked the price it was at $290 and it has been bouncing around $276 - $290 a lot lately. I wonder if it will have a leg up or down soon.
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Jdj1727
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August 02, 2015, 07:14:30 PM |
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A lot of votes for BTC over $700 in August...interesting.
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coinableS
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Activity: 1442
Merit: 1179
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August 02, 2015, 07:47:32 PM |
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Bitcoin has been really volatile again these past few days. Last time I checked the price it was at $290 and it has been bouncing around $276 - $290 a lot lately. I wonder if it will have a leg up or down soon.
A leg up. That bounce down was the price re-coiling before it jumps back up over $300. It just has to back up a bit so that it can get a running start.  |
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EsBitcoin.org
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August 02, 2015, 07:49:37 PM |
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No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !
Shorts on bitfinex at 9600. No one shorting the rallies anymore. If we hold this technical level the next three months could be exciting. EDIT: and the walls are gone, toehold back on 280 again.. With this volume shorting is dangerous... |
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tommorisonwebdesign
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August 02, 2015, 07:54:08 PM |
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No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !
Shorts on bitfinex at 9600. No one shorting the rallies anymore. If we hold this technical level the next three months could be exciting. EDIT: and the walls are gone, toehold back on 280 again.. With this volume shorting is dangerous... Hopefully there is less trading volume so let's hope the price will not drop by that much. |
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jbreher
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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August 02, 2015, 07:55:29 PM |
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At least for me it seems the world is not really ready/interested in Bitcoin but much rather they are interested in the Blockchain behind it.
It seems this way because news outlets are reporting the proclamations of bankers, as if having more authority than the opinions of a band of ragtag technologists and libertarian amateur economists. Bankers, for their part, are interested in blockchain technology and not Bitcoin itself, as they want the cheapness of decentralized ledgers while maintaining insulative control that allows them to create money at will. But in the current form of Bitcoin as a currency is not the valuable thing... The Blockchain is the valuable thing.
Yes. The Blockchain (I note you accorded it proper noun status) -- the specific blockchain attached to Bitcoin -- is the valuable thing. Banks have a major challenge ahead of them trying to create a separate blockchain under their control, that is secure against 'incursions', when Bitcoin's Blockchain is already secured with the largest collection of computing power that humanity has ever amassed against a single problem. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2015, 08:02:19 PM |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2015, 09:02:18 PM |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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August 02, 2015, 09:58:38 PM |
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At least for me it seems the world is not really ready/interested in Bitcoin but much rather they are interested in the Blockchain behind it.
It seems this way because news outlets are reporting the proclamations of bankers, as if having more authority than the opinions of a band of ragtag technologists and libertarian amateur economists. Bankers, for their part, are interested in blockchain technology and not Bitcoin itself, as they want the cheapness of decentralized ledgers while maintaining insulative control that allows them to create money at will. But in the current form of Bitcoin as a currency is not the valuable thing... The Blockchain is the valuable thing.
Yes. The Blockchain (I note you accorded it proper noun status) -- the specific blockchain attached to Bitcoin -- is the valuable thing. Banks have a major challenge ahead of them trying to create a separate blockchain under their control, that is secure against 'incursions', when Bitcoin's Blockchain is already secured with the largest collection of computing power that humanity has ever amassed against a single problem. Bankers as a rule are stupid. It may take them quite a while to figure out that their blockchain is worthless unless somebody pays the miners. I may talk down about miners occasionally, but they are necessary. Also, the age of the ledger gives it added legitimcy, and no crypto ledger is older than bitcoins. As you say, it's the difference between a record of a transaction and THE record of a transaction. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2015, 10:02:21 PM |
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cmacwiz
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August 02, 2015, 10:07:16 PM |
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billyjoe with the c-c-c-c-combo breaker.
slow sunday...
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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August 02, 2015, 10:21:16 PM |
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only about 5K coins to dump to get to $275. Think it'll get touched by the Chinese panic monkeys tonight? I'm thinking dumpers are out of coins to dump, but I've been really wrong before. I may be margin long, but I still have some dry powder just in case they take one last good whack at support.
oops, another big buy. I see the bears opportunity slipping away. maybe resistance will get tested first.
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rememberme
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August 02, 2015, 10:26:36 PM |
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ROCKET WE GO MOON NOWWWWWWWW  |
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criptix
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Merit: 1145
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August 02, 2015, 10:34:51 PM |
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i hope for another leg down before we go up again  |
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BlackSpidy
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August 02, 2015, 10:45:35 PM |
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i hope for another leg down before we go up again Yeah, guys. Come on, wait for me! I just need a few more weeks to get this exchange thing verified and completely figured out. |
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Morecoin Freeman
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August 02, 2015, 10:50:01 PM |
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My latest prediction: $400 within 2015.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2015, 11:02:16 PM |
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Greendragon
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Activity: 70
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August 02, 2015, 11:04:04 PM |
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My latest prediction: $400 within 2015.
Why so bearish? |
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Meuh6879
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Activity: 1512
Merit: 1011
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August 02, 2015, 11:41:02 PM |
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1 monday of the month. need to rise ... like usual ... |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 03, 2015, 12:02:40 AM |
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