inca
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Activity: 1176
Merit: 1000
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March 17, 2015, 01:54:31 PM |
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Interesting day. Bitcoin sat in the 290's feeling like it is on the edge of a precipice in a sea of good news.
Bears afraid to short. Bulls afraid to surge through the last few thousand coins to 300.
Two months ago this would have meant a massive increase in shorting and a dispiriting waterfall lower.
Which way do we go!
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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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nioc
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Activity: 1624
Merit: 1008
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March 17, 2015, 01:54:55 PM |
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According to Cargo Cult TA we are going down in the near term starting now.
No Donkeys, no carrots.
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 17, 2015, 01:59:04 PM |
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inca
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Activity: 1176
Merit: 1000
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March 17, 2015, 01:59:12 PM |
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Now would be an excellent time for a Loaded smiley.
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podyx
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Activity: 2338
Merit: 1035
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March 17, 2015, 01:59:49 PM |
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According to Cargo Cult TA we are going down in the near term starting now.
No Donkeys, no carrots.
I have my buy orders at $268, probably going 20x long with the profit I'm making around there too |
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aztecminer
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Activity: 1092
Merit: 1000
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March 17, 2015, 02:14:38 PM |
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 omg this is becoming mind numbing almost as good as watching microsoft installation blue bars and .dll files .. we have at least about five or six more weeks of this sideways action everyone.. keep hanging in there we will get through it! |
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Sitarow
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Activity: 1792
Merit: 1047
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March 17, 2015, 02:19:39 PM |
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michaelGedi
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 17, 2015, 02:23:35 PM |
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Price tried to break down at least 2 times over the last 24 hours or so. Really impressive that we're not experiencing any major corrections as of now. Looking promising so far!
This. Traders who took long positions on Bitfinex are bullish and they don't feel to close their position right now. http://bitcoinist.net/bit-first-publicly-traded-bitcoin-fund/correct me if I'm wrong but when the market opens for these investments funds, is there a mechanism to short available? I haven't done my homework on exactly how they work so feel free to link me elsewhere  so basically my point is, when bitcoin or products derived from bitcoins' value become available to more mainstream financial players, what's to stop them shorting the shit out of BTC? |
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LFC_Bitcoin
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Activity: 3514
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#1 VIP Crypto Casino
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March 17, 2015, 02:28:37 PM |
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This is pretty dull
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LFC_Bitcoin
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Activity: 3514
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#1 VIP Crypto Casino
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March 17, 2015, 02:32:02 PM |
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I give to numerous charities & sponsor a child in Ghana. Good to see people are helping him but I already help enough people. |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 17, 2015, 02:40:15 PM |
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This is pretty dull
Ok, who woke-up the dumpers? testing or pre-empting a drop to 260ish, I'm excited  |
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inca
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Activity: 1176
Merit: 1000
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March 17, 2015, 02:41:47 PM |
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Not much follow through selling so far.. Hope you aren't getting bear trapped |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 17, 2015, 02:44:25 PM |
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yeah I got pretty emo reading that, I've known lophie as a community member whose posts I respect for some time so good to see older members getting something back. What is annoying is the number of scams that over balance the scales when it comes to this sort of thing... There is a really cute thread somewhere a while back started by a kid raising money for his dog to have an operation. The potential donors were quite rigorous requesting proof, and ultimately a few guys covered the entire costs and there's now a nice trail of photos and heart warming thank you posts and such |
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Bitcoiner_cph
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March 17, 2015, 02:46:06 PM |
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The market finally woke up.
Its looks like an indecisive market, it could turn from bear to bull any sec.
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ChuckBuck
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March 17, 2015, 02:47:31 PM |
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yeah I got pretty emo reading that, I've know lophie as a community member whose posts I respect for some time so good to see older members getting something back. What is annoying is the number of scams that over balance the scales when it comes to this sort of thing... There is a really cute thread somewhere a while back started by a kid raising money for his dog to have an operation. The potential donors were quite rigorous requesting proof, and ultimately a few guys covered the entire costs and there's now a nice trail of photos and heart warming thank you posts and such Oh yea, the pirate dog I believe. Wanted to believe that dude from Brazil, but with Lophie it was sorta instantaneous. There was no scam alarms, no spidey sense tingling, and I just felt inclined to chip in what I could in helping Lophie out in his time of distress. Just seemed genuine off the bat.... |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 17, 2015, 02:48:40 PM |
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Not much follow through selling so far.. Hope you aren't getting bear trapped so far... thank you sir, I hope you aren't getting bull trapped  The market finally woke up.
Its looks like an indecisive market, it could turn from bear to bull any sec.
you are full of insights, aren't you.... you |
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Sitarow
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Activity: 1792
Merit: 1047
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March 17, 2015, 02:48:53 PM |
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Bitcoiner_cph
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March 17, 2015, 02:50:37 PM |
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let it fall to 100 USD and I will be very happy, buying more coins... unfortunately I think we are in a bull market and soon break through the 300 USD mark.
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