Sitarow
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July 11, 2015, 10:31:05 PM |
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Richy_T
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July 11, 2015, 10:33:16 PM |
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However, family is tricky.
Yep. My experience is that any financial entanglement with family should be exited as quickly and graciously as possible.
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aztecminer
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July 11, 2015, 10:35:57 PM |
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i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme.. yes, everyone should diversificate into gold and silver too. But to be mobile crypto is infinitely better. And there is Darkwallet and a couple of other projects which can help with privacy. i always have been a metals person..... i did believe crypto was a good idea because i cannot put a gold or silver coin through the internet .. privacy would definitely help with crypto ... there is another problem with bitcoin... imagine a currency system that has the ability to lock out and ban individuals from that system.... bitcoin has serious flaws that need to be exposed to public awareness.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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July 11, 2015, 10:39:23 PM |
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I personally wouldn't be advising family members to invest in BTC. It's a massively risky investment & just because I believe in it doesn't mean I'd be willing to risk the wrath of family or friends by telling them to invest. BTC could go either way, I wouldn't want anybody elses financial status riding on advice given by me. Too much pressure.
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aztecminer
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July 11, 2015, 10:47:54 PM |
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I've seen stolfi battling for blocksize increases on Reddit.
and that's another proof that blocksize increase is a bad idea. I like LTC mostly for its fix against spam. i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme.. i think gold and silver backed dollar is a much better alternative as a replacement currency.. bitcoin should remain the pump and dump scheme of whales that it has become. the constitution of the united states clearly states that only gold and silver is currency .. we are talking about FREEDOM and LIBERTY here. Gold and silver is more manipulated than Bitcoin is. Where's the freedom and liberty if you put a gun to people's head and insist they only use gold and silver as currency? This term 'cashless society' is just thrown around but do you truly know what it means? BTC actually has all the advantages cash has. With Bitcoin all transactions are recorded yes, but it's really not that hard to make sure the BTC address you transact with can not be linked back to you personally if you want to. Darkwallet and other methods will make sure of that. A gold or silver backed dollar is not better, and it's also not gonna happen ever. What's much sooner going to happen is all cash being banned with all fiat transactions being recorded (and BTC failing because people are afraid of 'cashless society' lol), which believe me is a much much worse scenario than the one you will have with BTC being successful. yes metals have been manipulated down.. and that is exactly why people should be buying them. because the current usd 'interest to infinity' debt slavery reserve system is FAILING.. with bitcoin people will not be able to trade if they don't have a cell phone, or a pc.. their coins can be forked out of the system.... it's NOT going to work as a replacement currency.. it will fail just as the fiat usd currency is FAILING. The state of texas has created a depository for gold and silver and requested their gold from the fed. they did not do that just for the heck of it.
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Miz4r
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July 11, 2015, 10:48:24 PM |
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i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme.. yes, everyone should diversificate into gold and silver too. But to be mobile crypto is infinitely better. And there is Darkwallet and a couple of other projects which can help with privacy. i always have been a metals person..... i did believe crypto was a good idea because i cannot put a gold or silver coin through the internet .. privacy would definitely help with crypto ... there is another problem with bitcoin... imagine a currency system that has the ability to lock out and ban individuals from that system.... bitcoin has serious flaws that need to be exposed to public awareness. Please explain how you can lock out and ban individuals from using Bitcoin.
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ChartBuddy
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July 11, 2015, 11:01:37 PM |
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JerryCurlzzz
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July 11, 2015, 11:17:36 PM |
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We keep tappin' on that $300 resistance (well, not quite ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) ) and can't seem to break it. I'm seeing a big assortment of Cup-and-Handles being drawn on Tradingview from the $315 spike to now. Is it time to retrace and form that handle? Any targets?
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Sitarow
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July 11, 2015, 11:27:17 PM |
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BTW ^ this address has been receiving LTC even before the LTC rise. https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=80004/20/2015 1:25:02 PM (UTC) 34ya1Bx4MQQnQJEnyG1G914fPTKZnPSrj2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT see tx + 500 LTC 4/20/2015 12:53:21 PM (UTC) 388R1NB8w28Rid3MBXPbhp7rG5ojdx2Udf, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT see tx + 3,000 LTC 4/20/2015 12:29:08 PM (UTC) 3FnCGzkGuYTUy8kqEVJLiwcD45HDna3V6n, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT see tx + 500 LTC 4/20/2015 9:12:56 AM (UTC) 3Nh3pRKbyEi8tWP5DvF43tzb9sLabqHNH2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT see tx + 1,000 LTC 9AM EST 2015-07-10 ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fbet9CHAl.png&t=665&c=IxwNpS3fisSKPA) 6:28PM EST 2015-07-10 ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FygIQFatl.png&t=665&c=J6X0Yl2z5WvwJQ) Those that claim that that address is may wish to reevaluate their conclusions as to the caused the LTC/BTC dump. https://bitinfocharts.com/litecoin/address/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatoutx: f8281149e...d0cb 813259 2015-07-10 04:57:20 -500 LTC 1,068,047.7324 LTC $6,397,658 @ $6 <---- That is when withdraws started on the wallet. After the dump.
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spike420211
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July 11, 2015, 11:28:56 PM |
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290-295 steadily sailing the seas of cheese... ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fthereformedbroker.com%2Fwp-content%2Fuploads%2F2011%2F02%2Fseas-of-cheese.jpg&t=665&c=rSZCL7AwKPzPxA)
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Sitarow
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July 11, 2015, 11:37:43 PM |
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ejinte
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July 11, 2015, 11:38:43 PM |
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i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme.. yes, everyone should diversificate into gold and silver too. But to be mobile crypto is infinitely better. And there is Darkwallet and a couple of other projects which can help with privacy. I didn't write this. Please get your quoting right next time.
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JorgeStolfi
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July 12, 2015, 12:00:03 AM |
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Here is a tinfoil hat theory for your amusement: the stress test was part of a pump-and-dump plan for Litecoin.
I have read on /r/bitcoin that some Chinese entity had been pumping Litcoin in China for some time, with ads etc.. Also there I read a testimonial by a BTC day-trader who said he used LTC regularly for arbitrage, to move funds between exchanges -- because of Litecoin's much shorter block interval (2.5 min).
So, perhaps those same Litecoin pumpers contracted the stress test, for the purpose of pushing as much of that inter-exchange traffic to LTC instead fo BTC, driving up its price even futher -- before the final dump.
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ChartBuddy
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July 12, 2015, 12:01:37 AM |
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shmadz
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July 12, 2015, 12:08:48 AM |
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Am I the only one looking for a small scalp short for a correction?
I mean yes sure it's bullish, but it doesn't mean it doesn't follow any general market behavior ...
Don't you remember the "general market behavior" of bitcoin from November 2013? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi62.tinypic.com%2F244e4ir.png&t=665&c=1NBcutDkuwrytw) What if this time it's *not* different? ------------------------------------------------- I'm not trying to advise or chide you for your strategy, everyone does it there own way, based on their own preference and experience. I'm sure you're not the only one looking to scalp the market and that's why it will probably work like a charm... I'm just posting a reminder that sometimes the market does not act as you think it should. If we have anything like a repeat of that fateful month in November 2013, I will be glad to be well set in a long term, non-leveraged position that was accumulated slowly in the 200's rather than trying to buy back in after a scalping attempt gone wrong as the market runs away from me. Best of luck everyone.
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dscotese
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July 12, 2015, 12:09:07 AM |
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It figures. My sell order was at $296.62 missed the top by 52 cents. This keeps happening to me. Look people, we don't have a central bank so it's up to us day traders to keep the price stable enough for bitcoin to be usable as a currency. if it jumps up 10% in a day, sell. buy when it retraces 5%. don't let it rise too far too fast. It's unsustainable, draws in the wrong crowd and drives out more cautious investors.
I would be happy to see consolidation in this range for a few days before the assault on $300.
Remember, you have more money to buy the dips if you sell the spikes.
Thank you for providing this liquidity and stability, and I wish you every success with it. I wrote a bot that maintains a dollar-value position in bitcoin for me using BitFinex margin trading. Speculators like to take risks and push the price around, so I like to absorb the fruits of their labor.
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GaliX
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July 12, 2015, 12:09:50 AM |
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I totally agree. People said the same at litecoin... "This time it's different!" ... yea it was not different at all. On top, Litecoin started this pump and was leading every leg up ahead of bitcoin. The last leg up for bitcoin was also the biggest volume on a daily we had for a pretty long time. The last leg to the upside was directly from the LTC dump in China as many coins were dumped on the LTC/BTC pair, which would explain the crazy Pinbar we see on the chinese exchanges. The recent push trying to break 300$ on western exchanges was in my opinion just a good indicator that this time it is not different.. Just like on LTC... To me this looks really toppish with RSI overbought at every time frame we could see a good retrace here even thought the candles look really bullish. As for now I took all the profits of my long position and I decided to look for signs to go short. If we have a strong move through 300 to 315$ I am letting my thoughts fall on this and get ueber bullish again. If we see a bigger correction right here I am going to look really closely at the dip because if my LTC thoughts are right we will not see enough buy power to buy the dip back up. 95 000 btc margin longs looking for profit are crazy scary compared to just 9 000 btc margin shorts. Maybe I am wrong and stupid but I am shorting this for now.
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TerraMaster
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July 12, 2015, 12:24:39 AM |
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I personally wouldn't be advising family members to invest in BTC. It's a massively risky investment & just because I believe in it doesn't mean I'd be willing to risk the wrath of family or friends by telling them to invest. BTC could go either way, I wouldn't want anybody elses financial status riding on advice given by me. Too much pressure.
Last time I advised or pointed out BTC as an investment was when it was reaching $90.00 lol, even then I felt nervous about informing a close friend of BTC as an investment ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) of course we all know where BTC went to later that year ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) that was the most exciting time, well cashing in on BTC at $1100.00 + ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Ahhhh the good old days" ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) PS: My friend, well she felt it was to risky at $90.00 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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shmadz
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July 12, 2015, 12:31:35 AM |
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Maybe I am wrong and stupid but I am shorting this for now.
I'm pretty sure you're not stupid, and I hope you're not wrong. A sharp pull-back from here would keep us in the 200-300 range I've been hoping would last all summer. Also would be a real kick in the teeth to all the building hype, so there's that tendency to move in the direction of most pain thing... But if we break above 300 and stay above 300? -- to me it would be analogous to when we broke and held above $10 after spending almost all of 2012 at +/- $5... meaning not a good time to be in a short position.
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