JayJuanGee
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Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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March 18, 2014, 02:13:03 PM |
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It's obvious that the better posters that were here have flocked somewhere else. Hard on the eyes these days.
Yes.... with 12 posts, you speak with the authority of posting experience .
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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March 18, 2014, 02:18:58 PM |
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Looks like that 2k dip was a try to force panic sell but it ain't work ^^
We will see, as I stupidly bought at 685 I have to hodl through this.
We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish.... It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....
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freebit13
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March 18, 2014, 02:19:56 PM |
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Interesting that they put "Terrorism and Financial Intelligence" together..
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 18, 2014, 02:25:27 PM |
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Looks like that 2k dip was a try to force panic sell but it ain't work ^^
We will see, as I stupidly bought at 685 I have to hodl through this.
We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish.... It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... i'm thinking about buying more soon don't wanna miss a good flash crash, I also think this downward trend is very temporary
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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March 18, 2014, 02:29:32 PM |
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Anyone able to load Bitfinex.com ?
Works for me. Its loading now, but during the dumps it went kaput. On another note, LTC is holding like a man! ltc always holds, the dump always comes later. usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare It's becuase the LTC rally is event-based (btcchina, huobi) oh, I can assure you that it is more than that, I bought my first Litecoins at $0.17 look how much they made me today and I am not selling yet, $100 till the end of this year seems very possible http://www.mmitech.info/?p=63Absent further developments, $50 seems like a good LTC sell point.... within the next 4-6 months.... Now on the other hand, LTC will probably tag along with BTC, once BTC starts to skyrocket.. so you may be correct about the $100 by the end of the year being greatly possible... but that $100 plus would likely only come about b/c BTC is going over $1500 or so at the same time..so an investor would likely NOT be better off in LTC rather than BTC.. even though in the short run.. next 2-3 months, there may be spurts in which it is better to be in LTC.. I do NOT claim to be any kind of expert.. just going based on the fact that LTC does NOT really add much of anything to BTC.. .and there are a lot of LTC replacements.. but there are NOT really any feasible BTC replacements.. at least NOT at the moment.
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adsdas
Sr. Member
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Activity: 337
Merit: 250
https://streamies.io/
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March 18, 2014, 02:32:30 PM |
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LTC $20 within 24h?
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bassclef
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March 18, 2014, 02:34:14 PM |
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Woke up to a nice LTC rally. Glad I bought low.
LTC does add faster confirmation times, and its Scrypt algorithm is more resistant to ASICs. That's pretty much it.
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rpietila
Donator
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Activity: 1722
Merit: 1036
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March 18, 2014, 02:34:50 PM |
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Just 6 months ago it would have been insane to think that Bitcoin could be 600 in the next bottom.
Perhaps after 6 months, it will be 3000 AND people bored and complaining and scared that it might go to 2500.
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dreamspark
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March 18, 2014, 02:35:08 PM |
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It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... What does that even mean...
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JorgeStolfi
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March 18, 2014, 02:36:04 PM |
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Also, SecondMarket's Bitcoin Investment Trust (BIT) stated that they would "start liquidity no later than March 2014". I understand that as meaning: sometime this month, some BIT investors will finally be allowed to "liquidate" their investment, that is, convert their BIT shares into dollars at the current share value -- which is pegged to the current BTC/USD price. Early BIT investors who choose to liquidate now will make a handsome profit (400% or more?), but the profit will be less if bitcoin price continues to fall. Presumably some investors will choose to liquidate now. In that case the fund will have to sell some of their BTC holdings to get the necessary USD. Even if BIT pays out of their USD reserve, they will have to replenish it soon afterward. BIT's bitcoin holdings are estimated to be near 90,000 BTC. If they have to sell some of that on the exchanges, it may easily bring the price down. Ditto if they sell off-market but the buyers then sell on-market. I suppose that BIT may be tempted try to drive the BTC price down before enabling liquidity, because then they would have to pay less USD to the investors who liquidate. In that "plan", BIT would later buy back those coins on-market to drive the price back up. I don't know whether this would work; it may push more investors to liquidate and may scare new investors (not that they have many now it seems). Note that this manipulation is possible with bitcoin due to the limited liquidity of the exchanges. Does this make sense? EDIT: typo
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dreamspark
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March 18, 2014, 02:36:19 PM |
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Just wished Id put more than the 20 BTC into ltc a few weeks ago. That would have paid for a nice summer holiday...
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 18, 2014, 02:36:30 PM |
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It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... What does that even mean... it means he bought in at X price and hopes to be back to about even in up to 2 month
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JayJuanGee
Legendary
Offline
Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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March 18, 2014, 02:37:34 PM |
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Looks like that 2k dip was a try to force panic sell but it ain't work ^^
We will see, as I stupidly bought at 685 I have to hodl through this.
We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish.... It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... i'm thinking about buying more soon don't wanna miss a good flash crash, I also think this downward trend is very temporary WE are considering this downward BTC price similarly, me thinks..... At this point, my next buy point would be at $590 or below. if the price gets there and stays there long enough for me to pull the trigger. In spite of some of this recent discussion about the lack of fiat on the seeable books, I continue to have my doubts about getting to those below $590 levels for any sustained length of time - even though i have been surprised before.
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Todorius
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March 18, 2014, 02:37:38 PM |
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Just 6 months ago it would have been insane to think that Bitcoin could be 600 in the next bottom.
Perhaps after 6 months, it will be 3000 AND people bored and complaining and scared that it might go to 2500.
I'd say that's a pretty realistic scenario. Not too optimistic even, a quite reasonable and normal scenario. If normal even exists in the bitcoin world.
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dreamspark
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March 18, 2014, 02:40:36 PM |
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It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... What does that even mean... it means he bought in at X price and hopes to be back to about even in up to 2 month Yeah I skimmed over and read it wrong. I wouldnt worry about having your average at $685 we'll be back there before two months, its the people waiting to break even on their $1200 coins that may have to wait a while.
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JorgeStolfi
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March 18, 2014, 02:43:01 PM |
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Just 6 months ago it would have been insane to think that Bitcoin could be 600 in the next bottom.
Presumably many of those who bought at 800$ just two months ago did not expect that the next significant high would be 710$.
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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March 18, 2014, 02:44:00 PM |
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Just transferred 0.32 btc I had on btc-e into 10.5 ltc just for fun because damn I missed the ltc train 2 weeks ago. Lets see what happens in the next 2 hrs
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JayJuanGee
Legendary
Offline
Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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March 18, 2014, 02:45:00 PM |
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It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... What does that even mean... Why do you ask me what it means, when you cite my previous post without its context. It seems that the context shows what the statement means... So one more time, just in case you were NOT trolling me: If an investor has a BTC buy-in investment price at $685, then that investor is in the red when the current BTC price is below $685 and in the black when the current BTC price is above $685... The rest of the meaning of my statement is merely my speculating and/or hoping concerning when the price will return above $685... Hopefully, that explanation helps you to understand my earlier intended communication.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 18, 2014, 02:46:42 PM |
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Looks like that 2k dip was a try to force panic sell but it ain't work ^^
We will see, as I stupidly bought at 685 I have to hodl through this.
We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish.... It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... i'm thinking about buying more soon don't wanna miss a good flash crash, I also think this downward trend is very temporary WE are considering this downward BTC price similarly, me thinks..... At this point, my next buy point would be at $590 or below. if the price gets there and stays there long enough for me to pull the trigger. In spite of some of this recent discussion about the lack of fiat on the seeable books, I continue to have my doubts about getting to those below $590 levels for any sustained length of time - even though i have been surprised before. theres not a half bad chance that poeple will start selling because price is low, price inchies lower and lower, poeple get discouraged and sell at the bottom. I did this a long time ago.... not about to make this mistake again
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Zapffe
Newbie
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Activity: 28
Merit: 0
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March 18, 2014, 02:46:45 PM |
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There will probably be couple of days with BTC rising in Bitstamp, because people will start throwing in some fiat to transfer to other exchanges to acquire LTC. This time period will be the sweet spot to move out.
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