jonoiv
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April 10, 2014, 01:58:37 PM |
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in 2014, all this bad new has battered BTC into a corner. But I see the biggest risk not coming from banks and governments, but from other Crypto's. Other coins will become more attractive to mine, because all that sha256 hash power fells kind of lame when ($9,999) 2TH state of the art asic only makes 0.16 BTC a day, it fells like your being short changed.
Peercoin for example's price is 4.5 times lower than peak prices, so when the uptrend starts agan in the future, it will be more profitable to buy and hold than BTC. the PoW mining profitability is 88% of BTC now but that overtakes on uptrends, Peercoin also uses sha256 asics and does not suffer from a static coin cap and is in fact mineable without any hardware at all via PoS mining (just leave you wallet open & don't move coins). PoS is environmentally more sound as well, as only the PoW miners use the asics. meaning Peercoin investors gain (interest on their investment) as well as a higher percentage shift on an uptrend. It's also less techy to PoS mine as you need no real experience. Just open the wallet and wait for the interest to roll in.
Although It will never take over from BTC anytime soon I see the gap narrowing in 2014. I will be taking 35% peercoin 35% LTC 30% BTC.. if the ball starts rolling again later this year.
This year will define crypto, i don't think it's certain in which way or that it will go the same way as previous years. Peercoin is established and is more advanced than BTC in many ways. keep your eye on it in 2014.
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adamstgBit
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April 10, 2014, 02:00:00 PM |
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I guess they were right Thursdays is dump day.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 10, 2014, 02:00:25 PM |
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lemonte
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April 10, 2014, 02:00:37 PM |
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The market needs a resting period after the china fiasco is finally settled, then good news will actually find fertile ground again
I agree, we've had such a shit 2014 so far. December - China ban is announced January - China ban deadline February - Literally a week after the China ban, Mark and his pals from Gox stop withdrawals with this lasting the whole month until they go bankrupt at the end March - China 2: The empire strikes back (Part 1) is announced April - China 2 deadline It's easy to see why we are dropping and why good news isn't making any difference with this hanging over us. Next week we should see the China ban play out and someone from Gox visit the USA to appear in court, once that's over and done with this dampening effect will wear off and good news should begin to make a difference again. True.True. I can only say that over the last three months I have observed such a dramatic change in the comments below bitcoin related articles in one of Austria's biggest news websites. In 2013 at least 95% of the comments were people harassing the idea of bitcoin etc, now the comments are 80% pro bitcoin. And there's at least an article about bitcoin every three weeks it seems. For what it's worth in my surroundings the idea seams to be spreading fast and gaining positive ground. Heck even my grandmother recently asked me if I know anything about this 'virtual money'.. edit: but for now the price seems to not have found it's ground yet and I will remain fiat until this China nonsense is dealt with 100% on the mark! Well in my opinion anyway. I can't read charts very well so my TA is pretty bad and I rely on looking at what others have written and coming to a conclusion myself based on what I can assess via sentiment which I can read fairly well. The day my Mum rang me asking me what a "Mt Gox was and if they had stolen all my bitcoins" was the day I realised that BTC is beginning to reach the masses. Everytime I go and see my family it pops up in conversation now and members of my family who work in banking (not high up, or investment banking, just regular tellers) are becoming more and more interested and even tell me little bits about mentions from within their places of work etc. I am by no means bearish at the minute, and believe we have a way to go until we do see the bottom as if you look on Twitter, Reddit etc there are still a lot of questions rather than statements/ news stories with proper sources and we have no clue as to how next week, or even the weekend are going to play out, but anyone that thinks we are going to be staying at the bottom for a long time is deluded in my opinion.
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billyjoeallen
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Hide your women
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April 10, 2014, 02:00:48 PM |
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Cup and handle. Here comes the bounce. Sell @ $420-430.
I see no cup and handle. It went $440 -> $410 then has sat around there for a few hours now. Right. I was hoping some of you who hadn't already sold would have a chance to sell less painlessly. I could tell it was another dead cat bounce when volume petered out instead of building. After further review of the order book, My highest buy order now is around $300 with a possible flash crash to ~$156 on Bitfinex, the place where the order book has the same number of bids as asks. The possible short squeeze target is ~ $588. These estimates are subject to change as the order book changes. The trend is not reversed and only has an 85% chance of reversing even after the China situation is resolved. IF it is resolved. Something has to happen in order for a downtrend to be reversed equal in magnitude to the thing that caused it. In short, it likely has to get worse before it gets better. My highest buy order before April $15 is near $300 and that may be too optimistic. Successful day trading requires you to quickly reassess situations, cut losses and turn on a dime if new information warrants. I still see no signs of hidden support. I'm hoping that's because it is too well hidden and not because it doesn't exist.
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fonzie
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April 10, 2014, 02:04:17 PM |
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Spike until 460$ possible?
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chromosoma
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April 10, 2014, 02:04:40 PM |
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Dammit, i want to see BTC under the 400$ mark, why does it take so long?? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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uhoh
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April 10, 2014, 02:05:22 PM |
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Spike until 460$ possible?
Bullish now ?! make your mind up! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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JorgeStolfi
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April 10, 2014, 02:06:00 PM |
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[ ... ] People who have gotten rich with all kinds of shady shenanigans. And the best food for BTC growth would be someone who has money, but whose only knowledge about finance are youtube videos telling about banksters and their alien overlords of reptilian race. [ ... ] I'm not lying to myself about bitcoin, it's not about liberty, freedom and saving the world. Bitcoin growth has the most potential where there is the most crime, corruption and dumb money.
Well, I appreciate your frankness, at least. However, when bitcoin is sold as a hedge against inflation, as a get-rich-quick scheme, or whatever, it ends up being bought by many people who are not rich, criminals, or corrupt politicians: just ordinary people who hope to get a little better life, and do not know enough economics to see through the bitcoiners' hype. Many of them are induced to put all their savings, sell their houses and make debts by the promises of bitcoiners whose goal is, essentially, to take their money. Sorry, but that moral excuse does not work. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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adamstgBit
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April 10, 2014, 02:07:14 PM |
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feels low
buys are rolling in at a rapid rate.
420 in a few hours.
then spike to 460 tomorrow ish
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adamstgBit
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April 10, 2014, 02:07:40 PM |
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what happened?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 10, 2014, 02:07:56 PM |
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Well, one more time, it really looks like its over. I HODL but lets see how this one works out. I almost halved all my savings in just a few weeks, buying @700 ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) You can also buy some more, no? and then your average BTC buy price will drop. NOT always practical for everyone, but a possibility for you?
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Davyd05
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April 10, 2014, 02:10:00 PM |
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Well, one more time, it really looks like its over. I HODL but lets see how this one works out. I almost halved all my savings in just a few weeks, buying @700 ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) You can also buy some more, no? and then your average BTC buy price will drop. NOT always practical for everyone, but a possibility for you? avoided this issue by waiting till the buy price was lower than my avg. buy in cost. I would be selling before the coins if I were a seller while above that point...as it went below that It became a buy signal TO ONLY ME <
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fonzie
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April 10, 2014, 02:10:26 PM |
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what happened?
bull trap in progresss i´m leveraged long from 408 to 435-460$ COO CHOO Adam ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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cbutters
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April 10, 2014, 02:18:14 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fbewilderedmother.files.wordpress.com%2F2013%2F05%2Frafiki-it-is-time.jpeg&t=665&c=eFu4rPxTCJ078w) Time to buy! 380-400 defended what... 3-4 times now!?
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hdbuck
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April 10, 2014, 02:18:55 PM |
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bitcoin's newtork computing power: almost 600 exaFLOPS! yeayyyy ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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JorgeStolfi
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April 10, 2014, 02:22:00 PM |
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I don't know what is the point of growing my stash at this point.
Well, when BTC succeeds, would you want to buy Germany, or would you be satisfied with Estonia and a slice of Angola? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Ivanhoe
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April 10, 2014, 02:22:16 PM |
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Where do you find the time to react all the time fonzie? You got 1700 posts since you registered, and none of them shows any intelligence. You really should find some friends or do something productive with your time kid. It's ok to be a bear, but don't annoy the wrong people.
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Bronstad
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April 10, 2014, 02:23:15 PM |
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fonzie
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April 10, 2014, 02:24:06 PM |
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Where do you find the time to react all the time fonzie? You got 1700 posts since you registered, and none of them shows any intelligence. You really should find some friends or do something productive with your time kid. It's ok to be a bear, but don't annoy the wrong people.
Ok, thanks for your consideration. Who exactly are the wrong people, is this a threat?
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