roslinpl
Legendary
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Activity: 2212
Merit: 1199
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April 14, 2014, 05:19:34 PM |
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Last was 460 before 450 How does it looks like for you ? It looks like a launch! To the moon!
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Davyd05
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April 14, 2014, 05:20:14 PM |
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It looks like April 15th is the start of a new China rally. Volume is up.
growing, but I mean this kinda of commentary has spurted from most bullish mouths many times, including my own. What is harder to do but wiser, is wait a week or 2 to see this all plays out
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vonBerlichingen
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April 14, 2014, 05:21:26 PM |
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Put your fingers under her skirt and fasten your seatbelts, please.
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Rampion
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Activity: 1148
Merit: 1018
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April 14, 2014, 05:21:41 PM |
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So through in a gag order and this could have happened to Gox, I'm sure lots of silk road money was in Gox's bank.
Of course this has happened to Gox, it is all public information - Department of Home Security seized a Gox account holding $5M in customers funds, Gox lists those $5M in the "assets" part in their bankrupcy protection filing. If they were compliant, meaning that every customer had a single and separate bank account, that wouldn't have happened - because LEGALLY it would have been customers money, each customers would have held its OWN money in a separate bank account, and it wouldn't have been "Gox money", arbitrarily seizable by LE at the first sign of suspicious activity. The problem here is that getting a banking license costs DOZENS of millions + years of burocracy, and getting an established bank to become your partner by taking full responsibility as Fidor does with Bitcoin.de is no easy job at this stage - hopefully it will become easier in the near future.
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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April 14, 2014, 05:24:21 PM |
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Why would that be more fair? What matters is what 1 unit of currency can buy. That is not determined by how many units could be printed, not even by how many exist, but by how many are in circulation, and the demand for them.
Speaking of demand, I recall someone claiming that the bulk of bitcoin "commerce" (excluding investment and speculation), right now, is internet gambling. Is that true?
Inflation you can trust has value. The QE monetary inflation that just locks in previous inflation in asset prices (asset not tracked in the CPI and monetary inflation studies) paints a different picture. Still this inflation is expected to remain lower that Bitcoin until Q3 2016). But ultimately the price deflation in Bitcoin is not a result of economic growth, but reflects the trust in a predictable monetary inflation policy, where asset prices are not manipulated by the central banks, the volatility arguably reflects greed and fear.
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infofront (OP)
Legendary
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Activity: 2646
Merit: 2793
Shitcoin Minimalist
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April 14, 2014, 05:26:12 PM |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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April 14, 2014, 05:35:24 PM |
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This is a very dangerous game. The levered shorts are hoping another China crash will come before they are force liquidated and the levered longs are counting on the shorts getting liquidated before the crash. Smart players like TERA are long but not levered, ready to pull the trigger and profit either way and I'm on the sidelines watching and learning.
The swap fees amount to somewhere around 60% annual interest. The pressure is building and is going to blow one way or the other.
The bear market didn't suddenly end because some exchange decided to invest in ATMs. China isn't suddenly irrelevant. A SUSTAINED reversal isn't something that happens this quickly with no big news. If it happens at all it happens slowly as utility value replaces speculative value.
The question every wise investor asks themselves is "Is time my friend or my enemy?" If time is your enemy, chances are you are on the wrong side of the trade.
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throwaway
Newbie
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Activity: 57
Merit: 0
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April 14, 2014, 05:46:19 PM |
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LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS a) In 2014, price will visit below 100 = 0% b) In 2014, price will visit below 200 = 0% c) In 2014, price will visit below 300 = 0% d) In 2014, price will visit below 400 = Undecided, sir. e) In 2014, price will visit above 500 = 100% f) In 2014, price will visit above 750 = 100% g) In 2014, price will visit above 1000 = 100% h) In 2014, price will visit above 1250 = 100% i) In 2014, price will visit above 2000 = 100% j) In 2014, price will visit above 3000 = 1% k) In 2014, price will visit above 4000 = 1% l) In 2014, price will visit above 5000 = 1% m) In 2014, price will visit above 7000 = 1% n) In 2014, price will visit above 10000 = 1% /LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
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uhoh
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April 14, 2014, 05:47:51 PM |
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This is a very dangerous game. The levered shorts are hoping another China crash will come before they are force liquidated and the levered longs are counting on the shorts getting liquidated before the crash. Smart players like TERA are long but not levered, ready to pull the trigger and profit either way and I'm on the sidelines watching and learning.
The swap fees amount to somewhere around 60% annual interest. The pressure is building and is going to blow one way or the other.
The bear market didn't suddenly end because some exchange decided to invest in ATMs. China isn't suddenly irrelevant. A SUSTAINED reversal isn't something that happens this quickly with no big news. If it happens at all it happens slowly as utility value replaces speculative value.
The question every wise investor asks themselves is "Is time my friend or my enemy?" If time is your enemy, chances are you are on the wrong side of the trade.
I'm inclined to agree with you, but there has been unexplained reversals in the past (or rather, you find out the news after the run-up, which seems more likely these days with institutional money). Nice volume today though, gonna be an exciting week it seems.
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seldon
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April 14, 2014, 05:49:25 PM |
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Is it already sleepysleepy time in china?
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uhoh
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April 14, 2014, 05:50:45 PM |
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Would be nice to hit 475 again tonight. Only 2K to $500
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p0peji
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April 14, 2014, 05:51:03 PM |
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Will be shorting all the way up to 550$
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chromosoma
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April 14, 2014, 05:52:31 PM |
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So, is china exiting or not?
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GaliX
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April 14, 2014, 05:54:40 PM |
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I have to agree, I am uncomfortable at this price somehow. short is the choice for now.
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Davyd05
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April 14, 2014, 05:58:00 PM |
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This is a very dangerous game. The levered shorts are hoping another China crash will come before they are force liquidated and the levered longs are counting on the shorts getting liquidated before the crash. Smart players like TERA are long but not levered, ready to pull the trigger and profit either way and I'm on the sidelines watching and learning.
The swap fees amount to somewhere around 60% annual interest. The pressure is building and is going to blow one way or the other.
The bear market didn't suddenly end because some exchange decided to invest in ATMs. China isn't suddenly irrelevant. A SUSTAINED reversal isn't something that happens this quickly with no big news. If it happens at all it happens slowly as utility value replaces speculative value.
The question every wise investor asks themselves is "Is time my friend or my enemy?" If time is your enemy, chances are you are on the wrong side of the trade.
I'm inclined to agree with you, but there has been unexplained reversals in the past (or rather, you find out the news after the run-up, which seems more likely these days with institutional money). Nice volume today though, gonna be an exciting week it seems. and the idea that there has been plenty of good news and progress buried in the fear of China's policy making methods
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 14, 2014, 06:00:28 PM |
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magicmexican
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April 14, 2014, 06:06:10 PM |
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Poking @dat double top
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cbeast
Donator
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Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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April 14, 2014, 06:07:49 PM |
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Poking @dat double top
It's a Bitcoin ritual.
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