spiderbrain
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Activity: 889
Merit: 1013
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June 30, 2014, 09:31:15 AM |
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Something to bare in mind, I'm as happy as anyone to see it going up BUT... we have bank runs in Bulgaria, the Spanish government dipping their hand into peoples savings, the UK government bypassing the need for court orders to do the same... All this will almost certainly be good for bitcoin but when economies fail people suffer. I'm reading through the history of economics during the Weimar Republic at the mo and its scarily similar to our current situation, millions suffered and much of the middle class became paupers in the space of weeks. There where also many that made huge profits from the situation... and there where lynchings. The banks greed is going to be their downfall and its going to cause a lot of misery.
Aye |
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ShroomsKit
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June 30, 2014, 09:41:05 AM |
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The train makes a short pitstop. Will continue soon again  |
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MoreFun
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Activity: 1008
Merit: 1003
WePower.red
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June 30, 2014, 09:44:00 AM |
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The train makes a short pitstop. Will continue soon again The minute when money will arrive to stamp. |
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flynn
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June 30, 2014, 09:49:03 AM |
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Bitcoin always comes back to 666 ; only a dinosaur can move it away from that price
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sickpig
Legendary
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Activity: 1260
Merit: 1008
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June 30, 2014, 09:50:32 AM |
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Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.
Did ShroomsKit hack your account? (sorry can't resist  ) |
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mizzle
Newbie
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Activity: 23
Merit: 0
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June 30, 2014, 09:53:58 AM |
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i imagine thursday is when a lot of people get paid for the week, buying the btc on thursday / friday.
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kurious
Legendary
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Activity: 2590
Merit: 1643
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June 30, 2014, 09:58:07 AM |
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Bitcoin always comes back to 666 ; only a dinosaur can move it away from that price
Ooh - are you predicting dinosaur TA - where's magic mexican when we need him...? |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 30, 2014, 10:00:40 AM |
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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June 30, 2014, 10:02:22 AM |
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Bitcoin always comes back to 666 ; only a dinosaur can move it away from that price
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ShroomsKit
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June 30, 2014, 10:10:33 AM |
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700 wall on bitfinex getting eaten.
EDIT: ...and pulled at about 350
Wut? |
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ShroomsKit
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June 30, 2014, 10:15:45 AM |
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700 wall on bitfinex getting eaten.
EDIT: ...and pulled at about 350
Wut? Someone put up a 700 coin ask wall at 625 on bitfinex, about 150 coins from it where dumped into the bid side and bids of around 10 to 70 coins ate it down to under 400 fairly fast. Aaah ok. |
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ShroomsKit
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June 30, 2014, 10:16:27 AM |
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Craaaaash panic baaaaaaahh
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MoreFun
Legendary
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Activity: 1008
Merit: 1003
WePower.red
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June 30, 2014, 10:26:31 AM |
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Woot, 2.3k wall at 230 on bitfinex Not sure how much truth there is in this July the 4th stuff but I'm guessing that will be one seriously butthurt whale before too long  Scarewall. |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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June 30, 2014, 10:28:53 AM |
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It's nice that my alarms actually worked for once, now how to figure when to close open positions...
Should one just close now and take the profits?
Or do you just let it run and continue to let the fees eat away at profits?
Sorry for noob questions.
dear noob. If you're a noob, maybe you shouldn't use leverage. Also: if you take profit in USD you're doing that bitcoin-thing wrong. Please consider the option of closing your leveraged long position and just buying some bitcoin outright. No continiual fees attached. Thanks molecular, sorry I wasn't more clear, I've just started playing with leverage on btc.sx -it's a pure bitcoin play. I'm all out of fiat, and my mining income just isn't cutting it for me anymore, so I figured leverage looked fun. Thanks for the advice anyways tho Yeah, I think molecular was a bit harsh here. To answer your question: going long on leverage in btc is slightly less dangerous to begin with than going short on leverage, but even the latter _can_ make sense, if used very, very controlled. In your case, you're making a bit of a gamble that I personally wouldn't do: you are betting big (leverage) on a major breakout, but you don't know yet if that'll happen. I would probably suggest to close the leveraged position (and take profit in USD), but (if you have the time) get back into it once the breakout is confirmed. That would for example be breaking the daily SMA200 conclusively, and almost certainly breaking the previous 680 top. In that case, there'd be almost certainly enough upwards momentum to warrant a leveraged long position, even if you're comparably risk averse. I am however assuming you're not leveraged beyond factor 2 or 3, right? Don't know what btc.sx offers... |
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Parazyd
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June 30, 2014, 10:29:28 AM |
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Now we're talking. So turns out they were manipulating the price because of the auction... Not a surprise  To Da Moon, Moon Moon! |
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ChrisML
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June 30, 2014, 10:56:39 AM |
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So, it was manipulated. Who would have thought  What are the changes now of returning into a real bullmarket... and cross that $700? |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 30, 2014, 11:00:39 AM |
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iram3130
Legendary
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Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
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June 30, 2014, 11:04:37 AM |
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So, it was manipulated. Who would have thought What are the changes now of returning into a real bullmarket... and cross that $700? lol, who did not, every market manipulated by some group so its normal. |
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