podyx
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Activity: 2338
Merit: 1035
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March 13, 2014, 01:33:50 PM |
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I've actually ended up using litecoin almost exclusively in my trading against other alt coins. I started off with btc/usd only, then started trading btc/ltc, then ltc/nxt and back, and then to mintcoin/btc but recently I've found better opportunity in mnt/ltc and been able to increase my stake nicely.
I like litecoin. I'm finding I don't mind using several coins. I just wish there was more stuff I could spend them on. There's someone developing a service that's supposed enable spending of several cryptos on Amazon. If that comes through I think it will really enhance the perception of utility and value of cryptos in general.
bath salts and rigged dice games aren't cutting it aye? =O You have the same kind of opinion about altcoins that a fiat user has about btc. (ie you must be one drugs) lol However, you've been smoking bath salts if you think wasting energy to secure the blockchain fits the criteria for mass adoption. Cryptocurrency is here to stay. That particular feature of cryptocurrency isn't. Where does that leave btc? It is absolutely retarded to propose that btc is any different than any other alternative currency. It's actually weaker position to take than almost any good PoS coin is because of this design flaw. u do realize this doesn't matter right?? i can start printing dollars with easier readable numbers, call them "us dollar 2.0 the improved version" they obviously aint gonna be worth shit people will not choose the coin that is better. people will choose the coin that they THINK is better overexaggerated of course but still stands
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mgburks77
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March 13, 2014, 02:46:47 PM |
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I've actually ended up using litecoin almost exclusively in my trading against other alt coins. I started off with btc/usd only, then started trading btc/ltc, then ltc/nxt and back, and then to mintcoin/btc but recently I've found better opportunity in mnt/ltc and been able to increase my stake nicely.
I like litecoin. I'm finding I don't mind using several coins. I just wish there was more stuff I could spend them on. There's someone developing a service that's supposed enable spending of several cryptos on Amazon. If that comes through I think it will really enhance the perception of utility and value of cryptos in general.
bath salts and rigged dice games aren't cutting it aye? =O You have the same kind of opinion about altcoins that a fiat user has about btc. (ie you must be one drugs) lol However, you've been smoking bath salts if you think wasting energy to secure the blockchain fits the criteria for mass adoption. Cryptocurrency is here to stay. That particular feature of cryptocurrency isn't. Where does that leave btc? It is absolutely retarded to propose that btc is any different than any other alternative currency. It's actually weaker position to take than almost any good PoS coin is because of this design flaw. u do realize this doesn't matter right?? i can start printing dollars with easier readable numbers, call them "us dollar 2.0 the improved version" they obviously aint gonna be worth shit people will not choose the coin that is better. people will choose the coin that they THINK is better overexaggerated of course but still stands your observations seem to support my point and dispel your own
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MAbtc
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March 13, 2014, 08:16:26 PM |
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Hmmm. Closing most of my long now while we're in the 640s, will see if we can push to 650s again, otherwise I'll let the rest stop out. A lot of choppiness here. This still could have been a 3-swing corrective up before sliding back down a little ways....
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creekbore
Full Member
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Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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March 14, 2014, 01:38:58 AM |
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BitStamp bid/askWhole bid volume ----------- Ratio ----------- Whole ask volume15,488,716.08 USD -----------1 : 1.12 -------- 17,316,498.62 USD 117,841.88 BTC ------------1 : 0.16 as BTC -----18,270.00 BTC We've added a million to the bid sum in the last 24hours.
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"Markets always move in the direction to hurt the most investors." AnonyMint "Market depth is meaningless" AdamstgBit
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BitChick
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Activity: 1148
Merit: 1001
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March 14, 2014, 02:40:50 AM |
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BitStamp bid/askWhole bid volume ----------- Ratio ----------- Whole ask volume15,488,716.08 USD -----------1 : 1.12 -------- 17,316,498.62 USD 117,841.88 BTC ------------1 : 0.16 as BTC -----18,270.00 BTC We've added a million to the bid sum in the last 24hours.
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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dreamspark
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March 14, 2014, 10:15:34 AM |
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BitStamp bid/askWhole bid volume ----------- Ratio ----------- Whole ask volume15,488,716.08 USD -----------1 : 1.12 -------- 17,316,498.62 USD 117,841.88 BTC ------------1 : 0.16 as BTC -----18,270.00 BTC We've added a million to the bid sum in the last 24hours. Yeah and about a week ago there was close to $20 million on the bid side, whole bid and ask depth is not a good indicator.
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chessnut
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Activity: 924
Merit: 1001
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March 14, 2014, 10:32:30 AM |
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Bitstamp and Huobi have clearly terminated a three wave a,b,c upwards, and BTCe is breaking down out of an a,b,c wedge. no sign of bulls, Imma cash out a bit for good luck. Wave C should take us down to 560 maybe less in the coming days, hopefully, though I wish the holders best of luck and peace of mind
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creekbore
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Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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March 14, 2014, 01:38:22 PM |
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BitStamp bid/askWhole bid volume ----------- Ratio ----------- Whole ask volume15,488,716.08 USD -----------1 : 1.12 -------- 17,316,498.62 USD 117,841.88 BTC ------------1 : 0.16 as BTC -----18,270.00 BTC We've added a million to the bid sum in the last 24hours. Yeah and about a week ago there was close to $20 million on the bid side, whole bid and ask depth is not a good indicator. Perhaps not as individual points of reference but as a pair or ratio I think they give a pretty rough guide to the vitality of a market.
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"Markets always move in the direction to hurt the most investors." AnonyMint "Market depth is meaningless" AdamstgBit
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MAbtc
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March 14, 2014, 07:49:47 PM |
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IMO, something like this still possible-- Bounces aside, I'm looking for a downside target that overshoots the 50% retracement (710->400). Hopefully find entry near 539-557. This would keep us outside of February's down channel. But if it does play out anything like this, it means we aren't out of the woods yet, and a strong snap back from the 610 level (or below) could indicate a return to sub-500s.
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chessnut
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Activity: 924
Merit: 1001
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March 14, 2014, 08:44:50 PM |
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IMO, something like this still possible-- Bounces aside, I'm looking for a downside target that overshoots the 50% retracement (710->400). Hopefully find entry near 539-557. This would keep us outside of February's down channel. But if it does play out anything like this, it means we aren't out of the woods yet, and a strong snap back from the 610 level (or below) could indicate a return to sub-500s. MAbtc, always I like your charts...
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hdbuck
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Activity: 1260
Merit: 1002
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March 14, 2014, 09:29:23 PM |
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soo back to bearish short term?
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TERA
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March 14, 2014, 10:00:55 PM |
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Is it worth the risk of holding fiat on exchanges for an entire month or two to possibly increase coins by 5-30%?
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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March 14, 2014, 10:12:13 PM |
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Is it worth the risk of holding fiat on exchanges for an entire month or two to possibly increase coins by 5-30%?
Depends on the exchange. BTC-E? No way. Lowest risk is probably coinbase.com (not an exchange per se but usable as one for slow swing trades) or kraken.com. BFX is an interesting case, because you can use much fewer coins to achieve the same results, so you basically halve your risk. I don't think its any more risky than bitstamp after the halving, and bitstamp is usually considered the standard these days. Especially true if you have enough coins so that suing for recourse in Hong Kong is actually a viable option. It's a pretty decent venue for lawsuits, being mostly English law still.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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TERA
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March 14, 2014, 10:13:54 PM |
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I noticed that bitfinex was the one exchange that didn't participate in that 'joint statement of bitcoin exchanges after mtgox'
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creekbore
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Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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March 15, 2014, 04:20:51 AM |
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BitStamp bid/askWhole bid volume ----------- Ratio ----------- Whole ask volume13,066,973.06 USD -----------1 : 1.39 -------- 18,140,896.99 USD 114,048.93 BTC ------------1 : 0.17 as BTC -----19,282.22 BTC As someone pointed out: last week the bid sum stood at 20M...
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"Markets always move in the direction to hurt the most investors." AnonyMint "Market depth is meaningless" AdamstgBit
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Blue
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March 15, 2014, 02:38:19 PM Last edit: March 16, 2014, 06:35:24 AM by Blue |
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how come the first graph already shows data from March 2015 edit: sorry oyvind - your Mar 15 is 15.Mar, got it now.
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cAPSLOCK
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Activity: 3752
Merit: 5142
Whimsical Pants
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March 15, 2014, 05:08:17 PM |
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how come the first graph already shows data from March 2015 7d as in LAST SEVEN DAYS shows data for March 9th, 2014 to March 15th, 2014 right now. Are you even trying? Do you even lift? You may want to consider alternatives to investing in anything yourself.. such as perhaps giving power of attorney to someone else. Your waifu, perhaps? Lol at use of waifu. Thing is he was right. Your chart goes to march 2015. Its a "taipofu".
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chessnut
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Activity: 924
Merit: 1001
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March 15, 2014, 07:38:57 PM |
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got out of my shorts this morning at 627. the support has lasted too long.... and now the bulls are testing.
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MAbtc
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March 15, 2014, 08:24:03 PM |
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got out of my shorts this morning at 627. the support has lasted too long.... and now the bulls are testing.
I still have a small portion of my long open from 3/10 that didn't stop out. I'm trying to close it in the 650s if I can. The last breach of 660 looked primed for takeoff; it was a false breakout and we declined. This will be the third attempt at cracking this resistance if we can get there. There were some short term bullish divergences after we broke down through 630, but I see a lot of resistance here, and won't be chasing price. BFX longs are also at > 3:1 to shorts currently (based on price of 640), with ~ 16 million USD swapped, which is always good to keep in mind if we fail to breach this upside resistance. I am thinking mid-term (1-2 months) bullish but I think we see some downside movement first. This move from 400 has not been characteristic of an impulsive one that would indicate to me the start of a new up trend. But the February down trend was much more predictable, so while I was fully leveraged short on several occasions then, I will not be now. Light and tight -- if at all. We are near the end of this bear market I think, but with sentiment so uber bullish (I don't know what rpietila was talking about with that one) despite a very congested and stagnated move upwards, I don't think we have seen the end of it.
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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March 15, 2014, 09:50:25 PM |
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Attempting to break 1 month resistance downtrendtrend now. All-time resistance downtrend would break if it continued through 662. The upper limit of the current uptrending channel would be breached at roughly 684.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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