LOL




Yea, bad hair day for sure.

I already sold. My loss is at ~ 186 USD total since I started in Bitcoin.

But i'm just a poor unemployed college grad with zero money so that is allot for me.

Then again I only put in my spare money.

Why?

...

What can I say? I hate banks.

Wanted a Bitcoin debit card instead of a bank account.

I got it but the exchange rate when u charge it sucks.


...

I kinda leap before I think allot. But then I also think too much. So i'm fucked both ways.

I actually like the volatility of Bitcoin, gives me something to do more entertaining than video games.

Learn something new. Waste money on bitcoin or video games?

Money comes and goes.

...

I think i'll wait for this slope to bottom out.

I think it should go lower yet, just bottom it out, it's the end of the world.

I've had a lousy day anyway so Bitcoin is just modeling that... nice to have some miserable company. heheh.

Huh? I talk too much?

So what do you all think the bottom is gonna be?

It broke 220 so it's now made 210 - 219.99 liquid.

that's my technical analysis.  

wonder what the next Fibonacci number is?

Honestly I expected more of a rise than this after that slump from the blood moon.

But what is breaking a level is it just one tick below a limit, or does it require an extended period of time?

I'd say a level isn't broken really until it's a 3 hour period of time.

3 seems like a good number. So i'd say 220 is almost broke not completely broke.

I agree with you. Good point. I think the bears won this round. And there won't be much happening for a while. I think the shock still hasn't set in yet for any kind of new movement for a while.

So at what price would you all buy in now? Just curious? Current price? Or a scalp off the steady tag?

that sounds right to me also.
 
dam.

Why does that sound right?

Monday is moon day, could be emotional?

Maybe waiting a bit for this to settle is the smartest move... but then again... buying low the trick.

Well the day is just getting started in the Western Hemisphere, so it's possible the bears are not finished yet. We got another 12 hours to go.

I used to be anti-bear. That is never sell lower than u buy at.

But not only do you buy low and sell high. But also sell high and buy low.
So the order of those operations are reversable. U get more bitcoin for your money. So if it goes up a dollar. Your multiplicity is bigger.

So its really no problem to have bears as long as u play along.

Well I woke up this morning and saw it's back up at 219.

Guess I should have bought before I went to bed...

What do ya'll think?  I sold at 221.

crazy poll says: 50/50 split over a price expectation above 300 and below 180... I guess people expect some fireworks.

I need to spend some coin so I'm gonna buy in at a haggle on the current price at 218.5

the rest of my funds I'd like to see a bit of a bigger discount. I'll go for 215.

Never know what will happen. 

huh? Oh you mean don't make big investments now?

Yea it's disposable cash I think. A little past disposable actually. But I'll live.

I'm still waiting for my cheap bitcoins.

I'm not interested in loosing more money. I sold at 221.

If I don't get them... maybe i'll just stop trading...
it wasn't ever my plan anyway, I just wanted a alternative debit card.
Saw the trading interface, thought i'd try it out...

I dunno at least 1/2 the language ya'll are using.

Lost 180$ so far. I doubt i'll get it back.

Most of my BTC was over 245$

So if it doesn't go back down I guess the market doesn't want my trading.

Too bad, cuz I just ordered a trezor.

now i'm thinking maybe bitcoin should be regulated a bit. heh.. =/

that BTC-E exchange totally sucks, I cannot deal with that kind of BS.

Yea thanks. I still think Bitcoin is a good investment, that is accepting and buying.

Holding on the other hand and trading, I'm not ready for quite yet.

It's entertaining to watch the price and try to make a few bucks of a daily basis.
I made about 25 dollars after the first month, but now that is all gone (was gonna cash out at 100) and was mostly due to a guy buying my over priced Bitcoin by mistake.

Again. If I get back in i'd probably buy at 215. But just measuring my luck recently, it's a long shot in my own personal life.
Looking at the chances though objectively, it could easily drop 15 bucks if not more.

I do have a pretty strong stomach, but my pockets aren't so deep and my experience is  limited.
I thought i'd try riding the wave so I sold at 221, and thats just about where that wave ended. =/

I've been watching it since last November or so, and I've never seen the drama that has been taking place this last month.

Well no thats not true there was that drop to 156$ around December.

Well it's been educational. 180 dollars I think hasn't been wasted. I've learned a few things, & maybe i'll get it back some day.

I'll still be using my debit card, but i'll just buy coin and send it to the card as I need it.

I just wanted to see if I could cover the cost of conversion with a few trades.

Actually you must of missed it. BTC-e went all the way up to about 260 (by itself) and was fluctuating up and down 10 dollars in about 2 seconds. So if you could have gotten orders in between those waves.. you'd be plenty profitable in a very short time.

It was pretty outrageous.

I think the market is tangled up in knots. The only thing to get it moving again is to restart the thing. It is down from 330 6 months ago and 260 1 month ago. Nothing looks good right now. U gotta give people an incentive to get back in. A repeat of the crash would help. Bulls need to take a break.

220 does not inspire the noobs. Only the professionals who sold at 250 can get in this market.

I gave up on cheap bitcoins. Accept the loss and jump in. I tried to get in in the midst of that 8 dollar burst yesterday, but my login time was too slow ... lol.

HAHa. I was in my car stuck in traffic driving to the gym. And my iPhone does the OTP, and it kept on reloading the login page over and over and over, cuz it's got no memory, and every time I switched to the authenticator it just would take 30 seconds to reload the damn login page on my phone, by that time the OTP was expired...

It was very annoying.

Also trying to drive on the highway at the same time while stuck in traffic.

It was exciting.

No actually I'm complaining about my iPhone. It seems like it runs on a 386 32 bit processor sometimes. Every time you "multitask" and switch to another app the phone has to reload everything in a web browser. 

It's a 4gs, it should be better than that.

I guess so. Still i'm not selling. And maybe 230 is gone forever, but I put my money in bitcoin so I could use it. If I sell... I can't use it.

So... whats the point? Someone obviously wants me to loose money and is working hard to drive that price to zero. Why should I care? I'll just buy cheaper coins, and keep the expensive ones for later.

It's not meant to.

These dumps aren't meant to help either.

Call me a conspiracy theorist... I don't think the establishment likes Bitcoin.

If you noticed today there was a price increase to 232 then the whale dumped his load.
That was intentional. They wanted to kill the bullish recovery. The war continues.


Call me crazy I think now would be a good time to buy.

wow so cheap.... when to buy?

So I guess someone is cashing out on their bitcoin money laundering operation.

And they time it to match some kind of news event so it'll look legit.

I've been quite amazed by the butter finger behavior with the btc...

It didn't hold late last week at 240 and move up from there, and since then it's just been a cynical sell off...

I dunno what compels people to buy or sell...

248 2 weeks ago... then drop down again and then back up to hit 241... and then melt down into the 30s then finally whales dropping 222.

It just looks orchestrated and artificial... all of it.

It doesn't seem to take much to move people in a direction.  I dunno how price manipulation would work exactly, but it does seem manipulated.

I would but it just doesn't occur to me... i've never been a follower. Hence bitcoin. I shouldn't even bother trading frankly...

I just got into it for the debit card to buy shit on the internet... Now i've lost 250$ I should probably forget it and quit.

Interesting... I was about to go to cold storage with my coins...

I don't actually "trade" I buy and sell on the exchange market. I have no idea how to do a call or put option, but... that would be nice to make money on a downward market. I don't want leverage, and I don't have a clue what bitfinex's margin options are about.

I thought i'd try day trading, but at this point I just don't have time to day trade. And i'm just too lazy. I do more of a bi monthly trade.

Bulls pushing...

Bears hanging on...


... almost a dollar rise in a 5 min time... that counts.. =/

I expect it to drop in the next couple weeks actually...

But who knows these days... I was expecting it to go to 250 by now...

I really don't want to sell in the 220s again... =/

I decided to sit out on this wave... Could have bought some cheap coins today. But you gotta draw the line somewhere or someone else will draw it for you. This is interesting to watch though.

yea... big surprise there.

I suspect it will take quite some time to recover from this. I know i'll loose more money but I just hope I will not need it long enough that I can maybe break even some day.


....


probably not though.

isn't nearly as boring as it was couple weeks ago when it sat at 241 for about a year.

I think I can make the price drop again if I put the rest of my money in bitcoin... Maybe if I buy now it'll go down to 150$?

Or maybe if I sell it will push up to 275? ... hah

Comon bulls you can't let those bears get away with that.

FIIIIIIGHTTT!  =D

why are the next 24 hours critical? We already broke 226 today. And would you recommend I go out and trade in my hard earned fiat for bitcoin right now?

Rofl. He meant the OTHER 45 minutes.

That seems a good point. I think if it gets forked, and people have to choose a winner. It will loose trust and value, because now that can be attempted again and you may pick the wrong blockchain, and that could leave you vulnerable. Sounds like a great way to bet people to sell bitcoin though. I'd probably not want to hold during a fork.

Wow... Bitstamp dropping to 219 and Bitfinex going to 224....


I'm kinda wondering how much lower it can go also... it did drop below 200 this year... but why would this happen again?

Just because they are talking about blocksize and forks? They've always been talking about that. ... BTW who is talking and where?

And why should anyone care?

I generally agree it should go down, but then again my last expectation was for it to hit 250... and I was wrong. So... Then again if OKcoin and Bitfinex didn't have their issues as well as Ross's life sentence it probably would have broken 250.

Millennials don't make money yet.

day trading is fucking boring..... how do people make money doing this shit?

It's super boring and tedious way to make a buck. As soon as you sell you want it to go down, as soon as you buy u want it to go up... it's insanity. It's also really annoying because as soon as I sell the goddamn thing goes up and as soon as I buy the goddamn thing goes down.

Awww where did it go? That was funny! Did moderators take down the South Park post alluding to the cointelegraph article?
Comon guys... so sensitive...   

possible trend reversal this weekend?

Upward?

It hasn't gone down or up... It's stalemate.

The fork talk isn't over but that isn't happening any time soon.

Price has gotta go somewhere. What reason for it to go down after this brief recess?

I just sold so I assume that means it will go up now.

So... everyone still betting on another crash?

Why? If it it going to go below 220 why hasn't it gone there yet?

How long will these 220s last? Any insights?

Looks like it's stuck between 226 and 222.

Cool lets do it... anything is better than this dull drone. I think the rut is below 226.5 or so though.

It just bumped to 225.5 2 min ago. (bitfinex)

Hey if you leveraged a long at 223 10000000000000000000x you'd be rich! xD!

Ahem... I think...

I think there is something a company could do to incentivize bitcoin more. Yes bitcoin is a financial loss at this point. I got into it to avoid reporting my earnings to the IRS while i'm living abroad. I got a bitcoin rechargeable debit card. I pay the extra price for the benifit of having the money not under immediate surveillance by the IRS. Yes there is a possibility they could find my information because the company required I give them my government ID and they may have reported it to a third party i'm not sure. But things like this will make bitcoin valuable. You don't have to be a pedophile or a murderer to see purpose in bitcoin. And it is a do it yourself solution to banking. The only one out there. So it's somewhat worth the risk.

Bitcoin won't be able to compete with the US Dollar or Credit networks i'm pretty sure. It will however endure as a method of payment for people who wish to go around those systems.

And I still think there is some innovation that could incentivize bitcoin further. It's just at this point most of the money is outside of bitcoin, so most people are paying for it to fail rather than succeed. Naturally I think bitcoin would be doing allot better had not so many interests be invested in destroying it.

Also some people are just natural risk takers. And will do unusual things against the better advice of society. Sometimes these people change history for the better.

hm... holding now at 227.4 it seems. (bitfinex)

You're gonna hit another ceiling near the last number in any 10 number set. 229 is when people will generally sell... so that is what happened. It's a good move actually. I missed it though.

I think the kind of bullishness we need is about a 3 week period of bullishness to really turn things around in the market. If we get 3 weeks in on the bears, anything after that is possible. As of now it's mostly bearish for 2 to 3 weeks and then bullish for a week or less. It's not about any particular number. It's about periods of time that average up or average down. Bulls are still too weak now, we are in a rut. To but the bears in that rut we need 3 weeks of prices going up at any rate. It doesn't have to break any particular number just has to prevent decrease.

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/06/08/bitcoin-isnt-the-future-of-money-its-either-a-ponzi-scheme-or-a-pyramid-scheme/

Awww. He kinda fizzled out at the end there. I encourage not jumping to conclusions to attract readers. He had an open mind there for a second but then. SLAM. gone. :\ . Tech stock is a good term, but it's not a stock it's more of a money. Cutting out the middleman is a great libertarian ideal, we can all be the middle man now. Isn't that more interesting? Novelty has value. Bitcoin is a novelty of novelties.

229.68 bitfinex

Holding on for now.

Lets break 230.5 today.

If you are talking about the decline from 1200 USD. Then I think that is a bit simple minded. Great things start with a BANG!, and then settle down afterwards. While you suggest perhaps the big boom and subsequent decline after as a sign of failure, i'd suggest the opposite. It's not a bubble. If it had never boomed to 1200, then it would be more a failure.

Take the universe for example. The big bang.

When babies are born they come out yelling at the top of their lungs.

That is a good thing.

That is totally possible. I agree. But It's also possible it won't.
It could go up again to 1200. But if it is going to go up again, why would it wait until 70 - 100?
There is no reason.

I thought your point was bitcoin is dead.

70-100 is possible but do you really thing all else beyond that is a bubble?

It's not. We already hit 232.01 on bitfinex.

What is with all those spikey high frequency price movements? Is that some kind of bear bot trying to hammer the price down?

It goes up and down like a sewing machine.

Wow. Crazy.

Mirror mirror on the wall... who's the fairest of them all?

 

Why would bitcoin be mirroring the price of USD? Seems like it should oppose it not mirror it.

OK what now?

price drop?

I don't get it...

http://bitcointicker.co

Looking at the ask and the bid price you see a spread, but then you see trades going on and people getting BTC for below the ask price. Is the ask price approximate?

Also why is Bitfinex 12 and 24 hour graphs not working on that site =/

Hm.... I had it good but then ... trying to trade on my smart phone ... fucked it up.

Bitfinex thought I was buying at market. I was telling it to buy at stop. ><

Then it thought I sold it. I was telling it to sell at stop.

God dammit.

Big sell walls but no buy walls.

Actually in all honesty I was using the website through the smartphone. I wasn't using the app. Also I was pissed off and nervous... may have had something to do with it. The universe hates you if you are pissed off and nervous... so shit happens always at those times.

But I noticed in the app all they seem to allow is limit / market buy and sell? WHY the fuck isn't there the other type orders on there?

I'd not bother risking API getting stolen unless there is a incentive.

So what is a reasonable resistance level?

1500 coins? Anything before that seems a little flimsy to me.

notice 229 sell orders on bitfinex... goes from 76 to 1700 coins.

THAT is resistance. Nothing comparable on the buy side right now.

What is the ceiling at? 232? some say 231.5...

Hey what is going on with this site? It's not showing the correct prices.

http://bitcointicker.co

For Bitfinex:

Look at the 7 day graph the graph shows it at below 225 now.
Look at the 30 day graph and it shows it at 225 now.

the 12 hour the 3 hour and the 24 hour graphs don't even work.

Is there another site that is as good?  This one is broken.

That is probably a good thing and spells doom for the bears. What we need is long term investment. Nobody does that except those who invested at 3 dollars. If we can get more long term investment, bitcoin will live. But too many people think it's going down to 70 or lower. If this is the low price then it's very good news. Although at the beginning of the year we had 158 .

Who cares about the end of the month? We may all be dead by then.

What is happening now? Where is it going now?

But how do you figure it's going to sub 200 by the end of the month?

3 days no change... price has to drop imho. Thats what it usually does.

almost broke 232 last night... but not quite...

No big deal though. =)

Uncanny price fluctuations... I sold last night before bed. Then about what.. 15 minutes later it goes up after a 1 week flatline?

Makes you superstitious!

What's with the Ron Paul theme?

1500 coin sell on bitstamp hm... Yea that could be a ghost. But someone has 1500 coins.

Amazing the price has gotten so volatile recently.

We were almost to 236 now we're under 234.

All that calm is gone. What happened?!?

231 less than 24 hours ago. Then up to 235.5 then down again to 233.2 ?

 

Not quite understanding the behavior of some buyers. Dipping down almost into 232 again? Miners doing this? The Monday blues in Asia? Or more talk of forking? The latter is the likely candidate...

I wish they'd just fork and get it over with.

Looks like that 1500 coin wall on Bitstamp is fake. It's moving back.

And there it goes again! Spooky!

Haha.

Looks like maybe the owner is trying to hide it now. People saw through it.

Now it's a 600 coin wall with a 200 above it... guess the other pieces are hiding elsewhere.

Bitstamp may be the exchange for the natural dumbass...

Some guy is buying and selling .021 BTC over and over and playing with the price, making it go up 15 ˘ and then down 15 ˘.

I think exchanges should charge extra for high frequency trading like that, it's just noise.

Odd Bitfinex went down about a dollar and Bitstamp stayed the same...

? arbitrages?

OK so I just witnessed sell orders go to 237.3 and take 50 BTC out of a huge sell order.  But someone decided to deceive people and sold little bits down to 236.5. That made people think the price was now lower, because the guy sold for a lower price than was real. This happened 2 or 3 times just now. And it made the bull run pause every time. Finally looks like the bulls took the bait and now we sit below 237. But it's a fake price. Bears are just selling their bits for lower prices to make it look like the price is going down on the ticker. So the people looking at the ticker are fooled.

There is a bit of a wall at 237.3 - 237.5

Can the bulls do the same trick? Buy at a bit higher than the ticker price? To make people think the price is going up?

Looks new to me. Wonder what that is about... I think there are tricksters on both sides working to keep the price down. But I'm not sure how that staggered buy wall helps them.

Put a trailing stop on man. No more worries!

Dogecoin... I just can't buy a coin called dogecoin.

I like LTC though.

& we were in route for 250, but we are not up right now. We are down 2 dollars or so.

Wow litecoin is up 10% + today... makes bitcoin look like chump change.

I dunno why people say this of penny stocks. It moves up an iota and it makes a big difference. I suppose it's easy to loose also though. But just put a stop loss on it. No big deal.

It's that 600 coin wall on 231.99 and 232.

maybe not real but... maybe it is.

damn what happened to that guy lol?

LTC at 20% profit today? I wish I had some LTC...

Market is abiguous now. Quite volitile. I rode up from 232 and sold at 251 but then lost on a couple trades as we went down.

heading that way now.... has a 500 coin wall to break though right at 255

but lookout for that cheap bit dust!

So it seems LTC is going up with BTC...

Other than the fact that they are both cryptocurrencies and LTC is used to arbitrage.
I don't see why they are doing the same thing.

Anyone know?

256

1000 coin wall on bitfinex just got removed...

I guess i'm back in the game...

someone trying to push that price back down.

u see them sell these little bits of .001 for 50 ˘ off trying to make the ticker price flash lower, then they put up a wall.

This is a different market from the one coming out of 230s. Quite volitile. Can't be too tight with those stop losses. 

hm... the weekend is approaching. I think i'll go long a bit longer. No more stop losses for me. Volatility is very high. 9 - 10 dollars in one day price movements. This is a different market than it used to be. New money has come in.

Quite the volatility eh?

There was defiantly a bull trap up there in the 250s ... They had a price wall up, and they took it down... that made me think there was buying action going on... actually they just moved the wall up so that fooled me. =/ All my profit from 232 is now gone. Now i'm loosing money again.

So what do y'all reccomend? Id break even at 250 or so. Should I hold or sell? Chinese Holiday coming this weekend. (I was a little stupid at the top of the wave, should not of tried to get back in after I made my 85$)

How do y'all see this kind of info? Some special trading app?

You think Mt. Gox is solely responsible for the ~ 1200$ price tag? That's interesting. Has anyone explained how? If so then Bitcoin's collapse is also due to Mt. Gox as well as bears and the bear market.

What is Willey bot? Something Mt. Gox used to inflate the price?

http://www.coindesk.com/bot-named-willy-did-mt-goxs-automated-trading-pump-bitcoin-price/

Hm... ok I don't see how that even incriminates them. I'd suspect people are running trading bots all over the place.

Well I invested 1500$ in Bitcoin since last March or so. Now i'm nearing 1000$. I've not made a penny.
I think i'm ready to quit trading. I'll never get that money back. I dunno how one could loose so much so fast, even if one is totally inexperienced, it seems one would make money at least 50% of the time. But i've made money something like 2% of the time. I just don't have the patience for this.

Yea I bought yesterday at 244.7 after figuring I should quit since buying it at 256. Now it's at 242.~ 

it's not me expecting good luck it's me just expecting something OTHER than bad luck. Too much to expect!

http://www.infowars.com/total-emergency-alert-elite-now-evacuating/

This may explain the recent sky rocket in price, and may suggest a further price increase in due time.
Economic instability is good for Bitcoin.

Looks like they want cheaper prices. 100+ coin sell orders are unrelenting...

1000 coins just to get to 244? (bitfinex)

Bears are on parade.

WHOOO slow down buddy we're at 243.5!!!

WOW!

If it's gonna crash...

 please crash hard....

very hard...

and get it over with already.


...
(unbelievable these fuckers and their price walls

...Do bulls actually buy coins or is it only bears that trade BTC?

It's a pretty lousy negotiation tactic folks, to put up a 50,000 $ sale of coins 50˘ higher than the ticker price. )

fucking pissing me off.

OK... I think I figured it out...

Those 237 coin price walls are in fact fake. That guy/girl has no intention of selling.
Because if they wanted to sell at 241.8 they could have done that 5 hours ago without any protest.
But 5 hours ago they wanted to sell at 50˘ higher than the ticker price. Thus the scam.

There it goes... ~286 bitcoin sale on bitfinex... goes up again... now disappears.

If those guys really wanted to sell them at that price the sale wouldn't be visible.

I'd prefer the price goes up while I have coins.

This decline I think it's it's all btc-e's fault. Everyone else was buying except BTC-e. Now it broke 240.

Wow borrowing to put up a sell wall. That's gotta be a new level of pathetic.

What is this Zen and the art of BTC?

How long are y'all gonna hold?

Will you still hold if it drops to 235?

Can y'all believe this shit?

https://www.youtube.com/watch?v=RJm3cRRvPoM

Guy is giving away a silver bar for 99˘ and the people on the street are utterly too dumb to buy it.

Gold coin for 25$:

https://www.youtube.com/watch?v=ndshbH3qZ6Y

I guess if your not an expert then why risk it. But, 99˘ though? Why not just take a small risk?

They are assuming the guy is a bad person, I think.

When in fact they are the bad ones.

Wtf? Why is your panda bear sitting in a lawn chair beneath my post? Lol.

BTC is ridiculously stable... Chinese and others should notice this... It's so stable it's becoming monotonous.  

I mean someone with my expertise in trading should have lost more than i've lost by now.... it's been in the 200s for like 7 months now?

I think we're gonna stall here again and repeat history... Nobody wants to loose money again. What comes next could be a 260 but that'd take a new event... this one is almost over.

Yet it doesn't look like a whole lot of resistance in the 250s yet except A ~1000 coin wall at 250.5

I'm surprised there was not a flurry of buys, this was a pretty steady increase. Recall this happened last time at 230s and then afterwards there was a flurry of buys up to 254 or so, from about 238.

I'm kinda still waiting for the big fireworks.

That's it for me... good luck to ya'll still holding.

http://www.telegraph.co.uk/finance/11704054/Greece-crisis-live-ECB-caps-funding-at-current-levels-will-banks-open-on-Monday.html

"Shortly before midnight on Friday night, Alexis Tsipras, the Greek prime minister, announced that he was going to hold a referendum giving the Greek people a say over the terms of a bailout deal proposed by the EU and IMF.
Eurozone leaders reacted with fury. They have vowed not to extent the country's bail-out deal after Tuesday, putting Greece on course of a debt default and disorderly exit from the euro."

Man the Eurozone sounds like a bunch of fascists, I'd say fuck em.

Pray to God, he will provide. Never sign a deal with the devil.

I think Greece can get the Eurozone to crawl between their legs. They have the political power to change everything.
Greece exiting the Eurozone would change the course of history, it would start a cascade reaction of secessions across the world, from nations to states to locale and individual. It would serve as an example. It's like that quote from Antz (something like): "if one gets it they all start getting it, and there goes our way of life, It's about keeping those ants in line".

It would start a second renaissance.

Greece is gonna hold a referendum on whether to stay or leave the EU... the people will probably vote to stay in. However The EU is threatening to kick them out of the EU before that process... (a clue to their evil intentions, and possible reverse psychology) But It's an empty threat, they'd be in worse shape for doing that, and look very bad.

But if the EU does kick them out, they would probably start black ops on the nation in order to destroy it and regain control by force, like they did in Ukraine.

These polls are terrible. First we are going to 300, then we're going sub 230...

I agree with that... I voted for 243... probably not too soon though.

AARRRRGGHHHRR!!!


I got back in Bitoin... impulsive buy. I should have stayed out... I wasn't ready for this. I was gonna wait till 257... but the walls went down and I saw price going up... so I figured I may as well do it early.

... Odd BTC-e is lower than Bitstamp and Bitfinex... the order got reversed.

Bitstamp is the European market. So that's interesting cuz of the whole EU situation.

Frankly guys i'm just really really skeptical that this Grexit will actually happen. The world isn't moving towards individuality and sovereignty... it's moving away from that very strongly.

The EU will do anything I think to keep Greece in the union.. this is all just the bluffing and posturing stage still.

Man I feel like a loser for not having LTC.. .

Wow... I got myself a lucky entry into the market today...

didn't even know it.


I'm still jealous of Litecoin though.... my god... 25% in one day... (again)  I need to start looking at Litecoin charts.

Damn this shit is volatile. New money new volatility.

Yea right you think the IMF doesn't have their own form of investment insurance?

... BTW... what's the price bounce today? 260? 261.5? Already?

yep... I figured that as well.

Gotta wait till Sunday that's when the referendum is done.

Also banks are closed right now in Greece? So Bitcoin will be hard to buy in Greece directly unless people are already using it.

I think banks in Greece reopen Thursday?

Whoah Nelly!  

This is the: "gimmie my money back" market.

What's the bounce? I'm in at 251. Maybe the volutility will cool down by then.

Or maybe ill be left in the dustbin of history.

This isn't over yet. Grexit hasn't even begun, they may in fact buy Bitcoin. We will have to wait and see.
Most of this movement is just it's anticipation. People get excited easily and loose confidence easily.
Greece's situation is very ambiguous and whether they will invest in Bitcoin even more uncertain.

Allot of support in the 240s though.

Reality happened.

I think people are remembering a different market and boisterously announcing its return in hopes they are right.  

For every action there is an equal and opposite reaction.

I'm kinda mystified about how an exchange works.

Am I always buy/selling to a peer?
Or does the exchange sell and buy directly to users also?

Does an exchange adjust its prices in consensus with other exchanges?
Or is it all independent marketing?

What do you expect the bottom to be? I expect 250... but it's taking forever and a day to get there...

we need that huge price wall at 250 to enter the game I think. Then dumb mother fuckers can buy again.

The longer it takes to get there... alas... the shorter the rebound. After that drop from 260 to 252 it went back up to 262 in 12 hours. The drama is what we need... Chinese people are dull.

oxi

Wow... 275.

Where is the Litecoin buy? 

Usually litecoin outperforms bitcoin.

Well there it goes a bit. 4.4 LTC.

I think 300 is very realistic.

People have to get grounded before another shot higher.

OXI was the result... I mean... maybe bitcoin will see it's former glory again.

Anyone selling now??? U gotta be crazy.

amazing anyone would sell right now.

I think this is just the beginning.

We're almost back at before the OXI with Bitcoin.

273 guys stop crying.

here we go again... hope we can break 275 and hold it this time.

BTC-e looks crazy again... i'd never trade on that exchange... 

Litecoin has a strong wall at 5 dollars + It's gonna take some force to break... traders seem trepidatious to push through it, but it can be done if slowly I think...

yep... 600 coins... now down to almost 300.... slowing things down overall.

Litecoin seems almost like a derivative of bitcoin. They seem to wait till bitcoin goes up then they all buy but it's not 1:1. It's the initiative that seems to coincide. So it found the force it needed and now 5$ is in the rear view mirror.

I doubt there would have been a significant pump had bitcoin not held 275.... which just appeared to have broken =/ again...

But you're right... the market is unpredictable... reading the analysis from outlets like NewsBTC or Cryptocoinnews 99% of the time is >50% wrong and these guys are professionals. So It's like a casino almost.

move on 280 in progress

big fat walls there though in 278s...

Lol infinite wall at 270 on BTC-e.

So new deal being negotiated on Tuesday between Greece and the ECB / EU

And if they DO reach an agreement... what should we do? Sell?  

Something has got to be done about BTC-e

precipitous dump

So if Greece makes a deal with the EU is that good or bad for bitcoin?

A meeting is supposed to take place today in Greece on that topic.

I guess it's somewhat irrelevant. It only matters if the Greeks want bitcoin.
But the Euro declining does help people buy bitcoin. And Greece exiting the EU would help the Euro decline.

What is this about China "out of the way"?

Could someone provide a link?

How the fuck do you keep the entire nation of China from buying Bitcoin?

Y'all spreading B.S.?

http://www.theguardian.com/world/live/2015/jul/07/greek-debt-crisis-alex-tsipras-seeks-last-chance-deal-live

I think the best case scenario for Bitcoin is Grexit and a Russian or Chinese Creditor for Greece.
That would bring down the Euro thus increasing the value of Bitcoin and altcoins.

Ah nice to see BTC-e and the other exchanges not so far from each other.

I think if BTC-e would join in the fun, y'all could break 280.

So are we waiting for Greece to exit the EU for a push past 280?

Seems we lost some steam.

Pump and dump. Where have all the warriors gone?

All we got is this hippie dippie pump and dump jizz?

Ok I say. If u wanna sell do it now. Cuz selling below 270 is just gay at this point.

HODL!

Edit: No more gay 69s.

What did he say? Is there any English translation?

Edit: BTC-e Is making a comeback. Can it overtake Bitstamp?

Lol.. You really look at it that way? From the outside it looks like a master / slave system.
I'd rather be free and poor than rich and enslaved. How can you enjoy life if you are constantly oppressed and in debt? They are perpetual debt slaves.

I distrust large systems of control like the EU. I do prefer order and in essence the idea isn't evil but I think the EU is run by evil banksters. This is the same money system that Bitcoin is the antidote against. I prefer no banks. Just have your own accounting system.

Looks like it...

Everyone jumped ship, I guess they got tired of the manipulation?

Maybe bitcoin will become the altcoin of litecoin...

...I can't believe what i'm seeing... I'm just too uncertain to hit that buy button.

Looks like a bubble to me though. Litecoin also crashes..

It's possible litecoin has become the steam-valve of frustrated bitcoin traders who are sick of the price suppression and pump and dumps. 

Can I talk about Litecoin here or will I get censored again?

Does anyone know if this coin is EVER coming down again?

How does a trader even gauge risk in this kind of situation?

  I just want to break even after my losses from bitcoin...

i'd be nice to actually make a buck trading.. never had that experience...

I've never seen money fly around like this. Kinda makes me sick actually.

What do you expect the price to be?

I recall it's price at 1.6 not 6 months ago.

But that was when Bitcoin was at 1200.

So about 14$ if it's a return to previous ratios?

Still I can't see myself getting in again until I see a significant decline.

I'd like to buy allot lower than this. I'd just like to have some sense of it having reached it's bottom before I go in.

The traders make money in both directions... it's odd to see this go up like this. Although I see it had a 59% increase this year as well in one day...

Haha... I'd never expect to trade that well. Did you get in at .0005 BTC?  

I was gonna do that but I am too poor. ... Too late now. =/

Good luck ... hope u get a new Fararri.

Hahah. Actuallly I don't care about making money I'd just like to not loose money.
I'm new at this and I lost 300+ USD to trading bitcoin when I started. (~ 6 months ago)
Made most of it back with LTC this week. But... still got about 80 bucks to go.

Bitcoin really looks like the shitcoin nowadays. I guess that was the intent of all this.

I just got into Bitcoin to avoid getting a bank account under FACTA IRS bullshit from the USA.  

Call me crazy I think this LTC rally is almost over.

I think it's a Daihatsu.  

Nah....

Tall green candles are followed by this pattern of small candles.

I'll wait. Besides... I made 40$ on this before the rally started yesterday.

So I count myself lucky.

Haha I ate my words.

Send me pics of the supercar.

So when does Litecoin go back up?

No?

Nah not gonna sell my LTC.

I actually did get out of LTC till about 7 something the bought again at 7.77 i think.

Then Bought at 5.517 with some reserves.

It was all good fun. Yall can keep the money. Ill keep the LTC.

Don't party too hard, may not be good for your health. And you might scratch that new supercar!

Seriously I know I'm trading with the devil here. Yall can gloat till hell freezes over. Hah.

And if maybe you're an honest good natured person and made some money... I'm happy for u.

Hah. I tried puting one on but it sold within 5 minutes. It was a .09 trailing stop.

Then I tried a .20 trailing stop. It sold within 3 minutes.

I figures I could not afford LTC without risking all of it.

So. Grexit. Is it gonna happen?

I'm rooting for it. We need a warrior people in the world.

Also. We would profit as crypto takes center stage.

I know people would eat shit for a while.
But you gotta loose before you win.

If you avoid pain. You become it's slave.

Actually it appeared people were highly anxious of leaving the Euro. They just rejected the terms an consitions f the bailout: more austerity. They expected a better deal than that. But the globalists have oter plans for Greece. They are playing for keeps. So. Grexit looks inevidtable. Most likely it won't end there. We'll have a instigated civil war and probably revolution in due time by the likes of George Soros and the CIA or something. Greece can't become an example to others to disobey the master.

You of course are right. But by center stage I mean more a crazy Rumors of cryptocurrency as an alternative. This gives it an actual position as a competitor rather than some odd outlier which seems to most unnessecary. People will become more hip to the idea of currencies playing a major role in their lives and way of life. It still edcapes most what is the need or reason for Bitcoin.

Bitfinex is showing positive percentages in 24h change.

But the price is not reflecting that increase.

I think something is off.

For example "Change 24h" showed  .5% increase when Bitcoin was at 279 and now it shows 1.5% at 277

Litcoin similarly showed a 6% increase at 3.87, and now at 3.84 it's showing a over 8% increase

What is going on here?

I'm not sure what you mean. But I do think the % change is delayed. So that's probably what it is.

looks like we're moving up again.  

very conservatively.

Wow. That's diabolical.

Guess u always should set a stop loss for margin trades.

I just think you should wire transfer fiat.
Then just let it sit there and next time u see one of those BTC-E bitcoin bargains. You buy them up and move them to a better exchange.

A trailing stop isn't as easily exploited I think? Aren't they are slower to readjust?

I had a stop at 250 or so a while back and a guy just sold .00001 BTC at a low price and triggered the order and meanwhile the BTC sold for highest bid which happened to be lower than the stop loss ~ 249 or so.

However if you set a really low trailing stop like one at ~ 10% loss I think you are covered.

You defiantly can't put them too close to your buying price. U can't put them too far either or else you will sell at the bottom of the wave.

And for situations like this:



Putting a very low one would be a disaster.

dead market... no buy and no sell 

I think I see something moving under the surface.

I'd prefer Rand Paul.

But Trump would trump Hillary or Bush any day of the week.

...

So we hitting 280 tonight?

How do y'all know these things?



Y'all like Neo or something?

Any advice on where / how to watch the market?

I read this today that's about it: http://www.newsbtc.com/2015/07/22/new-analysis-reveals-22-more-countries-in-debt-crisis/

Is this a return of the Litecoin Ponzi Scheme? My god... WTF.
Please explain. Why is Bitcoin going up, and why Litecoin?
Any ideas? Is it going over 5? 5.5? What about Bitcoin? 290? 300?

Yea? Why?   and When? What Day?

Obviously a bot buying that Litecoin. God... I never should have traded it.

I'm gonna get margin called and i'm holding all in Litecoin... from the last pump and dump.

Guess y'all are gonna break my soul. For my measly left over 500$

$285 today? 

Fierce battle.  



Hit the hyperdrive.

Yes I noticed that as well...

But it's not on the dot. It seems to me there are natural and unnatural forces. Moon waxing should be bullish, moon waning should be bearish. But they switch at times. Moon represents money, as the Moon is feminine and the feminine is the material world, which is exalted in wealth, and represented by money. So yea the moon is significant factor to take into account. Represents the unconscious forces and can impact people's buying or selling behavior.

Now is a waning moon so things should be going down. But there are reversals at times. And there are unnatural forces such as conspiracies and ponzi schemes to account for.

Anyone have any idea why Litecoin price is going up while Bitcoin price is going down?  

Is it the halving on November 20th?

What of 280? We going to break it today? I'd suspect a recall back to 275 or so in a week or less.

obviously... I guess someone has deep pockets and deep investment in this cryptocurrency... I suspect It will not reach the same potential as Bitcoin simply on the basis that it's not decentralized, we know who invented Litecoin, he is alive, and he isn't interested in cheap prices.

I think if Bitcoin goes down to 250-260 or so in the next few weeks it's gonna be tough for Litecoin because there will defiantly be a pump as the halving approaches: if only to promote the currency. http://www.litecoinblockhalf.com

But of course. Yet are we happy with only a 5 dollar coiling?

Why do you care? Why be always bullish or always bearish? Why not just sell when it goes down buy when it goes up.  

I like bitcoin too but I don't worship it. There are evil things about cryptocurrency as well!

How do you know that? Can you just look at charts and see this? Can anyone educate me? I'd like to know.
Or just post a link... I'd like to be able to make some kind of predictions, to see when trends change.

Why is it going up now? 

Well I've just noticed weekends usually don't change the trend, but instead amplify it.

OK... So sideways for the rest of the weekend then we move up or down?

I'm betting on down... then by next weekend the bulls may return...

Why? Because there is nothing in way of big news coming to rally the price. Greece crisis is mute, interest rates may go up, it's the end of summer, bitlicense was a failure, and we tried to hit 300 three times now and only made it past 1 time. Analysts have been predicting lower prices, as well as users. Litecoin on the other hand has a halving coming the 25th this month... which is gonna be interesting to see in a bear market.  

don't worry there is a massively inflated litecoin market you can short full tilt right now.

LMFAO

...

We hit bottom yet?
 I'm thinking it's possible...
It's close today or tomorrow i'd bet.

250s coming? 

Sideways or down... is my guess.  

Upside is gonna be in a little while longer... I think a buy now would require some Hodl. Yet I'd not wanna wait for the surge so a bid on the current price is my move... i'm ready for some hodl.

I knew this drop was coming and I think testing the bottom limit is too risky. I'd be very surprised to see 250 give way... we've already had three waves of decline. There isn't any significantly bad news to push it down much farther. This drop is simply do to the unfulfilled promises of the 300+ BTC.

I think people suggesting lower than 250 should have a very good reason.

I see sideways as the foreseeable future. Then back up.

Why compete with Gemini anyway? This I think is more the reason than anything else. Also New York traders taking over may be another concern. Besides they can still trade... they just have to remain anonymous and not do direct deposits.

Gerald Celente predicting a global stock market crash in 2015:

http://theeconomiccollapseblog.com/archives/gerald-celente-is-predicting-that-a-stock-market-crash-will-happen-by-the-end-of-2015

http://kingworldnews.com/gerald-celente-just-predicted-a-global-stock-market-crash-and-gave-the-exact-time-frame/

https://www.youtube.com/watch?v=_Ic1iD9SNog

Weeks till global stock market crash predicted. Apparently around August 25th.

We've all seen 260 before.

Gavin's XT isn't anything new...

People still expecting 255... but it hasn't happened yet.

If you want sub 260 coins go to BTC-e.

I think it's time for a bull run.

5k to 255 or 5k to 288? I vote up.

Bitcoin isn't gonna die just because Gavin Anderson wants to kill it for his own name.

OK finally...

Why did the market wait a whole week to dump 10K coins for 3 dollar discount?

 

Is this it? Or will we dump another 10k and get our $255 coin?

As I understand it the fork is a very slow process.

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?
The whole concept of a fork makes no sense to me.
But I do think people dost protest too much about it.
Exchanges may have to do all the sorting out of the account books, all the burden will actually rest on them.

I guess you could do a one time switch to XT if you desire.

... but then isn't Gavin trying to get people to change the blocksize on the regular bitcoin?

I actually think they should go ahead with the fork. And stop worrying about who is in control.

Looks like the bounce is activated. 

Well what's all the hubbub about then? Sounds like a smooth transition. Nobody will know the difference. I can't believe people are so stubborn. They are disagreeing for the sake of disagreeing. In fear of "centralization"?
It sounds like a very decentralized process. But majority does rule.
I'm pro-fork.

I don't think this is correct.

I'm glad we dropped below 260... now people will stop talking about it.

Up we go!

You're gonna hold out that long?

These are day traders... make a few bucks and short attention spans. I'd be doing that too but I see too much potential. I'd rather hold calm for a 200$ trade instead of bust a sweat for a 20$ trade. And miss out on the way up. But there is quite a bit of opportunity... for some reason people are still seeming indecisive...

Either that or the Bitcoins are just being spent in retail.

DAmn... just damn!




Even stranger is how it was only happening on one exchange: BTC-e the freak exchange of the internet.

Then when bitcoin dropped below 260... the stairway to heaven fell down.  

I dunno if that isn't manipulation I dunno what is.

Just because of the forking?  

This shit is so unpredictable... ah well looks like my money will be 100% gone soon.
Then i'll be done. haha. Good thing i'm not investing more...

I guess this was a Chinese insurrection move?

http://xtnodes.com/other_nodes_and_xt_nodes_pie_chart.php

11.5% of nodes are now XT.

Chinese didn't want the fork. So this is their way of protesting. Drama queens. Bitcoin needs that fork.

Ah well can't blame people for wanting to get rich on a short margin. They saw an opportunity... I'll have to ask, since the fork won't happen until January... will they continue to dump until then?  

Hm... you appear to be correct... I had a stop loss at 3.67 for Litecoin on Bitfinex, and it sold me at 3.5. But when I look back at the trading... there were buyers in the 3.60 range at least at the 1 minute resolution. So I'm inclined to think something is amiss... just emailed them about this.

I hate to say it but I'm beginning to think bitcoin is dumb. I'm inclined to agree with Edward Snowden. Obviously it's flawed. The concept is good, but this kind of price movement isn't so good for Bitcoin. I'm afraid the only people who actually profit from this game are scumbags. Amirite? Most of the miners are where again? And who keeps ripping off the USA's patents?

They are thinking yes. I'm thinking no... same as I was thinking yesterday. 

Buying again?

Yea... lol.. try 1000$ in a few minutes. or about 75% of your investment. At that point money was no object, just kindling for passion and Christ like martyrdom.

I usually do that... actually bitfinex sold my shit 5% cheaper than where I told it to. I was asleep so couldn't buy back lower than I sold at. But I think it would have either been my stop loss or a margin call. I picked a stop loss but it acted like a margin call...

Sounds like there was some lag in the system... that would explain why I sold 5-7% cheaper than my stop loss even though there was a market for it... wonder if i'll get a refund?  

I should have lost only 100$ but for some reason I lost 250$ Bitfinex.

Price crashing again...

I have two targets one is 0$ and the other is $1412 ... now I sit at ~400$... which do you think i'll hit first? 

No there is no need for any of it. It's beyond my understanding. But analysts did predict this.

http://www.newsbtc.com/2015/08/17/bitcoin-price-technical-analysis-for-1782015-can-bitcoin-survive-this/

http://www.newsbtc.com/2015/08/18/bitcoin-price-technical-analysis-for-1882015-the-pressure-is-simply-too-much/

I just figured he was wrong.

https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash

Ya know it really sounds like this guy at Bitfinex is answering to these dudes at the whale club. Almost as if it was promised to them that they would get sub 200 coins.

WTF?

Whale club says: Hey, my order at 180 didn't get filled!

Bitfinex CEO: OH? I don't know about THAT!

 

Sounds like they're sleeping together.   

Still the stock market crash predictions loom:

http://www.infowars.com/gerald-celente-all-hell-is-about-to-be-unleashed/

http://www.telegraph.co.uk/finance/11805523/Doomsday-clock-for-global-market-crash-strikes-one-minute-to-midnight-as-central-banks-lose-control.html

Litecoin will half soon:

http://www.litecoinblockhalf.com

100.000?

I think it'll move down 1 dollar. 

Ya know I say just go ahead and fork you.
Because the market already crashed.
So how much do we have to loose now?
I wish we'd just get it over with.
Sounds like XT can do transactions with 0 confirmations due to double spend protections.
That would make bitcoin more mainstream. If we go up after this why not? Ya'll are all ready to take a risk trading but not going to take a risk to upgrade the entire system?

There is no blacklist in XT... just a bunch of internet rumors:

https://bitcoinxt.software/patches.html

unproductive comments such as your's Mr. Lama are the ones which should get lost.

The option of support for 0 transaction spending and lightwallets is a great benefit to bitcoin.
Otherwise this technology will be left to rot away, as nobody will be able to use it.
If you really support bitcoin then you ought to see the need for XT type improvements.

All this paranoid conspiracy theory garbage about the NSA or the CIA centralizing through XT isn't respectable.
Even if they were trying to hijack bitcoin for their own reign it would still be a benefit at least in the short term.

WE need a faster bitcoin. Because we need people to invest in bitcoin, make it apart of their daily lives. Minute to minute.
We need stupid people like me and Mike Tyson, to buy bitcoin. Drive up that damn price. And Mike Tyson ain't got time to wait dem 10 minutes.
His fist can do allot more transactions than bitcoin can in 10 minutes. So what's Mike Tyson gonna do?
Is he gonna kick ass or pay with bitcoin and wait 10 minutes? I think he's gonna just kick ass.
Nobody gonna make Mike Tyson wait 10 minutes, when he can get all his work done in much less time.

=P

Common gimmie some credit. I called you a conspiracy theorist! 

So nobody jumping into Bitcoin from the recent global stock market crash?
But everyone sells because some guy on the internet releases a different version of the bitcoin client?
& Litecoin is not rallying before the halving in 2 days?
 
Understanding this market is hopeless.

So what's the weekend going to look like? Up? Down? Sideways?

Yea it's kind of bullshit.

The point of bidding I think is psychological. If you want a return to a certain price because of a loss before you're ready to invest again a bid can give you that option. My view is making or loosing money isn't a matter of knowing the market as much as it is just luck. So if you think your luck sucks, then you'll do more bids, but if you think you have good luck you'll just do market buys. Or if you're just impatient. If you think the market will go up up UP and not look back then just buy the market price. If you are patient and are not sure the market will go up fast then you'll try waiting for a dip in price. It's all based on personal confidence in the market. Also if you've recently put in a lousy trade and want another chance to correct for it you'll bid, just to keep your own finances in order, and if you're stubborn enough that might work.

 

Got a question about stop losses:

I trade(d) on Bitfinex. ( It's getting late in the game and i'm running out of funds.   i'm not investing another penny in crypto until I turn a profit on my current investment. So that means it will be a very long time - if ever. )

I made mistakes not using stop losses at first, but now my stop losses are the ones making me loose.
It seems every time I set one, the market magically dips to that level. IS this intentional?
I notice on Bitfinex it doesn't show your stop loss as "hidden" even if you choose hidden.

Is someone able to see these stop losses? And use their capital to exploit them by dipping the price just so you're stop loss activates and then buying it up again?
Because that is what seems is happening. And how do they do this? I'd like to do be able to do this in order to understand it.

If my stop loss is too big, i'll not gain anything, if it's too small it will not pick up any momentum. Third problem seems to be the rotten people purposely activating my stop loss.

5 days of flatlining. Except maybe that brief push 2 days ago.



Guess that's all for the weekend... no bullish trend change. If things don't change soon i'll close my long and take my losses.

 

YAY it's crashing and my long is still open. Thank god it's almost over.  

Glad I can help twerpy Chinese dudes fund their tofu feasts.

Nah I've already decided crypto is a shit investment. Maybe long term holding works for some but if you want a day trading experience it's expensive.

I'm not going to pull my money out though. I'd feel shame.
I will give it every chance it to redeem itself. But I'm just ready for it to end. I want it to either die hard or give me my money back ASAP. I will continue to try to "make money" fight the good fight. But really i'm tired of this game. It just looks like a ponzi scheme to me. But before I was playing computer games, at least now i've gotten a new hobby to kill time.

FYI I'm actually invested in Litecoin, I was making it not so bad back with bitcoin, and would have maybe broke even in fact, but I saw litecoin as a shortcut when it went up 4 dollars in a month.

Now Litecoin does exactly what Bitcoin does, & is not going up like it used to. That litecoin boom was and still IS a ponzi scheme. Litecoin is the shitcoin. Don't fuck with it.

But i'm a fighter so It's all or nothing for me. I'll gladly take nothing if only to move on with my life & stop wasting time circling my pathetic investment. lol.

The value to me is having learned quite a bit about economics.
Not everything, but allot more that I used to know. So i've gotten a good education, and I know the cryptocurrency thing is a dud, unless perhaps you're an experienced trader and know the market very well. There is quite a bit to learn and it's a 24/7 job.

Some Chinese turds have my money and they control the market. Chinese are the most devious people on earth. They are cunning. I live in China now, it's a "me first" greed fest from what I can tell, but then my Chinese isn't so good. Otherwise they are not such bad people. But they want money and authority with a passion, it's a nationalistic thing and unconscious passion just like everyone else.

Unless I can somehow reverse this death spiral, and which I will try, but highly doubt, I consider crypto a no-go, unless using it perhaps to transfer money in very tight periods of time.

BUT It's simply not a good investment from a layman's perspective, because it's expensive and complicated to buy, you have to go through 2 or 3 middlemen just to get it, then 2 or 3 middlemen to use it. It also depreciates allot more than it appreciates. If for example I asked my boss to pay me in bitcoin i'd be in bigger straits than with fiat.

It's just a stupid game / experiment to me. I'd never put in money I actually need to survive in this ridiculous ponzi scheme.

But I liked the idea of Bitcoin. But I kinda agree with Snowden. It's obviously flawed.

Death can be a relief. So either way i'm happy.

I await my margin call... 

Is this the last push of the bulls? Or ... what? They seem to be getting weaker...

and weaker...

and....




w e a k e r.

 

OR is this just the beginning of

greater ...

and GREATER...

AND GREATER THINGS TO COME!!!!  


Just curious... but heheh
I'm probably fucked either way.

Bears putting up a good fight.  the fuckers.

How else do you measure an investment? Would you invest more money into something that has cost you money? Maybe i'm simple minded. But if it's supposed to make you money, and instead it burns all of it up. Maybe just maybe it's not a good investment.

But I've been waiting for this thing since the idea of paypal came out. I didn't really know of it until 2014.
The idea of replacing the banks entirely appeals to me. That is the reason I like it. Trading isn't necessary if you want to use bitcoin. But then again the world prefers credit cards and that requires an institution all over again, taking a fee on every time you spend your money.

Hm... I simply have no need for a investment that is loosing me money. In that case it's a bad investment.  But can't help but miss the productive use of time or forum space in your reply on this topic. Name calling, and egotistical aggression simply escapes me as a valuable commodity.

I think the notion is pretty simple, have you been making money? Then it's good. Have you been loosing money. Then stop investing in it. You wanna overcomplicate things beyond that... and call me names, I can't help but pity you.

Too sensitive? Too emotional, too poor, too impatient, too ignorant. Yea who isn't?

I'm saying the investment I made is a bad one. .
I'm saying it from my perspective. If it's good for you. Then good.
Obviously you're doing something i'm not. I'm just spending my money in time the way I see best.
I wasn't even talking about whether the price goes up as a measure of good investment. While that was my first criterion, it's now changed.
My sole measure now is if I am making money, or at least breaking even.
So if I'm not. It's not a good investment.
FOR ME. For bitcoin and litecoin? I'm sure they're THRILLED i'm loosing money. It just means more for them. Frankly I got into this not really knowing WTF I was doing. I'm just trying to go forward making mistakes, while I try to correct for them.
At first I didn't even know about longs and shorts. I traded at ANX.
I didn't know you could make money when the price is going down.
After I lost 65% on just buying litecoin with my money. (right before coming a inch of breaking even)
I figured I could try using leverage. So I made some money and then the price went down again.
Then I tried shorting. Made some then the price went up.
It's just splitting me apart. So i'm willing to pay for that, and accept the consequences.
If me and crypto are incompatible, I can accept that. I've learned a few things about trading in the mean time. I could have wasted the money on a DJ system or something. Probably wouldn't have learned anything.