Topic: nrd525 Market Tracker - page 44. (Read 83024 times)
I decided not to short Ethereum.
The Ethereum bubble is real =)
https://cryptowat.ch/poloniex/ethbtc/1m
I'm considering shorting it at Poloniex - but it's a good thing I didn't short it at 0.012 BTC.
https://cryptowat.ch/poloniex/ethbtc/1m
I'm considering shorting it at Poloniex - but it's a good thing I didn't short it at 0.012 BTC.
I think the bitcoin mining industry might be like general mining/drilling where prices shoot up very high which causes lots of investment/exploration. That takes a bit of time to come online, and then you have overproduction which drives the prices down (or in Bitcoin's case you have 0% growth in difficulty - or difficulty at least slows down a lot - it may not hit 0% growth due to technological improvements).
So right now we might be witnessing the bitcoin mining boom that is a result of the last year (2015) which relatively stagnant/slow growth.
Last difficulty increase was 20%!
So right now we might be witnessing the bitcoin mining boom that is a result of the last year (2015) which relatively stagnant/slow growth.
Last difficulty increase was 20%!
Could a snowstorm in the Northeast US be causing bitcoin price decline? 
I was just at the local Trader Joes and they had the largest lineup I've seen (line up to get in the store, and then inside the store the line literally snakes through the entire store and has to double back) - as people around here tend to panic a bit about storms (rain or snow). Even though we had three feet several years ago, so people are aware of what snow is =)
What's the impact of a possible Trump presidency? If there is any hint of Bitcoin being tied to terrorism I could see Trump totally over-reacting (more so than other Republicans or Dems). On the other hand, so far the US government has been very hands-off - and it seems to be up to state governments choose whether to regulate.
I used to think that Trump had no chance of winning the Rep nomination, but now his support has been holding strong at almost 40% nationally. Unlike other candidates whose support peaks and then declines never to recover again (like Christie in a previous election where he didn't run, or Carson in this one).
Or maybe it's the 9% increase in the oil price making people think that our global economy is going to do ok. I think we're still heading for more problems.
I was just at the local Trader Joes and they had the largest lineup I've seen (line up to get in the store, and then inside the store the line literally snakes through the entire store and has to double back) - as people around here tend to panic a bit about storms (rain or snow). Even though we had three feet several years ago, so people are aware of what snow is =)What's the impact of a possible Trump presidency? If there is any hint of Bitcoin being tied to terrorism I could see Trump totally over-reacting (more so than other Republicans or Dems). On the other hand, so far the US government has been very hands-off - and it seems to be up to state governments choose whether to regulate.
I used to think that Trump had no chance of winning the Rep nomination, but now his support has been holding strong at almost 40% nationally. Unlike other candidates whose support peaks and then declines never to recover again (like Christie in a previous election where he didn't run, or Carson in this one).
Or maybe it's the 9% increase in the oil price making people think that our global economy is going to do ok. I think we're still heading for more problems.
Bought 1 BTC at 356, and one at 365. Closed 100 of my LTC short at $2.91 (still 400 short).
So far I'm pretty good on picking bottoms, but not so good on recognizing tops.
So far I'm pretty good on picking bottoms, but not so good on recognizing tops.
I checked Coinbase (regular) and it has a $6 premium over Coinbase exchange. That's weird! But still $1-$3 under Bitfinex.
It looks like Coinbase regular might be using some kind of averaging.
It looks like Coinbase regular might be using some kind of averaging.
Coinbase is $11 under Bitfinex. Typically Coinbase is $2 above Bitfinex. This is a decent arbitrage opportunity.
In other news, Whale Club reorganized TeamSpeak and got rid of most of their user base (including me). Is there a way to rejoin? I just want to listen in and occasionally text chat. Are there other half-decent IRCs or text chats for Bitcoin?
In other news, Whale Club reorganized TeamSpeak and got rid of most of their user base (including me). Is there a way to rejoin? I just want to listen in and occasionally text chat. Are there other half-decent IRCs or text chats for Bitcoin?
Chart not looking so good ($411).
Mike Hearn sells all his coins. A smart guy, but also the whole developer, miner, and customers drama over the block size is so out of control that it is very hard to figure out what is a good idea.
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.f4dwpw41u
Mike Hearn sells all his coins. A smart guy, but also the whole developer, miner, and customers drama over the block size is so out of control that it is very hard to figure out what is a good idea.
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.f4dwpw41u
It's totally ok. I'm all about long-term trends and trying to identify real uses for bitcoins. So for instance, the Dark Market article was negative - but I still think the positive developments (ex. Lightning Network, or at least a 2 mb blockchain increase) are strong enough to outweigh the loss of the Dark Markets.
Fair enough. I am paranoid about shills on this forum, it is true. I may be a retard, but I will never be a shill. Anyway, I bought a small amount of coin above 450 with the moon sentiment going on in my head. Shit happens. Sorry for calling you out man, I feel bad now. We agree on one thing atleast, hold that shit !!! Only times I've truly been burned was when I was trying to short the market. OK I'll show myself the door now.
Ha. I'm no shill. I've been on the forum since 2011. And just because I bought $10-$20 above the now market price (should have stuck with my original $422 bid), is part of a long-term primarily holding strategy. In the long run $10-$20 is nothing. I've just recently increased in assets and have been meaning to increase the percent invested in bitcoins for a couple weeks.
I bought around 7 bitcoins for around $430-$440
Dark web drug markets having problems:
http://www.wired.com/2016/01/the-silk-roads-dark-web-dream-is-dead/
Dark web drug markets having problems:
http://www.wired.com/2016/01/the-silk-roads-dark-web-dream-is-dead/
Posted an hour before the drop into the low 420s. Here we have either a bad buy, or an effective shill.
I bought around 7 bitcoins for around $430-$440
Dark web drug markets having problems:
http://www.wired.com/2016/01/the-silk-roads-dark-web-dream-is-dead/
Dark web drug markets having problems:
http://www.wired.com/2016/01/the-silk-roads-dark-web-dream-is-dead/
I placed some bid orders at 421 (back when the price was $435).
I'm thinking that the Australian Satoshi might have to sell 200k-400k bitcoin to pay taxes. Very bearish:
http://www.theguardian.com/technology/2015/dec/09/bitcoin-founder-craig-wrights-home-raided-by-australian-police?CMP=twt_gu
https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/
On second thought, the income might have been very little as the Bitcoin wasn't worth much when he mined it. So then it depends on whether the trust is legitimate and shields him from capital gains.
http://www.theguardian.com/technology/2015/dec/09/bitcoin-founder-craig-wrights-home-raided-by-australian-police?CMP=twt_gu
https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/
On second thought, the income might have been very little as the Bitcoin wasn't worth much when he mined it. So then it depends on whether the trust is legitimate and shields him from capital gains.
What are people's thoughts on the Scaling Bitcoin conference?
I watched some of the Youtube videos. It was mostly over my head. I got the feeling that scaling bitcoin is hard and might take several years before we have solutions. It appears to be hard to scale a decentralized system that has to be very wary of attackers and possible miner manipulation. I think we're very far from understanding what a "fee market" even is, let alone implementing one. Imagine what would happen if the fees varied by a factor of 10-100 over one week - but you didn't know whether they would ever settle down. It's hard enough that bitcoin price varies so much, if you add varying and much larger transaction fees to that...
http://www.coindesk.com/hard-fork-developers-scaling-bitcoin/
I watched some of the Youtube videos. It was mostly over my head. I got the feeling that scaling bitcoin is hard and might take several years before we have solutions. It appears to be hard to scale a decentralized system that has to be very wary of attackers and possible miner manipulation. I think we're very far from understanding what a "fee market" even is, let alone implementing one. Imagine what would happen if the fees varied by a factor of 10-100 over one week - but you didn't know whether they would ever settle down. It's hard enough that bitcoin price varies so much, if you add varying and much larger transaction fees to that...
http://www.coindesk.com/hard-fork-developers-scaling-bitcoin/
In good news, I'm on course to make around $2k in interest in "margin providing" at BFX this year. Including almost $500 of BTC interest (got lucky when the BTC margin rate was higher back in the early part of 2015). This is around a 8-10% return (the USD return is approximately 13-15% and the BTC 3-5%). Though the return rate is still a lot lower than it was in 2014 or the much beloved 2013 year, but I think the level of risk is much lower as well.
I'd be doing even better if I was using the MarginBot or not wasting my money shorting LTC.
In general, I expect the return rate to fall even further in 2016 -- unless volatility increases.
I'd be doing even better if I was using the MarginBot or not wasting my money shorting LTC.
In general, I expect the return rate to fall even further in 2016 -- unless volatility increases.
Remittances!
http://www.coindesk.com/visa-europe-remittances-bitcoin-blockchain/
If mobile phone payment becomes big, you could integrate remittances with that pretty easily.
If/when Bitcoin is directly connected to a major act of terrorism - it's not going to be good. Hopefully it'll just be a minor act, like kidnapping. Or a major act in a non-rich country, so the media and rich won't make a big deal of it.
I, of course, do not support terrorism whether done by the state (and normally called "war" or even better "defense") or a private actor.
http://www.coindesk.com/visa-europe-remittances-bitcoin-blockchain/
If mobile phone payment becomes big, you could integrate remittances with that pretty easily.
If/when Bitcoin is directly connected to a major act of terrorism - it's not going to be good. Hopefully it'll just be a minor act, like kidnapping. Or a major act in a non-rich country, so the media and rich won't make a big deal of it.
I, of course, do not support terrorism whether done by the state (and normally called "war" or even better "defense") or a private actor.
I think we're going down to 220-240. But I'm holding. Might take 1-2 months.
Closed 100 of my LTC short at a slight profit (or maybe zero after swap costs). Still shorting 500. Lot of traders talking about a floor for BTC here around $350, but I'm skeptical.
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