i'm still a noob here but our current situation kind of looks like a buildup of buying pressure at the trend line. as if it's about to explode. maybe?
I'm far from being an expert but the buy/sell ratio on bitcoinity looks slightly bullish to me.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22843. (Read 26712930 times)
February 19, 2015, 04:47:48 PM
I'm far from being an expert but the buy/sell ratio on bitcoinity looks slightly bullish to me.
February 19, 2015, 04:45:35 PM
i'm still a noob here but our current situation kind of looks like a buildup of buying pressure at the trend line. as if it's about to explode. maybe?
February 19, 2015, 04:43:51 PM
great plan!
btw thanks for an extra hundred bucks!
btw thanks for an extra hundred bucks!
I thought you don't trade?
He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.
What you describe is trading..
Explains his overly emotional posts when the price surged up to 268.
I know. That's what they said about the Bitfinex guy as well... it was an attempt at a joke.
Ha. Very good.
Let's see if tarmi starts bleating if we jump another ten dollars. He clearly hasn't bought in yet
February 19, 2015, 04:42:55 PM
Does anyone expect a pre-weekend mini pump tomorrow, like what happened last Friday?
I've got a small amount of BTC I want to use to buy alts and don't want to exchange today if we get a little bit of action in the next 24 hours.
Chances of happening? Crystal ball?
I've got a small amount of BTC I want to use to buy alts and don't want to exchange today if we get a little bit of action in the next 24 hours.
Chances of happening? Crystal ball?
February 19, 2015, 04:41:24 PM
great plan!
btw thanks for an extra hundred bucks!
btw thanks for an extra hundred bucks!
I thought you don't trade?
He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.
What you describe is trading..
Explains his overly emotional posts when the price surged up to 268.
I know. That's what they said about the Bitfinex guy as well... it was an attempt at a joke.
February 19, 2015, 04:39:02 PM
There was somebody on tradingview who predicted an eve and adam bottom around $150 respectively $210.
With the healthy 3D MACD going and no panic despite a shooting star, maybe he'll be right I think things are looking bearish in the longer term though but honeybadger does as he like
With the healthy 3D MACD going and no panic despite a shooting star, maybe he'll be right
I think things are looking bearish in the longer term though but honeybadger does as he like 
February 19, 2015, 04:38:23 PM
Would there actually be a market for a Bitcoin whale to travel to an economically stricken country with a trezor wallet packed with 100s+ BTC and sell them locally?
Anyone think this sort of thing happens? Serious question. Just musing on the idea.
Anyone think this sort of thing happens? Serious question. Just musing on the idea.
Interesting idea.
Risky (as in risky to your short/long term health)
You couldn't just parachute in and set up shop. There's all sorts of local knowledge that would be necessary to operate. It would take a certain type of person to be successful at that trade, but I'm sure it's possible.
I know a guy who knows a guy who knows a guy.
February 19, 2015, 04:36:09 PM
Would there actually be a market for a Bitcoin whale to travel to an economically stricken country with a trezor wallet packed with 100s+ BTC and sell them locally?
Anyone think this sort of thing happens? Serious question. Just musing on the idea.
Anyone think this sort of thing happens? Serious question. Just musing on the idea.
Interesting idea.
Risky (as in risky to your short/long term health)
You couldn't just parachute in and set up shop. There's all sorts of local knowledge that would be necessary to operate. It would take a certain type of person to be successful at that trade, but I'm sure it's possible.
February 19, 2015, 04:31:58 PM
great plan!
btw thanks for an extra hundred bucks!
btw thanks for an extra hundred bucks!
I thought you don't trade?
He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.
What you describe is trading..
Explains his overly emotional posts when the price surged up to 268.
February 19, 2015, 04:31:51 PM
right ..... but that is a different discussion all together, there are logistics involved in moving large amounts of hot money no matter how you dice it. Though chances are if you have private jets worth of notes in cyprus stored in a luxury apartment, then you can probably do with not moving it for a month in the case capital controls are in place and all the banks shut and your usual friendly bank manager cannot help you out or you cannot deposit and transfer the cash to an exchange if going down the BTC route.
I was talking about how buying BTC is not an option for people that are already in a country that capital controls have been placed (and maybe expecting a haircut or a massive devaluation) as you would not be able to access those funds to buy BTC with.
If you've already lost access, then you're S.O.L., but you could use localbitcoins and pay a premium if you can pull your money out but not take it across the border. An sd card is also less tempting for thieves and robbers (private sector or public) than a suitcase full of cash.
There was some back and forth in mid March and some restrictions were temporarily lifted for a while, but only a tiny fraction of the money deposited by wealthy russians made it into BTC, if it was a significant portion BTC would have gone way past the $1200 we saw later that year. There were quite a few dorment coins back then so the supply of coins would not have been able to trickle in fast enough.
I think most of the Russians, of the type you are referring to, most likely saw the haircut, threw a few vodka glasses around the place, boarded their helicopters, muttering about how they lost a few pennies, snorted some coke off of a hookers tit, before arriving home jumping out the bird, and returning home to their wives and children and scoffing caviar like it was going out of fashion.. before I dunno going out on a wild boar killing spree with vlad and vlad and vlad. Basically a few of them would maybe have beaten a poor cypriot half to death to calm their nerves.
Part from that, they bent over and took it like the rest of the suckers that had cash in the bank they could not reach.
February 19, 2015, 04:31:08 PM
An sd card is also less tempting for thieves and robbers (private sector or public) than a suitcase full of cash.
Make it a microSD card and if you land into trouble it can be quickly swallowed.
Providing you have a backup card stashed somewhere safe
Amen on the encrypted microSD cards. They've been my go-to for sensitive data backup and storage for years.
MicroSD cards are very easy to hide.
The higher capacity microSDXC cards are great for videos or other large volumes of a sensitive nature.
February 19, 2015, 04:29:09 PM
great plan!
btw thanks for an extra hundred bucks!
btw thanks for an extra hundred bucks!
I thought you don't trade?
He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.
February 19, 2015, 04:25:01 PM
right ..... but that is a different discussion all together, there are logistics involved in moving large amounts of hot money no matter how you dice it. Though chances are if you have private jets worth of notes in cyprus stored in a luxury apartment, then you can probably do with not moving it for a month in the case capital controls are in place and all the banks shut and your usual friendly bank manager cannot help you out or you cannot deposit and transfer the cash to an exchange if going down the BTC route.
I was talking about how buying BTC is not an option for people that are already in a country that capital controls have been placed (and maybe expecting a haircut or a massive devaluation) as you would not be able to access those funds to buy BTC with.
If you've already lost access, then you're S.O.L., but you could use localbitcoins and pay a premium if you can pull your money out but not take it across the border. An sd card is also less tempting for thieves and robbers (private sector or public) than a suitcase full of cash.
There was some back and forth in mid March and some restrictions were temporarily lifted for a while, but only a tiny fraction of the money deposited by wealthy russians made it into BTC. If it was a significant portion BTC would have gone way past the $1200 we saw later that year. There were quite a few dorment coins back then so the supply of coins would not have been able to trickle in fast enough.
February 19, 2015, 04:20:54 PM
Would there actually be a market for a Bitcoin whale to travel to an economically stricken country with a trezor wallet packed with 100s+ BTC and sell them locally?
Anyone think this sort of thing happens? Serious question. Just musing on the idea.
Anyone think this sort of thing happens? Serious question. Just musing on the idea.
Interesting idea.
Risky (as in risky to your short/long term health)
February 19, 2015, 04:19:17 PM
great plan!
btw thanks for an extra hundred bucks!
btw thanks for an extra hundred bucks!
I thought you don't trade?
February 19, 2015, 04:18:31 PM
lol market timing was never my strong suit. At least with such a small amount I can afford to ride it out. I may yet have something to crow about. Just threw in another hundred.
your not saying
? i noticed u been chasing the pumps lately . don't feel bad my timing isn't that great either all the time. i missed a couple good moves when i didn't trust my instincts.. it's the other times though when i am in the zone on top of my game .. not gonna throw in another hundred here though .I haven't really been chasing the pumps so much as not running from them. I've been buying about 1BTC/Day for the last couple of weeks and I've only bought $200 worth today so I'm below average.
February 19, 2015, 04:17:11 PM
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.
Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.
Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.
Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.
A lot of russian oligarchs had their money stashed away there. Serious amounts. And they know what BTC is.
http://www.independent.co.uk/news/world/europe/moscows-mafia-finds-an-island-in-the-sun-cyprus-is-awash-with-dubious-dollars-from-russia-robert-fisk-reports-from-limassol-on-the-visitors-with-private-jets-bulging-suitcases-and-a-reluctance-to-answer-questions-1381056.html
http://www.reuters.com/article/2013/05/15/us-cyprus-outflows-insight-idUSBRE94E0BN20130515
http://www.bbc.com/news/business-21831943
These people WOULD use BTC to GTFO.
only if they could actually get to the money... and in which case.... what would they need BTC for.
Get money out Cyprus....? These are not financial geniuses, they are crooks.
? what please explain what you mean.
If you've made your money by sending burly blokes to whoever is in your way, and buying off the rest; you might not be as put off by putting large sums into a ridiculously unstable asset to avoid some government to get their hands on them as someone who made their money through dedication and prudent investment. If they timed it wrong they would loose more by buying BTC than simply accepting the terms of the government, a prudent investor would see this. But some of the kinds of crooks that were hiding money in Cyprus would not think like this.
right.... so if they had the cash already (i.e in the suitcase full of notes in their clutches/jet/apartment) = problem solved and no need for BTC, other than easier to carry.
If the cash is in the bank, and there are capital controls already in place = russian mafia would have to "convince" the bank to let them get access to their cash before haircut occurs, so they could then either a) stuff it in suitcase/jet/apartment or b) buy bitcoin from a localbitcoins guy "hey dude, have you got 20 millions worth of Bitcoin? my mate sergi wants to buy them from you , and then remove your kneecaps, and relieve you of the 20 million euros he just gave you" or c) load on plane, fly to another country, deposit cash in bank and then buy bitcoin? unless of course when they were "convincing" the bank manager they also convinced him to please transfer the 20 million euros to Huboi?
So basically, unless you act before the controls are in place, or torture a high ranking banking official, then BTC is not going to help you.
(or you hold BTC already, and in which case who cares about Euros)
February 19, 2015, 04:16:11 PM
bought back in,and now the price drops 
you need to adjust your trading strategy. a few hints from my side:
1. trade the trend, in downtrends you should be short or flat, in uptrends you are long or flat (downtrend still active)
2. don't get driven by emotions. this will lose you money
3. trade the dips.
4. look at the charts
It was very easy to make good money the last two days. short the bull run (finex) @245 two days ago. buy the dip at a profit targe of 10 usd(50% of your position) flaten your position as momentum changes. short just below the high from two days ago with limits at 242, 243, 244. the 244 was not filled but still you got back 70 percent of your short...
=>profit. from what i read, you did exactly the opposite.
5. don't forget to secure your trade by either a stoploss just above the previous high 246.3 or a trailing stop
now you got a nice risk/reward ratio...
February 19, 2015, 04:10:59 PM
An sd card is also less tempting for thieves and robbers (private sector or public) than a suitcase full of cash.
Make it a microSD card and if you land into trouble it can be quickly swallowed.
Providing you have a backup card stashed somewhere safe
February 19, 2015, 04:10:44 PM
19,999 BTC swaps vs. 16MM in USD. There's prolly gonna be a big break-out one way or another.
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