Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24144. (Read 26731808 times)

Going to 270. How fast we get there will depend on whether it breaks through the last bottom. If it does, end of the year wholesale price for us long term Bulls  

Rumors remain rumors as long as they are unconfirmed. I would like to ride that wave though .

Rumors about Citigroup talking with RippleLabs...

Nice quality post between all the rubbish!
I only understand half you said about the swap costs and liquidation price,I'm learning. but I feel the exact same sentiment like you and also think the market will move like you describe. I feel the urgent need to learn how to margin trade, but I don't know why
It's the same feeling I had when I entered bitcoin 1,5 years ago. I felt I had to buy, did not buy out of emotion or analysis. I just had to do it. Later on I figured out that I actually made a very good trade

Happy bottom hunting!

ok THIS is the bottom.

Beanie Babies are nice.
Buy some for your kids at Christmas.

I didn't know XRP and LTC could be compared to one another? LTC is simply a copy of Bitcoin, with some slight modifications. XRP, or Bitshares and NXT in that regard, are something completely else. All were build from scratch, instead of the hundreds of copy-paste coins that are out there. I cannot see how LTC can be compared to XRP in any way, next to it being a crypto.

when they did that with LTC that worked out really well!

Here we go.

Price is 10$ too high at the moment, next dump wave to 315$ and another one to 300$.

Tad premature.

Well Ripple actually did move a lot amid the turmoil on the financial markets. I also noticed a massive volume increase in CNY/XRP lately, which seems to point to many Chinese whales/holders leaving the Bitcoin game and joining the XRP fun.

Nope, that's only your flawed view. When generally safe things crash, people will not move to risky things, they will move to safer things such as gold, or solid currencies like USD or EUR to protect what they still have.

this is bizarre, markets and currencies are crashing, there should be moves to bitcoin, gold etc.

the real story about bitcoin:



bears..

See you when we test 300 again.


Goodbye

Explanation

My guess is that there will be a move toward $300 and then it will pull away and many will think the danger is over, but then after a while when you aren't looking, the dumpers will try to smash through.

This is a huge opportunity for those who are patient. Swap costs are almost nothing right now so if you don't already have a short position,  wait for the pull back and then get one and wait because I guarantee, I know in my bones, The bottom will be retested.

As it gets closer to $270, start closing your short, just a few BTC at a time so nobody notices. If the retest happens relatively soon (say within a month or so), and volume is very high,  get out of your short and start going margin long.

With swap costs so low, there is a possibility of making a massive amount of money by putting relatively little of your own coins or cash at risk.

I have a massive short right now and my swap costs are less than a dollar a day. I'm gonna wait these fuckers out. Keep in mind we had both a short and long squeeze recently, so make sure your short liquidation price is over $475 and your long liquidation price is under $200 depending on your risk tolerance.

and for God's sake, get your coins off of the exchange and into cold storage or a vault if you are not going to put them in play.

This is an exciting time to be alive. Great fortunes will be won and lost in this battle. If $270 holds on high volume, I am going margin long and staying margin long until I can chop the head off of the next bubble.

Good luck and happy trading. and...try to make sure you have some balance in your life.  Some people risked and gave their lives to save the world. We are only risking money, most of it conjured out of thin air by banksters. Bitcoin isn't everything. If you can't afford to fight, that's ok. I bear a large part of the responsibility for things getting this bad, so I'm going to put a good size chunk into play.

Seems like China is waking up. I wonder what the weekend will bring.

Panic sell in the making.

He is right about the usefulness, but bitcoins are not useful and that is the point, they have only speculative value, that is what makes them money.

EDIT (just noticed) you are right.