The bitcoin network can run on 3 Tibetan monks with abacuses.
Yes, but which three?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24152. (Read 26607537 times)
December 03, 2014, 09:49:45 PM
December 03, 2014, 09:00:55 PM
December 03, 2014, 08:00:55 PM
December 03, 2014, 07:18:07 PM
Why? The bitcoin network can run on 3 Tibetan monks with abacuses.
Yes, but which three?
The future bitcoin network, the leftmost is learning SHA-256 by heart.
lol
i was thinking about the bandwidth rate for a gong... 0.1 bit/second maybe... or they can use TCP-over-pigeons...
December 03, 2014, 07:15:03 PM
Either the price of btc rises significantly in the next 24 months or it fails.
Why? The bitcoin network can run on 3 Tibetan monks with abacuses.
The future bitcoin network, the leftmost is learning SHA-256 by heart.
December 03, 2014, 07:00:56 PM
December 03, 2014, 06:43:56 PM
Either the price of btc rises significantly in the next 24 months or it fails.
Why? The bitcoin network can run on 3 Tibetan monks with abacuses.
The future bitcoin network, the leftmost is learning SHA-256 by heart.
December 03, 2014, 06:39:15 PM
Either the price of btc rises significantly in the next 24 months or it fails.
Why? The bitcoin network can run on 3 Tibetan monks with abacuses.
December 03, 2014, 06:12:59 PM
Either the price of btc rises significantly in the next 24 months or it fails.
Why? The bitcoin network can run on 3 Tibetan monks with abacuses.
December 03, 2014, 06:00:55 PM
December 03, 2014, 05:58:04 PM
Either the price of btc rises significantly in the next 24 months or it fails. I see no signs of failure so far.
I agree. I'm still a long term bull, or I'd be dumping my cold storage also and not just my trading stash. 24 months is an eternity in bitcoin time. A lot can happen between now and then.
December 03, 2014, 05:55:34 PM
There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now?
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better.
Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now.
1w macd about to go green.
Good luck shorting!
It has to get worse because of us! Good traders buy low and sell high, reducing volatility. We bought too high and increased volatility, scaring away the hedge funds and big money that was supposed to fuel the next rally. Bitcoin is a medium of exchange and a unit of account, but thanks to those of us who sold far too little at the top, it is a piss poor store of value. We didn't have enough profits to re-invest during the bear market. I blame myself among others.
Either the price of btc rises significantly in the next 24 months or it fails. I see no signs of failure so far.
December 03, 2014, 05:49:56 PM
There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now?
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better.
Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now.
1w macd about to go green.
Good luck shorting!
It has to get worse because of us! Good traders buy low and sell high, reducing volatility. We bought too high and increased volatility, scaring away the hedge funds and big money that was supposed to fuel the next rally. Bitcoin is a medium of exchange and a unit of account, but thanks to those of us who sold far too little at the top, it is a piss poor store of value. We didn't have enough profits to re-invest during the bear market. I blame myself among others.
December 03, 2014, 05:46:18 PM
...
Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now...
Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now...
"This, indeed, is despair."--Soren Kierkegaard
*Seriously tho, you'll be just fine...
December 03, 2014, 05:43:52 PM
There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now?
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better.
That's a valid pattern, alright. But the question is right now, are we currently more in May '14 (after the market dragged out the consolidation now compared to then), or are we in late July.
In the first case, the actual major peak is still ahead of us, in the second case, 450/470 was the major peak, it just didn't stick (even less than in May).
By nothing much more than the volume picture*, I'm slightly leaning to the first case, but it's a close call. We'll get our confirmation soon enough.
* Correction: by total volume, and mid-term (~100 day) momentum.
December 03, 2014, 05:41:05 PM
...
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better.
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better.
How much better does it have to get when you are in the game since 4 years? I see you're on this forum since may 2011.
What are your plans? Or are you just trading for fun?
December 03, 2014, 05:38:37 PM
There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now?
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better.
Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now.
1w macd about to go green.
Good luck shorting!
December 03, 2014, 05:36:26 PM
Do we know what time the auction is being held? This is so exciting 
December 03, 2014, 05:33:33 PM
Dumpers gotta dump. Thats what they do.
December 03, 2014, 05:14:59 PM
There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now?
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better.
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