Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26492. (Read 26608375 times)
August 05, 2014, 05:48:37 PM
Everyone know about this? http://www.cryptocoinsnews.com/news/ecuador-first-nation-create-digital-currency/2014/07/31
August 05, 2014, 05:38:28 PM
Purchased a Trezor today... paying for something was never so easy.
Trezor is safe? And how many days it took to deliver?
It's a slush's project I'd say you can trust him. A part from that it seems the team behind put a lot of efforts/energy to get it right, they even have contributed to the BIP 38
Quote
I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?
August 05, 2014, 05:36:33 PM
Yeah, but you can never doubt how far people will bullshit...I remain subscribed to the its too good to be true, FED research that see bitcoin disrupting the global currency system lol in 5-10 years lol
I'd personally love for this to be true...and it seems to be well formed.
I'd personally love for this to be true...and it seems to be well formed.
August 05, 2014, 05:35:18 PM
Well, that's the thinking behind this "long squeeze" rhetoric about Bitfinex. Indeed, the order book is very thin to absorb a crash. But then again, I've been hearing about a "long squeeze" coming for several months now....
Bears?
When you read the BFX long squeeze posts, read carefully. They usually claim that there are margin longs holding since the rally to 685, holding for MONTHS, $100+ under water + months of margin interest, and any gust of wind will cause them to collapse the exchange.
Does that make any sense? Would you hold a losing position for months and keep paying interest, or would you close it long ago at a small loss? Yeah, me too, I would have closed by 675. Thee are zero active positions long above $595...I would bet my life on it.
It is FUD.
A short squeeze is more likely in the coming weeks than a long squeeze, IMHO. There are too many people bewitched by the idea of buying coins at 420 or 480. It won't happen.
I wouldn't bet my life on that, but I generally very much agree. If you watch the Trading View chat, we know that $660 full margin holders were already liquidated. And considering the month of sideways/down, I'm sure most $600+ long holders have closed or were called.
Meanwhile, shorts have risen almost 2500 during the time that price has risen off the $561 low. So, there are certainly now new shorts either taken out near current spread, or currently underwater. There is some short squeeze potential.
August 05, 2014, 05:30:01 PM
http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?
Even if it is not true, that was so well written it was great fun to read 
To da moon
August 05, 2014, 05:27:36 PM
http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?
sounds real.. proof will be in what media comes out about it.. he made a comment that hes in talks with media outlets such as bloomberg, so we could well see an article with a verified source being released which would be huge.
August 05, 2014, 05:21:05 PM
http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?
August 05, 2014, 04:59:51 PM
August 05, 2014, 04:40:17 PM
Purchased a Trezor today... paying for something was never so easy.
Trezor is safe? And how many days it took to deliver?
I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?
Just use paper. bitaddress.org
I have no printer
I use bitaddress.org for my initial investment in bitcoin but I wrote the private keys by hand and might have miswrote on any of them. Also I rather diversify the holdings a bit so i don't have everything at one place
How safe is it to store like I said though with bitcoin-qt?? Should be pretty safe no? I actually already bought a laptop but it's useless and I will send it back or throw it in the fucking ground unless I won't use it for bitcoin storage
I like the laptop idea fine, I was just to lazy to setup ubuntu ..as I don't entirely trust windows. However the coins have been stored safely on bitcoinqt with a nice long password. Just don't wanna push my luck if I can store them offline in a sense. I believe you make a paper backup of the trezor as well
August 05, 2014, 04:37:21 PM
Purchased a Trezor today... paying for something was never so easy.
Trezor is safe? And how many days it took to deliver?
I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?
Just use paper. bitaddress.org
I have no printer
I use bitaddress.org for my initial investment in bitcoin but I wrote the private keys by hand and might have miswrote on any of them. Also I rather diversify the holdings a bit so i don't have everything at one place
How safe is it to store like I said though with bitcoin-qt?? Should be pretty safe no? I actually already bought a laptop but it's useless and I will send it back or throw it in the fucking ground unless I won't use it for bitcoin storage
August 05, 2014, 04:30:43 PM
Purchased a Trezor today... paying for something was never so easy.
Trezor is safe? And how many days it took to deliver?
I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?
I have faith in them so far, order is probably going to be processed tomorrow as I got around to placing the order pretty late. Will update on time of delivery to Canada.
It's just cheaper then a laptop, I could pay in bitcoin ( only option ) and I believe it will provide the protection I seek.
August 05, 2014, 04:29:06 PM
Purchased a Trezor today... paying for something was never so easy.
Trezor is safe? And how many days it took to deliver?
I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?
Just use paper. bitaddress.org
August 05, 2014, 04:22:52 PM
Purchased a Trezor today... paying for something was never so easy.
Trezor is safe? And how many days it took to deliver?
I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?
August 05, 2014, 04:20:14 PM
I predicted 555 last night, and it is headed in that direction, but I have a bad, bad urge to go all in, max margin long. Can anyone give me rational reason that doesn't start with the Huobi wall?
Never go full margin.
I gotta say though, the walls on the Chinese exchanges pretty much always look frightening compared to the USD ones! August 05, 2014, 04:16:06 PM
Purchased a Trezor today... paying for something was never so easy.
August 05, 2014, 04:10:25 PM
August 05, 2014, 03:59:51 PM
August 05, 2014, 03:52:50 PM
People asking for trading advises, should better use a fortune cookie.
So your fortune cookie:
She used her best make up and is dressed beautiful. Her headache has gone and she's whistling her favorite songs, but as she often suffers from migraine, situation can change quickly - to a really nasty and ugly diva.
So your fortune cookie:
She used her best make up and is dressed beautiful. Her headache has gone and she's whistling her favorite songs, but as she often suffers from migraine, situation can change quickly - to a really nasty and ugly diva.
August 05, 2014, 03:52:12 PM
Well, that's the thinking behind this "long squeeze" rhetoric about Bitfinex. Indeed, the order book is very thin to absorb a crash. But then again, I've been hearing about a "long squeeze" coming for several months now....
Bears?
When you read the BFX long squeeze posts, read carefully. They usually claim that there are margin longs holding since the rally to 685, holding for MONTHS, $100+ under water + months of margin interest, and any gust of wind will cause them to collapse the exchange.
Does that make any sense? Would you hold a losing position for months and keep paying interest, or would you close it long ago at a small loss? Yeah, me too, I would have closed by 675. Thee are zero active positions long above $595...I would bet my life on it.
It is FUD.
A short squeeze is more likely in the coming weeks than a long squeeze, IMHO. There are too many people bewitched by the idea of buying coins at 420 or 480. It won't happen.
August 05, 2014, 03:31:20 PM
Hey! At least there's some volume going on! People also seem to be buying at the moment. Looks not too grim, if you ask me!
What is the benefit of Volume, if price dropping down and it's not good sign too.
When some dump there is always some buyer too,
if there will be no buyer or very less buyer then price will crash in seconds.
Well, that's the thinking behind this "long squeeze" rhetoric about Bitfinex. Indeed, the order book is very thin to absorb a crash. But then again, I've been hearing about a "long squeeze" coming for several months now....
Bears?
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