BTC 20% loss eminent, be advised 12/26 9PM EST

presence

presence

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Joined
Dec 20, 2011
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19,330
EYES HERE NOW:


http://bitcoinwisdom.com/markets/huobi/btccny



11qgw07.png





50/50 breakout from 4500 to 5000y at HUOBI... if it fails in next hour... tanking to 3000y


Hedge your position.


Do not sleep in crypto tonight.
 
I'm hedged 50/50


We are at the precipice... its "near" when april caved. We're dealing w/ resistance from our point at $48 on the 12h.


4500 is do or die. Do is 4500-5000y HUOBI


Die is 3000y.

4500-3800 in very few hours if we break down.
 
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So you think BTC will drop to approx $640 by tomorrow (currently around $800)?
 
The big drop's coming soon as the holiday season winds down. Only way it'll stay up is if the media tries to keep it propped up again.
 
I see a Vic123 reversal pattern that will project the price up to $950. However, after several years of daytrading I've concluded my predictions are no better than the flip of a coin. :)
 
One thing is for sure, a currency it is not at the moment. Find a tangible investment is my advice.
 
Drop baby drop!

Drop baby drop!

Drop baby drop!!!


I expect that price to be below $600 by tomorrow morning... OR ELSE!! :D
 
RickyJ said:
One thing is for sure, a currency it is not at the moment. Find a tangible investment is my advice.
Click to expand...

Learn to trade, provide liquidity to bullish liberty vehicles is my advice.


Bitcoin is becoming.

You cannot expect any commodity which is gaining value in 10X increments annually to remain stable to within 20% on the day.
 
Is there a tutorial somewhere that explains better how to understand the charts?

also why do you watch the Huobi and the as opposed to any of the others?

I only have .1btc and right now that is just barely breaking even (I got in late) but want to understand better how the markets work so I might invest more in the future.
 
presence said:
Learn to trade, provide liquidity to bullish liberty vehicles is my advice.


Bitcoin is becoming.

You cannot expect any commodity which is gaining value in 10X increments annually to remain stable to within 20% on the day.
Click to expand...

Learn to lose all your money on a pipe dream. Bit coin will go nowhere and is becoming a joke.

I got news for you, bitcoin is not a commodity! If you can't understand that, then you really should get out of it now.
 
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RickyJ said:
Learn to lose all your money on a pipe dream. Bit coin will go nowhere and is becoming a joke.

I got news for you, bitcoin is not a commodity! If you can't understand that, then you really should get out of it now.
Click to expand...


Banker fiat is the pipe dream my friend.

New exchanges open for bitcoin in new countries almost every day.

BTC has been growing linearly on log scale to gold since it was created.


In economics, a commodity is a marketable item produced to satisfy wants or needs.More at Wikipedia
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also:

http://bitcoininsight.com/2013/03/25/bitcoin-commodity-not-currency/

Palladium is a global commodity, that is traded freely on commodity exchanges. It has some very interesting properties that make it useful in the catalytic converters of automobiles, although it is also used in electronics, medicine, dentistry and many other applications (yes I did just lift this right off its wiki page). The point is that there are probably hundreds of people that have bought Palladium in the last 24 hours (actually they probably bought futures contracts but my point still stands). Were all of these people walking into a bad financial decision? After all there is nothing that says that Palladium should be worth the $750/oz that it is today. The answer is of course not. They bought Palladium because it has a useful purpose, and this purpose provides them with reasonable certainty that it will be worth a similar amount tomorrow. Now back to Bitcoin.
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1) I've already covered myself for all cash invested. I'm running on magic internet money now.

2) No real loss besides time is possible for me. I have much energy in the liberty movement without pay... I shamelessly will work the same for the crypto movement, which to me is just an extension.





Commodity:

I need to send a fat stash of money across the globe.

Bitcoin.

I need to keep my paper money from becoming QE3 food.

Bitcoin.

I need to make a fairly anonymous transaction with a third party I'd rather not deal in cash with.

Bitcoin.




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5 96 130 190 1m huobi, on the 15m: 55 60 65 70 this could still go either way. hedge. short trade 20% of bank.
 
UtahApocalypse said:
Is there a tutorial somewhere that explains better how to understand the charts?

also why do you watch the Huobi and the as opposed to any of the others?

I only have .1btc and right now that is just barely breaking even (I got in late) but want to understand better how the markets work so I might invest more in the future.
Click to expand...



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RickyJ said:
Learn to lose all your money on a pipe dream. Bit coin will go nowhere and is becoming a joke.

I got news for you, bitcoin is not a commodity! If you can't understand that, then you really should get out of it now.
Click to expand...
I'm tryin to see your validity here but show your charts, bro. Pres has claimed his decency and I and a few others are awaiting yours.
 
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