The Litepresence Report on Cryptocurrency

[PaulConventionWV]

You can make your coinbase account instant by meeting enough criteria. I was actually asking how secure you think it is to leave money in BTC-e.

I'm no expert on the subject, but I prefer not to leave money on any exchange for too long.

 

[XTreat]

I'm no expert on the subject, but I prefer not to leave money on any exchange for too long.

Yeah but it cost to make the extra transfers, I guess it risk/reward like everything else.

 

[PaulConventionWV]

Yeah but it cost to make the extra transfers, I guess it risk/reward like everything else.

Yeah. It doesn't cost much. You just have to factor that into the risk/reward like you said and make sure you cover the spread when cashing out.

 

[Dianne]

So, should we be buying or selling?

 

[lotsOfCake]

every time i see a long long uptrend then a sharp fall. like btc right now. i think of this:
http://www.youtube.com/watch?v=AOOs8MaR1YM

 

[lotsOfCake]

it passed. huobi seems bullish around this time of day.

 

[presence]

ok... charts incoming... but

WTF????




We have have breached all forms of reasonable resistance during post bubble, post despair consolidation to the mean.

The only reasonable place for the chart to head from here is the ever elusive "double top"

 

[presence]

 

[presence]

In the above image we see a breech of linear resistance during post despair consolidation.


This is what happened to the S&P 500 when it did the same in 2006:

 

[presence]

 

[XTreat]

I stayed in BTC overnight, glad I did, what happens after the double top?

 

[PaulConventionWV]

Wow. Figures I would cash out before a freaking double top. It has to return to the mean sometime, but I would have had a lot more to play with if I had waited...

 

[muh_roads]

Wow. Figures I would cash out before a freaking double top. It has to return to the mean sometime, but I would have had a lot more to play with if I had waited...

If more good news keeps coming out though, cashing out might have been a really bad idea if we're heading to a new paradigm already with a new bottom support levels.

For some reason I feel the train leaving the station again.

 

[dannno]

Wow. Figures I would cash out before a freaking double top. It has to return to the mean sometime, but I would have had a lot more to play with if I had waited...

That's why I only fuck around with a small percentage of my investment.. I'm in it for the long haul, though I don't mind providing some liquidity here and selling when it's overvalued there if it increases my overall investment, or for entertainment purposes.

 

[lotsOfCake]

just watched a sell wall of over 5000 ltc being eaten up at 26.3.
davidpate probably.
Volume 100000. Hoping it breaks through. when LTC flies it tends to fly real far.

Disclaimer: i have absolutely no idea what will happen next. :1

 

[PaulConventionWV]

Somebody tell me this is going back down.

 

[muh_roads]

Somebody tell me this is going back down.

Yes. it'll drop back down to $2500 after reaching $10K

This market can't be predicted. Bitcoin honey badger don't give a shit.

 

[presence]

Somebody tell me this is going back down.

IT WILL GO BACK DOWN!!!!

Chart incoming....



BUY 820

 

[presence]

This image might go off the edge of your page... please "right click view image"

 

[PaulConventionWV]

This image might go off the edge of your page... please "right click view image"

You think it's going to go way down after the last 950 peak? If so, I might just wait until this is over and buy even lower. I don't like to day-trade with cash. I only do long-term swings.

Also, if I bought at 820, that would be higher than I sold at, so I'm a little squeamish.