The Litepresence Report on Cryptocurrency

[presence]

 

[presence]

 

[presence]

 

[SomewhereInOz]

Reddcoin Agenda?

https://www.dropbox.com/s/hj8l1aidjq652bc/Reddcoin - 18 Feb 14.jpg

Mine a bunch, reveal them slowly (30% now showing - who's going to take the time to examine the blockchain anyway?), gradual rise, develop Social Media usage, pay off IPCO investors, don't suffer the MOON/MEOW blast and then no substance burnout, don't make investors wish they never invested. Smart!

Just guessing here, but heck if it works go for it, I've got time. This is not a get rich quick scheme, this was just 10 Days mining in February 2014 when the pickings were easy and onto the next one ;-)

 

[SomewhereInOz]

https://www.dropbox.com/s/f24vf9szvpvwmdz/Gox Woes - 18 Feb 14.jpg

I think Ezra's got it pegged:

http://www.coindesk.com/mt-gox-may-headed-bankruptcy/

Clif sums up Gox's woes in his latest Wujo:

http://www.halfpasthuman.com/audio/wujo/clifswujo2142014btc.mp3

Too much growth, too ill-equiped to handle it.

The winner here? Jed McCaleb who invented the Magic: The Game Online eXchange and was smart enough 2 years ago to understand his technical backend could never handle exponential growth and ditch it and move onto bigger and better things such as Ripple.

Perhaps its time for Gox to return to trading Magic Gathering Cards.

 

[presence]

 

[amonasro]

Lively discussion on the Hedge right now:

http://www.zerohedge.com/news/2014-02-16/bitcoin-greatly-rotating-bullion

Of course they pull out the Gox chart

Anyway its always fun to read the rolling commentary.

I was reading this a bit last night. Tyler draws quite the crowd, doesn't he? I had to stop--the anger and ignorance was too palpable.

 

[SomewhereInOz]

I was reading this a bit last night. Tyler draws quite the crowd, doesn't he? I had to stop--the anger and ignorance was too palpable.

Tyler Durden? Who is Tyler Durden anyway? Just like who is Satoshi Nakamoto?

http://www.youtube.com/watch?v=JJz1wxjxbwQ

1999 film . . . end of the clip, buildings go bye bye. Nice lean on that left one don't you think? ;-)

So they are alluding to Bitcoin's rollover as attributable to Gold's sudden rise?

Perhaps it would have been more apropos to chart the Bankster Suicide tally to Golds sudden rise, don't you think?

Speaking of "Rollover", a review of this 1981 flick is always fun:

http://www.youtube.com/watch?v=GPYLJoq_40Y

No coincidence films were produced and introduced when they were. No coincidence whatsoever!

"Bullion, Grab What You Can Get! Alright let's hit it . . . . and Pray"

. . . and Gold just went over $2000 . . . by tonight that will be cheap! ;-)

 

[SomewhereInOz]

Reddcoin - 10 Satoshi's

OK gently gently Reddcoin, rise slowly from here. If you overheat, might need to sell and buy back in another day.

10 days mining now 1.25 BTC which is kinda break even. Will need to see 7-8 BTC before I get too excited.

Considering the larger IPCO investors picked them up for 2.3 - 2.5 Satoshi's each its not a bad start.

Just keep an eye on the Reddcoin website for new ideas for application/use of Reddcoins.

Today they've bumped up their CoinJokes page:

http://coinjokes.cravegig.com/

which is ok, but they are going to need a whole lot more than that to be successful in building a community around Reddcoin. This only appeals to miners and early adopters having a play.

Now get into the Facebook API, and exploit the crap out it and then we might just see that 200 Satoshi number (25 BTC) we are looking for.

Addendum:

14 Satoshi's = $2.5 Million Market Cap = 24th spot on the charts. But right now just 40th spot. A clever strategy, just might work. For should the price fall, you pump up the numbers to maintain a high viz position. In other words these guys are not just looking for a one-hit wonder, they want their coin to stick around a while and succeed.

 

[SomewhereInOz]

This is a Switch

I thought just a few months ago these banks said Gold was dead and going nowhere but down? Wasn't sub-$1000 being hinted at?

http://www.zerohedge.com/news/2014-02-17/citi-bullish-gold-silver-continue-expect-further-gains

Oh that's right Soros is now 80% long Gold and with the rest he's shorting the S&P to tune of $1.5 Billion, same same Buffett . . . aka expect a market crash!

Funny how these New World Order insiders always seem to know the precise moment when to switch eh?

Buffett = Trading Brilliance = Bull Shit!

 

[SomewhereInOz]

Another One

http://www.youtube.com/watch?v=CgEqyuTOWAc

Looks a legitimate suicide from the image. Just what is it these guys know is coming? It's gotta be pretty damned big!

V, Quayle & the Haggmanns discuss:

http://www.youtube.com/watch?v=jbdfbBwI-l0

 

[presence]

 

[SomewhereInOz]

The Clock's Ticking

Thing is, do you really want to be chasing Bitcoin/Altcoins come April, and not be suitably prepped in the PM's when all the US Dollars around the planet come flooding back home and are devalued 80% or perhaps near worthless.

That's partly why these guys are jumping, basically they know times nearly up:

https://www.dropbox.com/s/x5koiuaez8iksmg/Silver Unbound.jpg

80 Crossed:

https://www.dropbox.com/s/erjdfh8bd1sywf4/80 Crossed.jpg

70 is where we see the Cliff Dive

By my reckoning there's probably 20-25 days left to move on Silver, after that good luck finding any.

I like the first comment in this one:

http://www.zerohedge.com/news/2014-02-18/silver-has-longest-winning-streak-1968-spikes-3-month-high

$22 and change . . . pffffft, you ain't seen nothing yet!

 

[PaulConventionWV]

Thing is, do you really want to be chasing Bitcoin/Altcoins come April, and not be suitably prepped in the PM's when all the US Dollars around the planet come flooding back home and are devalued 80% or perhaps near worthless.

That's partly why these guys are jumping, basically they know times nearly up:

https://www.dropbox.com/s/x5koiuaez8iksmg/Silver Unbound.jpg

80 Crossed:

https://www.dropbox.com/s/erjdfh8bd1sywf4/80 Crossed.jpg

70 is where we see the Cliff Dive

By my reckoning there's probably 20-25 days left to move on Silver, after that good luck finding any.

If/when the dollar devalues, I would think that would positively affect BTC as well, not just PMs.

 

[PaulConventionWV]

Pres, do you think LTC/BTC is a good play right now?

 

[presence]

Pres, do you think LTC/BTC is a good play right now?

Very tough market to call on technical analysis. Potential Gox bankruptcy throws huge wrench in things.

I have a bot working PPCUSD for me.


Last April when gox took its second leg down after "purgatory" to "six feet under" LTC/BTC went to the moon at the same time. So I'm betting blue chip alts like NMC PPC LTC are better bet than BTC right now if gox goes down.

It would seem that those coins are easier to "prop up" as BTC collapses and there are major players w/ large stakes. davidpate has had 500,000 PPC buy order at 3.1 on the books for a week now.

safest non "day trading" bet is hedge right now. some combo of PPC LTC NMC 50/50 to USD.

 

[presence]

 

[PaulConventionWV]

Very tough market to call on technical analysis. Potential Gox bankruptcy throws huge wrench in things.

I have a bot working PPCUSD for me.


Last April when gox took its second leg down after "purgatory" to "six feet under" LTC/BTC went to the moon at the same time. So I'm betting blue chip alts like NMC PPC LTC are better bet than BTC right now if gox goes down.

It would seem that those coins are easier to "prop up" as BTC collapses and there are major players w/ large stakes. davidpate has had 500,000 PPC buy order at 3.1 on the books for a week now.

safest non "day trading" bet is hedge right now. some combo of PPC LTC NMC 50/50 to USD.

Do you think BTC still hasn't bottomed yet?

 

[SomewhereInOz]

Flashpoint Ukraine

Probably just another few days of this before the bullets start flying:

http://www.youtube.com/watch?v=pm3bzr61dHk

 

[SomewhereInOz]

$150 was always going to be optimistic

https://www.dropbox.com/s/eo5bgixpdmo7hpk/Doge - 19 Feb 14.jpg

Just too much resistance and too many miners.