The Litepresence Report on Cryptocurrency
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PaulConventionWV
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Interesting. I sold at ~620 before this last major sell-off. Do you think we are still in a bull market, or has the sentiment shifted?
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I think zeman's notion of pullback to 535 is quite reasonable; I was thinking 540 when I last posted.
PaulConventionWV
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It just seems odd because the pattern seemed to have been imitating that of the recovery before the last bubble pretty well, but this pullback seems bigger than anything we experienced then, in proportion. I realize things are a bit different this time, but it kind of upsets my notion of what a bull market is supposed to look like.
Sounds like this is the culprit...
http://www.coindesk.com/18-million-...sk+(CoinDesk+-+The+Voice+of+Digital+Currency)
http://www.coindesk.com/18-million-...sk+(CoinDesk+-+The+Voice+of+Digital+Currency)
PaulConventionWV
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That doesn't seem like a very bad thing. It may temporarily dilute the value, but it's certainly not a problem for bitcoin. Excited to see what happens after this pullback.
PaulConventionWV
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double post
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PaulConventionWV
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Just bounced hard off of 550. Caught it on the way up.
Guess not...
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Call me superstitious... but if you're outlook is short, never buy back in until minimum 100 hours after a 7/30 12h cross down.
Call me crazy... but my bank is in MYR, has been, and will be long looking for a 10X on the horizon.
Look at 1w logarithmic, I think ppl are freaking out too much. Glad ppl are catching the knives though. Fun.
Look at the 7/30 12 hour cross on October 2nd last year, best time to buy was immediately in that huge dump, 7/30 cross on December 7th, best time to buy back would have been right whenthe lines crossed at the bottom of the dump...
MYR is a great coin, they have an amazing team with great ideas, I hope it goes 10x, but it's emission rate is soooo high, 2.88 million coins per day, the buy pressure just has to be gigantic to sustain it's price. With that said, I mine the crap out of MYR when the difficulty gets low
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PaulConventionWV
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Nope. Props to you for that. I'm happy if I stay ahead of where I started, and I still am.
Yeah, I'm trying to get back to where I started lol. I'm almost even now to where I'd be if I had just held all the BTC I've bought over the course of the year... sigh. I think I've been learning though....
Anyway Paul, I can't respond to your message - it says your storage limit has been exceeded. Drop me a note with your email or delete some messages
PaulConventionWV
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Yeah, I'm trying to get back to where I started lol. I'm almost even now to where I'd be if I had just held all the BTC I've bought over the course of the year... sigh. I think I've been learning though....
Anyway Paul, I can't respond to your message - it says your storage limit has been exceeded. Drop me a note with your email or delete some messages
I don't remember sending you a message...?
Edit: Never mind, I see now. Just cleared out some space.
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Look at the 7/30 12 hour cross on October 2nd last year, best time to buy was immediately in that huge dump, 7/30 cross on December 7th, best time to buy back would have been right whenthe lines crossed at the bottom of the dump...
MYR is a great coin, they have an amazing team with great ideas, I hope it goes 10x, but it's emission rate is soooo high, 2.88 million coins per day, the buy pressure just has to be gigantic to sustain it's price. With that said, I mine the crap out of MYR when the difficulty gets low
Aaaand looks like maybe you were right about the 100 hours thing...
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