The Litepresence Report on Cryptocurrency
- Thread starter presence
- Start date
PaulConventionWV
Member
- Joined
- Apr 26, 2011
- Messages
- 16,041
What do you mean?
Regarding sentiment? I just mean with all those headlines lately (worst performer of 2014, blah blah). Everyone was ready for 200's and whales do a surprise reversal, heh.
I'm still gonna say 280-300 will see a reversal to 340-350 before the low 200's is found. I'm too lazy to draw but I think I can see it in the fractal as a possibility.
That would be my plan if I were laying down a limit order spread range. Or I'm an idiot. Either way we're going to find out soon.
presence
Member
- Joined
- Dec 20, 2011
- Messages
- 19,330
No way boss. Its too far gone now.
12h 30 60 90 150 MA's are all that matter now; and they're heavy on top.
Its about to get ugly like August 12th 2014.
TO DA FLO
sold $346
buying $220
Ah so you've been just hanging out for a while. For an absolute bottom, I don't disagree. But wherever this red down is on the 4h looks like an elliot wave 4...with a wave 5 still yet to be reached.
I'm just watching and placing invisible bets, heh.
squarepusher
Member
- Joined
- Nov 12, 2008
- Messages
- 4,940
I was thinking of investing into Paycoin, the price seems pretty low right now, can anyone offer advice on that?
People on Twitter are saying it is a scam. I believe 80% of it was premined by the devs (GAW Miners) for themselves. If you buy in I wouldn't expect much of a rise from its current beat-down. Lots of bagholders want out of it and are really pissed off.
Welcome to alts.
presence
Member
- Joined
- Dec 20, 2011
- Messages
- 19,330
Police Suspect Mt. Gox Inside Job – http://www.cryptoreading.com/flash-news/
champion_thedrinker
Member
- Joined
- Dec 28, 2014
- Messages
- 11
What are you guys thinking as far as the value of Bitcoin down the road? We've all seen the crazy predictions, $5,000, $10,000, what did Max Keiser say $100,000?
I bought roughly 8/10ths of one at 323 for the sole purpose of funding my sportsbook account. I transferred it to the book today, so I'm back in fiat now at a loss of about $30. Still cheaper than Western Union, and it was fun to track the daily movements.
Here's to an extended dip while I scrounge up funds to buy more. Still kicking myself for not getting in when I first heard about it on Free Talk Live and other shows.
Aside from the crazy predictions, you have to think with more adoption from retailers, sidechains and other tech, the price will end up being far north of what is today, and what it will be in the near future, no?
I bought roughly 8/10ths of one at 323 for the sole purpose of funding my sportsbook account. I transferred it to the book today, so I'm back in fiat now at a loss of about $30. Still cheaper than Western Union, and it was fun to track the daily movements.
Here's to an extended dip while I scrounge up funds to buy more. Still kicking myself for not getting in when I first heard about it on Free Talk Live and other shows.
Aside from the crazy predictions, you have to think with more adoption from retailers, sidechains and other tech, the price will end up being far north of what is today, and what it will be in the near future, no?
The Silk Road auction winner, Tim Draper, says $10k in 3 years. (That would be 2.5 years away now) I don't worry about it because I like the volatility. Bitcoin won't die. There are two types of whales.
- Whale #1 adopted Bitcoin early but doesn't really understand it and they aren't following industry news. They are exiting and will create the next generation of micro-whales by spreading coins to more hands.
- Whale #2 adopted early and is consolidating for more coins because collecting is fun. They will grab from other "Whale #1's".
The Bitcoin ecosystem is like plucking a string on one end. It is very volatile but smooths out over time. As bad as 2014 was, it still wasn't near the dewm that 2011 experienced in terms of % loss.
I'm really surprised more people aren't playing because the swings are enormous. People can make a lot of money if they follow TA. I can understand people wanting to sell because low 200's is a possibility. But if people are selling with the intent of never getting back in to scoop for more coin, I think they will be disappointed with themselves in the near future. It will be akin to people being sad that they sold so much in 2012 after that disastrous 2011. People like Draper will scoop a lot in the coming weeks, IMO.
People like to look at Bitcoin in the past 12 months and the media loves to report the negative. But if you go back 14 months Bitcoin is still up 200%. Best investment choice I've ever made.
Last edited:
PaulConventionWV
Member
- Joined
- Apr 26, 2011
- Messages
- 16,041
I think it's definitely possible that we will see the price rise throughout the rest of 2015 after a quick panic sell here. When you're actually in it, sometimes things get tense and you start to wonder if you made the right decision. It's kind of hard to explain, but usually your first guess ends up being right. My first guess was that we would tank to $240-$250 before another rise, but I started to think maybe the rise would happen sooner. Long story short, it looks like I was right the first time. Get those buy buttons ready!
PaulConventionWV
Member
- Joined
- Apr 26, 2011
- Messages
- 16,041
I'm going to agree with pres on this one and say watch $220s. Big volume, fast sell means BUY. We have not had that yet, so I am thinking about looking for a short pretty soon. We may see the crash sometime in the next week, but it's coming. After that, I highly expect it to break upward.
This chart goes off the edge of the screen, so see the whole thing and read the description here:
https://www.tradingview.com/v/TmdYGbRL/
PaulConventionWV
Member
- Joined
- Apr 26, 2011
- Messages
- 16,041
I think pres mentioned $0.80.
Similar threads
