The Litepresence Report on Cryptocurrency

We may be down but at least we aren't cleaned out on coins like so many others. People that play leverage really like that ball torture.

Admittedly I was leveraged and had to close a position at a loss. BFX's engine gets stupid slow when this happens as it simply cannot keep up with the cascading margin calls.

Hopefully we double bottom out here in a similar pattern of the January crash.
 
[h=1]
bbc-blocks-dark.png
Bitcoin could split in debate over currency's future[/h]


Bitcoin miners are in disagreement over which software to use A row over changing the software that produces bitcoins could split the virtual currency, core developers say.
Bitcoin XT, a new version, is currently being recommended by the currency's chief scientist, Gavin Andresen.
And its developer, Mike Hearn, says its adoption essential to ensure the currency can cope with growing demand.
But some, including a large number of bitcoin miners in China, are resisting XT because of how it might affect control over the currency.
Bitcoin's blockchain - a digital ledger of all transactions made with the currency - is currently made up of 1MB blocks.
Bitcoin XT would enable these blocks to grow to 8MB.
But this would mean XT was no longer compatible with existing Bitcoin software, creating, its detractors say, two separate currencies and eroding trust in both.
Mr Hearn told the BBC the Bitcoin community's reaction to the release of the XT software at the weekend had been mixed, but there were some encouraging signs.
"We've gone from zero people running the software to 10% of the network in 72 hours, which is really good," he said
[h=2]Consensus on consensus[/h]But many are unhappy the core development team at Bitcoin is currently in disagreement over whether Bitcoin XT is right for the future of the currency.
A pool of large Chinese mining groups, for example, have said they will not adopt the software unless it is unanimously adopted by the core team.
Mr Hearn said he had decided to force the issue in order to overcome the stalemate.
"If you look at the guys working on the Bitcoin core, they talk about consensus all the time - but if you ask them what they really mean, they can't tell you," he said.
"There is no consensus about what consensus means."
Mr Hearn acknowledged, however, the reduced control developers had under XT would mean they would have to split the currency a second time if they were unhappy with future decisions.
"If we go off the rails and do things that aren't in the best interests of the community, then the solution is fork it again," he said.
Dr Vili Lehdonvirta, at the Oxford Internet Institute, said the adoption of Bitcoin XT would mean "the community has much fewer guarantees of being listened to".
"Those algorithms are made by humans and whoever writes them gets to have power over the system," he told the BBC.
Dr Lehdonvirta added increasing block size could potentially make Bitcoin less accessible.
"Downloading the whole blockchain is already such an effort that most people choose not to run Bitcoin on their computers," he said.
"This would put Bitcoin on a trajectory where that problem is exaggerated."


[h=2]http://www.bbc.com/news/technology-33974826[/h]
 
Here is the thing about XT. If this was 2012 it would've just been implemented with little fuss. Just as how multi-sig was implemented easily. Right now there are just too many stupid people panicking because nobody is explaining to them what happens to their coins. The answer is everything will be fine.

If XT eventually does take over and mine a block bigger than 1MB, the fork happens but everyones money is still fine. XT & Core share the same private and public keys. If you send on an invalid chain, the other chain will still have your amount.

You just upgrade the wallet software.

This is really such a non-issue to me. I've spoken with technical guys like Armory and they just have no concern.
 
Admittedly I was leveraged and had to close a position at a loss. BFX's engine gets stupid slow when this happens as it simply cannot keep up with the cascading margin calls.

Hopefully we double bottom out here in a similar pattern of the January crash.

fuck, sorry to hear that.

somebody at bitfinex is getting fired for this I'm sure. a guy named pgp from bitfinex is explaining shit on whaleclub. if you got screwed because of glitching, u might get something refunded. i came into the room too late to really understand what they're saying here.
 
DO NOT BELIEVE ONE WORD OUT OF PRESENCE MOUTH !!!! I warn you guys now, that he has already admitted he is a troll for paying clients. PLEASE ... disregard anything presence says. Don't experience losses many of us have suffered. Please spread it through btc-e as well. I feel as though there is a rapist in my home, and it is presence.

Disregard and ignore anything presence aka litepresence has to say. He will screw you in a heartbeat .... He will steal from you, your mamma, your children ... He is out for litepresence only. A Troll.
 
Happy hour for coinage, glad I didn't buy silver with my wad the other day and saved it for good times up in here.
 
fuck, sorry to hear that.

somebody at bitfinex is getting fired for this I'm sure. a guy named pgp from bitfinex is explaining shit on whaleclub. if you got screwed because of glitching, u might get something refunded. i came into the room too late to really understand what they're saying here.

TBH I had a more difficult time closing my position during the LTC flash crash. Their engine is simply too slow and balances show up funky while it struggles to keep up with the volume--definitely some bugs in there. I managed to transfer all of my coins out and the system still showed me with a negative dollar balance. Crazy. I might try OKcoin as the have a more sophisticated stop orders (basically a trigger price for a limit order) and a neat iceberg TWAP system. Plus you don't have to keep so many coins on exchange to trade a large position.
 
DO NOT BELIEVE ONE WORD OUT OF PRESENCE MOUTH !!!! I warn you guys now, that he has already admitted he is a troll for paying clients. PLEASE ... disregard anything presence says. Don't experience losses many of us have suffered. Please spread it through btc-e as well. I feel as though there is a rapist in my home, and it is presence.

Disregard and ignore anything presence aka litepresence has to say. He will screw you in a heartbeat .... He will steal from you, your mamma, your children ... He is out for litepresence only. A Troll.

Didn't he just come on here the other day warning us in big scary letters about the fork, people complained that he was scare mongering then BBC published the story and it crashed?

I kinda wish I'd sold some of my coin, I could buy it back cheaper now.
 
Didn't he just come on here the other day warning us in big scary letters about the fork, people complained that he was scare mongering then BBC published the story and it crashed?

I kinda wish I'd sold some of my coin, I could buy it back cheaper now.
 
BUY



30kd728.jpg



Honeybadger Marketplace master bought in overnight at finex:


at 235.49 USD

Code:
[2015-08-18 22:24:00] Snake Bite - Sleep 60 ticks - 252.17 3
[2015-08-18 23:24:00] 0 MOP BLOOD SHORT 251.27 (3)
[2015-08-18 23:24:00] Approaching Subclass 5.3
[2015-08-18 23:24:00] ~~~~~ Bloody Waterfalls ~~~~~
[2015-08-18 23:24:00] Consult Baron Rothschild
[2015-08-18 23:24:00] Honey Badger Don`t Give a Shit!
[2015-08-18 23:24:00] Trades: 12 Day: 6.3 Freq: 0.5 Price: 234.70
[2015-08-18 23:24:00] USD: 71.1 / 71.1 / 71.1 0.0 ROI
[2015-08-18 23:24:00] BTC: 0.3 / 0.0 / 0.3 14.7 ROI
[2015-08-18 23:24:00] ************************************************************
[2015-08-18 23:24:00]  BUY: 0.30184954 BTC (at 235.49 USD)
[2015-08-18 23:24:00] Emailing the strategy owner: "BUY OR CRY"
[2015-08-18 23:24:00] 
[2015-08-18 23:24:00] I appreciate your generosity:
[2015-08-18 23:24:00] BTC: 1Hixnhbeh6H2wyqWnSxfAxARMVu7tBEmME
[2015-08-18 23:24:00] 
[2015-08-18 23:24:00] Honey Badger Don`t Give a Shit!

My slave at btce picked up the signal at a slightly better price at btce just after midnight.

at 227.275 USD

Code:
[2015-08-19 00:39:00] green_dragon.: 0
[2015-08-19 00:39:00] red_dragon...: 0
[2015-08-19 00:39:00] overbought...: 0
[2015-08-19 00:39:00] last_dragon..: 0
[2015-08-19 00:39:00] mode.........: 3
[2015-08-19 00:39:00] subclass.....: 5.3
[2015-08-19 00:39:00] panic_sell...: 59
[2015-08-19 00:39:00] panic_buy....: 0
[2015-08-19 00:39:00] panic_blood..: 1
[2015-08-19 00:39:00] panic_mode...: 0
[2015-08-19 00:39:00] panic_think..: 12
[2015-08-19 00:39:00] Approaching Subclass 5.3
[2015-08-19 00:39:00] ~~~~~ Bloody Waterfalls ~~~~~
[2015-08-19 00:39:00] Consult Baron Rothschild
[2015-08-19 00:39:00] Honey Badger Don`t Give a Shit!
[2015-08-19 00:39:00] Trades: 6 Day: 5.6 Freq: 0.9 Price: 225.91
[2015-08-19 00:39:00] USD: 65.7 / 65.7 / 65.7 0.0 ROI
[2015-08-19 00:39:00] BTC: 0.3 / 0.0 / 0.3 15.1 ROI
[2015-08-19 00:39:00] ************************************************************
[2015-08-19 00:39:00]  BUY: 0.28922121 BTC (at 227.275 USD)
[2015-08-19 00:39:00] Emailing the strategy owner: "BUY OR CRY"
[2015-08-19 00:39:00] 
[2015-08-19 00:39:00] I appreciate your generosity:
[2015-08-19 00:39:00] BTC: 1Hixnhbeh6H2wyqWnSxfAxARMVu7tBEmME
[2015-08-19 00:39:00] 
[2015-08-19 00:39:00] Honey Badger Don`t Give a Shit!




The signal appears good to go again.


I updated ROI Actual since LIVE; until I hear back from people I'm counting the trade at $231:


off the $279 Sell last week, that's a lot of subscribers with 20% moar coinz short :D

https://tradewave.net/strategy/BnplZAgHKS/editor

Code:
[2015-08-18 13:00:00] start date: 2014-12-10 05:00:00
[2015-08-18 13:00:00] start BTC value: 1.00
[2015-08-18 13:00:00] start USD value: 346.00
[2015-08-18 13:00:00] end BTC value: 1.97
[2015-08-18 13:00:00] end USD value: 489.59
[2015-08-18 13:00:00] trades 18
[2015-08-18 13:00:00] days 252.00
[2015-08-18 13:00:00] frequency 14.00 days/trade


[2015-08-18 13:00:00] ROI_assets 1.97X
[2015-08-18 13:00:00] ROI_currency 1.42X


[2015-08-18 13:00:00] ROI_BNH 0.72X
[2015-08-18 13:00:00] ELAPSED TIME: 7.2 sec
[2015-08-18 13:00:00] MAX DD......: -23.45 pct
[2015-08-18 13:00:00] MAX BNH DD..: -47.31 pct
[2015-08-18 13:00:00] >> [B]Starting portfolio:[/B]
[2015-08-18 13:00:00] >> [1.00 BTC]
[2015-08-18 13:00:00] >> [B]Closing portfolio:[/B]
[2015-08-18 13:00:00] >> [0.00000109 USD, 1.96639516 BTC]
[2015-08-18 13:00:00] >> [B]Profit:[/B] 143.59306803 USD (estimated)

2rnzzwn.jpg





DO NOT BELIEVE ONE WORD OUT OF PRESENCE MOUTH !!!! I warn you guys now, that he has already admitted


he is a troll for paying clients.


PLEASE ... disregard anything presence says. Don't experience losses many of us have suffered. Please spread it through btc-e as well. I feel as though there is a rapist in my home, and it is presence.

Disregard and ignore anything presence aka litepresence has to say. He will screw you in a heartbeat .... He will steal from you,

your mamma
,

your children ... He is out for litepresence only. A Troll.



$225 BTCe / $232.5 Finex Last


2ywsjfl.jpg



Since 12/10/14:
ROI assets 1.97X
ROI currency 1.42X



Past two trades represent 20% cash gain, then 20% coin gain back to back.



Dat's nastier than your mamma
 
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Didn't he just come on here the other day warning us in big scary letters about the fork, people complained that he was scare mongering then BBC published the story and it crashed?

I kinda wish I'd sold some of my coin, I could buy it back cheaper now.

While XT panic may have played a part, yesterday was mostly because of a bitfinex glitch. The other exchanges started following until they decided not to.
 
12h is a tight consolidation. Time to watch closely. I'm holding some LTC at the moment.

No call.

There's one guy or a group that continuously has about 6000-7000 ltc's on BTC-e at 0.01515-0.0152. This is right below where the trendline is. It was the same guy or group that pushed the price through the trendline back to 0.01499. Whoever he is it looks to me that he tries to crash LTC.
 
While XT panic may have played a part, yesterday was mostly because of a bitfinex glitch. The other exchanges started following until they decided not to.

Yeah there was a removal of support walls followed by a big $3 million short... when he covers...

edit: according to bitfinex data, it looks like he covered into the margin cascade. Same person/group controlling those walls has built a huge position and just made a boatload of USD.
 
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Yeah there was a removal of support walls followed by a big $3 million short... when he covers...

edit: according to bitfinex data, it looks like he covered into the margin cascade. Same person/group controlling those walls has built a huge position and just made a boatload of USD.

Whoever that is will probably use it to pump again sometime.

Here is bitfinex explaining stuff yesterday...
https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash
 
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