The Litepresence Report on Cryptocurrency

[FSP-Rebel]

Good grief, I figured that everyone and their brother would be up in here considering the price movements lately.

 

[presence]

Honey Badger Master has moved to fiat.

We held 109 days since $380

https://discuss.tradewave.net/t/the-honey-badger-support-thread/392/546?u=litepresence

 

[presence]

 

[fatjohn]

I'm thorn. On the one hand the retreat from 3950 to 3650 yesterday seems to show that some weak hands have bought into this rally. On the other hand a 30 percent rise does not match the expectations i was having. I was thinking to hit the 700 dollar mark at least.

 

[presence]

I'm thorn. On the one hand the retreat from 3950 to 3650 yesterday seems to show that some weak hands have bought into this rally. On the other hand a 30 percent rise does not match the expectations i was having. I was thinking to hit the 700 dollar mark at least.

I don't disagree that there is more meat on this bone.

forecast re-entry given current state of the algo is about 48 hours into the future; simply too much too fast.

 

[kfarnan]

Good grief, I figured that everyone and their brother would be up in here considering the price movements lately.

Bread and circus distracts the sheep.. Turn the TV off.

 

[fatjohn]

I don't disagree that there is more meat on this bone.

forecast re-entry given current state of the algo is about 48 hours into the future; simply too much too fast.

Ah good to hear. My own algo that I am using (which almost trades on average once a day) has been long since 2989 cny three to four days ago. I am expecting it to sell any minute now if no new uptrend materializes soon.

 

[FSP-Rebel]

 

[RonPaulIsGreat]

5000.00 by July!! OMG.. So excite.

 

[Suzu]

5000.00 by July!! OMG.. So excite.

Do you mean Bitcoin? If so, why do you say this?

 

[RonPaulIsGreat]

Do you mean Bitcoin? If so, why do you say this?

Yes, Bitcoin. Why? Because I want it to be true!

 

[FSP-Rebel]

 

[FSP-Rebel]

 

[FSP-Rebel]

 

[FSP-Rebel]

 

[Suzu]

Do you attach some meaning to the above tweet and if so, what do you think it means?

 

[Suzu]

Yes, Bitcoin. Why? Because I want it to be true!

But is there any reason to expect it could actually happen?

 

[presence]

my crew is holding again

Honey Badger Master Green Dragon

[2016-05-30 15:31:00] We didn't  call your tick() function this time around, because data wasn't  received fast enough for the exchanges you selected (bitfinex). This is  usually caused by temporary problems at one of the exchanges and will  correct itself.
[2016-05-30 15:32:00] DDOS WARNING: in the past 180 minutes 25 percent missing ticks
[2016-05-30 15:32:00] Minutes of Clock Drift Algorithm/Tradewave:  0 / 80
[2016-05-30 15:32:00] Mode.....: 1.00 GREEN DRAGON (12h SMA 30>60>90)
[2016-05-30 15:32:00] Subclass.: 1.00 BUY STOPLOSS ASSETS "BEGIN GREEN DRAGON" www.youtube.com/watch?v=WlpsPG3FTKM "the sky is the limit"
[2016-05-30 15:32:00] Emailing the strategy owner: "BUY OR CRY"
[2016-05-30 15:32:00] 1464636720
[2016-05-30 15:32:00]  BUY: 0.26127718 BTC (at 540.50 USD)
[2016-05-30 15:32:00] ******** !!! BACKTEST TO CONFIRM TRADE !!! ********
[2016-05-30 15:32:00] I appreciate your generosity, BTC: 1Hixnhbeh6H2wyqWnSxfAxARMVu7tBEmME
[2016-05-30 15:32:00]  1464593520G 0R 1L :: 1.00M 1.00S 1.00N :: 0S 1464778416B :: 2 537.80  0.11 : 3 540.38 -0.66 : 30 467.05 0.77 :: 55T 482.57 : 55B 344.04 : 55S  0.40 :: R2 584.16 :: 60 461.57 0.40 : 90 458.63 0.27 : 150 446.03 0.23  :: 0O 0.82Z
[2016-05-30 15:32:00] 150C>R2>H>3>C>2>O>L>55T>30>60>90>150>55B - 30s>60s>90s>150s>0
[2016-05-30 15:32:24] [B]Order filled[/B] for 0.26127718 BTC at 540.50000000, placed at 2016-05-30 19:32:04.321655.
[2016-05-30 15:33:00] DDOS WARNING: in the past 180 minutes 25 percent missing ticks

 

[FSP-Rebel]

Do you attach some meaning to the above tweet and if so, what do you think it means?

Bitcoin is basically digital gold and is becoming a go-to asset class as capital controls and currency devaluation affect currencies around the world. Gold is kind of a stay-put commodity whereas Bitcoin can be sent (off shored) anywhere in the blink of an eye. Furthermore, the supply of Bitcoin is going to be cut in half in July, forever. There's a finite number to ever be mined into being. So, inevitably more of the gold bugs will be drawn to holding Bitcoin as economic turmoil keeps rendering itself worldwide. If just 1% of the gold holders diversify, then our current $8 bill market cap goes up at least 1000%. Lastly, the financial markets around the world are clinging to life and underwater pension plans among other things will be needing lifelines. The next 12 months will be spectacular for Bitcoin holders.

 

[Suzu]

Bitcoin is basically digital gold and is becoming a go-to asset class as capital controls and currency devaluation affect currencies around the world. Gold is kind of a stay-put commodity whereas Bitcoin can be sent (off shored) anywhere in the blink of an eye. Furthermore, the supply of Bitcoin is going to be cut in half in July, forever. There's a finite number to ever be mined into being. So, inevitably more of the gold bugs will be drawn to holding Bitcoin as economic turmoil keeps rendering itself worldwide. If just 1% of the gold holders diversify, then our current $8 bill market cap goes up at least 1000%. Lastly, the financial markets around the world are clinging to life and underwater pension plans among other things will be needing lifelines. The next 12 months will be spectacular for Bitcoin holders.

Why and how will the supply be cut in half? When this happens -- assuming it does (and I have no idea at this point why that would occur) -- will each one then double in value because of the split?

Thanks for explaining these things to me (the Dunce who only has a tiny amount of bitcoin and can't afford any more).