The Litepresence Report on Cryptocurrency

[LibertyTeeth]

Turned 500 into 638 or so then watched it dwindle to 200. Enjoy the schadenfreude. 1/2

(Then again, would be under 100 today if I hadn't finally pulled the trigger...) (And I suppose I have a 2/3 loss to show the fucking taxing authorities, if http://weissparis.com doesn't work...)

 

[presence]

 

[presence]

Honey Badger algo says btce/stamp/finex mean overbought now 1347.09; ceiling up 37.40 in past 24 hours. hodl

 

[presence]

BTCe just breached 1000 for first time in 3 years

 

[staerker]

BTC-E $1090

 

[staerker]

Coinbase severs getting a traffic, slow. Up $100 from midnight.

 

[bitman]

i think we r at the top for now. the support line that formed nicely in the last few weeks could take us places never seen before
but some time will be needed to brake the all time highs. look at the support line, if it breaks, we will not attack the new highs for a couple of months. but should catch onto the previous support line or even create a steeper one.

 

[bitman]

wau, the chinese are really going at it
i still cant believe we can shoot right through...

 

[bitman]

and down it goes

 

[bitman]

if anyone is up to catching falling knifes, i would suggest to set up buys just a little above the last support trendline.

 

[presence]

Honey Badger is still hodling

I suspect we'll erupt a wide price channel for the next 60 days looking horizontal in range 1150 to 900

looks like future holds top tier Cappuccino Grande to me

 

[presence]

We moved to fiat last night around midnight EST.

We exited under under the less profitable "Capitulation" criteria meaning tending toward long moving average cross down rather than "Overbought" which would have been triggered by excessive long moving average divergence.

 

[presence]

There is spike in 6 hour standard deviation on ltcbtc... after months of decline this would indicate accumulation is finally occurring.

Still a risky bet to buy here with price on the south side of the 50 day average....

but DO NOT short on loan... you could easily get toasted fast if the apparent accumulation continues

ltcbtc upgraded from sell to HOLD rating Jan 6th 2016

see increase in high-low range of the past 5 6h candles and accompanying volume

 

[presence]

also along the lines of foldingcoin... I've been looking into gridcoinresearch GCR

these coins are moreso tokens than true crypto coins but they're next generation "blockchain applications"

more on GCR here

http://beta.gridcoin.us/
https://cryptocointalk.com/topic/1331-new-coin-launch-announcement-grc-gridcoin/

the mission here is that instead of making it more difficult to mine coins by making some random math problem more difficult... tokens like FLDC, CURE, and GRC are awarding for hash power dedicated to scientific research; which creates positive feedback in that if you can sell this hashing power to private institutions there exists the possibility of funds for development.

I'm very bullish on this class of asset (proof of research) looking into 2017

• 
  [*=left] Gridcoin (Ticker: GRC) is a decentralized, open source math-based digital asset (cryptocurrency). It performs transactions peer-to-peer cryptographically without the need for a central issuing authority.
  [*=left] Gridcoin was the first block chain protocol that delivered a working algorithm that equally rewards and cryptographically proves solving BOINC (Berkeley Open Infrastructure for Network Computing) hosted work, which can be virtually any kind of distributed computing process (GPU/CPU/Sensor/Etc).
  [*=left] BOINC is an open-source volunteer oriented computing grid that combines the processing power of all individual users for the purposes of scientific research. It's free, and harnesses the unused clock cycles from processors and graphics cards to attempt to cure cancer/aids/ebola/malaria, map the milkyway, crack enigma codes, etc..
  [*=left] Gridcoin rewards BOINC computation using the Distributed Proof of Research (DPOR) reward mechanism, which is a combination of Proof of BOINC (POB) and Proof of Stake (POSv2).
  [*=left] Proof of Work (POW) consensus mechanisms are not utilised by the Gridcoin network, making the Gridcoin cryptocurrency network far more energy efficient than any existing POW cryptocurrencies.

​

technically, GRC meets my standard TECHNICAL altcoin entrance criteria at the moment

50 day moving average near zero slope
Recent 25/50 day bull cross
Currently on 50 day support

GRC gets a litepresence BUY rating here



compare to similar orientation found in FLDC which I'm continuing to accumulate and penny pump






I suspect the future of this technology lies in PRIVATE for profit institutions issuing "proof of research" tokens... then periodically buying the tokens back out of the market and engaging in "proof of destruction" to "artificially" increase market price, stimulate demand, and encourage distributed hashing power be dedicated to their for profit causes.

 

[presence]

we're holding bitcoin again
13.6% moar coinz short

reentered successfully under heavy ddos; tradewave was experiencing 48% missing 1m ticks

[email protected] for leases

 

[bitman]

Yes it seems the support trendline is holding
For those who were catching the falling knives, hope it paid out for you. I ended up with many new grey hair, as i was not listening to my own advice and was entering early
For the next few months i am playing along the support line. USD market is leading the market again. The chinese went crazy with emotions, braking all the rules and lines. Stamp and finex seem to be the most coolheaded players in the game at the moment, thou finex has some serious whiplashing problems. If u need to set stoplosses, maybe do it with 1Broker. Their index is a composite of, i think, five USD exchanges and hence much more stable and less prone to whiplash.

Happy trading!

 

[fatjohn]

I'm letting everything decide by my bots. I coded 3 myself and 2 rented at cryptotrader. The two i rented bombed extremely hard. Mine were awesome. Ltc bot just bought back after a 20% down leg.

LTC/BTC ratio is giving some signals of strength.

High hopes.

 

[bitman]

there is some china news, something about PBOC tightening the regulations on bitcoin or somethin? anyone did a proper research yet?

 

[presence]

there is some china news, something about PBOC tightening the regulations on bitcoin or somethin? anyone did a proper research yet?

nothing significant

most noteworthy is they told exchanges

DO NOT PROMOTE USDCNY DEVALUATION

lol

https://www.cryptocoinsnews.com/not-mention-devaluation-china-tells-bitcoin-exchanges/

China has ordered the most liquid and popular global bitcoin exchanges based in the country to refrain from any “offline promotions,” to not engage in any “fake trading,” to enact “mandatory strong KYC,” and, in a clear sign of nervousness about the country’s currency, to not mention devaluation, according to a translation.

 

[presence]

Basic python bot for Poloniex v1.0

http://pastebin.com/0kwkRZY7

data['300']['close'] is a depth 250 numpy array of 5m closing prices for PAIR