The Bitcoin Thread

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If u want a stable coin for investement look to BTC and LTC. If you want to have some fun trading and seeing if u can make a profit then go for alt coins and trade them on the exchanges.

I bought some Mooncoin when they were at 100 Satoshi. they shot up to 300 which tripled my money. It then fell back to way under 200. I got out just in time with a little bit of profit. Seems to be the way these alt coins work. They linger, then explode then they die down. Same happened with Doge
 
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koeksGHT said:
The price only seems to rise compare to ZAR :P

I'm hoping these doge coins will boost more so can trade for more btc
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Last week of Doge mining for me, then back to LTC and FTC. Waiting for the difficulty to go down a bit on those two since everyone is mining Doge now of late :D

rakabos3 said:
If u want a stable coin for investement look to BTC and LTC. If you want to have some fun trading and seeing if u can make a profit then go for alt coins and trade them on the exchanges.

I bought some Mooncoin when they were at 100 Satoshi. they shot up to 300 which tripled my money. It then fell back to way under 200. I got out just in time with a little bit of profit. Seems to be the way these alt coins work. The linger, then explode then they die down. Same happened with Doge
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Agree to a point, Doge seems to be doing a little better all in all. Rises rapidly and falls a bit. Rises again and falls again.
 
rakabos3 said:
Its actually $818, but yeah point stands
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Mt. Gox: $980
BitX: R9750 - R12000
LocalBitcoins: R9600 - R11300
Ice3x: R9600


If you can honestly get your hands on them for $818 from within RSA why don't you pull of some arbitrage and become rich?
 
And so the fun begins...

bc3.PNG


Price was finding support on the upper senkou (red circles), but has broken through and there is now nothing underneath it for support.

Where will it stop :)?
 
agentrfr said:
Where will it stop :)?
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Either at $0 or $100,000
Because who wouldn't cash out at $100K :D


O/T: would you mind putting a prediction in agentrfr? I think you're pretty clued up with the markets (you predicted that prev drop pretty damn well!)
Here is the thread
 
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Keeper said:
Either at $0 or $100,000
Because who wouldn't cash out at $100K :D


O/T: would you mind putting a prediction in agentrfr? I think you're pretty clued up with the markets (you predicted that prev drop pretty damn well!)
Here is the thread
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I cannot tell the future (too many variables - gives me a headache), but I can tell you what the market is thinking collectively at any point in time. At this point in time, people see there is very little support (200SMA sitting at 715, but it is normally quite flimsy when not combined with anything else) under the time, and we are waiting for someone to place a big order up or down. The first dip at 19:15 our time hasn't completed recovery, but has lost steam. If a big boy puts a large selloff in the next couple of hours, price should roll downhill. At a stretch I'd say 700 USD is a good turning point, but there is the potential to go much lower.

I will sell if it hits 760USD targeting 715. Stoploss at what price was an hour ago.
 
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Oj0 said:
Er, you're supposed to sell on the rise, not the fall. For what it's worth, MtGox is still trading at $950.
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Erm.... no. Not quite. When I say sell, I mean short the pair (i.e. swap BTC reserves for USD) and then close the trade (swap USD back for original BTC amount) and make an excess of USD. Opposite for buy (i.e. go on the long pair)

Yeesh, expect hectic arbitrage today.
 
agentrfr said:
Erm.... no. Not quite. When I say sell, I mean short the pair (i.e. swap BTC reserves for USD) and then close the trade (swap USD back for original BTC amount) and make an excess of USD. Opposite for buy (i.e. go on the long pair)

Yeesh, expect hectic arbitrage today.
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Which exchange are you using?
 
Price getting dangerously close to the 760USD mark again. If it goes under that, hold onto your hats :)
 
agentrfr said:
Price getting dangerously close to the 760USD mark again. If it goes under that, hold onto your hats :)
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I could swear you're hoping and praying that Bitcoin fails, what with the way you spread BTC doomsday messages around here. MtGox is still up at $864. Your posts seem to imply that the second it hits $760 "expect the floor to be removed" (your words for when it was sitting at over $800) and we'll be down to peanuts in a few minutes.
 
Oj0 said:
I could swear you're hoping and praying that Bitcoin fails, what with the way you spread BTC doomsday messages around here. MtGox is still up at $864. Your posts seem to imply that the second it hits $760 "expect the floor to be removed" (your words for when it was sitting at over $800) and we'll be down to peanuts in a few minutes.
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I'm waiting for it to hit 760 so I can short again. It is an important resistance level, so if it breaks then things get exciting. When things are exciting, you can make money. If it tops 860USD it would be in preferential long territory again.

It don't care whether it goes up or done, all I care about is that there is some liquidity. Most of the time you would be buying bitcoins, now is one of the rare times you shouldn't.

PS: I'm talking about prices on BTC-E, not mtgox.
 
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