Quote from: RocketSingh on July 15, 2015, 10:14:39 AM

Quote from: klee on July 15, 2015, 08:49:35 AM

Quote from: TPTB_need_war on July 15, 2015, 08:13:01 AM

We may get another bounce up for a double-top at $320 ($315 realizable trade)?

By borrowing BTC and selling on bitfinex. The leverage you can get is dependent on how much % over your selling price you want to hold a reserve to prevent a margin call.

I almost did it, but decided I have better upside in what I am working on. So it wasn't worth the risk to me (not only unexpected volatility to the upside, also bitfinex solvency or the market price moving faster than bitfinex can execute margin calls), but in your case depending how desperate you are, it might be worth the risk if we bounce up again before declining.

I am fairly certain we will decline, but I can't be sure we won't see prices above $320 and below $400 before going down. Above $400, I would declare myself incorrect and eat the losses.

Some people said you can trade on bitfinex and even sell for $usd without doing KYC as long as you don't withdraw fiat. I didn't want to risk that, because it appears it is a discretionary policy.

True.

Possible. IMO after 320 we will test 450-475 - this is the last test.. If we break 500$ the train has left for good for new ATH. So maybe we need to visit this price before a possible new bear market to double digits.

Do you have an expected time frame to break through 500 ?

Not based on PnF but on my own instinct, I would expect things to escalate quickly if we break 320.
I would not be surprised if this take min 2-3 days and up to 2-3 weeks.

But this is wild ass speculation Tongue