Post
Topic
Board Speculation
Re: PnF TA
by
klee
on 17/08/2015, 12:36:25 UTC
Longs closed...

Why? You opened short @ $258?
I usually don't care about fundamentals but this XT fork drama seems very dangerous to me. I prefer not to touch BTC while this is unfolding.
No I did not short it, maybe I will at 272 with a stop at 274.

Why decentralisation is key for Bitcoin by @MarkFriedenbach
https://www.reddit.com/r/Bitcoin/comments/3h7eei/greg_luke_adam_if_xt_takes_over_and_wins_the/cu53eq3

Pardon me, but this is probably pure greed behind the XT fork. From the moment that BTC laid its chance to the hands of a "chief" software engineer, that EXACT moment the aforementioned man became BTC's biggest liability. Hardfork or not, I cannot think of anything worse that this thing is done because of Gavin's stupidity (unlikely), or the even worse, somebody paid him to spread disaster. Every person has his/her price. I dare him to prove me wrong and cancel the XT fork.

Yeah... Like he cares.

Yeah, unfortunately the project seems to me compromised since the CIA meeting. If you look back my posts you will find dialogues with me and Hearn urging him to do something about anonymity feature in BTC - to put it higher in the dev todo list. How naive I was...

It was the wake up call (his stance) back then, I started realising that this project can only serve Wall Street, Silicon Valley, NASDAQ etc (big pockets). But we have Ripple for this which is far more efficient. So why bother with PoW??

Anyways, I try to trade based on TA and not lose my mind trying to find how this can succeed based on fundamentals, politics etc.

I would strongly advise anyone to avoid taking any positions until this is resolved. It only takes 1 mad whale to screw people hard (either way) and we are clearly entering an escalation phase now.

Better try making money with ETH or XMR. LTC is dangerous too, I will wait for a very strong signal in order to enter a trade...

Take care everyone.