Quote from: billyjoeallen on February 14, 2016, 12:07:39 PM

Quote from: JayJuanGee on February 14, 2016, 11:30:21 AM

Quote from: billyjoeallen on February 14, 2016, 11:21:13 AM

400 held!!!!! That means I don't have to close my short...yet.

Actually watching a wall on the wall observer thread. Whoooda thunk it?

The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.

Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.

It's not over yet. Gosh, we just broke over $400 for a few minutes, and you are calling the end of $400, already? Strange.

Maybe you are right, but it seems fairly likely that we will be going into the $400s, maybe approaching $420 within a few days. I would place it at decent odds, rather than attempting to call it for sure one way or another at this point.

I am not calling it. Just observing the action. Obviously I was very wrong putting in a short in the low $380s. or maybe just early. we'll see.

My problem with shorting a commodity like bitcoin is that the price has a nasty habit of very occasionally disappearing into the stratosphere. Of course the historic bitcoin trend is a long term bullish picture and thus the price could never come back down again leaving you with potentially unlimited losses.. Shocked