Quote from: MatTheCat on April 24, 2014, 04:09:11 PM

Quote from: YipYip on April 24, 2014, 01:43:49 PM

Gotta ask captain negative MatTheCat Cheesy

When will you go long bitcoin again Huh

I would certainly look to buy in sub $300 territory with a belief that a strong reversal must surely be on the cards should Bitcoin touch into the $200 range. Failing that, whenever I see an opportunity for a bit of upside and I feel comfortable enough being long Bitcoin. I was long Bitcoin just a couple of days ago, but didn't feel comfortable with it so cashed right back out.

I think I can safely say that shall never be short Bitcoin ever again cos that involves leverage and leverage fucks with the head. Shorting is also a counter-intuitive trade in that I will feel 'comfortable' about Bitcoin when my short trade is going or set to go sour and get the Bitcoin fear when my short trade is about to come good. The human subconscious has difficulty in interpreting directly degenerative events as 'positive' and vice versa. As someone who relies heavily on intuition, shorting isn't a good idea, I have found.

Dude there is some weakness in the market @ the moment and the chinese have been targeting specific markets on an tri daily basis

But to goto 300 support is really not in the realm of reading the market for where it is ...

415+ is the bottom for the current market and teh chinese willplay within this region mostly btw 450-515 adn 11-13 ltc

Please get with the smart money and any position sub 50-0 is the med-long term money marker ... pplz talking about 300 and 200 are delusional as stated previously that it is costing ~300+ to produce a BTC\LTC so aretraction beyond these points would mean a major examination of the bitcoin experiment

this is winter & lets see where we are in 2-3 months time as crypto is a movement not a commodity ..also crypto delivers a service hat can not be calculated ... after worjing in teh banking and finance sector for 10+ years the pure functionality will drive teh adoptiontion and mainstreaming of crypto

I was sitting in on meetings with the technology architects of policy of NAB (NATIONAL AUSTRALIA BANK) one of the big 4 in oz and they see that crypto is a major threat purely that it delivers on the functionality that peopel want ...just the same way that paypal does .... FYI paypal gets 45% of retail transactions in australia & that the banks hate ..hate ..hate this fact ..as this stealing business from the banks ...they can totally see that crypto will do the same thing and more .... the fact that teh australian banks especially NAB hat crypto means that we are sucefful in the addopition to teh mainstream

Do you thing a buisiness that has had this totally capitve market where they have been able to rape and pilage them for neverendi8ng fees and going to roll over to crypto and say "power to people we need this technilog" ... FUCK NO ... by the way they feel the same way towards paypal ...

all i can say is that as long as crypto provides a solution to peoples reals needs there will always bee a future ..after working if finance for 10+ years every financial transaction has a 5-15% fee associated with it

crypto liberates this buillshit ..this is why "CRYPTO IS KING AS IT DELIVERS"

so to the current bears yeah ..whatever .. i have over 250k (or all my personal wealth now invested on this soultion) i am confortablle that in he med-long term this is the way ... Cheesy