https://www.tradingview.com/x/HGisB3Oz/
- #2,742
- Apr 4, 2014 9:18am Apr 4, 2014 9:18am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #2,743
- Apr 4, 2014 9:19am Apr 4, 2014 9:19am
{quote} Hi lady_luck, This correction seems over to me. Even with additional lows, these are good buying levels. This morning I used Localbitcoins.com for the first time and the experience left me confused with their system: I took the advert with the lowest price and made the journey to the bank. By the time I was there the seller had still not responded with his account details. He was online, but obviously not willing to sell at $425 so pretended to be unaware of the transaction. It expired and at 17h05 local time he contacted me saying "Sorry,...
I had similar experiences, usually the cash in person or online bank transfer are the best. I'd say you shouldn't expect too much from the dispute, it might take a while to be solved, and your funds being stuck, you might have better odds to loose on a new transaction than having a unfavorable outcome. Unless prices go lower, but either way if it does you could have get a better deal. So I say statistically you'd better cancel.
EDIT : Goog night and good luck KO
- #2,744
- Apr 4, 2014 10:40am Apr 4, 2014 10:40am
{quote} ...I took the advert with the lowest price and made the journey to the bank....
{quote} You are welcome. Though I am not sure how helpful this is. Seems very difficult unless you have CNY(not CNH). Do you have any friend in China?
Bitcoin & silver charts. It's taken only 4 months for bitcoin to duplicate the 4yr silver charts..... {image} {image}
{quote} Trading does that to you.{image}
{quote} Your labeling works perfect for HUOBI or BTCCHINA charts: {image} For bitstamp, I prefer the original idea about triangle, it's still a perfect triangle ending E, isn't it? Anyway, both leads to the same conclusion of a bottom right now, which is my first count. The alternative count is that this big Wave 2 still has a lot to go, either C-1 just completed, or A just completed. In which case, $200 or so is still possible.
Good morning everyone, Emptymind, I don't know if you remember, but in december we were all expecting a last wave down to 384. And even at the ATH it was uncertain if the 5th was thru or truncated. Back then Venzen said that if he saw the LTC chart he would have known. That's why I posted it yesterday, to me on the LTC chart the correction feels complete. What do you think ? As you said kingtour and KO, now it's either 560 or 280. edit : and yeah, despite all I said yesterday against triangle, bitstamp still work as (a weak) one. Getting close to...
- #2,746
- Apr 4, 2014 2:08pm Apr 4, 2014 2:08pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Bitcoin & silver charts. It's taken only 4 months for bitcoin to duplicate the 4yr silver charts..... {image} {image}
The Chonchy
- #2,747
- Apr 4, 2014 2:25pm Apr 4, 2014 2:25pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} That's totally different though. If gold miner stops mining, there will be no new gold come to the market. However, if BTC miners stop mining, the same amount of BTC will be dumped to the market as well, at 25BTC/10 minutes speed, only at a lower cost. This actually means less support when price goes down compared with gold.
How come if the stop mining gold, no gold goes into the market, and if they stop mining BTC, the same amount of BTC goes into the market, who is mining if everybody stop mining?
I though that the value of the BTC was precisely there because like gold the more gold the less price and the less gold the higher price gets, if there is less BTC out there, the price should be higher, otherwise why make it limited to 21 000 000? don't the dollar lose value when the feds print more?
sorry I thought it was going to be a quick question but I got complicated.........
The Chonchy
- #2,750
- Edited 2:56pm Apr 4, 2014 2:37pm | Edited 2:56pm
changed some labels. wave 4 taking more time than prev chart. i thot market wanted to stay inside a channel... outside channel PA still had 3 waver waves and looked to be part of 4 ;;; also sideways action is very 4
- #2,753
- Apr 4, 2014 5:54pm Apr 4, 2014 5:54pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #2,754
- Apr 4, 2014 6:03pm Apr 4, 2014 6:03pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #2,755
- Apr 4, 2014 6:04pm Apr 4, 2014 6:04pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
do people still use Bitcoin?
https://bitcointalk.org/index.php?topic=7269.0
or this guys....
https://bitcointalk.org/index.php?topic=22929.620
The Chonchy
- #2,756
- Apr 4, 2014 6:14pm Apr 4, 2014 6:14pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #2,758
- Apr 5, 2014 2:04am Apr 5, 2014 2:04am
- Joined Jul 2011 | Status: good | 4,295 Posts
maybe a dumb question, but did you click on the blue button says something like payment complete (you must click it if you're planning to pay) to lock in the price and automaticaly escrow the coins?
no i didn't do this because i was not aware that this would lift the transaction to a different level of escrow. I asked the support staff what to do about my predicament with the seller and they simply said "Cancel and find another seller" which is non-sensical because price had moved on by $20 and I was intent on the original price. If I knew I could pin the seller down by click "Confirm Payment" I would have done and he must have been sweating in anticipation of me doing that. But I took the button text at face value (click this once you've paid).
After doing some research I now know to click that button first thing and lock those funds in escrow beyond the 90mins payment window. Once the buyer does this, the seller cannot access the coins for 48 hours or longer - apparently because LB.com then use the funds (BTC) to do their own arbitrage trades! Hence, they are being hush-hush about that button and actually favor the buyer (who clicked the button) because the longer the funds are in escrow (and dispute continues) the longer LB.com have access to the advertiser's funds.
So I was unaware of this unspoken policy and now know that LB.com uses their custom "escrow" to favor the side which will pay them the most. This unspoken and dishonest practice was not obvious to me at first - maybe it is to other people - but i tend to naively take things for what it says on the tin and to do the right thing (which seems to penalize one in this world).
This is, of course, a terrific means of getting optimal market entry, but requires one to screw over the seller, since you lock their funds in escrow (give LB.com access to the seller's BTC) and then wait for price to go your direction or not. So its a moral decision whether or not to trade with this scorpion-like method that LB.com allows. I know at least one guy who deserves a sting operation though...
cryptocurrency everytime
- #2,759
- Apr 5, 2014 2:15am Apr 5, 2014 2:15am
- Joined Jul 2011 | Status: good | 4,295 Posts
{quote} Yeah. Even if the bottom is not in, I think we are in for a good retracement.. Aiming for 477 then 555.......SL at 420.....Off to bed will see what damage I have done in the morning.........Cheers. {image}
I closed a long at $455 about an hour ago, since i'm getting maxed out sell signals from my indicators across timeframes. Not sure if this might pop to a new low for the decline but i believe at least a trip to the lower tl at $440 is likely and below that a .618 retracement of the advance since $410.
BTW, i just noticed your username all in red - i remember you mentioning this abt my username before and I don't know what its about:
M15 BTC-e
cryptocurrency everytime
