BITCON... WHY its totally FLAWED

willrocks said:
Just want to say, Bitcoin has been one of the better investments I've had. I purchased at $3.20 US, and now it's over $12. I'm holding till about $40.
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1 year ago :D
 
Something, something, bubble....

1482_bubble.png
 
Yes - it looks bad on a D1 or W1 scale.

However, I watch the M3 and M15 for more time than most would consider healthy, and the buying is consistent and any sells are soaked up.

Supply and demand at its finest in a tight market. :D
 
pro$pector said:
Yes - it looks bad on a D1 or W1 scale.

However, I watch the M3 and M15 for more time than most would consider healthy, and the buying is consistent and any sells are soaked up.

Supply and demand at its finest in a tight market. :D
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You got any exit target yet?
 
Phiber said:
You got any exit target yet?
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Not really, I just trade into a larger BTC position, not keen on cash as I got enough out of April.

That being said, if it goes somewhere crazy like $1000, I'll be out I think.
 
tozak said:
RetardedMonkey said:
tozak said:
Should my LTC wallet always say "17 hours behind" ?
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No, it should be connecting to other nodes and updating the block chain
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The blockchain is progressing but its progressing so slow it's not advancing in time, should I wait a couple day to see if it catches up or wipe it and install from scratch?

Bit confused how to install from scratch though now I have encrypted the wallet as there is no longer a wallet.dat file to backup?
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Fixed, in the end needed to upgrade the BIOS firmware, something to do with the clock settings or something for sync, didn't seem to effect BTC but I guess LTC is a little different.

Glad I was able to covert a chunk of my BTC to LTC last night, I think I picked the absolute high in the BTC:LTC, oh well, maybe LTC will make another move up latter on and close the gap a little more. :)
 
Yeah I am actually thinking of using my LTC to do a bit of ratio trading at the moment, instead of just sitting there.
 
RetardedMonkey said:
Yeah I am actually thinking of using my LTC to do a bit of ratio trading at the moment, instead of just sitting there.
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It is very profitable if done well.

Makes for a great BTC hedge or short.
 
Having a look at the volumes on BTC China and Gox USD

BTC China

BTChina.png


Gox USD

BTCUSD.png


Looks like there is a bit of selling pressure ahead, especially for BTC China.
What do you guys make of it?
 
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