• Silk Road - Your Local Drug Dealer Is Now a Computer
    1,278 replies, posted
[QUOTE=brianosaur;44825560]So whats up with this bitcoin price. Are we going to the moon yet?[/QUOTE] This would be the proverbial calm before the storm. [t]http://i.imgur.com/yah30Jb.png[/t] The purple line is the short-term resistance which, in another Bitcoin feat of mathematical/psychological perfection, seems to have a coinciding end-point with the long-term (2013) support line (red), at the first green mid-term resistance line that has been the major driver the bear market ever since the bubble pop. If the purple line is broken it would confirm a short-term bullish scenario, which would most likely carry enough momentum to break the green lines, turning it into a long one, possibly even going as far as daily SMA200 (currently at $624). If SMA200 is broken, the bull-market is (at least for me) confirmed 100% and we're off to the moon from there. [t]http://i.imgur.com/qMEMPAp.png[/t] If, on the other hand, the red line is broken, the self-similar bear cycle scenario would be confirmed, taking us to a local bottom of either $330-ish or $260, which would probably be followed by yet another bear cycle taking us to my projected $160~ real bottom (possibly with [I]another [/I]cycle and stop in-between). Frankly, anything can happen now. But whichever way the market resolves, extreme volatility (and plenty of trading opportunities) are sure to follow!
[QUOTE=Mindtwistah;44834072]This would be the proverbial calm before the storm. [t]http://i.imgur.com/yah30Jb.png[/t] The purple line is the short-term resistance which, in another Bitcoin feat of mathematical/psychological perfection, seems to have a coinciding end-point with the long-term (2013) support line (red), at the first green mid-term resistance line that has been the major driver the bear market ever since the bubble pop. If the purple line is broken it would confirm a short-term bullish scenario, which would most likely carry enough momentum to break the green lines, turning it into a long one, possibly even going as far as daily SMA200 (currently at $624). If SMA200 is broken, the bull-market is (at least for me) confirmed 100% and we're off to the moon from there. [t]http://i.imgur.com/qMEMPAp.png[/t] If, on the other hand, the red line is broken, the self-similar bear cycle scenario would be confirmed, taking us to a local bottom of either $330-ish or $260, which would probably be followed by yet another bear cycle taking us to my projected $160~ real bottom (possibly with [I]another [/I]cycle and stop in-between). Frankly, anything can happen now. But whichever way the market resolves, extreme volatility (and plenty of trading opportunities) are sure to follow![/QUOTE] Should I sell my btc before it goes down :v:? I dont feel safe right now haha.
[QUOTE=Amic;44834761]Should I sell my btc before it goes down :v:? I dont feel safe right now haha.[/QUOTE] In your position, I would wait for a breakthrough of the red support line (with volume, as to confirm it being an actual breakthrough and not a false one) before selling. Otherwise, indicators do seem to paint a rather bullish picture, and you wouldn't want to go short right before a price spike. The support line is currently at $442, closing (hitting the green line) at $449. But again, anything can happen, now especially. Personally I'm all in fiat, waiting for confirmation on either direction before commencing trading. Better safe than sorry :)
[QUOTE=Mindtwistah;44835184]In your position, I would wait for a breakthrough of the red support line (with volume, as to confirm it being an actual breakthrough and not a false one) before selling. Otherwise, indicators do seem to paint a rather bullish picture, and you wouldn't want to go short right before a price spike. The support line is currently at $442, closing (hitting the green line) at $449. But again, anything can happen, now especially. Personally I'm all in fiat, waiting for confirmation on either direction before commencing trading. Better safe than sorry :)[/QUOTE] So, we either go down to ground, and then i should sell asap when it happens, or we go up to the moon and i should wait til' the price is up? Okay :v:.
so essentially either the BTC rocket launches successfully or the engines blow up on the pad
When should I invest cause I wanna make a quick buck
[QUOTE=The Advisor;44848443]When should I invest cause I wanna make a quick buck[/QUOTE] three years ago
[QUOTE=Zanpa;44849623]three years ago[/QUOTE] brb building time machine
We have lift-off :) [t]http://i.imgur.com/J9cJ2YA.png[/t] Top target ($500~) was reached as planned, though [I]far [/I]quicker than planned :v: Next target is $600~ (based on SMA200 + fractal ratio analysis + fibonacci-derived analysis). The only question is whether this is the bullish wave B of C, or a true trend reversal. So far, even though Elliott Wave analysis doesn't provide a clear answer for either, I'm more inclined to believe in the latter. If this is Wave B it would be extremely bearish, as Wave C would mean yet another 6-month leg down to $160, and that would be an even worse scenario than 2011. Completely unprecedented in BTC history, in other words, and currently not making any sense as Wall Street has gotten more interested the past few months, and I fully expect the next bubble to be triggered by them, or in anticipation for them (similar to the China situation). For now it all hangs on whether we break SMA200 or not. I'm pretty certain it will though (with a healthy retrace and some consolidation first). If it does then, as I mentioned previously, next stop is the moon.
Yay that $10 is worth $11.24 now, what a profit
So my $230 is now worth $260 :v:
bought at $455, so I'm up almost $100 per BTC on this investment. The price just hit 540
[QUOTE=brianosaur;44882168]bought at $455, so I'm up almost $100 per BTC on this investment. The price just hit 540[/QUOTE] Ye, i bough at 490, half a bitcoin :v:. Still glad that i did, HOPEFULLY it will go up to 700 but i don't know if thats going to happen haha.
fuck i wish i had cash to invest like I did when mtgox finally died. Made an easy 100$ off of the price jump after that.
Is there a new equivalent to silk road that is reliable? Or is this thread just for people who came for the drugs, and got addicted to the bitcoins.
Yes there is... There's agora market, which I recommend. marketplace - [url]http://agorahooawayyfoe.onion[/url] forums - [url]http://lacbzxobeprssrfx.onion[/url] Then there's SR 2.0, which has no escrow and the price of 1 bitcoin is valued several dollars under bitstamp market price.. so its kinda stupid to use. forums - [url]www.silkroad5v7dywlc.onion[/url] market - [url]www.silkroad6ownowfk.onion[/url]
also cannabisroad, blue sky, evolution, cloud 9, the magestic garden...
[QUOTE=Zanpa;44894767]also cannabisroad, blue sky, evolution, cloud 9, the magestic garden...[/QUOTE] vouch for magestic garden, probably the most legit place on tor for psychedelics.
[QUOTE=de;44895034]vouch for magestic garden, probably the most legit place on tor for psychedelics.[/QUOTE] No escrow though. But yeah the vendors are all very reputable and verified.
[QUOTE=de;44895034]vouch for magestic garden, probably the most legit place on tor for psychedelics.[/QUOTE] Really? I'll have to check it out. I've been using Agora as my one stop shop but i guess it can't hurt to shop around.
[QUOTE=The Aussie;44896516]Really? I'll have to check it out. I've been using Agora as my one stop shop but i guess it can't hurt to shop around.[/QUOTE] the thing about magestic garden is that it's more like a craig'slist and less like a market. The sellers post up ads, you contact them, and settle out a deal from there. Usually this means cheaper prices and easier transactions since no escrow or fines to deal with.
And also a craigslist where only people who have been verified as good sellers can post an ad. Which mitigates the issue of escrow.
[QUOTE=cis.joshb;44892341] Or is this thread just for people who came for the drugs, and got addicted to the bitcoins.[/QUOTE] Woah. That was deep
[QUOTE=cody8295;44899478]Woah. That was deep[/QUOTE] Post in question gave me a woah moment too.
Update from the Bitcoin addict: Rising wedge pattern (bearish) in formation on Bitstamp, and daily RSI is in overbought territory, so a significant price drop could be imminent. Looks like price probably won't be breaking SMA200 any time soon, so now (or a few dollars higher) [I]might[/I] be a good time to sell, at least short-term (unless the red support line in the chart below is broken, which would confirm the ultra-bearish scenario of this being Wave B out of C, in which case it would be long-term :v:) [t]http://i.imgur.com/0oEGFKI.png[/t] But then again I might be wrong and we might shoot up anyway, because Bitcoin. Just a heads-up to people here who currently hold. [editline]26th May 2014[/editline] Actually, disregard that (possibly). Looking at Huobi (which upon closer inspection seems to be the main leader of the current bullrun) things look far more bullish, and there is no wedge formation but rather price is going up in a stable price channel. The exchange ecosystem sure complicates things. Interested to see how it plays out, and if bullish Huobi can drag Bearstamp along with it, technical indicators notwithstanding.
Whats the best market for the UK?
And btc went down lately :v:
I think its cuz some guy market sold 2500 bitcoins, from what i read It looks like its slowly getting back up to where it was
Welp It's down right now right when I had a bad shipment and needed areorder Lucky me Atleast he has my address..
And we're past 600 usd!
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