[JayJuanGee]

(05-04-2019 11:09 PM)Swordfish1010 Wrote:  

Just bought a Bitfi hardware wallet, it is legit.

Never heard of it. Why would you potentially put your coins into jeopardy with some unknown, and especially, when you are asking us.

Why don't you provide some information about your choice and if you looked at options? If you are technical that is one thing, but if not, why not go with a reputable name like Trezor or Ledger? I prefer Trezor myself. Once you get used to the reputable ones, then maybe you could venture out, after you become a bit more familiar.

[Swordfish1010]

(05-05-2019 01:34 AM)JayJuanGee Wrote:  

(05-04-2019 11:09 PM)Swordfish1010 Wrote:  

Just bought a Bitfi hardware wallet, it is legit.

Never heard of it. Why would you potentially put your coins into jeopardy with some unknown, and especially, when you are asking us.

Why don't you provide some information about your choice and if you looked at options? If you are technical that is one thing, but if not, why not go with a reputable name like Trezor or Ledger? I prefer Trezor myself. Once you get used to the reputable ones, then maybe you could venture out, after you become a bit more familiar.

I’m upgrading my ledger. The 24 word seed is too big of a risk for me.

[[email protected]]

(05-05-2019 02:26 AM)Swordfish1010 Wrote:  

(05-05-2019 01:34 AM)JayJuanGee Wrote:  

(05-04-2019 11:09 PM)Swordfish1010 Wrote:  

Just bought a Bitfi hardware wallet, it is legit.

Never heard of it. Why would you potentially put your coins into jeopardy with some unknown, and especially, when you are asking us.

Why don't you provide some information about your choice and if you looked at options? If you are technical that is one thing, but if not, why not go with a reputable name like Trezor or Ledger? I prefer Trezor myself. Once you get used to the reputable ones, then maybe you could venture out, after you become a bit more familiar.

I’m upgrading my ledger. The 24 word seed is too big of a risk for me.

What do you mean 24 words seed being too big a risk? I don't understand.

I have a 24 words seed and I leave it with my documents, not even a safe deposit box. I just swap the order of the words around so nobody except myself and another family member knows about it. For example I swap the first word with the 15th word and swap the 3rd word with the 20th.

Ledger nano S work on Android and iOS now with ledger live app. I never had to upgrade to Nano X.

[Swordfish1010]

(05-05-2019 07:39 AM)[email protected] Wrote:  

(05-05-2019 02:26 AM)Swordfish1010 Wrote:  

(05-05-2019 01:34 AM)JayJuanGee Wrote:  

(05-04-2019 11:09 PM)Swordfish1010 Wrote:  

Just bought a Bitfi hardware wallet, it is legit.

Never heard of it. Why would you potentially put your coins into jeopardy with some unknown, and especially, when you are asking us.

Why don't you provide some information about your choice and if you looked at options? If you are technical that is one thing, but if not, why not go with a reputable name like Trezor or Ledger? I prefer Trezor myself. Once you get used to the reputable ones, then maybe you could venture out, after you become a bit more familiar.

I’m upgrading my ledger. The 24 word seed is too big of a risk for me.

What do you mean 24 words seed being too big a risk? I don't understand.

I have a 24 words seed and I leave it with my documents, not even a safe deposit box. I just swap the order of the words around so nobody except myself and another family member knows about it. For example I swap the first word with the 15th word and swap the 3rd word with the 20th.

Ledger nano S work on Android and iOS now with ledger live app. I never had to upgrade to Nano X.

If anyone finds that 24 word seed, your bitcoin will disappear for ever. With bitfi, it has no 24 word seed, you create your own passphrase that only you know. Something that you can actually remember yourself. It also doesn’t store a private key anywhere, and uses the custom password to create it on the fly. This way there is no risk on your hardware. Substituting the order of the words is a good idea but that is viewed as a very basic form of encryption and a determined adversary can figure that out.

[Giacomo Casanova]

[JayJuanGee]

Here's a nice little topic for a tweet thread. Funny how a kind of FUD desperation kicks in.. and even some guys here seem to buy into such FUD desperation - while upwards BTC price pressures continue on....

https://twitter.com/100trillionUSD/statu...5953472514




Yes, Bitcoin is likely to experience a decent number of 30% plus corrections between now and $10k, and thereafter likely to experience another decent number of 30% plus correction between $10k and $20k and thereafter on its journey into a new ATH that is likely to be within a $50k to $350k window.

Guys have a choice to prepare for possible upwards, or wait for various 30% plus price corrections. Seems like we have seen these kinds of BTC price dynamics previously, no?

Last time around, we had now banned member Satoshi contributing to the spread of nonsense here, and thereafter worshiped banned member Armogan pumping alt coin and ICO richnesses.

[JayJuanGee]

Here's a link to a document of a nice little response from Bitfinex that seems to make a lot of decent points to reveal a certain level of "fulled-of-shitness" of the NY Attorney General.

https://iapps.courts.state.ny.us/fbem/Do...ystem=prod

Here's a sneak preview of the table of contents:

>>>>>>
INTRODUCTION ... 1
DISCUSSION ... 2
I. The Attorney General Failed to Show that the
Martin Act’s Jurisdictional Scope Covers the Respondents ................................... 2
II. The Attorney General’s Ex Parte Application Should Have Been
Governed by the Traditional Standards for a Preliminary Injunction ..................... 3
III. The April 24, 2019 Order Cannot Be Justified
Under the Traditional Preliminary Injunction Standards ........................................ 8
A. The Attorney General Will Not Succeed on the Merits .............................. 8
B. There Is No Harm, Much Less Harm that Is Ongoing or Irreparable ....... 10
C. The Balance of the Equities Favors Bitfinex and Tether .......................... 11
IV. A Preliminary Injunction Is Not “Proper and Expedient” .................................... 12
CONCLUSION ... 13<<<<<<

[godfather dust]

JJG I was actually prepared to buy back in before the Bitfinex fiasco, but I'm starting to think you are right it doesn't matter, I'm still going to give it a couple of weeks.

[JayJuanGee]

(05-06-2019 11:06 AM)godfather dust Wrote:  

JJG I was actually prepared to buy back in before the Bitfinex fiasco, but I'm starting to think you are right it doesn't matter, I'm still going to give it a couple of weeks.

I might talk some BIG bullish talk because overall I continue to be bullish about bitcoin, but in the end, I have no meaningful clue about short-term BTC price direction - even while I get gleeful about patterns of upwards price pressures and the continued phenomenon of bitcoin going into a kind of punishment mode towards people who either seem to put too much weight on seemingly negative news and also don't sufficiently prepare for UP.

Historically, lots of peeps have gotten left behind in their anticipation that the BTC price is going to go down or experience a meaningful correction at some point to make up for their NOT getting in.

[JayJuanGee]

Here's an interesting tweet asserting that 22% of institutional investors have some exposure to "digital asset," and I surely question the accuracy of that assertion.

There are a lot of other interesting points made in the tweet about the Fidelity news release.

https://twitter.com/TuurDemeester/status...7407470592

[MrLemon]

Supposedly Fidelity is introducing a full bitcoin trading desk to their investors in a few weeks from now. Fidelity is probably the biggest 401k and IRA custodian for corporate and retail clients. If they allow bitcoin trading, then wow.

[[email protected]]

Right now half the people think it's a coin flip that BTC will go to either 4200 or 6200 first. I think it's the latter is happening. Fundamentals like Fidelity are strong. From the TA perspective, the chart looks like a text book bump-and-run:

https://images.app.goo.gl/gXNBDJApQyxTxwLq9

Also the Bitcoin shorts that are currently overwhelming the longs might close and raise the price bigly:

https://bullbearanalyzer.com/lschecker/

[Giacomo Casanova]

There is a possibility that investors have learned from the past and will anticipate the halving. In this case we might see new ATH already by the end of the year, since the fundamentals are way better than 4 years ago.
Fidelity is on...
Bakkt will simply lose the train if they don't get quickly their stuff approved.

[fiasco360]

(05-06-2019 06:50 PM)[email protected] Wrote:  

Right now half the people think it's a coin flip that BTC will go to either 4200 or 6200 first. I think it's the latter is happening. Fundamentals like Fidelity are strong. From the TA perspective, the chart looks like a text book bump-and-run:

https://images.app.goo.gl/gXNBDJApQyxTxwLq9

Also the Bitcoin shorts that are currently overwhelming the longs might close and raise the price bigly:

https://bullbearanalyzer.com/lschecker/

I took a risky short position that didn't pay off. I was expecting the short dip before the take off but it didn't happen.

Still relatively new to technical analysis though but for now I'm going to keep acquiring more crypto. I need to tighten up my positions a little more and figure out the best buy and sell spots.

If anyone has added resources for me to look at I'm all ears. I follow a few people on telegram and I try to get reading time/chart time in daily.

[[email protected]]

(05-07-2019 03:54 AM)fiasco360 Wrote:  

(05-06-2019 06:50 PM)[email protected] Wrote:  

Right now half the people think it's a coin flip that BTC will go to either 4200 or 6200 first. I think it's the latter is happening. Fundamentals like Fidelity are strong. From the TA perspective, the chart looks like a text book bump-and-run:

https://images.app.goo.gl/gXNBDJApQyxTxwLq9

Also the Bitcoin shorts that are currently overwhelming the longs might close and raise the price bigly:

https://bullbearanalyzer.com/lschecker/

I took a risky short position that didn't pay off. I was expecting the short dip before the take off but it didn't happen.

Still relatively new to technical analysis though but for now I'm going to keep acquiring more crypto. I need to tighten up my positions a little more and figure out the best buy and sell spots.

If anyone has added resources for me to look at I'm all ears. I follow a few people on telegram and I try to get reading time/chart time in daily.

The Moon, Davincij15/mmcrypto, Alessio Rastani are the most solid people on youtube. Between these three you have everything you need to build a foundation for TA.

[Pinocchio]

TheChartGuys

[MrLemon]

6k

[JayJuanGee]

(05-09-2019 12:18 AM)MrLemon Wrote:  

6k

Well, yes. $6k seems to be nice, so far.

We are continuing to experience decent ongoing upwards price pressures, but still uncertainties regarding how long the price will keep going up.

Personally, even though we have experienced $6k as a kind of floor for quite a while, prior to mid-November, I still believe that price will likely need to go up quite a bit more, before $6k will become a solid floor again.

[longshots]

what are you guys thinking of holding alts during this run? I hold a pretty large stack of VET and believe its massively undervalued at the moment however it seems like btc is gaining dominance with each day.

Makes me wonder if I should exchange my vet for btc and then get in to vet after btc stabilizes ?

[JayJuanGee]

Here's a nice little explanation about what is going on...

Bear tears are contributing to the fueling of upwards BTC price pressures and movement...

https://www.tradingview.com/chart/BTCUSD...cord-lows/

As soon as people become generally more optimistic about BTC's price going up, then at that point, we may be ready for our 30% plus price correction.

HODLers can laugh all the way to the bank with this one.

[[email protected]]

(05-09-2019 05:16 AM)longshots Wrote:  

what are you guys thinking of holding alts during this run? I hold a pretty large stack of VET and believe its massively undervalued at the moment however it seems like btc is gaining dominance with each day.

Makes me wonder if I should exchange my vet for btc and then get in to vet after btc stabilizes ?

VET will moon in the bull market. I'd just hold your position until the retail investors come in. Trying to time the market like you mentioned is extremely hard. BTC always goes first and alts after. Just make sure to sell alts when you reach your target price.

[Giacomo Casanova]

I agree, VET at the moment is ATL in satoshi terms, so it's probably the worst moment to sell at the bottom.

[Jaydublin]

seems like the first time we hit 6k there was a hell of a lot more buzz around bitcoin.

[JayJuanGee]

(05-09-2019 04:51 PM)Jaydublin Wrote:  

seems like the first time we hit 6k there was a hell of a lot more buzz around bitcoin.

Of course the BTC price dynamics were different when we first surpassed $6k in October 2017. That was two years of a bull market, and just after the BCH hardfork had largely shown as a failure.

This time, we are returning to a price that was thought to have been support in November 2018.. but failed, and there remains a bit of negativism regarding whether this price can be sustained - that is why shorts seem to outnumber longs by such a great degree - even while those shorts may well get r3ckt pretty badly - because the prevailing thoughts continue to be that a correction is due and a correction is imminent... and even though there are prevailing thoughts of DOWN, bitcoin does not necessarily follow prevailing thoughts. Let's see. Let's see.

These kinds of dynamics of ongoing r3ckt shorts do have some familiarity (and good feelings), for me... even though I have no idea for how long the r3cking of shorts will continue.

[Trumpian]

https://cointelegraph.com/news/nobel-pri...own-crypto

Somebody is upset they're losing their monopoly on money.