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wanaquant
Posts: 75
Joined: May 12th, 2012, 1:19 pm

Re: End of bitcoin?

January 25th, 2017, 7:16 pm

Alan wrote:
Haha. For California, this would fly: the bitcoin energy-sufficient house. You mount the bitcoin mining rigs into a utility closet like for hvac. In the winter, the heat vents into the house, driving down the cost of the heating bills. In the summer, solar panels on the roof provide the electricity for the miners, and you vent their heat to the exterior. Factor in the profits from the mining operation, and the net energy expense of the house becomes zero! Patent pending :D  

i can't find a link but i think some startup are already testing this in Germany.
 
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Alan
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Joined: December 19th, 2001, 4:01 am
Location: California
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Re: End of bitcoin?

January 25th, 2017, 8:42 pm

Yes, I have licensed the foreign development rights to a few select firms. 8-)
 
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wanaquant
Posts: 75
Joined: May 12th, 2012, 1:19 pm

Re: End of bitcoin?

February 2nd, 2017, 3:37 pm

I got back into a long a few days ago and closed half of it. It's a small long and it'll generate around 8,000usd in profit once we hit 1,000-1,050.

Looking at the chart, this is the correction from the dump that just happened. If the rally to 1,100 doesn't succeed then history will repeat itself and we'll stabilize again at support (780-850). I'd be then looking to get into a short.
 
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wanaquant
Posts: 75
Joined: May 12th, 2012, 1:19 pm

Re: End of bitcoin?

February 9th, 2017, 11:55 pm

Closed my long a couple days before the dump. Unfortunately got a bit greedy (and maybe fearful) and placed my shorts higher (around 1100-1300). For now I'm just arbitraging some exchanges. The difference between futures (in March) and spot is around 100usd.
 
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wanaquant
Posts: 75
Joined: May 12th, 2012, 1:19 pm

Re: End of bitcoin?

February 12th, 2017, 8:00 pm

Closed my arb at a small loss. It simply doesn't seem like it is going to work on the short term and worth the risk. I'm taking a large short here (around 250k usd value). A correction for the small bubble we had is due in my opinion.
 
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wanaquant
Posts: 75
Joined: May 12th, 2012, 1:19 pm

Re: End of bitcoin?

February 13th, 2017, 10:00 am

Price moved from 1000 to 975 this morning. I think this is the breakout for the down move. I'm expecting small dumps and pumps all the way down to 790$. Targeting 830-800 for taking profit.
 
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wanaquant
Posts: 75
Joined: May 12th, 2012, 1:19 pm

Re: End of bitcoin?

February 17th, 2017, 8:08 pm

Market breaking out upside. Looking for pullback to cut losses.
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