I moved from Long to Short as of 02:15 UTC 1/24/14. I’m not sure what is going on in China, or why it is going on, but Huobi had a swift, increasing volume decline over a relatively long period (~2h). They could bounce back, but I sold at 800 when they were 16 points under […]
I received a question or two about my open DOGE buy at 131 satoshi. From those questions, and from the sentiment I see on forums and subreddits regarding Dogecoin, it quickly became obvious that Dogecoin is a divisive subject. /r/Dogecoin (obviously) loves it and everything to do with it. /r/Bitcoin and /r/Litecoin don’t exactly enjoy its […]
Tigerdirect now accepts Bitcoin in their online store. Their parent is Systemax, a Fortune 100 company. More bullish news.
First, news. My Google-translated understanding of this is that BTCChina found a new voucher system to use to replace the Taobao system they had previously used. That’s bullish, but not incredible. Third-party processors can still work with Bitcoin until the 31st, so the existence of this plan is not inherently bullish. What is bullish about […]
As I write this post, I have an open long position on Bitcoin that I started at 810 earlier today. When I put it up, I wrote in the note section: “Speculating on an expected return to the mean. BTC-e was oscillating 12-15 higher than Stamp when I initiated the position. I expect the gap […]
Hello! My name is Ben, and my primary sources of income are trading Bitcoin and other cryptocurrencies and writing this blog, particularly my thorough review of Bitcoin exchanges. If that sounds perfectly normal to you, welcome. I hope you find my discussions insightful, and I hope you’ll take it upon yourself to critique my claims […]