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reticulogic commented on a post in r/BitcoinMarkets
83
reticulogic 7 points

GBTC premium has been obliterated.

hrhi1592 2 points

what does this mean ?

reticulogic 1 point

GBTC was trading as high as 3500 when BTC was at 19000 and is now down to 1600 when bitcoin is at 12000.

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reticulogic commented on a post in r/BitcoinMarkets
50
Gannicus1987 2 points

I'm new to TA, but looks like we're dancing on the support line, right ? http://prntscr.com/gnydb7

reticulogic 2 points

That's the same line I've got my eye on... waiting... watching...

reticulogic commented on a post in r/BitcoinMarkets
56
reticulogic 8 points

x-post - just wanted to make you all aware that Electron Cash is capable of stealing your coins. https://reticulogic.blogspot.com/2017/08/electrum-cash-scam-alert-you-will-lose.html

NOT AN ISSUE

reticulogic 2 points

There is no issue with Electron Cash. It was the automatic wallet copy that made it looks like funds were being transferred. Please disregard the above. Thanks for helping me figure this out.

ReefOctopus 1 point

The address you claim the funds were sent to has no transactions.

http://blockdozer.com/insight/address/147Mv5V9DEtwQb6cYBzJmAdGscPh3mTy4K

reticulogic 1 point

Thanks for pointing that out! The transaction was sitting in my Electron Cash Wallet with the status 'low fee' and the destination to the address above. It appears that the transaction was eventually rejected by the network and the amount was returned to my address. I was able to move that amount to another of my addresses. So alls well that ends well? hmmm, something was definitely going on with that 147Mv.. address.

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reticulogic commented on a post in r/BitcoinMarkets
31
reticulogic -13 points

Maybe I won't sell my BCC quite yet. That's a lot of unconfirmed activity with BTC! And I just moved some BTC with a $2 transaction fee!

https://blockchain.info/charts/mempool-size?

reticulogic 2 points

ooh, you all are harsh. Just providing a data point.

GenghisKhanSpermShot 4 points

I have a feeling alts will get some of this action if Bittrex is opening up deposits, people will sell and put a portion into the alts on Bittrex, it's going to be entertaining soon!

reticulogic 2 points

Mind reader! That's exactly what I've been waiting to do.

reticulogic commented on a post in r/BitcoinMarkets
34
GamesBookstore 5 points

You don't need to do anything.

Only exception is if you have your bitcoins on an exchange, then it's a good idea to move them to your own wallet so you can be certain that you get your BCCs. Then again, it's probably barely worth the effort.

Edit: that said, if you have your bitcoins in a wallet that doesn't let you export your private keys, you might want to change that. Otherwise you'll be dependent on that wallet dev to support BCC. So move them to Bitcoin Core or to Electrum or any other wallet that gives you full control over your keys if you want to be 100% sure.

reticulogic 1 point

I expect there will be an initial pump in BCC followed by a steep drop and then eventual crawl to worthlessness. That goes out the window if there are issues with Segwit. If Segwit has issues and BCC implements a simple 2MB bump then who knows. The ETC chart may provide some precedence when it split from Ethereum even though the driving purpose was different. https://coinmarketcap.com/currencies/ethereum-classic/

reticulogic commented on a post in r/BitcoinMarkets
43
Pigmentia 6 points

Why, in a mechanical sense, do triangles tend to break so violently? Why don't things just drift out lazily over a day or so?

reticulogic 1 point

Personally, I was expecting a bounce off the top line and literally about to submit a sell order and then saw the breakout. Now I'm going to hold a bit longer. I'm sure I'm not the only one that pulled a potential sell from the books. Others have been waiting for a breakout to confirm they should buy and are about to pile in with buy orders. Fewer sellers and more buyers.... bam

reticulogic 1 point

pphhht.. should have sold.

Retrotransposonser 1 point

waiting a few days for execution

Damn you're a genius! Such an elegant solution.

reticulogic 1 point

Thanks for reading. You criticism is welcome to further the discussion. The lack of actual content in your response is foaming with irony. Love it.

Retrotransposonser 1 point

I wasn't being sarcastic.

reticulogic 1 point

omg seriously! So sorry about that. I've been slammed and reslammed for putting an opinion out there. It made me hypersensitive.

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reticulogic commented on a post in r/BitcoinMarkets
27
SpanX20 3 points

Dammit....sold everything. Damn those weak hands.... Regretting it so much right now.

Hate this feeling.

reticulogic 1 point

feel better now?

lzdwk 16 points

Zoom out people

reticulogic 7 points

phew, thanks

reticulogic commented on a post in r/BitcoinMarkets
51
Pigmentia 8 points

Man... All this talk of selling if the ETF is denied.

Exactly what are these people expecting? Am I the only person with no plans either way?

reticulogic 10 points

I'm hodling if no ETF and buying if ETF approved.

reticulogic commented on a post in r/BitcoinMarkets
52
reticulogic 2 points

GBTC - Time to take profits from 108. Current price is inline with the consolidation phase last July and it is dancing at parity with BTC. A decent pullback in BTC might hit GBTC unreasonably hard.

http://imgur.com/a/N8GJF

reticulogic commented on a post in r/BitcoinMarkets
37
omnipedia 1 point

Are there any options on GBTC one can buy?

reticulogic 1 point

No, I've tried to get some before myself but none are available.

Kitten-Smuggler 5 points

If the ETF fails bitcoin itself will likely dip into the $900's again. Why on earth would you not think that GBTC would dip with it? Sure it may grow its premium a bit, but it going up on an ETF failure is pretty unlikely to happen IMO.

reticulogic 1 point

If BTC drops to 900 due to the ETF failure, I'm siding with GBTC reclaiming its 127% premium which would put it around 114. I would not exit if BTC drops to 900. I'm fine waiting for BTC to bounce up past 1000 again before I exit though. Usually my trades range from hours to a couple days but sometimes I do get caught and hold tight for the price to bounce.

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reticulogic commented on a post in r/BitcoinMarkets
Essexal 14 points

This at the last hour, for a rejection? Don't feel right to me. Consider me pouring pretty much everything I can gets my hands on into Btc in the next month.

reticulogic 2 points

x Execution Solutions LLC, KCG Americas LLC, and Virtu Financial BD LLC have each signed an Authorized Participant Agreement with the Trust and, upon the effectiveness of such agreement and the registration statement, may create and redeem Ba

Might as well start pouring now. Firesale! These prices won't last.

reticulogic commented on a post in r/BitcoinMarkets
34
jratcliff63367 11 points

The strongest signal I can find that an ETF approval is imminent is the fact that GBTC (the closest thing currently available to an ETF) has lost almost all of its price premium. Currently GBTC is trading at less than a 14% premium; historically pretty much as low as it's ever been (except for a couple of very brief periods in the past).

Traditionally GBTC has held a 40% price premium for most of its lifetime.

This shrinking of the premium has been happening even during a bull market, which is really odd behavior for GBTC.

Does someone know something the rest of us don't know, or are GBTC traders just changing their behavior on the expectation alone? Probably the latter.

https://docs.google.com/spreadsheets/d/1GNmUtmDMUXUiNlb-tMkDIjESDh6fQTq2uyuJDoKfFDs/edit#gid=0

EDIT

The premium is now down to less than 12%!! That's crazy.

reticulogic 6 points

Currently GBTC is trading at less tha

Agreed on the pattern based on expectation alone. I had to pick some up since the premium is low. If the ETF is approved, BTC should rise enough to offset the loss of premium. If the ETF is not approved, GBTC may spike to recapture the premium. Take that with a grain of salt b/c I expect BTC to drop a bit if the ETF is rejected.

reticulogic commented on a post in r/BitcoinMarkets
27
moral_agent 2 points

Bought a bunch of GBTC @117 during the recent dip when I heard the ex-Gemini lawyer say the ETF was unlikely. Down 8% on that apparently bonehead move. Not sure how to feel about this, but I guess I had better hold. It's IRA money so I can't buy real BTC with it anyway. The premium can't go negative can it? If the ETF comes along and we cruise through 1200 on the good news presumably GBTC cannot continue screwing me while everyone else parties.

reticulogic 1 point

GBTC has traded at parity and even below parity in the past. Granted 99% of the time it has traded at a premium though.

reticulogic commented on a post in r/BitcoinMarkets
21
reticulogic 0 points

Playing the channel on the one hour.

http://imgur.com/a/OSdeT

reticulogic -1 points

C'mon, you've got support 3 ways right there.
http://imgur.com/a/jg2oV

reticulogic 1 point

Timing a quick exit if we pull back from the top of this channel again. http://imgur.com/a/bM8Z7

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reticulogic commented on a post in r/BitcoinMarkets
48
eugeniusbastard 4 points

Guess you weren't there to see the flash crash to 100 or the great bearwhale at 200

reticulogic 3 points

"The great bearwhale" Those were the good old days when we felt like soldiers against a common foe. Well, at least the bulls did. :-)

reticulogic 1 point

"The great bearwhale" Those were the good old days when we felt like soldiers against a common foe. Well, at least the bulls did. :-)

reticulogic commented on a post in r/politics
[deleted] -26 points

I liked that they added, "The people responsible for securing our weapons." Like they were saying, "Well no one was here so we just left the door open, you know." LMFAO, Huffpo trying to convince people that we were in danger during that time.

reticulogic -14 points

Huff po has list so much credibility over the last few months, why stop now.

reticulogic commented on a post in r/politics
radiant_snowdrop 1 point

Please list Donald Trump's apologies from the campaign. I believe he did issue one after the devastating crush of the tapes.

reticulogic 0 points

If you believe he issued one, why discredit yourself with the prior statement?

radiant_snowdrop 5 points

NO UNITY! We must elect out the regressive Trump regime. The man is a bigot, a xenophobe, a racist, and a misogynist. No amount of policy changes is going to erase his comments. There was not a single apology issued for his comments, nor the actions taken against innocent people by his hostile supporters. They have literally urinated on immigrants, and cited Trump's "illegals" position as the reason why! Unacceptable.

reticulogic 2 points

"There was not a single apology issued". That's a complete lie.

reticulogic commented on a post in r/politics
[deleted] 12 points

Lol the establishment is intellectual?

That is hilarious.

The establishment is full of postmodernist pseudo-intellectuals.

If the establishment was so "intellectual" and so dedicated to empiricism why was it so fucking wrong over and over again from an empirical perspective? Why does the establishment lack the kind of introspection that real intellectuals have when they get things wrong?

But yes go ahead and believe that the sociologists, journalists, and people who can be found in the Humanities/Social Science departments are "intellectual." uh huh yeah okay.

reticulogic 3 points

Nailed it.

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