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Title: Bearish outlook for next few weeks... (or bullish?) Post by: accord01 on November 18, 2013, 08:20:11 PM That panel is tough, you have 3-4 people against bitcoin from major agencies, and 3 for bitcoin from very minor agencies. Also, this huge pump into the market right before the hearing and then followed by a bearish hearing will cause prices to correct sharper. It was extremely overbought in the last few days.
Panel One: Jennifer Shasky Calvery Treasury Department - Financial Crimes Enforcement Network Director Mythili Raman Acting Assistant Attorney General Criminal Division Edward Lowery Secret Service – Criminal Investigative Division Special Agent in Charge Panel Two: Ernie Allen Int’l Centre for Missing & Exploited Children President & CEO Patrick Murck Bitcoin Foundation General Counsel Jeremy Allaire Circle Internet Financial CEO Jerry Brito George Mason University Mercatus Center Technology Policy Program Director Title: Re: Bearish outlook for next few weeks... Post by: the_sunship on November 18, 2013, 08:25:53 PM they are against bitcoin? or against operations which use bitcoins for illegal use?
big difference... Title: Re: Bearish outlook for next few weeks... Post by: accord01 on November 18, 2013, 08:32:09 PM well not against it, but not promoting it like the bitcoin foundation obviously. i think i might short a position just to insure i don't lose much if it corrects too much.
Title: Re: Bearish outlook for next few weeks... Post by: freebird on November 18, 2013, 08:33:49 PM I'm watching the live video of the Senate hearing right now: http://www.c-span.org/Live-Video/C-SPAN3/
So far, I haven't heard any of the panelists say anything that would be a threat to bitcoin. In fact, all of them have said that it's a legitimate financial innovation. They talk about combating crime, but they say that bitcoin itself is totally legal. Sounds bullish to me. Title: Re: Bearish outlook for next few weeks... Post by: accord01 on November 18, 2013, 08:56:21 PM oh my goodness, why did I short it????? WHY???
bitcoin is looking too bullish after hearing these people talk. Title: Re: Bearish outlook for next few weeks... (sigh just lost a lot shorting it) Post by: Tzupy on November 18, 2013, 09:01:55 PM Relax man, tomorrow things may look different.
What would be bullish: to have a bid sum larger than when the price was at 450$, but it's about the same, and the price is still 665$. Title: Re: Bearish outlook for next few weeks... Post by: humanitee on November 18, 2013, 09:09:57 PM bitcoin is looking too bullish after hearing these people talk. Bullish? It seems you people are not aware of what it means for Bitcoin when those people speak in terms of "We can take care of it". Forget about making Bitcoin addresses when you see fit. Forget about earning bitcoins without government knowing you made them. I think you are speculating a little too hard. Title: Re: Bearish outlook for next few weeks... (or bullish?) Post by: antimattercrusader on November 18, 2013, 09:12:17 PM That panel is tough, you have 3-4 people against bitcoin from major agencies, and 3 for bitcoin from very minor agencies. Also, this huge pump into the market right before the hearing and then followed by a bearish hearing will cause prices to correct sharper. It was extremely overbought in the last few days. Panel One: Jennifer Shasky Calvery Treasury Department - Financial Crimes Enforcement Network Director Mythili Raman Acting Assistant Attorney General Criminal Division Edward Lowery Secret Service – Criminal Investigative Division Special Agent in Charge Panel Two: Ernie Allen Int’l Centre for Missing & Exploited Children President & CEO Patrick Murck Bitcoin Foundation General Counsel Jeremy Allaire Circle Internet Financial CEO Jerry Brito George Mason University Mercatus Center Technology Policy Program Director I did not take it that way, thus far at least. |