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Bitcoin DOWN DOWN DOWN, it's going DOWN DOWN DOWN...
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It's interesting to see how much this thread recently changed from price movement discussions to block chain and other discussions.
Coming back to price discussions and bitcoin forecast, we see that the technical analysis methodology works fine to predict bitcoin prices. And with that, speculators and investors can save time. No need to worry about blockchains, hashes, etc. More info here: http://bullbearanalytics.com/bullbear-analytics/
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On 7/10/2015 we (BullBear Analytics) issued a trade idea
I offered less analysis, but scooped you by 5 days. Neener-neener;) Well done!!! That 0.0018 area was a GREAT place to accumulate. Might not see it again for awhile barring some technical issue, attack, or bitcoin catastrophe. We will definitely be reloading back at 0.002 if it gets there. |
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24 was irresistable too. While traders and hedgers tend to think in terms of btc (cost basis), miners (suppliers) tend to think in terms of local fiat (cost basis). USD 0.1 and 0.05 increments are psychological levels, probably. If there are mining hoards in weakish hands the recent 40% rise should coax them out of hiding. If such hoards are depleted, this ramp could run for quite a while. Amusing: btc is more stable than climbing USD, over the past few months. Obviously a superior reserve currency  Aside: I am long wheat futures for a nice swing. Watching oil and gold for capitulation Real Soon Now. When that happens I expect to short EURNOK again.Regarding Oil: It broke it's YTD support zone of 46.xx (which was tested two times this year), so there is room to go down. However, we got the 41.xx support zone coming up (from 2009). Do you think it will capitulate in that zone? Because if that breaks there is a lot of room to go down. Also, there are some rumours Iran's sanctions are lifted and thus supply will increase ( http://www.bloomberg.com/news/articles/2015-08-02/iran-s-oil-minister-says-output-to-rise-one-week-after-sanctions). Regarding Gold: I think it has a lot of room to go down, but I mainly base this of Armstrong's predictions. In addition, it's still way above the long term mean:  Regarding XMR: Weekly MACD is turning green, in the past the meant a lot of room for upwards movement. However, there are a lot of resistances coming up before we'll surpass 0.003 @S3052: Great report, keep those going! Thanks! Will do! And likewise |
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"BE LONG, STAY LONG" Hello all! Thought this would be an appropriate time to share: On 7/10/2015 we (BullBear Analytics) issued a trade idea - **Monero ProTrade [Issued on 7/10/2015]**: Get long at current levels, ~0.0018, with a stoploss at 0.00165 and an initial target of 0.0026. The next level of resistance would come in around 0.0035 if a breakout occurs. Then on Tuesday, we issued the following report: https://i.imgur.com/tkVytsK.pngThese reports are for Premium subscribers only, but I wanted to share with the community this time around We are not there yet, but things are looking very good technically. Reply if you have any questions or comments! Cheers! bullbearanalytics.com You can make money also by following me. It is a premium thing but for free. Nice! The more the merrier  |
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"BE LONG, STAY LONG" Hello all! Thought this would be an appropriate time to share: On 7/10/2015 we (BullBear Analytics) issued a trade idea - **Monero ProTrade [Issued on 7/10/2015]**: Get long at current levels, ~0.0018, with a stoploss at 0.00165 and an initial target of 0.0026. The next level of resistance would come in around 0.0035 if a breakout occurs. Then on Tuesday, we issued the following report: https://i.imgur.com/tkVytsK.pngThese reports are for Premium subscribers only, but I wanted to share with the community this time around We are not there yet, but things are looking very good technically. Reply if you have any questions or comments! Cheers! bullbearanalytics.com |
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ANNOUNCEMENT:
We offer again 1 month trial subscriptions for the bitcoin forecast for 19.95 $, a 40% discount to standard price. https://bullbearanalytics.com/
This offer is valid for the next 30 days.
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Down ,down ,down ,down dooooown
Thanks for the "vote". Let's see who wins :-)
The technical picture gets clearer every dayS3052, I would like to hear your opinion about the picture these days, what do you think ? Really? Which way? or are you clueless on that point? haha ... I've been following this thread for over 4 years without getting a subscription why do you think asking for money from me now would work? I can give you a clear direction from my mind for free if you are interested? |
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The market will ultimately get to decide. I expect the value to be based on a combination of scarcity and demand. As a seller, I do not intend to offer such pieces if/until the market becomes significantly larger.
A few examples. Nubbins has sold a bunch of a rare-mintage coin, only 45 exist. He's gotten something like a 2000% premium for them. That is all collector value. A redeemed piece would have had 1900/2000 the actual value, all the rest is investor-value-added.
There are rarer pieces.
There are only 17 of the S1 100 BTC bars.
There are only TWO of the 500 BTC bars.
Once the market takes off, some people will try to build complete sets.
Every single investor will have to make concessions on what their set is.
It would only be possible for one person to make a complete set. Only 1 500 BTC bar remains. I think only 1 or 2 of the original 1000 BTC coins remain.
When this happens, people will fill in these set pieces, much the same as a coin collector may try to make an MS-65 set, but have to settle for an MS-55 for a particularly prized piece.
The parallel here will be, damaged and/or redeemed pieces.
For pieces with lower mintage or higher desirability, I expect those premiums to be the highest.
I don't anticipate any of that happening until the market were so mature that collections were more distributed, and there was constant buying tension from people looking to 'perfect' their collections.
+1 You have it very well summarized. It will be interested to see what the relative premium will be. It might even be that collectors favorite some rare pieces of redeemed coins more than filled coins - because if they are mainly interested in numismatic = rare value, it might be better to avoid the bitcoin price volatily, particularly for 500 or 1000 BTC pieces. |
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interesting..
Does anyone know how to gauge numismatic value of the coins? I mean the unfunded coins, where bitcoins have already been withdrawn from?
E.g. what is the numismatic value of
0.1 BTC Silver
1.0 BTC all Silver
10 BTC all Silver
1000 BTC 1oz Gold?
I'm not so sure I've ever seen an unfunded silver coin for sale. I remember reading on here that Goat wanted $50,000 for an unfunded gold coin. thanks. interesting.. 50,000 $ sounds a lot, but it is only 1 out of 5. People pay millions for rare coins.. |
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Down ,down ,down ,down dooooown
Thanks for the "vote". Let's see who wins :-)
The technical picture gets clearer every dayS3052, I would like to hear your opinion about the picture these days, what do you think ? Really? Which way? or are you clueless on that point? |
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interesting..
Does anyone know how to gauge numismatic value of the coins? I mean the unfunded coins, where bitcoins have already been withdrawn from?
E.g. what is the numismatic value of
0.1 BTC Silver
1.0 BTC all Silver
10 BTC all Silver
1000 BTC 1oz Gold?
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Down ,down ,down ,down dooooown
Thanks for the "vote". Let's see who wins :-)
The technical picture gets clearer every dayS3052, I would like to hear your opinion about the picture these days, what do you think ? |
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Down ,down ,down ,down dooooown
Thanks for the "vote". Let's see who wins :-)
The technical picture gets clearer every day |
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soon we will see a breakout of the 200-300 $ range
Yeah, feels like pressure is mounting.
Ever getting closer... to the magic breakout or down that is coming and changing the bitcoin world once more againOr sideways for a few more months. |
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before bitcointalk down: around 232
bitcointalk down: 240+
bitcointalk back up: 238 and falling.
seems the trolls from here have some influence on prices
correlation does not equal causality, LDO +1 |
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soon we will see a breakout of the 200-300 $ range
Yeah, feels like pressure is mounting.
Ever getting closer... to the magic breakout or down that is coming and changing the bitcoin world once more again |
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before bitcointalk down: around 232
bitcointalk down: 240+
bitcointalk back up: 238 and falling.
seems the trolls from here have some influence on prices
of course trolls are powerfull beings, never doubt that It started to fall long before bitcointalk went back up. In fact it was down to about 237 before bitcointalk went back up. Afterwards the price went up to about 238 for a while. I think the price going down had more to do with the news of the ~1500 Bitcoins stolen from Bitfinex. |
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Down to 210-215, then up
thanks for your contribution. much appreciated.
The scenario you outlined is one of our bitcoin forecast scenarios we are following and constantly evaluating |
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