So do most people with an iota of common sense. Jorges argument is  that it was the reason for the last rally due to the price dropping after the pboc news. He ignores the fact that surely it should have dropped to the same levels if that was the sole reason. He ignores the fact that Bitcoin was traded in China way before Nov 13. He ignores the amount of infrastructure, adoption and business being built because he cannot fathom that something can happen that he doesn't understand. He ignores that the Chinese doesn't or didn't own 90% despite touting it around as fact. He ignores the fact that the Chinese exchanges had 0% fees which explain the much higher volume, he ignores you could trade 100BTC volume in a day even with one coin. He also says that we need to keep getting bigger and bigger markets. Its just not true, the whole worlds the market and it just so happened that a small section of that market tried to put the brakes on.

The problem is you still need people to come and trade there, its like someone saying we should make a btc exchange look at all the fees we could make but you still have to get people to trade there.

Please tell me how it was obvious the price would almost half and then bounce straight back after silk road got shut down?

Hindsight is a wonderful thing.

Again get used to it because you will be doing a lot of head scratching, this is Bitcoin, many before you have tried (and failed) to predict and make moves on every "event".


Jeez, well aparantley nobody who beleive's in Bitcoin has any money left because they've all gone all in already, despite a 6 month bear market /s

Because Bitcoin. Get used to it, your going to spend a lot of time scratching your head if your trying to find micro reasons for price jumps. Especially when you don't seem to have, even after several months, a true understanding of what makes it valuable to others who don't share your views.

Because alts in general are just pump and dumps or copy paste coins.

This is evident by peoples reaction to coins that dont have a gui wallet on launch for example. Not because the coin is shit but just because its new tech and you cant just copy paste QT.

On top of that the majoirty are held by early miners and devs who, unlike early btc investors, know that by holding they can pump it up adn dump it onto bag holders.

Yes its a possibility, especially if it was a sell wall for a while, could have bought at either of those sent it there and then dumped down to break even price after worrying the price was going to continue to drop.

Cheers for spotting that, such a weird dump out of nowhere 

Have you seen that wall moving around or has it just been there and someone got impatient?

meh semantics.

You said head and shoulders were bearish but they're not they're either the fact that they can be split into head and shoulder top and head and shoulders bottom doesn't qualify the statement of "head and shoulders are bearish"

But I agree thats not whats shown.

No they're not, they're either. A sign of reversal as it were.

http://en.wikipedia.org/wiki/Head_and_shoulders_%28chart_pattern%29

"Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend"

No lol, that looks nothing like a head and shoulders just a $90 rally!

It would look just like your bitcoinity chart but on a 12 hour scale.

Happy Pizza day!

Does anyone want to give me 10k BTC Ill even send you 4 instead of 2 pizzas 

Yes but on a 5 minute chart I wouldn't call it a real "signal" that a true reversal is in, especially after a 6 month downtrend.

Show me a head and shoulders on the 12h and we're talking  

I agree its undervalued, one of the best things I believe with MRO is that its taken of fairly soon after release. That means a lot of peopel know about it before a large proportion of coins are mined, this gives more people a change to get some.

With the easy miner its even simpler to start mining.

Fair amount of resistance up from here and around $800k gone from the bid side, will be intersting to see if there's any movement with new deposits as this rally happened on any money that was in yesterday.

I've already placed my bets this year, dirty fiat unfortunately but I promise to buy BTC with my winning 

Looks intersting and good luck! Definately keeping an eye on this, very useful and another step in knocking down the barrier of entry.

Maybe you could answer a couple of questions;

How do you plan to market the product towards the people you are targetting? After all most here wouldn't need a service such as this.

What are your fees/ how do you make your money?

One thing that times like this always make me think about is how much more painful it is to be holding fiat when going up than holding bitcoin while going down.

 Not making that mistake again so jumped on the train $100 ago and Im glad I did!

Great post, all the darkcoin holders need to know is what they are doing is already possible within bitcoin and also that the creator of coin join beleive cryptonote a better tech. I mean how can you argue with that 

Monero is growing at an unprecendented pace so its natural for people who aren't on the train to try and trash talk.

I'd be getting very nervous if I wasn't on this train already 

1 week MACD moving the right way, gonna be fireworks when that crosses over.

Never heard of it but its in Hong Kong and lists in pounds for me, does it detect your local currency ?