136 again We're not out of the woods yet. Out of curiosity, what would you consider "out of the woods"? Optimistically over $140, pessimistically over $147, somewhere in between them. Some determined bears are behind those walls.
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136 again We're not out of the woods yet.
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Sorry I don't get it, so the net money flow is essentially the derivative of money flow, right? Then you integrate it again? I am confused.
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so you're saying its going down then he sells then says sell sell sell! then it goes down and everyone is amazed. nope. no manipulation going on here. seriously. I think it was the other way around...but he didnt have a service then. Cypher is legit despite my trolling his ass lol. All analysts I knew were way-off at the 2011 bottom, I suspect that the tiny liquidity then would allow a single manipulator to have his own way with the market(especially with the help of Bitcoinica), and thus undermining the usefulness of any TA. And that's why those permabears still hoping for single-digits are idiots.
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Please forgive my ignorance but could you define money flow for me, is this total capital coming into bitcoin in USD? It looks interesting though, I too think that bitcoin may be bubbling and have positioned myself for the time being into fiat, but my decision was based on search volumes being excessive compared with historic norms.
Average(H+L+C)*Volume for each candle. Add those up for net money flow, and take the sum of the absolute values for total money flow. Some analysts use dollar volume, but I use Bitcoin volume. Since price is $/BTC and volume is in BTC that yields money flow dimensioned in $ for each sample. The money flow ratio I was talking about is technically dimensionless as it is just $/$ (total money flow/net money flow). (edit) Sorry, I should clarify. Net money flow is the *difference* of that calculation from candle to candle. Daily?
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Alright my little calves and cubs, playtime is over. Try not to get caught at the bottom like you always do!
You are talking to your own echo. Hello, mccorvic's echo.
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... History likes to repeat itself?
You are using completely different units for them. The timeframe is the same. I meant the percentage of growth in the first one is outrageous, while that of the second one is much smaller. And either by absolute or relative growth it's the auto-adjustment of bitcoinchart that gives them green candles roughly the same length. You really need to use percentage of variation to get some perspectives. A $1 movement at Nov. 2011was the greatest price crash-down ever, while the same movement today can't even allow a small-time daytrader to take profits(two 0.6% fees = 1.2%*$140=$1.68)
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... History likes to repeat itself?
You are using completely different units for them. The timeframe is the same. I meant the percentage of growth in the first one is outrageous, while that of the second one is much smaller. And either by absolute or relative growth it's the auto-adjustment of bitcoinchart that gives them green candles roughly the same length.
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History likes to repeat itself? You are using completely different units for them.
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don't like todays volume, depth, lag ... all too low ... something wrong?
It is quite early yet in the US. Let us wake up before we trade. hm, as I remember the last days things looked better 24/7 ... edit: anyway, also "hidden" bids can drive us to a new ath, I am a bit worried still ... The only thing you should be worried about is what time today do we break 150 Bid volume is recovering nicely after yesterdays Goxxing and ask volume is falling rapidly. We're practically where we have been all week. maybe worried wasn't the right expression as I am more then bullish mid- and long-term, but not sure if we can go much further today than yesterday ... (maybe wishful thinking as i would like to buy more but can't until later on?)I agree, the hourly SMA 200 has not catched up yet.
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Quote from: oakpacific on Today at 03:32:16 PM Quote from: blogospheroid on Today at 03:08:02 PM Guys,
I'm reposting my comment from another thread as it is relevant to this thread as well.
Quote The pseudo-anonymous nature of bitcoin will prevent anyone from legally claiming that they lost it. So, even genuine losses like hacks cannot be offset as losses for tax purposes. What effect this will have on bitcoin as a store of wealth is something unknown.
If the BTCs never get moved, then they are lost. If they do someday, then it's tax evasion and jail time for you, it's very easy for the authority to set your address on watch, and sends them an alert whenever an activity is detected.
You can always say that someone hacked your account. EDIT : forgive the formatting, I meant to reply to agree with Gordonium's statement. Precisely, I meant that only. You cannot prove a loss. You cannot claim insurance. With stocks you can do one, with art or buildings, you can do the other. This will make many rich people vary of holding wealth in bitcoin. Insurance is actually quite simple, the insurance company will only provide insurance for a properly secured address, and demands you to make paper wallets backups and take other precautions beforehand, you can only receive your proceeds if all your precautions fail through force majeure or similar reasons(e.g., paper wallet and cold storage laptop both destroyed in a fire), rather than your own fault.
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What happens when a bear dumps 10K BTCs? Nothing, he will just have nothing more to dump.
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In the future, you can carry 32 trillion in Bitcoins like this. Lost USB drive = lost 32 trillion USD That's why you should make several offline backups, and keep them at at least 2 or more geographical locations (house, job, in the cloud, friend's house, etc.) and not just on you/in your house (in case of disaster, you don't want to lose all your copies!). Of course, double-encrypt them It's many times easier/cheaper to secure them, when compared with gold/fiats. One diligent guy can achieve nearly perfect security.
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Not sure if it's FUD or just improper research/ignorance.
Bitcoin is difficult to understand.
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Gold down. Bitcoin UP.
When bitcoin price is boring, I'll switch to the gold chart to watch it plummets, still a lot of fun.
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Guys, I'm reposting my comment from another thread as it is relevant to this thread as well. The pseudo-anonymous nature of bitcoin will prevent anyone from legally claiming that they lost it. So, even genuine losses like hacks cannot be offset as losses for tax purposes. What effect this will have on bitcoin as a store of wealth is something unknown. If the BTCs never get moved, then they are lost. If they do someday, then it's tax evasion and jail time for you, it's very easy for the authority to set your address on watch, and sends them an alert whenever an activity is detected.
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Who are these people? Are they the same guys who turned my bank saving into a pile of useless debts? Are they the same guys who take my money and pay me back only 0.5% APY, not even enough to keep up with the inflation?
Whoever listens to their opinions on investment must be stupid.
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100 million dollars? If this is true it has to be the dumbest company with 100 million dollars funding I have ever known.
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I am just hoping Gox is scaling up their hardware & software to handle the incoming load. The worst possible thing to happen right now would be for their platform to crash. It happened to Myspace, Facebook and many other sites from early rapid adoption. Anyone know what their back end is written in? Hopefully it is C++ or Java and not PHP.
PHP can do ANYTHING!I love PHP, I use it every day. But I would never use it for a world class trading platform. Maybe on the front end. The problem with PHP is exactly "it can do anything"(also literally).
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