Short the Dow.
+1 on "short the Dow", but probably as of a bit higher levels. I think we may see another high above 12,900 before this SHORT will probably be the trade of the past centuries.. |
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cant vote
anyone else?
Me neither. +1 Not sure what the issue was. Could you try again? It should work again now. |
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I have reset the poll.
Vote now.
Up
Down
Same?
Now its reset. Sorry for thiserror. |
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I have reset the poll.
Vote now.
Up
Down
Same?
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I just posted a brief technical update on bitcoinwatch.
As forecasted in my subscri :Pption service, trend is down and BTCUSD is in a midterm bear market.
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It is my professional opinion that bitcoin prices are being systematically walked down by a miner or an early adapter. I am not so concerned by the reckless sells of large chunks of coins as I am about that being followed by the placement of large amount of coins to hold the price down and discourage new money. I am having a difficult time imagining what they hope to gain by this effort. This person is clearly not thinking economically. If bitcoin prices approach $10, there will be a panic sale taking the prices to $2-$3. From here it will take a year or more for bitcoin to recover, if at all. The individual that is selling large amounts of coins in single chunks then placing large amounts of coins in very obvious ceiling positions is causing new investors of high net worth to take pause. I personally know a half dozen high net worth individuals who are on the cusp of large investments in bitcoin related businesses as well as bitcoins. These persons will not proceed if bitcoin is manipulated down much further. They are not investing because bitcoin advances liberty and privacy, they are investing for profit. To the individual that is doing this, and I know you are one individual, I am not asking you to hold your coins; go ahead, sell all you want, but what do you gain by preventing new money from coming into the market with these ceilings?
What's your evidence that 1 single person is causing this? On the technical side you make a good point. There is no reason to buy at current levels for investors. Bitcoin is in a midterm bearmarket. |
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This thread is pure art. I can't even count. "Market manipulation" is always a great shout, though kind of a classic and thus not very innovative. "Mining cost determines price!" is pretty much a meme now, and is the best replacement for "DERP" I've seen so far. But! A competitor appears! "Da Seller wants to push da price down!"  Wait, wait... one more. "a big hoarder who decided to cash out at 17$" ... whoooaaa big hoarder made the volume go... uh... what volume? Man, I hope this is the work of trolls... I hope it for the sake of humanity. +1 it is definitely funny to read those wild theories |
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well done MtGox team.
I have critizised the overall lack of professionalism of bitcoin exchanges ,including MtGox and now see some good trends in the right direction.
Please continue on that track. There is still a lot to do...
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When will it open , finally?
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They confirmed my account but I seem to have forgot my new passowrd. That is the issue. Which in a normal, professional company is no issue as they can reset it within minutes
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How can a password be reset.
I sent an email to the Goxers, but no reply
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Great thread. Customer is boss. So, Magical Tux: is it now 24 hours? Can you confirm?
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Its quite concerning and on top, here is another question that I posted also in another thread:
If is is true that MtGox has bitcoins in their own exchange and is trading them on MtGox (apparently the balance even is up to 500,000 BTC)?
Is one actually allowed to trade on his own exchange? If so, the person trading should not have access to anything else than public info, otherwise, it is insider trading.
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I'm pretty sure the 500,000 bitcoins were theirs. I never had much doubt about that.
One question arises from this, should it be true that MtGox has 500,000 BTC (or whatever the amount) in their own exchange.
Is one actually allowed to trade on the exchange you own? If so, the person trading should not have access to anything than public info, otherwise, it is insider trading. |
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As bitcoin is global, MtGox must give everyone at least 8 hours so that they have a slight chance to get into their account before trading resumes .
some people sleep sometimes
And ideally it should be 12 hours
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Not everyone believes in technical analysis and this is fine. Everyone should chose where he is most comfortable with.
For myself and my followers and subscribers, there is great evidence that the technical analysis for bitcoins has worked and still is working very well to time trades.
Are you still taking subscribers? I sent an email about it and did not get a response. |
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The relation to the topic is that I was responding to tradertimm's post.
2012 may mark a big low already, but the final wave is likely to hit the lows a couple of year later
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Seriously. You want regulation?
Trade the green toilet paper equity markets in the USA.
They are, at best, a joke. They will eventually collapse when all the federal debt comes to fore. Invest wisely.
+1
The stock market will experience a real crash in the next months and will likely make a low in the 2014-2016 time zone.
The declines from 2000 and 2007 are nothing compared to what will happen. You will be able to collect the Dow under 1000, probably in the 400 range or even lower. |
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