Now it will be interesting to see if 240-250 $ holds...
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On http://bullbearanalytics.com/bullbear-analytics/, you can get bitcoin forecasts. The latest bitcoin forecast was:
1/9/15 Price: 297 $ Forecast to premium subscribers"we expect lower prices ... back down to retest the 255-260 $ range"
1/12/15 = last 24 h, bitcoin prices reached 265 $. This is a 32 $ = more than 10% decline since the bearish forecast.
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And yes, more seriously:
For people interested in finding the best forecast for bitcoin speculation or investing, go here: Bitcoin Speculation
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..their forecast price went from -813 USD to -796 USD. I can't even decide if this is "up" or "down", good, bad, bullish or bearish! Even better than their regular bitcoin forecast: they forecast the future price on BitStamp! It's pointing up like crazy, so they surely are both solvent and back online soon! *giggle*
All right, enough fun at the expense of simplistic models..
Ente
;-))
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I agree. I am not sure if they have enough capital to swallow the 5.2 million $ value of the loss.
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And with all due respect, some other bitcoin forecasts go all the way towards being outright ridiculous. Probably the worst one is this one: http://www.bitcoinforecast.com/ It predicts -161 $ in March '15 and -813 $ in May '15.
-813 $ in May '15
Hmm.. I'll 'buy' a few coins at that price I think.. Ente You may want to think again. When you'll sell one of those weird -813$ coins, you won't receive fiat, you'll have to pay 813$ to get rid of the coin. OTOH, someone who wants to get rid of one such coin has to pay you 813$ to accept it. That could work for me, and I'd HODL that coin forever. :-))))))
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indeed very funny... That's why we issue multiple bitcoin forecasts per week to avoid people buying at 800... when bitcoin prices go down to 255...
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And with all due respect, some other bitcoin forecasts go all the way towards being outright ridiculous. Probably the worst one is this one: http://www.bitcoinforecast.com/ It predicts -161 $ in March '15 and -813 $ in May '15.
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Now is probably a very good time for bitcoin traders, bitcoin speculators and bitcoin investors to consider subscribing.
The Bitcoin price is at an important crossroad, with bitcoin fortunes under threat or offering huge profitable opportunities.
Our bitcoin forecast has been protecting people from huge losses in the 2014 / 15 crash and our team is committed to stay very close to the market, sometimes including weekends like the last one - when we issued 4 short term bitcoin forecasts.
And, the good thing is that your subscription is 100% risk free since you get a 100% money back guarantee for the first 30 days: http://bit.ly/1vclbLi
Thank you very much in advance for your trust.
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What a huge volatily over the past days... and funny to review all the "experts" on bitcoin forecasts and bitcoin speculations saying end of 2014: "bitcoin volatility is over".
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Getting eaten alive by the bitcoin bear? Subscribe to the forecast that predicted the crash http://bullbearanalytics.com/bitcoin/ Your 20% discount is still available until Jan 8, 2015.
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What exactly is the "Monthly Momentum Trades", which is not included in the "activepro" subscription?
I, personally, would like BTC only (no stock, no PM, no alts). With the "executive summary", graphs and trading examples. Just as a datapoint of one of your subscribers :-)
Is there currently any "new year" discount or the like? ;-)
All that volatility makes me think about resubscribing.. :-)
Thank you for your service, and good success in 2015 too!
Ente
Ente thanks for the questions and feedback. We'll get back to you latest Monday.
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Uhm.. are you trying to create another dogecoin here or what's going on?
what are you referring to? please explain. thank you
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I want to elaborate a bit on the comment on Monero I made on October 3, 2014. At that time, Monero traded at 0.00315 BTC and then dropped by -71.11% to 0.00091 BTC. XMR is still down -44.44% from October 3.
This is what I said back then:
"...There is no big enough reason that XMR outperforms these other assets yet. XMR would need much more awareness and traction to make it outperform."
This is still true in general. Currently, Monero is #17 in terms of market capitalization. It was likely around #12 or #13 when you wrote that though. That was the typical position (peak at #10 or #11 I think) for most of the lifetime of Monero until will into the post-August slump (even for much of the slump this approximate rank was maintained). You make a good point about awareness certainly. Even at #12 that means there are 10 alts above it (plus BTC of course), and most non-specialists don't really have the time or desire to analyze 10 alternatives. yes, this is exactly the issue. It is still possible to overtake, but it requires disruptive and challenging innovation and marketing. A great book covering those strategies is this one - just not sure if it exists in English: Commitment Marketing. Markentreue aus Begeisterung Gebundene Ausgabe – 2002
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Update December 29, 2014.
Current Asset Allocation 92.1% Cash (USD) 5.4% Gold 0.0% Bitcoin 2.5% Monero
Portfolio
- UP +6.6% since inception.
- UP +22.7% annualized.
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I want to elaborate a bit on the comment on Monero I made on October 3, 2014. At that time, Monero traded at 0.00315 BTC and then dropped by -71.11% to 0.00091 BTC. XMR is still down -44.44% from October 3.
This is what I said back then:
"...There is no big enough reason that XMR outperforms these other assets yet. XMR would need much more awareness and traction to make it outperform."
This is still true in general. Currently, Monero is #17 in terms of market capitalization. I am not the expert on cryptocurrency technicalities. I have heard that Monero seems to have some advantages over bitcoin. But to make this hold and manifest, much more awareness is needed. Even if Monero would be as good or even better than the other altcoins, just because it was not one of the first, it needs much more effort to overtake them.. David Latapie mentioned to me the latest initiatives (new wallet, marketing task force), which I think is going into the right direction. The recent price rally could be the first inidication that things change for the good for Monero. It will be exciting to watch and bullbearanalytics will continue to cover Monero. [/color]
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Update December 27, 2014, #2.
Current Asset Allocation 92.7% Cash (USD) 5.5% Gold 0.0% Bitcoin 1.9% Monero
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