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>sturle
Fundamentally , I agree with you 100%. BTC7USD can take off big time if the trend continues.
From a technical standpoint, there are big hurdles to pass. Update shortly on bitcoinwatch.
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Silver and Gold will top in the next 4 weeks and then decline for months. Silver down to below 30, then to 20 $ and below 10$
S, That's what you said on your twitter account. Why do you think that? The world's commodities are up in the sky and with the possible W global crisis I bet gold will be above $2000 by mid 2012 and silver somewhere to $100. Not to mention wars that are yet to come, civil unrests etc and US economy is F-ED up. By Ben.
My reasoning is based on technical chart analysis. I am happy to bet 50 BTC that Silver will dip below 30$ before May 31, 2011 (intraday prices based Spot in USD). |
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Targets, i.e. on the DJI below 1000 over the next 2-5 years.
DJIA below 1000 over the next 2-5 years? Really? You don't mean 10000? This is not a typo. Yes, below 1,000 , possibly below 400. I went short at 12,450 and will add to this short position as long as the DJI stays below 12,900. I have a larger position in the NDX (NASDAQ 100) which is underperforming vs. the DJI (this is a bearish sign). |
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I will help out a couple of hours per week via twitter and on forexfactory forum.
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I know these sites, but dont agree with their view.
Having observed the bitcoin market for 6 months on a daily basis, my only point is that the bitcoin trading has become smoother since the introduction of dark pools.
anyway I am not the decision maker, and accept either decision.
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The point is also that dark pools distort price discovery and the commodity's market price, at any given moment...
Price discovery? In last 48h price went from 0.72 to 0.80 then back to 0.73 then up to 0.76. Is this a price discovery? What fundamentals changed in last 48h? I think this is a volatility caused by large orders. Check volume and price charts alongside, looks like it is. There are simply not enough large players on the market -- market-makers, arbitragers, speculators -- who could smooth out effect of these large orders moving the market. You can see that eventually price recovers, so this is clearly a problem of depth. In can be shown that dark pool orders work towards stabilizing current price. Thus it is good for the market because volatility is the biggest problem. I think one of the main reasons Bitcoin and its successors have a bright future, is because in the existing financial system, zillions of small guys are really sick of being bent over by all types of entities “to keep the big guys happy.” There are far more small guys than big guys...  If the books were completely closed, my bet is that eventually an insider trading gang will form around whoever does have access to the books, and will be able to distort and manipulate the price even better than now... I get that the free-market cheaters and hypocrites will continue to devise ways to cheat the fundamental market forces and be hypocritical about it, because it's profitable to them, and well-worth the complex, technical rationalizations and self-delusions. I am just not willing to partake in such places anymore. I am sure the happy big guys won't miss my small money... So, have fun, jed!  This is just a piece of FUD. You cannot explain how dark pools are bad for you and so you resort to emotions about "big guys" and "bending over". If you will compare situation with dark pools and without, dark pools will be strictly superior as long as dark trading volume is a small fraction of total trading volume. Note that in dark-only case people could just trade OTC and just using mtgox price as a reference. It is not your business to tell other people where and how they should trade. Agree with you. Also, the poll should only be open to registered users of MtGox. It is about satisfying current customers, rather than given people a right to vot who has absolutely no clue about trading. |
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People will do it anyway with bots, so I don't see any reason to remove it.
thanks for your perspective! Great |
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BTC/USD short term trend change: DOWN after reaching 0.8 and breaking below 0.75. 0.50, better 0.56 $ must hold to keep longterm rally.
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DP does not affect volume; historical volume shows also DP trades. So that's not good reason for disabling DP.
Then there haven't been any DP trades the last 24 hours, so I suppose it wouldn't make very much difference if they were open. No, you're not getting it yet. All trades, no matter of dark pools only, dark pools + normal and normal only are visible. You can ask the exchange owner if they can provide you with an analysis how much % of the last 24 h trades were ingnited by dark orders. |
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I voted remove it, because I think a higher volume would make people take bitcoins more seriously.
You are wrong here. The dark pool trades are all part of all the trades you see on bitcoincharts.com hence, only the dark trade offers are invisible, while the resulting trades are treated in the same way as other orders. Net, dark pool do not mask any volume. This is based on what I heard from the owners of MtGox. If this is confirmed, dark pools have only positives. |
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I voted for 'keep it as is'. I believe that most of dark pool haters don't really understand what DP is and they are simply scared by unknowns. Writing custom bots for trading large amounts is ugly workaround, DP solve that nicely. I simply don't see the reason why to remove it. Disclaimer: I didn't used DP yet, so I'm not following my own interests . Edit: OK, I see one reason why DP is bad - market then looks thinner and people are affraid of trading because it looks like trade will be filled for worse price. Agree 100%. Stopping dark pool will in all likelyhood increase the spreads = making buying and selling bitcoins more expensive for most people. |
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Silver will soon make a top. But due its exponential rise that started in January, we are now in a "blow off" top formation. Those blow off tops overshoot very often. This means it can go up to 50 $ or it can mean that last nights high is already the top.
It could be prudent to wait for a short entry until 36.40-36.50 is broken to the downside which could be a first sign that a top is in place. If a top is in, we probably see the steepest decline of silver in decades.
Gold is in a similar position and will need to break below the March low to confirm a top.
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I also think that finding the right trade entries is simpler than most people think. Much more difficult is the money management.
It is a very true statement. Also finding bottoms is usually much easier than finding tops. i.e. I bought European stocks on March 12, 2003 (the day of the low), I shorted the stock market on Nov 26, 2007 (just 2-3 days before the top), due to Elliott wave AND ALSO the other indicators.
That's quite remarkable. Thanks... Now we are really getting close to another big top in the stock market. My projection is that we are maximum 4% away from the final top in the DJI, SP500, NASDAQ. Targets, i.e. on the DJI below 1000 over the next 2-5 years. |
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BlockStock
I definitely like this a lot! http://blockstock.com/ is currently registered but it is for sale. It might take a little negotiation but it can't hurt to contact them. It fits really well to the technology behind bitcoins, while it carries the risk of being perceived as blocking something and sounding a bit negative.. For people not deep in the matter this might repell them. |
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slush and bitcool,
we agree 99%, I am using simple price action patterns and simple indicators for most of my analysis and trading.
I also think that finding the right trade entries is simpler than most people think. Much more difficult is the money management. This is why 1 out of 1000 traders make consistently money over years. This is why most of the rest do well over weeks, months, maybe a couple of years, but then lose everything.
While the above mentioned indicators make up for most of my trading decisions, I enhance this with elliott wave sometimes because is has one benefit that many other dont have: it is forward looking. my biggest and best trades were countering the main trend, where most other indicators did not indicate the trend change.
i.e. I bought European stocks on March 12, 2003 (the day of the low), I shorted the stock market on Nov 26, 2007 (just 2-3 days before the top), due to Elliott wave AND ALSO the other indicators.
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Bitrade http://bitrade.com/not taken Sorry nefario, I promised to share some ideas earlier, but was too busy lately.
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if we like it or not, this is the only way to keep bitcoin growing. what is wrong if a bitcoin exchange / forex market is under the umbrella of such an institution, which does the same as the current exchanges (MtGox, bcm, bcex, b2cash...) but provide the infrastructure and scale of the needed compliance with the processes?
unlike other financial assests, they can not change a bitcoin, nor the number of bitcoins in the universe.
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I mean an officially registered and regulated financial institution.
Currently, many investors shy away getting into bitcoins because the exchanges are not trustable enough (even if I think they are great and I have full trust in them). What they lack is the credibility of i) a good history of acting as exchange and ii) the lack of transparency that they are "legal" and obey the needed processes.
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Interested, I fared very well over with Elliottwave over the past 9 years.
I'd be interested to learn what your experience is (feel free to share here or via PM).
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