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2301  Local / Deutsch (German) / Re: Deutsche Bitcoin Seiten on: February 27, 2011, 02:35:43 PM
Gute Idee,
die zeigt dass es noch viel Potential im deutschsprachigen Raum gibt.
2302  Local / Deutsch (German) / Re: Sind Bitcoins legal? on: February 27, 2011, 02:34:31 PM
Kriminelle Aktivitaeten sind immer schlecht und sollten verurteilt werden.

Das hat aber nichts direkt mit der Natur von bitcoins zu tun, denn CASH wird genauso fuer kriminelle Aktivitaeten genutzt und wird nicht verboten.
2303  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 27, 2011, 02:20:38 PM


I was contacted yesterday with my lawyers.



Not many lawyers working on Saturdays... sounds again shady
2304  Economy / Marketplace / Re: Investors for bitcoin stock market and credit rating agrency, dev started! on: February 26, 2011, 01:17:42 PM
Just one question for clarification:

Is this stockmarket for investing bitcoins into bitcoin companies or/ and also for buying existing non- bitcoin related companies?

2305  Economy / Speculation / Re: Bitcoin Technical Analysis on: February 25, 2011, 10:13:03 PM
Here a very brief Technical BTC Update.



BTC/USD remain in a correction phase.

While the short term head and shoulders bearish pattern has been invalidated with the break above 0.95 $, the intermediate correction isprobably  not over.
There is a strong likelyhood that we see another leg down toward 0.8 , or even 0.5 eventually.

Only a strong rise above the 1.0 - 1.1 $ area brings the bull back into the lead.



Your S3052
2306  Economy / Trading Discussion / Re: Shorting on mtgox on: February 25, 2011, 09:02:11 PM
Short BTC:
Not currently possible automatically.
You need to find someone who lends you BTC for a certain period of time, for a percentage fee.
Then you sell the borrowed BTC on an exchange (ie MtGox)
And after that you wait until prices dropped and repurchse the BTC
Finally, you return the borrowed BTC to the lender.

Watch out: If BTC prices rise, you make a loss.

Short USD:
Easier on typical western exchanges. You need to select the currency pair (i.e. USD/EUR, USD/JPY, etc.) and you find warrants, bear certificates, etc. to play either side.
If you want to short USD vs. BTC, this is easy: It just means you buy BTC for dollars (if you have USD...)

hope this helps a bit

Well, with currencies this isn't quite accurate imo.

As you know every exchange rate is made up of a currency pair ie: BTC/USD. By holding BTC your are automatically shorting USD because you believe the value of the USD to decrease with respect to BTC. If you sell BTC for some USD then you are taking a short position in BTC (and a long position in USD) because you believe the value of BTC to decrease with respect to USD. Unlike stocks you don't need to borrow anything from anyone. If you want to short BTC, just don't buy any and wait for the price to drop, or sell some of the ones you currently have.


I think this is also not perfectly accurate.

In case the value of BTC fell lets say 70% (as it did in November), you can make a 70% profit with shorting, provided you buy back at that low value.
Just keeping them would not help making this profit.
2307  Bitcoin / Project Development / Re: Go to Wall St in Front of N.Y. Stock Exchange With Sandwich Billboard - 100BTC on: February 25, 2011, 08:32:12 PM
me too.

He did a great and especially brave job.

He also gets my 30 BTC, despite the fact that he did notlink his outfit to the bitcoin idea.

Please let me know the address.


Still, my marketing experience tells me that next time, he needs more creativity about his look to create more awareness. I am happy to help planning the next event with a "concept" development and helping on preparing the plan.
2308  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 09:11:36 PM
Apparently, there is a strong argument from MtGox (who, by the way, has played a significant role to drive thge bitcoin economy and idea).
The argument is that there is some evidence that this guy is a scammer.
Lets just wait for MtGox to work this out with baron.
2309  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 08:44:40 PM
+1

It seems very very likely that Baron is a scammer, and a smart one, trying to get people on the forum on his side.

Whatever the objective of bitcoin is, it is not right to help scammers.
2310  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 23, 2011, 11:11:03 PM
+1

Apparently, there was a big scammer stealing 45,000 if not more coins months ago.

This should be properly investigated before returning the funds to this person.
2311  Other / Off-topic / Re: I'm intrigued by the idea of Forex... on: February 23, 2011, 08:22:52 PM
There is a great books called "market wizards".

If you read some of it, you realize what is going on behind the scenes.

And, you realize that it is probably only 1 in a 1000 to CONTINUOUSLY make profit (like Vladimir has mentioned above, there may be 20% who make some gains over 1-2 years, but then lose all again).

Not to scare you, but in line with what others mentioned before, and in line with any other profession, you can only sustainably win if you are a damn expert.. so you need to study, learn, practice, fail, learn again more, practice..
2312  Economy / Trading Discussion / Re: Shorting on mtgox on: February 23, 2011, 07:38:56 PM
Short BTC:
Not currently possible automatically.
You need to find someone who lends you BTC for a certain period of time, for a percentage fee.
Then you sell the borrowed BTC on an exchange (ie MtGox)
And after that you wait until prices dropped and repurchse the BTC
Finally, you return the borrowed BTC to the lender.

Watch out: If BTC prices rise, you make a loss.

Short USD:
Easier on typical western exchanges. You need to select the currency pair (i.e. USD/EUR, USD/JPY, etc.) and you find warrants, bear certificates, etc. to play either side.
If you want to short USD vs. BTC, this is easy: It just means you buy BTC for dollars (if you have USD...)

hope this helps a bit
2313  Economy / Speculation / Re: Bitcoin Technical Analysis on: February 23, 2011, 07:22:38 PM
As promised, here is tonight's Technical BTC Update.
2314  Economy / Trading Discussion / Re: Regular Poll for BTC bull / bear index on: February 23, 2011, 07:15:01 PM
working on it, but takes quite some effort and time...
2315  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 22, 2011, 08:26:59 PM
for sure, if someone sold 45,000 bitcoins in one go, this would be bearish for bitcoins
2316  Economy / Speculation / Re: Bitcoin Technical Analysis on: February 22, 2011, 08:10:49 PM
Your comments make a lot of sense

From a long term view,

* Big support is 0.5

* Strong resistance is 1.0 - 1.1 (all time high)
2317  Economy / Trading Discussion / Re: Regular Poll for BTC bull / bear index on: February 22, 2011, 05:31:40 PM
Let see what the current sentiment is:

I have reset the poll again. So, folks, tell us what you think: Up, same or down?

Please vote
2318  Bitcoin / Bitcoin Discussion / Re: bubble imminent on: February 22, 2011, 08:24:00 AM
a simple explaination is that the person wanted to get the market price down without harming the overall sale (this is what you see in the average price of 0.72: this person has driven the market to 0.1 and still got an average price of 0.72 $

these things are always happening in financial markets. big players = big banks do that all the time.

I am not saying this is good, it's just reality.
2319  Bitcoin / Bitcoin Discussion / Re: bubble imminent on: February 22, 2011, 08:17:23 AM
As much as we all dream about ever rising bitcoin value,
there is not a single financial or commodity or land or housing market that goes up in a straight line.

So you suggest that eventually everything goes up just not in straight line? And how long must the leg down be to decide that it is no longer going up?

I'm sorry but bitcoin has zero intrinsic value. Just like fiat. The only thing that makes it valuable is the supporting economy of goods and services that can be traded for bitcoin. Growing a bubble is not going to strengthen it. And there is a lot of bubble mentality on this forum. Like this post:
http://bitcointalk.org/index.php?topic=3713.msg52668#msg52668

If bitcoin continues to go up in value without the bitcoin economy following, it will finally crash. And if the mass market learns that bitcoin is another "beanie babies", it will never become a global medium of exchange. It will remain a toy for geeks.


I could not agree more with you.
I am not saying it will always go up. Only currnetly, the market has been going up in a stair-step pattern and there is not (yet) anny reason to declare a crash or bubble.
As long as the longterm trend is up (trendline, see my chart analysis) the overall bitcoin market is in a strong uptrend.
If this changes, it might crash.
If the uptrend holds, then the underlying reason may be that bitcoin gets more wildly accepted which supports BTC/USD prices.
2320  Bitcoin / Bitcoin Discussion / Re: bubble imminent on: February 22, 2011, 07:58:44 AM
all this is completely normal in financial markets and has nothing to do with bubbles or bubblegums ;-)

Yeah, because as we all know bitcoins can only go up. Buy now or be priced out forever. The bitcoin supply  is finite and the demand is infinite. Just like houses. You know, they are making no land anymore. 

There are never any bubbles in the markets and everyone will be rich. You just need to buy.

As much as we all dream about ever rising bitcoin value,
there is not a single financial or commodity or land or housing market that goes up in a straight line.

And cuurently there may be some people interested to drive the bitcoin value down to be able to buy cheaper again.
this could be the reason why someone crashes bitcoincentral bitcoin value to 0.1
this can be done with minimal funds as the market is so illiquid.
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