will we see a down this Monday morning or will it go up? what do the majority thinking? i see that we have good support back to 115 and upp to 126$ its 8400 , how things have gone in the other modes at this situation after the weekend? Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ?? or do i think wrong please help  We are going down this time. People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began. so there is no reason to feel safe for the backupp? my thinking about the monday cash will come in is wrong ?  (learning ) We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal. Just giving my prediction... I might be wrong though. Feel free to test the market and your own prediction. $120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  |
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Google trends shows the real interest in Bitcoin. It was mentioned every few days in the run up to $266 but it's not mentioned so much lately. Here's why :  it was also mentioned.. that google trends folows the price .. not the other way around I agree entirely which kind of proves my point. After the $266 peak in the google trends chart it just went down, there was no additional interest following the crash when the price bounced from $50 to about $166 and then continued downwards again. If google trends follows the price it should have shown increased interest after the $266 peak but it didn't, not one bit.
That's because the recent price rises are purely speculative and will run out of steam.Well, this early in BTC's progress, it pretty much is all speculation, no? And at the same time fairly good size amounts investments and $$$ are coming in. Pretty big and well respected VC's are saying BTC is HUGE. There are hundreds of millions of $$$ to be saved by using BTC over paypal, visa, mc, ae, western union, etc. The list goes on and on, and I guess you can say speculation, but that is like saying AOL at $5 a share was speculation. It was and so what? The writing was/is on the wall, can read it? |
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They don't have a problem with addiction to inflation - they have a problem with lack of growth and inflation is the correct way for them to get out of the situation they are in. Inflation will fix their demographic issues? Their oversupply? I seem to have used the wrong product to compare inflation to: That's too much to hope for. But it will help their deflation problem. Let me say this in no uncertain terms: Deflation is not a problem. It is a symptom. Treating the symptom does not treat the problem. And in an instant Hawker started to question what he believed in... |
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That is really interesting. Thanks for the reposting in higher resolution.
The demand vs offer ration sounds particularly interesting. Is it technically similar to any other indicators?
Will have to pay attention to that if you keep the charts up (and or is it elsewhere?)
IAS
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And consider this, the Uranus Pluto square is hitting planets/points in BTC's Birth Chart. This has been felt however for a good month now. I wouldn't say the peak is tomorrow exactly. It strengthens on way to it for sure and imo often wanes (but is till there) on the move away.
Just a few points, very superficially - just a start...
Uranus is conjunct the Midheaven - both in Aries. (A conjunction means that Uranus now in the sky is sitting on the Midheaven (of the birth chart), close by - less than 1 degree away). The Midheaven is a point and quite symbolic of your job, career path, social standing, public face (I like that one), etc. Uranus is bringing freedom to what the Midheaven represents. Here is a short online interpretation, geared more towards a person, but you can see how it can impact BTC as well "TRANSITING URANUS CONJUNCT THE NATAL MIDHEAVEN--This transit can bring sudden changes in the way you define your individuality before the world. It can affect your profession, your social standing, and your reputation in the eyes of others. This can help you to gain more freedom from past experiences, but it could also mean a greater loss of freedom if you should be tied to past actions. There is certain to be tension in your public life, and the course of your freedom depends upon how you handle them. Events may force you to change your line of work entirely, or to change your position in the kind of work you do. " On top of that, the Midheaven is in Aries, really nice. Aries loves learning by trial and error, is a warrior (the Ram) and like Leo (below) gets noticed.
Saturn is square (90 degrees off from) the Ascendant. Saturn (often represented by things related to structure, rules, criticalness, judgement, etc. - often government) is in Scorpio (which is about regeneration, "death" of things, rebirth, etc. Scorpio often is where we would abuse certain things). The ascendant is about how others see us, how we cope with day to day things, . It is in Leo - and Leo gets noticed to say the least. (Nice that the conference is now ;-)) One might say there is a reckoning or the like happing right now. The square angle is quite challenging/irritating. Something must be righted in a sense. Put that puzzle together...
Hold on, this can be a volatile ride (up or down) and is the meaning of volitility (especially the Uranus involvment). The last month has been.
Lots more happening in the chart right now, but those two transits are huge...
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When did the German economy go wrong? The German economy went wrong when their industry went wrong. Not German economists and bankers, but German engineers are guilty for Weimar Republic crisis and coming of Hitler on power! German engineers couldn't figure out how to make dynamically changing wheelbarrows to accommodate dynamically changing size of banknote bales necessary to be brought to the bakery to get a loaf of bread. ehehe. Yes, it is clear this wheelbarrow was not senior friendly.  And this one was just not maneuverable enough. Really too big to bring a loaf of bread back on as well.  |
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...snip...
It is a Ponzi Scheme that can't be kept up endlessly. And when it goes it comes back down hard.
...snip...
A ponzi scheme implies that there will be a day of reckoning. There never is one for a state - when a 30 year bond falls due, it issues another 30 year bond if it doesn't have the tax revenues on hand to settle it. The difference between our opinions is that you seem to think that the statist economies will fail in their own terms. I really don't see that happening at all. Countries like Ireland, where I am from, are paying the price for leaving the state game and becoming subsidiaries of the European Union. If Ireland still had its own currency, it would be fine. The interesting thing about Bitcoin is that it can be a competitive alternative. The Soviet states did not fall apart due to inefficiency. They failed because their people saw that there was a better alternative. Even the leaders thought that having their kids live in the West would be better than life in Communist poverty even though the Communist states were a great success in their own terms. Likewise, currencies like the dollar are fine in their own terms but having your funds in Bitcoin is a way better decision in terms of future spending power. That fact will change everything as more and more people become aware of it. From Wiki - "A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.[1]" This by all standards is the stock markets right now. Look at the US and now Japan. The stock markets are shooting up all the while productivity, income, etc. are going down. How is this even possible? It's because money is fleeing to the stock market because banks are not paying good interest rates and banks are further "investing" into them - all to support this policy which is just making shareholders richer. It can help anybody with funds in the market of course, but again, this thing will have to come down. We can't keep up this kind of policy as a long term policy. It is an EMERGENCY policy because of recent and past quantitive policies. This is a Bitcoin forum and I just don't see you finding support for quantitive easing talk. Bitcoin is basically the savior of the problems those types of policies have created. And also, you never addressed your first personal attack which was saying I am pessimistic (in general) and yet when you look at my posts it is clear I am Pro Bitcoin. You are trying to label me as something because I don't agree with you on quantitative easing, and you have ignored that. Bitcoin is a better alternative... |
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Hi, I've been playing around with Gnuplot during the last couple of days.  Any idea of what I could add or improve ? Cheers ! Can you put up a higher resolution version? I can't make anything out. Would love to comment... |
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...snip...
The average unemployed Briton today is better off than the average employed Briton was back in the days of the gold standard. Like it or not, progress is real and if you want to say that something has been "degraded" to make it happen, then obviously that thing needed to degraded.
Is that a knock against the gold standard? I mean there are many many reasons things could have been worse back then than they are now. Using "intelligent sounding words" (e.g. quantitative easing) is just hiding what is happening - printing money to stimulate an economy, which is a dangerous experiment. Economists say as much. These super artificially low interest rates are stealing money from savers and those savers, quite often, put their money into the stock markets to get a return. The banks are also funneling lots of money into the markets. It is a real life Ponzi scheme. Is it worth it to experiment on an entire economy when it can go pop? How can globalization work when we have so many different cultural values regarding money around the world? Just look at the EU and the failures there (not to mention American "interventions" - Trillions in "overnight" loans to get around banking laws in America - starting last year). Throw into the mix the naked short selling going on with Silver/Gold, we are making a dangerous recipe for failure. Its a dig against the pointless pessimism that you spread. Moving from the gold standard was a positive move. QE has been a positive move. The real "dangerous experiment" has been to see what happens when you let unemployment rise and keep it artificially high out of a fear of inflation. So far the results have been poor. Meanwhile the good news from Japan keeps rolling in: http://www.nytimes.com/2013/05/19/your-money/japan-starts-to-recharge-after-two-lost-economic-decades.html Pessimism? Hey guys, look at my post history. I'm very pro BTC and what it represents. Don't confuse my optimism for BTC with my pessimism for Quantitative Easing. Moving from a gold standard had a positive effect in many ways, namely liquidity. But there were many many bad effects. Most notably it got the country into huge debt and try to see if there is a connection with the all the wars. Remember John Kennedy put into action executive order 11110 to allow the US Treasury to coin and print money as the constitution called for. He basically told the private federal reserve "Why are we paying you interest? We should pay our selves interesst". And that is what he did. He put into circulation billions of US Treasury notes. They were pulled after his death. It would have gotten America out of debt. The world wouldn't be in the economic crisis it is in right now. QE is just starting. Do you realize they can't just stop it (and raise rates) as it will pop by definition? Do you have any real idea what is going to happen. Did you just see the Cypress people get their funds stolen and gold raided? What is happening in Ireland, Spain, Italy, Portugal, etc? What is going to happen in Japan? Their stock market is shooting up but that is just giving false hope, just like in America - it will shift funds from banks (where interest is looooow) to the stock market - It is a Ponzi Scheme that can't be kept up endlessly. And when it goes it comes back down hard. Your unemployment example I can agree with. But the numbers are fudged enough as it is AND people are working at lower paying jobs more and more. Much smaller issue as unemployment is a result of a lot of what these banks have been doing and set into motion. Quantitative Easing is dangerous...  |
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Wow, that is huge news and how did I miss that for 3 days??? The growing acceptance is great, but being that we are just starting our Black Swan Antifragile phase (  ) we need to get the word out. This news is like both free advertising to millions of new users about BTC and also helps to gain BTC acceptance / use. Just wow, unbelievable. First the China new with CCTV and now this. I see these two bits strong evidence of growing international support. 10, 9, 8, 7, 6... |
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If anyone doesn't like chartbuddy, just put it on ignore. What is the big problem?
This is a community site. To me, something feels off about a bot that posts every hour or so. Its not a big deal - just a feeling of intrusion on a conversation. I can see your point. If one isn't interested in it, it is a bit like "spam". But, isn't it just in the Wall thread regularly? And the pic is to describe the wall, or aid in it, so it is totally on point/topic. Would putting chartbuddy on ignore be any worse or better for you (and others) than disabling it? What do we lose just putting it on ignore? Even if only 35% want it and the rest don't and they vote on it to be disabled; then you have 35% unhappy people and that doesn't make sense to me when all we have to do if we don't like it is to ignore it. It is almost like A Democratic Republic, which was oddly America's "original" idea. You don't have to go along with the majority if you don't want to. You have a choice. Basically you don't interfere with anothers' rights and vice versa. Doesn't ignore do it all? |
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Why do so many people find it hard to accept that things are fine?
How much are you paid per post, Hawker? The system has continuously degraded. It's a one way evolution that can't be reversed. It's an evolving, one way process.
....snip...
Yet life gets better and better. Its almost as the system needed to be degraded in order for us to have a pleasant standard of living. CHA-CHING! That one deserves a bonus. A couple of you other guys could get a job where hawker works or maybe you guys already work there?  The average unemployed Briton today is better off than the average employed Briton was back in the days of the gold standard. Like it or not, progress is real and if you want to say that something has been "degraded" to make it happen, then obviously that thing needed to degraded. Is that a knock against the gold standard? I mean there are many many reasons things could have been worse back then than they are now. Using "intelligent sounding words" (e.g. quantitative easing) is just hiding what is happening - printing money to stimulate an economy, which is a dangerous experiment. Economists say as much. These super artificially low interest rates are stealing money from savers and those savers, quite often, put their money into the stock markets to get a return. The banks are also funneling lots of money into the markets. It is a real life Ponzi scheme. Is it worth it to experiment on an entire economy when it can go pop? How can globalization work when we have so many different cultural values regarding money around the world? Just look at the EU and the failures there (not to mention American "interventions" - Trillions in "overnight" loans to get around banking laws in America - starting last year). Throw into the mix the naked short selling going on with Silver/Gold, we are making a dangerous recipe for failure. |
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If anyone doesn't like chartbuddy, just put it on ignore. What is the big problem?
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I think we could get the stars of the music world on board if they figured out that they can be paid directly...their entire industry could be changed for the better using Bitcoin.
The artists could actually get paid for their art, instead of getting shafted repeatedly at every level of production and distribution.
Essentially every artist could be an indie artist....with the benefit of possibly getting rich from their work.
Right now the music industry is in a very screwed up top heavy organization, with contracts designed to contain new artists so that they can never hope to make real money. This has produced "one hit wonder" after "one hit wonder" and the producers are the ones getting rich as a result. They do not want bands to be successful beyond the one hit wonder, as it means in the next contract they will have more leverage to get paid.
Their fans should be the ones deciding the success of our favorite bands....not the fat cat producers.
Bitcoin is the solution to this problem.
Agreed. I've wondered why more Artists don't have "paypal" donate buttons if you like their music but don't want to buy it. Now with Bitcoin it would be fee free, even better. Artists and BTC go great together... (sounds like a commercial ) |
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It is very sad that the general populace rely on those good at singing or at kicking round objects to think for them.
It is also sad that we are lead by the least among us. But you deal with it. |
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What would happen if the lead singer of a very very popular band started talking about Bitcoin?
What would happen if another key figure in the minds of millions (as John Lennon could have in the past) started talking about Bitoin?
ENDGAME...
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See, you are purposefully missing the point.
Hint: They don't really look like isolated incidents to me.
They are not isolated incidents. They are proof that Bitcoin has hit the radar. At this point everything that is legally sketchy has been shut down. The banks are no longer pretending that they are willing to do business with anything that threatens their oligopoly. (Unless it pays well enough.) The record labels lost. But artists are actually better off. The US government tried to stop PGP. It lost. This time it's the banks that own the governments. They can shut down the internet, or they can lose. And if they shut down the internet, they will be explaining to Boeing and Airbus, Exxon and Total. The banksters have not yet won the arms race. You are making a mole hill into a mountain. What happened with Dwolla/MtGox was NOTHING. Look deeply into it. It is nothing. It is a blessing in disguise if you think even a bit about it. I'm not saying we come out on top, for as you said, perhaps the internet get shut down. But, I trust in Universe... |
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Since BTC seems as much a revolution as it is a "monetary" movement, I wonder what would happen if a "notable" person endorsed BTC. (Actually, I think, the outcome is clear as people listen.) Do any of you remember when John Lennon spoke out against war? That affected the populace as a whole. Who is going to speak out? When will the tipping point be reached? You all think getting VC money and such is big? you have seen NOTHING yet. The fun is just starting. I really wonder, how many people have ANY IDEA how BIG this is? How many of you see this? This is game changing, extremely game changing. Wars have been waged for less... It's about Sharing |
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I wasn't aware of that. But, due to the design of the network, you can't do naked shorting I would think. So, shorting would mean, borrowing actual shares from someones account and then selling them and promising to buy them back at a later date. I would also think that you would have to cover the sell in cash and would be subject to margin calls as well. I don't know if shorting BTC nor derivatives, could really ever "work" at quite the same was as they do in the stock market. For one, most people don't keep their coins in the exchanges - right there you can't borrow them for sale.
It works on Bitfinex because there's a pool of USD and BTC that's lent on a P2P system in exchange for interest. USD interest is very high and BTC interest is very low. I guess some investors would do that, but die hard BTC'ers would NEVER EVER allow their coins to be used for such purposes. In the grand scheme of things it is probably quite small at that site and I can only hope it stays that way. Again, due to the nature of the network, you are not going to see naked shorts. And, due to most keeping larger amounts of coins offline, you just won't get the short volume needed to manipulate. What is a naked short? Bitfinex is a great example, I at least like their concept, because it's actually "from the people, for the people" due to their P2P lending system. There are margin requirements, which by the way, could be one point the CFTC could regulate. (the requirements) I'm not sure if I like it or not, because our overall goal should be a higher price, but I'm not sure, if my thought process isn't to shortsighted and this is an valid argument at all, because they have to buy back the coins when closing the position.. Anyway, you missed one importent point when it comes to money: where money can be made, there will always be people who try to exploit that. A current example would be the "true believers", who would never ever sell a Bitcoin, vs. the speculators, who trade the swings and are selling, buying lower etc. Another thing to think about.. when we trade, we aren't actually transfering Bitcoins on the exchanges, but I assume, all Bitcoins are backed up by real Bitcoins. I've read that the "real" finance does that at an even greater extent - many CFD (?) brokers simulate shorts etc. within their system, which results in a state, where traders play against the house and not against the market. Well, I don't like shorting. It is another instrument of manipulation. I know derivatives can help miners, just as how they help farmers in agriculture, but moreso they can be instruments of manipulation. Luckily we are somewhat protected by the "infrastructure"/blockchain of BTC. Did I miss that point, really? I said a few posts ago that BTC is just an intermediary away from money as we know it. I love what BTC stands for but in the end, not that far from now, I don't see money in it's current form (with or without a central controlling entity) being an answer. When you look at it, clearly money has problems. There is still too much power involved. Something more along the lines of a time based currency, to me, seems like a better solution. But that is alongside, and after, BTC. When we trade EVERYTHING is in the blockchain. The shorts (which are just sells in this model) are in the blockchain. That is why I said naked shorts can't work. Something to consider with the stock market, A LOT of shares of stock are fake. The stock exchange itself should implement a blockchain model to control counterfeit shares. |
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I guess some investors would do that, but die hard BTC'ers would NEVER EVER allow their coins to be used for such purposes. In the grand scheme of things it is probably quite small at that site and I can only hope it stays that way. Again, due to the nature of the network, you are not going to see naked shorts. And, due to most keeping larger amounts of coins offline, you just won't get the short volume needed to manipulate.
Right now there are approximately 2200 coins lent out to short sellers and another 1800 available to borrow on Bitfinex, so around 500k USD at today's price. Not a massive sum, but enough to make shorting viable for traders on that platform. You do have to keep assets on the exchange to cover a potential margin call, and no, there is no naked shorting. Technically, Regulation SHO prohibits naked shorting on U.S. stock exchanges too, not that it doesn't still happen. Well, a 2000 BTC sale can for sure kill a rally (smaller one). I would think for shorting to really really matter, we would have to be talking in the 10's of thousands? Thoughts. Thanks for the information by the way. We have to look at everything, even those things we don't like to see. |
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