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2661  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2015, 12:52:46 PM

I like the 5-wave elliot theory. (don't know EW myself, though).

To EW experts: is that in line with this?

Tracing out giant triple zigzag bullish wedge since ATH.

?
2662  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2015, 12:46:33 PM
Lets just accept the low price and embrace Bitcoin as a technology. No need to be greedy  Grin

I can't accept the price because it's no fair price for the Bitcoin. There are just whales you are dumping all day long.

But isn't that part of finding the price? Supply and demand? If supply is higher than demand at a certain price, price drops.

I don't see the problem (although it hurts to see my stash be worth less and less, of course)
2663  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2015, 12:45:02 PM
For the noobs I explain what will happen the next few days.
Watch closely, turn off your emotion and just trade accordingly.



What price is the lowest you predict it will go? It's difficult to work it out from that chart.
I honestly don't know for sure.
I would say at least 250.666

Do you think that will be an all time low for this year? Is it too difficult to predict a year in advance?

There is a small chance there will be a double bottom with roughly the same price a few weeks later. So in case you missed the first bottom, that one will be the last.
After that we will never see that bottom again in 2015 and beyond unless cryptocurrencies in general fail or some other pandemic black swan event.


I can tell you closed your short.
2664  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: January 04, 2015, 05:57:21 AM
ach man ey soll ich jetzt nachkaufen oder fällt
der kurs noch nen bissel ich wees grad nicht so
recht was ich machen soll...

"if you don't know what to do, don't do anything"
2665  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 03, 2015, 12:49:11 PM
Okay, so I went margin short at finex some weeks ago.
Does someone know how I place a bid order at a certain price which automatically opens a margin long and closes the margin short?
Does it have something to do with the OCO order? (one cancels the other)

just a normal limit buy order (on 'margin trade' tab of course, not on 'exchange' tab) will do. When your position crosses from negative to positive due to the order being executed, you then have a long instead of a short position.
2666  Economy / Service Announcements / Re: Bitfetch - Anonymous Remote Torrent Downloading on: January 02, 2015, 08:15:25 PM
use put.io instead. accepting bitcoin as well, and easy as pie to use!

works for me, thanks.

not nearly as nice a gui as bitfetch and billing is time-based instead of volume based. Also requires registering with email (or does it?).
2667  Economy / Economics / Re: Dollar coming to an end on: January 02, 2015, 06:36:26 PM
US Dollars is going to rule the world as long as USA lives.

I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.



why? the EUR is way ahead in the race to the bottom.

Many consider deliberate currency devaluation to be a tool that can help jump start a nation’s economy. The aim of such a practice is to increase exports while encouraging domestic purchases by making goods outside of the country relatively more expensive.

However, like any good prisoner’s dilemma, this might be the case if only one country acted in isolation. The reality is that many major countries engage in the same policy, and the end result – as the infographic details – is a race to the bottom.

The currency war isn't over yet, though.
2668  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 01, 2015, 10:05:41 PM
This thread have so many off topic and members come here just to post anything they have in mind  Undecided

for me, that's the point. the lounge where the crazies hang out talking shit.
2669  Economy / Speculation / Re: $10,000 when? on: January 01, 2015, 09:37:08 PM
Unfortunately 10,000 will never happen.  It had high hopes to begin with but it looks like it is finally going to crash:(

It loses some value during one year and you don't believe anymore. Please sell your coins to someone with a bit more belief.

It lost quite a bit of value in one year actually.  It went from 1200 to 300 in 1 year.  It has consistently gone down this year too, with a few spikes here and there, but the trend has been downward since January.  Of course I don't want it to fail, but if it looks like it is, I am going to say, it looks like it is failing.

Dude, Bitcoin price went from $32 to $2.5 in 2011. That's the same as going from $1200 to $94.

It looked like it was failing to many people back then. Yet it wasn't, it was just a correction. Bitcoin does this and it will probably continue doing so for some time.


I'm seeing the floor a $100 also.

That's not what I said. I think the bottom is already in with a higher than 50% probability.
2670  Economy / Speculation / Re: $10,000 when? on: January 01, 2015, 09:34:16 PM
Maybe if big groups and companies such as paypal, ebay, amazon start to accept bitcoin.

fuck that (sorry for language). I don't care. I want the people to use bitcoin.
2671  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 01, 2015, 03:13:38 PM
Can still not enter bitstamp

500 Internal Server Error

Any idea?

It works for me so it's probably only you who have some problem

500 doesn't sound like it's him.

ejinte, try shift-reload?
2672  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: January 01, 2015, 03:00:16 PM
schade, dass so wenig beteiligung hier ist wenn es ans eingemachte (TA) geht.  Sad

danke für deine Charts und frohes Neues an alle!

habe mal einen sehr viel kurzfristigeren Chart gemalt (bfx, 15 minute)



Die obere Linie ist so ca. dieselbe welche du auch benutzt (bei $475 aufgesetzt). Die untere sieht man ja.

Entscheidet sich bereits um 18:45... ich bin doch immer so ungeduldig. Warum bis morgen warten, wenn man heute schon sehen kann ob TA funktioniert Wink (ja, tut sie, aber ob auch in so kleinem timeframe ist fragwürdig)

EDIT: ich hab mal zum Spass 2 kleine stop-orders reingehauen, sell bei 314.7 und buy auf 318.3.
2673  Local / Treffen / Re: Hamburg Bitcoin-Treffen, 1. Mittwoch im Monat, 19:00 im SternChance on: January 01, 2015, 12:52:09 PM
Der Januar Stammtisch wurde auf dem 31C3 abgehalten. Der nächste Stammtisch findet am

04.02.15
um 19:00 Uhr im SternChance (http://sternchance.de/) ist wieder Bitcoin Stamtisch.
Tisch ist wie immer auf "Bitcoin" reserviert.

super, danke.
2674  Bitcoin / Electrum / Re: Twitter and GMX accounts compromised on: January 01, 2015, 03:31:31 AM
Satoshi, ThomasV, and Molecular have all been affected by their GMX email being hacked? I think this is more than enough warning for those using GMX to migrate to a new mail provider ASAP, there's either a serious flaw in GMX, or someone inside of GMX is doing some dirty work against those known to use cryptocurrencies.

I agree. I can only recommend staying away from gmx, at least for now.

My best guess is some exploit on gmx that allows password reset.
2675  Bitcoin / Electrum / Re: Twitter and GMX accounts compromised on: January 01, 2015, 03:00:30 AM
my gmx password was changed again on 12/30 (wasn't me)

now, I was as CCC (german 'hacker' congress) and accidentally had wifi enabled on the first day. My K9 mail polls all my mail accounts regularly via IMAP. The settings of the gmx account were to use STARTTLS and 'normal password'. Since I'm assuming this is safe (assuming TLS > 1.0 is used and the 'normal password' is sent via TLS encrypted channel, correct me if I'm making wrong assumptions), I find it more likely that the "gmx password reset exploit" has been used again on me (see previous mail).

I now consider gmx to be incompetent and their service to be highly unsafe. I moved all of 22743 emails from their servers and will change the email on all important sites I used it on.

I saw plenty people log into all kinds of accounts via WiFi on a broad variety of machines which included WinXP at 31c3 and I doubt there have been issues regarding this.

yes, I think it's unrelated to my 31c3 visit.

password got changed yet again.

2676  Bitcoin / Electrum / Re: Twitter and GMX accounts compromised on: December 31, 2014, 03:20:30 PM
my gmx password was changed again on 12/30 (wasn't me)

now, I was as CCC (german 'hacker' congress) and accidentally had wifi enabled on the first day. My K9 mail polls all my mail accounts regularly via IMAP. The settings of the gmx account were to use STARTTLS and 'normal password'. Since I'm assuming this is safe (assuming TLS > 1.0 is used and the 'normal password' is sent via TLS encrypted channel, correct me if I'm making wrong assumptions), I find it more likely that the "gmx password reset exploit" has been used again on me (see previous mail).

I now consider gmx to be incompetent and their service to be highly unsafe. I moved all of 22743 emails from their servers and will change the email on all important sites I used it on.

2677  Economy / Speculation / Re: $10,000 when? on: December 30, 2014, 07:25:50 PM
I think another thing that has changed is that there are all these new ewallet services from google and apple and whatnot.  Two years ago, bitcoin seemed to be the only thing in this space.  Now, google and apple have entered and that is tough competition.  Note that I'm not saying these services from these companies are necessarily comparable to bitcoin.  But from the public's perspective, they are both epayment systems that aren't credit cards.

That's actually a good thing (tm)
2678  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 30, 2014, 12:48:28 PM
for those who miss their daily SC's hit, go here for an excellent discussion btwn this guy Coinlock and nullc over on Reddit.  Coinlock gives some very clear and cogent arguments against the peg and shuts nullc down real quick:

http://www.reddit.com/r/Bitcoin/comments/2qpdnc/gregory_maxwell_how_i_went_from_bitcoin_skeptic/cn8dne9

I don't see it that way.

I see you were happy about coinlock saying this...

Quote
Now super-risky-coin collapses, I lose my Bitcoin because the information about the relative risks was hidden in the deterministic rate.

To this I would say: you already lost your Bitcoins when you swapped them for super-risky-coins. That information isn't hidden at all. When you 'move' (it's debatable wether that's a good expression to use) BTC -> scBTC you're well aware you're swapping your bitcoins for sidechain coins, aren't you?


If that's a real question, then, but of course.  SC's mechanics are easy to understand. But economically do they work and will they be good for Bitcoin? The answer, I think, is more philosophical.

I think Bitcoin is, and has always been, simply  money. It has gotten to where it has based on economic assumptions of how the blockchain works currently. SC's change all those assumptions. That is a mistake, imo.

If people can be lured into thinking their scBTC are BTC (even just 'monetarily'), then yes, that's a danger. The same kind of danger as thinking mtgoxBTC are BTC.

going back to ccc now. side-note: the 'hacker crowd' seems much more open to Bitcoin than a year ago.
2679  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 30, 2014, 12:43:32 PM
for those who miss their daily SC's hit, go here for an excellent discussion btwn this guy Coinlock and nullc over on Reddit.  Coinlock gives some very clear and cogent arguments against the peg and shuts nullc down real quick:

http://www.reddit.com/r/Bitcoin/comments/2qpdnc/gregory_maxwell_how_i_went_from_bitcoin_skeptic/cn8dne9
nullc :
About the only thing negative you can say about a system which is truly backed by Bitcoin is that it doesn't create huge incomes for traders. Many people wouldn't consider that much of a negative.

Does he heard about Soros?
When two things are pegged while they don't have the same economic features, then the pegged is temporary, and that creates profit opportunities and people prompted to accelerate the failure of the peg system.

It looks like sidechains people think because two things are pegged they magically become the same thing. From 1984 to 1997 the thai bath was pegged with the US dollar, that doesn't mean that the bath was the same thing than the dollar. Sooner or later the market forces end up destroying the top down price fixation.

Yep, that contorted remark by nullc is painfully naive.  He totally neglects the fact that these SC assets will have a  separate exchange price in fiat that certainly can and will be pumped and manipulated to all sorts of illogical levels. SC's don't solve any of those issues

Please, we have been going over this times and times again. The exchange rate of a properly implemented 1:1 SC asset will, in time, closely track BTC prices for many logical reasons.

'pumped and manipulated to all sorts of illogical levels'? Yeah, that's ridiculous. If the peg works, arbitrage would stop that kind of thing in its roots. Also: do you really thing there would be sidechainCoin <-> fiat exchange? I doubt that makes much sense since the peg plus existing bitcoin <-> fiat exchanges can easily be used, no?
2680  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 30, 2014, 12:34:41 PM
Sidechain coins are Bitcoins.

No. There's time (cost) and risk between the two.
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