3d MACD divergence turned red on all exchanges, for the first time since May.
Good. I'm still waiting for a 1W to be red. Is that because you are short BTC/bearish or because you are looking for the MACD to uncross the otherway again, before a bump up?  Going to buy with some newly arrived fiat and wait for the uncrossing. So if we do get a cross and an uncrossing, do you think that the uncrossing will be in approx 25-35 weeks time? (give or take) just outta interest, or do you see the 1 week MACD going on a total bender If you look back before the previous bubbles the 1W MACD went green for a week or two then flipped back red for at least one week. After that flip, it flopped back to green which initated a bubble. I just like to think of it as final capitulation. It will most likely be the last time I buy until the next bubble, however long that may be. So option B for bender. |
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vendors using Bitpay et al are essentially just accepting fiat and perhaphs an unknown % of BTC too (most companies would keep this % to themselves for obvious reasons)
Hm, what would be those reasons? For tax evasion? It would be quite risky, since Bitpay knows how much the vendor received, and even a traditional audit of his books by the IRS could easily reveal the evasion. By the way, I am aware that this discussion is old and my observations have been made by others before. However, there still seem to be people who expect the price to rise whenever such news come out, or claiming that the route USD-->BTC-->USD-->Goods saves money compared USD-->Goods. I was thinking more prudence, privacy,security, shrewdness, speculation - than tax evasion - you slippery so and so you... if I was an investigator at the secretariat of federal revenue in your neck of the woods, never mind the doctors- I would have a close eye on you  |
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3d MACD divergence turned red on all exchanges, for the first time since May.
Good. I'm still waiting for a 1W to be red. Is that because you are short BTC/bearish or because you are looking for the MACD to uncross the otherway again, before a bump up? Going to buy with some newly arrived fiat and wait for the uncrossing. So if we do get a cross and an uncrossing, do you think that the uncrossing will be in approx 25-35 weeks time? (give or take) just outta interest, or do you see the 1 week MACD going on a total bender |
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Amusement
Fib retracement of ATH (MtGox)
0% 1,242
23.6% 949.124
38.2% 767.938
50% 621.5
61.8% 475.062
76.4% 293.876
100% 1
Slap bang
Also just for fun.
extensions
261.8% 4,493.556
200% 3,726
161.8% 3,251.556
138.2% 2,958.444
100% 2,484
61.8% 2,009.556
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Most importantly also the magical unicorn method for sending USD- I think this is the answer Jorge deserved for this simple question- hence that is why I gave that answer to start with.... y'know what they say "ask a stupid question, expect a stupid answer"
But, have you checked how expensive is to rent a magical unicorn these days? insert its happening gif , its cheaper than you think source: http://www.complexmag.ca/tech/2014/01/businessweek-bitcoins-unicorns-cover Good one Gadzooks... Someone needs to tighten that Unicorn - it is spilling all the BTC outta its arse- that is not supposed to happen... |
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why even respond to such comment? you seem to have a lot of time to waste for an academic attention seeker. hum.
It is school vacations here now. (And what is the point of posting in this thread only to insult Chinese traders, bankers, governments, academics, whatever?) I woudl think that a trader who tries to understand what actualy moves the market has some advantage over one who just draws lines on charts...I agree with that much Jorge. Of course he is right, to a degree. Quantitative and technical analysis are useless unless integrated into a broader narrative (see S&P's models for rating mortgage backed securities back in 2006... the math wasn't wrong but it existed in a vacuum away from the broader narrative so it didn't appropriately capture the full range of contingencies). The question is, which one should lead (and is this a fixed answer)? Should you come up with a narrative and the test it against the technical analysis? Or should you use the technical analysis and charts to try to identify a trend and thereafter come up with an explanation? Or do you just entirely wing it by your balls, like most of us, and then come up with a series of post hoc rationalizations thereafter to explain why you did what you did so you can sleep at night. P.S. -- Late August/early September should be a great time. It is possible we'll get the ETF by then (probably not, but possible), the broader economy usually starts to hit the s----er around this time (far enough away from tax return spending sprees and Christmas with no holidays coming up), and, most importantly, student loans drop. The latter, I think, would be an even bigger deal if we had a less sketchy swaps market. Imagine, if you are a student, being able to at least somewhat safely secure a fixed rate on the student loans dedicated to living expenses several months down the road (because it all hits at once) and as such being able to counteract the impact of interest accruing during your studies (for graduate students that happens). It really is too good to be true and people would find a way to get screwed, but it would be nice. Oh yea, and actually most importantly, China's economy is starting to look terrible and their social institutions appear to be fracturing. Yea, we'll get a run. Personally I would not be investing in, holding or buying/spending BTC , unless I believed in my view of the fundamentals - the TA side come later for me , mainly for identifiying good dips, and keeping an eye on the health of the market, and seeing how that fits in with my view of the fundamentals. Plus TA is something I do for other reasons, and so I like to apply it to BTC and test my theories and basically for kicks- I really do have fun at the weekends though. Of course I am aware that there is at the moment a scenario whereby vendors using Bitpay et al are essentially just accepting fiat and perhaphs an unknown % of BTC too (most companies would keep this % to themselves for obvious reasons) and in most cases most likely a large percentage of fiat. I also understand that people that do not hold BTC already , but subsequently buy BTC from an exchange just to spend, and then the merchant just converts it back to USD - essentially dumping the coins - is not an ideal situation (though someone is all ways on the other side of the trade buying) also this is still only bad assuming that there is NOT the correlating adoption, also assuming people are only buying "fresh" BTC to spend on their new toy from Dell, and not another BTC or two for a rainy day or to spend the week/year after) To be honest I thought this was a done to death discussion 6 months ago... however the key words to take from that are " at the moment" Personally I am not a day trader, or even medium term trader, so the short term effects on the potential price are not key to me, and this is how I view the current situation with merchants/Bitpay. The question of if merchants accepting Bitcoin via Bitpay are creating demand for Bitcoin or not, in my humble opinion is still far to early to answer! though I lean towards yes- but via a longer method- personally I am looking at a broader picture, in that I expect the overall market to benefit from more and more merchants accepting Bitcoin as it brings more and more publicity and exposure- it has only really just begun... when you see the BTC on websites and venues everywhere, as you do with say Visa now (which is a process that is being helped along by Bitpay et al) then yes I do personally think that Bitpay will have had an effect on the demand for BTC.. the more that the public psyche is surrounded by BTC, and learns of BTC then yes, I expect more adoption (and yes this fits in with my longer term view of the fundamentals for BTC for many other reasons) So what happens then? if more and more merchants accept BTC and more and more people see BTC, learn about BTC and end up one way or another owning BTC then, as the population of BTC holders increases this will bring an increase in trade volume, and depending on the demand and supply, and the liquidity and velocity , we could end up at a scenario down the road where the price is more stable- I imagine a vastly increased marketcap and networksize , and a higher % of BTC owning population and as BTC reaches ubiquity, then what happens- then when it becomes possible for companies that accept BTC via Bitpay, to decide to keep a higher % of BTC so they themselves can then pay other vendors/merchants/employees etc in BTC.......BUT to get to that stage we have to go through this stage first.... even though the world of BTC/cryptos moves fast, it does not time travel yet... and the short term effects of Bitpay/Merchant USD BTC USD cycle is not clear enough yet, but one thing is, and that is that it brings more attention, and validity and legitamcy, and interest and media attention to the market- especially when it is from large well known "trusted" huge multinationals. Essentially I think that Bitpay et al, and the merchants accepting BTC are going to have a net positive effect on the market, in the LONG RUN, which is what I care about when discussing BTC. In fact I think that to not view the longerterm picture is short sighted in the extreme and frankly a trader or investor that does not consider the longerterm outlook has some disadvantage over a trader that only looks at TA or what makes the short term market move. Just my two cents though. EDIT - the reason that Unicorns arse was the best answer is because - all of what I have written above is obvious within moments of thinking about it, and I would assume everyone on this forum to have got that much by now- hence Unicorns arse- stupid answer for a stupid(old/done to death/premature) quesiton. |
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why even respond to such comment? you seem to have a lot of time to waste for an academic attention seeker. hum.
It is school vacations here now. (And what is the point of posting in this thread only to insult Chinese traders, bankers, governments, academics, whatever?) I woudl think that a trader who tries to understand what actualy moves the market has some advantage over one who just draws lines on charts...I agree with that much Jorge. |
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But can you pay with dollar bills straight to dell? No not on their website, obviously. You must have a bank account together with a card. And for that it will be fees. [ ... ] Bitcoin is free!!!
You can pay Dell with bank transfer (they say "if you are ordering by phone or email", I don't know why not also when ordering via website too). But you are missing the point, it seems. The question was whether merchants "accepting bitcoin" through Coinbase or BitPay are creating demand for bitcoin in the market (and thus contributing to raise the price); or, conversely, they increasing the supply (and thus lowering the price). For people who have USD and no BTC, the bitcoin payment option offers no significant advantage over payment by direct USD bank transfer, since they would have to pay bank fees (and more) anyway. Therefore those "merchant adoptions" are not likely to motivate people to buy BTC. On the other hand, those options are advantageous to people who own old coins, that were bought below market, because they provide a way to take their profits that saves some fees compared to selling the BTC at an exchange and then spending the USD. Also if you would like to move your USD around the world it will be fees and lots of restrictions. I noted that the bitcoin option could be interesting for international payments. However, Coinbase and Bitpay generally do not work across borders (not in the case of Dell, for example), so the point above remains. Christ I am going to go and self harm a little I think........ |
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Most importantly also the magical unicorn method for sending USD- I think this is the answer Jorge deserved for this simple question- hence that is why I gave that answer to start with.... y'know what they say "ask a stupid question, expect a stupid answer"
But, have you checked how expensive is to rent a magical unicorn these days? why even respond to such comment? you seem to have a lot of time to waste for an academic attention seeker. hum. Think the word is banter... and I generally have time for everyone, that is just how I am... and I am not sure if you noticed... but my answer was hardly serious..... As for too much time to waste... maybe you are right there... true for most who post  (edit) Sorry if your post was asking Jorge why he bothered to answer my statement- my bad if so... at a guess since I would be answering for Jorge I would guess the answer would be banter, or he wanted to give a reciprocal stupid answer. Also I must say it is a little bit of a pot kettle black situaiton for you to spend the time posting asking someone else why they wasted time posting in response to something someone else posted which you think is daft? surely that is just compounding the situation? sounds like you may have a fair bit of spare time also  (Banter) All the best. |
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Most importantly also the magical unicorn method for sending USD- I think this is the answer Jorge deserved for this simple question- hence that is why I gave that answer to start with.... y'know what they say "ask a stupid question, expect a stupid answer"
But, have you checked how expensive is to rent a magical unicorn these days? Well that gets a bit complicated, because they do not accept BTC directly (yet, but when they do, I tell you that will be Bullish CCMF etc) , so I have to use pesky blood sodden fiat, and to get the fiat to the Unicorn exchange is a real palava... and the commision is a killer.... but hey what can you do.... also last time they sent me a bloody rhinoceros, getting the refund was a real pain... |
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After the GOX collapse, anyone with fiat or Bitcoins on any exchange has balls of steel. Gox did a lot of harm, and it will take time to recover.
This is why we are seeing so little volume in general, no selling and no buying, sorry but no more bubbles until 2015...
True, but what could possibly happen in 2015 to change this? Are you implying we'll have a trusteable exchange? What constitutes a trusteable exchange? Of course anything is more trusteable than some manchild that used to play Magic the Gathering, but im just saying, what would the ideal scenareo be on there? If the Bit Licences actually turn out to work we might see exchanges in a 'trusted' New York surrounding for example. Maybe even in the vicinity of Starbucks stores! They do large, dessert-like coffees? |
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3d MACD divergence turned red on all exchanges, for the first time since May.
Good. I'm still waiting for a 1W to be red. Is that because you are short BTC/bearish or because you are looking for the MACD to uncross the otherway again, before a bump up? |
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Yes you called the question stupid, and no you did not understand it. If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?
I go to Dell's website, and I choose to pay with bitcoins from my blockchain wallet, no? See why I would rather not buy bitcoin? Exposure to the stuff ruins one's vision so that even the simplest stupid question becomes utterly incomprehensible, even if repeated in boldface -- if the answer turns out to be inconvenient. Yes, Jorge. Most of us here realize that you are a troll, and that is why you frequently ask such stupid questions and make such unimportant comments. There is NOTHING inconvenient about the answer to your question, except that you should be able to figure it out yourself if you were more involved in buying and selling bitcoins. Instead, you claim to have NOT purchased any through any service. There are a variety of ways to acquire bitcoins by wiring money or by handing cash to someone or by mining or by earning them through a service or sales of a product. Once you have the bitcoin(s), then you can use them to acquire Dell products or services (Dell chooses whether or NOT it wants to convert back to fiat and/or when to convert back to fiat, if it is going to convert). Most importantly also the magical unicorn method for sending USD- I think this is the answer Jorge deserved for this simple question- hence that is why I gave that answer to start with.... y'know what they say "ask a stupid question, expect a stupid answer" |
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Agreed day tarding can be hazardous to your wealth.... especially on margin, and especially going short (BTC) on margin. These are things I NEVER do.
Personally though I could not give a hoot if the Wall street traders "clean up" they can look after themselves.
and I hope everyone here on this forum, gets out with as many BTC or $£ as possible and happy new year and good cheer to all I say. That goes for the chart readers, the point and guess "feels good to me" traders, day traders, the hodlers, the bulls and the bears, and even the pigs... the whales can look after themselves - oh and fud spreading market manipulators they can fuck off too.
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One of the things that make me skeptic of Technical Analysis (TA) is their general reliance on high and low points to determine trends and such. Highs and lows are very noisy statistics, that may depend on a single decision by a single trader. So much so, that even for exchanges that track each other very closely (like Huobi and OKCoin), trend lines that connect highs or lows may be very different depending on which chart one uses -- even increasing/converging on one chart, while decreasing/diverging in the other. Basic statistics says that the weighted mean a much more reliable parameter than high, low, open, or close; and a weighted least-squares-fitted line is much better than a line connecting any of those points. To quantify the size of deviations from the mean or the fitted line, the standard deviation is much better than the high-low difference. Fair point. That is where experience and judgment come into play, also seeing TA for what it is, a set of indicators to aid judgement calls - it really would not be possible to have a market at all if there was an indicator that was right 100% of the time. Plus there are ways of helping reduce the noise MA's etc |
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As far as I am concerned it doesn't matter whether the case for freedom and justice is made by pope or antipope, what matters is that it is made and pressed and pursued with unflagging vigour. As long as Vorhees is making that case, he is representing me. I should prefer that Lawsky would be making it, but that's not to be, it seems.
The fight for freedom and justice is distributed and decentralised - any bottlenecks will be bypassed |
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We've been at this price the last few weeks, something has to give soon!
Agreed. Lowest daily BBW since ages - below 0.06, last time that happened was September 2013 iirc. It'll resolve soon, I'm sure. Not equally sure though in which direction. :/ Where did you get this reading? It's 35 on bitcoincharts.com. Didn't even know btcwisdom shows bbw. Or you're simply doing [upper bb] - [lower bb]? If so, I suggest to use tradingview, which (to my knowledge) normalizes width to current price, making it comparable across price levels. Otherwise the statement "the lowest in year" would be even more impressive, but also kind of meaningless since with price increase absolute width also increases. This is actually something I've been looking for, which is why I asked. I always had to factor in the prices when looking at bitcoincharts' (bitcoincharts.com, not bitcoinwisdom.com) BBW. Yes, bitcoincharts simply subtracts lower from upper BB. Thanks for telling me, this is extremely useful. more useful than coindesk's latest article?  http://www.coindesk.com/trend-spotting-identify-trends-bitcoin-price-charts/I ( also) like a good old fork (and their trigger lines) personally for trends and reversals/support,resistance *Andrews pitchforks/schiff/mod schiff |
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Sooner than most think.....
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