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401  Economy / Economics / Re: Is anyone else tired of hearing bad Bitcoin news ?! on: May 05, 2014, 10:45:11 PM
Blood sells, so bad news have always some press.
I remember Nasa whining: in the sixties, every thing we did was news, now we only have some press attention when things go wrong.
402  Economy / Economics / Re: How much control does the President truly have over the economy? on: May 05, 2014, 10:33:38 PM
There are independent candidates, even if they haven't a chance to win.
Anyway, I see some differences between republicans and democrats.
403  Economy / Economics / Re: Beginner Tips on Investing in Bitcoin? on: May 05, 2014, 10:30:10 PM
Assuming that it's risky to keep bitcoin now, because of the bear trend, it's also risky to have alt coins, because they are all valued in bitcoins. A crash in bitcoin takes alt coins down also on fiat terms.
Then, if bitcoin goes down, you will be able to buy litecoin for 4 usd or even lower. Assuming this scenario, buying now isn't a good idea. They will also go high if bitcoin jumps, but in the past it took some time for the alt coins to jump. In the first weeks of the jump of bitcoin to 1200, litecoin was losing value. It only started going up fast a few weeks later. You can enjoy the major jump in bitcoin and then go after the alt coins. Of course, this is just a scenario. Now, alt coins seem much more linked to bitcoin than in the past, so a jump in bitcoin might push alt coins much higher immediately. Anyway, buying now doesn't seem good idea.
404  Economy / Economics / Re: Beginner Tips on Investing in Bitcoin? on: May 05, 2014, 09:53:41 PM
Don't buy now, wait for lower prices. We are on a bear market, wait for signs of inversion of trend. Avoid alt coins until bitcoin jump in price, then the alt coins will jump too with some delay.
405  Economy / Economics / Re: Best way to invest my current crypto's for short term ROI - suggestions welcome! on: May 05, 2014, 09:48:10 PM
Charts are suggesting low prices ahead. Don't buy more coins now, wait for a breach of the 480/500. Actually, even keeping these ones is risky.
406  Economy / Economics / Re: How much control does the President truly have over the economy? on: May 05, 2014, 09:29:28 PM
They do care for the Economy. All studies show that people vote taking in account their pockets. If they are empty, they vote against the president.
407  Economy / Speculation / Re: Predicting uptrend now underway from bottom reached on April 11 on: May 05, 2014, 09:25:55 PM
Since April 11 when we hit about $340,

If we go below $340, I will eat my cat.

Every time you buy BTC, you help save an innocent cat.  Cheesy
Note: Puppies are in danger too, so buy BTC today.


Funny one.
408  Economy / Speculation / Re: I've ALSO Given Up on: May 05, 2014, 09:06:35 PM
Op don't be too hard on your self. All traders breach that important rule of having at least a mental stop loss and many times they don't stick to it, me included.
If you are surfing the trend, you can risk and keep your position hoping to return to profit as soon as the median-term trend imposes it self: if you are on a bear market and you have a short position (you sold bitcoins you borrowed or opened a position on a put: google it if necessary) and you go negative because of an increase of price, you can keep the position or even increase it (that is the last thing to do: you were wrong once, you can be wrong more) to try to return to profit as soon as the price goes down according to the bearish trend. But that is indeed very risky and can end bad. The spike of 11-16 April (of bad memory to me also) is a good example.
The big money is earned when you leave the position open for weeks surfing the trend with all your speculative capital, not the small day trades. But that demands a bull trend. I never go to sleep relaxed with a major short position open on bitcoin, some bulls are crazy. Some of them have lost millions trying to push bitcoin up. Therefore, we have to wait for another bull trend to earn big or, at least, for fast moves on a clear direction.
409  Economy / Speculation / Re: Predicting uptrend now underway from bottom reached on April 11 on: May 05, 2014, 05:42:14 PM
Never is a too strong word (specially after stating a probability of "only" 75%) for a mere double bottom at 425 (actually, 424 at Bitstamp).
Never make predictions; if you make a prediction, never give an absolute number; if you give an absolute number, never give a date; if you give a number and a date, never say never.
410  Economy / Speculation / Re: I've ALSO Given Up on: May 05, 2014, 05:26:01 PM
I would suggest you to be prepared to jump out again. The most important rule in speculation is: to have a plan (specially: to have a stop price where you should sell if things go wrong) and stick to it.
Most people lose money because they hate to accept a loss, so they keep the position on hope, converting a speculative short-term/median-term move on a long term negative bag-holding. Accepting losses is the test for any trader.
Or, at least, buy in increments, saving a few to real low values, just in case.
411  Economy / Speculation / Re: $438 and going down on: May 05, 2014, 04:46:29 PM
Anyone that doesn't give supporting facts/reasons for their opinions won't be giving an opinion to take in account.
412  Economy / Speculation / Re: $438 and going down on: May 05, 2014, 03:38:45 PM
I heard someone saying bitcoin is going to negative values, around -25usd. Do you think he might be right?

--
End joking mode
413  Economy / Speculation / Re: Prediction: Breaking $500 within 24 hours on: May 05, 2014, 03:09:51 PM
reality is what doesn't go away when you stop believing it
Or, it's a damn luck when the facts don't go our way.
414  Economy / Speculation / Re: Bitcoin is a shit investment (this year) on: May 05, 2014, 03:03:06 PM
Some people might have a truculent way to defend their views, but that isn't reason to ignore them if the views are supported on arguments or facts.
415  Economy / Speculation / Re: Why haven't we sufficiently decoupled from the Chinese market? on: May 05, 2014, 01:43:31 PM
Until now, I haven't seen a consistent drop in volumes at the chinese exchanges: http://www.bitcoinity.org/markets/list?currency=ALL&span=24h
But that is the next step I'm waiting to see.
416  Economy / Service Discussion / Re: Interesting presentation on how Bitalo created a real no-trust Bitcoin service on: May 05, 2014, 01:38:06 PM
Alright, thanks again, I'll check it.
417  Economy / Economics / Re: Causes of hyperinflation on: May 05, 2014, 01:36:57 PM
Op you seem in the right track.
The relevance of the velocity of money on inflation has divided schools of economics: neo-Keynesians say it's relevant because changes a lot, neo-classics say it's stable, therefore of little importance.
The main aspects are the volume of M1 and M3. The increase of M1 isn't enough, as the recent explosion of the M1 on the USA shows, if the banking multiplier works badly. Because the increase of M1 didn't end up on an increase of M3: banks limited the banking money supply by limiting credit.
418  Economy / Economics / Re: Is anyone else tired of hearing bad Bitcoin news ?! on: May 05, 2014, 01:24:02 PM
In a certain sense, all news are publicity, therefore can be considerer as good.
However, some of them, even if attract attention from people that don't use bitcoin, affect negatively the price.
419  Economy / Economics / Re: Swiss Lawmakers Propose Treating Bitcoin as Foreign Currency on: May 05, 2014, 01:18:55 PM
This qualification as foreigner currency or the german one of private currency are the only ones that make some sense.
420  Economy / Invites & Accounts / Re: MTGOX account on: May 05, 2014, 01:14:29 PM
On a bankruptcy, most of the money end up paying fees of courts, lawyers, officials, auction agencies....
I wouldn't put a cent on Gox.
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