As for my other complaints, it is to tedious to look for good historic examples.
that's funny. if i ever leveled such a severe accusation at someone i usually would have a specific example or more in mind that i never forgot. oh well. no way to assess whether you serious or not. I made it pretty clear that these were my general perceptions of your work. I may or may not be alone so use the info as you wish. I forgot to mention that I'll be happy to point out such issues going forward and/or as I run across such things in the course of other research. Translation: I'm to lazy to actually engage in a discussion. I'll just sit here in the peanut gallery and throw empty shells at you. |
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Not only I don't pay for their opinion I have them on ignore.
Started doing this since cypherdoc started his. (He is a retard btw but they all are)
It's nothing more than the self-fulfilling prophecy effect of lots of lemmings doing as they told.
The vast majority of cyperdoc's newsletters focus on nonbitcoin markets. I really doubt your lemming theory applies there, yet he has demonstrated impressive accuracy. |
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I also see strange buying pressure. Who are these buyers? Non-speculative demand? (except for the new "wave noise" and the followers of the blue font "cannon salvo" today  ), why they buy, if it is obvious that now will be tested ~4.7 support line? surely the market growing? Two hard bounces slightly below support does not a break make. |
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Common antivirus may not yet detect bitcoin related malware. If you are infected, redownloading bitcoin may not be enough. If the malware also has a keylogger, encryption won't help either. I would make a wallet on an airgapped Linux system if you want to store significant coinage. Personally, I would never trust a windows box with anything more than a few bitcents.
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short squeeze any moment now
Bounce |
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Seems very odd though we are essentially stuck at $5. It's nice to see some stability, but it's kind of weird considering difficulty has gone up close to 50% this year. BTC is not responding to supply and demand curves...lol. Although maybe we have reached an equilibrium in the speculator market.
As a miner I'd like to see the coin follow economic fundamentals more closely.
Difficulty gone up 50% while the price stays stable got you confused? The hash rate should double every 18 months assuming a constant price due to moores law. https://en.wikipedia.org/wiki/Moore%27s_lawThat, plus difficulty does not change the supply one bit. |
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And botnet owners are more likely than legitimate miners to sell ASAP, creating more downward pressure on the price. Also, as their coins are generated at potentially the lowest cost, they can chase the price further downward. Additionally, the reward halving is coming up in a little over 6 months. I can't see the emergence and continuation of botnet mining combined with reward reduction will be a good thing.
The reward halving will leave them with less to sell ASAP. Also, ASIC mining may make botnet mining less lucrative. But yes, I have my worries too about the advent to ASIC mining because it will centralize bitcoin further towards the first people possessing ASIC rigs. ASIC driven centralization may be an issue. Botnets are a joke. They will only mine as long as they can earn more than other ventures (spamming, ddos, etc.). As ASICs and FPGAs come online and the reward halves, 100,000 CPUs won't get you much. On top of that, mining is far more likely to be detected than the other things they can get paid to do with those machines, so there's a better chance the infection will be cleaned up and they will lose that node. |
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This is a pretty nice chart:  Here's another one:  |
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How many bitcoins is that?
21 Million, but the value per coin is going to need to go up quite a bit  . |
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This forum is completely based upon money (obviously). Sure, money is great for exchanging things, and is much more efficient than ever. But why does the lot of the world spend their entire existences pursuing money? Well, some believe money is the only way one can attain happiness. But with money comes stresses, and without money comes more stresses. So I'm asking what you think the best way to attain this true happiness is. I'm pretty young, and I really don't want to "get stuck", or grow up running after money then asking myself what the hell I've been doing all my life. The human existence in this universe is minuscule, and I think we should all do our best to make it count, whether you spend your time bettering yourself or others.
Live your life according to your heart. Do not allow others to control you with fear. Bless everyone you see and you will be blessed. That said, it's really hard. I know I can be headstrong or fearful, and sometimes I curse those around me when they cause me grief while I'm already stressed. There are no shortcuts without hard work, and anyone offering one is either lying for their own gain, or oversimplifying. Just study life, keep your eyes open, and be grateful for every breath. |
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What is the standard method for reading charts and predicting market movements based on them?
What does this community use?
Before the great bubble of '11, it was all log charts and straight lines. Now it's non-log and triangles. |
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Watching
Seriously ? This is the 5th thread I have seen you post this in. Why don't you go back to 'counting to 74 bazillion with pictures'.....and 'Watch' that instead. subed double-subed witnessed Certified |
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My grandma passed away and I'm out of town. I can still process withdrawal requests, but it will be at least a few days before I can check out everything and see how much availability I have. Thank you for your patience.
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Ya! we did complete this full cycle, but now we have no idea what to do next  Rinse, repeat |
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I'm glad to see that the PM's aren't following the market today, that correlation was starting to get worrisome.
you've spoken too soon on this part. I don't think so. The EE seems like its getting ready for another round of QE. The biggest MM JPM is lightening up on its massive short position, probably in antcipation (or maybe direct knowledge) of QE3. Bad econ data and JPM reducing its short= QE3 so far as I can tell. it won't matter if he throws QE3 on the table or not, the cycles are telling you that it's time for another decline. i'd even go as far as to say that if he does throw QE3 out there, it'll make it far worse. sophisticated investors understand this can only work for so long. Sure all ponzi schemes eventually blow up, but you and I will probably be dead before the USD blows up completely. The market doesn't have to get pointed down much more and we will see QE3. Personally I'd rather see the treasury just write checks to everyone, but not all at once. Have a lotto where the treasury department sends a check once a month to everyone whose last name starts with the letter drawn that month. Like 5,000 USD each. The economy will turn around so quick your head will spin Sending out checks might work... but QE3 will just give the investment bankers more margin to short with. |
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Yet, the common American didn't have any direct experience with those banks that failed. The Federal Reserve exists to protect the banks' investors and their funds, not the livelyhood of the public.
+1 If the "bank bailout" had gone to pay down principle instead of paying off those who wound up with a mortgage in default, there would be a lot less defaults and a lot less people who lost access to credit at the same time they lost their house. Our economy would be in much better shape, but we're not their concern. Their concern is keeping the bankers happy since banks own the world's governments via debt. |
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Sheesh, looks like half the asks are gone since yesterday.
$100k worth were bought. |
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