$1000... when?? Stop lyin bro
this is not a forecast.
I said that if/when BTC would hit 1000$ we should carefully watch the public sentiment to judge whether there is more upside or whether we will see a big correction first.There is something peculiar with your comments - did you spill ink on the keyboard? Lol It's simple , my favorite color is blue and it is available here |
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Although both bitcoin and a stock have limited supply, they have fundamental differences
Stocks represent the value of a company, if the underlying company go broke, the company worth nothing, then stocks will worth nothing, no one will accept it in exchange for fiat money
But bitcoin represent the value of its underlying math/network infrastructure and people's trust, merchants' support. It is also possible those things were destroyed, but the possibility is very small
Most stocks' price will crash when central banks tighten the money supply. And central banks will always try to cool down the market when stock price rose too high, so bubble and burst cycle is a norm
But for bitcoins, unless all the central banks in the world tightens at the same time, there will not be a liquidity problem, thus price will not crash
If all the central banks tighten at the same time, there will be a huge liquidity problem everywhere and people will search for an alternative currency that can satisfy the transaction need, it will be bitcoin, so actually bitcoin's demand will eventually rise and price will be higher
That is an excellent reasoning. Fundamentally, there are high chances that bitcoin can further grow for another number of years - sometimes exponentially, sometimes linear, with corrections / consolidations along the way. |
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If Japanese people are smart , they can bring the arbitrage gap down significantly:
Buying BTC at bitstamp, bitfinex or other exchanges , then sell BTC at MtGox in JPY, and finally withdraw JPY within Japan
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Right there:  for reference:  This is possible when looking at the nominal chart but the log chart shows something different |
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$1000... when?? Stop lyin bro
this is not a forecast.
I said that if/when BTC would hit 1000$ we should carefully watch the public sentiment to judge whether there is more upside or whether we will see a big correction first. |
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@ S3052 Yeh, it seems money moved there and stayed there, and perhaps new money is coming in too.
BTW I sent feedback about the site with my recommendation. Check out my edit ... different colours under the line for each exchange ... that would be REALLY cool and give the truest picture.
perfect. thanks a lot |
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http://bitcoin-analytics.com/on this site there is the option to see the all USD consolidated order book: go to depth and select allUSD (just for info. I do not have any relationship with this website) My point is that, to assess the entire bitcoin price direction using order depth, it may be best to look at the entire consolidated order book. Thanks for the link.... nice site I agree that a look at the entire order book is best, but I think this site would be more useful if it removed the price gaps between the exchanges when consolidating the orders. That way we would have a more true indication of the 'walls'. ie consolidate them around the average price for example. It does make an implicit assumption that the gap remains constant, but when looking at a static chart this is effectively the case. That way we don't get this overlap, which is confusing and difficult to interpret, and say instead 'if all exchanges move together, x coins would move us y dollars (all else remaining equal)'. Taking the 'arbitrage gaps' out of the consolidation would give a clearer view IMO. Agree with you 100%. FWIW is it just me or has the BitStamp buy side filled in considerably over the last day or so ? It almost looks balanced over there for the first time in a long while
yes, this is true. I think initially bitstamp was 80% a funnel to withdraw BTC for users who cannot withdraw from MtGox. Once they moved BTC to bitstamp and once they saw strong BTC price development, they started to use bitstamp as their exchange |
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http://bitcoin-analytics.com/on this site there is the option to see the all USD consolidated order book: go to depth and select allUSD (just for info. I do not have any relationship with this website) My point is that, to assess the entire bitcoin price direction using order depth, it may be best to look at the entire consolidated order book.
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Saying it how it is
yes, I wonder what the media says when bitcoin hits 1000$. perhaps they will again call a bubble or they say that next target is 10000$. If they say the latter, I'd be wary about a bubble. If it is the former, there is more upside. And on stocks, we can wait until the financial media calls for "sell stocks", because this will be close to the actual bottom. This may be around 400 for the dow jones industrials. |
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Anyway, to the topic, potential bearish cross upcoming on the 4 hour for 10/21, potential bullish cross upcoming on the 30 minute. Other timeframes are mid trend.
yep: back to the topic I wonder how the results of the 11,34 cross over would look like No cross over yet on the 4h for this one |
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sorry if this was not clear
bitcoinbullbear covers all time frames. i did not mean his.
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If you could see his newsletter, you would know that he only covers bitcoin on very large time scales, whereas you cover shorter term trading opportunities. You have different target audiences.
We are covering all time scales from the longest term to the shortest term. I think the next steps are clear and I leave the pitch to Goomboo. |
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thanks, notme.
I agree that is was over-reacting by starting to do similar things that I criticize. I got too emotional and this is always wrong. It's not an excuse but there are people fully / partially living from the analysis and this is why it is business and not a hobby.
We keep our thread focused on content, and if someone wants to do a notification thread it should go somewhere else as you suggested.
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Bubbles are artificial  yes, like the stock market is pumped up by the QE from the fed. Bitcoin is real. |
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I don't know about that. With a flurry of news articles on the horizon about the end of bitcoin I think we'll see another frenzy of dumping which could take bitcoin to levels
lol, just buy back dude... +1 A flurry of news articles does nothing but bring new people in. It doesn't matter if it is positive news or negative news. At this stage news -> curiosity. And when the curious do some research, the smart ones see the beauty and buy. 100% agree. There is a positive correlation of ANY news, "positive" or "negative" with bitcoin prices. |
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ok
This is my last comment about cypherdocs's practices in this thread. As of then, I will tackle this differently and not drag "innocent" readers into it.
My only point is that it is not required to bump threads with the "excuse" that subscribers need this alert. They get the analysis for his services by email and this is very instant. By the way, bitcoinbullbear does the same and none of of our subscribers have ever complained about that we need to bump threads to alert them. I am just asking for fairness, because the thread bumping creates a lot of awareness and if this is not stopped, we might need to do the same, but being customer focused and loving this forum, I really do not want to do it. Perhaps the moderators can add a pure notification section and move his thread there, because obviously he admitted that it is for this purpose only. His thread does not belong into the speculation thread. Do you see my point at least a little bit?
Goomboo: sorry for this. I like your thread and it is great to keep discussing those moving average crossed which we also follow many of them in our analysis.
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So many people have predicted that bitcoin is in a bubble and is doomed to death.
There are most often the same people who push stocks up into bubble territory.
Now let's get to the bottom of this:
1) Is Bitcoin in a bubble?
Look at that longterm chart. Where is the bubble? I can't see it.
The uptrend is healthy.
2) What are REAL bubbles?
The NASDAQ bubble has already popped 13 years ago
There are some new bubble stocks in there that either have already popped or will do soon (LNKD, PCLN, etc.)
these are the real bubbles
how do other see that?
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if I read this well, this model does not outperform buy and hold: only +643%
our newsletter has fared better :-) (had to throw this in :-))
If your newsletter is so great, why do you need to advertize everywhere in every topics ? Stop spamming and make your newsletter public during 2 weeks, people will choose on real results. Not to mention bitching and moaning in threads for other newsletters. S3052 has been acting sleazy lately. Sorry for that. That was not my intent. But as you can see in this specific thread, there are lots if people complaining about the bumps. Another one just minutes ago . I stay out of this as of now. It is an issue for the moderators and I am focusing on analysis and forecasts. |
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We have two updates for you
1. The special summer promotion for the bitcoin, stock market, precious metal, etc. forecasts is still open until August 19 (3 days left).
Use code: bbbsummer for six weeks free with a 3 month (+) subscription on https://digitalcurrencyresearch.com/
Also, we will soon add a new market as a surprise.
2. The poll is reset if you want to express your opinion about bitcoin prices direction.
have a great BitDay
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hi.
I reported you to a moderator using the "Report to Moderator" link some time ago. Probably late June/ early July.
Didn't like coming to speculation to see a thread with nothing inherently useful for speculation.
Just so you know its not only your competitor that dislikes your practices - its your potential customers.
Back to minding my own business. Thanks.
I will try to find a solution with cypherdoc and asked him to have a call with me. Because you are right, this daily bumping creates awareness for new potential customers (even if some people including me hate it as it woes not add value). Hence, it would be good to find an agreement to ideally limit posts that have no real content. |
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