So I just signed up for ChangeTip: https://twitter.com/Lyth0s/status/548360650741657600I plan on making a few small tips to large businesses and entrepreneurs to see if it sparks any interest or response from them. Let's see how it all goes  If they don't claim the tip, does it just stay in my ChangeTip account? And does the tip I send them ever expire if they don't claim it after xx days? |
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Can someone please call me a moron.
I just dumped all my loose BTC at the exchange.
Dammit. I hate this.
When BTC skyrockets many bears will get burnt. This rise is nothing. |
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You aren't the first to ponder on the death of bitcoin. This has all played out at least 4-5 times before.
If you had invested any time before the end of 2013, you'd be saying "wow I can't believe how much it has appreciated in value"
If you're only looking at the last 15% worth of the currency's existence then yeah, it has been correcting.
Do you expect 10,000% gains every year?
Bitcoin started at like a penny in 2009. Anything over $100 is a ridiculous gain in 5 years
Lol, no I'm not looking for 10,000% increases every year. I am looking for it to stop decreasing by 10,000% every year lol. *10,000%* drop *Every* year? Well lucky for you that isn't happening  |
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Why did you cross out the sub refunds if you make a loss on your predictions?
"6. Full refund of subscription fees (excluding the transaction fees) in-case of cumulative net-loss in trade signal performance."
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Well…really currency should not decrease in value at such a rate. It's like the gold I had last December was worth 10,000 now it's worth 3,000. I understand Bitcoin is volatile, but I cannot accept consistent dropping. bitcoin is still in its infancy, only very small amount of adoption. If the price was stable we'd all be "late adopters". Are you familiar with any large company valuations Pre-IPO? Even facebook saw major valuation swings prior to its IPO. VC's get to see new startups grow like this, which is why they are already comfortable investing in bitcoin and bitcoin related projects, the general public and most investors never get these opportunities. |
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Meanwhile steady and healthy growth:
yep nice steady healthy growth for 24 hours here is the all time chart and recent high  Prepare for the ripple dump. |
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I'm from Asian country . We have cheap labors here but the quality of work in art field still very good. Especially copy skill:)
Here are samples of some paintings which I had painted and exported to UK :
The size is around 560cm * 710cm Can be little bit larger.
Price to repaint (any paintings you want to paint) is : 60$ per painting (not included shipping) (The more you order the cheaper price you will get)
These paintings are 18 feet wide? For $60? Are they actually paintings or print outs? What would you charge me for another one of those red city paintings lets say just 4 feet wide? |
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bitcoin will go to the mooon soon bought another 20btc  Rich bastard LoL. I only wish I could make multiple 20 BTC buys NPNP |
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 Devin is that really you though? Why the bra brosif? |
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Now a weakness of having viruses on your computer could be that the address that you want to send the coins to can be modified before your PC displays it. IE you receive a PM and the virus changes all bitcoin addresses in your webrowser to their address or if you copy/paste it changes the addresses in the clipboard. So then when you THINK you're sending the bitcoins to the right person, it could actually be the wrong address. That is the #1 thing I would watch for.
I'm sure the trezor team can give you better descriptions, but that's my 2 cents
This is the purpose of the screen, to verify the address and amount are correct before signing. What I'm talking about is a virus giving you the wrong address to send to, which occurs prior to dealing with the Trezor at all. Like if I email you my address which is 1Lyth and the virus changes the HTML/message to read 1Virus and then you send the bitcoins to 1Virus thinking that it's the correct address. |
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Mickeyb, your private keys are on your trezor and never leave it, thus any malware on your PC can't get your private keys. The transaction is created on your PC, then sent to your trezor to be signed. The trezor then requires your pin code to sign the transaction and then the signed transaction is sent back to your PC to be broadcasted. So in that regard, yes your bitcoins are 100% safe. Now a weakness of having viruses on your computer could be that the address that you want to send the coins to can be modified before your PC displays it. IE you receive a PM and the virus changes all bitcoin addresses in your webrowser to their address or if you copy/paste it changes the addresses in the clipboard. So then when you THINK you're sending the bitcoins to the right person, it could actually be the wrong address. That is the #1 thing I would watch for. I'm sure the trezor team can give you better descriptions, but that's my 2 cents. By the way, I finally received my trezor 2 days ago and I LOVE IT. Amazing product guys, keep up the good work. Also future integration with electrum is PERFECT for me |
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You would think they have bigger fish to fry over there than bitcoin vs fiat issues. Like protecting their consumers from the Russians.
Actually, the hryvnia is the 3rd worst performing currency of 2014... With the #1 spot held by Bitcoin... which is down from $800 to $300 or > 60%. This forum should pull it's head out of the sand... and be asking HARD QUESTIONS about Bitcoin... And why it's performing like the currency of a bankrupt country invaded by Russia. Bitcoin has one year were its price declines and people think this shit is dead. If you think cryptocurrency or bitcoin is going to disappear you need to pull your head out of the sand. Such a small timeframe and picture perspective. |
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3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.
I think we will be in the high $200's, IE 270-290's before the end of 2014.
what if they are waiting for the sell wall to build and buy up quick, could it turn MACD positive Yeah the 3D MACD could reverse, but the overall morphology of the recent 3D MACD isn't the same as it was in the previous bubbles where each box on the histogram increased from the previous until its decline. I think a lot of TA becomes completely useless in the cases of market manipulation and big news, both of which could explain the current MACD and any reversal if it were to occur. Most recently when the 3D MACD goes red, it's red for about 4 months...no bueno |
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It did quite a bit more than just go from 15 to 1200 and back to the current 330's.
I've posted a similar thing a few times before, but I'll try to be a bit more concise here.
A look at bubble peak / correction bottom magnitudes in BTC. Numbers rough estimates:
2011: peak in the 30's, post-peak bottom: 6.25% of peak price.
2013: peak at 266, post-peak bottom: 15% of peak price.
2013-2014: peak at 1166. post-peak bottom: TBD
If the crash is as severe as in 2011, the bottom would be about 73 USD/BTC.
If the crash is as severe as in 2013, bubble 1, that would put the bottom at 175 USD.
If you assume bubble volatility is decreasing, you can do some horrible overinterpretation of the two datapoints we have.
Assuming a linear decrease in volatility, comparing the known peak-to-bottom ratios, you would expect a bottom at 23.75% of peak. That's 277 USD.
Assuming the ratio itself changes as much this time as it did pefore, you'd expect a bottom at 36%, 420 USD. That expectation obviously has been invalidated.
Note: These are not predictions. Maybe interesting for post fact evaluation of overall market changes.
Thank you for your analysis. It'll be interesting if the low is truly in the high 200's. |
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3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.
I think we will be in the high $200's, IE 270-290's before the end of 2014.
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The price drop from 380 to 310 could be explained by a series of factors.
1. Recently, global commodity and equity market enter into a "risk off" mode that all risky assets, including bitcoin, are being sold off. You may challenge this by arguing the raise of Ripple. But 50% of ripple is controlled by Ripplelab. Therefore, it is not a free floating asset class and will not correlate with the other risky assets.
2. Year end tax selling. 2014 is a bear year for bitcoin holders. Some investors may want to realize the loss before the year end to gain some tax benefits.
3. Miners quit. Declining price incentivizes small and weak miners to quit and quiting miners tend to sell all of their storage.
4. Chinese future market. Chinese future players are overwhelmingly accumulating short position by futures.
But this declining trend will be exhausted after all and will be definitely turned around by the following factors.
1. Global equity market will stabilize with the announcements from central banks that easing and low interest rates will continue in foreseeable future.
2. Tax selling stops by December 31, 2014. Investors will relocate their investment portfolio in January 2015. Till then, I believe some value investors will start betting on two biggest losers in 2014, oil and bitcoin.
3. Once all small and weak miners quit, the bitcoin mining industry will be controlled by few monopolies. By then, the market landscape will approximate Ripple. The conglomerate of strong miners has the power to manipulate the price to protect their interests. They can do it easily by rationing the daily sale of bitcions, or by heavy public promotion, etc.
4. Too many retailing Chinese bears are shorting the bitcoin. The whales in Chinese future market will start pumping soon and squeeze those retailing bears to death. If they lift bitcoin from 300 to 400, image how much they can make from those 50 times leveraged future contract!!!
Welcome to the forums. Good insightful first post you have there. There are many trolls on these forums, if you look under their name you'll find "ignore" buttons. The sooner you realize its power, the happier you'll be. |
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I think we will see a high-mid 200$ range very soon, after that, it all depends on our regular consumer getting into Bitcoin. It's funny to hear my mom suddenly talk about it, I think that's a good thing.
What made her talk about it? How often do you speak to her about it? What is her current sentiment about bitcoin? I'm always interested in the "average joe (or josephina's)" perspective and how it changes over time. |
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My service deletes the message after it has been ready so no worry about lost/stolen private PGP keys. Also my service makes it so the recipient doesn't already have to have a public PGP setup.
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In essence, what is happening now is that every time someone purchases a product or service from a bitcoin accepting merchant (aka bitcoin dumper), the buyer is causing that BTC to be immediately sold on the market. There are simply not enough speculators available to offset the combined force of this massive network of merchant sellers.
For every 100 stories about how another company is now accepting (aka selling) bitcoin, we might get 1 about payroll integration. This imbalance is not sustainable over the long term. People need to earn bitcoin, spend bitcoin, and avoid fiat exchanging. I think its just a matter of bringing this awareness to the surface and shifting focus.
It'll happen with time. Give consumers a reason to use bitcoin (IE merchant adoption) and they will come. especially with services like purse.io (15% off amazon), gyft (3% off), other discounts etc. At the very least we will eventually see a 3% discount for using bitcoin, then add on a little more for essentially 100% non-chargeback fraud protection. You've been around long enough to remember that in 2012 there wasn't much to spend your bitcoin on, times are changing my friend. Edit: NVM 2013, but the point still stands  |
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