I think there's a while to go till the next big correction. It looks to me like 8 is conceivable - albeit with minor corrections on the way. Longer term momentum is currently to the upside.

We might crash back down to 6.8 or so before that though.

Market fever.

US just woken up. DRK being panic bought.

I'm glad I don't live in the US. They're the wrong side of the Atlantic for cryptocurrency trading. You'd be waking up every morning and getting a fright - either that your coins went down or ones that you didn't invest in went up.

Graph now near vertical. 7 has been blasted to kingdom come.

I don't think it matters.

I've got my coins spread across 2 or 3 addresses and I get the full 0.1% of my total holdings every 24 hours.

(MacMini. Not even warm.)

Just voted.

Likeways. Appreciate the exchange.

Yes indeed. Except - as I said - the 'stick' is not anonymous transactions.

They are irrelevant in this regard.

Rather, it's the monetary nature of cryptocurrencies themselves. So if you're arguing for a policy of appeasement then you'd better forget cryptos altogether cos there 'aint none that goliath isn't going to feel'  

Totally agree. Except the people that it "pisses off" won't see it as "Darkcoin" is bad. They probably won't even know it's name because it's all the same thing to most people. Anonymous blockchain technology is just another bit of progress in this whole landscape. It's not going to "piss anyone off" more than anything else because it isn't any more of a threat than any other aspect of cryptos - the whole damn shooting match is one big bulldozer if and when it gets mainstream.

I find these discussions about anonymous vs transparent blockchains a bit superfluous.

Authorities aren't going to give 2 flying sods whether a particular blockchain is anonymous or not. They're not going to "love one and ban another". As soon as one is untraceable they all will be as far as regulations are concerned. There are going to be millions of "cryptos" out there in a few years of every conceivable singing and dancing technical description.

Anonymity is important in any financial system to protect commercial interests and competitiveness. Nothing to do with criminality. How would everybody feel if all their bank statements were available down at the public library ? Or if I was a clothing retailer and could check up on all my competitors cash sales movements ?

But threat to the mainstream financial system is nothing to do with transaction anonymity (although that does make it commercially attractive). It's the fact that cryptocurrencies are unlevered BASE MONEY.

Base money has been kept out of the hands of the public since the days of before the Federal Reserve, because the general public having access to base money of any type or value basically amounts a run on the banking system. Base money is a definition. It doesn't imply value - the market gives it value - it implies that it's the end of the line in a chain of trust managed by counter parties (in this case, central and commercial banks).

The anonymity thing is a total distraction as far as regulations go. If cryptocurrencies ever gain a substantial foothold in the mainstream economy they will melt the debt based banking sector like lava to a waxwork. It's just simple arithmetic because of the massive leverage that has built up over base money during the last 50 years. Why do you think the Chinese are so desperately trying to plug the holes in their system ? They've not been able to touch cryptos - they have had to do it by regulating fiat. But if people actually start using cryptos for goods and services then they're screwed because you can't stop them passing strings of letters and numbers around or block every single Port 8333 on every PC in the world.

Regulators are basically clueless about cryptocurrencies and will probably never have a chance to catch up with them before it's too late. You only have to watch those videos on the New York hearing to see that.

The idea that they "like" cryptos because the blockchain's transparent is ridiculous. All you have to do to launder money is to pass it through an exchange and maybe through another crypto and back.

Darkcoin is getting valuable because it has the ONE thing that cryptos are missing which the fiat system does have - commercial privacy. That's why it's out-growing everything and IMO will probably end up as the first alt ever to rival Bitcoin's valuation. I know thare's other stuff out there that can do the technology - it doesn't matter. What matters is which one the market picks and that's where DRK now has a home straight in sight.

You must've gone to a different school from me then because it's not physics, it's geometry

Confirmation of which direction the price is going in. Although it may seem strange, you can't tell that from looking at the price because it moves in waves and a down wave may be just a small ripple on a more substantial upwave which is actually the "real" trend.

The indicators tell you which it is.

Think of a bicycle pedal. You're going up a steep hill. To an ant on your shoe, every half cycle it looks like you're going down. But zoom out and you can see that your actually going up long term.

Without the indicators you are the ant. With the indicators you can see the whole bike and know which direction its nose is pointed.

So it's not bullshit. It's eyes.

I don't think he claimed he could "quantatively predict the future". He just said people shouldn't trade off lagging indicators. They should use them for confirmation which is difficult to argue with.

That's what a moving average convergance-divergeance is. Rate of change of price (= momentum by your definition). In fact it's a 4th or 5th derivative (can't remember which one) of the price moving average which itself is a derivative of price.

So now we seem to have come the full circle. MACD crossovers are not a leading indicator --> Leading indicators are things like price and momentum --> MACD is an indicator of converging or diverging momentum === Leading indicator ?

Lets turn Darkcoin ANN into trading school

Clearly, because they are based on historical price, not anything else.

All the same, while the price is going to wherever the "leading indicators" are driving it, it doesn't go there in a straight line. It goes there in cycles. That's where they can come in quite handy.

In fact I think I'd probably be out of a house and home by now if I hadn't at least used them as a trading tool.

b.t.w. what is a "leading indicator" if it's not asset fundamentals, not news, not MA crossovers and not MACD signals ?

Do you mean news and asset fundamentals ?

LoL !! You actually sound like you know what you're talking about.

Please take over

For a start, w.t.f. is a "leading indicator" ?  I need to add that to my repertoire. You have to realise that most people trading cryptos are amateurs and it takes one to know one. Whether they're "leading indicators" or not people are using MA's and MACD's because they're pretty handy for telling if you're about to be dumped on or not in these markets.

As far as I can tell, this one's more about liquidity right now because it's so thin. The price is a bit meaningless - for example it dropped a couple of hundred thousand satoshis right there to 59, but if you wanted 2000 coins you'd still be at 62.

Thanks for the tips

2nd clear 5-minute histogram bar in. 5-min MACD flattening, MA flattening, EMA flipped, still 2100 liquidity available at or below 62 from a high of 2300.

Now would be a good time Mr Hawkish whale if you want your coin...

I'm just glad I'm not in that market right now.

Nerves are frayed. The order book's getting reshuffled like a pack of cards on casino night.

The bidders pulled their buys ready to pounce on the emerging coin that was starting to seep out of the cracks of weak hands and that gave the sellers a fright who started to dump.

Now we're on a short downtrend while that sentiment gets soaked up but the jittery action is better spectated upon that participated in if you're of a nervous disposition.

Buy walls being pulled now...

That's so they've got the ammo ready to fire on a hair trigger...

That's us paused and sinking down from62 to 59.

Liquidity is building nicely in the asks between 59 and62. Nearly 2000 DRK has accumulated below 62 whereas there was none 30 minutes ago.

Now watch a whale swoop down and hoover up all those asks right from under everone's noses just when the 5 minute wave turns around.

Thats how this coin works. About 5 minutes to go.....

Market main engines firing up.

We'll be passed 60 shortly.