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Hello Jon Holmquist?
Could you provide details of how the equity distribution has been calculated?
Thanks.
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Real panic buying will start at $465 and again at $480. At $520, the professional investors and traders will panic buy with big money.
If............. If............... IF!I am totally new to EW analysis. But have been following the excellent DanV. Last night I tried to make a bullish EW chart which would have $340 low as the culmination of a Dec 2013 - April 2014 Wave 4. I couldn't do it. Any way that I reshuffled the wave counts in a way that conforms to EW guidelines resulted in the conclusion that there must be a lower low, or a retest of the $340 low at the very least.... I also couldn't get the short term bullish/long term bearish alternative to work either, whereby $340 represents the whole of Wave A, which would mean that we are now in the midst of Wave B, and could expect another leg up from here as soon as price breaks. If this were to be the case, then we could perhaps expect a run up to the $700 range before Wave B topped out and from there, it would be a long way down to considerably lower lows than $340 for the final Wave C of the Primary Wave 4. I doubt anyone is panic buying right now.
No. Bored and waiting.  Me too brother, still got buy order in @ $360 - it's been almost 2 weeks waiting now. To be very honest, I am considering buying-in near Spot $440  How about you mate? Adjusting accordingly or shall we both wait it out together?  |
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Step 1: Audit. Figure out who is owed what and if there are any fake (or invalid) accounts in the database.
Step 2: Everyone gets equity on a pro rata basis. If you owned 1% of the money that went missing, you'd get 1% of the 16.5% going to creditors.
Step 3: Everyone is free to withdraw their funds after the audit is done.
Could you give more details about how Sunlot came up with the figure of 16.5% equity to creditors? As a creditor not directly involved with the US lawsuit I would appreciate a copy of the business plan or proposal that must have been presented to lawyers working on that case. How is the rest of the equity divided? Thanks in advance for the information. |
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Make your plan and execute it...
The point of doing this sort of TA is that you can have two plans. I have two plans ( only looking to go long at the moment due to psychological issues with shorting) although I do suspect that it is more likely that I will be buying in at the $300 and perhaps even $200 range (cos market goes down) other than in the upper $400s (cos the market has went up). Basing your plans on "psychological issues"? I so know how you feel!  |
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Despite my aversion to the Lord and my aversion to myself for having been trained to speculate what Lord thinks as a survival exercise for the last decade, I actually find the following interesting: there is no proof that a free society is more productive than a society of strong political central power combined with almost-free market policies. Or: there is no proof that what Milton Friedman suggested is true, that "a society allowing free market will eventually evolve into a free society thanks to its influnce on people's willingness to choose". Personally, no matter how I love freedom, a down-to-the-ground rational thinker like me fail to find the necessity for this love, unless I consider freedom a necessity without the need to proof - that is, like a religion.
There's no doubt about it. Freedom may be the ultimate ideal but there are strong links to be drawn between freedom and myriad problems in society. |
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Fun topic, but not really quite the same as the often feared "outlawing of BTC by all countries".
Nothing really quite the same as BTC full stop! We are all diving joyfully into the unknown.  |
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Are we in the midst of a pump and dump? Considering the lack of volume one wouldn't think so but with the price having been slightly increasing since about 20:00 EST last night until now I'm wondering if a dump is in our near future?
Just a small fluctuation |
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Just interested whether anyone can point me to a remotely similar situation - perhaps a commodity that is heavily controlled in some countries but traded freely in others - so that some understanding of the implications for the global market may be understood.
Gold was forbidden to own in the United States between 1933 and 1974, punishable by $10,000 fine and/or 10 years imprisonment. Meanwhile in the free world, the price went up from $20 to $195 during that period. Background. Thanks! |
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Special cocktails at the bar: - Black Russian - Bloody China - "To the Moon" - The Gox (served flaming)  Seriously though, it would be worth getting someone to design a range of Bitcoin-themed drinks |
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Warren Buffet, our bitcoin bull , once said: “wealth is the transfer of money from the impatient to the patient.” Wasn't it that the "stock market is a wonderful way of transferring wealth from the impatient to the patient"? Sorry to be pedantic! |
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Of course we need new investors and their money. That's pretty obvious. But to me it is also obvious that we will get it, since Bitcoin is logically by far the best EV investment right now. This already implies best returns, but the fact that you are one of the few that knows it, implies pretty much lowest risk as well. The knowledge about Bitcoin can only increase, never decrease. Just wait until someone starts to vote with his wallet.
No-one has promised uptrend until July. That's about the time it takes.
For the long run, I have no doubts about what you are saying. I concur wholeheartedly with the statistics! But it is the limbo currently being set up by the Chinese government that has me worried. Can you or anyone point to an analagous situation for another type of stock, asset, commodity, etc. (some say we should not compare these things with Bitcoin but we have to start somewhere) ? I have never taken the whole China debacle seriously, so I am unable to comment. Imo the bust follows a boom, and the seeds of a new boom are thus sown, and news don't matter. If the price was trending upwards in 4 figures now, which one of you cared a shit about China? The fact that you are anxious about the price is the reason you are anxious about China, not the other way round. Patience. No problem with the long game at all. I'm in. Just interested whether anyone can point me to a remotely similar situation - perhaps a commodity that is heavily controlled in some countries but traded freely in others - so that some understanding of the implications for the global market may be understood. |
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Look at the travel to and from the hotel.
Work with a local taxi service who you equip with Bitcoin wallets.
Strike a deal with Virgin for flights.
Promote local restaurants and the like if they accept Bitcoin from your guests.
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Consider the advantages of writing an Android app for use at the hotel, then the guests use their own phone. Selling phones at reception possibly wouldn't be such a bad idea, but you have to wonder how many people would turn up with no smartphone or an Apple phone. At least 75% of your market are probably Android users anyway.
+1 Go for the app idea. I would imagine that people coming to stay at a Bitcoin hotel will have their own smartphone. |
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Of course we need new investors and their money. That's pretty obvious. But to me it is also obvious that we will get it, since Bitcoin is logically by far the best EV investment right now. This already implies best returns, but the fact that you are one of the few that knows it, implies pretty much lowest risk as well. The knowledge about Bitcoin can only increase, never decrease. Just wait until someone starts to vote with his wallet.
No-one has promised uptrend until July. That's about the time it takes.
For the long run, I have no doubts about what you are saying. I concur wholeheartedly with the statistics! But it is the limbo currently being set up by the Chinese government that has me worried. Can you or anyone point to an analagous situation for another type of stock, asset, commodity, etc. (some say we should not compare these things with Bitcoin but we have to start somewhere) ? |
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In any market price is directly dependent to amount of money willing to enter the market.
Thats not true. In any market price is directly dependent on supply and demand dynamics. Directly related to money |
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I don't understand what people are complaining about.
They are simply being cautious so that if the spotlight is suddenly put on them, they can show any investigator what they have been doing to verify their customers.
Its a pain in the ass for them as well.
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Another big CHINESE bitcoin exchange becoming insolvent would be an incredibly bullish news? Not in a universe I am living in FTFY What I am continually saying, implying, hinting at, etc. is that the Chinese government is controlling the Chinese Bitcoin market (and accordingly the global Bitcoin market) too tightly for comfort. Remember what some people have been trumpeting for years - "Regulation will kill Bitcoin"? This is what that means. There is no way that the Chinese gov will backtrack on their stance now. They have made their negative view on Bitcoin quite clear. So from this point on, in an ideal world in which Bitcoiners had access to the very best Moon rockets, it would be far better to have a full ban in China. Much better draw a line underneath the whole episode. |
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IF it takes off all over the world.. then the Chinese government, despite their efforts won't be able to stop people.
Just to make my perhaps radical view clear, I would like nothing less than an immediate official ban on Bitcoin in China, so the taking off can happen much quicker. If the Chinese government doesn't double down on its efforts to stamp out Bitcoin in China immediately, then I think we may be in for more teething problems. |
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Windjc is right, it takes a lot of money to raise btc price at this mkcap. And without A LOT of fresh fiat it is not very possible scenario. We better hope BTC adoption suddenly accelerates and creates a new hype. Its good that money is flowing into infrastructure and eco-system because without that btc has no sense except for speculation, and at least it is getting some positive news coverage.
I am a long-term bull but what you hope for is not enough. Adoption can take off all over the world but if it does not take off in China (and clearly this is what the Chinese government wants) then Houston, we have a problem! (Please see above posts for why I think this is the case) ' Bullshit.... Bitcoin > CHina Of course in the wider scheme of things I agree with your equation YipYip. And you would probably have lol'd in my face if I had earnestly typed "Bitcoin > Gox" a few months ago. But unfortunately while Gox was still alive it wasn't. (I mean it didn't just take off in an opposite direction regardless) |
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