If its already awesome, it wouldn't be cheap. Its similar to when the OP bought his BTC
Ripple was started by the original Mt.Gox CEO. I wouldn't go anywhere near something founded by Magic The Gathering folk.
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Ripple's chart just follows bitcoin and its liquidity is ridiculously poor. Don't see how that could go anywhere unless they convince big banks to accept their system. As for Ethereum, it lacks the elegance of bitcoin and nobody really even understands it.
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That fed guy Prof Bitcorn warned us that bitcoin will hit 10 bucks by the summer. Maybe he has inside info on something and is trying to give us hints. Would be epic if it actually played out that way.
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It is only a matter of time till Huobi gets busted on their fake volumes or gets shut down by Chinese authorities. This is similar to how the Gox situation was quite foreseeable.
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Would you mind posting a picture?
Thx W
My charts are a bit too cluttered with various indicators and hard to read. If you go to tradingview.com and open a chart for BITSTAMP:BTCUSD you can compare those indicators (RSI/CMF) with the July 2013 bottom and the current market state. It looks quite anomalous.
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MatTheCat,
You should get on tradingview.com and use more indicators. Those rudimentary bitcoinwisdom lines can be misleading, using a pitchfork with a better angle gives you a clearer picture. Currently momentum on a daily chart has a downward slope and the CMF and RSI look a bit too moonish compared to the July 2013 bottom. Also, the heikin ashi daily candles look indecisive
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Ending the Gox ponzi scheme now is far healthier than if the Gox ponzi exploded at 5 to 10k USD price per BTC.
Also, it gives people who build the infrastructure behind bitcoin some breathing space to work on their projects with less hype surrounding bitcoin. So, with the Gox ponzi out of the way and a stronger ecosystem bitcoin actually has a better future.
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I have a feeling that Mark has Asperger's syndrome and his body language may not be read properly by a body language specialist. The way he confronted that British protester was a very clear sign that he has Aspergers.
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Mark Karpeles will be arrested at the airport whilst trying to flee Japan with 850k coins on a USB-drive.
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gox was "the average BTC price."
What are you talking about? The past several months they have been deviating from all liquid exchanges by 10-20%. Their price was deviant, not average.
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When I started trading actively in Oktober 2013 I did my research and already knew I should never trade at Mt. Gox because the exchange was unstable and there was mismanagement.
I'm probably saying something terrible in many peoples eyes but in my opinion, most people that lost money were either very naive, don't care about their money or were greedy...
The +100 dollar arbitrage 'opportunity' per bitcoin on Mt.Gox probably lured in a lot of people thinking they outsmarted the system. IMO, you can't really blame them, it looks like Mt.Gox did this on purpose to keep their ponzi alive. It seems like one should stay away from exchanges that deviate too much from the average BTC price.
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Going to keep some very low orders on the exchange in case this person ever decides to dump.
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You could have predicted the top via TA using a pitchfork from Jan 2013 to the April peak and then stretching it to late 2013. Also, the heiken ashi daily candles from 200 to about 1100 were constantly green up until that point, a sign that you needed to get the f' out (even before China central bank announcements).
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Almost all those steep declines of were by an act of Gox. We may come out of it, Gox willing.
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bitcoinsrus,
If you haven't bought yet and are still waiting. Just keep open order 75 to 100 dollars below the spot price on an exchange. With all these flash crashes and quick rises recently this may be a profitable low risk short term strategy.
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I call for ban of the torrent network.
Obvious not possible, but banning US exchanges and services like Coinbase would be very easy for them.
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But if there are conflicting signals on each or signals that happen at different times, which chart takes priority?
Depends on the time of the day. When China is awake, it's often them (still). But at the moment, bitstamp seems to be leading with the 1h macd downtrend.
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Should I be following Chinese chart or Bitstamp chart? It seems all the action still happens on Chinese time.
http://hypron.net/bitcoinwisdom.htmlYou can follow Chinese and Western exchanges at the same time.
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ADHD seems rampant among bitcoin traders.. This thread just confirms it even more.
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