short term forecast issued.
Title: Soon...
"Soon" materialized as expected.
A new short term update is issued:
Title: NEXT!? |
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Everyone knew the block reward was being halved... The market anticipates such things. See the rise from $6.50-$13 as the doubling people expected. 
Thats why we gave the big buy signal already at around 5 $ last year... |
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short term forecast issued.
Title: Soon...
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I might have mentioned that my prediction, should it come to light, will give the concept of 'counter-party risk' a significant impulse which will implant it into the consciousness of many market participants.
can you specify what you mean in more detail? thanksI mean simply that if there are a sudden slew of defaults effecting a lot of things (physical PM's, pension funds, etc, etc) it will become a lot more clear to people that things without counter-party risk are worth a huge premium (or conversely, those which do have this risk deserve a giant discount.) Physical gold in hand and Bitcoin with secure secret keys are two items which simply lack this risk. This will likely have every bit as much effect on Bitcoin as it would on PM's, and with luck will catapult the valuations of BTC into the orbit that the solution deserves. That is, OMHO, in the $1000's/BTC range.
Of course in order to 'pay off', Bitcoin needs to survive and adapt to attacks not yet seen. I've balanced my holdings of BTC and PMs to the ratio which I am comfortable with given my interpretation of the various risks of each vehicle. And, of course, the potential reward as well.
what are the risks and opportunities you see for both, BTC and PM's in the next 2-4 years?
The risk factors that I fear most for Bitcoin involve supplantation by a superior system or control of the internet by a coordination of network carries (directed by governments and the force of law that they command) such that traffic associated with the solution is disrupted enough to cause problems for the system as currently envisioned. I don't really see much risk for PM's in this timeframe. I don't think that either PM's or Bitcoin will do much except drift upward in a steady-state such as we have today. And it is very possibly that a string of monetary and regulatory inventions can string things along through the next few years. I've always theorized that should the current western monetary systems fail, it may well be sudden and catastrophic (mostly since that failure mode would be the most advantageous to the well connected.) If that happens in the next few years, PM's could do well, but Bitcoin could do amazing things. Even if the upheavals of a monetary system collapse disrupted availability of the internet as we currently know it, Bitcoin could still operate on a side-band network and provide one of the only ways to make large transfers across geography. This capability would be of immense value and Bitcoin valuations would rise accordingly.
Current monetary system to fail, leading to unemployment between 25 - 75 % (yes, this is a wide range and varies by region), social unrest, system breakdowns (electricity, internet), wars (I pray that it won't lead to the ultimate nuclear earth wipe-out).
During this financial breakdown, PM and Bitcoin will likely do very well. For bitcoin, of course provided that the network stays intact.
And Gold will likely first decline in value and could go down even into the 1000 - 600 zone before reversing and then rallying to unprecedented levels. |
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I might have mentioned that my prediction, should it come to light, will give the concept of 'counter-party risk' a significant impulse which will implant it into the consciousness of many market participants.
can you specify what you mean in more detail? thanksThis will likely have every bit as much effect on Bitcoin as it would on PM's, and with luck will catapult the valuations of BTC into the orbit that the solution deserves. That is, OMHO, in the $1000's/BTC range.
Of course in order to 'pay off', Bitcoin needs to survive and adapt to attacks not yet seen. I've balanced my holdings of BTC and PMs to the ratio which I am comfortable with given my interpretation of the various risks of each vehicle. And, of course, the potential reward as well.
what are the risks and opportunities you see for both, BTC and PM's in the next 2-4 years? |
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gigamining is a company registered in USA as per gigavps.
If they have registered the company means then they must be already showed the details to USA & world if it's an international company.
They are the bond issuers, who FIRST has to give the details to the client, when clients approach them to buy bonds & asks client details when clients wants to buy their bonds.
When gigavps gave details of his company, when the clients (WE) bought bonds from them?
Its the shop owners who has to show who they are & what they selling - first, not the client who wants to buy.
+1 |
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I also need that info to justify the fact that you have to send you own personal data to his Lawyer (EU Law forbit me to send data outside EU without having the data of the counterparty),
and in case of Identity Theft that I can sue James Gibson (in case of Identity Theft etc)
the same applies to me. gigiamining, please send all the documents to me |
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by the way, over the past 5-7 days, the Euro gained 3-4 % vs. the USD. Did you consider this as potential reason?
Yes, and it should have the opposite effect. People should hold their EUR knowing it will buy more BTC (from the USD order book) the next day. Perhaps even sell for EUR and hope to buy back cheaper because USD is the dominant currency in BTC trading. Unless they think BTC will be cost at least 0.5% more in USD the next day. Which means the EUR, GBP and AUD buyers must have very strong belief in price increase. And I assume the opposite is true for the USD users who are selling, because they are not selling for EUR, GBP or AUD. I thought I am the only one taking advantage of this. Yesterday for example, hours long the first few asks where exactly the same as the asks on USD but 2.5% higher. That was in the 10.50€ area = more than 13.80$.  Imagine you could send MTG/EUR via Bitinstant to Bitstamp or BTC-e... I'd say EUR above 1.30$ is good... 
I am hoping that one of the others will gain traction.
Perhaps it could be bitcoincentral for EUR?I noticed the differential between MtGox and Bitstamp so I transferred coins to Gox, traded to $ and then tried to go back to Bitstamp via Bitinstant. At that point Bitinstant didn't have the float to do it. When they then found some it put the price up. In the end I only lost out for about $4... but as I expected; too good to be true! |
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stochastic,
thank you very much for the clear update!
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Sounds like this mysterious lawyer should learn how to operate an email client first, before getting himself involved into more complicated technical issues like Bitcoin mining.
+1 I agree
This is an insane debacle for Gigamining. I have gotten confirmations from all other asset owners without any weird verification, and only Gigamining is creating such a mess. I speculate that they do not have the funds to pay back and hence make it so difficult to claim the shares. |
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new year's short term update issued on Jan 1, 1:31 PM CET
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the upward line is a bit distorted and in reality connect the highs of 7.22 and 15.4. And this line helps defining a possible stopping point on the way up. It is currently running at 25$
In other words if prices don't go up the chart is useless.
For upmoves, it shows where some mid term resistance can be.
For downmoves, the envelope bands show support zones which is around 12.37 - 13.
And this chart is solely focused on the mid term picture, not at all about short term forecasts.
Only in the subscriber section I show many more charts and especially short term outlooks. |
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the upward line is a bit distorted and in reality connect the highs of 7.22 and 15.4. And this line helps defining a possible stopping point on the way up. It is currently running at 25$
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we are in a rare period where ask walls are very thin and prices do not move up rapidly. will be interesting to see what happens in the next 24-48 hours
hmm... any pic to explain? TIA  |
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Overall, I like your perspectives in this thread a lot. I am still not 100% sure if the weekend dip is really something consistent that is useful to trade it.
Particularly the bank opening hours do not play a big role any more (I think). There is so much cash in the exchange. Look at the MtGox order book: The bids down to 10 $ are almost 1,000,000 USD strong. So, it is just a matter of "buying appetite". People COULD, if they wanted, buy a lot of bitcoins with the cash they have on the exchange. But they don't do it. Perhaps weekend volume is low because people relax and do other things more than trading bitcoins?
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we are in a rare period where ask walls are very thin and prices do not move up rapidly. will be interesting to see what happens in the next 24-48 hours
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Since I still had a few shares of the USD asset, which I used to hedge BTC long positions : Who is the one created this asset and what happens to those shares?
Nefario has not yet released the shareholder info.
If I'm not wrong, Atlas owns them. Have to check old threads and see to confirm that though. |
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Since I still had a few shares of the USD asset, which I used to hedge BTC long positions : Who is the one created this asset and what happens to those shares?
Nefario has not yet released the shareholder info.
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holiday newsletter issued.
we wish you all a healthy, happy and ideally profitable year 2013. may bitcoin surpass 100 $ :-)
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