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1  Economy / Speculation / The bears are losing their grip on: February 19, 2015, 12:45:29 PM
I think it's starting to become clear that bears are losing their hold over this market. They try to instigate a panic with huge market sell orders or attempt to erode bull confidence with pump and dump tactics but the price still seems to be slowly but steadily pushing upwards if you filter out all that noise. Once the daily MACD goes into positive territory we could see a huge spike into the stratosphere. And I mean really huge because it will coincide with a breakout of the bullish wedge that has been forming since December 2013. I'm looking forward to the next couple of weeks. Cool
2  Other / Politics & Society / Re: Analysis never ends (Ukraine/Russia split) on: September 11, 2014, 10:36:56 AM
According to situation around Ukraine it should go high =) Probably higher than winter high

So everyone in Europe gets higher gas bills.  Sad

Blame your government and the EU, they think it's necessary to put all kinds of sanctions on Russia so in the end it's us who pay for their stupid power games.
3  Economy / Speculation / One more capitulation event or not, that's the question on: May 06, 2014, 03:02:37 PM
So here we are, hovering around 420-440 and the market still feels very fragile and undecided what to do. A large part of this is caused by the Chinese situation of course and I'm sure everyone longs for that chapter to finally get resolved. What happens next I think is impossible to say with certainty, no matter how confident people try to make themselves sound on this forum. All of them are just as insecure about their own position as you are, so don't believe for a second anyone on here knows more than you do. What I do feel confident about is that the current bear market is coming to an end soon: the Chinese influence is becoming less and less and the PBOC can only delay the inevitable for a month or perhaps two more. So the real question is whether we will see one more capitulation event towards the low 300s/high 200s or this fragile consolidation phase will continue for a few more weeks with not much happening and as the price slowly starts crawling back up and volume increases the masses of people watching on the sidelines will all fall over each other to jump back on board. Once this snowball gets rolling it can happen very very fast and will catch many of you off-guard with people frantically posting threads on here whether they should buy (back) in now or wait for one more dip as the price continues to climb alarmingly fast.

Whatever may be the case, for me personally it's time to look for my seat belt and lock myself firmly in place, we may see one more capitulation event in the coming weeks but don't be fooled things are going to get seriously wild very soon. Cool
4  Bitcoin / Bitcoin Discussion / Variability of electricity costs a threat to decentralization? on: November 01, 2013, 01:27:19 PM
I've been thinking about the whole mining game and everyone being able to participate and mine bitcoins and do their share to strengthen and secure the bitcoin network. While this all sounds nice in theory, mining does consume electricity and so one would expect that the future of mining will have to become concentrated in places which have the lowest electricity costs. Now don't you agree this threatens the entire concept of decentralization and bitcoin being made for and by the people? This way it would only be made by the people lucky enough to have access to almost free electricity, and that's not exactly my idea of decentralization. Right now the margins are still big enough for everyone to participate in mining and it's fairly decentralized, but this is going to change very soon and I can't help but feel this is going to cause problems looking ahead. What are your thoughts on this and are there ways to solve this problem?
5  Economy / Speculation / Mother of all Cups? on: October 24, 2013, 05:45:16 PM

I'm no expert, but doesn't this look like a giant cup&handle to you? The handle seems to be forming right now, so what do you think is next? Cool
6  Economy / Speculation / Bitcoin says ''Fuck you'' on: July 06, 2013, 07:16:49 PM
Bitcoin has sent a little message to all the bears today:

Be warned bears, don't fuck with the Bitcoin. Tongue
7  Economy / Speculation / Massive rebound incoming on: July 06, 2013, 01:25:18 AM
I predict a massive rebound up into the triple digits next week. Right now there's lots of fear in the market and people are sending their coins en masse into MtGox to sell. Fiat however doesn't move as fast, it takes a few days to arrive and up until last Thursday USD withdrawals were impossible which doesn't help either. I mean who wants to send in their fiat when you know your USD will be stuck in there? So let's sit back and watch how after the weekend lots of fiat starts pooring in to scoop up some cheap coins which will lead to a massive wave of panic buying. You've heard it here first, don't be left behind when it begins. Cool
8  Economy / Speculation / How strong is your hand? on: May 14, 2013, 01:58:44 PM
I have a question for all you true believers in bitcoin who are buying and holding long term. How strong is your hand really? Is there a point where even you would let a good portion of your bitcoins go to cash out in fiat money? I'm not talking about selling a small amount of bitcoins, it has to be at least 50% of your total stack. Personally I don't think I will ever sell more than 50% of my bitcoins unless the whole experiment is doomed to fail (I will probably be too late then anyway). However when the price actually gets to values like $1000+ I might get tempted to release a bigger part of my stack. How about you?
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