Would it be benificial to update the OP? It's horribly misrepresentative of the current Bitcoin situation.
Thank you. You are right, I will update it soon |
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short term update mailed to subscribers
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Bitcoinica has started using a new bank account in New Zealand for wire transfers. This account is opened with Bitcoinica's banking partner Core Credit Limited (an approved FSP in New Zealand).
From today, please send wire transfers to the following destination:
Account Name: Core Credit Limited
Address: Auckland, New Zealand
Account Number: 26821351-USD-37
Bank Name: ASB Bank Limited
Bank Address: 135 Albert Street, Auckland, New Zealand
SWIFT Code: ASBBNZ2A
Transaction Ref.: [Available on Deposit page]
Also, you are now required to create a deposit notification when you send the funds. There are no incoming transfer fees, but intermediary fees (if any) will be deducted from the transfer amount.
This is great progress. |
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The Bitcoin Weekly Report newsletter with bitcoin price forecast is out
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"Simplicity is the seal of truth." But my rational mind does appreciate many of your posts miscreanity  "Nature is wonderfully simple, and the characteristic mark of a childlike simplicity is stamped upon all that is true and noble in Nature." Excerpt from The Story of Alchemy and the Beginnings of Chemistry. I am quite fond of simplicity and believe life as a whole can be greatly simplified, I am looking forward to an extreme simplification of the financial world. Thanks A corollary is that complexity arises from simplicity. My issue is that the level of analysis provided by S3052 pertains to the trading environment but was being applied to areas in which it is not appropriate. Trading is a major part of a dynamic system, but it is not the entire system. Everyone has the right to believe what he thinks is right.
Certainly. Now for some debate I believe the socionomics theory more, whcih says that the market itself is the best leading indicator for the economy and social mood.
Even when a market is no longer a market? Social mood can't change the fact that food is necessary for survival. It doesn't help that I'm not fond of Prechter, to be euphemistic. Adherence to one side without flexibility to account for variable conditions has resulted in his incessant calls for gold topping and being wrong every time. 2009: Prechter Says Gold & Silver Due for a Major Fall2010: Gold could fall 40 percent from peak: Prechter2011: Gold's Short-Term Move: Evidence of a Longer Trend?2012: Robert Prechter of Elliot Wave Intl. on how Social Mood Drives MarketsFor a while now, fundamental reality has been the dominant force - not the whim of hopes and dreams. The "social mood" is being led around by the nose, and conditions are nowhere near right for "socionomics" to be valid. Maybe another decade or two from now, in China. |
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Yup its time for an update!!
this thread was started 3/13
Bitcoin 5.40
Gold 1690.
today 5/2
Bitcoin 5.09 (down ~6%)
Gold 1653 (down ~2%)
Gold still hasn't collapsed, Bitcoin still isn't up.
AAPL 583
cypher has done this with a mid and long term view in mind. wait another couple of months and we will see |
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the last 2 comments have been excellent but i'd add one thing. even tho the economy is growing and the price has stabilized, there will still be points in time where the price will rise in fits and spurts as "realization" hits home that this thing called Bitcoin is truly a viable currency and store of value. all you have to do is look at stocks the size of Apple to understand that you'd better get on board before this realization takes place or you'll be left chasing.
+1. Prices move in waves. there is always calmness in between, but then the next big wave is coming. Who knows, perhaps we will never see 5 $ from below again, or 4.73 $. |
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The easiest way to "kill" bitcoin at this point is to make all the speculators get bored.
*Edit= damage, not kill
will also damage ppl who accept bitcoin payments in a hope for bigger price on the future |
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OMG, most times S3052 is predicing growth, bitcoin is falling down like a stone  Look at what is happening now, price already at 4,86 and still falling  But I don't want to blame S3052, but fact is that bitcoin prices cannot be predicted. so we are long term bullish? YAY! (did i misunderstand again?) This kind of language raises a big red flag for me. Got out at around $5.15 and I think I'm going to stay out. |
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TH reason for the flat prices are not more speculators (we rather have fewer of them). The simple reason is the chart picture of bitcoin/USD. After a huge 3.5-fold rally from Nov 11, prices need to consolidate this rally. This will change after this consolidation is over.
This assumes either everyone involved with Bitcoin is trading, or the chart pattern is a self-fulfilling prophecy. Either way, the over-simplification is preposterous. Remember: there really is a world outside of squiggly lines on a screen. Fundamentals trump technicals.
http://socionomics.com/ |
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In the cutting edge world of Bitcoin, it's "secret rocket versus secret submarine"
As for the game of trading, Bitcoin is a solid short all the way to the foreseeable end, just don't be the last one to leave the party. Evidently your expertise is not as great as the attention you gather for it. Consider this your homework assignment.
You are probably referring to the option b of the chart picture that implies another decline below 1.994 $. if this happened, this would likely have bad consequences on the exchange rate like a fall even below 0.1 $ and also for bitcoin as a whole. So far, the chart option a still looks more probable. the key trigger point is 1.994 $. |
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In the cutting edge world of Bitcoin, it's "secret rocket versus secret submarine"
As for the game of trading, Bitcoin is a solid short all the way to the foreseeable end, just don't be the last one to leave the party. |
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Oh boy, that flat wave is really dominating...
and also the sentiment is too bullish for an immediate rally |
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Not going to be for long... how do I know? I just sold some, so its going up.
SELL ALL THE COINS!  now I'm starting to think the "There are more speculators. Their bets neutralize each other." might just be spot on... |
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it's very simple. there are always cycles of high and low volatility. now we are in low volatility. soon we will see a massive move
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Bollinger band range on Friday were getting so narrow that one could expect a break and as a consequence, higher volatility.
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Starfish on sell!  Exactly as you say. This means only longs can be convered. thanks. does does not sound like it is a liquid platform |
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Starfish on sell! |
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OMG, most times S3052 is predicing growth, bitcoin is falling down like a stone Look at what is happening now, price already at 4,86 and still falling But I don't want to blame S3052, but fact is that bitcoin prices cannot be predicted. so we are long term bullish? YAY! (did i misunderstand again?) |
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