its gana blow.... no doubt about it... question is how many suckers will sell their coins when the market takes a slight dip  Fixed this for you btw lololol didnt you also mention you sold on both bear traps also my charts on almost all timeframes are pointing up, we are almost overbought in the RSI but still think we have few more before we even touch the red there my confusion has turned to madness... But there's method to it, Adam |
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Can I get a wall pic?
a wall pic? what do you think this is, the wall tracker thread? |
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And it would be a really nice way to counterbalance the newly released Ama-coins. Google would save itself the aggravation of having to design a currency (though Ama-coins are really a gift card), and the possibility of it getting hacked the minute it hits the internet. |
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piper, could you please post a little less news?
the whole article isnt about bitcoin at all and amazoncoins arent even a currency. it gets very hard to distinguish noise from signal in this forum lately.
My understanding was that the test was a mention of Bitcoin, not that the article itself should BE about Bitcoin. Also, as mentioned before, these posts emanate from Zite, which gathers articles from a number of sources, including blog posts, and presents them as news. In today's environment, I'm not sure one would qualify as news more than any other. But sure, I'll post less, no skin off my nose. I thought more was better, but perhaps not. Cheers |
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I think that this situation is quite useful for Bitcoin for 2 reasons.
1. It disperses attention of governments & banks so that they now will have go after 2 targets.
2. It may pave the way for all alternative currencies into the current system
I wonder if Amazon will take this "coin thing" further, making it a real currency, not just a gift card system.
One other reason, it will be a lure for hackers... wait till Ama-coins start getting hacked and costing Amazon millions of dollars a year. |
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These articles are more and more ridicolous
Next on the news: Could Carrots replace the Dollar? If you can buy Tide and Tulips on Amazon, does that make it a multi-currency exchange? Only if you can then sell the Tide and Tulips back for Ama-coins  |
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smoke signals too... provided you have the time and a reasonably self-correcting code |
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Of course, this goes without saying (especially if Erik will be there), but here's really hoping someone makes the distinction between Bitcoin and the Amazon credits as clear as possible.
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Bitcoin is in a bullish trend, it will continue until it stops. This could last very long time (markets are known to be stubborn and irrational for longer than many can remain solvent).
The Bitcoin market can remain stubborn and irrational (nonsensical term!) indefinitely because it is an equity based play where, currently, there is very little in the way of leverage instruments. That means holders of bitcoins can remain solvent indefinitely; there is no debt to service and no margin calls. you're assuming speculators haven't gone out and borrowed a bunch of fiat and dumped it into Bitcoin. nor are you considering how leveraged other aspects of their lives might be. for instance, if someone bought Bitcoins with cash but also leveraged up to speculate on 10 houses, their Bitcoin stash may be very vulnerable to liquidation due to a downturn in the housing market as the speculator scrambles to raise cash for mortgages gone bad. Well, the argument from "imponderables" applies to pretty much any kind of investment (gold, silver, shares of Microsoft in 1987). There are a few other unknowns in the Bitcoin environment: - How many ultra-early adopters own wallets with upwards of 100K BTC? - How much does any one of them really want to buy a house? - How likely is it that the hard drive in the laptop on which they originally mined those coins never went tits up? And so on and so forth... However, on the "ponderables" side, Bitcoin, as an investment mechanism, is on the face of it an equity based play. |
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the assumption is that is has been a trending market, but that it just broke out of that pattern (see the OP).
you disagree?
I do disagree. All I see on the chart in OP is a line which starts in bottom left corner and stops in top right corner. This is basically definition of a trending bullish market, the rest is noise. Heh... is it true that you've stopped beating your wife? Sometimes, it's all in how you pose the question, isn't it? Maybe the market is correcting as we speak... it's just correcting upwards. |
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This article is Feb. 6, not 11. I got halfway through before realizing it was an article I read last week. The date in the Subject line is supposed to be the date of article publication, not the date it was posted to this forum. Thanks for posting it, though. It was a good article.
Sorry, I misread the rules. I'll edit the subject line now... Cheers. |
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Great news. Now, when you have a minute, write an article about how amazon coins are just a gift card while Bitcoin is a currency, will you?  |
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litecoin is like bitcoin in some ways.. comparing where things were at the same age of under a year and a half, there values were very similar.. bitcoin moved into the SR economy, where as litecoin is now growing some merchant tools and services to attempt at a clean mainstream direction without any of the negative bitcoin propaganda.
also selling the bitcoin concept to miners is soon going to be obsolete as people trying to make it rich with just GPU's from their home computers on bitcoin wont happen. that's where litecoin will still gather more fresh faces and interest.
it may become that litecoin gathers some recognition as the introduction coin where people begin to mine, sell it for a few items available , and then make enough profit to buy an asic to enter the big coin industry.
it may be that all the hackers and darknet users become the sole users of bitcoin and genuine businesses move to the cleaner coin.
anything can happen. and thats the great thing about these coins. freedom of change, freedom of movement, freedom of choice.
and anyone that loves bitcoin to such an extent that they will try tarnishing other coins is not really into the whole concept of freedom.
thats why im in both boats.
Someone with a brain, thank god. Great post. Nonsense, of course. It's exactly the other way around. Hackers and darknet users won't become the "sole users" of anything, they will go wherever there is a viable currency. If that's LTC (which is extremely doubtful) then that's where they'll migrate to. The logic in the previous post is precisely upside down. |
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