Looks like we hit that ceiling.
Next attempt will probably go through

My congratulations to Risto for his predictions.

Ten days ago or two weeks ago he predicted that we would probably be back above 500 by the 15 April.

Yes, these updates are very good. To the point and free from emotional noise.

When are we reaching +8 USD per day climbing slope ?

Nobody cares what the ukrainians want, and the US/EU the last of them.
This world is a world of power wether we like it or not. It does not matter what you want but only how much power you have or others believe you have to make it happen. People in power don't care what people without power want. They see only their agenda. Some people in power in some parts of the world have to pretend and give the impression that people out of power have something to say, it is just more sneaky but only the same. The US had some plans for Iraq, Syria and so many other countries, and the people there could just shut up and eat depleted uranium while domestic opinions are fabricated. Ukraine is bankrupt, with few resources, the predominantly russian parts of the country are more dynamic economically and most importantly, it is the pipeline of energy to western Europe and it is surviving only on the fees it takes from this position. It has lost the power to maintain this position on its own and it is way too late for the country to join the EU.

Ukraine is the point where west and east meet each other, but the west tend to forget from which side the energy is flowing. I stand by my observation that yesterday's evolution is showing that there is no stopping of the escalation over Ukraine and it will have a key influence over financial markets in the next months and years.

Wrong. Not a victim. Both parties point the finger to the other but neither are right, nor wrong. Truth is in the middle.
I meant war drums in relation to the situation with Ukraine and Russia - not that they are the big bad ones...
Between the USA/EU bad one and the Russia bad one, I clearly support the latter.
Eventually, Ukraine has to come under russian control if the EU wants to keep warm in winter, and it's industry running.
It is funny to see the USA/EU in the illusion that they are in a position to inflict the most bitting sanctions. Next Russia will triple the price of its gas and request payment in physical gold and we'll see who has the power over who.

Ok this explains the strong rally. Well, the situation in Ukraine can only get worse I guess. Bottom was rightly called.

How do you see bitcoin's price behaving when the russian war drums will start getting louder ?

Some TA

Tuur Demeester is an economist and investor focused on personal and financial freedom and bitcoin, and editor in chief at Adamant Research.

http://www.coindesk.com/whither-price-bitcoin/

Price index is at 256 EUR but on localbitcoin you cannot find meaningful offer (I mean any decent quantity) for less than 296 EUR.
That's a cool 15%. I would have bought more coins but not at 15+% over exchange price...

Sorry, it is more clear. In my opinion BTC is enough of a ride without margin. You could wipe out ALL your bitcoins very fast and be left standing when the real rise starts. Don't forget that we are looking at a 4 months decline right now and that on a pure TA, things don't look good. Fundamentals are very good, but in your position I would wait for clear reversal signals before going on margin. Catching a falling knife is risky, catching a falling knife while jumping is, well yes, reckless.

the trend is never below where it should be, it is just a trend. The price can be below the trend.
Sell signal level has nothing to do with current price. It is predefined. It is only a function of time and trend (sell signal happens when current price = trend price * 3)

Only risk what you can afford to lose. People who do such things are usually punished.

This is not true. I feel like buying, will keep buying now and if/as we go lower.

He already provided his insight about this and said that if 400 is not breached, we should be above 500 by the 15 April or so and on our gradual move up, with a new all time high during the summer. Most of the gains towards the all time high happening in a very short timeframe.

400 does not look like it will hold. We broke 300 EUR by the same occasion.
Cheap coins !

EDIT : so far so good, impressively held strong momentum

As anticipated yesterday, we had our "news" : http://www.coindesk.com/bitcoin-price-crashes-chinese-exchanges-stop-bank-deposits/

Are we done with it now ?

What is the duration of these candles

Exactly. That's why it would be an even better buying opportunity, I would buy more in such scenario. Not sell.

If there is no major official announcement in China within one week. I mean a real news, not a rumor. Then I think Risto was right and we'll break back above 500 around next Wednesday.

A new rumor would have little or no effect and could just keep us in same range. But some threatening words from chinese officials before or on 15 April could still create more down action.

Right, I don't think we've seen anything interesting so far on the altcoin scene. As someone put it, it's all a big experiment.
Today, they offer about no interest in comparison with Bitcoin. I am not concerned/interested about the past altcoin scene but rather more with the future.

I agree with the article shared by Risto. Current altcoins have nothing much for them at all. The main reason I see is that the entities who launched them are more or less nothing.

I am much more concerned about altcoins that would be launched in the future by big entities that have power and followers : governments, big corporations, big non-profit organisations. The reason is that I think that they will be able to offer services and functions to the people under their influence  that will not be offered by bitcoin.

I know it might be hard for an independant powerful entity to launch a new crypto because it would be perceived as able to control it somehow for its own interests. But if the entity really plays the crypto game and implement it properly, I don't see why they should not be successful.

Let's take for exemple a giant like Google. I am sure they already have a team working on this, thinking about : how to launch GCoin, what could it bring to the google ecosystem, what advantages a GCoin holder will have to transact in Gcoin as opposed to Bitcoin, they could give the option to pay adsense with GCoin, offer to be paid for Adwords in GCoin, integrate GCoin in Android, in Google Search, Gmail, etc. I mean they have huge power, and if they understand crypto and know how to play the game fairly, they could invest their huge power and network in developing the GCoin.

The question is : why would google choose bitcoin and choose developing its crypto-based services using bitcoin versus doing it for a new GCoin ?
The same question applies to Facebook, Apple, Microsoft, and other internet giants.
I am sure many here have answers...?
If they make a true crypto without any control over it, maybe they don't have any interest to use something else than bitcoin ?

Bitcoiners will say that people will not trust a giant like google. But in practice, most people are sheeps, and it's about transacting, not so much investing. So if there are good services associated with a crypto, and people are using the google or whoever ecosystem, they will tend to do it.

It does not mean Bitcoin will not maintain its function as a crypto reference, store of value, exchange reference. But it reduces bitcoin's potential numbers and probabilities.

I am not trying to push my argument but rather am asking for counter arguments to disprove my point.

I might believe that we continue to follow the trend line for a while longer if there is a rally this year beyond 2-3000 USD, but even then, not for years. I have sufficient faith to be holding right now, so I do believe that the current price point is good. I actually increased my amount of bitcoins by 35% by buying last week around 435 USD.
I think bitcoin could hold on the exponential trend line for some 5 years if it was alone using its own technology. Since it is open-source and due to my concerns expressed in my previous post, I think a huge number of big, powerful entities will launch their own crypto and greatly spread and dilute the crypto market cap. I just don't see why bitcoin would be holding the vast majority of the crypto technology market cap going forward. I have not been explained with enough arguments why that would happen.