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Probably thieves and exit scam artists launder money there (no KYC)...
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During an interview, DFS Superintendent Lawsky indicated the BitLicense would be out at the 'End' of may. However, this could be similar to 'Soon,' and 'Two Weeks'.
BitLiesence |
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i think the price is being artificially kept low and even driven to lower lows to take it away from the limelight and media attention and focus on application development. I have read a lot of people (smart) comment on this saying 'the price needs to be low to focus attention on the more important aspects of bitcoin development - all else other than it's speculative price that is'.
Fits in well with how price has been trending down since last year. Now, i have now proof of this, but i see us heading even lower than $165. Once all the infrastructure is set up properly, the next wave of price rise would be more sustainable as the services required will be plenty.
Just my opinion. Ignore
No need to ignore, quite the contrary! Truth is that when speculating on fundamentals and various scenarios you might go crazy. We will never know if someone is manipulating, to what extent, etc etc Maybe BTC was overpriced, maybe it was just longs getting margined, maybe BTC fundamentals is so broken it will never rally again, maybe... So basically I don't care anymore about news, technical issues (block size, halving, 51% attacks, etc), hype, trolls, shills and so on! In the end of the day what really matters is who is in control on the supply & demand battle, bulls or bears? That is written in PnF charts. |
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Thank you for the elaboration.
With all the movments and efforts drawn into bitcoin.
Don't you feel bullish about breaking the bearish barriers and lines in the above chart.
I see here that you are netural, but from your expreience and knowledge, what do you think after the long-term future, 5 -10 years from now ?
Thank you.
I think Jamie Dimon is the only well known representative of the bank cartel that saw and expressed this clearly - Silicon Valley wants a piece of the pie in the money business and their weapon will be mainly Bitcoin. What effect will this battle of the two mega powers have I don't know - but I think they both have reasons to manipulate the price in both directions*. In general, masses will follow the winner unless some serious shit hit the fan (USD collapse, Eurozone collapse, etc). IMO average Joe is not interested in investing anymore for various reasons. Unless some serious volume picks up with GBTC & XBT ETN (which are bullish in general) I expect another dump down to the 220-225 zone. If this holds I don't know but if we hit below 200 I think it will be the result of big manipulation (like the dump from 300 to 150). Long term I think that Bitcoin will eventually rally above 1000$ but maybe the drama is not over yet... *EDIT: Well, basically malicious gvts/banks/old money biz cartel have reasons to manipulate the price only in one direction. |
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Some more long term view (for investors and more long term traders):  The box size is based on ATR 100 and it is about 14$. Pay attention to the double bottom we formed at 220$. Relatively 'safe' longs: 350-395 450-520 540-680 700-1000 >1200 EDIT: But basically if we break 440$ it is a buy. If we break 220 next stop maybe 165$. EDIT2: Updated image with bullish support line. Thank you for the chart. Could you elaborate more about the safe longs please. Ok, so this is a more long term view again. According to this chart we have many bearish resistance lines to clear until about 440$. But we have some room to open a long between about 350 and 400. After we clear the bearish lines we have to look back at the chart at where we have double tops (or tripple etc) that were not broken, so this is a price where we will have resistance too (maybe we can take some profits, wait to enter again lower etc). The double bottom at 220 is intact yet, so it is a sign that the bears there failed to penetrate this price. The most important buy/sell signal is always breaking double tops/bottoms - it is as if there is a brick wall there that was preventing the price to move beyond and it is finally broken! That said, if we do break out, it will basically be (at about 315) a quadruple top breakout which is VERY bullish signal and you could risk opening a long there too. The higher we go the less the risk, the less the rewards. Finally, the long term trader or investor could always not sell at the resistances I mentioned (in previous double top failed attempts) but: 1) In the first double bottom break or 2) In the first double bottom break AND penetration of the bullish support line |
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I like the previous chart because it shows clearly the many failed double top attempts in the past.
Around 300, 440, 525, 675, 825-840 and almost at 1000 and 1150
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Some more long term view (for investors and more long term traders):  The box size is based on ATR 100 and it is about 14$. Pay attention to the double bottom we formed at 220$. Relatively 'safe' longs: 350-395 450-520 540-680 700-1000 >1200 EDIT: But basically if we break 440$ it is a buy. If we break 220 next stop maybe 165$. EDIT2: Updated image with bullish support line. |
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On the logscale chart going back to 2011, the projection of the bottom is around $30. The pattern drawn in the OP on the logscale chart shows the price action broke down through the bottom support line as of the start of 2015, thus the next line of support is the long-term line. I place high odds on Bitcoin breaking back below $100, because there are still too many hyper-proud, overconfident Bitcoin fanatics who don't understand basic facts. Capitulation will likely be some where in the double digits because we need blood in the streets and below $100 is the psychological pain/panic/despair threshold for many. I am expecting a potential bounce to $320 (to the upper line of the wedge to touch support that became resistance) before the waterfall (stampede) decline to the capitulation bottom. If we fail to break 250 in this move, your scenario is very probable. On the other hand, based on my analysis, if we do penetrate this then it is the beginning of a new bull market.. EDIT: Though I have to repeat that since China entered, we really had no new blood buying - this has changed with GBTC and XBT ETN (& probably with COIN ETF) and I seriously doubt it will be easy for supply to overtake demand and NOT break 250. THIS is bitcoin. There will always be overconfident Bitcoin fanatics. Even at $10 many early adopters sit on massive (cashed out) profits. I wrote some time ago, that this board shouldn't be used for sentiment analysis anymore as it degnerated to an (entertaining) puppet show. If you want to get a feeling, where the market stands now, you have to get out of this realm. Not sure if you agree with me or not but my analysis is based not on fundamentals or sentiment: https://bitcointalk.org/index.php?topic=1064374.0Now, bitcoin fanatics & the forum and their interaction with the price are two topics for analysis that are huge on their own !  Finally, many traders/investors @ NYSE/NASDAQ will buy regardless if the current price is high or low for various analysts and this is a DEMAND increase. I don't see any increase in SUPPLY though, excluding miners and the short sellers who act more short term (opportunistically) anyway... EDIT: That said I will open some shorts if we reach the resistance at 245 to hedge (stoploss 247) and will put 240 as a stoploss for my longs. So I am not a btc fanatic in any way, I am looking to make as much profit as I can from this market whether it moves up or down. |
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On the logscale chart going back to 2011, the projection of the bottom is around $30. The pattern drawn in the OP on the logscale chart shows the price action broke down through the bottom support line as of the start of 2015, thus the next line of support is the long-term line. I place high odds on Bitcoin breaking back below $100, because there are still too many hyper-proud, overconfident Bitcoin fanatics who don't understand basic facts. Capitulation will likely be some where in the double digits because we need blood in the streets and below $100 is the psychological pain/panic/despair threshold for many. I am expecting a potential bounce to $320 (to the upper line of the wedge to touch support that became resistance) before the waterfall (stampede) decline to the capitulation bottom. If we fail to break 250 in this move, your scenario is very probable. On the other hand, based on my analysis, if we do penetrate this then it is the beginning of a new bull market.. EDIT: Though I have to repeat that since China entered, we really had no new blood buying - this has changed with GBTC and XBT ETN (& probably with COIN ETF) and I seriously doubt it will be easy for supply to overtake demand and NOT break 250. |
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Bitstamp breakout for the previous rally (fall 2013):  |
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When & if 250 is broken it will be the 150$ equivalent...
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Anyone know approximately how many bitcoins KNC Miner has in their possession to sell?
Edit: Through their miners or their miners + orders.
Edit #2: It looks like they have 7400 bitcoins in their possession and potentially 4000 bitcoins in the XBT fund so far.
Also they dump their coins on Bitstamp about 300-500 at a time (sometimes as high as 3000). But overall they are net accumulators of bitcoin.
How many shares is this? |
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Something has happened?
Shakeout before the bull run |
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Thanks Tim!
Seems time for a X column? Let's see if it will give us both buy signal AND the end of the bearish trend (252$).
Tough fight from 240 to 245...
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Holy shit, the only thing more boring than the winki twins is this GBTC joke...
Here enjoy this gif:   |
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Holy shit, the only thing more boring than the winki twins is this GBTC joke...
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+1 NEwest fan here
Greetings sir!  |
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