Good news! NO FUD. BTCChina: http://www.weibo.com/2149945883/B1MStEjN0?mod=weibotimeSmall partners about bitcoin China suspended all news withdrawals are false news Bitcoin Chinese recharge and withdrawals everything is normal. If you need help, please call customer service phone 400-664-3033 A chinese guy on tradingview chat was telling me this yesterday. a lot of chinese are not concerned at all - after all, the chinese have declared that they cant ban it, dont have the authority to ban it, and dont wish to ban it. There will be a loop hole in the system for deposits somewhere. ill bet on it, seems like the chinese think so. thanks for posting. |
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Depends on how far you want to go back before you start counting. Everything going on right now in Bitcoin tells me this 'bullish analysis' is nothing more than wishful thinking. Just be sure that you don't place so much faith in it that you are willing to bet the house on it......or even more than a few shillings for that matter. I started counting from 1200. can wee all agree that was the beginning of the correction? I hope so. |
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C wave is diverging, suggesting further that this is not a iii wave. 400 is critical support, fibs and historically. b wave was wedge, suggesting terminal movement. Im looking for a strong short term signal long, before targeting 500 again.  |
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Some people like to mistake propositions for guarantees. It means they have someone to blame when they lose, but still they have an excuse to chase a free lunch.
why should speculators on a speculation forum have to begin and end every sentence with 'probably imo'?
Because most posters don't change their PoV every fifteen minutes or claim to constantly be 'right'.Most posters slowly earn people's respect and some latitude, newbs who fish bomb the forum with their vicarious opinions are quickly seen for what they are - loud-mouthed attention seekers. If you are accusing me of doing this, this really underlines your entire misunderstanding of what I am doing. I am 80% a holder, and 20% a day trader. Maybe this is why you are so confused. short term and long term are very different things. I dont hold a crystal ball, but I do not have to declare this every time I express an idea or an opinion. Im not going to put up with your strawman arguments, maybe that's why you percieve my need to be 'right'. |
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Some people like to mistake propositions for guarantees. It means they have someone to blame when they lose, but still they have an excuse to chase a free lunch.
why should speculators on a speculation forum have to begin and end every sentence with 'probably imo'?
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I think extrapolation of the historical chart patterns is a stronger argument than extrapolation of risto's bets.... just launched my bet on bitbet.... $4000 before $400. should be approved tonight  Bold. Size of bet? You consider ~1000% appreciation more likely than ~15% depreciation? just $20, for now. Ill add more when we pass $500 again. ..... I dont really consider it more likely, but I am counting on a lot of 'NO' bets. If I can get 2/1 odds i'd be happy, but I think Ill get much better odds with so many bears around imo there is a fair chance that capitulation has happened. if so, we are likely not going below $400 again. in that case $4000 before $400 is a fun bet  The odds are NOT established at the time that you place the bet? That would suck, if the odds keep changing forever... the odds have to lock in at some point when the betting is closed? like horse racing.. but this is a little different b/c the horses are running while the bets are coming in.. and they close the bets on the last lap or some silly shit like that? In my eyes, it would be more fun, if the odds were locked in at the time that I were to place my bet.... if i were to bet... otherwise, the whole thing seems to be fucked to be betting on horses while the horses are running. "Every bet has two sides. Every bettor on the winning side will receive as follows : 99% of his original bet sum (1% goes to BitBet.us) plus 99% of his bet times the total bet by the losing side multiplied by his bet's total weight and divided by the winning side total weight." this is a fun way to bet. if you are the first to bet, your weight is 100%. you can wait to the last minute and bet on an almost certain outcome, but your weight will be much smaller - therefore your winnings possibly not worth the risk. If you place a bet that is evenly sided, and likely to be popular, you can win simply by betting on both sides. It's an incentive to be gutsy, and to make good bets. If I place a .05 BTC bet on 'yes', and 20 bears bet 2 BTC on 'NO' then I stand to win 2BTC. if the price begins to climb to 4000, some bulls will bet yes, but they will be entitled to proportionately less than I will be of the 2BTC. I will still have very good odds. That whole waited crap is why I never used the site. It's very difficult to calculate your actual odds even when you bet very late yourself. it cold very well be that by betting late you get less than 100% of your bet even when you win. This is an incentive to make very popular bets. there comes a point where the weighting is so bad that it is not worth anybodies risk to bet. then if you have bet first, and on both sides, you can actually guarantee a win. I expect this bet will attract a lot of 'no' bets. If the price passes $500 again, I am going to trap the nay sayers, and saturate the bet weighting. this could be a very good bet because the odds are by consensus high, and it is also an effective derivative to the BTC price. I only have to risk a small amount to start this bet, and I can play it how I want. thats why I made the terms. |
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I think extrapolation of the historical chart patterns is a stronger argument than extrapolation of risto's bets.... just launched my bet on bitbet.... $4000 before $400. should be approved tonight Bold. Size of bet? You consider ~1000% appreciation more likely than ~15% depreciation? just $20, for now. Ill add more when we pass $500 again. ..... I dont really consider it more likely, but I am counting on a lot of 'NO' bets. If I can get 2/1 odds i'd be happy, but I think Ill get much better odds with so many bears around imo there is a fair chance that capitulation has happened. if so, we are likely not going below $400 again. in that case $4000 before $400 is a fun bet The odds are NOT established at the time that you place the bet? That would suck, if the odds keep changing forever... the odds have to lock in at some point when the betting is closed? like horse racing.. but this is a little different b/c the horses are running while the bets are coming in.. and they close the bets on the last lap or some silly shit like that? In my eyes, it would be more fun, if the odds were locked in at the time that I were to place my bet.... if i were to bet... otherwise, the whole thing seems to be fucked to be betting on horses while the horses are running. "Every bet has two sides. Every bettor on the winning side will receive as follows : 99% of his original bet sum (1% goes to BitBet.us) plus 99% of his bet times the total bet by the losing side multiplied by his bet's total weight and divided by the winning side total weight." this is a fun way to bet. if you are the first to bet, your weight is 100%. you can wait to the last minute and bet on an almost certain outcome, but your weight will be much smaller - therefore your winnings possibly not worth the risk. If you place a bet that is evenly sided, and likely to be popular, you can win simply by betting on both sides. It's an incentive to be gutsy, and to make good bets. If I place a .05 BTC bet on 'yes', and 20 bears bet 2 BTC on 'NO' then I stand to win 2BTC. if the price begins to climb to 4000, some bulls will bet yes, but they will be entitled to proportionately less than I will be of the 2BTC. I will still have very good odds. |
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I think extrapolation of the historical chart patterns is a stronger argument than extrapolation of risto's bets.... just launched my bet on bitbet.... $4000 before $400. should be approved tonight Bold. Size of bet? You consider ~1000% appreciation more likely than ~15% depreciation? just $20, for now. Ill add more when we pass $500 again. ..... I dont really consider it more likely, but I am counting on a lot of 'NO' bets. If I can get 2/1 odds i'd be happy, but I think Ill get much better odds with so many bears around imo there is a fair chance that capitulation has happened. if so, we are likely not going below $400 again. in that case $4000 before $400 is a fun bet |
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I think extrapolation of the historical chart patterns is a stronger argument than extrapolation of risto's bets.... just launched my bet on bitbet.... $4000 before $400. should be approved tonight |
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there comes a point where the market rises unexplained regardless of news. historically, the best time to buy is during genuine tragedy, even (especially) during serious wars. the day will come, when this market will rise regardless of china. something to do with offshore exchanges opening in USA and Europe, I suspect.
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Bitcoin is great fun to day trade BUT it would be a terrible currency to learn how to day trade with. the liquidity is terrible, and volatility is terrible (and excellent ). forex is a better way to learn (lower cost), but a lot less profitable. either way it is making a BIG decision to learn to day trade, because it takes years, and you can be sure that if you give up, you will give up at a big fat loss. I would also advise that you have developed your own ideas about trading before you set out, and figuring out things yourself is important in this game. If you are going learn to trade on Bitfinex my advice would be (apart from dont!) let your low orders fill (rather than market order) and keep an eye on the liquidity (your exit). bottom line, dont let day trading ruin the loot to be made from holding! |
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The event unfolded as an ABC corrective pattern, stunted at 440. I would bet that we never see under 400 again. I think Im going to make a bet on bitbet - '4000 before 400'
After staking your analysis reputation on price hitting $580 before $480, and losing, you are forbidden to guess price any further. oh my 'analysis reputation' aye? haha i did not stake my 'analysis reputation' or any future analysis. lol. forbidden? I thought you might give me some credit when it bounced squarely of 480 on stamp before the c wave, you probably saw the chart. nope, but I only get credit for my losers around here. selective bastards. you will see plenty analysis to come I promise. I might pm you some of my best work  |
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Based on my research, I don't believe we will see 435 ever again (Bitstamp). If someone is willing to bet (I naturally expect much better than 1:1 for me), PM please. Chart1 & Chart2. This is just the 2013-7-18 again. No looking back (when you least expect it). while many day traders are expecting an upswing to 475, this makes a very good case to be long The event unfolded as an ABC corrective pattern, stunted at 440. I would bet that we never see under 400 again. I think Im going to make a bet on bitbet - '4000 before 400' |
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 to justify my short term view. we need a lot more consolidation if we have not capitulated. |
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What do ya'll think of this? since this news has unfolded surprisingly as an ABC wave, the buy target is closer now. looking for exhaustion above 400.   |
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We'll first off it's not even guaranteed that the world will adopt any form of crypto but if they do it might be something that is nothing like any of the current 'coins'. It might be non-blockchain-based and use some other technology that we can't even imagine currently.
I can imagine two radical alternatives: cryptocurrencies issued and managed by (1) large private multinational companies or consortia (banks, insurance companies, retailers, google, facebook, ...) or (2) national governments (USAcoin, BitEuro, RussiaCoin, etc.). These cryptos would retain the idea of offline generation of address/key pairs, but junk all the other "features" of bitcoin (anonymity, decentralized management, independence from gov & banks, irrevocability, mining, limited number, deflation, ...). Libertarians would hate them (and would hate (1) too), but for most consumers and retailers they may be even better than bitcoin. a centralised crypto is not an alternative to a decentralised crypto. this is what makes bitcoin revolutuionary. centralised cryptos are nothing new. the world does need a decentralised crypto. we have no superior alternative yet to bitcoin. |
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Yawn. Bit is an option to a brave new world. Some of its characteristics:
- Assuming 10 billion people, everybody has a quota of 2,000.
- No inflation
- No storage cost
- No confiscation
- Does not expire
- Your quota costs $1, or a little less. Previously it was $2, some time last year $0.05.
- If you want to be shrewd, buy the quota of others because they scorn it, and sell it to them when the price is right.
Anything that happens before just has to happen.
Most of your discussions are backed with this fantasy where the whole world adopts bitcoin. which crypto do you think they will adopt? |
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Going exactly as I want it to
got my bids at $432
considering moving up to $442 to not miss it though
Not sure if I should buy or just wait a little bit just incase... This kind of news affects the market for days. it is likely that you will get another shot at lows, unless there is some surprise good news. (very good news) dont panic buy. over to you. |
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iii of III possibly about to hit. dont wanna look  |
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