What part of "Wall Observer" am I CONSTANTLY misunderstanding?

Nothing gets by BearPig. This guy knows his stuff.

http://forexmagnates.com/and-the-first-forex-broker-to-offer-bitcoin-trading-is/

What does this imply for the price?

How does an institution offer leveraged Bitcoin trading through another exchange?

I know bitcoinica did this and failed. Hoping someone can explain this.

Thanks

 

Please stay on topic.


I'd be interested to see the statistics for the adoption of domestic vs foreign children in the US.

Words are cheaper than bitcoins mate, when you see some posts here you'd think all of them are prophets

I just have to say that wasn't it your parents who adopted these kids?  Sure they are your brothers and sisters but it's not like you can really take credit for adopting them.

testing it myself, it seems google chrome gives the 'this file may harm your computer' warning just because it is a pdf. i admit that i used a particularly ad-infested upload site -- if anyone knows of a better site, or has a server that can host the file for me, that would be helpful.

edit: is that what you were offering? i'm emailing it to you right now.
edit2: your email address appears hidden.

--arepo

You and you're family are genuine humanitarians.

with all this talk about fractal analysis, i haven't really explained much what the methods consist of. for this reason, and for reasons of transparency and accountability, i want to make the price report which i opened this thread with publicly available, as the projections and analysis it contains has expired some time ago. for anyone who wasn't involved and is curious to see its contents, i've uploaded it in pdf format for free download*: Arepo's Detailed Price Analysis and Report [22 April 2013]

i just want to thank everyone who was involved again for supporting me in this project, and if i informed your profit, consider making a small donation to bitcoincharts, clarkmoody, and bitcoinity, as these are all services which i leverage intensely in my analysis.

--arepo

*please know that this is my own work and i do not permit profiteering off of it, only free dissemination and duplication.

WTF !!???

Is this the new add on accessory ... kids from poor country's

alcohol and greed [notice the complete lack of substance or technical defense of the claim]

i was inebriated and shouldn't have really been on the forums or daytrading at all  my bad.

passed out and sobered up, and what we're seeing now is a manifestation of this pattern:


im working on making fractal analysis more rigorous (specifically, more precise) because clearly we fell a little short of my target $165, but i think it's very powerful that i was able to predict the 'shape' of the price so accurately. this was to be a second test of the fractal hypothesis and i think the result can be described as: "plausible". not evidenced explicitly, yet, but i'm excited to do more work on it.


as for your question, the market seems balanced right now (indicators neutral). $120 held as anticipated and i doubt we're going to see sub-$120 coins any time soon. extending the above hypothesis, i do anticipate a consolidation period in this range ($120-$150) for about another 12 hours, at least, and then perhaps some serious price movement. unless things suddenly start looking bearish (large dump, etc), that breakout should be up, because sideways is very bullish for bitcoin at this moment.

what do you guys think?

--arepo

BTCE is selling Bitcoin for a lot less than MtGox.  In fact, for less than the buy order I have outstanding at MtGox.   Were it not for the old "If it looks too goood to be true, it is too good to be true." saying, I'd cancel the MtGox order and get 100 or so Bitcoin on BTCE.

This forum is full of people who are natural arbitrageurs.  How come this discrepancy exists?

At some point (this will be the signal that we've achieved 'adoption' and that bitcoin will never fail) one of the big-boys (payment processors) will jump on the bitcoin bandwagon. . . It would be great if it were Western Union. They could retool their entire network to use bitcoins on the backend while at the same time reducing equipment costs and increasing profits (nobody is going to bat an eyelash at paying their standard fees for moving fiat to btc or vice versa). It would also open a new line of business for them when integrating bitcoin into their billpay and other features.

The block-chain would effectively replace their own server costs for actually conducting transactions. Maybe they could slightly lower their feels across the board and be even more competitive on price (due to btc transfers being so cheap to conduct). If they also offered wallet services they would eventually cross the line from being a payment processor into effectively being the largest bank in the world (at some point) and almost immediately the largest exchange.

One of the payment processors will do this eventually... but it's up to them to decide who.

Come to think of it mudflation might actually be the best thing to have studied when it comes to bitcoin.

The problems that the most educated 'economists' seem to have when it comes to bitcoin are many, I'll just point out a couple that frustrate me to no end.

1. DEFLATION IS BAD. This is based on not understanding that all the economic 'laws' and principles they've learned have been only been proven in an inflationary (debt based) currency. They will not always apply inversely with an deflationary currency. It doesn't completely invalidate these effects and in most cases something that somewhat resembles the inverse may probably applies, but there will be important differences.

2. OMG HOARDING. This comes from not really understanding the lack of a causal relationship between deflation of a deflationary currency and economic contraction. Causally this link simply isn't there. It's is however causally linked when we're talking about fiat (or any debt based currency).

3-8. The next 5 points I won't really go into, but they all involve not understanding that a deflationary currency will require much more agility on the part of financial institutions and businesses in general. This is by design. Bitcoin is much much faster than the existing banking system and we see evidence of this in how business is conducted with bitcoin (stocks dividends being paid on a weekly basis). The common mistake is a free market won't be able to compensate for this and business in general will breakdown.

To this silliness I say "pfft", I don't care if a business or even a sector of business goes out of business... the void will swiftly be filled by newer and more agile entities who will want to provide those missing goods and services. Sure it may ruin some people, but on average and over time things will get better for everyone.

9. BITCOIN WILL FAIL BECAUSE... I can't even really explain this one, but latching onto one issue and claiming it will kill bitcoin is just stupid in the extreme... in anything we should evaluate the good and the bad and weigh them against each other. My response is, "hey your agenda is showing'. I chalk this one up to fear mostly... and a clinging to old ideas rather than evaluating bitcoin for what it is... rather than 'what it could do' (which is kill financial institutions as we know them - end monetary oppression on a global scale - etc).

bitcoin is real $$

i wasn't referring to slippage necessarily.
i was referring to the .01/.02 orders that get executed either direction as a buy or sell just to get the price to change

I always knew you had a bunch of coin invested, otherwise there would be no point in you spending so much time trolling. Who will take over as lead troll on the forum now? It will seem like a piece missing if there's no one there to put us in our place.