I got a good feeling about this.
Yeah...bugger all that EW nonsense...fall back on wishful thinking   |
|
|
|
Now that Bitstamp is becoming the main exchange, it's going to take 5K-10K walls to be significant, like the good old days, rather than 1K walls.
Ah the good old days...when pizza cost 5BTC and you still got a few satoshis change |
|
|
|
But the sharp reaction has been on low volume and during US 'sleep' time....when Europe wakes up will be our first indicator. Personally, I can see us retesting 400, especially given the weekend.
EDIT: And can I also add my familiar and no doubt tiresome refrain: the ever dwindling Bid-sum and the unhealthy bid/ask ratio.
Not sure about that, I thought China was driving the market. That's my point...the drop we are seeing is mainly the Chinese/Asian timezone (its 7pm here in the Eastern tropics)...when Europe wakes up it will respond, then the US. btw Taking much comfort from that H&S still |
|
|
|
A picture like that has to be a joke. obviously.
Rpietila, Do you think we have hit another bottom?
This event has unfolded in a classic elliot wave. high volume on the third wave, wedge (dry liqiudity) fourth, exhaustion by the fifth (465), and now a sharp reaction.
The bottom must come within a couple days of this if the news is legit right? because the decision necessary to make by all the chinese investors is pretty straight forward.
But the sharp reaction has been on low volume and during US 'sleep' time....when Europe wakes up will be our first indicator. Personally, I can see us retesting 400, especially given the weekend. EDIT: And can I also add my familiar and no doubt tiresome refrain: the ever dwindling Bid-sum and the unhealthy bid/ask ratio. |
|
|
|
|
Risto,
OK...back to the TA.
You stated a while back regarding the likelihood of breaking 550 (which has been and gone) and I imagine you are still bullish for the next quarter.
But with Chinese funds looking increasingly insecure, where is the new money going to come from? It seems unlikely to come from a 'new' market like China was a new market last year. So, if we can no longer count on fresh 'geographic' markets, then it has to come from sectors within established markets.
I know that many here dismiss news as effecting the market but for me BTC is one of the most sentiment driven markets around (similar to metals) -- with so much negative news/sentiment are you still as confident that institutional investment with flow in later this year?
|
|
|
|
...snip..
Thanks for the coherent and rational post, not just the analysis but also the insight into current affairs at Neo. |
|
|
|
Which would you prefer, Creekbore? #1 or #2.
My preference is (sadly) irrelevant. But for arguments sake #2 is clearly a utopian dream, #1 a rapidly coalescing nightmare. Hopefully, I'll be plant food before #1 comes to pass. |
|
|
|
Anyway, the bottom line (IMHO) is the "Party" is going to keep kicking BTC until it is either dead or they own as many as to control it.
This is completely not in evidence. It is justified only by a hoax. That's very weak ground to stand upon. That's why I put the IMHO in there. The CPC keep making proclamations about BTC, which considering their pragmatic approach to most things, means they want to either drive it underground completely or want to own it. The fact these edicts started around the time BTC gained parity with gold suggests the latter -- they are divesting their retirement portfolios As I said, just a theory based on my knowledge of China but no less weak ground than the 'to da moon' stuff you publish -- if we want to work on evidence then I'll keep pulling out the ever-dwindling bid-sum |
|
|
|
We both think cryptocurrency is here to stay, for when has a useful technology ever been abandoned?
We both agree that there are two "end states" for government in a high-technology word:
(1) a totalitarian one-world government with vast surveillance infrastructure and abusive control;
(2) a highly-decentralized world with small local self-governed communities interacting freely with other communities.
You think (1) is more likely while I think (2) is. AnonyMint, we are witnessing the beginnings of a social movement to break free from oppressive bureaucracy, regulation, and invasion of privacy. We are choosing to "opt-out," we are choosing to decentralize.
Except people are choosing to 'opt-in' -- they are embracing social media, posting details about themselves that would have been considered a totalitarian nightmare 20 years ago, willingly carrying what amounts to a personal tracking device with them everywhere they go (and paying for the service and hardware upgrades), nationalism is rising, defence spending rises as healthcare systems are allowed to fail...the list goes on. Most of the believers in scenario (2) are from the demographic who will rule in scenario (1) -- that dream (2) is their panacea while (1) comes to pass. |
|
|
|
|
@Herp
Disappointed you deleted Peter's post -- he raised some pertinent points.
It's pretty easy to see who the trolls are: not just length of tenure and number of posts but also the content of the posts esp the first 5 or ten (you don't have to be a psychologist to work it out).
We are all annoyed with the troll-fest but if we start fighting among ourselves they win.
|
|
|
|
|
I'm with TERA on this...there's lots of talk about 'new money' but where is it...its not on the order books!
The bid sum on Stamp remains anaemic, China is losing interest -- the only bright spot is that (from the charts at least) local Bitcoin sales are both energetic and volatile, but I can't see 'institutional' money being invested via those avenues.
Interest in Bitcoin is definitely increasing but perhaps that interest is focused on the technology rather than the 'currency'.
Like everyone here I'd love to see more pictures of trains and moon-landings, but until the order books pick up it ain't gonna happen.
@aminorex -- I have no idea why you want to introduce the misuse of 'literally': pure obfuscation.
|
|
|
|
just noticed that my favorite log baseline crossed over 500. rising almost $4/diem now. crosses the current price on 12 Apr. crosses ATH on 9 Jul at a rate of $8/diem.
Why say 'diem'? Is not easier and more accessible to type day? You know how you keep saying about your rule of thumb re. asking cabbies if they have heard of Bitcoin and they reply, no. Try asking them in English rather Latin, maybe you'll get a different response. For clarity, out of habit, because 'per diem' is colloquial, while 'per day' is more difficult to distinguish by ear in context from other common words in romance languages. Clarity? How can using a dead language be more clear. Colloquial? (of language) used in ordinary or familiar conversation; not formal or literary. Yeah, 'diem' is really ordinary and familiar. By ear? Er...we are using written/read language here...what does 'ear' have to do with anything. What is the point in communicating, if people can't understand your message? Other than showing off of course. |
|
|
|
This thread is a little more civilised, so I'll ask the following questions:
1. Why will Neo not confirm if it has any actual products or customers (the website suggests otherwise)?
2. Why will it not confirm and validate it's finances?
3. Why given the extreme criticism in the other thread and suggestions that it's CEO has fled the country, is no-one stepping in from the firm to deny or disprove it.
The first two questions have been unanswered for some time, but the last issue which is new and seems initially outrageous must be addressed.
I agree with all your comments and questions. Re: Q2 -- I don't think they are under obligation to do so. Such is the current BTC environment. Re: Q3 -- Outrageous is a good adjective. The fact George gave the talk above a couple of days back suggests the company is still solvent. I imagine the truth is probably that Danny is either having a holiday or has had some personal issues (brought on by the intense scrutiny of the trolls here?) --- he has put a lot into this project and I imagine it has taken its toll. I also think he is over this place. But I would like to see the rumours quashed categorically and the other thread closed. |
|
|
|
just noticed that my favorite log baseline crossed over 500. rising almost $4/diem now. crosses the current price on 12 Apr. crosses ATH on 9 Jul at a rate of $8/diem.
Why say 'diem'? Is not easier and more accessible to type day? You know how you keep saying about your rule of thumb re. asking cabbies if they have heard of Bitcoin and they reply, no. Try asking them in English rather Latin, maybe you'll get a different response. |
|
|
|
This was recently uploaded March 24th https://www.youtube.com/watch?v=ROPq4wK68rA&feature=youtu.be Published on Mar 24, 2014
Remarks by D. Andreou, Ph.D., Vice President of Administration
and Enrollment
Mr. G. Papageorgiou, Chief Business Developer, Neo and Bee Ltd.
"Bitcoin and Neo: from FEEdom to Freedom"
Business Week 2014, is an annual forum organized by the Academic Societies of the School of Business of the American College of Greece (ACG). The event, which will take place on 17-20 March 2014 in the ACG campus, aims to bring together ACG business students, faculty and alumni with distinguished industry professionals and academics from different fields of business. For a number of years this high-profile event has enjoyed excellent participation and media coverage, and has succeeded in fostering the sharing of knowledge, ideas and best practices between business and academia. Commenting to subscribe....nice one Herp. I wish someone would close the other thread. |
|
|
|
yessir I think the bears are giving in. we makin a move!
BitStamp Whole bid volume 12,403,689.28 USD 124,138.60 BTC Whole ask volume 18,302,807.58 USD 20,250.35 BTC Ratio 1 : 1.48 1 : 0.16 as BTC For someone who claims to have been following BTC for so long, you should know we don't go up with a bid/sum ratio like this. |
|
|
|
dont mean to interrupt the party but what's going on with vircurex? didnt followed the whole story but is it like shutting down somehow?
Apparently. I raised this yesterday and the consensus was 'meh'....it seems we are so used to bad news that it no longer registers as worthy for discussion. You have to steal at least 700K coins to get a mention here these days. |
|
|
|
Does the train make a beeping sound when it backs up?
No, that's a lorry (or truck in American)....noob mistake. |
|
|
|
Yes. I understand humour.
I'm sure you understand the concept, whether you have one...I'd say the jury's out given current evidence. |
|
|
|
Al contrare - YOU look like a snowman to me.
Al contrare? Au's brother? Who or what is "Au"? The French for 'on the contrary' is au contraire... Al is an abbreviated name...hence 'Al' is Au's brother. All those blows to the head from BillyBob seem to have affected you. Apparently, I did NOT know which language I was attempting my communication.... ... and seems that I may have been less than successful in my attempt to communicate with clarity... ... ... However, it also seems that at least I was in the ballpark sufficiently in which it seems like a fairly plausible explanation has come about... ... and NOW, I am more edumacated.... at least regarding that particular expression.... gratsi.....  It was a pun/calembour/juego de palabras perhaps you need to locate your sense of humour/sens de l'humour/sentido del humor |
|
|
|
|
Show Posts
