I’d say you are a slave.  |
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All I said was that it would be irrational to say something like "we're going to $8" just because of a 25 cent correction up from 4.3...
Yes. What happened to the irrational inau? What’s going on here?  |
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dude calm down, it's a 20 cent temporary correction
What happened to inau? You sold? |
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The Bitcoin theft you keep talking about to the tune of ~45k has become completely meaningless as time progressed and the thief already likely cashed out long ago.
Bitcoin inflation is ~7.2k daily, so that’s not even one week of inflation. It’s nothing.
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So looks like you now agree with my concerns after all.  I’m just worried it would "devolve" into what I’ve observed with S3052 – "forcing" people to dump or buy upon the arrival of just one email within seconds/minutes, because everyone else is doing it. There’s also the concern that the analysis will become ineffective if everyone follows the same explicit targets, but perhaps I could use it as a contrarian indicator if that ever happens. I fully support your conclusion. Leverage and/or short-term trading in this market (at least on high volume) seems a no-no at least for the moment. It’s possible that in past times things were much clearer because the market really was bigger. As an illustration of this, there were much more and much bigger bid walls (10k+ was common). I am confident such times will return again with the next hype. Thanks for your honesty and transparency on your thoughts. I appreciate it. |
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I will definitely focus more on non-Elliott Wave charting for the foreseeable future with my day to day emails since what has happened these last few days makes little to no sense from an Elliott Wave standpoint and therefore I cannot just keep following slight error after error down the rabbits hole.
Do you have any idea why this could be the case? It didn’t make any sense to me either. But then again, so did the rise from the 4.5, then the 4.75 low not make sense to me at all at the time. Like it wasn’t supposed to happen, and yet it did, both times up and down. I guess it will remain a mystery. I enjoyed this email btw. |
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Yeah, I'm staying out of this. My base price is so far under $1 now that I don't feel compelled to try to improve it at every little move, and I don't want to lose any of the bitcoins I've been able to snatch up from all these little freak outs. Let's bounce off $3.80 or $3.50 or $3.00 or even $1 for all I care. I'm going to try to take a break for a few weeks.
My base price is actually negative because all I have in Bitcoins is profits. And yeah. Bring it on. See you @ double digit. @Mushoz If short term is too much noise, I recommend simply not following it. And I agree, there are tons of false signals and you will probably lose money if you trade it all the time. The clearest signals are kind of always at the extremes = turning points for mid or long term. |
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Not sure, but I’m certainly not giving you any liquidity to cover. |
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Interesting service, how does your site handle the exchange rate/markup? At the moment it seems that you value 1 BTC = ~4.00?
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March 11, 2012.
Expect big things. You heard it here first.
So, what about these things, Atlas? |
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I doubt it. All these people drawing cute little lines trying to predict the future. In a few weeks, someone else will draw a new graph claiming there was some pattern to be seen and say "see, I said that!" when it's going up again.
I've found the key to be to say a whole lot of stuff and then remind people of when I happen to have been right. The analyst’s formula. |
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Its all about supply and demand and market basics, we are in a nice trading range to the downside, we can go lower but we are already oversold on the daily chart, and we still haven't broke the major trend line that started in 2011
selling 20000 bitcoins and we are still holding above 4.50
Care to share that trendilne? just connect the 2010 top to the 7.2 top and the 6ish top (apex of the triangle before we dove to 3.87) in a log-based chart. There is indeed a trend-line there but if means little at the moment since there is no trending channel to to go alongside it in either direction Because of the context, I think he was talking about an uptrending line. I’m guessing this one: https://i.imgur.com/GjJzi.png |
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Its all about supply and demand and market basics, we are in a nice trading range to the downside, we can go lower but we are already oversold on the daily chart, and we still haven't broke the major trend line that started in 2011
selling 20000 bitcoins and we are still holding above 4.50
Care to share that trendilne? |
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If those tx are free I am forced to include them or have my block rejected?
Where do people get this idea you have the right to have your free or cheap ass (1/10th of a penny) tx forced into the next block.
Becasue we already pay you greedy miners with 33% yearly inflation. Not enough? |
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Guys, I don’t understand all the fuss about this.
Everybody should know by now what MtGox’s policy is on this. If you are not okay with verifying your account if such a thing happens, you should simply use another exchange.
You know, free market and all. Noone is forcing you to use MtGox.
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And this gem from a couple of days ago!!  Today, the P2P Foundation has payed its first salary in Bitcoin, the new global reserve currency based on social sovereignty cc @stuhood
Wow. How awesome is that? I like this one: https://twitter.com/#!/mbauwens/status/183165130157207552"bitcoin's social soveignty: not created by banks, not by state, but by a group of people who trust in a protocol" |
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More to the point, we need to rely less on exchanging BTC and USD and instead develop a proper market involving only non-monetary goods and BTC. Currency exchange should be on the fringe, not front and center.
Agreed. Unfortunately, there is little chance of this happening. |
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Now the question for us Europeans would be what will decline more, Bitcoins or Euros? I sure hope EUR. On a long enough timeframe anyway. i've told you many times; i'm not worried about Bitcoin. Me neither, it was just a rhetorical question.  I’ve actually become very bullish the past few weeks. Good things are brewing up in my view. Once we bottom, I can see a recap of 2011’s spring coming. Early adopter times. |
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Now the question for us Europeans would be what will decline more, Bitcoins or Euros? I sure hope EUR. On a long enough timeframe anyway. |
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