I remember thinking when I first got into Bitcoin, "Block reward halfing wont be for a long time" Here were are... getting closer... getting better  |
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Au got down to $1580. Where did you cover, CD?
i didn't. but i'm going to stop giving out my own positions b/c its useless around here. i won't get any credit if they win and i'll get alot of hoots and haws if i lose. no use. Keep posting them to your subs! |
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5.50 |
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actually my subs don't have to vouch for anything. i wrote everything right here in this thread. go back and check.
I remember. No need to check. Just wondering if you covered yet, as the dollar index is falling.. Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index all on the table... USDX isnt falling... not until its below $81 would I call it falling. EDIT $82 is an important level too... just not as important IMO We didnt even test $82... EDIT: Metals are inching up with the dollar now... interesting USD sideways above $82... Silver chart looks beautiful this morning  |
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Daily slow stochastic is not in rally mode.
Right, there are thousands of TA indicators, llikely about 30% of them are bullish, 30% bearish and 40% neutral. We can continue your style of argument for another 200 pages or so. LOL Fair enough, care to share any additional bullish indicators you see, besides the reverse HaS? |
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Google Auth. Sweet. I will be enabling NOW.
A well deserved Thank you for enabling a universal solution. Google Auth allows me cellphone to authenticate multiple sites and it is always with me and it is itself protected by a strong login.
+1 Very nice job Gox |
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Looks like it ran outta gas. Maybe if a lot of the money wasn't tied up in Bitcoinica.
We dont need any gas. Let the irrational rally continue! What's so irrational about it? Could it be the fact that bitcoin inflation drops from 33% in 2012 to 12.5% in 2013, by any chance, all the while real Bitcoin economy is growing rather nicely (but unquantified)? For all I care this is just a start of return to rationality. Daily slow stochastic is not in rally mode. |
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Looks like it ran outta gas. Maybe if a lot of the money wasn't tied up in Bitcoinica.
We dont need any gas. Let the irrational rally continue! |
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There is no fuel for the rocket. With fuel I mean bitcoins. Sellers are simply gone at below $6 prices in most exchanges. Someone wanting to buy a decent amount at $5.5 right now simply can't do it because the market is so thin. His average price would be way over that.
Right now if someone put up an ask wall at $5.5 it would be eaten very fast. But there is nothing there. Nothing anywhere. Interesting to see what happens.
If your idea of rocket is the same as mine, the fuel is fiat, not bitcoins The bitcoins need to be there to buy... otherwise the big money will be scared away by slippage. EDIT: This can also be thought of as the market being to heavily swayed to the bullish side psychologically... since there are very few bitcoins for sale ... and we know what happens next... |
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actually my subs don't have to vouch for anything. i wrote everything right here in this thread. go back and check.
I remember. No need to check. Just wondering if you covered yet, as the dollar index is falling.. Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index all on the table... USDX isnt falling... not until its below $81 would I call it falling. EDIT $82 is an important level too... just not as important IMO We didnt even test $82... EDIT: Metals are inching up with the dollar now... interesting |
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'a default leads to just a resetting of the existing system'
? Why doesnt every country default on every debt immediately then?
.. My question is what are the consequences of defaulting on debt? Because the consequences of printing lots of money is easy to see...
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actually my subs don't have to vouch for anything. i wrote everything right here in this thread. go back and check.
I remember. No need to check. Just wondering if you covered yet, as the dollar index is falling.. Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index all on the table... for this you need to understand the deflationary argument. go back and listen to the Turk Prechter interview i put up. I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true.. That video was the first time I ever came close to understanding the deflation argument. Give it another try... its good to understand the other side of the argument even if you disagree with it. Oh I understand the deflationary argument. I just don't agree with it. Fair enough... the deflation argument was/is really hard for me to wrap my head around. It's just never a good idea to bet against something you dont understand. EDIT: listening to it again now actually  Nothing more then there won't be enuf money to go around. The problem is the Fed can make as much money as it wants.... Hard to have a shortage of something that you can create an infinite amount of.. Paraphrased quote from the vid "1. The central banks are working in a credit system. 2. If all there was in currency out there it would be different. 3. The US depends on the integrity of its bonds and assets. 4. This couldn't be solved by printing dollars even if they wanted to" The part I have real trouble understanding is what happens between step 3 and 4. Why does a default hurt less then hyperinflation? |
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actually my subs don't have to vouch for anything. i wrote everything right here in this thread. go back and check.
I remember. No need to check. Just wondering if you covered yet, as the dollar index is falling.. Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index all on the table... for this you need to understand the deflationary argument. go back and listen to the Turk Prechter interview i put up. I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true.. That video was the first time I ever came close to understanding the deflation argument. Give it another try... its good to understand the other side of the argument even if you disagree with it. Oh I understand the delationary argument. I just don't agree with it. Fair enough... the deflation argument was/is really hard for me to wrap my head around. It's just never a good idea to bet against something you dont understand. EDIT: listening to it again now actually |
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actually my subs don't have to vouch for anything. i wrote everything right here in this thread. go back and check.
I remember. No need to check. Just wondering if you covered yet, as the dollar index is falling.. Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index all on the table... for this you need to understand the deflationary argument. go back and listen to the Turk Prechter interview i put up. I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true.. That video was the first time I ever came close to understanding the deflation argument. Give it another try... its good to understand the other side of the argument even if you disagree with it. |
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actually my subs don't have to vouch for anything. i wrote everything right here in this thread. go back and check.
I remember. No need to check. Just wondering if you covered yet, as the dollar index is falling.. Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index all on the table... USDX isnt falling... not until its below $81 would I call it falling. EDIT $82 is an important level too... just not as important IMO |
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You are patting your self for predicting a dump that didnt move the price... Good job?
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Not getting the follow through I was hoping for in AG yet today  |
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Good trader. I bought CS Go key and he was even kind enough to explain to me how to redeem the key from my steam inventory.   |
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3 weekly hammer in a row for PMs seems a bit more likely after that spike.
What conclusion should be drawn from back to back reversal candles?
nothing So it doesn't strengthen or weaken the reversal signal in your opinion? We continue to wait for a confirmation candle then... In my mind the more times that 26.xx level in Silver and the 1520 level in gold is defended, the better the chance of a reversal, but I dont have a good reason for that. You could use the same logic to say that we have hit resistance at the 29 level in silver and the 1600 level in gold... |
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Any chance on an official statement from Gox? This seems pretty important...
Official reply : No manipulations and good lord we are still sane... (I'm not insane, my mother had me tested). Now for the record and as far as we are concerned, a nice stable price keeps volume and revenue low. But it didn't answer the question. Did a trade execute > $5.18? If so then why didn't the high update to reflect it? If not then why does "last" show $5.269? What EXACTLY is the "last"? Is it really the price the most recent trade executed? And the real question is what did you do to fix this "glitch"? |
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